IMMO GIACCONE CONSTRUCT
Open bankruptcySummary
A bankruptcy procedure is open for IMMO GIACCONE CONSTRUCT according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €266,031 and a net result of -€74,018.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Leuven
- Declared bankrupt
- 27 November 2025
- Supervising judge
- Jacques Heynen
- Official Gazette
- 03-12-2025 (pdf) ↗search the document for 2025/149961
Deadlines
- Provisional date payments stopped
- 27 November 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 18 December 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 27 December 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 6 January 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 27 November 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Ellie VerhaegenParijsstraat 62, 3000 Leuvenellie.verhaegen@advocaat.be
- Alexander MeuwissenParijsstraat 62 Bus 0002, 3000 Leuvenalexander.meuwissen@advocaat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€74,018
2022 · €48,280
Working capital
€211,464▼ 31.1%
2022 · €307,077
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€32,955▼ 72.1%€10,244▼ 68.9%€47,467▲ 363%€75,413▲ 58.9%-€70,865
Net result€22,281▼ 22.0%€6,292within the sector's middle half▼ 71.8%€32,665above the sector's middle half▲ 419%€48,280above the sector's middle half▲ 47.8%-€74,018below the sector's middle half
Equity€252,813▲ 9.7%€259,105within the sector's middle half▲ 2.5%€291,770above the sector's middle half▲ 12.6%€340,050above the sector's middle half▲ 16.5%€266,031above the sector's middle half▼ 21.8%
Total assets€320,217▼ 46.0%€332,501within the sector's middle half▲ 3.8%€377,315above the sector's middle half▲ 13.5%€471,537above the sector's middle half▲ 25.0%€527,720above the sector's middle half▲ 11.9%
Debt€67,404▼ 78.9%€73,396▲ 8.9%€85,545▲ 16.6%€131,487▲ 53.7%€261,689▲ 99.0%
Working capital€254,971▲ 9.0%€256,537within the sector's middle half▲ 0.6%€286,603above the sector's middle half▲ 11.7%€307,077above the sector's middle half▲ 7.1%€211,464above the sector's middle half▼ 31.1%
Solvency79.0%▲ 40.1pp77.9%above the sector's middle half▼ 1.0pp77.3%above the sector's middle half▼ 0.6pp72.1%above the sector's middle half▼ 5.2pp50.4%within the sector's middle half▼ 21.7pp
Current ratio5.13▲ 1.194.50above the sector's middle half▼ 0.634.35above the sector's middle half▼ 0.143.34above the sector's middle half▼ 1.011.94within the sector's middle half▼ 1.39
Return on assets (ROA)7.0%▲ 2.1pp1.9%within the sector's middle half▼ 5.1pp8.7%within the sector's middle half▲ 6.8pp10.2%within the sector's middle half▲ 1.6pp-14.0%below the sector's middle half▼ 24.3pp
Staff (FTE)0.9
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €70,865 after €75,413 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €527,720
Fixed assets
€92,308 ▲ 180%
Current assets
€435,413 ▼ 0.7%
Equity and liabilities €527,720
Equity
€266,031 ▼ 21.8%
Debt
€261,689 ▲ 99.0%
Debt's share of the balance-sheet total rises from 27.9% to 49.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€54,222▼
2022 · €78,437
Cash flow
-€57,376▼
2022 · €51,303
Debt to equity
0.98▲
2022 · 0.39
ROE
-27.8%▼
2022 · 14.2%
Interest coverage
-18.51▼
2022 · 109.00
Debt ≤ 1 year
€223,948▲
2022 · €131,487
Debt > 1 year
€37,741
Income taxes
€233▼
2022 · €26,414
Staff costs
€35,309▲
2022 · €208
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 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €13,069 | €2,500 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €208 | €35,309 | ▲ 16,912% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,781 | €909 | €244 | €3,024 | €16,643 | ▲ 450% |
| Other operating charges640/8 | - | €2,380 | €785 | €3,964 | €500 | ▼ 87.4% |
| Non-recurring operating charges66A | - | €419 | €644 | €405 | €58 | ▼ 85.7% |
| Gross operating margin9900 | €43,394 | €13,952 | €49,140 | €83,014 | -€18,355 | ▼ 122% |
| Operating profit (loss)9901 | €32,955 | €10,244 | €47,467 | €75,413 | -€70,865 | ▼ 194% |
| Financial income75/76B | - | €2,529 | €1,037 | - | €9 | - |
| Recurring financial income75 | €456 | €2,529 | €1,037 | - | €9 | - |
| Financial charges65/66B | - | €985 | €1,393 | €720 | €2,929 | ▲ 307% |
| Recurring financial charges65 | €83,995 | €985 | €1,393 | €720 | €2,929 | ▲ 307% |
| Profit (loss) for the period before taxes9903 | €51,915 | €11,787 | €47,110 | €74,694 | -€73,785 | ▼ 199% |
| Income taxes67/77 | €29,634 | €5,496 | €14,445 | €26,414 | €233 | ▼ 99.1% |
| Profit (loss) for the period9904 | €22,281 | €6,292 | €32,665 | €48,280 | -€74,018 | ▼ 253% |
| Profit (loss) for the period to be appropriated9905 | €22,281 | €6,292 | €32,665 | €48,280 | -€74,018 | ▼ 253% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €320,217 | €332,501 | €377,315 | €471,537 | €527,720 | ▲ 11.9% |
| Fixed assets21/28 | €3,477 | €2,568 | €5,167 | €32,972 | €92,308 | ▲ 180% |
| Tangible fixed assets22/27 | €1,313 | €404 | €3,003 | €30,972 | €90,308 | ▲ 192% |
| Land and buildings22 | - | - | - | €20,102 | €19,921 | ▼ 0.9% |
