FRT CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for FRT CONSTRUCT according to publications in the Belgian State Gazette; curator: ANOUK DE VLEESHOUWER.
Summary
The 2023 annual accounts show equity of €167k and a net result of €21k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 29-04-2024, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
1 d early
2021
30 d late
2020
5 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€661k▲ 106%
2021 · €320k
2019: €470k
2020: €224k▼ -52.4% vs 2019lowest value
2021: €320k▲ +43.4% vs 2020
2023: €661khighest value
2019 → 2023
EBIT margin
4.2%▲ 1.2pp
2021 · 3.0%
2019: 17.5%highest value
2020: 10.2%▼ -41.9% vs 2019
2021: 3.0%▼ -70.5% vs 2020lowest value
2023: 4.2%
2019 → 2023
Net result
€21k▲ 185%
2021 · €7k
2019: €64khighest value
2020: €18k▼ -72.5% vs 2019
2021: €7k▼ -58.6% vs 2020lowest value
2023: €21k
2019 → 2023
Working capital
€146k▲ 85.3%
2021 · €79k
2019: €58klowest value
2020: €70k▲ +22.2% vs 2019
2021: €79k▲ +11.6% vs 2020
2023: €146khighest value
2019 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212023Trend
Turnover€470k-€224k▼ 52.4%€320k▲ 43.4%€661k▲ 106%
2019: €470k
2020: €224k▼ -52.4% vs 2019lowest value
2021: €320k▲ +43.4% vs 2020
2023: €661khighest value
Equity€70k-€88k▲ 25.1%€95k▲ 8.3%€167k▲ 75.3%
2019: €70klowest value
2020: €88k▲ +25.1% vs 2019
2021: €95k▲ +8.3% vs 2020
2023: €167khighest value
Operating result€82k-€23k▼ 72.3%€10k▼ 57.8%€28k▲ 190%
2019: €82khighest value
2020: €23k▼ -72.3% vs 2019
2021: €10k▼ -57.8% vs 2020lowest value
2023: €28k
Net result€64k-€18k▼ 72.5%€7k▼ 58.6%€21k▲ 185%
2019: €64khighest value
2020: €18k▼ -72.5% vs 2019
2021: €7k▼ -58.6% vs 2020lowest value
2023: €21k
Result per fiscal year
Operating resultNet result
The operating result is €28k in 2023, compared with €10k in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €714k
Fixed assets
€22k ▲ 28.8%
Current assets
€692k ▲ 254%
Equity and liabilities €714k
Equity
€167k ▲ 75.3%
Debt
€547k ▲ 367%
Debt's share of the balance-sheet total rises from 55.1% to 76.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43k▲
2021 · €19k
Cash flow
€36k▲
2021 · €16k
Current ratio
1.27▼
2021 · 1.67
Debt to equity
3.27▲
2021 · 1.23
ROE
12.5%▲
2021 · 7.7%
ROA
2.9%▼
2021 · 3.4%
Interest coverage
44.53▼
2021 · 70.69
Debt ≤ 1 year
€547k▲
2021 · €117k
Income taxes
€11k▲
2021 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2021 · 47 lines
Balance sheet
Code20212023
Assets
Total assets20/58€213k€714k▲
Fixed assets21/28€17k€22k▲
Tangible fixed assets22/27€17k€22k▲
Plant, machinery and equipment23€8k€1k▼
Furniture and vehicles24€9k€21k▲
Current assets29/58€196k€692k▲
Amounts receivable within one year40/41€141k€679k▲
Trade receivables40€66k€608k▲
Other amounts receivable41€75k€71k▼
Cash at bank and in hand54/58€16k€13k▼
Deferred charges and accrued income490/1€38k-
Equity and liabilities
Total equity and liabilities10/49€213k€714k▲
Equity10/15€95k€167k▲
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€87k€159k▲
Amounts payable17/49€117k€547k▲
Amounts payable within one year42/48€117k€547k▲
Trade debts44€107k€516k▲
Suppliers440/4€2k€516k▲
Bills of exchange payable441€106k-
Taxes, remuneration and social security45€10k€31k▲
Taxes450/3€3k€31k▲
Remuneration and social security454/9€7k-
Income statement
Code20212023
Turnover70€320k€661k▲
Goods, raw materials, services and sundry goods60/61€303k€613k▲
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€15k▲
Other operating charges640/8€1k€6k▲
Gross operating margin9900€22k€48k▲
Operating profit (loss)9901€10k€28k▲
Financial income75/76B€0€5k▲
Recurring financial income75€0€5k▲
Financial charges65/66B€265€955▲
Recurring financial charges65€265€955▲
Profit (loss) for the period before taxes9903€9k€32k▲
Income taxes67/77€2k€11k▲
Profit (loss) for the period9904€7k€21k▲
Profit (loss) for the period to be appropriated9905€7k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€87k€159k▲
Profit (loss) brought forward from the previous period14P€80k€138k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|
| Turnover70 | €470k | €224k | €320k | €661k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €303k | €613k | - |
| Remuneration, social security and pensions62 | - | - | €2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €4k | €9k | €15k | - |
