GIANT CONSTRUCTION
InactiveGIANT CONSTRUCTION was declared bankrupt on 09-08-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 27-02-2024, published in the Belgian State Gazette on 08-03-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 6 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 09-06-2021, 52 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
52 d early
2019
76 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-1k
2019 · €94
2018: €10k
2019: €94
2018 → 2020
Working capital
€42k▲ 204%
2019 · €14k
2018: €8k
2019: €14k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€44k-€45k▲ 0.2%€54k▲ 22.0%
Operating result€33k-€10k▼ 68.5%€11k▲ 8.6%
Net result€10k-€94▼ 99.0%€-1k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 9% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €224k
Fixed assets
€28k ▼ 70.3%
Current assets
€197k ▲ 11.0%
Equity and liabilities €224k
Equity
€54k ▲ 22.0%
Debt
€170k ▼ 24.7%
Debt's share of the balance-sheet total falls from 83.5% to 75.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▼
2019 · €49k
Cash flow
€16k▼
2019 · €39k
Current ratio
1.27▲
2019 · 1.08
Debt to equity
0.29▼
2019 · 1.41
ROE
-1.8%▼
2019 · 0.2%
ROA
-0.4%▼
2019 · 0.0%
Debt ≤ 1 year
€155k▼
2019 · €163k
Debt > 1 year
€16k▼
2019 · €63k
Income taxes
€3k▼
2019 · €6k
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 · 2020 against 2019 · 25 lines
Balance sheet
Code20192020
Assets
Total assets20/58€270k€224k▼
Fixed assets21/28€93k€28k▼
Tangible fixed assets22/27€92k€28k▼
Financial fixed assets28€1k€70▼
Current assets29/58€177k€197k▲
Stocks and contracts in progress3€3k-
Amounts receivable within one year40/41€133k€191k▲
Cash at bank and in hand54/58€37k€3k▼
Equity and liabilities
Total equity and liabilities10/49€270k€224k▼
Equity10/15€45k€54k▲
Contributions10/11€8k€19k▲
Reserves13€2k€2k=
Profit (loss) carried forward14€35k€34k▼
Amounts payable17/49€226k€170k▼
Amounts payable after more than one year17€63k€16k▼
Amounts payable within one year42/48€163k€155k▼
Trade debts44€134k€94k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€17k▼
Gross operating margin9900€64k€102k▲
Operating profit (loss)9901€10k€11k▲
Recurring financial charges65€4k€9k▲
Profit (loss) for the period before taxes9903€6k€2k▼
Income taxes67/77€6k€3k▼
Profit (loss) for the period9904€94€-1k▼
Profit (loss) for the period to be appropriated9905€94€-1k▼
Timeline · acts, filings and financial milestones
2024
08-03
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · GIANT CONSTRUC- TION BV PAUL GILSONLAAN 450, 1620 DROGENBOS · event 27-02-2024
2022
17-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · GIANT CONSTRUCTION BV PAUL GILSONLAAN 450, 1620 DROGENBOS · event 09-08-2022
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-1k ▼1171%
Net result drops to €-1k, the lowest in the series.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 76 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
15-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 15 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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 | SVEN DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
09-08-2022 → 27-02-2024 |