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CONSTRUCTIVE

Bankruptcy closed
Private limited company (pre-2019)KBO/BCE: BE 0505.992.184

Inactive since 21-05-2026; last annual accounts for financial year 2017.

Summary

CONSTRUCTIVE was declared bankrupt on 13-11-2018 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 29-03-2022, published in the Belgian Official Gazette on 06-04-2022.

CONSTRUCTIVEBankruptcy closed

Financials · financial year 2017, micro format

2017 annual accounts filed late (41 days) Filed on 13 March 2018, deadline 31 January 2018 (7 months after the close on 30 June 2017, Companies Code art. 3:10). Source: NBB, 2018-06900144.

Equity
€11,361▲ 67.3%
2016 · €6,789
Total assets
€53,474▼ 49.9%
2016 · €106,755
Net result
€4,572
2016 · -€9,911
Working capital
€3,206
2016 · -€506
Trend over the years

2016 to 2017, 2 financial years

The operating result returns to profit in 2017: €5,887 after a loss of €7,504 in 2016.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€5,887 2017 Net result€4,572 2017

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20162017
Operating result-€7,504-€5,887
Net result-€9,911-€4,572
Equity€6,789-€11,361▲ 67.3%
Total assets€106,755-€53,474▼ 49.9%
Debt€99,966-€42,113▼ 57.9%
Working capital-€506-€3,206
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €53,474
Fixed assets €8,155 ▲ 9.4%
Current assets €45,319 ▼ 54.4%
Equity and liabilities €53,474
Equity €11,361 ▲ 67.3%
Debt €42,113 ▼ 57.9%
Debt's share of the balance-sheet total falls from 93.6% to 78.8%. Equity is higher and debt is lower.
Key figures and ratios
2017 value · change against 2016
EBITDA
€8,241▲
2016 · -€4,744
Cash flow
€6,926▲
2016 · -€7,151
Current ratio
1.08▲
2016 · 0.99
Quick ratio
0.62▼
2016 · 0.84
ROE
40.2%▲
2016 · -146.0%
ROA
8.6%▲
2016 · -9.3%
Debt ≤ 1 year
€42,113▼
2016 · €99,807
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2017 against 2016 · 24 lines
Balance sheet Code20162017
Assets
Total assets20/58€106,755€53,474▼
Fixed assets21/28€7,454€8,155▲
Intangible fixed assets21€341€242▼
Tangible fixed assets22/27€5,613€6,413▲
Financial fixed assets28€1,500€1,500=
Current assets29/58€99,301€45,319▼
Stocks and contracts in progress3€15,000€19,250▲
Amounts receivable within one year40/41€84,157€25,379▼
Cash at bank and in hand54/58-€5
Equity and liabilities
Total equity and liabilities10/49€106,755€53,474▼
Equity10/15€6,789€11,361▲
Contributions10/11€16,700€16,700=
Profit (loss) carried forward14-€9,911-€5,339▲
Amounts payable17/49€99,966€42,113▼
Amounts payable within one year42/48€99,807€42,113▼
Trade debts44€91,044€32,565▼
Income statement Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,760€2,354▼
Gross operating margin9900-€3,476€9,226▲
Operating profit (loss)9901-€7,504€5,887▲
Recurring financial income75€277€144▼
Recurring financial charges65€2,684€1,459▼
Profit (loss) for the period before taxes9903-€9,911€4,572▲
Profit (loss) for the period9904-€9,911€4,572▲
Profit (loss) for the period to be appropriated9905-€9,911€4,572▲
Line20162017Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,760€2,354▼ 14.7%
Gross operating margin9900-€3,476€9,226-
Operating profit (loss)9901-€7,504€5,887-
Recurring financial income75€277€144▼ 47.9%
Recurring financial charges65€2,684€1,459▼ 45.6%
Profit (loss) for the period before taxes9903-€9,911€4,572-
Profit (loss) for the period9904-€9,911€4,572-
Profit (loss) for the period to be appropriated9905-€9,911€4,572-
Line20162017Change
Assets
Total assets20/58€106,755€53,474▼ 49.9%
Fixed assets21/28€7,454€8,155▲ 9.4%
Intangible fixed assets21€341€242▼ 29.1%
Tangible fixed assets22/27€5,613€6,413▲ 14.3%
Financial fixed assets28€1,500€1,500=
Current assets29/58€99,301€45,319▼ 54.4%
Stocks and contracts in progress3€15,000€19,250▲ 28.3%
Amounts receivable within one year40/41€84,157€25,379▼ 69.8%
Cash at bank and in hand54/58-€5-
Equity and liabilities
Total equity and liabilities10/49€106,755€53,474▼ 49.9%
Equity10/15€6,789€11,361▲ 67.3%
Contributions10/11€16,700€16,700=
Profit (loss) carried forward14-€9,911-€5,339▲ 46.1%
Amounts payable17/49€99,966€42,113▼ 57.9%
Amounts payable within one year42/48€99,807€42,113▼ 57.8%
Trade debts44€91,044€32,565▼ 64.2%
Line20162017Change
Profit (loss) for the period9904-€9,911€4,572-
+ Depreciation and write-downs630€2,760€2,354▼ 14.7%
Operating cash flow (approximation)-€7,151€6,926-
Investment in fixed assets (approximation)--€3,054-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (2)
Financial year Type Filed Reference
30-06-2017 micro format 13-03-2018 2018-06900144
30-06-2016 abbreviated format 31-01-2017 2017-03000292

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.