KGG CONSTRUCTION

Open bankruptcy

Private limited companyfounded 2020KBO/BCE: BE 0744.513.996

A bankruptcy procedure is open for KGG CONSTRUCTION according to publications in the Belgian State Gazette; curator: PATRICK SCHRUERS. The 2020 annual accounts show equity of €8k and a net result of €8k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 13-10-2021, 74 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 · 1 filing

Deviation from the deadline

2020

74 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2020, micro schema

Turnover

€141k

EBIT margin

7.1%

Net result

€8k

Working capital

€8k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Equity and liabilities €58k

13.6%

86.4%

Equity €8k

Debt €50k

Debt finances 86.4% of the balance-sheet total.

Key figures and ratios

2020 value

EBITDA

€10k

Cash flow

€8k

Solvency

13.6%

Current ratio

1.16

Quick ratio

1.16

ROE

100.0%

ROA

13.6%

Debt

€50k

Debt ≤ 1 year

€50k

Income taxes

€2k

Filed annual accounts

As filed with the NBB · 2020

Balance sheet Code2020

Assets

Total assets20/58€58k

Formation expenses20€0

Intangible fixed assets21€0

Financial fixed assets28€0

Current assets29/58€58k

Stocks and contracts in progress3€0

Amounts receivable within one year40/41€55k

Current investments50/53€0

Cash at bank and in hand54/58€3k

Equity and liabilities

Total equity and liabilities10/49€58k

Equity10/15€8k

Contributions10/11€0

Profit (loss) carried forward14€8k

Amounts payable17/49€50k

Amounts payable within one year42/48€50k

Trade debts44€48k

Income statement Code2020

Turnover70€141k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0

Gross operating margin9900€10k

Operating profit (loss)9901€10k

Recurring financial income75€0

Recurring financial charges65€12

Profit (loss) for the period before taxes9903€10k

Income taxes67/77€2k

Profit (loss) for the period9904€8k

Profit (loss) for the period to be appropriated9905€8k

Appropriation of the result

Return on contributions (dividend)694€0

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Timeline · acts, filings and financial milestones

All 2Signals 1Filings 1

2022

14-06

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · KGG CONSTRUCTION BV VENNESTRAAT 6, 3581 BERINGEN · event 02-06-2022

2021

13-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 74 days late

SignalNBB filing

Directors · office · real estate

Directors

1 act for this company is 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

1 establishment unit since 2020

establishment The establishment unit on the map

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.

Ground area

99 m²

Parcel 71005C1065/00H000, Flanders. Linked by address, not a title deed.

1 establishment unit

KGG CONSTRUCTION

Specialised construction activities

since 20202.300.255.228

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71005C1065/00H000	Flanders	99 m²	-	-

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	PATRICK SCHRUERS KEMPISCHE KAAI 7C/1.01, 3500 HASSELT ↔ Also on 173 other cases	02-06-2022 → present

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Of 7,294 companies in sector 43350 we hold annual accounts for 2,361. 1,285 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-02-2020

Fiscal year end31-12

Activities, NACEBEL

43350Other building finishing work

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.