LIBEERT CONSTRUCT
InactiveLIBEERT CONSTRUCT was declared bankrupt on 06-09-2022 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 08-10-2024, published in the Belgian State Gazette on 14-10-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 10-02-2022, 194 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
194 d late
2019
264 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 229 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€28,429
2019 · -€17,555
Total assets
€166,524▲ 12.7%
2019 · €147,778
Net result
€33,584▲ 174%
2019 · €12,272
Working capital
€119,776▲ 54.6%
2019 · €77,450
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€2,007-€53,411▲ 2,561%€55,150▲ 3.3%
Net result-€7,332-€12,272€33,584▲ 174%
Equity-€29,827--€17,555▲ 41.1%€28,429
Total assets€210,396-€147,778▼ 29.8%€166,524▲ 12.7%
Debt€240,223-€165,333▼ 31.2%€138,095▼ 16.5%
Working capital-€37,901-€77,450€119,776▲ 54.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 3% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €166,524
Fixed assets
€2,828 ▲ 73.1%
Current assets
€163,696 ▲ 12.0%
Equity and liabilities €166,524
Equity
€28,429
Debt
€138,095
Debt finances 82.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€57,204▲
2019 · €54,973
Cash flow
€35,638▲
2019 · €13,834
Current ratio
3.73▲
2019 · 2.13
Debt to equity
3.31▲
2019 · -5.50
ROE
118.1%
ROA
20.2%▲
2019 · 8.3%
Debt ≤ 1 year
€43,920▼
2019 · €68,694
Debt > 1 year
€94,175▼
2019 · €96,639
Income taxes
€13,418▼
2019 · €23,542
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,937 | €1,562 | €2,054 | ▲ 31.5% |
| Gross operating margin9900 | €6,239 | €55,427 | €60,754 | ▲ 9.6% |
| Operating profit (loss)9901 | €2,007 | €53,411 | €55,150 | ▲ 3.3% |
| Recurring financial income75 | €4,510 | €4,537 | €1,806 | ▼ 60.2% |
| Recurring financial charges65 | €9,357 | €15,655 | €9,748 | ▼ 37.7% |
| Profit (loss) for the period before taxes9903 | -€7,068 | €35,814 | €47,002 | ▲ 31.2% |
| Income taxes67/77 | €264 | €23,542 | €13,418 | ▼ 43.0% |
| Profit (loss) for the period9904 | -€7,332 | €12,272 | €33,584 | ▲ 174% |
| Profit (loss) for the period to be appropriated9905 | -€7,332 | €12,272 | €33,584 | ▲ 174% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €210,396 | €147,778 | €166,524 | ▲ 12.7% |
| Fixed assets21/28 | €8,074 | €1,634 | €2,828 | ▲ 73.1% |
| Tangible fixed assets22/27 | €1,991 | €883 | €2,077 | ▲ 135% |
| Financial fixed assets28 | €6,083 | €751 | €751 | = |
| Current assets29/58 | €202,322 | €146,144 | €163,696 | ▲ 12.0% |
| Amounts receivable within one year40/41 | €142,099 | €86,653 | €80,491 | ▼ 7.1% |
| Cash at bank and in hand54/58 | €6,822 | €4,756 | €9,405 | ▲ 97.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €210,396 | €147,778 | €166,524 | ▲ 12.7% |
| Equity10/15 | -€29,827 | -€17,555 | €28,429 | ▲ 262% |
| Contributions10/11 | €6,200 | - | - | - |
| Profit (loss) carried forward14 | -€36,027 | -€23,755 | €9,829 | ▲ 141% |
| Amounts payable17/49 | €240,223 | €165,333 | €138,095 | ▼ 16.5% |
| Amounts payable after more than one year17 | - | €96,639 | €94,175 | ▼ 2.5% |
| Amounts payable within one year42/48 | €240,223 | €68,694 | €43,920 | ▼ 36.1% |
| Trade debts44 | €174,801 | €42,233 | €23,669 | ▼ 44.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,332 | €12,272 | €33,584 | ▲ 174% |
| + Depreciation and write-downs630 | €2,937 | €1,562 | €2,054 | ▲ 31.5% |
| Operating cash flow (approximation) | -€4,395 | €13,834 | €35,638 | ▲ 158% |
| Investment in fixed assets (approximation) | - | €4,878 | -€3,248 | ▼ 167% |
| Change in cash | - | -€2,066 | €4,649 | ▲ 325% |
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
2024
14-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 08-10-2024
2022
14-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 06-09-2022
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 194 days late
2021
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 264 days late
2020
31-12
Financial
Highest result since 2018net €33,584 ▲174%
Operating result €55,150, net result €33,584, both a record.
2019
31-12
Financial
Back to profitnet €12,272
Net result €12,272 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.13
Current ratio from 0.84 to 2.13; short-term debt falls from €240,223 to €68,694.
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
29-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 272 days late
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
12-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 316 days late
12-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 682 days late
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 421 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SOFIE DEBUSSCHERE PRES. ROOSEVELTPLEIN 1,
8500 KORTRIJK |
06-09-2022 → 08-10-2024 |