FONTES CONSTRUCT

In bankruptcy Private limited company (pre-2019)founded 2017Rue de Nivelles 145, 1440 Braine-le-ChâteauKBO/BCE: BE 0673.646.885

FONTES CONSTRUCT

Follow Report

Overview

Information for creditors

Enterprise Court of Walloon Brabant · Official Gazette of 27-03-2023

Appeal or third-party opposition 11-04-2023Filing the claim in RegSol 19-04-2023First verification report 08-05-2023Late claim 20-03-2024

Trustee: Xavier Ibarrondo Lasa. 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.

Lifetime

5 annual accounts with figures on one time axis

Compare with

Gross marginpeak €62,349 (2018)

-€56,517▼ €75,175

Resultlowest -€59,459 (2022)

-€59,459▼ €48,116

Equitypeak €45,069 (2020)

-€25,732▼ €59,459

Debts

€149,463▲ 63.0%

Staffpeak 1 FTE (2019)

-not published

Board1 name since 2022

1 directorMagalhães Ribeiro Joane

Documentsfilings and deeds

10-03-202351 days before the deadline

2022micro format

Gross margin from €18,658 to -€56,517Loss of €59,459Equity from €33,726 to -€25,732Debts from €91,678 to €149,463Cash from €13 to €0

Key points

from the 2022 annual accounts, the last ones filed

Losses

-€70,801 in two years

The 2021 and 2022 financial years closed with a loss. 2022 was the heaviest.

Debts

€149,463 121% of the balance sheet

Suppliers 76%Taxes and wages 4%Other 19%

Filings

5 annual accounts 1 late

The 2018 accounts came 97 days late. The other four were filed on time.

No scoreTurnover not published (micro format)

Board and ownership

Magalhães Ribeiro Joane

Director

Board & ownership

Recent changes

27-03-2023

Bankruptcy published Enterprise Court of Walloon Brabant · judgment of 20-03-2023 · Bankruptcy

29-03-2017

Incorporation 3 publications in the Belgian Official Gazette, the last on 27-03-2023 · published on 31-03-2017 · Gazette deed

All 9 events

Official details

Source: KBO

Status: In bankruptcydeclared bankrupt on 20-03-2023
Activity: General construction of residential buildingsNACE 41001and 4 others
Financial year end: 30 September
Peppol: Not found in the Peppol Directory

Company details

Annual accounts to 30-09-2022

Gross margin: -€56,517
Loss: €59,459▲ 424%
Equity: -€25,732
Total assets: €123,731▼ 1.3%
Staff: ≈ 0 FTEestimated
Filing: Filed on 10-03-2023

Financials

Insights on FONTES CONSTRUCT

Equity fell from €45,069 in 2020 to -€25,732 in 2022, while debts rose from €52,247 to €149,463.

On 20 March 2023 the court declared FONTES CONSTRUCT bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2022

micro format, filed on 10-03-2023, 51 days before the deadline

Gross margin

-€56,517

▼ €75,175

Operating result

-€58,952

▼ €47,874

Loss

-€59,459

▼ €48,116

Working capital

-€27,801

▼ €58,620

Solvency

-20.8%

▼ 47.7 percentage points

Current ratio

0.81

▼ 0.52

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €123,731 on 30-09-2022

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency-20.8%

Higher than 8% of 7,776 companies in 2022.

Current ratio0.81

Higher than 15% of 7,553 companies in 2022.

Return on assets-48.1%

Lower than 95% of 7,620 companies in 2022.

