MARGON CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for MARGON CONSTRUCT according to publications in the Belgian State Gazette; curator: WINNY TIRMARCHE.
Summary
The 2022 annual accounts show equity of €28k and a net result of €24k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2022, full schema
Turnover
€182k
EBIT margin
15.3%
Net result
€24k▼ 22.0%
2021 · €30k
2019: €8k
2020: €966
2021: €30k
2019 → 2022
Working capital
€23k▲ 20.3%
2021 · €19k
2019: €-547
2020: €2k
2021: €19k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€182k
Equity€3k-€4k▲ 28.5%€20k▲ 355%€28k▲ 39.2%
Operating result€10k-€4k▼ 61.2%€36k▲ 871%€28k▼ 22.3%
Net result€8k-€966▼ 88.5%€30k▲ 3,053%€24k▼ 22.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 22% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €56k
Fixed assets
€4k▲ 685%
Current assets
€52k▲ 13.5%
Equity and liabilities €56k
Equity
€28k▲ 39.2%
Debt
€29k▲ 8.5%
The debt ratio falls from 57.1% to 50.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▼
2021 · €37k
Cash flow
€24k▼
2021 · €31k
Solvency
49.1%▲
2021 · 42.9%
Current ratio
1.81▲
2021 · 1.73
Quick ratio
1.81▲
2021 · 1.73
Debt / equity
1.04▼
2021 · 1.33
ROE
86.1%▼
2021 · 153.7%
ROA
42.3%▼
2021 · 65.9%
Interest coverage
126.70▼
2021 · 311.33
Debt
€29k▲
2021 · €26k
Debt ≤ 1 year
€29k▲
2021 · €26k
Income taxes
€4k▼
2021 · €5k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€46k€56k▲
Fixed assets21/28€563€4k▲
Tangible fixed assets22/27€563€4k▲
Furniture and vehicles24€563€4k▲
Current assets29/58€46k€52k▲
Amounts receivable within one year40/41€41k€44k▲
Trade receivables40€23k€23k▼
Other amounts receivable41€18k€21k▲
Cash at bank and in hand54/58€5k€8k▲
Equity and liabilities
Total equity and liabilities10/49€46k€56k▲
Equity10/15€20k€28k▲
Contributions10/11€1k€1k=
Capital10€1k€1k=
Issued capital100€1k€1k=
Reserves13€19k€27k▲
Non-distributable reserves130/1€173€173=
Legal reserve130€173-
Reserves not available under the articles1311-€173
Distributable reserves133€19k€26k▲
Amounts payable17/49€26k€29k▲
Amounts payable within one year42/48€26k€29k▲
Trade debts44€3k-
Suppliers440/4€3k-
Taxes, remuneration and social security45€9k€13k▲
Taxes450/3€9k€13k▲
Other amounts payable47/48€15k€16k▲
Income statement
Code20212022
Turnover70-€182k
Goods, raw materials, services and sundry goods60/61-€150k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€812€563▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€39k€33k▼
Operating profit (loss)9901€36k€28k▼
Financial charges65/66B€118€224▲
Recurring financial charges65€118€224▲
Profit (loss) for the period before taxes9903€36k€28k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€30k€24k▼
Profit (loss) for the period to be appropriated9905€30k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€24k▼
Profit (loss) brought forward from the previous period14P€3k-
Transfer to equity691/2€19k€8k▼
To other reserves6921€19k€8k▼
Profit to be distributed694/7€15k€16k▲
Directors or managers695€15k€16k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · MARGON CONSTRUCT BV CATTLEYALAAN 57, 1150 SINT-PIETERS-WOLUWE · event 08-07-2025
2023
11-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 131 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 289 days late
2021
31-03
Financial
Highest result since 2019net €30k ▲3053%
Operating result €36k, net result €30k, both a record.
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 86 days late
2020
31-03
Financial
Weakest financial yearnet €966 ▼88.5%
Net result drops to €966, the lowest in the series.
2019
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
1 establishment unit since 2018
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
207 m²
Building footprint
159 m²
Volume, LiDAR
1,734 m³
Parcel 21684B0065/00S022, Brussels · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MARGON CONSTRUCT
since 20182.283.207.576
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0065/00S022 | Brussels | 207 m² | 1 · 159 m² | 13.4 m · 4 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 | WINNY TIRMARCHE A. DE COCKPLEIN 9,
1831 DIEGEM |
08-07-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-03-2018
Fiscal year end31-03
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.