FRD EXCELLENCE CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for FRD EXCELLENCE CONSTRUCT according to publications in the Belgian Official Gazette. The trustee is Muriel Lambot.
Summary
The file additionally contains 4 judicial reorganisation notices. The 2024 annual accounts show negative equity (-€136,486) and a net result of -€173,707.
Overview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 22 June 2026 · trustee Muriel Lambot · claim deadline passed on 22 July 2026
How to file a claimThe procedure
- Court
- Enterprise Court of Hainaut, Charleroi division
- Supervising judge
- Anne Prignon
- Official Gazette
- 18-08-2026search the document for 2026/134871
Deadlines
- Provisional date payments stopped
- 22 June 2026A later judgment can still change the date.art. XX.105, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 22 July 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 19 August 2026Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Appeal or third-party opposition until
- passed on 2 September 2026That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- Late claim until
- 22 June 2027A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Muriel LambotBoulevard Mayence 7, 6000 Charleroiinfo@avocat-lambotmuriel.be
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Reclaim goods you delivered under retention of title before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
- Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy declared bankrupt on 22-06-2026
- Activity
- General construction of residential buildings NACE 41001and 1 other
- Establishment unit
- 2.199.484.995 6061 Charleroi, since 08-06-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 12-06-2025
Board and ownership
Board
- DEPASSE DidierDirector
- DEPASSE FrançoisDirector
- DEPASSE RudyDirector
Financial position
No score
Annual accounts 2024
- Gross margin
- €183,871
- ▲ 28.8%
- Turnover
- ≈ €650,000
- estimated
- Loss
- €173,707
- ▲ 63×
- Equity
- -€136,486
- Total assets
- €257,823
- ▼ 26.2%
- Employees on 31-12-2024
- 6
Financials
Financials · financial year 2024, full format
Annual accounts 2024 filed on 09-07-2025 PDF all 13 filings
Turnover
≈ €650,000
Estimated: probably between €450,000 and €1.0m
EBIT margin
Not included in this filing
Net result
-€173,707▼ 6,191%
2023 · -€2,761
Working capital
-€195,468
2023 · €8,456
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
-€136,616
2024
20182024
Net result
-€173,707
▼ 6,191%
2024
lowest quarter of the sector
20182024
Equity
-€136,486
2024
lowest quarter of the sector
20182024
Total assets
€257,823
▼ 26.2%
2024
lowest quarter of the sector
20182024
Debt
€394,310
▲ 26.3%
2024
20182024
Working capital
-€195,468
2024
lowest quarter of the sector
20182024
Solvency
-52.9%
▼ 63.6pp
2024
lowest quarter of the sector
20182024
Current ratio
0.35
▼ 0.68
2024
lowest quarter of the sector
20182024
Return on assets (ROA)
-67.4%
▼ 66.6pp
2024
lowest quarter of the sector
20182024
Staff (FTE)
5.5
▲ 83.3%
2024
middle half of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€74,195--€110,456▼ 48.9%€114,145€89,269▼ 21.8%€28,940▼ 67.6%€9,131▼ 68.4%-€136,616
Net result-€88,704--€115,005▼ 29.7%€99,037above the sector's middle half€76,905above the sector's middle half▼ 22.3%€13,237within the sector's middle half▼ 82.8%-€2,761below the sector's middle half-€173,707below the sector's middle half▼ 6,191%
Equity-€34,192--€149,197▼ 336%-€50,160below the sector's middle half▲ 66.4%€26,745within the sector's middle half€39,982below the sector's middle half▲ 49.5%€37,221below the sector's middle half▼ 6.9%-€136,486below the sector's middle half
Total assets€531,111-€554,656▲ 4.4%€301,050within the sector's middle half▼ 45.7%€402,046above the sector's middle half▲ 33.5%€355,894within the sector's middle half▼ 11.5%€349,310within the sector's middle half▼ 1.8%€257,823below the sector's middle half▼ 26.2%
Debt€565,303-€703,853▲ 24.5%€351,210▼ 50.1%€375,301▲ 6.9%€315,912▼ 15.8%€312,089▼ 1.2%€394,310▲ 26.3%
Working capital-€64,914--€197,141▼ 204%-€99,975below the sector's middle half▲ 49.3%-€17,844below the sector's middle half▲ 82.2%€3,013below the sector's middle half€8,456below the sector's middle half▲ 181%-€195,468below the sector's middle half
Solvency-6.4%--26.9%▼ 20.5pp-16.7%below the sector's middle half▲ 10.2pp6.7%below the sector's middle half▲ 23.3pp11.2%below the sector's middle half▲ 4.6pp10.7%below the sector's middle half▼ 0.6pp-52.9%below the sector's middle half▼ 63.6pp
Current ratio0.85-0.66▼ 0.190.58below the sector's middle half▼ 0.080.93below the sector's middle half▲ 0.351.01below the sector's middle half▲ 0.081.04below the sector's middle half▲ 0.020.35below the sector's middle half▼ 0.68
Return on assets (ROA)-16.7%--20.7%▼ 4.0pp32.9%above the sector's middle half▲ 53.6pp19.1%above the sector's middle half▼ 13.8pp3.7%within the sector's middle half▼ 15.4pp-0.8%below the sector's middle half▼ 4.5pp-67.4%below the sector's middle half▼ 66.6pp
Staff (FTE)6-3.6▼ 40.0%3.8within the sector's middle half▲ 5.6%3below the sector's middle half3below the sector's middle half=5.5within the sector's middle half▲ 83.3%
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a loss of €136,616, after a profit of €9,131 in 2023. It is the lowest result since 2018.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €257,823
Fixed assets
€150,375 ▲ 25.1%
Current assets
€107,448 ▼ 53.1%
Equity and liabilities
Equity-€136,486
Debt€394,310
Equity is negative. Debt (€394,310) exceeds the balance-sheet total (€257,823).
