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ME - CONSTRUCT

Open bankruptcy
Public limited companyfounded 1984Industrieterrein Peerderbaan 1113, 3960 Bree, BelgiumKBO/BCE: BE 0426.823.853

A bankruptcy procedure is open for ME - CONSTRUCT according to publications in the Belgian Official Gazette; trustee: Mr. Vanbergen.

Summary

The 2011 annual accounts show equity of €1.7m and a net result of €24,745.

ME - CONSTRUCTOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

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.

The procedure

Court
Rechtbank van koophandel te Tongeren
Declared bankrupt
3 March 2014
Official Gazette
11-03-2014 (pdf) ↗search the document for 2014/008870

Deadlines

Provisional date payments stopped
28 February 2014Payments and security you received since that day can in some cases be challenged by the trustee. A later judgment can change the date.art. XX.105, XX.111 and XX.112, Code of Economic Law
Appeal or third-party opposition until
passed on 26 March 2014Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
First verification report
passed on 17 April 2014Reclaim 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 3 March 2015A 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

  • Mr. VanbergenElisabeth, Klokkestraat 12/1, 3740 Bilzen

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. This bankruptcy was opened before April 2017 and is not in RegSol: the trustee and the registry of the enterprise court keep the file.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

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
Manufacture of metal structures and parts of structures
NACE 25110
1 site
Size
€10.5mturnover 2011
Staff
59.2 FTE
Equity
€1.7m
Profit
€24,745
Financial health
Open bankruptcy: no score
Structure
Parent
Immobo nv
7 deeds 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 31-12-2011 was due by 31-07-2012 and was filed on 31-07-2012, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2012
not filed
2011
on the day
2010
17 days early
2009
5 days early
2008
23 days early
2007
on the day
2006
7 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningRechtbank van koophandel te Tongeren…
  2. Annual accounts filedfinancial year 2011 · full…
  3. Back to profitnet €24,745

Financials · financial year 2011, full format

Turnover
€10.5m▲ 24.9%
2010 · €8.4m
EBIT margin
1.4%▲ 2.1pp
2010 · -0.7%
Net result
€24,745
2010 · -€195,325
Working capital
€747,337▼ 46.8%
2010 · €1.4m
Trend over the years

2007 to 2011, 5 financial years 2007 to 2011, 5 financial years

The operating result returns to profit in 2011: €146,072 after a loss of €57,135 in 2010.

