LOWCOST CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for LOWCOST CONSTRUCT according to publications in the Belgian State Gazette; curator: CHRISTOPHE BAUDOUX.
Summary
The 2019 annual accounts show equity of €29k and a net result of €27k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2019, micro schema
Equity
€29k▲ 1,147%
2018 · €2k
2018: €2k
2018 → 2019
Total assets
€420k▲ 519%
2018 · €68k
2018: €68k
2018 → 2019
Net result
€27k▲ 106%
2018 · €13k
2018: €13k
2018 → 2019
Working capital
€25k▼ 45.7%
2018 · €46k
2018: €46k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€2k-€29k▲ 1,147%
Operating result€13k-€26k▲ 102%
Net result€13k-€27k▲ 106%
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 2019; 2019 is 102% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €420k
Fixed assets
€4k ▲ 121%
Current assets
€416k ▲ 535%
Equity and liabilities €420k
Equity
€29k ▲ 1,147%
Debt
€391k ▲ 497%
Debt's share of the balance-sheet total falls from 96.6% to 93.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k
Cash flow
€28k
Current ratio
1.06▼
2018 · 3.29
ROE
92.0%▼
2018 · 556.3%
ROA
6.4%▼
2018 · 19.2%
Debt ≤ 1 year
€391k▲
2018 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2019 against 2018 · 22 lines
Balance sheet
Code20182019
Assets
Total assets20/58€68k€420k▲
Formation expenses20€659€659=
Fixed assets21/28€2k€4k▲
Tangible fixed assets22/27€2k€4k▲
Current assets29/58€66k€416k▲
Amounts receivable within one year40/41€16k€364k▲
Cash at bank and in hand54/58€50k€52k▲
Equity and liabilities
Total equity and liabilities10/49€68k€420k▲
Equity10/15€2k€29k▲
Contributions10/11€31k€31k=
Profit (loss) carried forward14€-29k€-2k▲
Amounts payable17/49€66k€391k▲
Amounts payable within one year42/48€20k€391k▲
Trade debts44€9k€210k▲
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€833
Gross operating margin9900€13k€53k▲
Operating profit (loss)9901€13k€26k▲
Recurring financial income75-€624
Recurring financial charges65€34€173▲
Profit (loss) for the period before taxes9903€13k€27k▲
Profit (loss) for the period9904€13k€27k▲
Profit (loss) for the period to be appropriated9905€13k€27k▲
Timeline · acts, filings and financial milestones
2021
08-10
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · LOWCOST CONSTRUCT SRL CHEMIN DE LOUVRANGES 72, 1300 WAVRE · event 04-10-2021
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 292 days late
19-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 658 days late
19-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1023 days late
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1388 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
19-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 19 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
2013
26-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 26 days late
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 31 days late
2011
24-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 24 days late
SignalNBB filing
Directors · office · real estate
Directors
5 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, Wavre · 1 establishment unit since 1997
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.
Chemin de Louvranges 721300 WavreGround area
541 m²
Building footprint
89 m²
Volume, LiDAR
435 m³
Parcel 25006E0140/00E000, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lowcost construct sprl
since 19972.082.679.278
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006E0140/00E000 | Wallonia | 541 m² | 1 · 89 m² | 6.6 m · 2 fl. |
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 | CHRISTOPHE BAUDOUX RUE DE CLAIRVAUX 40,
1348 LOUVAIN-LA-NEUVE |
04-10-2021 → present |
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,403 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-05-1997
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.