DL|construct
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- Enterprise Court of Antwerp, Turnhout division
- Declared bankrupt
- 30 September 2025
- Supervising judge
- Dirk Schellens
- Official Gazette
- 07-10-2025 (pdf) ↗search the document for 2025/140326
Deadlines
- Provisional date payments stopped
- 30 September 2025A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 22 October 2025Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 30 October 2025art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 11 November 2025Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 30 September 2026A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustees
- Jacques Arnauts-SmeetsAarschotse- Steenweg 7, 2230 Herseltinfo@rubiconlaw.be
- Gunther PeetersAarschotsesteenweg 7, 2230 Herseltinfo@rubiconlaw.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file in RegSol ↗
Follow
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Manufacture of metal structures and parts of structures
NACE 25110
1 site
Size
€205,324total assets 2023
- Equity
- €5,706
- Loss
- -€18,513
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
1 of 4 deeds summarised
Signalsraises riskOpen bankruptcy2023 accounts filed 29 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · 2023 accounts filed 29 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 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 · 5 filingsDeviation from the deadline
2024
not filed
2023
29 days late
2022
25 days early
2021
13 days early
2020
8 days early
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days before the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
- OpeningEnterprise Court of Antwerp, Turnhout…
- Provisional administratorEnterprise Court of Antwerp ·…
- Registered officeRegistered-office move
Financials · financial year 2023, micro format
2023 annual accounts filed late (29 days) Filed on 29 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00391106.
Equity
€5,706▼ 76.4%
2022 · €24,218
Total assets
€205,324▲ 3.2%
2022 · €199,044
Net result
-€18,513▲ 34.7%
2022 · -€28,352
Working capital
-€3,928
2022 · €17,068
Trend over the years
2019 to 2023, 5 financial years
The operating result stays negative: a loss of €11,147 in 2023 against €20,871 in 2022; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€11,147
2023
Net result-€18,513
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€205,324
2023
Equity€5,706
2023
Debt€199,618
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€3,928
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-9.0%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency2.8%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.97
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€1,041-€64,963€4,824▼ 92.6%-€20,871-€11,147▲ 46.6%
Net result-€1,041-€51,499above the sector's middle half€113below the sector's middle half▼ 99.8%-€28,352below the sector's middle half-€18,513below the sector's middle half▲ 34.7%
Equity€959-€52,457within the sector's middle half▲ 55×€52,570within the sector's middle half▲ 0.2%€24,218within the sector's middle half▼ 53.9%€5,706below the sector's middle half▼ 76.4%
Total assets€2,000-€111,040within the sector's middle half▲ 56×€178,699within the sector's middle half▲ 60.9%€199,044within the sector's middle half▲ 11.4%€205,324within the sector's middle half▲ 3.2%
Debt€1,041-€58,582▲ 56×€126,129▲ 115%€174,826▲ 38.6%€199,618▲ 14.2%
Working capital€959-€52,568within the sector's middle half▲ 55×€32,999within the sector's middle half▼ 37.2%€17,068within the sector's middle half▼ 48.3%-€3,928below the sector's middle half
Solvency47.2%within the sector's middle half29.4%within the sector's middle half▼ 17.8pp12.2%below the sector's middle half▼ 17.3pp2.8%below the sector's middle half▼ 9.4pp
