M-CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for M-CONSTRUCT according to publications in the Belgian Official Gazette. The trustee is Yves Desutter.
Summary
The file additionally contains 2 judicial reorganisation notices. The 2019 annual accounts show negative equity (-€78,690) and a net result of -€295,291.
Overview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 18 May 2021 · trustee Yves Desutter · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Supervising judge
- Daniel Eysenbrandts
- Official Gazette
- 25-05-2021search the document for 2021/119572
Deadlines
- Provisional date payments stopped
- 18 May 2021A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 9 June 2021That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 17 June 2021art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 16 July 2021Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 18 May 2022A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Yves DesutterEikenstraat 80, 2840 Rumstyves@advocaatdesutter.be
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol. The trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
Embed in an article
Embed the M-CONSTRUCT company card in your article about this bankruptcy: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- The card stays current. The status follows the register and the figures come from the latest filed accounts. It carries no Checked score or verdict.
- It barely adds weight to your page: one small script and one data request, also answered from a cache. There are no cookies and no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 24-04-2007
- Activity
- General construction of residential buildings NACE 41001and 1 other
- Establishment unit
- 2.170.796.553 2650 Edegem, since 31-10-2007
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2019
- Gross margin
- -€108,445
- Loss
- €295,291
- Equity
- -€78,690
- Total assets
- €865,386
- ▼ 2.2%
Turnover not published (abbreviated format)
Financials
Financials · financial year 2019, abbreviated format
2019 annual accounts filed 68 days after the deadline Filed on 7 October 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-59600293.
Annual accounts 2019 filed on 07-10-2020 PDF all 12 filings
Equity
-€78,690
2018 · €216,601
Total assets
€865,386▼ 2.2%
2018 · €884,457
Net result
-€295,291
2018 · €12,943
Working capital
-€96,837
2018 · €189,575
Multi-year overview
2018 to 2019, 2 financial yearsOperating result
-€280,613
2019
20182019
Net result
-€295,291
2019
20182019
Equity
-€78,690
2019
20182019
Total assets
€865,386
▼ 2.2%
2019
20182019
Debt
€944,076
▲ 41.4%
2019
20182019
Working capital
-€96,837
2019
20182019
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Operating result€54,724--€280,613
Net result€12,943--€295,291
Equity€216,601--€78,690
Total assets€884,457-€865,386▼ 2.2%
Debt€667,857-€944,076▲ 41.4%
Working capital€189,575--€96,837
The operating result for 2019 is a loss of €280,613, after a profit of €54,724 in 2018.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €865,386
Fixed assets
€47,354 ▲ 40.7%
Current assets
€818,032 ▼ 3.9%
Equity and liabilities
Equity-€78,690
Debt€944,076
Equity is negative. Debt (€944,076) exceeds the balance-sheet total (€865,386).
Key figures and ratios
EBITDA
-€254,319▼
2018 · €74,498
Cash flow
-€268,997▼
2018 · €32,717
Solvency
-9.1%▼
2018 · 24.5%
Current ratio
0.89▼
2018 · 1.29
Quick ratio
0.84▼
2018 · 1.18
ROA
-34.1%▼
2018 · 1.5%
Debt ≤ 1 year
€914,869▲
2018 · €661,234
Debt > 1 year
€29,207▲
2018 · €6,622
Income taxes
€6,621▼
2018 · €19,280
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,774 | €26,294 | ▲ 33.0% |
| Gross operating margin9900 | €225,388 | -€108,445 | - |
| Operating profit (loss)9901 | €54,724 | -€280,613 | - |
| Recurring financial income75 | €5,414 | €1,813 | ▼ 66.5% |
| Recurring financial charges65 | €26,180 | €9,870 | ▼ 62.3% |
| Profit (loss) for the period before taxes9903 | €32,222 | -€288,670 | - |
| Income taxes67/77 | €19,280 | €6,621 | ▼ 65.7% |
| Profit (loss) for the period9904 | €12,943 | -€295,291 | - |