| Plant, machinery and equipment23 | - | - | - | €4,862 | €3,662 | ▼ 24.7% |
| Furniture and vehicles24 | - | €404 | €3,003 | €6,008 | €6,929 | ▲ 15.3% |
| Leasing and similar rights25 | - | - | - | - | €59,796 | - |
| Financial fixed assets28 | €2,164 | €2,164 | €2,164 | €2,000 | €2,000 | = |
| Current assets29/58 | €316,740 | €329,933 | €372,148 | €438,564 | €435,413 | ▼ 0.7% |
| Amounts receivable within one year40/41 | €316,144 | €318,727 | €351,845 | €438,535 | €434,089 | ▼ 1.0% |
| Trade receivables40 | - | €179 | €13,957 | €74,413 | €116,862 | ▲ 57.0% |
| Other amounts receivable41 | - | €318,548 | €337,888 | €364,123 | €317,228 | ▼ 12.9% |
| Current investments50/53 | €52 | €103 | €155 | €3 | €3 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €170 | €11,031 | €19,051 | €25 | €1,320 | ▲ 5,115% |
| Deferred charges and accrued income490/1 | - | €72 | €1,098 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €320,217 | €332,501 | €377,315 | €471,537 | €527,720 | ▲ 11.9% |
| Equity10/15 | €252,813 | €259,105 | €291,770 | €340,050 | €266,031 | ▼ 21.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | - | - | - | - |
| Issued capital100 | - | €18,592 | - | - | - | - |
| Reserves13 | €4,381 | €4,381 | €4,381 | €4,381 | €4,381 | = |
| Non-distributable reserves130/1 | - | €4,381 | €4,381 | €4,381 | €4,381 | = |
| Reserves not available under the articles1311 | - | €4,381 | €4,381 | €4,381 | €4,381 | = |
| Profit (loss) carried forward14 | €229,840 | €236,132 | €268,797 | €317,077 | €243,059 | ▼ 23.3% |
| Amounts payable17/49 | €67,404 | €73,396 | €85,545 | €131,487 | €261,689 | ▲ 99.0% |
| Amounts payable after more than one year17 | - | - | - | - | €37,741 | - |
| Financial debts170/4 | - | - | - | - | €37,741 | - |
| Amounts payable within one year42/48 | €61,769 | €73,396 | €85,545 | €131,487 | €223,948 | ▲ 70.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €28,040 | - |
| Financial debts43 | - | €1,262 | €693 | €3,570 | €1,434 | ▼ 59.8% |
| Credit institutions430/8 | - | €1,262 | €693 | €3,570 | €1,434 | ▼ 59.8% |
| Trade debts44 | €10,913 | €220 | €25,018 | €37,977 | €109,099 | ▲ 187% |
| Suppliers440/4 | - | €220 | €25,018 | €37,977 | €109,099 | ▲ 187% |
| Taxes, remuneration and social security45 | - | €43,496 | €49,959 | €88,871 | €77,389 | ▼ 12.9% |
| Taxes450/3 | - | €43,496 | €49,959 | €88,664 | €77,389 | ▼ 12.7% |
| Remuneration and social security454/9 | - | - | - | €208 | - | - |
| Other amounts payable47/48 | - | €28,418 | €9,875 | €1,068 | €7,986 | ▲ 648% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,281 | €6,292 | €32,665 | €48,280 | -€74,018 | ▼ 253% |
| + Depreciation and write-downs630 | €7,781 | €909 | €244 | €3,024 | €16,643 | ▲ 450% |
| Operating cash flow (approximation) | €30,062 | €7,201 | €32,909 | €51,303 | -€57,376 | ▼ 212% |
| Investment in fixed assets (approximation) | - | €0 | -€2,843 | -€30,829 | -€75,978 | ▼ 146% |
| Change in cash | - | €10,861 | €8,020 | -€19,026 | €1,295 | ▲ 107% |
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
2025
03-12
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 27-11-2025
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 291 days late
2023
31-12
Financial
Weakest financial yearnet -€74,018
Net result drops to -€74,018, the lowest in the series.
2022
31-12
Financial
Highest result since 2018net €48,280 ▲47.8%
Net result €48,280, the highest in the series.
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 250 days late
2021
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 188 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 427 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 61 days late
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 151 days late
08-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 465 days late
2015
20-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 112 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Leuven · 1 establishment unit since 1997
Ground area
4.6 ha
Building footprint
1,406 m²
Volume, LiDAR
18,517 m³
2 parcels, Flanders, Wallonia · tallest building 22.3 m, ±5 floors. Linked by address, not a title deed.
50
companies at this address
See who is registered here
1 establishment unit
Immo construct
since 19972.230.430.173
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062H0036/00L013 | Flanders | 4.6 ha | 1 · 1,320 m² | 22.3 m · 5 fl. |
| 61003A0531/00D002 | Wallonia | 407 m² | 1 · 86 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ELLIE VERHAEGEN PARIJSSTRAAT 62, 3000 LEUVEN- |
27-11-2025 → present |
| Curator | ALEXANDER MEUWISSEN PARIJSSTRAAT 62 BUS 0002, 3000 LEUVEN- |
27-11-2025 → present |
Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: DOUBLE G. The sources do not say who stands above it.
Owners 1
- GIACCONEparentSourceaccounts GIACCONE 2023100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 11,334 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-09-1997
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
E-mail
immogiaccone.construct@doubleg.be
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.