IUGIS CONSTRUCT
InactiveIUGIS CONSTRUCT was declared bankrupt on 07-11-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 30-01-2024, published in the Belgian State Gazette on 07-02-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-03-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-03-2021 close31-10-2021 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-03-2020 was due by 31-10-2020 and was filed on 10-11-2020, 10 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 · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
10 d late
2019
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Turnover
€516k▲ 184%
2019 · €182k
2019: €182k
2019 → 2020
EBIT margin
20.4%▼ 24.4pp
2019 · 44.8%
2019: 44.8%
2019 → 2020
Net result
€90k▲ 60.9%
2019 · €56k
2019: €56k
2019 → 2020
Working capital
€150k▲ 146%
2019 · €61k
2019: €61k
2019 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020Trend
Turnover€182k-€516k▲ 184%
Equity€62k-€153k▲ 145%
Operating result€81k-€105k▲ 29.5%
Net result€56k-€90k▲ 60.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2020; 2020 is 30% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €221k
Fixed assets
€3k▲ 101%
Current assets
€218k▲ 96.4%
Equity and liabilities €221k
Equity
€153k▲ 145%
Debt
€68k▲ 36.3%
The debt ratio falls from 44.5% to 30.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€108k▲
2019 · €82k
Cash flow
€93k▲
2019 · €57k
Solvency
69.1%▲
2019 · 55.5%
Current ratio
3.19▲
2019 · 2.22
Quick ratio
3.19▲
2019 · 2.22
ROE
59.1%▼
2019 · 90.0%
ROA
40.9%▼
2019 · 49.9%
Debt
€68k▲
2019 · €50k
Debt ≤ 1 year
€68k▲
2019 · €50k
Income taxes
€24k▼
2019 · €28k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€113k€221k▲
Fixed assets21/28€1k€3k▲
Tangible fixed assets22/27€1k€3k▲
Current assets29/58€111k€218k▲
Amounts receivable within one year40/41€95k€200k▲
Cash at bank and in hand54/58€16k€18k▲
Equity and liabilities
Total equity and liabilities10/49€113k€221k▲
Equity10/15€62k€153k▲
Contributions10/11€6k-
Reserves13€2k€2k=
Profit (loss) carried forward14€54k€145k▲
Amounts payable17/49€50k€68k▲
Amounts payable within one year42/48€50k€68k▲
Trade debts44€22k€23k▲
Income statement
Code20192020
Turnover70€182k€516k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Gross operating margin9900€83k€110k▲
Operating profit (loss)9901€81k€105k▲
Recurring financial income75€3k€9k▲
Recurring financial charges65€0€193▲
Profit (loss) for the period before taxes9903€84k€114k▲
Income taxes67/77€28k€24k▼
Profit (loss) for the period9904€56k€90k▲
Profit (loss) for the period to be appropriated9905€56k€90k▲
Timeline · acts, filings and financial milestones
2024
07-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · IUGIS CONSTRUCT SPRL RUE THEOPHILE DE BAISIEUX 90, 1090 JETTE. déclarée le 7 novembre 2022 · event 30-01-2024
2022
17-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · IUGIS CONSTRUCT SPRL RUE THEOPHILE DE BAISIEUX 90, 1090 JETTE · event 07-11-2022
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
31-03
Financial
Equity above €150kEq €153k ▲145%
2 profitable years in a row build equity to €153k.
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES PIRON AVENUE DE LA TOISON D’OR 77,
1060 SAINT-GILLES |
07-11-2022 → present |