ELTHY CONSTRUCT
Open bankruptcyAre 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 Antwerp, Antwerp division
- Declared bankrupt
- 2 November 2023
- Supervising judge
- Daniel Servaty
- Official Gazette
- 08-11-2023 (pdf) ↗search the document for 2023/142315
Deadlines
- Provisional date payments stopped
- 2 November 2023A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 23 November 2023Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol until
- passed on 2 December 2023art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 29 December 2023Reclaim 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 2 November 2024A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Nathalie VermeerschPlantinkaai 10/21, 2000 Antwerpen 1nv@vermeerschdepaep.be
What to do now
- Stop delivering on credit unless the trustee agrees.
- 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 trustee's reports appear there.
These deadlines 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 ↗
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
Embed in an article
Writing about this bankruptcy? Put the card of ELTHY CONSTRUCT in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Overview
Activity
Floor and wall tiling
NACE 43331
1 site
Size
€92,055total assets 2022
- Staff
- 1.5 FTE
- Equity
- -€12,209
- Loss
- -€36,394
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
0 of 2 deeds read
Signalsraises riskOpen bankruptcyneutralFiled after the deadlineShow the evidence
Signals
Two signals.
raises riskneutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 07-10-2023, 68 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2022
68 days late
2021
96 days late
2020
84 days late
2019
136 days late
2018
24 days late
2017
52 days late
2016
54 days late
← 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 73 days after the deadline; the sector median (NACE 43) for financial year 2022 is 1 day before the deadline, and 46% of those companies filed late.
Searched, nothing found (1)
- OpeningEnterprise Court of Antwerp, Antwerp…
- Annual accounts filedfinancial year 2022 · micro…
- Weakest financial yearnet -€36,394
Financials · financial year 2022, micro format
Equity
-€12,209
2021 · €24,185
Total assets
€92,055▲ 24.1%
2021 · €74,185
Net result
-€36,394
2021 · €12,945
Working capital
-€11,598
2021 · €24,796
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result turns negative in 2022: a loss of €21,694 after €14,452 in 2021, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€21,694
2022
Net result-€36,394
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€92,055
2022
Equity-€12,209
2022
Debt€104,264
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€11,598
2022
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)-39.5%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-13.3%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.89
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)1.5
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€9,305-€4,184▼ 55.0%-€2,671€14,452-€21,694
Net result€2,020-€1,283▼ 36.5%-€25,820below the sector's middle half€12,945within the sector's middle half-€36,394below the sector's middle half
Equity€35,776-€37,060▲ 3.6%€11,240below the sector's middle half▼ 69.7%€24,185within the sector's middle half▲ 115%-€12,209below the sector's middle half
Total assets€152,170-€86,382▼ 43.2%€56,691below the sector's middle half▼ 34.4%€74,185within the sector's middle half▲ 30.9%€92,055within the sector's middle half▲ 24.1%
Debt€116,393-€49,323▼ 57.6%€45,452▼ 7.8%€50,000▲ 10.0%€104,264▲ 109%
Working capital€33,012-€35,784▲ 8.4%€11,850within the sector's middle half▼ 66.9%€24,796within the sector's middle half▲ 109%-€11,598below the sector's middle half
Solvency23.5%-42.9%▲ 19.4pp19.8%below the sector's middle half▼ 23.1pp32.6%within the sector's middle half▲ 12.8pp-13.3%below the sector's middle half▼ 45.9pp
Current ratio1.28-1.73▲ 0.441.26within the sector's middle half▼ 0.461.50within the sector's middle half▲ 0.240.89below the sector's middle half▼ 0.61
Return on assets (ROA)1.3%-1.5%▲ 0.2pp-45.5%below the sector's middle half▼ 47.0pp17.4%above the sector's middle half▲ 63.0pp-39.5%below the sector's middle half▼ 57.0pp
Staff (FTE)2.9-2.6▼ 10.3%1.4within the sector's middle half▼ 46.2%1.7▲ 21.4%1.5▼ 11.8%
above
within
below
the middle half of NACE 43, Specialised construction activities: 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.
