FR CONSTRUCTION
InactiveFR CONSTRUCTION was declared bankrupt on 26-10-2021 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 06-09-2022, published in the Belgian State Gazette on 23-09-2022.
Summary
Inactive; last annual accounts for fiscal year 2016.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 18-01-2019, 536 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
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 2016, full schema
Turnover
€762,103▲ 9.9%
2015 · €693,243
EBIT margin
2.8%▲ 0.5pp
2015 · 2.3%
Net result
€12,212▲ 35.1%
2015 · €9,040
Working capital
€74,896▲ 23.9%
2015 · €60,433
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
Line20122013201420152016
Turnover€192,556-€470,988▲ 145%€495,979▲ 5.3%€693,243▲ 39.8%€762,103▲ 9.9%
Operating result€21,550-€25,087▲ 16.4%€25,666▲ 2.3%€15,707▼ 38.8%€20,972▲ 33.5%
Net result€17,972-€18,955▲ 5.5%€18,835▼ 0.6%€9,040▼ 52.0%€12,212▲ 35.1%
EBIT margin11.2%-5.3%▼ 5.9pp5.2%▼ 0.2pp2.3%▼ 2.9pp2.8%▲ 0.5pp
Equity€19,102-€38,057▲ 99.2%€56,892▲ 49.5%€64,803▲ 13.9%€77,014▲ 18.8%
Total assets€37,496-€97,762▲ 161%€104,778▲ 7.2%€203,418▲ 94.1%€208,545▲ 2.5%
Debt€18,395-€59,705▲ 225%€47,886▼ 19.8%€138,616▲ 189%€131,531▼ 5.1%
Working capital€17,449-€26,146▲ 49.8%€35,170▲ 34.5%€60,433▲ 71.8%€74,896▲ 23.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2016; 2016 is 34% above 2015.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €208,545
Fixed assets
€41,178 ▼ 38.2%
Current assets
€167,367 ▲ 22.3%
Equity and liabilities €208,545
Equity
€77,014 ▲ 18.8%
Debt
€131,531 ▼ 5.1%
Debt's share of the balance-sheet total falls from 68.1% to 63.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,574▲
2015 · €50,187
Cash flow
€43,814▲
2015 · €43,520
Current ratio
1.81▲
2015 · 1.79
Debt to equity
0.51▼
2015 · 0.96
ROE
15.9%▲
2015 · 13.9%
ROA
5.9%▲
2015 · 4.4%
Debt ≤ 1 year
€92,471▲
2015 · €76,407
Debt > 1 year
€39,059▼
2015 · €62,209
Income taxes
€6,650▲
2015 · €4,570
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €192,556 | €470,988 | €495,979 | €693,243 | €762,103 | ▲ 9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €451 | €5,565 | €12,666 | €34,480 | €31,602 | ▼ 8.3% |
| Gross operating margin9900 | €22,481 | €33,137 | €41,049 | €62,735 | €64,074 | ▲ 2.1% |
| Operating profit (loss)9901 | €21,550 | €25,087 | €25,666 | €15,707 | €20,972 | ▲ 33.5% |
| Recurring financial income75 | - | - | - | €628 | €4,228 | ▲ 573% |
| Recurring financial charges65 | €108 | €1,373 | €2,246 | €2,725 | €6,338 | ▲ 133% |
| Profit (loss) for the period before taxes9903 | €21,442 | €23,714 | €23,419 | €13,610 | €18,862 | ▲ 38.6% |
| Income taxes67/77 | €3,470 | €4,759 | €4,584 | €4,570 | €6,650 | ▲ 45.5% |
| Profit (loss) for the period9904 | €17,972 | €18,955 | €18,835 | €9,040 | €12,212 | ▲ 35.1% |
| Profit (loss) for the period to be appropriated9905 | €9,972 | €11,955 | €10,835 | €9,040 | €12,212 | ▲ 35.1% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,496 | €97,762 | €104,778 | €203,418 | €208,545 | ▲ 2.5% |
| Fixed assets21/28 | €1,653 | €11,911 | €21,722 | €66,579 | €41,178 | ▼ 38.2% |
| Tangible fixed assets22/27 | €1,353 | €11,611 | €21,422 | €66,279 | €40,878 | ▼ 38.3% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €35,844 | €85,851 | €83,056 | €136,839 | €167,367 | ▲ 22.3% |
| Amounts receivable within one year40/41 | €28,658 | €55,650 | €71,244 | €136,839 | €167,367 | ▲ 22.3% |
| Cash at bank and in hand54/58 | €7,186 | €30,202 | €11,812 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,496 | €97,762 | €104,778 | €203,418 | €208,545 | ▲ 2.5% |
| Equity10/15 | €19,102 | €38,057 | €56,892 | €64,803 | €77,014 | ▲ 18.8% |
| Contributions10/11 | €1,130 | €1,130 | €1,130 | €1 | €1 | = |
| Reserves13 | €17,972 | €32,470 | €40,470 | €41,599 | €41,599 | = |
| Profit (loss) carried forward14 | - | €4,457 | €15,292 | €23,203 | €35,414 | ▲ 52.6% |
| Amounts payable17/49 | €18,395 | €59,705 | €47,886 | €138,616 | €131,531 | ▼ 5.1% |
| Amounts payable after more than one year17 | - | - | - | €62,209 | €39,059 | ▼ 37.2% |
| Amounts payable within one year42/48 | €18,395 | €59,705 | €47,886 | €76,407 | €92,471 | ▲ 21.0% |
| Trade debts44 | €14,925 | €49,618 | €33,956 | €54,914 | €44,852 | ▼ 18.3% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,972 | €18,955 | €18,835 | €9,040 | €12,212 | ▲ 35.1% |
| + Depreciation and write-downs630 | €451 | €5,565 | €12,666 | €34,480 | €31,602 | ▼ 8.3% |
| Operating cash flow (approximation) | €18,422 | €24,520 | €31,501 | €43,520 | €43,814 | ▲ 0.7% |
| Investment in fixed assets (approximation) | - | -€15,824 | -€22,478 | -€79,337 | -€6,201 | ▲ 92.2% |
| Change in cash | - | €23,016 | -€18,390 | - | - | - |
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
2022
23-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 06-09-2022
2021
03-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 26-10-2021
2019
18-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 536 days late
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 408 days late
2015
31-12
Financial
Weakest financial yearnet €9,040 ▼52%
Net result drops to €9,040, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 31 days late
2013
31-12
Financial
Highest result since 2012net €18,955 ▲5.5%
Net result €18,955, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DIETER VANOUTRIVE GULDEN-VLIESLAAN 22,
1050 BRUSSEL 5 |
26-10-2021 → 06-09-2022 |