FACIBUILD
Open bankruptcyA bankruptcy procedure is open for FACIBUILD according to publications in the Belgian State Gazette; curator: CHRISTOPHE DEGRYSE.
Summary
The 2017 annual accounts show equity of €68,424 and a net result of €13,844.
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
- Commercial Court of Ghent, Ghent division
- Declared bankrupt
- 23 October 2018
- Supervising judge
- Tom Coorevits
- Official Gazette
- 29-10-2018 (pdf) ↗search the document for 2018/144500
Curator
- Christophe DegryseKortrijksesteenweg 361, 9000 Gentdegryse@c-law.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2017 was due by 30-04-2018 and was filed on 30-03-2018, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The sector median for financial year 2024 is on the deadline day, and 46% 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?Address check Are there other customers at risk in your own list?Debtor check How is the Construction of residential and non-residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2017, abbreviated schema
Equity
€68,424▲ 25.4%
2016 · €54,580
Total assets
€1.2m▲ 211%
2016 · €401,758
Net result
€13,844▲ 176%
2016 · €5,020
Working capital
€28,286▲ 65.5%
2016 · €17,089
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20132014201520162017
Operating result€27,894-€42,440▲ 52.1%-€2,324€19,088€29,163▲ 52.8%
Net result€23,041-€27,424▲ 19.0%-€3,544€5,020€13,844▲ 176%
Equity€13,280-€53,103▲ 300%€49,560▼ 6.7%€54,580▲ 10.1%€68,424▲ 25.4%
Total assets€107,832-€192,335▲ 78.4%€321,511▲ 67.2%€401,758▲ 25.0%€1.2m▲ 211%
Debt€94,553-€139,231▲ 47.3%€271,951▲ 95.3%€347,178▲ 27.7%€1.2m▲ 240%
Working capital-€23,063--€12,130▲ 47.4%-€3,710▲ 69.4%€17,089€28,286▲ 65.5%
Staff (FTE)0.30.8▲ 167%1.6▲ 100%0.4▼ 75.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2015 the operating result has climbed two years in a row; 2017 is 53% above 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €1.2m
Fixed assets
€40,138 ▲ 7.1%
Current assets
€1.2m ▲ 232%
Equity and liabilities €1.2m
Equity
€68,424 ▲ 25.4%
Debt
€1.2m ▲ 240%
Debt's share of the balance-sheet total rises from 86.4% to 94.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45,841▲
2016 · €34,967
Cash flow
€30,522▲
2016 · €20,899
Current ratio
1.02▼
2016 · 1.05
ROE
20.2%▲
2016 · 9.2%
ROA
1.1%▼
2016 · 1.2%
Debt ≤ 1 year
€1.2m▲
2016 · €347,178
Income taxes
€10,626▲
2016 · €8,877
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,227 | €21,597 | €20,078 | €15,879 | €16,678 | ▲ 5.0% |
| Gross operating margin9900 | €45,303 | €73,495 | €73,729 | €152,341 | €49,327 | ▼ 67.6% |
| Operating profit (loss)9901 | €27,894 | €42,440 | -€2,324 | €19,088 | €29,163 | ▲ 52.8% |
| Recurring financial income75 | - | €38 | €20 | €11 | €6 | ▼ 43.1% |
| Recurring financial charges65 | €23 | €85 | €69 | €5,202 | €4,700 | ▼ 9.7% |
| Profit (loss) for the period before taxes9903 | €27,870 | €42,393 | -€2,373 | €13,897 | €24,470 | ▲ 76.1% |
| Income taxes67/77 | €4,829 | €14,969 | €1,171 | €8,877 | €10,626 | ▲ 19.7% |
| Profit (loss) for the period9904 | €23,041 | €27,424 | -€3,544 | €5,020 | €13,844 | ▲ 176% |
| Profit (loss) for the period to be appropriated9905 | €23,041 | €27,424 | -€3,544 | €5,020 | €13,844 | ▲ 176% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,832 | €192,335 | €321,511 | €401,758 | €1.2m | ▲ 211% |
| Fixed assets21/28 | €36,342 | €65,233 | €53,270 | €37,491 | €40,138 | ▲ 7.1% |
| Tangible fixed assets22/27 | €35,700 | €64,541 | €51,928 | €36,049 | €38,696 | ▲ 7.3% |
| Financial fixed assets28 | €642 | €692 | €1,342 | €1,442 | €1,442 | = |
| Current assets29/58 | €71,490 | €127,101 | €268,241 | €364,267 | €1.2m | ▲ 232% |
| Amounts receivable within one year40/41 | €54,012 | €111,010 | €249,407 | €244,301 | €1.1m | ▲ 357% |
| Cash at bank and in hand54/58 | €17,478 | €16,091 | €2,732 | €107,890 | €92,172 | ▼ 14.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,832 | €192,335 | €321,511 | €401,758 | €1.2m | ▲ 211% |
| Equity10/15 | €13,280 | €53,103 | €49,560 | €54,580 | €68,424 | ▲ 25.4% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €5,220 | €32,643 | €29,100 | €34,120 | €47,964 | ▲ 40.6% |
| Amounts payable17/49 | €94,553 | €139,231 | €271,951 | €347,178 | €1.2m | ▲ 240% |
| Amounts payable within one year42/48 | €94,553 | €139,231 | €271,951 | €347,178 | €1.2m | ▲ 240% |
| Trade debts44 | €54,523 | €44,555 | €155,550 | €147,747 | €790,417 | ▲ 435% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,041 | €27,424 | -€3,544 | €5,020 | €13,844 | ▲ 176% |
| + Depreciation and write-downs630 | €17,227 | €21,597 | €20,078 | €15,879 | €16,678 | ▲ 5.0% |
| Operating cash flow (approximation) | €40,267 | €49,021 | €16,534 | €20,899 | €30,522 | ▲ 46.0% |
| Investment in fixed assets (approximation) | - | -€50,489 | -€8,114 | -€100 | -€19,325 | ▼ 19,225% |
| Change in cash | - | -€1,387 | -€13,359 | €105,158 | -€15,718 | ▼ 115% |
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
2018
29-10
Bankruptcy
Opening
Rechtbank van koophandel Gent, afdeling Gent · event 23-10-2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 268 days late
2016
30-09
Financial
Back to profitnet €5,020
Net result €5,020 after one loss-making year.
04-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-09
Financial
Weakest financial yearnet -€3,544
Net result drops to -€3,544, the lowest in the series.
09-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 40 days late
2014
30-09
Financial
Highest result since 2013net €27,424 ▲19%
Operating result €42,440, net result €27,424, both a record.
13-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
21-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
02-03
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
29-03
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
07-04
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
31-03
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Merelbeke-Melle · 1 establishment unit since 2007
Ground area
3,181 m²
Building footprint
1,075 m²
Volume, LiDAR
6,247 m³
Parcel 44412C0098/00E000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Facibuild
since 20072.158.326.214
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412C0098/00E000 | Flanders | 3,181 m² | 1 · 1,075 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE DEGRYSE KORTRIJKSESTEENWEG 361,
9000 GENT |
23-10-2018 → present |
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Of 333 companies in sector 41002 we hold annual accounts for 133. 87 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 (pre-2019)
Founded07-12-2006
Fiscal year end30-09
Activities, NACEBEL 2025
41002Construction of residential and non-residential buildings
Scores and ratios are computed by Checked and are not a credit decision.