FRZ.CONSTRUCT
InactiveFRZ.CONSTRUCT was declared bankrupt on 24-06-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 13-01-2026, published in the Belgian State Gazette on 20-01-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-05-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-05-2023 close31-12-2023 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-05-2022 was due by 31-12-2022 and was filed on 31-01-2023, 31 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 · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
31 d late
2021
47 d late
2020
5 d late
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Turnover
€709▼ 89.3%
2021 · €7k
2019: €88k
2020: €111k
2021: €7k
2019 → 2022
EBIT margin
100.0%=
2021 · 100.0%
2019: 2.0%
2020: 10.8%
2021: 100.0%
2019 → 2022
Net result
€567▼ 89.1%
2021 · €5k
2019: €1k
2020: €9k
2021: €5k
2019 → 2022
Working capital
€17k▲ 3.5%
2021 · €16k
2019: €1k
2020: €11k
2021: €16k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€88k-€111k▲ 26.3%€7k▼ 94.0%€709▼ 89.3%
Equity€1k-€11k▲ 692%€16k▲ 48.3%€17k▲ 3.5%
Operating result€2k-€12k▲ 571%€7k▼ 44.6%€709▼ 89.3%
Net result€1k-€9k▲ 593%€5k▼ 44.7%€567▼ 89.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2022 is 89% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €17k
Equity
€17k▲ 3.5%
Debt
€142▼ 91.6%
The debt ratio falls from 9.5% to 0.8%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
99.2%▲
2021 · 90.5%
Debt / equity
0.01
ROE
3.4%▼
2021 · 32.6%
ROA
3.4%▼
2021 · 29.5%
Debt
€142▼
2021 · €2k
Debt ≤ 1 year
€142▼
2021 · €2k
Income taxes
€142▼
2021 · €1k
A ratio outside any meaningful range has been withheld (balance sheet total €17k, equity €17k).
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€18k€17k▼
Current assets29/58€18k€17k▼
Amounts receivable within one year40/41€12k€11k▼
Other amounts receivable41-€11k
Cash at bank and in hand54/58€6k€6k=
Equity and liabilities
Total equity and liabilities10/49€18k€17k▼
Equity10/15€16k€17k▲
Contributions10/11€1€1=
Capital10-€1
Issued capital100-€1
Reserves13€0€0=
Non-distributable reserves130/1-€0
Legal reserve130-€0
Profit (loss) carried forward14€16k€17k▲
Amounts payable17/49€2k€142▼
Amounts payable within one year42/48€2k€142▼
Trade debts44€377-
Taxes, remuneration and social security45-€142
Taxes450/3-€142
Income statement
Code20212022
Turnover70€7k€709▼
Gross operating margin9900€7k€709▼
Operating profit (loss)9901€7k€709▼
Recurring financial charges65€137-
Profit (loss) for the period before taxes9903€7k€709▼
Income taxes67/77€1k€142▼
Profit (loss) for the period9904€5k€567▼
Profit (loss) for the period to be appropriated9905€5k€567▼
Appropriation of the result
Profit (loss) to be appropriated9906-€17k
Profit (loss) brought forward from the previous period14P-€16k
Timeline · acts, filings and financial milestones
2026
20-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · FRZ.CONSTRUCT BOULEVARD DE L’EMPEREUR 10, 1000 BRUXELLES. déclarée le 24 juin 2024 · event 13-01-2026
2024
05-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · FRZ.CONSTRUCT BOULEVARD DE L’EMPEREUR 10, 1000 BRUXELLES · event 24-06-2024
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-05
Financial
Weakest financial yearnet €567 ▼89.1%
Net result drops to €567, the lowest in the series.
31-05
Financial
Liquidity times 11current ratio 117.79
Current ratio from 10.53 to 117.79; short-term debt falls from €2k to €142.
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 47 days late
2021
31-05
Financial
Liquidity doublescurrent ratio 10.53
Current ratio from 4.72 to 10.53; short-term debt falls from €3k to €2k.
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
31-05
Financial
Highest result since 2019net €9k ▲593%
Operating result €12k, net result €9k, both a record.
31-05
Financial
Liquidity quadruplescurrent ratio 4.72
Current ratio from 1.09 to 4.72; short-term debt falls from €14k to €3k.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DIANE OSSIEUR AVENUE H. & F. LIMBOURG 19,
1070 ANDERLECHT |
24-06-2024 → present |