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FIJN CONSTRUCT

Open bankruptcy
Private limited companyfounded 2022Klein-Antwerpenstraat 111, 9280 Lebbeke, BelgiumKBO/BCE: BE 0780.446.459

A bankruptcy procedure is open for FIJN CONSTRUCT according to publications in the Belgian Official Gazette; trustee: Marianne Macharis.

Summary

The 2023 annual accounts show equity of €48,012 and a net result of €17,253.

FIJN CONSTRUCTOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
Enterprise Court of Ghent, Dendermonde division
Declared bankrupt
17 February 2025
Supervising judge
Harry Cornelis
Official Gazette
21-02-2025 (pdf) ↗search the document for 2025/107529

Deadlines

Provisional date payments stopped
14 February 2025Payments and security you received since that day can in some cases be challenged by the trustee. A later judgment can change the date.art. XX.105, XX.111 and XX.112, Code of Economic Law
Appeal or third-party opposition until
passed on 8 March 2025Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 19 March 2025art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 28 March 2025Reclaim 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 17 February 2026A 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

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file 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

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Overview

Activity
Other building finishing work
NACE 43350
1 site
Size
€455,551total assets 2023
Equity
€48,012
Profit
€17,253
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
1 deed in the Belgian Official Gazette
Signalsraises riskOpen bankruptcy2023 accounts filed 19 days lateShow the evidence

Signals

Two signals.
raises risk
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
raises risk · 2023 accounts filed 19 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2023
19 days late
2022
17 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 18 days after the deadline; the sector median (NACE 43) for financial year 2023 is 1 day before the deadline, and 44% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. OpeningEnterprise Court of Ghent, Dendermonde…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Annual accounts filedfinancial year 2022 · micro…

Financials · financial year 2023, micro format

2023 annual accounts filed late (19 days) Filed on 19 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00353181.

Equity
€48,012▲ 56.1%
2022 · €30,759
Total assets
€455,551▲ 77.1%
2022 · €257,269
Net result
€17,253▼ 30.3%
2022 · €24,759
Working capital
€15,171▲ 158%
2022 · €5,880
Trend over the years

2022 to 2023, 2 financial years

The operating result falls in 2023; 2023 is 31% below 2022.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€23,990 2023 Net result€17,253 2023

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).