Key figures and ratios
EBITDA
-€125,833▼
2023 · €25,198
Cash flow
-€162,924▼
2023 · €13,306
Quick ratio
0.31▼
2023 · 0.86
Interest coverage
-7.30▼
2023 · 1.71
Debt ≤ 1 year
€302,917▲
2023 · €220,696
Debt > 1 year
€91,393=
2023 · €91,393
Income taxes
-€3,077▼
2023 · -€2,761
Staff costs
€137,803▲
2023 · €108,993
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 6 |
| full-time | 4 |
| part-time | 2 |
| in full-time equivalents | 5.5 |
| Average over the year, in full-time equivalents | 5.5 |
| On a permanent contract | 6 |
Source: social balance sheet in the 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €7,800 | - | - | €41,000 |
| Intangible fixed assets | - | - | - | €750 |
| Depreciation and write-downs of the year | €15,518 | €20,617 | €16,067 | €10,783 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €19,197 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €244,451 | €343,247 | €492,375 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €93,347 | €109,927 | €108,993 | €137,803 | ▲ 26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,300 | €14,241 | €14,632 | €15,518 | €20,617 | €16,067 | €10,783 | ▼ 32.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €130,272 | €5,451 | €71,551 | ▲ 13× |
| Other operating charges640/8 | - | - | - | €5,985 | €21,268 | €3,069 | €14,909 | ▲ 386% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €85,441 | - |
| Gross operating margin9900 | €96,511 | €52,262 | €220,772 | €204,119 | €311,024 | €142,711 | €183,871 | ▲ 28.8% |
| Operating profit (loss)9901 | -€74,195 | -€110,456 | €114,145 | €89,269 | €28,940 | €9,131 | -€136,616 | - |
| Financial income75/76B | - | - | - | €326 | €364 | €108 | €1,507 | ▲ 14× |
| Recurring financial income75 | €4,735 | €1,641 | €70 | €326 | €364 | €108 | €1,507 | ▲ 14× |
| Financial charges65/66B | - | - | - | €10,268 | €20,445 | €14,761 | €41,675 | ▲ 182% |
| Recurring financial charges65 | €19,244 | €15,787 | €15,178 | €10,268 | €20,445 | €14,761 | €17,230 | ▲ 16.7% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €24,445 | - |
| Profit (loss) for the period before taxes9903 | -€88,704 | -€115,005 | €99,037 | €79,327 | €8,859 | -€5,522 | -€176,784 | ▼ 3,101% |
| Income taxes67/77 | - | - | - | €2,422 | -€4,378 | -€2,761 | -€3,077 | ▼ 11.5% |
| Profit (loss) for the period9904 | -€88,704 | -€115,005 | €99,037 | €76,905 | €13,237 | -€2,761 | -€173,707 | ▼ 6,191% |
| Profit (loss) for the period to be appropriated9905 | -€88,704 | -€115,005 | €99,037 | €76,905 | €13,237 | -€2,761 | -€173,707 | ▼ 6,191% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €531,111 | €554,656 | €301,050 | €402,046 | €355,894 | €349,310 | €257,823 | ▼ 26.2% |
| Formation expenses20 | - | - | - | - | - | - | €0 | - |
| Fixed assets21/28 | €176,893 | €176,358 | €163,721 | €151,343 | €136,225 | €120,158 | €150,375 | ▲ 25.1% |
| Intangible fixed assets21 | - | - | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €175,568 | €175,033 | €162,396 | €150,018 | €134,900 | €118,833 | €149,050 | ▲ 25.4% |
| Land and buildings22 | - | - | - | €134,341 | €125,498 | €118,130 | €109,391 | ▼ 7.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €5,003 | - |
| Furniture and vehicles24 | - | - | - | €15,677 | €9,402 | €703 | €34,657 | ▲ 49× |
| Financial fixed assets28 | €1,325 | €1,325 | €1,325 | €1,325 | €1,325 | €1,325 | €1,325 | = |
| Current assets29/58 | €354,218 | €378,298 | €137,329 | €250,703 | €219,669 | €229,152 | €107,448 | ▼ 53.1% |
| Stocks and contracts in progress3 | €202,257 | €4,227 | €5,720 | €14,449 | €6,530 | €40,223 | €14,846 | ▼ 63.1% |
