CONSTRUCTION ALTERNATIVE
Open bankruptcyA bankruptcy procedure is open for CONSTRUCTION ALTERNATIVE according to publications in the Belgian State Gazette; curator: LUCIEN BIEVA.
Summary
The 2022 annual accounts show equity of €35k and a net result of €-14k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 13-06-2023, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
48 d early
2021
31 d late
2020
26 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€35k▼ 29.1%
2021 · €49k
2018: €62k
2019: €65k▲ +6.0% vs 2018
2020: €70k▲ +6.9% vs 2019highest in 5 years
2021: €49k▼ -30.2% vs 2020
2022: €35k▼ -29.1% vs 2021lowest in 5 years
2018 → 2022
Total assets
€98k▼ 39.7%
2021 · €163k
2018: €197k
2019: €292k▲ +48.6% vs 2018
2020: €295k▲ +0.8% vs 2019highest in 5 years
2021: €163k▼ -44.8% vs 2020
2022: €98k▼ -39.7% vs 2021lowest in 5 years
2018 → 2022
Net result
€-14k▲ 33.0%
2021 · €-21k
2018: €-598
2019: €4k▲ +719% vs 2018
2020: €5k▲ +22.3% vs 2019highest in 5 years
2021: €-21k▼ -567% vs 2020lowest in 5 years
2022: €-14k▲ +33.0% vs 2021
2018 → 2022
Working capital
€38k▲ 234%
2021 · €11k
2018: €5klowest in 5 years
2019: €65k▲ +1245% vs 2018highest in 5 years
2020: €45k▼ -30.6% vs 2019
2021: €11k▼ -74.6% vs 2020
2022: €38k▲ +234% vs 2021
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€62k-€65k▲ 6.0%€70k▲ 6.9%€49k▼ 30.2%€35k▼ 29.1%
2018: €62k
2019: €65k▲ +6.0% vs 2018
2020: €70k▲ +6.9% vs 2019highest in 5 years
2021: €49k▼ -30.2% vs 2020
2022: €35k▼ -29.1% vs 2021lowest in 5 years
Operating result€-291-€-2k▼ 668%€11k€-19k€-12k▲ 40.4%
2018: €-291
2019: €-2k▼ -668% vs 2018
2020: €11k▲ +614% vs 2019highest in 5 years
2021: €-19k▼ -270% vs 2020lowest in 5 years
2022: €-12k▲ +40.4% vs 2021
Net result€-598-€4k€5k▲ 22.3%€-21k€-14k▲ 33.0%
2018: €-598
2019: €4k▲ +719% vs 2018
2020: €5k▲ +22.3% vs 2019highest in 5 years
2021: €-21k▼ -567% vs 2020lowest in 5 years
2022: €-14k▲ +33.0% vs 2021
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2022 against €19k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €98k
Fixed assets
€12k ▼ 84.2%
Current assets
€86k ▼ 0.3%
Equity and liabilities €98k
Equity
€35k ▼ 29.1%
Debt
€63k ▼ 44.2%
Debt's share of the balance-sheet total falls from 70.0% to 64.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-5k▲
2021 · €-9k
Cash flow
€-8k▲
2021 · €-10k
Current ratio
1.80▲
2021 · 1.15
Quick ratio
1.79▲
2021 · 1.12
Debt to equity
1.84▼
2021 · 2.34
ROE
-41.0%▲
2021 · -43.4%
ROA
-14.5%▼
2021 · -13.0%
Interest coverage
-2.13▲
2021 · -2.83
Debt ≤ 1 year
€48k▼
2021 · €75k
Debt > 1 year
€16k▼
2021 · €39k
Income taxes
€112▲
2021 · €110
Staff costs
€85k▲
2021 · €82k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 49 lines
Balance sheet
Code20212022
Assets
Total assets20/58€163k€98k▼
Fixed assets21/28€76k€12k▼
Tangible fixed assets22/27€73k€9k▼
Land and buildings22€58k-
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€5k€2k▼
Financial fixed assets28€4k€4k=
Current assets29/58€86k€86k▼
Stocks and contracts in progress3€2k€250▼
Stocks30/36€2k€250▼
Amounts receivable within one year40/41€43k€59k▲
Trade receivables40€30k€54k▲
Other amounts receivable41€13k€5k▼
Cash at bank and in hand54/58€40k€26k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€163k€98k▼
Equity10/15€49k€35k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€41k€27k▼
Amounts payable17/49€114k€63k▼
Amounts payable after more than one year17€39k€16k▼
Financial debts170/4€39k€16k▼
Amounts payable within one year42/48€75k€48k▼
Current portion of amounts payable after more than one year42€23k€17k▼
Trade debts44€11k€23k▲
Suppliers440/4€11k€23k▲
Advances received on contracts in progress46€13k-
Taxes, remuneration and social security45€11k€7k▼
Remuneration and social security454/9€11k€7k▼
Other amounts payable47/48€17k€1k▼
Income statement
Code20212022
Remuneration, social security and pensions62€82k€85k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€6k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-
Other operating charges640/8€5k€1k▼
Gross operating margin9900€81k€81k▼
Operating profit (loss)9901€-19k€-12k▲
Financial income75/76B€1k€39▼
Recurring financial income75€1k€39▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-21k€-14k▲
Income taxes67/77€110€112▲
Profit (loss) for the period9904€-21k€-14k▲
Profit (loss) for the period to be appropriated9905€-21k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€27k▼
Profit (loss) brought forward from the previous period14P€62k€41k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €82k | €85k | ▲ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €13k | €10k | €11k | €6k | ▼ 42.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3k | - | - |
| Other operating charges640/8 | - | - | - | €5k | €1k | ▼ 76.3% |
