FLORIN CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for FLORIN CONSTRUCT according to publications in the Belgian State Gazette; curator: YSABELLE ENSCH. The file additionally contains 1 administrative flag. The 2024 annual accounts show equity of €236k and a net result of €3k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
127 d late
2022
493 d late
2021
263 d late
2020
90 d late
2019
993 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Financials · fiscal year 2024, abbreviated schema
Equity
€236k▲ 1.4%
2023 · €233k
2018: €7k
2019: €10k
2020: €37k
2021: €86k
2022: €161k
2023: €233k
2018 → 2024
Total assets
€394k▼ 19.1%
2023 · €487k
2018: €18k
2019: €77k
2020: €62k
2021: €165k
2022: €311k
2023: €487k
2018 → 2024
Net result
€3k▼ 95.4%
2023 · €72k
2018: €1k
2019: €63k
2020: €47k
2021: €111k
2022: €75k
2023: €72k
2018 → 2024
Working capital
€236k▲ 1.4%
2023 · €233k
2019: €13k
2020: €37k
2021: €88k
2022: €161k
2023: €233k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€37k-€86k▲ 130%€161k▲ 87.6%€233k▲ 44.7%€236k▲ 1.4%
Operating result€42k-€98k▲ 133%€115k▲ 16.9%€112k▼ 2.7%€21k▼ 81.0%
Net result€47k-€111k▲ 137%€75k▼ 32.4%€72k▼ 4.4%€3k▼ 95.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 81% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €394k
Equity
€236k▲ 1.4%
Debt
€158k▼ 37.9%
The debt ratio falls from 52.2% to 40.1%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
59.9%▲
2023 · 47.8%
Current ratio
2.49▲
2023 · 1.92
Quick ratio
2.49▲
2023 · 1.92
Debt / equity
0.67▼
2023 · 1.09
ROE
1.4%▼
2023 · 30.9%
ROA
0.8%▼
2023 · 14.8%
Debt
€158k▼
2023 · €254k
Debt ≤ 1 year
€158k▼
2023 · €254k
Income taxes
€23k▼
2023 · €49k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€487k€394k▼
Current assets29/58€487k€394k▼
Amounts receivable after more than one year29-€93k
Other amounts receivable291-€93k
Amounts receivable within one year40/41€487k€301k▼
Trade receivables40€319k€271k▼
Other amounts receivable41€168k€30k▼
Cash at bank and in hand54/58€14€3▼
Equity and liabilities
Total equity and liabilities10/49€487k€394k▼
Equity10/15€233k€236k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Share premium1100/10€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€212k€216k▲
Amounts payable17/49€254k€158k▼
Amounts payable within one year42/48€254k€158k▼
Trade debts44-€61k
Suppliers440/4-€61k
Advances received on contracts in progress46€182k€9k▼
Taxes, remuneration and social security45€72k€88k▲
Taxes450/3€72k€88k▲
Income statement
Code20232024
Other operating charges640/8€200€1k▲
Gross operating margin9900€112k€23k▼
Operating profit (loss)9901€112k€21k▼
Financial income75/76B€9k€8k▼
Recurring financial income75€9k€8k▼
Financial charges65/66B€126€4k▲
Recurring financial charges65€126€4k▲
Profit (loss) for the period before taxes9903€121k€26k▼
Income taxes67/77€49k€23k▼
Profit (loss) for the period9904€72k€3k▼
Profit (loss) for the period to be appropriated9905€72k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€212k€216k▲
Profit (loss) brought forward from the previous period14P€140k€212k▲
Timeline · acts, filings and financial milestones
2026
03-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL FLORIN CONSTRUCT AVENUE LOUISE 209A/7, 1050 IXELLES · event 30-03-2026
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
15-07
KBO administration
Address strikeout annulled
10-06
KBO administration
Address struck
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 127 days late
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 493 days late
2023
31-12
Financial
Equity above €200kEq €233k ▲44.7%
6 profitable years in a row build equity to €233k.
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 263 days late
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 993 days late
2022
31-12
Financial
Equity above €150kEq €161k ▲87.6%
5 profitable years in a row build equity to €161k.
2021
31-12
Financial
Highest result since 2018net €111k ▲137%
Net result €111k, the highest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.52
Current ratio from 1.20 to 2.52; short-term debt falls from €64k to €25k.
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 209a1050 ElseneGround area
566 m²
Building footprint
484 m²
Volume, LiDAR
10,594 m³
2 parcels, Brussels · tallest building 29.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
FLORIN CONSTRUCT
since 20162.256.929.781
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00H005 | Brussels | 480 m² | 1 · 417 m² | 29.8 m · 8 fl. |
| 21015A0520/00G004 | Brussels | 86 m² | 1 · 67 m² | 18.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 IXELLES |
30-03-2026 → present |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,677 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded31-08-2016
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
43120Site preparation
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.