CREON CONSTRUCT
Open bankruptcySummary
A bankruptcy procedure is open for CREON CONSTRUCT according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (-€1.8m) and a net result of -€165.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Bruges division
- Declared bankrupt
- 14 March 2023
- Supervising judge
- Frans Vandekerckhove
- Official Gazette
- 20-03-2023 (pdf) ↗search the document for 2023/110445
Deadlines
- Provisional date payments stopped
- 14 March 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 4 April 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 13 April 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 24 April 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 14 March 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Yves CastermansHoutkaai 15/02, 8000 Bruggeyves.castermans@castermans-advocaten.be
- Marc CastermansHoutkaai 15/02, 8000 Brugge- advocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 10-02-2023, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2022
10 d late
2022
4 d early
2021
on the day
2019
68 d late
2018
30 d late
2017
15 d early
2016
12 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2022 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Equity
-€1.8m=
2022 · -€1.8m
Total assets
€192,849=
2022 · €192,849
Net result
-€165▲ 100.0%
2022 · -€1.4m
Working capital
-€1.6m=
2022 · -€1.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202120222022
Operating result€71,090-€46,146▼ 35.1%-€481,189--€1.5m▼ 218%-€165-
Net result€15,043-€9,214▼ 38.7%-€523,087below the sector's middle half--€1.4mbelow the sector's middle half▼ 174%-€165below the sector's middle half-
Equity€158,992-€168,206▲ 5.8%-€354,881below the sector's middle half--€1.8mbelow the sector's middle half▼ 404%-€1.8mbelow the sector's middle half-
Total assets€2.7m-€2.9m▲ 9.7%€1.8mwithin the sector's middle half-€192,849below the sector's middle half▼ 89.4%€192,849below the sector's middle half-
Debt€2.5m-€2.8m▲ 10.0%€2.2m-€1.8m▼ 16.9%€1.8m-
Working capital€948,424-€907,465▼ 4.3%€320,129within the sector's middle half--€1.6mbelow the sector's middle half-€1.6mbelow the sector's middle half-
Solvency5.9%-5.7%▼ 0.2pp-19.5%below the sector's middle half--927.0%below the sector's middle half▼ 907.5pp-927.1%below the sector's middle half-
Current ratio1.55-1.45▼ 0.101.21within the sector's middle half-0.11below the sector's middle half▼ 1.110.11below the sector's middle half-
Return on assets (ROA)0.6%-0.3%▼ 0.2pp-28.8%below the sector's middle half--743.0%below the sector's middle half▼ 714.2pp-0.1%below the sector's middle half-
Staff (FTE)3.5-4.1▲ 17.1%4.2within the sector's middle half-4.1within the sector's middle half▼ 2.4%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2022 Net result -174% on 2021. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Key figures and ratios
Debt to equity
-1.01=
2022 · -1.01
Debt ≤ 1 year
€1.8m=
2022 · €1.8m
Staff costs
€0▼
2022 · €273,807
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €273,807 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,395 | €2,704 | €2,204 | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €22,110 | €0 | - |
| Other operating charges640/8 | - | - | - | €108,032 | €165 | - |
| Non-recurring operating charges66A | - | - | - | €307,232 | €0 | - |
| Gross operating margin9900 | €307,747 | €454,726 | -€83,794 | -€817,161 | €0 | - |
| Operating profit (loss)9901 | €71,090 | €46,146 | -€481,189 | -€1.5m | -€165 | - |
| Financial income75/76B | - | - | - | €497 | €0 | - |
| Recurring financial income75 | €25 | €136 | €0 | €497 | €0 | - |
| Financial charges65/66B | - | - | - | -€95,057 | €0 | - |
| Recurring financial charges65 | €46,873 | €30,270 | €41,899 | €38,228 | €0 | - |
| Non-recurring financial charges66B | - | - | - | -€133,286 | €0 | - |
| Profit (loss) for the period before taxes9903 | €24,242 | €16,011 | -€523,087 | -€1.4m | -€165 | - |
| Income taxes67/77 | €9,199 | €6,797 | €0 | - | - | - |
| Profit (loss) for the period9904 | €15,043 | €9,214 | -€523,087 | -€1.4m | -€165 | - |
| Profit (loss) for the period to be appropriated9905 | €15,043 | €9,214 | -€523,087 | -€1.4m | -€165 | - |
