FUTUR CONSTRUCT
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
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.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 30 September 2024
- Supervising judge
- Paul Havelange
- Official Gazette
- 07-10-2024 (pdf) ↗search the document for 2024/137832
Deadlines
- Appeal or third-party opposition until
- passed on 22 October 2024Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 30 October 2024art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 6 November 2024Reclaim 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
- Late claim until
- passed on 30 September 2025A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Emilie MichelAvenue De Fre 229, 1180 02 Uccleemilie.michel@kairos.law
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Other specialised construction activities
NACE 43990
1 site
Size
€646,217turnover 2022
- Staff
- ≈ 0 FTE, estimated
- Equity
- €59,263
- Profit
- €3,667
Financial health
Open bankruptcy: no score
Signalsraises riskOpen bankruptcyShow the evidence
Signals
1 signal.
raises risk
Searched, nothing found (1)
- OpeningFrench-language Enterprise Court of Brussels…
- Annual accounts filedfinancial year 2022 · micro…
- Resignation: IORDACHE Gheorghita (manager)Appointment: IORDACHE Gheorghita (director and…
Financials · financial year 2022, micro format
2022 annual accounts filed late (94 days) Filed on 2 November 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00509113.
Turnover
€646,217▼ 28.9%
2021 · €908,815
EBIT margin
0.8%▲ 0.8pp
2021 · 0.0%
Net result
€3,667
2021 · -€199
Working capital
€48,222▲ 39.7%
2021 · €34,508
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result recovers in 2022; 2022 is 55 times 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€646,217
2022
Operating result€4,968
2022
Net result€3,667
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€122,723
2022
Equity€59,263
2022
Debt€63,460
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€48,222
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.8%
2022
Return on assets (ROA)3.0%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency48.3%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.76
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€310,817-€485,972▲ 56.4%€471,052▼ 3.1%€908,815▲ 92.9%€646,217▼ 28.9%
Operating result€27,305-€12,383▼ 54.6%€22,210▲ 79.4%€90▼ 99.6%€4,968▲ 55×
Net result€20,521-€6,594▼ 67.9%€16,147within the sector's middle half▲ 145%-€199below the sector's middle half€3,667within the sector's middle half
EBIT margin8.8%-2.5%▼ 6.2pp4.7%▲ 2.2pp0.0%▼ 4.7pp0.8%▲ 0.8pp
Equity€33,054-€39,648▲ 19.9%€55,795within the sector's middle half▲ 40.7%€55,596within the sector's middle half▼ 0.4%€59,263within the sector's middle half▲ 6.6%
Total assets€77,135-€66,563▼ 13.7%€105,355within the sector's middle half▲ 58.3%€175,112within the sector's middle half▲ 66.2%€122,723within the sector's middle half▼ 29.9%
Debt€44,082-€26,915▼ 38.9%€49,560▲ 84.1%€119,516▲ 141%€63,460▼ 46.9%
Working capital€31,387-€34,805▲ 10.9%€37,324within the sector's middle half▲ 7.2%€34,508within the sector's middle half▼ 7.5%€48,222within the sector's middle half▲ 39.7%
Solvency42.9%-59.6%▲ 16.7pp53.0%within the sector's middle half▼ 6.6pp31.7%within the sector's middle half▼ 21.2pp48.3%within the sector's middle half▲ 16.5pp
Current ratio1.71-2.29▲ 0.581.75within the sector's middle half▼ 0.541.29within the sector's middle half▼ 0.461.76within the sector's middle half▲ 0.47
Return on assets (ROA)26.6%-9.9%▼ 16.7pp15.3%within the sector's middle half▲ 5.4pp-0.1%below the sector's middle half▼ 15.4pp3.0%within the sector's middle half▲ 3.1pp
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €122,723
Fixed assets
€11,041 ▼ 47.6%
Current assets
€111,682 ▼ 27.5%
Equity and liabilities €122,723
Equity
€59,263 ▲ 6.6%
Debt
€63,460 ▼ 46.9%
Debt's share of the balance-sheet total falls from 68.3% to 51.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,015▲
2021 · €9,065
Cash flow
€13,714▲
2021 · €8,776
Debt to equity
1.07▼
2021 · 2.15
ROE
6.2%▲
2021 · -0.4%
Interest coverage
81.11▲
2021 · 58.43
Debt ≤ 1 year
€63,460▼
2021 · €119,516
Income taxes
€4,008▲
2021 · €985
Staff costs
€287▼
2021 · €833
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €310,817 | €485,972 | €471,052 | €908,815 | €646,217 | ▼ 28.9% |
| Non-recurring operating income76A | - | - | - | €2,869 | €6,966 | ▲ 143% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €900,636 | €631,248 | ▼ 29.9% |
