Equity
-€572,304 from €54,533 in 2015
Equity fell below zero in 2016.
GRIMMO CONSTRUCT
Overview
Lifetime
6 annual accounts with figures on one time axispeak €79,651 (2014)
-€146,251previous year 18 months
lowest -€344,751 (2018)
-€209,152previous year 18 months
peak €54,533 (2015)
-€572,304▼ €209,152
€2.6m▼ 7.1%
Board1 name since 2015
-
Documentsfilings and deeds
23-10-202084 days late
2019abbreviated format
Loss of €209,152Equity from -€363,152 to -€572,304Cash from €50,056 to €116,475
Key points
from the 2019 annual accounts, the last ones filedDebts
€2.6m 128% of the balance sheet
After one year 86%Within one year 14%
Of this, €364,861 falls due within a year.
Filings
6 annual accounts 6 late
The 2019 accounts came latest: 84 days after the end of the period.
Turnover not published (abbreviated format)
Recent changes
Bankruptcy closure (insufficient assets)
Enterprise Court of Ghent, Kortrijk division · judgment of 03-01-2023 · Bankruptcy
Bankruptcy published
Enterprise Court of Ghent, Kortrijk division · judgment of 11-03-2021 · Bankruptcy
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Ieper
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Slopen van niet vrijstaande gebouwen of constructies · Nieuwpoort
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 05-11-2012 · bankruptcy closed on 03-01-2023
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2019
- -€146,251▲ 43.8%
- €209,152▼ 39.3%
- -€572,304▼ 57.6%
- €2.0m▼ 16.7%
- Filing
- Filed on 23-10-2020
Insights on GRIMMO CONSTRUCT
Equity fell from €54,533 in 2015 to -€572,304 in 2019, while debts rose from €1.0m to €2.6m.
On 11 March 2021 the court declared GRIMMO CONSTRUCT bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2019
abbreviated format, filed on 23-10-2020, 84 days late-€146,251
previous year 18 months
-€152,358
previous year 18 months
-€209,152
previous year 18 months
€1.7m
▼ 16.0%
-28.0%
▼ 13.2 percentage points
5.58
▲ 0.20
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €2.0m on 31-12-2019What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2019 | 201818 months | 2017 | 2016 | 2015 | 201420 months |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
2.0m | 2.5m | 2.5m | 2.8m | 1.1m | 954,566 | |
21/28 |
7,875 | 12,312 | 19,250 | 17,971 | 8,871 | 5,551 | |
22/27 |
3,875 | 7,512 | 14,225 | 12,771 | 8,071 | 3,951 | |
23 |
1,353 | 3,490 | 7,947 | 12,493 | 7,793 | 2,806 | |
24 |
2,522 | 4,022 | 6,278 | 278 | 278 | 1,144 | |
28 |
4,000 | 4,800 | 5,025 | 5,200 | 800 | 1,600 | |
29/58 |
2.0m | 2.4m | 2.5m | 2.8m | 1.1m | 949,015 | |
3 |
1.6m | 2.2m | 1.2m | 1.4m | 624,255 | 773,824 | |
30/36 |
1.6m | 2.2m | 1.2m | 1.4m | 624,255 | 773,824 | |
40/41 |
269,969 | 187,453 | 891,320 | 619,349 | 447,826 | 40,687 | |
40 |
252,104 | 14,997 | 291,544 | 50,982 | 21,819 | - | |
41 |
17,865 | 172,456 | 599,776 | 568,367 | 426,007 | 40,687 | |
54/58 |
116,475 | 50,056 | 400,248 | 782,534 | 11,557 | 134,504 | |
490/1 |
- | - | 709 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
2.0m | 2.5m | 2.5m | 2.8m | 1.1m | 954,566 | |
10/15 |
-572,304 | -363,152 | -168,400 | -20,758 | 54,533 | 37,428 | |
10/11 |
168,550 | 168,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
100 |
168,550 | 168,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
13 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 944 | |