| Other operating charges640/8 | - | - | €1k | €6k | - |
| Gross operating margin9900 | €91k | €31k | €22k | €48k | - |
| Operating profit (loss)9901 | €82k | €23k | €10k | €28k | - |
| Financial income75/76B | - | - | €0 | €5k | - |
| Recurring financial income75 | - | €0 | €0 | €5k | - |
| Financial charges65/66B | - | - | €265 | €955 | - |
| Recurring financial charges65 | €1k | €253 | €265 | €955 | - |
| Profit (loss) for the period before taxes9903 | €81k | €22k | €9k | €32k | - |
| Income taxes67/77 | €17k | €5k | €2k | €11k | - |
| Profit (loss) for the period9904 | €64k | €18k | €7k | €21k | - |
| Profit (loss) for the period to be appropriated9905 | €64k | €18k | €7k | €21k | - |
| Line | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €175k | €153k | €213k | €714k | - |
| Fixed assets21/28 | €13k | €18k | €17k | €22k | - |
| Tangible fixed assets22/27 | €13k | €18k | €17k | €22k | - |
| Plant, machinery and equipment23 | - | - | €8k | €1k | - |
| Furniture and vehicles24 | - | - | €9k | €21k | - |
| Current assets29/58 | €162k | €135k | €196k | €692k | - |
| Amounts receivable within one year40/41 | €153k | €109k | €141k | €679k | - |
| Trade receivables40 | - | - | €66k | €608k | - |
| Other amounts receivable41 | - | - | €75k | €71k | - |
| Cash at bank and in hand54/58 | €7k | €6k | €16k | €13k | - |
| Deferred charges and accrued income490/1 | - | - | €38k | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €175k | €153k | €213k | €714k | - |
| Equity10/15 | €70k | €88k | €95k | €167k | - |
| Contributions10/11 | €6k | €6k | €6k | €6k | - |
| Capital10 | - | - | €6k | - | - |
| Issued capital100 | - | - | €19k | - | - |
| Uncalled capital101 | - | - | €12k | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | - |
| Non-distributable reserves130/1 | - | - | €2k | €2k | - |
| Legal reserve130 | - | - | €2k | - | - |
| Reserves not available under the articles1311 | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €62k | €80k | €87k | €159k | - |
| Amounts payable17/49 | €105k | €65k | €117k | €547k | - |
| Amounts payable within one year42/48 | €105k | €65k | €117k | €547k | - |
| Trade debts44 | €85k | €41k | €107k | €516k | - |
| Suppliers440/4 | - | - | €2k | €516k | - |
| Bills of exchange payable441 | - | - | €106k | - | - |
| Taxes, remuneration and social security45 | - | - | €10k | €31k | - |
| Taxes450/3 | - | - | €3k | €31k | - |
| Remuneration and social security454/9 | - | - | €7k | - | - |
| Line | 2019 | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64k | €18k | €7k | €21k | - |
| + Depreciation and write-downs630 | €7k | €4k | €9k | €15k | - |
| Operating cash flow (approximation) | €71k | €21k | €16k | €36k | - |
| Investment in fixed assets (approximation) | - | €-9k | €-8k | - | - |
| Change in cash | - | €-2k | €11k | - | - |
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
2026
09-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 02-06-2026
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150kEq €167k ▲75.3%
4 profitable years in a row build equity to €167k.
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
30-09
Financial
Weakest financial yearnet €7k ▼58.6%
Net result drops to €7k, the lowest in the series.
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kapelle-op-den-Bos · 1 establishment unit since 2018
Ground area
533 m²
Building footprint
247 m²
Volume, LiDAR
1,558 m³
2 parcels, Brussels, Flanders · tallest building 12.1 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FRT CONSTRUCT
since 20182.276.344.629
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23056B0323/00T003 | Flanders | 359 m² | 1 · 167 m² | 8.0 m · 1 fl. |
| 21816G0087/00E003 | Brussels | 174 m² | 1 · 79 m² | 12.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 | ANOUK DE VLEESHOUWER DE KLEETLAAN 5C,
1830 MACHELEN (BT) |
02-06-2026 → present |
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Of 4,014 companies in sector 43310 we hold annual accounts for 1,746. 1,416 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-05-2018
Fiscal year end30-09
Activities, NACEBEL 2025
43310Plastering work
43320Joinery installation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.