FONTES CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2022	2021	2020	2019	2018
Balance sheet: assets
Total assets`20/58`	123,731	125,404	97,316	107,964	71,181
Fixed assets`21/28`	2,068	2,907	1,082	1,333	-
Tangible fixed assets`22/27`	2,068	2,907	1,082	1,333	-
Plant, machinery and equipment`23`	1,206	1,560	415	-	-
Furniture and vehicles`24`	862	1,347	667	1,333	-
Current assets`29/58`	121,662	122,498	96,234	106,631	71,181
Amounts receivable within one year`40/41`	121,662	122,389	91,640	104,399	62,612
Trade receivables`40`	119,765	106,428	86,730	74,396	43,568
Other amounts receivable`41`	1,897	15,961	4,910	30,004	19,045
Cash at bank and in hand`54/58`	0	13	4,441	2,232	8,569
Deferred charges and accrued income`490/1`	-	97	153	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	123,731	125,404	97,316	107,964	71,181
Equity`10/15`	-25,732	33,726	45,069	33,754	38,450
Contributions`10/11`	100	100	100	100	100
Issued capital`100`	-	-	100	100	100
Reserves`13`	18,450	18,450	18,450	12,400	12,400
Non-distributable reserves`130/1`	18,450	18,450	18,450	-	-
Legal reserve`130`	-	-	18,450	12,400	12,400
Reserves not available under the articles`1311`	18,450	18,450	-	-	-
Profit (loss) carried forward`14`	-44,282	15,176	26,519	21,254	25,950
Amounts payable`17/49`	149,463	91,678	52,247	74,210	32,730
Amounts payable within one year`42/48`	149,463	91,678	52,247	69,938	32,730
Trade debts`44`	114,221	73,389	49,847	47,386	12,230
Suppliers`440/4`	114,221	73,389	49,847	47,386	12,230
Taxes, remuneration and social security`45`	6,579	15,878	2,400	22,552	20,500
Taxes`450/3`	-	-	2,400	22,552	20,500
Remuneration and social security`454/9`	6,579	15,878	-	-	-
Other amounts payable`47/48`	28,662	2,412	-	-	-
Accrued charges and deferred income`492/3`	-	-	-	4,272	-
Income statement
Gross operating margin`9900`	-56,517	18,658	31,878	25,122	62,349
Remuneration, social security and pensions`62`	243	21,039	12,081	24,740	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	838	1,249	770	667	-
Other operating charges`640/8`	1,354	7,448	2,522	3,875	2,953
Non-recurring operating charges`66A`	-	-	-	553	-
Operating profit (loss)`9901`	-58,952	-11,078	16,504	-4,712	59,396
Financial income`75/76B`	-	0	4	183	1
Recurring financial income`75`	-	0	4	183	1
Financial charges`65/66B`	507	265	389	167	546
Recurring financial charges`65`	507	265	389	167	546
Profit (loss) for the period before taxes`9903`	-59,459	-11,343	16,119	-4,696	58,850
Income taxes`67/77`	-	-	4,805	-	20,500
Profit (loss) for the period`9904`	-59,459	-11,343	11,315	-4,696	38,350
Profit (loss) for the period to be appropriated`9905`	-59,459	-11,343	11,315	-4,696	38,350
Appropriation of the result
Profit (loss) to be appropriated`9906`	-44,282	15,176	32,569	21,254	38,350
Profit (loss) brought forward from the previous period`14P`	15,176	-	-	-	-
Transfer to equity`691/2`	-	-	6,050	-	12,400
To the legal reserve`6920`	-	-	6,050	-	12,400
Social balance sheet
Average staff (FTE)`9087`	-	-	-	1	-
Hours worked`1013`	-	-	-	1,560	-
Document	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2022 (PDF), filed on 10-03-2023.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2022	micro format	10-03-2023	2023-00040418	PDF
30-09-2021	micro format	23-03-2022	2022-08600098	PDF
30-09-2020	micro format	31-03-2021	2021-09300343	PDF
30-09-2019	micro format	19-03-2020	2020-07000347	PDF
30-09-2018	micro format	05-08-2019	2019-44100269	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2022	2021	2020	2019	2018
EBITDA	-58,114	-9,829	17,275	-4,046	-
Cash flow	-58,620	-10,094	12,085	-4,030	-
Investment in fixed assets (approximation)	0	3,074	519	2,000	-
Change in cash	-13	-4,428	2,209	-6,337	-
Working capital	-27,801	30,820	43,987	36,693	38,450
Solvency	-20.8%	26.9%	46.3%	31.3%	54.0%
Current ratio	0.81	1.34	1.84	1.52	2.17
Debt to equity	-	2.72	1.16	2.20	0.85
ROE	-	-33.6%	25.1%	-13.9%	99.7%
ROA	-48.1%	-9.0%	11.6%	-4.3%	53.9%
Interest coverage	-114.69	-	-	-	-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on FONTES CONSTRUCT

The operating result for 2022 is a loss of €58,952, larger than the loss of €11,078 in 2021. It is the lowest result since 2018.