| Stocks30/36 | - | - | - | €14,449 | €6,530 | €13,769 | €14,846 | ▲ 7.8% |
| Contracts in progress37 | - | - | - | - | - | €26,454 | - | - |
| Amounts receivable within one year40/41 | €147,380 | €370,944 | €122,810 | €202,617 | €208,802 | €182,208 | €71,317 | ▼ 60.9% |
| Trade receivables40 | - | - | - | €147,444 | €189,027 | €147,457 | €33,493 | ▼ 77.3% |
| Other amounts receivable41 | - | - | - | €55,173 | €19,775 | €34,751 | €37,824 | ▲ 8.8% |
| Cash at bank and in hand54/58 | €4,581 | €3,127 | €8,799 | €33,637 | €4,337 | €2,531 | €19,073 | ▲ 654% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €4,190 | €2,212 | ▼ 47.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €531,111 | €554,656 | €301,050 | €402,046 | €355,894 | €349,310 | €257,823 | ▼ 26.2% |
| Equity10/15 | -€34,192 | -€149,197 | -€50,160 | €26,745 | €39,982 | €37,221 | -€136,486 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €1,420 | €1,420 | €1,420 | €1,420 | €1,420 | €1,420 | €1,420 | = |
| Non-distributable reserves130/1 | - | - | - | €1,420 | €1,420 | €1,420 | €1,420 | = |
| Legal reserve130 | - | - | - | €1,420 | €1,420 | €1,420 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | €1,420 | - |
| Profit (loss) carried forward14 | -€54,212 | -€169,217 | -€70,180 | €6,725 | €19,962 | €17,201 | -€156,506 | - |
| Amounts payable17/49 | €565,303 | €703,853 | €351,210 | €375,301 | €315,912 | €312,089 | €394,310 | ▲ 26.3% |
| Amounts payable after more than one year17 | €146,171 | €128,414 | €113,906 | €106,754 | €99,256 | €91,393 | €91,393 | = |
| Financial debts170/4 | - | - | - | €106,754 | €99,256 | €91,393 | €91,393 | = |
| Amounts payable within one year42/48 | €419,132 | €575,439 | €237,304 | €268,547 | €216,656 | €220,696 | €302,917 | ▲ 37.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,151 | €7,499 | €11,198 | €670 | ▼ 94.0% |
| Financial debts43 | - | - | - | €60,000 | €60,000 | €60,000 | €60,364 | ▲ 0.6% |
| Credit institutions430/8 | - | - | - | €60,000 | €60,000 | €60,000 | €60,364 | ▲ 0.6% |
| Trade debts44 | €17,666 | €146,422 | €72,753 | €12,715 | €42,536 | €48,368 | €95,990 | ▲ 98.5% |
| Suppliers440/4 | - | - | - | €12,715 | €42,536 | €48,368 | €95,990 | ▲ 98.5% |
| Taxes, remuneration and social security45 | - | - | - | €34,049 | €59,501 | €77,173 | €139,168 | ▲ 80.3% |
| Taxes450/3 | - | - | - | €17,633 | €11,880 | €38,903 | €78,975 | ▲ 103% |
| Remuneration and social security454/9 | - | - | - | €16,416 | €47,621 | €38,270 | €60,193 | ▲ 57.3% |
| Other amounts payable47/48 | - | - | - | €154,632 | €47,120 | €23,957 | €6,724 | ▼ 71.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€88,704 | -€115,005 | €99,037 | €76,905 | €13,237 | -€2,761 | -€173,707 | ▼ 6,191% |
| + Depreciation and write-downs630 | €25,300 | €14,241 | €14,632 | €15,518 | €20,617 | €16,067 | €10,783 | ▼ 32.9% |
| Operating cash flow (approximation) | -€63,404 | -€100,764 | €113,669 | €92,423 | €33,854 | €13,306 | -€162,924 | - |
| Investment in fixed assets (approximation) | - | -€13,706 | -€1,995 | -€3,140 | -€5,499 | €0 | -€41,000 | - |
| Change in cash | - | -€1,454 | €5,672 | €24,838 | -€29,300 | -€1,806 | €16,542 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 09-07-2025 | 2025-00277910 | |
| 31-12-2023 | full format | 17-06-2024 | 2024-00138109 | |
| 31-12-2022 | full format | 29-11-2023 | 2023-00518276 | |
| 31-12-2021 | micro format | 19-07-2022 | 2022-20216184 | |
| 31-12-2020 | full format | 11-06-2021 | 2021-19100429 | |
| 31-12-2019 | full format | 15-06-2020 | 2020-17000414 | |
| 31-12-2018 | full format | 17-12-2019 | 2019-76400075 | |