| Profit (loss) for the period to be appropriated9905 | €12,943 | -€295,291 | - |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €884,457 | €865,386 | ▼ 2.2% |
| Fixed assets21/28 | €33,648 | €47,354 | ▲ 40.7% |
| Tangible fixed assets22/27 | €27,447 | €41,154 | ▲ 49.9% |
| Financial fixed assets28 | €6,201 | €6,201 | = |
| Current assets29/58 | €850,809 | €818,032 | ▼ 3.9% |
| Stocks and contracts in progress3 | €69,500 | €46,000 | ▼ 33.8% |
| Amounts receivable within one year40/41 | €647,584 | €768,946 | ▲ 18.7% |
| Cash at bank and in hand54/58 | €133,725 | €3,086 | ▼ 97.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €884,457 | €865,386 | ▼ 2.2% |
| Equity10/15 | €216,601 | -€78,690 | - |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €208,541 | -€86,750 | - |
| Amounts payable17/49 | €667,857 | €944,076 | ▲ 41.4% |
| Amounts payable after more than one year17 | €6,622 | €29,207 | ▲ 341% |
| Amounts payable within one year42/48 | €661,234 | €914,869 | ▲ 38.4% |
| Trade debts44 | €600,491 | €683,985 | ▲ 13.9% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12,943 | -€295,291 | - |
| + Depreciation and write-downs630 | €19,774 | €26,294 | ▲ 33.0% |
| Operating cash flow (approximation) | €32,717 | -€268,997 | - |
| Investment in fixed assets (approximation) | - | -€40,000 | - |
| Change in cash | - | -€130,640 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | abbreviated format | 07-10-2020 | 2020-59600293 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-54900600 | |
| 31-12-2017 | abbreviated format | 28-09-2018 | 2018-66100598 | |
| 31-12-2016 | abbreviated format | 28-09-2017 | 2017-63600004 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-53700206 | |
| 31-12-2014 | abbreviated format | 24-08-2015 | 2015-46200556 | |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-49600307 | |
| 31-12-2012 | abbreviated format | 29-08-2013 | 2013-52000529 | |
| 31-12-2011 | abbreviated format | 17-08-2012 | 2012-41700102 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-51000480 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Yves Desutter Eikenstraat 80, 2840 Rumst |
18-05-2021 → present |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2021
25-05
Bankruptcy
Bankruptcy declared
Enterprise Court of Antwerp, Antwerp division · judgment of 18-05-2021
2020
07-10
abbreviated format · 68 days late
06-07
Judicial reorganisation
Plan homologation
Enterprise Court of Antwerp · judgment of 30-06-2020
25-03
Judicial reorganisation
Judicial reorganisation opened
Enterprise Court of Antwerp · collective agreement · judgment of 20-03-2020
2019
29-08
abbreviated format · 29 days late
2018
28-09
abbreviated format · 59 days late
2017
28-09
abbreviated format · 59 days late
2016
31-08
abbreviated format · 31 days late
2015
24-08
abbreviated format · 24 days late
2014
28-08
abbreviated format · 28 days late
2013
29-08
abbreviated format · 29 days late
2012
17-08
abbreviated format · 17 days late
2011
31-08
abbreviated format · 31 days late
2007
03-05
8 publications in the Belgian Official Gazette, the last on 16-05-2019
SignalGazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2019
- Legal form
- Private limited company (pre-2019)
- Active since
- 24 April 2007
Register details
Identity
Name
M-CONSTRUCT in Dutch
Enterprise number
0888.983.323
Entity type
Legal entity
Registered office and establishments
Registered office
Verbindingsstraat 48, 2650 Edegem, Belgium
Establishment unit
M-Construct, Verbindingsstraat 48, 2650 Edegem since 31-10-2007 · unit number 2.170.796.5534211001 Construction of roads and motorways
Activities
NACEBEL 202541001
General construction of residential buildings main activity
43990
Other specialised construction activities
Codes under NACEBEL 2008
41201
General construction of buildings main activity
43999
Specialised construction activities
Codes under NACEBEL 2003
45211
main activity
45250
Invoicing and payment
VAT number
BE 0888.983.323
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
118 m²
Building footprint
118 m²
Building volume
1,132 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11472C0291/00X011 | Flanders | 118 m² | 1 · 118 m² | 11.6 m · 3 |