HVI CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for HVI CONSTRUCT according to publications in the Belgian State Gazette; curator: GUNTHER PEETERS. The 2021 annual accounts show equity of €55k and a net result of €17k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-05-2021 was due by 31-12-2021 and was filed on 09-02-2022, 40 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 filed
2024
not filed
2023
not filed
2022
not filed
2021
40 d late
2020
42 d late
2019
51 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€118k▼ 13.9%
2019 · €137k
2019: €137k
2019 → 2020
EBIT margin
34.0%▲ 23.8pp
2019 · 10.1%
2019: 10.1%
2019 → 2020
Net result
€17k▼ 52.2%
2020 · €35k
2019: €11k
2020: €35k
2019 → 2021
Working capital
€54k▲ 55.2%
2020 · €35k
2019: €24k
2020: €35k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Turnover€137k-€118k▼ 13.9%
Equity€24k-€39k▲ 63.6%€55k▲ 43.4%
Operating result€14k-€40k▲ 189%€21k▼ 46.9%
Net result€11k-€35k▲ 221%€17k▼ 52.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 47% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €64k
Fixed assets
€2k▼ 59.9%
Current assets
€63k▼ 13.9%
Equity and liabilities €64k
Equity
€55k▲ 43.4%
Debt
€9k▼ 76.7%
The debt ratio falls from 49.7% to 13.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2020 · €42k
Cash flow
€19k▼
2020 · €36k
Solvency
86.1%▲
2020 · 50.3%
Current ratio
7.04▲
2020 · 1.91
Quick ratio
7.04▲
2020 · 1.91
ROE
30.3%▼
2020 · 90.8%
ROA
26.1%▼
2020 · 45.6%
Debt
€9k▼
2020 · €38k
Debt ≤ 1 year
€9k▼
2020 · €38k
Income taxes
€4k▲
2020 · €4k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€77k€64k▼
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Current assets29/58€73k€63k▼
Amounts receivable within one year40/41€72k€60k▼
Cash at bank and in hand54/58€393€2k▲
Equity and liabilities
Total equity and liabilities10/49€77k€64k▼
Equity10/15€39k€55k▲
Reserves13€2k€2k=
Profit (loss) carried forward14€30k€47k▲
Amounts payable17/49€38k€9k▼
Amounts payable within one year42/48€38k€9k▼
Trade debts44€6k€778▼
Income statement
Code20202021
Turnover70€118k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Gross operating margin9900€42k€24k▼
Operating profit (loss)9901€40k€21k▼
Recurring financial charges65€1k€448▼
Profit (loss) for the period before taxes9903€39k€21k▼
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€35k€17k▼
Profit (loss) for the period to be appropriated9905€35k€17k▼
Timeline · acts, filings and financial milestones
2023
20-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · HVI CONSTRUCT BV HEIZEL- STRAAT 162, 1020 BRUSSEL 2 · event 07-09-2023
2022
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 40 days late
2021
31-05
Financial
Liquidity quadruplescurrent ratio 7.04
Current ratio from 1.91 to 7.04; short-term debt falls from €38k to €9k.
11-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 42 days late
2020
31-05
Financial
Highest result since 2019net €35k ▲221%
Operating result €40k, net result €35k, both a record.
20-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 51 days late
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2016
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.
Heizelstraat 1621020 BrusselGround area
79 m²
Building footprint
80 m²
Volume, LiDAR
721 m³
Parcel 21816C0001/00S007, Brussels · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HVI CONSTRUCT
since 20162.258.074.381
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0001/00S007 | Brussels | 79 m² | 1 · 80 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUNTHER PEETERS KUNSTLAAN 24 BUS 9,
1000 BRUSSEL 1 |
07-09-2023 → present |
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 13,140 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-10-2016
Fiscal year end31-05
Activities, NACEBEL
41001General construction of residential buildings
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.