FINE CONSTRUCT
InactiveFINE CONSTRUCT was declared bankrupt on 01-12-2022 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed by liquidation by judgment of 19-11-2024, published in the Belgian State Gazette on 25-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
81 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 56 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€3,893▲ 1,140%
2019 · €314
Total assets
€95,753▲ 22.0%
2019 · €78,468
Net result
€3,580▼ 62.7%
2019 · €9,593
Working capital
€53,787▲ 32.9%
2019 · €40,457
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
Line201820192020
Operating result€10,863-€12,486▲ 14.9%€5,020▼ 59.8%
Net result€5,290-€9,593▲ 81.3%€3,580▼ 62.7%
Equity-€9,279-€314€3,893▲ 1,140%
Total assets€101,689-€78,468▼ 22.8%€95,753▲ 22.0%
Debt€110,968-€78,154▼ 29.6%€91,859▲ 17.5%
Working capital€29,203-€40,457▲ 38.5%€53,787▲ 32.9%
Staff (FTE)2.6-0.9▼ 65.4%0.2▼ 77.8%
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 2020; 2020 is 60% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €95,753
Fixed assets
€8,899 ▲ 1.6%
Current assets
€86,853 ▲ 24.6%
Equity and liabilities €95,753
Equity
€3,893 ▲ 1,140%
Debt
€91,859 ▲ 17.5%
Debt's share of the balance-sheet total falls from 99.6% to 95.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8,784▼
2019 · €16,911
Cash flow
€7,344▼
2019 · €14,018
Current ratio
2.63▲
2019 · 2.38
Quick ratio
2.45▲
2019 · 2.07
Debt to equity
14.84
ROE
91.9%
ROA
3.7%▼
2019 · 12.2%
Debt ≤ 1 year
€33,066▲
2019 · €29,255
Debt > 1 year
€57,770▲
2019 · €48,899
Income taxes
€1,016▼
2019 · €2,647
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,790 | €4,425 | €3,764 | ▼ 14.9% |
| Gross operating margin9900 | €99,243 | €45,134 | €13,650 | ▼ 69.8% |
| Operating profit (loss)9901 | €10,863 | €12,486 | €5,020 | ▼ 59.8% |
| Recurring financial income75 | €1 | €11 | €9 | ▼ 20.7% |
| Recurring financial charges65 | €2,994 | €257 | €172 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €7,870 | €12,240 | €4,596 | ▼ 62.5% |
| Income taxes67/77 | €2,580 | €2,647 | €1,016 | ▼ 61.6% |
| Profit (loss) for the period9904 | €5,290 | €9,593 | €3,580 | ▼ 62.7% |
| Profit (loss) for the period to be appropriated9905 | €5,290 | €9,593 | €3,580 | ▼ 62.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €101,689 | €78,468 | €95,753 | ▲ 22.0% |
| Fixed assets21/28 | €9,421 | €8,756 | €8,899 | ▲ 1.6% |
| Intangible fixed assets21 | - | €879 | €660 | ▼ 25.0% |
| Tangible fixed assets22/27 | €9,421 | €7,876 | €8,240 | ▲ 4.6% |
| Current assets29/58 | €92,268 | €69,712 | €86,853 | ▲ 24.6% |
| Stocks and contracts in progress3 | - | €9,055 | €5,843 | ▼ 35.5% |
| Amounts receivable within one year40/41 | €74,578 | €50,984 | €72,495 | ▲ 42.2% |
| Cash at bank and in hand54/58 | €15,119 | €6,251 | €4,976 | ▼ 20.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €101,689 | €78,468 | €95,753 | ▲ 22.0% |
| Equity10/15 | -€9,279 | €314 | €3,893 | ▲ 1,140% |
| Contributions10/11 | €18,592 | €18,592 | - | - |
| Reserves13 | €41,129 | €50,722 | €50,722 | = |
| Profit (loss) carried forward14 | -€69,000 | -€69,000 | -€65,420 | ▲ 5.2% |
| Amounts payable17/49 | €110,968 | €78,154 | €91,859 | ▲ 17.5% |
| Amounts payable after more than one year17 | €47,903 | €48,899 | €57,770 | ▲ 18.1% |
| Amounts payable within one year42/48 | €63,064 | €29,255 | €33,066 | ▲ 13.0% |
| Trade debts44 | €40,369 | €17,681 | €24,782 | ▲ 40.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,290 | €9,593 | €3,580 | ▼ 62.7% |
| + Depreciation and write-downs630 | €7,790 | €4,425 | €3,764 | ▼ 14.9% |
| Operating cash flow (approximation) | €13,080 | €14,018 | €7,344 | ▼ 47.6% |
| Investment in fixed assets (approximation) | - | -€3,760 | -€3,908 | ▼ 3.9% |
| Change in cash | - | -€8,868 | -€1,275 | ▲ 85.6% |
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
2024
25-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 19-11-2024
2022
07-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 01-12-2022
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €3,580 ▼62.7%
Net result drops to €3,580, the lowest in the series.
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
31-12
Financial
Highest result since 2018net €9,593 ▲81.3%
Operating result €12,486, net result €9,593, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
18-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 202 days late
2013
05-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
19-06
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.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THEO MACOURS EERSELS 56, 3980 TESSENDERLO- |
01-12-2022 → 19-11-2024 |