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

Turnover€10.5m 2011 Operating result€0.1m 2011 Net result€0.02m 2011

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

Every figure with its change against the financial year before
favourable unfavourable
Line20072008200920102011
Turnover€13.3m-€20.1m▲ 50.7%€16.0m▼ 20.1%€8.4m▼ 47.4%€10.5m▲ 24.9%
Operating result€0.3m-€0.5m▲ 83.1%€0.7m▲ 30.3%-€0.06m€0.1m
Net result€0.02m-€0.5m▲ 29×€0.5m▲ 15.9%-€0.2m€0.02m
EBIT margin2.2%-2.7%▲ 0.5pp4.4%▲ 1.7pp-0.7%▼ 5.1pp1.4%▲ 2.1pp
Equity€1.3m-€1.8m▲ 35.4%€1.8m▲ 4.6%€1.6m▼ 10.7%€1.7m▲ 1.5%
Total assets€5.8m-€10.9m▲ 88.8%€7.5m▼ 31.1%€6.6m▼ 12.4%€8.7m▲ 32.5%
Debt€4.5m-€9.2m▲ 104%€5.7m▼ 38.0%€5.0m▼ 12.9%€7.1m▲ 42.7%
Working capital€0.7m-€1.3m▲ 84.8%€1.1m▼ 14.8%€1.4m▲ 31.4%€0.7m▼ 46.8%
Staff (FTE)67.5-66.7▼ 1.2%63.3▼ 5.1%60.2▼ 4.9%59.2▼ 1.7%
Balance-sheet composition
2011 in colour, 2010 as the grey bar beneath
Assets €8.7m
Fixed assets €2.5m ▲ 57.4%
Current assets €6.2m ▲ 24.4%
Equity and liabilities €8.7m
Equity €1.7m ▲ 1.5%
Debt €7.1m ▲ 42.7%
Debt's share of the balance-sheet total rises from 75.1% to 81.0%. Equity and debt are higher.
Key figures and ratios
2011 value · change against 2010
EBITDA
€365,157▲
2010 · €4,608
Cash flow
€243,830▲
2010 · -€133,582
Current ratio
1.14▼
2010 · 1.39
Quick ratio
1.06▼
2010 · 1.29
Debt to equity
0.96▲
2010 · 0.83
ROE
1.5%▲
2010 · -11.9%
ROA
0.3%▲
2010 · -3.0%
Interest coverage
2.66▲
2010 · 0.05
Debt ≤ 1 year
€5.5m▲
2010 · €3.6m
Debt > 1 year
€1.6m▲
2010 · €1.4m
Income taxes
-€1,553▼
2010 · €57,385
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 · 2011 against 2010 · 32 lines
Balance sheet Code20102011
Assets
Total assets20/58€6.6m€8.7m▲
Formation expenses20-€0
Fixed assets21/28€1.6m€2.5m▲
Intangible fixed assets21-€0
Tangible fixed assets22/27€1.4m€2.3m▲
Financial fixed assets28€0.2m€0.2m▼
Current assets29/58€5.0m€6.2m▲
Stocks and contracts in progress3€0.4m€0.4m▲
Amounts receivable within one year40/41€2.6m€2.9m▲
Current investments50/53-€0
Cash at bank and in hand54/58€1.6m€0.8m▼
Equity and liabilities
Total equity and liabilities10/49€6.6m€8.7m▲
Equity10/15€1.6m€1.7m▲
Contributions10/11€0.9m€0.9m=
Reserves13€0.6m€0.7m▲
Profit (loss) carried forward14-€0
Provisions and deferred taxes16-€0
Amounts payable17/49€5.0m€7.1m▲
Amounts payable after more than one year17€1.4m€1.6m▲
Amounts payable within one year42/48€3.6m€5.5m▲
Trade debts44€1.8m€2.3m▲
Income statement Code20102011
Turnover70€8.4m€10.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.06m€0.2m▲
Operating profit (loss)9901-€0.06m€0.1m▲
Recurring financial income75€0.03m€0.05m▲
Recurring financial charges65€0.1m€0.2m▲
Debt charges650€0.1m€0.1m▲
Profit (loss) for the period before taxes9903-€0.1m€0.02m▲
Income taxes67/77€0.06m-€0.002m▼
Profit (loss) for the period9904-€0.2m€0.02m▲
Profit (loss) for the period to be appropriated9905-€0.2m€0.02m▲
Appropriation of the result
Return on contributions (dividend)694-€0
Line20072008200920102011Change
Turnover70€13.3m€20.1m€16.0m€8.4m€10.5m▲ 24.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.09m€0.1m€0.06m€0.2m▲ 255%
Operating profit (loss)9901€0.3m€0.5m€0.7m-€0.06m€0.1m-
Recurring financial income75€0.02m€0.04m€0.04m€0.03m€0.05m▲ 56.6%
Recurring financial charges65€0.2m€0.1m€0.2m€0.1m€0.2m▲ 17.5%
Debt charges650€0.1m€0.1m€0.2m€0.1m€0.1m▲ 35.6%
Profit (loss) for the period before taxes9903€0.06m€0.5m€0.5m-€0.1m€0.02m-
Income taxes67/77€0.05m€0.01m€0.002m€0.06m-€0.002m-
Profit (loss) for the period9904€0.02m€0.5m€0.5m-€0.2m€0.02m-
Profit (loss) for the period to be appropriated9905€0.02m€0.5m€0.5m-€0.2m€0.02m-
Line20072008200920102011Change
Assets
Total assets20/58€5.8m€10.9m€7.5m€6.6m€8.7m▲ 32.5%
Formation expenses20----€0-
Fixed assets21/28€0.6m€0.5m€0.8m€1.6m€2.5m▲ 57.4%
Intangible fixed assets21----€0-
Tangible fixed assets22/27€0.3m€0.3m€0.6m€1.4m€2.3m▲ 67.9%
Financial fixed assets28€0.3m€0.2m€0.2m€0.2m€0.2m▼ 4.9%
Current assets29/58€5.2m€10.4m€6.8m€5.0m€6.2m▲ 24.4%
Stocks and contracts in progress3€0.5m€0.4m€0.4m€0.4m€0.4m▲ 19.0%
Amounts receivable within one year40/41€3.1m€8.2m€5.0m€2.6m€2.9m▲ 13.4%
Current investments50/53----€0-
Cash at bank and in hand54/58€0.4m€1.4m€0.4m€1.6m€0.8m▼ 50.6%
Equity and liabilities
Total equity and liabilities10/49€5.8m€10.9m€7.5m€6.6m€8.7m▲ 32.5%
Equity10/15€1.3m€1.8m€1.8m€1.6m€1.7m▲ 1.5%
Contributions10/11€0.9m€0.9m€0.9m€0.9m€0.9m=
Reserves13€0.3m€0.8m€0.8m€0.6m€0.7m▲ 3.8%
Profit (loss) carried forward14----€0-
Provisions and deferred taxes16----€0-
Amounts payable17/49€4.5m€9.2m€5.7m€5.0m€7.1m▲ 42.7%
Amounts payable after more than one year17-€0.01m€0.004m€1.4m€1.6m▲ 17.5%
Amounts payable within one year42/48€4.5m€9.2m€5.7m€3.6m€5.5m▲ 52.4%
Trade debts44€2.9m€5.6m€3.2m€1.8m€2.3m▲ 28.7%
Line20072008200920102011Change
Profit (loss) for the period9904€0.02m€0.5m€0.5m-€0.2m€0.02m-
+ Depreciation and write-downs630€0.1m€0.09m€0.1m€0.06m€0.2m▲ 255%
Operating cash flow (approximation)€0.1m€0.6m€0.6m-€0.1m€0.2m-
Investment in fixed assets (approximation)-€0.01m-€0.4m-€0.9m-€1.1m▼ 27.2%
Change in cash-€1.0m-€1.0m€1.2m-€0.8m-

