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MASSIF CONSTRUCT

Open bankruptcy
Private limited companyfounded 2022Oudesmidsestraat 20, 1700 Dilbeek, Belgium493 active companies are registered at this addressKBO/BCE: BE 0793.645.387

A bankruptcy procedure is open for MASSIF CONSTRUCT according to publications in the Belgian Official Gazette; trustee: Anthony Van der Hauwaert.

Summary

The 2024 annual accounts show equity of €9,605 and a net result of €20,143.

MASSIF CONSTRUCTOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Brussels
Declared bankrupt
14 July 2026
Supervising judge
Koen Swerten
Official Gazette
20-07-2026 (pdf) ↗search the document for 2026/132600

Deadlines

Provisional date payments stopped
14 July 2026A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 4 August 2026Fifteen 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 13 August 2026art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 19 August 2026Reclaim 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
14 July 2027A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

What to do now

  1. Stop delivering on credit unless the trustee agrees.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the trustee's reports appear there.

These deadlines come from the publication of the judgment. Check them in RegSol before you file anything; once a deadline has passed, it is too late for that step.

File a claim in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€43,383total assets 2024
Equity
€9,605
Profit
€20,143
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
1 deed in the Belgian Official Gazette
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2024
17 days early
2023
50 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 17 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. OpeningEnterprise Court of Brussels ·…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Financials · financial year 2024, micro format

Equity
€9,605▲ 75.8%
2023 · €5,462
Total assets
€43,383▲ 53.9%
2023 · €28,186
Net result
€20,143▼ 17.7%
2023 · €24,462
Working capital
-€106▲ 96.0%
2023 · -€2,613
Trend over the years

2023 to 2024, 2 financial years

The operating result falls in 2024; 2024 is 11% below 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€22,062 2024 Net result€20,143 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20232024
Operating result€24,924-€22,062▼ 11.5%
Net result€24,462within the sector's middle half-€20,143within the sector's middle half▼ 17.7%
Equity€5,462below the sector's middle half-€9,605below the sector's middle half▲ 75.8%
Total assets€28,186below the sector's middle half-€43,383below the sector's middle half▲ 53.9%
Debt€22,724-€33,778▲ 48.6%
Working capital-€2,613below the sector's middle half--€106below the sector's middle half▲ 96.0%
Solvency19.4%within the sector's middle half-22.1%within the sector's middle half▲ 2.8pp
Current ratio0.89below the sector's middle half-1.00below the sector's middle half▲ 0.11
Return on assets (ROA)86.8%above the sector's middle half-46.4%above the sector's middle half▼ 40.4pp
above within below the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43,383
Fixed assets €9,711 ▲ 20.3%
Current assets €33,672 ▲ 67.4%
Equity and liabilities €43,383
Equity €9,605 ▲ 75.8%
Debt €33,778 ▲ 48.6%
Debt's share of the balance-sheet total falls from 80.6% to 77.9%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€25,326▲
2023 · €25,149
Cash flow
€23,408▼
2023 · €24,687
Debt to equity
3.52▼
2023 · 4.16
ROE
209.7%▼
2023 · 447.8%
Interest coverage
90.51▲
2023 · 54.01
Debt ≤ 1 year
€33,778▲
2023 · €22,724
Income taxes
€1,647
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€28,186€43,383▲
Fixed assets21/28€8,075€9,711▲
Tangible fixed assets22/27€8,075€9,711▲
Furniture and vehicles24€8,075€9,711▲
Current assets29/58€20,111€33,672▲
Amounts receivable within one year40/41€5,514€31,370▲
Trade receivables40€970€29,229▲
Other amounts receivable41€4,544€2,141▼
Cash at bank and in hand54/58€14,597€2,302▼
Equity and liabilities
Total equity and liabilities10/49€28,186€43,383▲
Equity10/15€5,462€9,605▲
Contributions10/11€1,000€1,000=
Capital10€1,000€1,000=
Issued capital100€6,000€6,000=
Uncalled capital101€5,000€5,000=
Profit (loss) carried forward14€4,462€8,605▲
Amounts payable17/49€22,724€33,778▲
Amounts payable within one year42/48€22,724€33,778▲
Trade debts44€783€6,119▲
Suppliers440/4€783€6,119▲
Taxes, remuneration and social security45-€5,489
Taxes450/3-€1,685
Remuneration and social security454/9-€3,804
Other amounts payable47/48€21,942€22,170▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€225€3,265▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€14,175-
Other operating charges640/8€401€804▲
Non-recurring operating charges66A-€2,250
Gross operating margin9900€39,725€28,381▼
Operating profit (loss)9901€24,924€22,062▼
Financial income75/76B€4€8▲
Recurring financial income75€4€8▲
Financial charges65/66B€466€280▼
Recurring financial charges65€466€280▼
Profit (loss) for the period before taxes9903€24,462€21,790▼
Income taxes67/77-€1,647
Profit (loss) for the period9904€24,462€20,143▼
Profit (loss) for the period to be appropriated9905€24,462€20,143▼
Appropriation of the result
Profit (loss) to be appropriated9906€24,462€24,605▲
Profit (loss) brought forward from the previous period14P-€4,462
Profit to be distributed694/7€20,000€16,000▼
Directors or managers695€20,000€16,000▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€225€3,265▲ 15×
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€14,175--
Other operating charges640/8€401€804▲ 101%
Non-recurring operating charges66A-€2,250-
Gross operating margin9900€39,725€28,381▼ 28.6%
Operating profit (loss)9901€24,924€22,062▼ 11.5%
Financial income75/76B€4€8▲ 107%
Recurring financial income75€4€8▲ 107%
Financial charges65/66B€466€280▼ 39.9%
Recurring financial charges65€466€280▼ 39.9%
Profit (loss) for the period before taxes9903€24,462€21,790▼ 10.9%
Income taxes67/77-€1,647-
Profit (loss) for the period9904€24,462€20,143▼ 17.7%
Profit (loss) for the period to be appropriated9905€24,462€20,143▼ 17.7%
Line20232024Change
Assets
Total assets20/58€28,186€43,383▲ 53.9%
Fixed assets21/28€8,075€9,711▲ 20.3%
Tangible fixed assets22/27€8,075€9,711▲ 20.3%
Furniture and vehicles24€8,075€9,711▲ 20.3%
Current assets29/58€20,111€33,672▲ 67.4%
Amounts receivable within one year40/41€5,514€31,370▲ 469%
Trade receivables40€970€29,229▲ 30×
Other amounts receivable41€4,544€2,141▼ 52.9%
Cash at bank and in hand54/58€14,597€2,302▼ 84.2%
Equity and liabilities
Total equity and liabilities10/49€28,186€43,383▲ 53.9%
Equity10/15€5,462€9,605▲ 75.8%
Contributions10/11€1,000€1,000=
Capital10€1,000€1,000=
Issued capital100€6,000€6,000=
Uncalled capital101€5,000€5,000=
Profit (loss) carried forward14€4,462€8,605▲ 92.8%
Amounts payable17/49€22,724€33,778▲ 48.6%
Amounts payable within one year42/48€22,724€33,778▲ 48.6%
Trade debts44€783€6,119▲ 682%
Suppliers440/4€783€6,119▲ 682%
Taxes, remuneration and social security45-€5,489-
Taxes450/3-€1,685-
Remuneration and social security454/9-€3,804-
Other amounts payable47/48€21,942€22,170▲ 1.0%
Line20232024Change
Profit (loss) for the period9904€24,462€20,143▼ 17.7%
+ Depreciation and write-downs630€225€3,265▲ 15×
Operating cash flow (approximation)€24,687€23,408▼ 5.2%
Investment in fixed assets (approximation)--€4,900-
Change in cash--€12,296-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2024 micro format 14-07-2025 2025-00270762
31-12-2023 micro format 19-09-2024 2024-00468777