| Remuneration, social security and pensions62 | - | - | - | €833 | €287 | ▼ 65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €833 | €2,421 | €3,487 | €8,975 | €10,047 | ▲ 11.9% |
| Other operating charges640/8 | - | - | - | €1,149 | €6,634 | ▲ 477% |
| Gross operating margin9900 | €29,621 | €16,876 | €26,588 | €11,047 | €21,935 | ▲ 98.6% |
| Operating profit (loss)9901 | €27,305 | €12,383 | €22,210 | €90 | €4,968 | ▲ 55× |
| Financial income75/76B | - | - | - | €851 | €2,893 | ▲ 240% |
| Recurring financial income75 | - | €1,563 | €220 | €851 | €2,893 | ▲ 240% |
| Financial charges65/66B | - | - | - | €155 | €185 | ▲ 19.3% |
| Recurring financial charges65 | €97 | €2,738 | €87 | €155 | €185 | ▲ 19.3% |
| Profit (loss) for the period before taxes9903 | €27,205 | €11,208 | €22,343 | €786 | €7,675 | ▲ 877% |
| Income taxes67/77 | €6,684 | €4,614 | €6,196 | €985 | €4,008 | ▲ 307% |
| Profit (loss) for the period9904 | €20,521 | €6,594 | €16,147 | -€199 | €3,667 | - |
| Profit (loss) for the period to be appropriated9905 | €20,521 | €6,594 | €16,147 | -€199 | €3,667 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77,135 | €66,563 | €105,355 | €175,112 | €122,723 | ▼ 29.9% |
| Fixed assets21/28 | €1,667 | €4,842 | €18,471 | €21,088 | €11,041 | ▼ 47.6% |
| Tangible fixed assets22/27 | €1,667 | €4,842 | €18,471 | €21,088 | €11,041 | ▼ 47.6% |
| Plant, machinery and equipment23 | - | - | - | €3,606 | €2,177 | ▼ 39.6% |
| Furniture and vehicles24 | - | - | - | €17,482 | €8,864 | ▼ 49.3% |
| Current assets29/58 | €75,469 | €61,720 | €86,884 | €154,024 | €111,682 | ▼ 27.5% |
| Amounts receivable within one year40/41 | €62,258 | €47,458 | €80,210 | €144,547 | €103,312 | ▼ 28.5% |
| Trade receivables40 | - | - | - | €105,045 | €84,078 | ▼ 20.0% |
| Other amounts receivable41 | - | - | - | €39,502 | €19,234 | ▼ 51.3% |
| Cash at bank and in hand54/58 | €1,691 | €12,905 | €5,154 | €5,935 | €4,956 | ▼ 16.5% |
| Deferred charges and accrued income490/1 | - | - | - | €3,542 | €3,415 | ▼ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77,135 | €66,563 | €105,355 | €175,112 | €122,723 | ▼ 29.9% |
| Equity10/15 | €33,054 | €39,648 | €55,795 | €55,596 | €59,263 | ▲ 6.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €466 | €466 | €466 | €466 | €466 | = |
| Non-distributable reserves130/1 | - | - | - | €466 | €466 | = |
| Reserves not available under the articles1311 | - | - | - | €466 | €466 | = |
| Profit (loss) carried forward14 | €26,388 | €32,982 | €49,129 | €48,930 | €52,597 | ▲ 7.5% |
| Amounts payable17/49 | €44,082 | €26,915 | €49,560 | €119,516 | €63,460 | ▼ 46.9% |
| Amounts payable within one year42/48 | €44,082 | €26,915 | €49,560 | €119,516 | €63,460 | ▼ 46.9% |
| Trade debts44 | €20,760 | €20,494 | €14,928 | €107,049 | €58,917 | ▼ 45.0% |
| Suppliers440/4 | - | - | - | €107,049 | €58,917 | ▼ 45.0% |
| Taxes, remuneration and social security45 | - | - | - | €9,080 | €4,543 | ▼ 50.0% |
| Taxes450/3 | - | - | - | €9,080 | €4,543 | ▼ 50.0% |
| Other amounts payable47/48 | - | - | - | €3,387 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,521 | €6,594 | €16,147 | -€199 | €3,667 | - |
| + Depreciation and write-downs630 | €833 | €2,421 | €3,487 | €8,975 | €10,047 | ▲ 11.9% |
| Operating cash flow (approximation) | €21,355 | €9,015 | €19,634 | €8,776 | €13,714 | ▲ 56.3% |
| Investment in fixed assets (approximation) | - | -€5,597 | -€17,115 | -€11,592 | €0 | - |
| Change in cash | - | €11,214 | -€7,751 | €781 | -€979 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 02-11-2023 | 2023-00509113 |
| 31-12-2021 | micro format | 12-10-2022 | 2022-20467769 |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70500587 |
| 31-12-2019 | micro format | 11-11-2020 | 2020-70700355 |
| 31-12-2018 | micro format | 11-12-2019 | 2019-76300094 |
| 31-12-2017 | micro format | 12-11-2018 | 2018-72100024 |
| 31-12-2016 | micro format | 23-04-2018 | 2018-10600555 |
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Of the 15,128 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,461. 6,206 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, 1 in day-to-day management, last change in 2023
Board 1
IORDACHE Gheorghita
CurrentDirector (not named in the articles) and managing director · since 08-06-2023
Day-to-day management 1
IORDACHE Gheorghita
CurrentDirector (not named in the articles) and managing director · since 08-06-2023
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