Current ratio1.90within the sector's middle half1.32within the sector's middle half▼ 0.581.12within the sector's middle half▼ 0.200.97below the sector's middle half▼ 0.16
Return on assets (ROA)46.4%above the sector's middle half0.1%below the sector's middle half▼ 46.3pp-14.2%below the sector's middle half▼ 14.3pp-9.0%below the sector's middle half▲ 5.2pp
above
within
below
the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €205,324
Fixed assets
€89,618 ▲ 111%
Current assets
€115,706 ▼ 26.1%
Equity and liabilities €205,324
Equity
€5,706 ▼ 76.4%
Debt
€199,618 ▲ 14.2%
Debt's share of the balance-sheet total rises from 87.8% to 97.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16,372▲
2022 · -€8,601
Cash flow
€9,006▲
2022 · -€16,081
Quick ratio
0.79▼
2022 · 0.97
Debt to equity
34.99▲
2022 · 7.22
ROE
-324.5%▼
2022 · -117.1%
Interest coverage
2.26▲
2022 · -1.18
Debt ≤ 1 year
€119,634▼
2022 · €139,520
Debt > 1 year
€79,984▲
2022 · €35,306
Income taxes
€132▼
2022 · €200
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €6,762 | €12,271 | €27,519 | ▲ 124% |
| Other operating charges640/8 | - | - | €931 | €12,256 | €865 | ▼ 92.9% |
| Gross operating margin9900 | -€991 | €65,152 | €12,516 | €3,656 | €17,237 | ▲ 372% |
| Operating profit (loss)9901 | -€1,041 | €64,963 | €4,824 | -€20,871 | -€11,147 | ▲ 46.6% |
| Financial income75/76B | - | - | €0 | €31 | €2 | ▼ 93.9% |
| Recurring financial income75 | - | €0 | €0 | €31 | €2 | ▼ 93.9% |
| Financial charges65/66B | - | - | €4,512 | €7,311 | €7,236 | ▼ 1.0% |
| Recurring financial charges65 | - | €662 | €4,512 | €7,311 | €7,236 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | -€1,041 | €64,301 | €312 | -€28,152 | -€18,381 | ▲ 34.7% |
| Income taxes67/77 | - | €12,802 | €200 | €200 | €132 | ▼ 34.3% |
| Profit (loss) for the period9904 | -€1,041 | €51,499 | €113 | -€28,352 | -€18,513 | ▲ 34.7% |
| Profit (loss) for the period to be appropriated9905 | -€1,041 | €51,499 | €113 | -€28,352 | -€18,513 | ▲ 34.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,000 | €111,040 | €178,699 | €199,044 | €205,324 | ▲ 3.2% |
| Fixed assets21/28 | - | - | €43,791 | €42,456 | €89,618 | ▲ 111% |
| Tangible fixed assets22/27 | - | - | €43,791 | €42,456 | €89,618 | ▲ 111% |
| Plant, machinery and equipment23 | - | - | €32,429 | €29,261 | €23,272 | ▼ 20.5% |
| Furniture and vehicles24 | - | - | €11,362 | €13,195 | €66,346 | ▲ 403% |
| Current assets29/58 | €2,000 | €111,040 | €134,908 | €156,588 | €115,706 | ▼ 26.1% |
| Stocks and contracts in progress3 | - | - | €53,230 | €21,230 | €21,230 | = |
| Stocks30/36 | - | - | €21,230 | €21,230 | €21,230 | = |
| Contracts in progress37 | - | - | €32,000 | - | - | - |
| Amounts receivable within one year40/41 | - | €95,643 | €73,661 | €124,258 | €94,476 | ▼ 24.0% |
| Trade receivables40 | - | - | €58,760 | €123,508 | €92,451 | ▼ 25.1% |
| Other amounts receivable41 | - | - | €14,901 | €750 | €2,025 | ▲ 170% |
| Cash at bank and in hand54/58 | €2,000 | €13,575 | €7,533 | €10,629 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | €484 | €471 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,000 | €111,040 | €178,699 | €199,044 | €205,324 | ▲ 3.2% |
| Equity10/15 | €959 | €52,457 | €52,570 | €24,218 | €5,706 | ▼ 76.4% |
| Contributions10/11 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€1,041 | €50,457 | €50,570 | €22,218 | €3,706 | ▼ 83.3% |
| Amounts payable17/49 | €1,041 | €58,582 | €126,129 | €174,826 | €199,618 | ▲ 14.2% |
| Amounts payable after more than one year17 | - | - | €24,220 | €35,306 | €79,984 | ▲ 127% |
| Financial debts170/4 | - | - | €24,220 | €35,306 | €79,984 | ▲ 127% |
| Amounts payable within one year42/48 | €1,041 | €58,471 | €101,909 | €139,520 | €119,634 | ▼ 14.3% |