Similar companies · same sector, comparable size

Of the 29,229 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,274. 9,364 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Anthony Van der Hauwaert
Keizer Karel- Laan 586 Bus 9, 1082 Sint-Agatha-Berchem
14-07-2026 → present

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 16 November 2022, MASSIF CONSTRUCT was incorporated as a private limited company.1 The company has filed 2 sets of annual accounts, the latest for financial year 2024.2 The company was declared bankrupt on 14 July 2026.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2024
  3. 3Belgian Official Gazette, 20-07-2026

Acts, filings and financial milestones

2026
20-07
Bankruptcy Opening
Enterprise Court of Brussels · judgment of 14-07-2026
2025
14-07
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
19-09
NBB filing Annual accounts filed
financial year 2023 · micro format · 50 days late
SignalNBB filing
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded16-11-2022
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002General construction of office buildings
41003General construction of other non-residential buildings
43110Demolition
43350Other building finishing work
43422Screed work
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 26 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Dilbeek · 1 establishment unit since 2022
registered office establishment The establishment unit on the map
Ground area
578 m²
Building footprint
354 m²
Building volume
3,141 m³
2 parcels, Flanders, Wallonia · tallest building 12.6 m. Linked by address, not a title deed.
493 companies at this address See who is registered here
1 establishment unit
MASSIF CONSTRUCT
Rue des Pâquerettes(TR) 11, 6183 CourcellesGeneral construction of residential buildings
since 2022unit no. 2.337.996.146
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Cadastral parcel Region Area Buildings Height / floors
23016D0063/00W002 Flanders 300 m² 1 · 299 m² 12.6 m · 3
52066A0259/00N018 Wallonia 278 m² 1 · 56 m² 8.7 m · 2
How the parcels are linked
Good to know
Both parcels match the address exactly.