FLOR CONSTRUCT
InactiveFLOR CONSTRUCT was declared bankrupt on 02-05-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 30-10-2023, published in the Belgian State Gazette on 08-11-2023.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 14-04-2022, 108 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
108 d early
2019
108 d late
2018
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 4 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 2021, micro schema
Equity
-€101,498
2019 · €66,943
Total assets
€137,780▼ 29.5%
2019 · €195,353
Net result
-€186,168
2019 · €21,725
Working capital
-€101,498
2019 · €66,023
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
Line201820192021
Operating result€13,459-€33,406▲ 148%€108-
Net result€9,828-€21,725▲ 121%-€186,168-
Equity€45,218-€66,943▲ 48.0%-€101,498-
Total assets€251,984-€195,353▼ 22.5%€137,780-
Debt€206,765-€128,410▼ 37.9%€239,279-
Working capital€42,105-€66,023▲ 56.8%-€101,498-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €108 in 2021, compared with €33,406 in 2019. Comparable figures for the intervening years are unavailable.
Key figures and ratios
EBITDA
€5,475▼
2019 · €36,427
Cash flow
-€180,801▼
2019 · €24,746
Solvency
-73.7%▼
2019 · 34.3%
Current ratio
0.58▼
2019 · 1.51
Debt to equity
-2.36
ROA
-135.1%▼
2019 · 11.1%
Interest coverage
2.80
Debt ≤ 1 year
€239,279▲
2019 · €128,410
Income taxes
€184,323▲
2019 · €11,674
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,301 | €3,021 | €5,367 | - |
| Other operating charges640/8 | - | - | €3,879 | - |
| Non-recurring operating charges66A | - | - | €12,745 | - |
| Gross operating margin9900 | €19,141 | €38,520 | €22,099 | - |
| Operating profit (loss)9901 | €13,459 | €33,406 | €108 | - |
| Financial charges65/66B | - | - | €1,954 | - |
| Recurring financial charges65 | €125 | €7 | €1,954 | - |
| Profit (loss) for the period before taxes9903 | €13,334 | €33,399 | -€1,845 | - |
| Income taxes67/77 | €3,506 | €11,674 | €184,323 | - |
| Profit (loss) for the period9904 | €9,828 | €21,725 | -€186,168 | - |
| Profit (loss) for the period to be appropriated9905 | €9,828 | €21,725 | -€186,168 | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €251,984 | €195,353 | €137,780 | - |
| Fixed assets21/28 | €3,113 | €920 | - | - |
| Tangible fixed assets22/27 | €3,113 | €920 | - | - |
| Current assets29/58 | €248,870 | €194,434 | €137,780 | - |
| Amounts receivable within one year40/41 | €246,431 | €184,670 | €137,780 | - |
| Trade receivables40 | - | - | €86,089 | - |
| Other amounts receivable41 | - | - | €51,691 | - |
| Cash at bank and in hand54/58 | €2,440 | €9,764 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €251,984 | €195,353 | €137,780 | - |
| Equity10/15 | €45,218 | €66,943 | -€101,498 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | - |
| Capital10 | - | - | €18,600 | - |
| Issued capital100 | - | - | €18,600 | - |
| Reserves13 | €7,981 | €8,860 | €8,860 | - |
| Non-distributable reserves130/1 | - | - | €1,860 | - |
| Legal reserve130 | - | - | €1,860 | - |
| Tax-exempt reserves132 | - | - | €7,000 | - |
| Profit (loss) carried forward14 | €18,637 | €39,483 | -€128,958 | - |
| Amounts payable17/49 | €206,765 | €128,410 | €239,279 | - |
| Amounts payable within one year42/48 | €206,765 | €128,410 | €239,279 | - |
| Trade debts44 | €101,876 | €61,210 | €4,312 | - |
| Suppliers440/4 | - | - | €4,312 | - |
| Advances received on contracts in progress46 | - | - | €29,266 | - |
| Taxes, remuneration and social security45 | - | - | €205,700 | - |
| Taxes450/3 | - | - | €194,840 | - |
| Remuneration and social security454/9 | - | - | €10,860 | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,828 | €21,725 | -€186,168 | - |
| + Depreciation and write-downs630 | €5,301 | €3,021 | €5,367 | - |
| Operating cash flow (approximation) | €15,129 | €24,746 | -€180,801 | - |
| Investment in fixed assets (approximation) | - | -€827 | - | - |
| Change in cash | - | €7,324 | - | - |
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
2023
08-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 30-10-2023
2022
09-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 02-05-2022
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€186,168
Net result drops to -€186,168, the lowest in the series.
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
2019
31-12
Financial
Highest result since 2018net €21,725 ▲121%
Operating result €33,406, net result €21,725, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts
We know of 20 Belgian State 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.
Directors · office · real estate
Directors
20 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 | LUCILLE BERMOND CHAUSSEE DE LA HULPE 187,
1170 WATERMAEL-BOITSFORT |
02-05-2022 → 30-10-2023 |