130 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 944 | |
14 |
-742,709 | -533,557 | -188,805 | -41,163 | 34,128 | 17,935 | |
17/49 |
2.6m | 2.8m | 2.7m | 2.9m | 1.0m | 917,137 | |
17 |
2.3m | 2.3m | 2.3m | 2.3m | 882,132 | 600,000 | |
170/4 |
2.3m | 2.3m | 2.3m | 2.3m | 882,132 | 600,000 | |
42/48 |
364,861 | 453,659 | 307,972 | 504,933 | 155,844 | 305,006 | |
43 |
275,000 | 425,000 | 95,000 | 299,000 | - | 265,000 | |
430/8 |
275,000 | 425,000 | 95,000 | 299,000 | - | 265,000 | |
44 |
10,264 | 23,688 | 193,788 | 179,676 | 140,197 | 28,994 | |
440/4 |
10,264 | 23,688 | 193,788 | 179,676 | 140,197 | 28,994 | |
45 |
2,730 | 608 | 16,370 | 24,635 | 15,205 | 10,705 | |
450/3 |
2,730 | 608 | 16,370 | 24,635 | 15,205 | 10,705 | |
47/48 |
76,867 | 4,364 | 2,814 | 1,622 | 442 | 307 | |
492/3 |
- | 112,500 | 39,679 | 30,679 | - | 12,132 | |
| Income statement | |||||||
9900 |
-146,251 | -260,002 | -46,826 | -6,746 | 59,031 | 79,651 | |
630 |
3,637 | 7,163 | 5,021 | - | 7,041 | 7,199 | |
640/8 |
2,471 | 1,746 | 1,347 | 2,114 | 1,727 | 4,753 | |
9901 |
-152,358 | -268,911 | -53,194 | -8,860 | 50,263 | 67,699 | |
75/76B |
3,291 | 7,540 | 130 | 795 | 1,251 | 354 | |
75 |
3,291 | 7,540 | 130 | 795 | 1,251 | 354 | |
65/66B |
60,084 | 83,380 | 94,578 | 67,226 | 25,942 | 39,966 | |
65 |
60,084 | 83,380 | 94,578 | 67,226 | 25,942 | 39,966 | |
9903 |
-209,152 | -344,751 | -147,642 | -75,292 | 25,571 | 28,087 | |
67/77 |
- | - | - | - | 8,466 | 9,209 | |
9904 |
-209,152 | -344,751 | -147,642 | -75,292 | 17,105 | 18,878 | |
9905 |
-209,152 | -344,751 | -147,642 | -75,292 | 17,105 | 18,878 | |
| Appropriation of the result | |||||||
9906 |
-742,709 | -533,557 | -188,805 | -41,163 | 35,039 | 18,878 | |
691/2 |
- | - | - | - | 911 | 944 | |
6920 |
- | - | - | - | 911 | 944 | |
| Document | |||||||
Source: Annual accounts 2019 (PDF), filed on 23-10-2020.
Filings
each dot is a set of accounts, on the day it reached the National Bank2019 annual accounts filed 84 days after the deadline. Filed on 23 October 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-62800235.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | abbreviated format | 23-10-2020 | 2020-62800235 | |
| 31-12-2018 | abbreviated format | 11-09-2019 | 2019-64000002 | |
| 30-06-2017 | abbreviated format | 16-03-2018 | 2018-07300216 | |
| 30-06-2016 | abbreviated format | 27-02-2017 | 2017-05300269 | |
| 30-06-2015 | abbreviated format | 02-02-2016 | 2016-03800137 | |
| 30-06-2014 | abbreviated format | 11-02-2015 | 2015-04000271 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2019 | 201818 months | 2017 | 2016 | 2015 | 201420 months |
|---|---|---|---|---|---|---|---|
| -148,721 | -261,748 | -48,173 | - | 57,304 | 74,898 | ||
| -205,515 | -337,588 | -142,622 | - | 24,146 | 26,078 | ||
| -800 | 450 | 7,500 | 9,100 | 11,161 | 12,750 | ||
| 66,419 | -350,192 | -382,286 | 770,977 | -122,947 | - | ||
| 1.7m | 2.0m | 2.2m | 2.3m | 927,794 | 644,010 | ||
| -28.0% | -14.8% | -6.7% | -0.7% | 5.0% | 3.9% | ||
| 5.58 | 5.38 | 8.07 | 5.59 | 6.95 | 3.11 | ||
| 1.06 | 0.52 | 4.20 | 2.78 | 2.95 | 0.57 | ||
| - | - | - | - | 19.03 | 24.50 | ||
| - | - | - | - | 31.4% | 50.4% | ||
| -10.2% | -14.1% | -5.9% | -2.7% | 1.6% | 2.0% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on GRIMMO CONSTRUCT
The operating result for 2019 is a loss of €152,358, smaller than the loss of €268,911 in 2018.