3 of this company's 4 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2023, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| IORDACHE Gheorghita |
|
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Emilie Michel Avenue De Fre 229, 1180 02 Uccle |
30-09-2024 → present |
Owners and capital
Capital and shareholders
Capital over the years
- 08-06-2023 Converted to unavailable equity · €6,665.92
- 08-06-2023 Converted to uncalled contributions · €12,400
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
2024
07-10
Bankruptcy
Opening
French-language Enterprise Court of Brussels · judgment of 30-09-2024
2023
02-11
NBB filing
Annual accounts filed
financial year 2022 · micro format · 94 days late
08-06
Gazette deed
Resignation: IORDACHE Gheorghita (manager)Appointment: IORDACHE Gheorghita (director and managing director) · Director discharge · Registered office clause12 facts ▸
Gazette deed
Resignation: IORDACHE Gheorghita (manager)
Appointment: IORDACHE Gheorghita (director and managing director) · Director discharge · Registered office clause12 facts ▸
- Director resignation, IORDACHE Gheorghita (manager)
- Director appointment, IORDACHE Gheorghita (director (not named in the articles) and managing director)
- Director discharge, IORDACHE Gheorghita
- Registered office clause, “1090 JETTE, Rue Henri Werrie”, 78-80 (deed in French)
- Power of attorney
- General meeting, 01-06-2023
- Other provision, “adaptation des statuts aux dispositions du Code des sociétés et des associations, Première résolution” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres « apports non appelés »” (deed in French)
- Other provision, “suppression du compte de capitaux propres statutairement indisponible et mise à disposition pour distributions futures, conformément aux conditions de formes et…” (deed in French)
- Other provision, “refonte des statuts et adoption de statuts complètement nouveaux en concordance avec le Code des sociétés et des associations, Troisième résolution” (deed in French)
- Capital
2022
31-12
Financial
Back to profitnet €3,667
Net result €3,667 after one loss-making year.
12-10
NBB filing
Annual accounts filed
financial year 2021 · micro format · 73 days late
2021
31-12
Financial
Weakest financial yearnet -€199
Net result drops to -€199, the lowest in the series.
30-09
NBB filing
Annual accounts filed
financial year 2020 · micro format · 61 days late
2020
11-11
NBB filing
Annual accounts filed
financial year 2019 · micro format · 103 days late
2019
11-12
NBB filing
Annual accounts filed
financial year 2018 · micro format · 133 days late
2018
12-11
NBB filing
Annual accounts filed
financial year 2017 · micro format · 104 days late
23-04
NBB filing
Annual accounts filed
financial year 2016 · micro format · 266 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Opening faillissement
FUTUR CONSTRUCT is in the KBO register with the legal situation: opening faillissement.
- Legal situation
- Opening faillissement
- Last annual accounts
- financial year to 31 December 2022
- Legal form
- Private limited company
- Active since
- 22 January 2016
Register details
Identification
Legal formPrivate limited company
Founded22-01-2016
Financial year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0646907846
Also
9925:BE0646907846
Registered
25-10-2026
New in the register since 26 October 2026.
The company is no longer active; its listing in the Peppol Directory can remain until its access point withdraws it.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Jette · 1 establishment unit since 2016
Ground area
197 m²
Building footprint
169 m²
Building volume
2,295 m³
Parcel 21463D0281/00W006, Brussels · tallest building 16.0 m. Linked by address, not a title deed.
1 establishment unit
FUTUR CONSTRUCT
since 2016unit no. 2.250.382.380
1 parcel
Brussels
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21463D0281/00W006 | Brussels | 197 m² | 1 · 169 m² | 16.0 m · 5 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FUTUR CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, défaut sans limitation, assemblée fixe nombre,durée,pouvoirs si pluralité” (deed in French)“Fixe ou proportionnelle, frais généraux hors représentation/voyages/déplacements” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Mentionné notification initiale ou expert commun accord sinon président tribunal entreprise référé requête plus diligent, moitié cédant…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté assemblée de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, si aucun autre liquidateur désigné” (deed in French)