| Line | 2018 | 2019 | 2021 | 2022 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €2.9m | €1.8m | €192,849 | €192,849 | - |
| Fixed assets21/28 | €4,908 | €2,204 | €0 | - | - | - |
| Intangible fixed assets21 | €4,408 | €2,204 | €0 | - | - | - |
| Tangible fixed assets22/27 | €500 | - | - | - | - | - |
| Current assets29/58 | €2.7m | €2.9m | €1.8m | €192,849 | €192,849 | - |
| Stocks and contracts in progress3 | €1.8m | €1.8m | €1.0m | €0 | - | - |
| Stocks30/36 | - | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €892,620 | €1.1m | €804,765 | €192,416 | €188,255 | - |
| Trade receivables40 | - | - | - | €185,973 | €181,813 | - |
| Other amounts receivable41 | - | - | - | €6,443 | €6,443 | - |
| Cash at bank and in hand54/58 | €30,470 | €6,845 | €7,935 | €433 | €4,594 | - |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €2.9m | €1.8m | €192,849 | €192,849 | - |
| Equity10/15 | €158,992 | €168,206 | -€354,881 | -€1.8m | -€1.8m | - |
| Contributions10/11 | €88,600 | €88,600 | - | €88,600 | €88,600 | - |
| Reserves13 | €70,392 | €79,606 | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | -€443,481 | -€1.9m | -€1.9m | - |
| Provisions and deferred taxes16 | - | - | - | €173,946 | €173,946 | - |
| Provisions for liabilities and charges160/5 | - | - | - | €173,946 | €173,946 | - |
| Other liabilities and charges164/5 | - | - | - | €173,946 | €173,946 | - |
| Amounts payable17/49 | €2.5m | €2.8m | €2.2m | €1.8m | €1.8m | - |
| Amounts payable after more than one year17 | €790,589 | €737,384 | €670,419 | €0 | - | - |
| Trade debts175 | - | - | - | €0 | - | - |
| Other amounts payable178/9 | - | - | - | €0 | - | - |
| Amounts payable within one year42/48 | €1.7m | €2.0m | €1.5m | €1.8m | €1.8m | - |
| Financial debts43 | - | - | - | €0 | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - |
| Trade debts44 | €114,006 | €378,778 | €237,415 | €308,321 | €308,486 | - |
| Suppliers440/4 | - | - | - | €308,321 | €308,486 | - |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €449,300 | €449,300 | - |
| Taxes450/3 | - | - | - | €254,413 | €254,413 | - |
| Remuneration and social security454/9 | - | - | - | €194,887 | €194,887 | - |
| Other amounts payable47/48 | - | - | - | €1.0m | €1.0m | - |
| Accrued charges and deferred income492/3 | - | - | - | €4,590 | €4,590 | - |
| Line | 2018 | 2019 | 2021 | 2022 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,043 | €9,214 | -€523,087 | -€1.4m | -€165 | - |
| + Depreciation and write-downs630 | €6,395 | €2,704 | €2,204 | €0 | - | - |
| Operating cash flow (approximation) | €21,438 | €11,918 | -€520,883 | -€1.4m | -€165 | - |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€23,625 | - | -€7,502 | - | - |
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
2023
20-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 14-03-2023
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 10 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
16-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
21-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 21 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Brugge · 1 establishment unit since 1976
Ground area
2,929 m²
Building footprint
1,314 m²
Volume, LiDAR
9,117 m³
2 parcels, Flanders · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
CREON CONSTRUCT
since 19762.011.739.616
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D0182/00T000 | Flanders | 1,744 m² | 1 · 803 m² | 14.2 m · 3 fl. |
| 31022I0107/00C015 | Flanders | 1,185 m² | 1 · 511 m² | 12.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | YVES CASTERMANS HOUTKAAI 15/02, 8000 BRUGGE- |
14-03-2023 → present |
| Curator | MARC CASTERMANS HOUTKAAI 15/02, 8000 BRUGGE- marc.castermans@castermans-
advocaten.be |
14-03-2023 → present |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. 12,447 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
Founded19-12-1975
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43211General electrical installation work
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
alex@creongroup.com
Phone
050 946464
Fax
050 946465
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.