HKF CONSTRUCT
InactiveHKF CONSTRUCT was declared bankrupt on 20-11-2023 (Tribunal de l’entreprise du Hainaut, division Mons); the bankruptcy was closed by liquidation by judgment of 19-01-2026, published in the Belgian State Gazette on 23-01-2026.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three 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 31-12-2023, 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
31-12-2023 close31-07-2024 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 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 confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
4 d early
2020
28 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 29 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
€16,065▼ 20.7%
2021 · €20,251
Total assets
€51,443▲ 5.1%
2021 · €48,956
Net result
-€4,186▼ 98.0%
2021 · -€2,114
Working capital
€11,582▼ 33.1%
2021 · €17,320
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€2,491-€2,485▼ 0.3%-€1,234-€1,576▼ 27.7%
Net result€1,601-€2,164▲ 35.1%-€2,114-€4,186▼ 98.0%
Equity€20,201-€22,365▲ 10.7%€20,251▼ 9.5%€16,065▼ 20.7%
Total assets€21,647-€24,411▲ 12.8%€48,956▲ 101%€51,443▲ 5.1%
Debt€1,446-€2,046▲ 41.5%€28,705▲ 1,303%€35,377▲ 23.2%
Working capital€18,237-€21,484▲ 17.8%€17,320▼ 19.4%€11,582▼ 33.1%
Staff (FTE)12▲ 100%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,576 in 2022 against €1,234 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €51,443
Fixed assets
€16,792 ▼ 24.5%
Current assets
€34,650 ▲ 30.4%
Equity and liabilities €51,443
Equity
€16,065 ▼ 20.7%
Debt
€35,377 ▲ 23.2%
Debt's share of the balance-sheet total rises from 58.6% to 68.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,021▲
2021 · €352
Cash flow
€1,411▲
2021 · -€527
Current ratio
1.50▼
2021 · 2.87
Debt to equity
2.20▲
2021 · 1.42
ROE
-26.1%▼
2021 · -10.4%
ROA
-8.1%▼
2021 · -4.3%
Interest coverage
1.04▲
2021 · 0.65
Debt ≤ 1 year
€23,068▲
2021 · €9,246
Debt > 1 year
€12,309▼
2021 · €19,458
Income taxes
€116▼
2021 · €117
Staff costs
€85,701▲
2021 · €34,416
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €34,416 | €85,701 | ▲ 149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,534 | €1,083 | €1,587 | €5,597 | ▲ 253% |
| Other operating charges640/8 | - | - | €872 | €1,043 | ▲ 19.6% |
| Gross operating margin9900 | €4,805 | €4,145 | €35,640 | €90,766 | ▲ 155% |
| Operating profit (loss)9901 | €2,491 | €2,485 | -€1,234 | -€1,576 | ▼ 27.7% |
| Financial income75/76B | - | - | €0 | €1,951 | ▲ 19,513,200% |
| Recurring financial income75 | - | €20 | €0 | €1,951 | ▲ 19,513,200% |
| Financial charges65/66B | - | - | €763 | €4,445 | ▲ 483% |
| Recurring financial charges65 | €45 | €108 | €540 | €3,871 | ▲ 617% |
| Non-recurring financial charges66B | - | - | €222 | €574 | ▲ 158% |
| Profit (loss) for the period before taxes9903 | €2,447 | €2,397 | -€1,997 | -€4,070 | ▼ 104% |
| Income taxes67/77 | €845 | €233 | €117 | €116 | ▼ 0.7% |
| Profit (loss) for the period9904 | €1,601 | €2,164 | -€2,114 | -€4,186 | ▼ 98.0% |
| Profit (loss) for the period to be appropriated9905 | €1,601 | €2,164 | -€2,114 | -€4,186 | ▼ 98.0% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €21,647 | €24,411 | €48,956 | €51,443 | ▲ 5.1% |
| Formation expenses20 | €644 | €395 | €146 | - | - |
| Fixed assets21/28 | €1,319 | €486 | €22,244 | €16,792 | ▼ 24.5% |
| Tangible fixed assets22/27 | €1,319 | €486 | €22,069 | €16,617 | ▼ 24.7% |
| Furniture and vehicles24 | - | - | €2,623 | €1,177 | ▼ 55.1% |
| Leasing and similar rights25 | - | - | €19,446 | €15,440 | ▼ 20.6% |
| Financial fixed assets28 | - | - | €175 | €175 | = |
| Current assets29/58 | €19,683 | €23,530 | €26,566 | €34,650 | ▲ 30.4% |
| Stocks and contracts in progress3 | - | €5,410 | €5,753 | - | - |
| Stocks30/36 | - | - | €5,753 | - | - |
| Amounts receivable within one year40/41 | €12,613 | €17,456 | €19,509 | €34,488 | ▲ 76.8% |
| Trade receivables40 | - | - | €4,176 | €15,880 | ▲ 280% |
| Other amounts receivable41 | - | - | €15,333 | €18,608 | ▲ 21.4% |
| Cash at bank and in hand54/58 | €7,071 | €664 | €1,305 | €162 | ▼ 87.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €21,647 | €24,411 | €48,956 | €51,443 | ▲ 5.1% |
| Equity10/15 | €20,201 | €22,365 | €20,251 | €16,065 | ▼ 20.7% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €80 | €80 | €80 | €80 | = |
| Non-distributable reserves130/1 | - | - | €80 | €80 | = |
| Reserves not available under the articles1311 | - | - | €80 | €80 | = |
| Profit (loss) carried forward14 | €1,521 | €3,685 | €1,571 | -€2,615 | ▼ 266% |
| Amounts payable17/49 | €1,446 | €2,046 | €28,705 | €35,377 | ▲ 23.2% |
| Amounts payable after more than one year17 | - | - | €19,458 | €12,309 | ▼ 36.7% |
| Financial debts170/4 | - | - | €19,458 | €12,309 | ▼ 36.7% |
| Amounts payable within one year42/48 | €1,446 | €2,046 | €9,246 | €23,068 | ▲ 149% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,645 | - |
| Financial debts43 | - | - | €1 | - | - |
| Credit institutions430/8 | - | - | €1 | - | - |
| Trade debts44 | - | €185 | €1,865 | €11,928 | ▲ 540% |
| Suppliers440/4 | - | - | €1,865 | €11,928 | ▲ 540% |
| Taxes, remuneration and social security45 | - | - | €7,381 | €7,495 | ▲ 1.6% |
| Taxes450/3 | - | - | €350 | €51 | ▼ 85.6% |
| Remuneration and social security454/9 | - | - | €7,030 | €7,445 | ▲ 5.9% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,601 | €2,164 | -€2,114 | -€4,186 | ▼ 98.0% |
| + Depreciation and write-downs630 | €1,534 | €1,083 | €1,587 | €5,597 | ▲ 253% |
| Operating cash flow (approximation) | €3,135 | €3,247 | -€527 | €1,411 | ▲ 368% |
| Investment in fixed assets (approximation) | - | -€249 | -€23,345 | -€146 | ▲ 99.4% |
| Change in cash | - | -€6,406 | €640 | -€1,143 | ▼ 278% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
23-01
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Hainaut, division Mons · event 19-01-2026
2023
06-12
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 20-11-2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€4,186
Net result drops to -€4,186, the lowest in the series.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
31-12
Financial
Highest result since 2019net €2,164 ▲35.1%
Net result €2,164, the highest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TONY BELLAVIA AVENUE DES EXPOSITIONS, 8A,
7000 MONS- .
Date provisoire de cessation de paiement : 20/11/2023 |
20-11-2023 → 19-01-2026 |