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

Latest 10 of 27 filings with the National Bank
Financial year Type Filed Reference
31-12-2011 full format 31-07-2012 2012-37500111
31-12-2010 full format 14-07-2011 2011-28900575
31-12-2009 full format 26-07-2010 2010-34600532
31-12-2008 full format 08-07-2009 2009-38900024
31-12-2007 full format 31-07-2008 2008-50100191
31-12-2006 full format 07-08-2007 2007-54000062
31-12-2005 full format 18-07-2006 2006-50003839
31-12-2004 full format 20-06-2005 2005-27703659
31-12-2003 full format 10-06-2004 2004-22402351
31-12-2002 full format 18-06-2003 2003-26803983

Show all 27 filings

Similar companies · same sector, comparable size

Of the 3,945 active companies whose main activity is manufacture of metal structures and parts of structures (NACE 25110), figures are known for 2,177. 1,120 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 7 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Mr. Vanbergen
Elisabeth, Klokkestraat 12/1, 3740 Bilzen
03-03-2014 → present

Owners and capital

Owners

1 owner

Chain of control

  1. Immobo nv consolidates
  2. ME - CONSTRUCT

Highest known parent: Immobo nv. The sources do not say who stands above it.

Owners 1

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

Depth

The network starts from this company’s shareholders. What else they own or run appears here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

ME - CONSTRUCT was incorporated on 21 December 1984.1 Turnover fell from €13.3m in 2007 to €10.5m in 2011 and headcount from 67.5 to 59.2 full-time equivalents.2 On 3 March 2014 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2007 and 2011
  3. 3Belgian Official Gazette, 11-03-2014

Acts, filings and financial milestones

2014
11-03
Bankruptcy Opening
Rechtbank van koophandel te Tongeren · judgment of 03-03-2014
2012
31-07
NBB filing Annual accounts filed
financial year 2011 · full format
2011
31-12
Financial Back to profitnet €24,745
Net result €24,745 after one loss-making year.
14-07
NBB filing Annual accounts filed
financial year 2010 · full format
2010
31-12
Financial Weakest financial yearnet -€195,325
Net result drops to -€195,325, the lowest in the series.
26-07
NBB filing Annual accounts filed
financial year 2009 · full format
2009
31-12
Financial Highest result from 2007 to 2011net €531,250 ▲15.9%
Operating result €707,213, net result €531,250, both a record.
08-07
NBB filing Annual accounts filed
financial year 2008 · full format
2008
31-07
NBB filing Annual accounts filed
financial year 2007 · full format
2007
07-08
NBB filing Annual accounts filed
financial year 2006 · full format · 7 days late
2006
18-07
NBB filing Annual accounts filed
financial year 2005 · full format
2005
20-06
NBB filing Annual accounts filed
financial year 2004 · full format
2004
10-06
NBB filing Annual accounts filed
financial year 2003 · full format
2003
18-06
NBB filing Annual accounts filed
financial year 2002 · full format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 27 annual accounts filed, the latest 10 are here; all 27 are under Financials.
0 of 7 deeds read
About the unread acts

We know of 7 Belgian Official Gazette acts for this company. None of them has 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.

Opening faillissement

ME - CONSTRUCT is in the KBO register with the legal situation: opening faillissement.

Legal situation
Opening faillissement
Last annual accounts
financial year to 31 December 2011
Legal form
Public limited company
Active since
21 December 1984
Official KBO record

Register details

Identification
Legal formPublic limited company
Founded21-12-1984
Financial year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
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 30 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, Bree · 1 establishment unit since 1984
establishment approximate The establishment unit on the map
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 KBO register.

Industrieterrein Peerderbaan 11133960 Bree
Ground area
966 m²
Building footprint
139 m²
Parcel 72402A0528/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
ME-CONSTRUCT
Peerderbaan 1113, 3960 BreeManufacture of metal structures and parts of structures
since 1984unit no. 2.016.418.479
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
72402A0528/00H000indicative Flanders 966 m² 1 · 139 m² -
How the parcels are linked
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.