KUSTCONSTRUCT
Open bankruptcyA bankruptcy procedure is open for KUSTCONSTRUCT according to publications in the Belgian State Gazette; curator: MIGUEL SNAUWAERT. The 2025 annual accounts show negative equity (€-45k) and a net result of €-1k.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-45k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
8 d early
2023
36 d early
2022
38 d early
2021
39 d early
2020
23 d early
2019
41 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-45k▼ 3.5%
2024 · €-43k
2018: €21k
2019: €19k
2020: €12k
2021: €3k
2022: €2k
2023: €869
2024: €-43k
2018 → 2025
Total assets
€613▼ 60.3%
2024 · €2k
2018: €86k
2019: €84k
2020: €84k
2021: €52k
2022: €52k
2023: €51k
2024: €2k
2018 → 2025
Net result
€-1k▲ 96.6%
2024 · €-44k
2018: €-6k
2019: €-2k
2020: €-6k
2021: €-9k
2022: €-1k
2023: €-1k
2024: €-44k
2018 → 2025
Working capital
€-45k▼ 3.5%
2024 · €-43k
2018: €21k
2019: €19k
2020: €12k
2021: €3k
2022: €2k
2023: €869
2024: €-43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€2k▼ 37.6%€869▼ 54.7%€-43k€-45k▼ 3.5%
Operating result€-9k-€-1k▲ 87.1%€-1k▲ 9.5%€-44k▼ 4,201%€-1k▲ 96.9%
Net result€-9k-€-1k▲ 87.3%€-1k▲ 9.3%€-44k▼ 4,105%€-1k▲ 96.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €44k in 2024; the loss shrinks.
Key figures and ratios
Debt
€45k▲
2024 · €45k
Debt ≤ 1 year
€45k▲
2024 · €45k
Ratios withheld: a balance sheet total of €613 is too small for a meaningful ratio.
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2k€613▼
Current assets29/58€2k€613▼
Stocks and contracts in progress3€500€500=
Stocks30/36€500€500=
Amounts receivable within one year40/41€32-
Other amounts receivable41€32-
Cash at bank and in hand54/58€1k€113▼
Equity and liabilities
Total equity and liabilities10/49€2k€613▼
Equity10/15€-43k€-45k▼
Contributions10/11€19k€19k=
Reserves13€5k€5k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-67k€-68k▼
Amounts payable17/49€45k€45k▲
Amounts payable within one year42/48€45k€45k▲
Trade debts44-€484
Suppliers440/4-€484
Taxes, remuneration and social security45-€84
Taxes450/3-€84
Other amounts payable47/48€45k€45k=
Income statement
Code20242025
Other operating charges640/8€45k€728▼
Gross operating margin9900€782€-641▼
Operating profit (loss)9901€-44k€-1k▲
Financial charges65/66B€29€130▲
Recurring financial charges65€29€130▲
Profit (loss) for the period before taxes9903€-44k€-1k▲
Profit (loss) for the period9904€-44k€-1k▲
Profit (loss) for the period to be appropriated9905€-44k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-67k€-68k▼
Profit (loss) brought forward from the previous period14P€-23k€-67k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · KUSTCONSTRUCT BV SINT- CLARASTRAAT 3, 8400 OOSTENDE · event 29-07-2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Oostende · 1 establishment unit since 2001
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.
Sint-Clarastraat 38400 OostendeGround area
3,458 m²
Building footprint
1,814 m²
Volume, LiDAR
12,048 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rosmolenstraat 4, 8400 Oostende
since 20012.093.202.194
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020A0270/00L002 | Flanders | 3,042 m² | 1 · 1,636 m² | 10.1 m · 2 fl. |
| 35020B0494/00W000 | Flanders | 416 m² | 1 · 178 m² | 4.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | MIGUEL SNAUWAERT GROENESTRAAT 34,
8210 ZEDELGEM |
29-07-2026 → present |
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 1,655 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-05-2001
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 24 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.