E.B. CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for E.B. CONSTRUCT according to publications in the Belgian State Gazette; curator: CAROLINE DE LEPELEIRE.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 10-10-2023, 71 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
71 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€70k▲ 11,779%
2021 · €588
2021: €588
2022: €70k▲ +11779% vs 2021
2021 → 2022
Total assets
€108k▲ 980%
2021 · €10k
2021: €10k
2022: €108k▲ +980% vs 2021
2021 → 2022
Net result
€69k
2021 · €-1k
2021: €-1k
2022: €69k▲ +5006% vs 2021
2021 → 2022
Working capital
€63k▲ 7,939%
2021 · €778
2021: €778
2022: €63k▲ +7939% vs 2021
2021 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Equity€588-€70k▲ 11,779%
2021: €588
2022: €70k▲ +11779% vs 2021
Operating result€-1k-€93k
2021: €-1k
2022: €93k▲ +6635% vs 2021
Net result€-1k-€69k
2021: €-1k
2022: €69k▲ +5006% 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 returns to profit in 2022: €93k after a loss of €1k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €108k
Fixed assets
€7k
Current assets
€101k
Equity and liabilities €108k
Equity
€70k ▲ 11,779%
Debt
€38k ▲ 304%
Debt's share of the balance-sheet total falls from 94.1% to 35.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€94k
Cash flow
€70k
Current ratio
2.65▲
2021 · 1.08
Debt to equity
0.54
ROE
99.2%
ROA
64.2%▲
2021 · -14.1%
Interest coverage
546.57
Debt ≤ 1 year
€38k▲
2021 · €9k
Income taxes
€25k
Staff costs
€7k
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 · 40 lines
Balance sheet
Code20212022
Assets
Total assets20/58€10k€108k▲
Fixed assets21/28-€7k
Tangible fixed assets22/27-€7k
Plant, machinery and equipment23-€3k
Furniture and vehicles24-€4k
Current assets29/58€10k€101k▲
Amounts receivable within one year40/41€7k€55k▲
Trade receivables40€3k€23k▲
Other amounts receivable41€3k€31k▲
Cash at bank and in hand54/58€3k€46k▲
Deferred charges and accrued income490/1€187-
Equity and liabilities
Total equity and liabilities10/49€10k€108k▲
Equity10/15€588€70k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-1k€68k▲
Amounts payable17/49€9k€38k▲
Amounts payable within one year42/48€9k€38k▲
Trade debts44€2k€11k▲
Suppliers440/4€2k€11k▲
Advances received on contracts in progress46€5k-
Taxes, remuneration and social security45€15€25k▲
Taxes450/3€15€25k▲
Remuneration and social security454/9-€689
Other amounts payable47/48€2k€2k=
Accrued charges and deferred income492/3€190-
Income statement
Code20212022
Remuneration, social security and pensions62-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€815
Other operating charges640/8€157€763▲
Gross operating margin9900€-1k€102k▲
Operating profit (loss)9901€-1k€93k▲
Financial income75/76B€14€835▲
Recurring financial income75€14€835▲
Financial charges65/66B-€172
Recurring financial charges65-€172
Profit (loss) for the period before taxes9903€-1k€94k▲
Income taxes67/77-€25k
Profit (loss) for the period9904€-1k€69k▲
Profit (loss) for the period to be appropriated9905€-1k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€68k▲
Profit (loss) brought forward from the previous period14P-€-1k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €7k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €815 | - |
| Other operating charges640/8 | €157 | €763 | ▲ 385% |
| Gross operating margin9900 | €-1k | €102k | ▲ 8,116% |
| Operating profit (loss)9901 | €-1k | €93k | ▲ 6,635% |
| Financial income75/76B | €14 | €835 | ▲ 5,848% |
| Recurring financial income75 | €14 | €835 | ▲ 5,848% |
| Financial charges65/66B | - | €172 | - |
| Recurring financial charges65 | - | €172 | - |
| Profit (loss) for the period before taxes9903 | €-1k | €94k | ▲ 6,747% |
| Income taxes67/77 | - | €25k | - |
| Profit (loss) for the period9904 | €-1k | €69k | ▲ 5,006% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €69k | ▲ 5,006% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €10k | €108k | ▲ 980% |
| Fixed assets21/28 | - | €7k | - |
| Tangible fixed assets22/27 | - | €7k | - |
| Plant, machinery and equipment23 | - | €3k | - |
| Furniture and vehicles24 | - | €4k | - |
| Current assets29/58 | €10k | €101k | ▲ 907% |
| Amounts receivable within one year40/41 | €7k | €55k | ▲ 719% |
| Trade receivables40 | €3k | €23k | ▲ 579% |
| Other amounts receivable41 | €3k | €31k | ▲ 869% |
| Cash at bank and in hand54/58 | €3k | €46k | ▲ 1,371% |
| Deferred charges and accrued income490/1 | €187 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €10k | €108k | ▲ 980% |
| Equity10/15 | €588 | €70k | ▲ 11,779% |
| Contributions10/11 | €2k | €2k | = |
| Profit (loss) carried forward14 | €-1k | €68k | ▲ 4,906% |
| Amounts payable17/49 | €9k | €38k | ▲ 304% |
| Amounts payable within one year42/48 | €9k | €38k | ▲ 313% |
| Trade debts44 | €2k | €11k | ▲ 407% |
| Suppliers440/4 | €2k | €11k | ▲ 407% |
| Advances received on contracts in progress46 | €5k | - | - |
| Taxes, remuneration and social security45 | €15 | €25k | ▲ 174,435% |
| Taxes450/3 | €15 | €25k | ▲ 169,690% |
| Remuneration and social security454/9 | - | €689 | - |
| Other amounts payable47/48 | €2k | €2k | = |
| Accrued charges and deferred income492/3 | €190 | - | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €69k | ▲ 5,006% |
| + Depreciation and write-downs630 | - | €815 | - |
| Operating cash flow (approximation) | €-1k | €70k | ▲ 5,064% |
| Change in cash | - | €43k | - |
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
14-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 08-10-2024
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.65
Current ratio from 1.08 to 2.65.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CAROLINE DE LEPELEIRE KUNSTLAAN 24/9A,
1000 BRUSSEL 1 |
08-10-2024 → present |