Every figure with its change against the financial year before
favourable unfavourable
Line20222023
Operating result€34,869-€23,990▼ 31.2%
Net result€24,759within the sector's middle half-€17,253within the sector's middle half▼ 30.3%
Equity€30,759within the sector's middle half-€48,012within the sector's middle half▲ 56.1%
Total assets€257,269within the sector's middle half-€455,551above the sector's middle half▲ 77.1%
Debt€226,511-€407,539▲ 79.9%
Working capital€5,880within the sector's middle half-€15,171within the sector's middle half▲ 158%
Solvency12.0%below the sector's middle half-10.5%below the sector's middle half▼ 1.4pp
Current ratio1.03below the sector's middle half-1.04below the sector's middle half▲ 0.01
Return on assets (ROA)9.6%within the sector's middle half-3.8%within the sector's middle half▼ 5.8pp
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.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €455,551
Fixed assets €36,814 ▲ 8.6%
Current assets €418,737 ▲ 87.5%
Equity and liabilities €455,551
Equity €48,012 ▲ 56.1%
Debt €407,539 ▲ 79.9%
Debt's share of the balance-sheet total rises from 88.0% to 89.5%. Equity and debt are higher.
Key figures and ratios
2023 value · change against 2022
EBITDA
€33,682▼
2022 · €40,592
Cash flow
€26,945▼
2022 · €30,482
Quick ratio
0.53▼
2022 · 0.66
Debt to equity
8.49▲
2022 · 7.36
ROE
35.9%▼
2022 · 80.5%
Interest coverage
22.94▲
2022 · 8.71
Debt ≤ 1 year
€403,566▲
2022 · €217,484
Debt > 1 year
€3,973▼
2022 · €7,107
Income taxes
€5,503▼
2022 · €6,312
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 51 lines
Balance sheet Code20222023
Assets
Total assets20/58€257,269€455,551▲
Fixed assets21/28€33,906€36,814▲
Intangible fixed assets21€8,110€6,110▼
Tangible fixed assets22/27€25,797€30,705▲
Plant, machinery and equipment23€1,079€11,688▲
Furniture and vehicles24€24,717€19,017▼
Current assets29/58€223,363€418,737▲
Amounts receivable after more than one year29€20,000€10,000▼
Other amounts receivable291€20,000€10,000▼
Stocks and contracts in progress3€80,169€206,406▲
Stocks30/36€1,000€1,000=
Contracts in progress37€79,169€205,406▲
Amounts receivable within one year40/41€93,405€141,444▲
Trade receivables40€90,055€138,270▲
Other amounts receivable41€3,350€3,173▼
Cash at bank and in hand54/58€24,771€57,818▲
Deferred charges and accrued income490/1€5,018€3,069▼
Equity and liabilities
Total equity and liabilities10/49€257,269€455,551▲
Equity10/15€30,759€48,012▲
Contributions10/11€6,000€6,000=
Reserves13€24,759€42,012▲
Distributable reserves133€24,759€42,012▲
Amounts payable17/49€226,511€407,539▲
Amounts payable after more than one year17€7,107€3,973▼
Financial debts170/4€7,107€3,973▼
Amounts payable within one year42/48€217,484€403,566▲
Current portion of amounts payable after more than one year42€3,096€3,134▲
Trade debts44€105,254€169,436▲
Suppliers440/4€105,254€169,436▲
Advances received on contracts in progress46€80,000€214,032▲
Taxes, remuneration and social security45€16,866€16,964▲
Taxes450/3€8,866€16,964▲
Remuneration and social security454/9€8,000€0▼
Other amounts payable47/48€12,267€0▼
Accrued charges and deferred income492/3€1,920€0▼
Income statement Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,723€9,692▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€55,410
Other operating charges640/8€982€3,051▲
Gross operating margin9900€41,574€92,143▲
Operating profit (loss)9901€34,869€23,990▼
Financial income75/76B€860€234▼
Recurring financial income75€860€234▼
Financial charges65/66B€4,658€1,468▼
Recurring financial charges65€4,658€1,468▼
Profit (loss) for the period before taxes9903€31,070€22,756▼
Income taxes67/77€6,312€5,503▼
Profit (loss) for the period9904€24,759€17,253▼
Profit (loss) for the period to be appropriated9905€24,759€17,253▼
Appropriation of the result
Profit (loss) to be appropriated9906€24,759€17,253▼
Transfer to equity691/2€24,759€17,253▼
To other reserves6921€24,759€17,253▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,723€9,692▲ 69.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€55,410-
Other operating charges640/8€982€3,051▲ 211%
Gross operating margin9900€41,574€92,143▲ 122%
Operating profit (loss)9901€34,869€23,990▼ 31.2%
Financial income75/76B€860€234▼ 72.7%
Recurring financial income75€860€234▼ 72.7%
Financial charges65/66B€4,658€1,468▼ 68.5%
Recurring financial charges65€4,658€1,468▼ 68.5%
Profit (loss) for the period before taxes9903€31,070€22,756▼ 26.8%
Income taxes67/77€6,312€5,503▼ 12.8%
Profit (loss) for the period9904€24,759€17,253▼ 30.3%
Profit (loss) for the period to be appropriated9905€24,759€17,253▼ 30.3%
Line20222023Change
Assets
Total assets20/58€257,269€455,551▲ 77.1%
Fixed assets21/28€33,906€36,814▲ 8.6%
Intangible fixed assets21€8,110€6,110▼ 24.7%
Tangible fixed assets22/27€25,797€30,705▲ 19.0%
Plant, machinery and equipment23€1,079€11,688▲ 983%
Furniture and vehicles24€24,717€19,017▼ 23.1%
Current assets29/58€223,363€418,737▲ 87.5%
Amounts receivable after more than one year29€20,000€10,000▼ 50.0%
Other amounts receivable291€20,000€10,000▼ 50.0%
Stocks and contracts in progress3€80,169€206,406▲ 157%
Stocks30/36€1,000€1,000=
Contracts in progress37€79,169€205,406▲ 159%
Amounts receivable within one year40/41€93,405€141,444▲ 51.4%
Trade receivables40€90,055€138,270▲ 53.5%
Other amounts receivable41€3,350€3,173▼ 5.3%
Cash at bank and in hand54/58€24,771€57,818▲ 133%
Deferred charges and accrued income490/1€5,018€3,069▼ 38.8%
Equity and liabilities
Total equity and liabilities10/49€257,269€455,551▲ 77.1%
Equity10/15€30,759€48,012▲ 56.1%
Contributions10/11€6,000€6,000=
Reserves13€24,759€42,012▲ 69.7%
Distributable reserves133€24,759€42,012▲ 69.7%
Amounts payable17/49€226,511€407,539▲ 79.9%
Amounts payable after more than one year17€7,107€3,973▼ 44.1%
Financial debts170/4€7,107€3,973▼ 44.1%
Amounts payable within one year42/48€217,484€403,566▲ 85.6%
Current portion of amounts payable after more than one year42€3,096€3,134▲ 1.2%
Trade debts44€105,254€169,436▲ 61.0%
Suppliers440/4€105,254€169,436▲ 61.0%
Advances received on contracts in progress46€80,000€214,032▲ 168%
Taxes, remuneration and social security45€16,866€16,964▲ 0.6%
Taxes450/3€8,866€16,964▲ 91.3%
Remuneration and social security454/9€8,000€0▼ 100%
Other amounts payable47/48€12,267€0▼ 100%
Accrued charges and deferred income492/3€1,920€0▼ 100%
Line20222023Change
Profit (loss) for the period9904€24,759€17,253▼ 30.3%
+ Depreciation and write-downs630€5,723€9,692▲ 69.3%
Operating cash flow (approximation)€30,482€26,945▼ 11.6%
Investment in fixed assets (approximation)--€12,600-
Change in cash-€33,047-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2023 micro format 19-08-2024 2024-00353181
31-12-2022 micro format 17-08-2023 2023-00335320