| Current portion of amounts payable after more than one year42 | - | - | €8,328 | €22,812 | €12,881 | ▼ 43.5% |
| Financial debts43 | - | - | €51,350 | €34,830 | €35,173 | ▲ 1.0% |
| Credit institutions430/8 | - | - | €51,350 | €34,830 | €35,173 | ▲ 1.0% |
| Trade debts44 | €1,041 | €45,644 | €41,255 | €52,591 | €61,567 | ▲ 17.1% |
| Suppliers440/4 | - | - | €41,255 | €52,591 | €61,567 | ▲ 17.1% |
| Taxes, remuneration and social security45 | - | - | €976 | €1,883 | €1,311 | ▼ 30.4% |
| Taxes450/3 | - | - | €976 | €1,883 | €1,311 | ▼ 30.4% |
| Other amounts payable47/48 | - | - | - | €27,405 | €8,703 | ▼ 68.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,041 | €51,499 | €113 | -€28,352 | -€18,513 | ▲ 34.7% |
| + Depreciation and write-downs630 | - | - | €6,762 | €12,271 | €27,519 | ▲ 124% |
| Operating cash flow (approximation) | -€1,041 | €51,499 | €6,874 | -€16,081 | €9,006 | - |
| Investment in fixed assets (approximation) | - | - | - | -€10,935 | -€74,681 | ▼ 583% |
| Change in cash | - | €11,575 | -€6,042 | €3,096 | -€10,629 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 29-08-2024 | 2024-00391106 |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00208568 |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20193841 |
| 31-12-2020 | micro format | 23-07-2021 | 2021-38400304 |
| 31-12-2019 | micro format | 15-07-2020 | 2020-29800244 |
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Of the 3,952 active companies whose main activity is manufacture of metal structures and parts of structures (NACE 25110), figures are known for 2,170. 558 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
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: 1 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Jacques Arnauts-Smeets Aarschotse- Steenweg 7, 2230 Herselt |
30-09-2025 → present |
| Trustee | Gunther
peeters Aarschotsesteenweg 7, 2230 Herselt |
30-09-2025 → present |
| Interim administrator | Jacques Arnauts-Smeets | 23-09-2025 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
07-10
Bankruptcy
Opening
Enterprise Court of Antwerp, Turnhout division · judgment of 30-09-2025
23-09
Interim measure
Provisional administrator
Enterprise Court of Antwerp · interim administrator: Jacques Arnauts-Smeets
05-02
Gazette deed
Registered officeRegistered-office move2 facts ▸
Gazette deed
Registered office
Registered-office move2 facts ▸
- General meeting, 28-11-2024
- Registered-office move, 2260 Westerlo - Schaapstraat 7
2024
29-08
NBB filing
Annual accounts filed
financial year 2023 · micro format · 29 days late
2023
06-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial
Weakest financial yearnet -€28,352
Net result drops to -€28,352, the lowest in the series.
18-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
23-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Back to profitnet €51,499
Net result €51,499 after one loss-making year.
15-07
NBB filing
Annual accounts filed
financial year 2019 · micro format
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded27-12-2019
Financial year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740547191
Also
9925:BE0740547191
Registered
24-10-2024
The company is no longer active; its listing in the Peppol Directory can remain until its access point withdraws it.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 2019
Ground area
419 m²
Building footprint
63 m²
Building volume
119 m³
Parcel 13039B0552/00E000, Flanders · tallest building 6.4 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DL|construct
since 2019unit no. 2.297.479.444
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13039B0552/00E000 | Flanders | 419 m² | 1 · 63 m² | 6.4 m · 1 |
How the parcels are linked
Good to know
The parcel matches the address exactly.