Key figures and ratios
Quick ratio
0.73▼
2021 · 1.19
Debt ≤ 1 year
€103,653▲
2021 · €49,389
Debt > 1 year
€611=
2021 · €611
Income taxes
€102▲
2021 · €99
Staff costs
€51,276▼
2021 · €53,749
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €53,749 | €51,276 | ▼ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,488 | €1,488 | €1,488 | - | - | - |
| Other operating charges640/8 | - | - | - | €971 | €412 | ▼ 57.6% |
| Gross operating margin9900 | €78,690 | €19,360 | €28,221 | €69,172 | €29,994 | ▼ 56.6% |
| Operating profit (loss)9901 | €9,305 | €4,184 | -€2,671 | €14,452 | -€21,694 | ▼ 250% |
| Financial income75/76B | - | - | - | €26 | €14 | ▼ 46.4% |
| Recurring financial income75 | €5,028 | €0 | €84 | €26 | €14 | ▼ 46.4% |
| Financial charges65/66B | - | - | - | €1,433 | €14,612 | ▲ 920% |
| Recurring financial charges65 | €10,695 | €1,425 | €83 | €1,433 | €14,612 | ▲ 920% |
| Profit (loss) for the period before taxes9903 | €3,638 | €2,759 | -€25,721 | €13,045 | -€36,292 | ▼ 378% |
| Income taxes67/77 | €1,618 | €1,476 | €99 | €99 | €102 | ▲ 2.2% |
| Profit (loss) for the period9904 | €2,020 | €1,283 | -€25,820 | €12,945 | -€36,394 | ▼ 381% |
| Profit (loss) for the period to be appropriated9905 | €2,020 | €1,283 | -€25,820 | €12,945 | -€36,394 | ▼ 381% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152,170 | €86,382 | €56,691 | €74,185 | €92,055 | ▲ 24.1% |
| Fixed assets21/28 | €2,976 | €1,488 | - | - | - | - |
| Tangible fixed assets22/27 | €2,976 | €1,488 | - | - | - | - |
| Current assets29/58 | €149,194 | €84,895 | €56,691 | €74,185 | €92,055 | ▲ 24.1% |
| Stocks and contracts in progress3 | €12,501 | €12,336 | €12,381 | €15,333 | €16,629 | ▲ 8.5% |
| Stocks30/36 | - | - | - | €11,650 | €11,892 | ▲ 2.1% |
| Contracts in progress37 | - | - | - | €3,682 | €4,737 | ▲ 28.6% |
| Amounts receivable within one year40/41 | €91,858 | €63,375 | €32,295 | €49,304 | €69,539 | ▲ 41.0% |
| Trade receivables40 | - | - | - | €20,289 | €26,195 | ▲ 29.1% |
| Other amounts receivable41 | - | - | - | €29,016 | €43,344 | ▲ 49.4% |
| Cash at bank and in hand54/58 | €30,535 | €1,907 | €4,839 | €9,548 | €5,887 | ▼ 38.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152,170 | €86,382 | €56,691 | €74,185 | €92,055 | ▲ 24.1% |
| Equity10/15 | €35,776 | €37,060 | €11,240 | €24,185 | -€12,209 | ▼ 150% |
| Contributions10/11 | €13,200 | €13,200 | €13,200 | €13,200 | €13,200 | = |
| Reserves13 | €11,860 | €11,860 | €11,860 | €11,860 | €11,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €10,716 | €12,000 | -€13,820 | -€875 | -€37,269 | ▼ 4,158% |
| Amounts payable17/49 | €116,393 | €49,323 | €45,452 | €50,000 | €104,264 | ▲ 109% |
| Amounts payable after more than one year17 | €212 | €212 | €611 | €611 | €611 | = |
| Other amounts payable178/9 | - | - | - | €611 | €611 | = |
| Amounts payable within one year42/48 | €116,182 | €49,111 | €44,841 | €49,389 | €103,653 | ▲ 110% |
| Financial debts43 | - | - | - | - | €12 | - |
| Credit institutions430/8 | - | - | - | - | €12 | - |
| Trade debts44 | €113,287 | €47,440 | €43,266 | €48,178 | €99,976 | ▲ 108% |
| Suppliers440/4 | - | - | - | €48,178 | €99,976 | ▲ 108% |
| Taxes, remuneration and social security45 | - | - | - | €1,211 | €102 | ▼ 91.6% |
| Taxes450/3 | - | - | - | €99 | €102 | ▲ 2.2% |
| Remuneration and social security454/9 | - | - | - | €1,112 | - | - |
| Other amounts payable47/48 | - | - | - | - | €3,563 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,020 | €1,283 | -€25,820 | €12,945 | -€36,394 | ▼ 381% |
| + Depreciation and write-downs630 | €1,488 | €1,488 | €1,488 | - | - | - |
| Operating cash flow (approximation) | €3,508 | €2,771 | -€24,332 | €12,945 | -€36,394 | ▼ 381% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€28,628 | €2,932 | €4,709 | -€3,661 | ▼ 178% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector and region
DIMITRI DE RYCKX
BE 0750.655.680
Schoten
H3 RENOVATIE
BE 1016.894.649
Schoten
TVG projects
BE 0757.878.816
Schoten
ALGEMEEN MORTSELS TEGELBEDRIJF
BE 0424.876.232
Lint
ALGEMENE MARMER EN RENOVATIEWERKEN
BE 0434.707.082
Lille
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 3,894 companies in this sector, figures are known for 1,799. See the whole sector
Public contracts: not fully processed yet. The notices from June 2023 to September 2026 are still being read.
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 | NATHALIE VERMEERSCH Plantinkaai 10/21, 2000 Antwerpen 1 |
02-11-2023 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2023
08-11
Bankruptcy
Opening
Enterprise Court of Antwerp, Antwerp division · judgment of 02-11-2023
07-10
NBB filing
Annual accounts filed
financial year 2022 · micro format · 68 days late
2022
31-12
Financial
Weakest financial yearnet -€36,394
Net result drops to -€36,394, the lowest in the series.
04-11
NBB filing
Annual accounts filed
financial year 2021 · micro format · 96 days late
2021
31-12
Financial
Back to profitnet €12,945
Net result €12,945 after one loss-making year.
23-10
NBB filing
Annual accounts filed
financial year 2020 · micro format · 84 days late
2020
14-12
NBB filing
Annual accounts filed
financial year 2019 · micro format · 136 days late
2019
24-08
NBB filing
Annual accounts filed
financial year 2018 · micro format · 24 days late
2018
21-09
NBB filing
Annual accounts filed
financial year 2017 · micro format · 52 days late
2017
23-09
NBB filing
Annual accounts filed
financial year 2016 · micro format · 54 days late
2016
29-09
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 60 days late
2015
30-09
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 61 days late
2014
30-10
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format · 91 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 11 annual accounts filed, the latest 10 are here; all are under Financials.
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.
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded23-01-2012
Financial year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43422Screed work
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 11 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, Schoten · 1 establishment unit since 2012
Ground area
1,145 m²
Building footprint
180 m²
Parcel 11040A0032/00F065, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Molenbaan 186, 2900 Schoten
since 2012unit no. 2.209.183.215
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11040A0032/00F065 | Flanders | 1,145 m² | 1 · 180 m² | - |
How the parcels are linked
Good to know
The parcel matches the address exactly.