| Gross operating margin9900 | €69k | €70k | €83k | €81k | €81k | ▼ 0.5% |
| Operating profit (loss)9901 | €-291 | €-2k | €11k | €-19k | €-12k | ▲ 40.4% |
| Financial income75/76B | - | - | - | €1k | €39 | ▼ 97.3% |
| Recurring financial income75 | - | €13k | €845 | €1k | €39 | ▼ 97.3% |
| Financial charges65/66B | - | - | - | €3k | €2k | ▼ 17.4% |
| Recurring financial charges65 | €2k | €5k | €6k | €3k | €2k | ▼ 17.4% |
| Profit (loss) for the period before taxes9903 | €-436 | €5k | €6k | €-21k | €-14k | ▲ 33.1% |
| Income taxes67/77 | €162 | €1k | €2k | €110 | €112 | ▲ 2.2% |
| Profit (loss) for the period9904 | €-598 | €4k | €5k | €-21k | €-14k | ▲ 33.0% |
| Profit (loss) for the period to be appropriated9905 | €-598 | €4k | €5k | €-21k | €-14k | ▲ 33.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €197k | €292k | €295k | €163k | €98k | ▼ 39.7% |
| Fixed assets21/28 | €84k | €73k | €87k | €76k | €12k | ▼ 84.2% |
| Tangible fixed assets22/27 | €81k | €70k | €83k | €73k | €9k | ▼ 88.3% |
| Land and buildings22 | - | - | - | €58k | - | - |
| Plant, machinery and equipment23 | - | - | - | €10k | €7k | ▼ 32.4% |
| Furniture and vehicles24 | - | - | - | €5k | €2k | ▼ 61.8% |
| Financial fixed assets28 | €3k | €3k | €4k | €4k | €4k | = |
| Current assets29/58 | €113k | €219k | €208k | €86k | €86k | ▼ 0.3% |
| Stocks and contracts in progress3 | €7k | €108k | €2k | €2k | €250 | ▼ 88.1% |
| Stocks30/36 | - | - | - | €2k | €250 | ▼ 88.1% |
| Amounts receivable within one year40/41 | €58k | €67k | €170k | €43k | €59k | ▲ 36.2% |
| Trade receivables40 | - | - | - | €30k | €54k | ▲ 75.9% |
| Other amounts receivable41 | - | - | - | €13k | €5k | ▼ 58.7% |
| Cash at bank and in hand54/58 | €46k | €43k | €35k | €40k | €26k | ▼ 35.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | €1k | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €197k | €292k | €295k | €163k | €98k | ▼ 39.7% |
| Equity10/15 | €62k | €65k | €70k | €49k | €35k | ▼ 29.1% |
| Contributions10/11 | €6k | €6k | - | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €54k | €57k | €62k | €41k | €27k | ▼ 34.8% |
| Amounts payable17/49 | €135k | €227k | €225k | €114k | €63k | ▼ 44.2% |
| Amounts payable after more than one year17 | €27k | €73k | €62k | €39k | €16k | ▼ 59.9% |
| Financial debts170/4 | - | - | - | €39k | €16k | ▼ 59.9% |
| Amounts payable within one year42/48 | €108k | €154k | €163k | €75k | €48k | ▼ 36.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23k | €17k | ▼ 26.8% |
| Trade debts44 | €40k | €53k | €50k | €11k | €23k | ▲ 101% |
| Suppliers440/4 | - | - | - | €11k | €23k | ▲ 101% |
| Advances received on contracts in progress46 | - | - | - | €13k | - | - |
| Taxes, remuneration and social security45 | - | - | - | €11k | €7k | ▼ 37.8% |
| Remuneration and social security454/9 | - | - | - | €11k | €7k | ▼ 37.8% |
| Other amounts payable47/48 | - | - | - | €17k | €1k | ▼ 92.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-598 | €4k | €5k | €-21k | €-14k | ▲ 33.0% |
| + Depreciation and write-downs630 | €12k | €13k | €10k | €11k | €6k | ▼ 42.4% |
| Operating cash flow (approximation) | €12k | €17k | €14k | €-10k | €-8k | ▲ 22.8% |
| Investment in fixed assets (approximation) | - | €-2k | €-23k | €-799 | €58k | ▲ 7,358% |
| Change in cash | - | €-3k | €-8k | €5k | €-14k | ▼ 374% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
23-01
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 16-01-2024
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €5k ▲22.3%
Operating result €11k, net result €5k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Rumes · 2 establishment units since 2010
Ground area
400 m²
Building footprint
140 m²
Volume, LiDAR
677 m³
Parcel 57072B0644/00D002, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Imp. de la rue des Moulins(TOU) 8, 7500 Tournai
since 20102.189.499.935
ALTERIMMO
since 20132.216.790.884
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57072B0644/00D002 | Wallonia | 400 m² | 1 · 140 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LUCIEN BIEVA PLACE DE WATTRIPONT 8,
7910 ANVAING- .
Date provisoire de cessation de paiement : 16/01/2024 |
16-01-2024 → present |
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,133. 6,987 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43240Other construction installation
43332Laying of wooden floor and wall coverings
43990Other specialised construction activities
Contact
E-mail
christophe@construction-alternative.comTournai
Phone
0495/996857Tournai
Website
www.construction-alternative.comRumes
E-mail
info@construction-alternative.comRumes
Fax
069 84 88 95Rumes
Scores and ratios are computed by Checked and are not a credit decision.