Equity is negative. Debt (€149,463) exceeds the balance-sheet total (€123,731).

Board & ownership

Curator

the curator has managed the company since 20-03-2023

Xavier Ibarrondo Lasa

Curator, Off.Park Green Alley,Rue Du Panier Vert 70, 1400 Nivelles

Also on 104 other cases

Last board

1 director

Magalhães Ribeiro Joane

Director

listed in the 2022 annual accounts, filed on 10-03-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Magalhães Ribeiro Joane
Director

Boardmandate already running before its first mentionBankruptcy 20-03-2023

Mandates as a list

Magalhães Ribeiro Joane
- Director, from before 30-09-2022, until the bankruptcy of 20-03-2023

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution: €100
Source: 2022 annual accounts

Network & group

No group

FONTES CONSTRUCT has no parent and no holdings in its annual accounts. Magalhães Ribeiro Joane is the only director. FONTES CONSTRUCT shares no director with another company.

Timeline

9 events since 2017

Filings

Financial

Insolvency

20182020202220242026

2023

27-03-2023

Bankruptcy published Enterprise Court of Walloon Brabant · judgment of 20-03-2023

10-03-2023

Annual accounts 2022 filed PDFmicro format · 51 days before the deadline

2022

30-09-2022

Weakest financial year net -€59,459 The net result drops to -€59,459, the lowest from 2018 to 2022.

23-03-2022

Annual accounts 2021 filed PDFmicro format · 38 days before the deadline

2021

31-03-2021

Annual accounts 2020 filed PDFmicro format · 30 days before the deadline

2020

30-09-2020

Back to profit net €11,315 The net result is €11,315, after one loss-making year.

19-03-2020

Annual accounts 2019 filed PDFmicro format · 42 days before the deadline

2019

05-08-2019

Annual accounts 2018 filed PDFmicro format · 97 days late

2017

29-03-2017

Incorporation PDF3 publications in the Belgian Official Gazette, the last on 27-03-2023 · published on 31-03-2017

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

FONTES CONSTRUCT was incorporated on 29 March 2017.¹ Total assets rose from €107,964 in 2019 to €123,731 in 2022.² On 20 March 2023 the company was declared bankrupt.³

Company details

Identity

Enterprise number: 0673.646.885
VAT number: BE 0673.646.885
Legal form: Private limited company (pre-2019)
Status: In bankruptcy, since 20-03-2023
Founded: 29-03-2017
Financial year: ends on 30 September
Peppol: Not found in the Peppol Directory
Name: FONTES CONSTRUCT in French
Entity type: Legal entity

Activities

NACEBEL 2025

41001 General construction of residential buildings main activity

43230 Insulation installation

43350 Other building finishing work

43990 Other specialised construction activities

81210 General cleaning of buildings

Codes under NACEBEL 2008

41201 General construction of buildings main activity

43291 Specialised construction activities

43390 Specialised construction activities

43999 Specialised construction activities

81210 General cleaning of buildings

Registered office and establishments

Rue de Nivelles 145 registered office 1440 Braine-le-Château

Buildings and parcels at the address

Ground area: 275 m²
Buildings: 128 m²
Volume, LiDAR: 837 m³
Tallest building: 10.0 m

Buildings to scale, each on its own parcel

exact location from the address register On OpenStreetMap

Parcels

Cadastral parcel	Area	Buildings	Height / floors
25015B0226/00Y000	275 m²	1 · 128 m²	10.0 m · 2

Overview

Information for creditors

Lifetime

Key points

Losses

Debts

Filings

Board and ownership

Recent changes

Official details

Annual accounts to 30-09-2022

Insights on FONTES CONSTRUCT

Financials

Annual accounts 2022

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-20.8%

Current ratio0.81

Return on assets-48.1%

Staff

Staff cost per FTE

Blue and white collar

Filed annual accounts

Filings

Key figures and ratios

Insights on FONTES CONSTRUCT

Board & ownership

Curator

Last board

Mandates through the years

Control

Capital

Network & group

No group

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels