GLOBAL HOME CONSTRUCT

Open bankruptcy

Private limited companyfounded 2011Avenue de l'Indépendance 57, 4020 Liège, BelgiumKBO/BCE: BE 0841.100.559

A bankruptcy procedure is open for GLOBAL HOME CONSTRUCT according to publications in the Belgian State Gazette; curator: INGRID VON FRENCKELL. The 2023 annual accounts show negative equity (€-48k) and a net result of €-113k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

30 d late

2022

3 d early

2021

4 d early

2020

3 d early

2019

9 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, full schema

Turnover

€2.30M▼ 8.2%

2018 · €2.51M

2018: €2.51M

2018 → 2019

EBIT margin

4.0%▲ 0.1pp

2018 · 4.0%

2018: 4.0%

2018 → 2019

Net result

€-113k▲ 32.4%

2022 · €-167k

2018: €91k 2019: €67k 2020: €28k 2021: €65k 2022: €-167k

2018 → 2023

Working capital

€-462k▼ 31.0%

2022 · €-352k

2018: €135k 2019: €-241k 2020: €-206k 2021: €-133k 2022: €-352k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Turnover€2.30M-

Equity€184k-€212k▲ 15.0%€233k▲ 9.6%€65k▼ 71.9%€-48k

Operating result€93k-€43k▼ 54.1%€66k▲ 55.2%€-149k€-83k▲ 44.6%

Net result€67k-€28k▼ 58.8%€65k▲ 137%€-167k€-113k▲ 32.4%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €83k in 2023 against €149k in 2022; the loss shrinks.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €1.17M

35.3%

64.7%

Fixed assets €414k▼ 0.9%

Current assets €759k▼ 7.6%

Key figures and ratios

2023 value · change against 2022

EBITDA

€-79k▲

2022 · €-142k

Cash flow

€-109k▲

2022 · €-160k

Solvency

-4.1%▼

2022 · 5.3%

Current ratio

0.62▼

2022 · 0.70

Quick ratio

0.62▼

2022 · 0.70

Debt / equity

-25.66▼

2022 · 17.94

ROA

-9.6%▲

2022 · -13.5%

Interest coverage

-2.36▲

2022 · -7.90

Debt

€1.22M▲

2022 · €1.17M

Debt ≤ 1 year

€1.22M▲

2022 · €1.17M

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€1.24M€1.17M▼

Fixed assets21/28€418k€414k▼

Tangible fixed assets22/27€14k€10k▼

Plant, machinery and equipment23€8k€5k▼

Furniture and vehicles24€5k€4k▼

Other tangible fixed assets26€1k€1k=

Financial fixed assets28€404k€404k=

Current assets29/58€822k€759k▼

Amounts receivable within one year40/41€727k€710k▼

Trade receivables40€681k€654k▼

Other amounts receivable41€47k€57k▲

Cash at bank and in hand54/58€89k€23k▼

Deferred charges and accrued income490/1€5k€26k▲

Equity and liabilities

Total equity and liabilities10/49€1.24M€1.17M▼

Equity10/15€65k€-48k▼

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k-

Reserves not available under the articles1311€2k-

Distributable reserves133-€2k

Profit (loss) carried forward14€45k€-68k▼

Amounts payable17/49€1.17M€1.22M▲

Amounts payable within one year42/48€1.17M€1.22M▲

Current portion of amounts payable after more than one year42€590k€570k▼

Trade debts44€534k€600k▲

Suppliers440/4€534k€600k▲

Other amounts payable47/48€50k€51k▲

Income statement Code20222023

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼

Other operating charges640/8€8k€10k▲

Gross operating margin9900€-134k€-69k▲

Operating profit (loss)9901€-149k€-83k▲

Financial income75/76B€32€3k▲

Recurring financial income75€32€3k▲

Financial charges65/66B€18k€33k▲

Recurring financial charges65€18k€33k▲

Profit (loss) for the period before taxes9903€-167k€-113k▲

Profit (loss) for the period9904€-167k€-113k▲

Profit (loss) for the period to be appropriated9905€-167k€-113k▲

Appropriation of the result

Profit (loss) to be appropriated9906€45k€-68k▼

Profit (loss) brought forward from the previous period14P€212k€45k▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Signals 1Financial 2Filings 10

2025

10-07

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Liège · GLOBAL HOME CONSTRUCT SRL AVENUE DE L’INDEPENDANCE 57, 4020 LIEGE 2 · event 03-07-2025

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 30 days late

2023

28-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Weakest financial yearnet €-167k ▼355%

Net result drops to €-167k, the lowest in the series.

27-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

28-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Equity above €200kEq €212k ▲15%

3 profitable years in a row build equity to €212k.

22-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

23-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

24-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

25-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

25-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

2015

23-07

NBB filing Annual accounts filed

fiscal year 2014 · full schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

10 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, Liège · 2 establishment units since 2011

establishment All 2 establishment units on the map

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.

Avenue de l'Indépendance 574020 Liège

Ground area

3.8 ha

Building footprint

2,036 m²

Volume, LiDAR

13,606 m³

3 parcels, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

GLOBAL HOME CONSTRUCT

Rue du Cheval Blanc 20, 4690 BassengeManufacture of fabricated metal products, except machinery and equipment

since 20112.206.855.908

GLOBAL HOME CONSTRUCT

Avenue de l'Indépendance 53, 4020 LiègeManufacture of fabricated metal products, except machinery and equipment

since 20202.323.164.945

3 parcels

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62113B0446/00G002	Wallonia	3.7 ha	1 · 301 m²	7.8 m · 3 fl.
62113B0466/00B003	Wallonia	1,076 m²	1 · 1,675 m²	10.8 m · 2 fl.
62044A0655/00H000	Wallonia	273 m²	1 · 59 m²	10.1 m · 3 fl.