Egoconstruct

Open bankruptcy

Private limited companyfounded 2008KBO/BCE: BE 0897.631.763

A bankruptcy procedure is open for Egoconstruct according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €226k and a net result of €149k.

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Signals

Three signals.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2021, micro schema

Turnover

€479k▲ 86.4%

2020 · €257k

2020: €257k

2020 → 2021

EBIT margin

31.4%▲ 10.9pp

2020 · 20.4%

2020: 20.4%

2020 → 2021

Net result

€149k▲ 303%

2020 · €37k

2018: €5k 2019: €10k 2020: €37k

2018 → 2021

Working capital

€216k▲ 185%

2020 · €76k

2018: €29k 2019: €40k 2020: €76k

2018 → 2021

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2018201920202021Trend

Turnover€257k€479k▲ 86.4%

Equity€29k-€40k▲ 37.9%€77k▲ 92.7%€226k▲ 194%

Operating result€10k-€14k▲ 41.3%€53k▲ 270%€150k▲ 186%

Net result€5k-€10k▲ 94.1%€37k▲ 279%€149k▲ 303%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen three years in a row; 2021 is 186% above 2020 and is the highest result in the available series.

Balance-sheet composition

2021 in colour, 2020 as the grey bar beneath

Assets €374k

91.0%

Fixed assets €34k▲ 120%

Current assets €341k▲ 90.2%

Equity and liabilities €374k

60.4%

39.6%

Equity €226k▲ 194%

Debt €148k▲ 26.3%

The debt ratio falls from 60.4% to 39.6%. Equity and debt are higher.

Key figures and ratios

2021 value · change against 2020

EBITDA

€154k▲

2020 · €54k

Cash flow

€153k▲

2020 · €39k

Solvency

60.4%▲

2020 · 39.6%

Current ratio

2.74▲

2020 · 1.73

Quick ratio

2.74▲

2020 · 1.73

Debt / equity

0.66▲

2020 · 0.18

ROE

65.9%▲

2020 · 48.1%

ROA

39.8%▲

2020 · 19.1%

Interest coverage

136.78

Debt

€148k▲

2020 · €117k

Debt ≤ 1 year

€124k▲

2020 · €103k

Debt > 1 year

€24k▲

2020 · €14k

Staff costs

€18k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2021 against 2020

Balance sheet Code20202021

Assets

Total assets20/58€194k€374k▲

Fixed assets21/28€15k€34k▲

Tangible fixed assets22/27€15k€34k▲

Furniture and vehicles24-€34k

Financial fixed assets28€175€175=

Current assets29/58€179k€341k▲

Amounts receivable within one year40/41€150k€279k▲

Trade receivables40-€225k

Other amounts receivable41-€53k

Cash at bank and in hand54/58€29k€62k▲

Deferred charges and accrued income490/1-€153

Equity and liabilities

Total equity and liabilities10/49€194k€374k▲

Equity10/15€77k€226k▲

Contributions10/11€12k€12k=

Capital10-€12k

Issued capital100-€19k

Uncalled capital101-€6k

Reserves13€8k€8k=

Non-distributable reserves130/1-€2k

Legal reserve130-€2k

Distributable reserves133-€6k

Profit (loss) carried forward14€56k€206k▲

Amounts payable17/49€117k€148k▲

Amounts payable after more than one year17€14k€24k▲

Financial debts170/4-€24k

Amounts payable within one year42/48€103k€124k▲

Current portion of amounts payable after more than one year42-€17k

Financial debts43-€8k

Credit institutions430/8-€8k

Trade debts44€46k€80k▲

Suppliers440/4-€80k

Taxes, remuneration and social security45-€19k

Taxes450/3-€12k

Remuneration and social security454/9-€7k

Income statement Code20202021

Turnover70€257k€479k▲

Non-recurring operating income76A-€13k

Goods, raw materials, services and sundry goods60/61-€311k

Remuneration, social security and pensions62-€18k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲

Other operating charges640/8-€5k

Non-recurring operating charges66A-€4k

Gross operating margin9900€57k€181k▲

Operating profit (loss)9901€53k€150k▲

Recurring financial income75€59-

Financial charges65/66B-€1k

Recurring financial charges65€1k€1k▼

Profit (loss) for the period before taxes9903€51k€149k▲

Income taxes67/77€14k-

Profit (loss) for the period9904€37k€149k▲

Profit (loss) for the period to be appropriated9905€37k€149k▲

Appropriation of the result

Profit (loss) to be appropriated9906-€206k

Profit (loss) brought forward from the previous period14P-€56k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Signals 1Financial 2Filings 10

2024

05-01

Bankruptcy Opening

Ondernemingsrechtbank Leuven · EGOCONSTRUCT BV MARTE- LARENPLEIN 20 E, 3000 LEUVEN · event 28-12-2023

2023

31-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 276 days late

2021

30-09

Financial Highest result since 2018net €149k ▲303%

Operating result €150k, net result €149k, both a record.

30-09

Financial Equity above €200kEq €226k ▲194%

4 profitable years in a row build equity to €226k.

03-03

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

30-04

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

26-11

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 210 days late

2018

02-05

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 2 days late

2016

15-09

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 138 days late

2015

29-05

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 29 days late

2014

28-05

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema · 28 days late

2013

30-04

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema

2012

06-04

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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

1 establishment unit since 2008

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ground area

4.6 ha

Building footprint

1,320 m²

Volume, LiDAR

18,517 m³

Parcel 24062H0036/00L013, Flanders · tallest building 22.3 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

egoconstruct

Manufacture of electrical equipment

since 20082.170.806.451

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24062H0036/00L013 ProtectedMonument · Townscape or village viewMartelarenplein en omgevingSource ↗	Flanders	4.6 ha	1 · 1,320 m²	22.3 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel 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 (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	WIM BOLLEN STEENWEG OP ST-JORIS-WINGE 21, 3200 AARSCHOT	28-12-2023 → present
Curator	THOMAS VANDENDRIES STEENWEG OP ST-JORIS-WINGE 21, 3200 AARSCHOT	28-12-2023 → present