Equity is negative. Debt (€2.6m) exceeds the balance-sheet total (€2.0m).
Large changes and their cause
- 2018 Net result -134% on 2017. This financial year ran 18 months, the previous one 12.
Board & ownership
Curator
1 mandateCurator, Roeselaarsestraat 55 A, 8850 Ardooie
from 11-03-2021 to 03-01-2023
Also on 58 other cases
Mandates through the years
1 nameManager
Earliermandate already running before its first mentionend not datedBankruptcy 11-03-2021
Mandates as a list
-
- Manager, from before 07-09-2015, last mentioned in 2015
Control
Capital
- Capital
- €168,550
- Source
- deed of 05-07-2018
Articles of association
deed of 05-07-2018 (in Dutch)- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Saturday of June at 14:00
Network & group
No group
GRIMMO CONSTRUCT has no parent and no holdings in its annual accounts.
Connections & network
See the function holders in the KBO register.
Timeline
Timeline
15 events since 2012Capital
Filings
Financial
Permits
Insolvency
Address
20122014201620182020202220242026
2023
Bankruptcy closure (insufficient assets) Enterprise Court of Ghent, Kortrijk division · judgment of 03-01-2023
2021
Bankruptcy published Enterprise Court of Ghent, Kortrijk division · judgment of 11-03-2021
2020
Annual accounts 2019 filed PDFabbreviated format · 84 days late
Environmental permit granted Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Ieper
Environmental permit granted Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Slopen van niet vrijstaande gebouwen of constructies · Nieuwpoort
2019
Annual accounts 2018 filed PDFabbreviated format · 42 days late
2018
Weakest financial year net -€344,751 The net result drops to -€344,751, the lowest from 2014 to 2019.
Capital increase of €150,000 to €168,550Capital from €18,550 to €168,5503 points ▸
- Capital, €168,550
- Power of attorney,
- Capital increase, €150,000
- The deed holds 4 more points.
Annual accounts 2017 filed PDFabbreviated format · 44 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 27 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 2 days late
2015
Registered office moved from Alveringem to HoogledeNew registered office: Kleine Noordstraat 68 te 8830 Hooglede · Previous registered office: Gijverinkhovestraat 2 te 8691 Alveringem1 point ▸
- Registered-office move, Kleine Noordstraat 68 te 8830 Hooglede
Liquidity more than doubled current ratio 6.95 The current ratio rises from 3.11 to 6.95. Short-term debt falls from €305,006 to €155,844.
Annual accounts 2014 filed PDFabbreviated format · 11 days late
2012
Incorporation PDF4 publications in the Belgian Official Gazette, the last on 17-01-2023
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Financial year and meetings according to the articles of association
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Saturday of June at 14:00
Articles of association, deed of 05-07-2018 (in Dutch)
Environmental permits
2 applications in Flanders since 2019 · 2 granted| 14-04-2020 | Granted | Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 30-01-2020 · project 2020010935 | Ieper |
| 24-03-2020 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Slopen van niet vrijstaande gebouwen of constructies submitted 29-11-2019 · project 2019128486 | Nieuwpoort |
Source: Omgevingsloket Vlaanderen.
Inactive
GRIMMO CONSTRUCT is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2019
- Last registered office
- Kleine Noordstraat 68, 8830 Hoogledeas published on 5 July 2018
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2014