Similar companies · same sector, comparable size

Of the 7,258 active companies whose main activity is other building finishing work (NACE 43350), figures are known for 2,388. 2,011 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Marianne Macharis
Koningin Astridlaan 8, 9200 Dendermonde
17-02-2025 → present

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

FIJN CONSTRUCT was incorporated on 14 January 2022 as a private limited company.1 The company has filed 2 sets of annual accounts, the latest for financial year 2023.2 On 17 February 2025 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2023
  3. 3Belgian Official Gazette, 21-02-2025

Acts, filings and financial milestones

2025
21-02
Bankruptcy Opening
Enterprise Court of Ghent, Dendermonde division · judgment of 17-02-2025
2024
19-08
NBB filing Annual accounts filed
financial year 2023 · micro format · 19 days late
2023
17-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 17 days late
SignalNBB filing
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not 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
Founded14-01-2022
Financial year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
41001General construction of residential buildings
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 26 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits

1 application in Flanders since 2023 · 1 granted
Bouwen of herbouwen
Granted on 02-10-2023submitted 16-06-2023authority: Dendermondeproject 2023083007

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Lebbeke · 1 establishment unit since 2022
registered office establishment The establishment unit on the map
Ground area
443 m²
Building footprint
223 m²
Building volume
951 m³
Parcel 42322C0753/00Y003, Flanders · tallest building 10.2 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Fijn Wonen
Klein-Antwerpenstraat 111, 9280 LebbekeOther building finishing work
since 2022unit no. 2.326.683.570
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
42322C0753/00Y003 Flanders 443 m² 1 · 223 m² 10.2 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.