| 31-12-2017 | full format | 13-09-2018 | 2018-63000105 | |
| 31-12-2016 | full format | 17-07-2017 | 2017-32600492 | |
| 31-12-2015 | full format | 11-05-2016 | 2016-11900348 |
Board & ownership
Directors
Directors
3 directors
DEPASSE Didier
Current
Director · listed in the 2024 annual accounts, filed on 09-07-2025
DEPASSE François
Current
Director · listed in the 2024 annual accounts, filed on 09-07-2025
DEPASSE Rudy
Current
Director · listed in the 2024 annual accounts, filed on 09-07-2025
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Muriel Lambot Boulevard Mayence 7, 6000 Charleroi |
22-06-2026 → present |
Owners and capital
Owners
Mandate history
3 people, 3 in office
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| DEPASSE Didier |
|
| DEPASSE François |
|
| DEPASSE Rudy |
|
Network & group
FRD EXCELLENCE CONSTRUCT shares no director with another company.
Connections & network
3 current directorsThe network starts from the directors of FRD EXCELLENCE CONSTRUCT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Deeds, filings and financial milestones
2026
18-08
Bankruptcy
Bankruptcy declared
Enterprise Court of Hainaut, Charleroi division · judgment of 22-06-2026
24-02
Judicial reorganisation
Plan approval refused
Enterprise Court of Hainaut · judgment of 16-01-2026
26-01
Judicial reorganisation
Plan approval refused
Enterprise Court of Hainaut · judgment of 19-01-2026
2025
21-11
Judicial reorganisation
Extension
Enterprise Court of Hainaut · collective agreement · judgment of 14-11-2025
04-08
Judicial reorganisation
Judicial reorganisation opened
Enterprise Court of Hainaut · collective agreement · judgment of 29-07-2025
09-07
full format · 22 days before the deadline
2024
31-12
Financial
Weakest financial yearnet -€173,707
The net result drops to -€173,707, the lowest from 2018 to 2024.
17-06
full format · 44 days before the deadline
2023
29-11
full format · 121 days late
2022
19-07
micro format · 12 days before the deadline
2021
11-06
full format · 50 days before the deadline
2020
31-12
Financial
Back to profitnet €99,037
The net result is €99,037, after 2 loss-making years.
Show earlier events
15-06
full format · 46 days before the deadline
2019
17-12
full format · 139 days late
2018
13-09
full format · 44 days late
2017
17-07
full format · 14 days before the deadline
2016
11-05
full format · 81 days before the deadline
2011
14-06
2 publications in the Belgian Official Gazette, the last on 22-05-2014
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Bankruptcy opened
- Last annual accounts
- financial year to 31 December 2024
- Legal form
- Private limited company (pre-2019)
- Active since
- 31 May 2011
Register details
Identity
Name
FRD EXCELLENCE CONSTRUCT in French
Enterprise number
0836.675.082
Entity type
Legal entity
Registered office and establishments
Registered office
Rue de Soleilmont 15, 6043 Charleroi, Belgium
Establishment unit
Rue François Reconnu 68, 6061 Charleroi since 08-06-2011 · unit number 2.199.484.995
Activities
NACEBEL 202541001
General construction of residential buildings main activity
43211
General electrical installation work
Codes under NACEBEL 2008
41201
General construction of buildings main activity
43211
Specialised construction activities
Invoicing and payment
VAT number
BE 0836.675.082
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
786 m²
Building footprint
219 m²
Building volume
1,310 m³
Tallest building: 10.6 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52058B0562/00C304 | Wallonia | 654 m² | 1 · 152 m² | 7.7 m · 2 |
| 52049B1066/00V006 | Wallonia | 133 m² | 1 · 67 m² | 10.6 m · 3 |