FIJN CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for FIJN CONSTRUCT according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €48k and a net result of €17k.
Checked score
Score 2023
Axes · tick = 2022
Profitability100=
Solvency19▼-1
Growth52
Stability0
Credit verdict
No credit on open account
Liquidity tight (current ratio 1.04 against 1.03 in 2022), and 89.5% of the assets are financed with debt.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 33694 sector peers (2023).
NBB · sector comparisonPosition among 33694 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 19-08-2024, 19 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
19 d late
2022
17 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€48k▲ 56.1%
2022 · €31k
2022: €31k
2022 → 2023
Total assets
€456k▲ 77.1%
2022 · €257k
2022: €257k
2022 → 2023
Net result
€17k▼ 30.3%
2022 · €25k
2022: €25k
2022 → 2023
Working capital
€15k▲ 158%
2022 · €6k
2022: €6k
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Equity€31k-€48k▲ 56.1%
Operating result€35k-€24k▼ 31.2%
Net result€25k-€17k▼ 30.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 31% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €456k
Fixed assets
€37k▲ 8.6%
Current assets
€419k▲ 87.5%
Equity and liabilities €456k
Equity
€48k▲ 56.1%
Debt
€408k▲ 79.9%
The debt ratio rises from 88.0% to 89.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€34k▼
2022 · €41k
Cash flow
€27k▼
2022 · €30k
Solvency
10.5%▼
2022 · 12.0%
Current ratio
1.04▲
2022 · 1.03
Quick ratio
0.53▼
2022 · 0.66
Debt / equity
8.49▲
2022 · 7.36
ROE
35.9%▼
2022 · 80.5%
ROA
3.8%▼
2022 · 9.6%
Interest coverage
22.94▲
2022 · 8.71
Debt
€408k▲
2022 · €227k
Debt ≤ 1 year
€404k▲
2022 · €217k
Debt > 1 year
€4k▼
2022 · €7k
Income taxes
€6k▼
2022 · €6k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€257k€456k▲
Fixed assets21/28€34k€37k▲
Intangible fixed assets21€8k€6k▼
Tangible fixed assets22/27€26k€31k▲
Plant, machinery and equipment23€1k€12k▲
Furniture and vehicles24€25k€19k▼
Current assets29/58€223k€419k▲
Amounts receivable after more than one year29€20k€10k▼
Other amounts receivable291€20k€10k▼
Stocks and contracts in progress3€80k€206k▲
Stocks30/36€1k€1k=
Contracts in progress37€79k€205k▲
Amounts receivable within one year40/41€93k€141k▲
Trade receivables40€90k€138k▲
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€25k€58k▲
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€257k€456k▲
Equity10/15€31k€48k▲
Contributions10/11€6k€6k=
Reserves13€25k€42k▲
Distributable reserves133€25k€42k▲
Amounts payable17/49€227k€408k▲
Amounts payable after more than one year17€7k€4k▼
Financial debts170/4€7k€4k▼
Amounts payable within one year42/48€217k€404k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€105k€169k▲
Suppliers440/4€105k€169k▲
Advances received on contracts in progress46€80k€214k▲
Taxes, remuneration and social security45€17k€17k▲
Taxes450/3€9k€17k▲
Remuneration and social security454/9€8k€0▼
Other amounts payable47/48€12k€0▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€10k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€55k
Other operating charges640/8€982€3k▲
Gross operating margin9900€42k€92k▲
Operating profit (loss)9901€35k€24k▼
Financial income75/76B€860€234▼
Recurring financial income75€860€234▼
Financial charges65/66B€5k€1k▼
Recurring financial charges65€5k€1k▼
Profit (loss) for the period before taxes9903€31k€23k▼
Income taxes67/77€6k€6k▼
Profit (loss) for the period9904€25k€17k▼
Profit (loss) for the period to be appropriated9905€25k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€17k▼
Transfer to equity691/2€25k€17k▼
To other reserves6921€25k€17k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · FIJN CONSTRUCT BV KLEIN- ANTWERPENSTRAAT 111, 9280 LEBBEKE · event 17-02-2025
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
SignalNBB filing
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
Registered office, Lebbeke · 1 establishment unit since 2022
Ground area
443 m²
Building footprint
223 m²
Volume, LiDAR
951 m³
Parcel 42322C0753/00Y003, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Fijn Wonen
since 20222.326.683.570
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42322C0753/00Y003 | Flanders | 443 m² | 1 · 223 m² | 10.2 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARIANNE MACHARIS KONINGIN ASTRIDLAAN 8,
9200 DENDERMONDE |
17-02-2025 → present |
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Of 7,238 companies in sector 43350 we hold annual accounts for 2,332. 1,965 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-2022
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.