Skip to content

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.

Follow Report
CONSTRUCTIVEBankruptcy closed
Report

Overview

Activity
Activity not known
Size
€53,474total assets 2017
Equity
€11,361
Profit
€4,572
Turnover not published (abbreviated or micro format)
Financial health
Bankruptcy closed: no score
Structure
0 of 2 deeds read
Signalsraises riskBankruptcy closedneutralFiled after the deadlineShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Bankruptcy closed
The Belgian Official Gazette published the closure of the bankruptcy. The latest notice is dated 06-04-2022. The registration has since been removed from the register.
Belgian Official Gazette
neutral · Filed after the deadline
The financial year that closed on 30-06-2017 was due by 31-01-2018 and was filed on 13-03-2018, 41 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2017
41 days late
2016
on the day
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 21 days after the deadline; the Belgian median for financial year 2017 is 4 days before the deadline, and 41% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Bankruptcy closure (insufficient assets)Enterprise Court of Ghent, Ghent…
  2. OpeningEnterprise Court of Ghent, Ghent…
  3. Annual accounts filedfinancial year 2017 · micro…

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.

Download as CSV

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.

Directors

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Didier Bekaert
Geraardsbergsesteenweg 167, 9090 Melle
 13-11-2018 → 29-03-2022

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

CONSTRUCTIVE has filed 2 sets of annual accounts, the latest for financial year 2017.1 On 13 November 2018 the company was declared bankrupt; the bankruptcy was closed on 29 March 2022.23

  1. 1National Bank, annual accounts 2017
  2. 2Belgian Official Gazette, 21-11-2018
  3. 3Belgian Official Gazette, 06-04-2022

Acts, filings and financial milestones

2022
06-04
Bankruptcy Bankruptcy closure (insufficient assets)
Enterprise Court of Ghent, Ghent division · judgment of 29-03-2022
2018
21-11
Bankruptcy Opening
Enterprise Court of Ghent, Ghent division · judgment of 13-11-2018
13-03
NBB filing Annual accounts filed
financial year 2017 · micro format · 41 days late
2017
30-06
Financial Back to profitnet €4,572
Net result €4,572 after one loss-making year.
31-01
NBB filing Annual accounts filed
financial year 2016 · abbreviated format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 2 deeds read
About the unread acts

We know of 2 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Gent
exact location from the address register On OpenStreetMap
Ground area
152 m²
Building footprint
62 m²
Building volume
409 m³
Parcel 44362B0174/00M000, Flanders · tallest building 10.5 m. Linked by address, not a title deed.
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
44362B0174/00M000 Flanders 151 m² 1 · 62 m² 10.5 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.

We would like to set cookies. That happens only with your consent. What we measure