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MOFA Construct

Open bankruptcy
Private limited company (pre-2019)founded 2017Bosdel 54, 3600 Genk, Belgium46 active companies are registered at this addressKBO/BCE: BE 0670.966.717
Summary

A bankruptcy procedure is open for MOFA Construct according to publications in the Belgian Official Gazette. The 2020 annual accounts show equity of €32,213 and a net result of €8,190.

MOFA 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
Enterprise Court of Antwerp, Tongeren division
Declared bankrupt
21 September 2021
Supervising judge
Patrick Poncelet
Official Gazette
27-09-2021 (pdf) ↗search the document for 2021/132488

Deadlines

Provisional date payments stopped
14 September 2021Payments 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 12 October 2021Fifteen 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 21 October 2021art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 2 November 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 21 September 2022A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

New trustee

  • Elisabeth Vanbergenappointed on 9 July 2024Romboutstraat 8C, 3740 Bilzen

The court appointed this trustee as a replacement or as an additional trustee; the publication says which (reference 2024/129695). Your claim in RegSol stays valid. That day's Gazette (pdf) ↗

Appointed at the opening

  • Gerry BankenGrotestraat 122, 3600 Genkgerry.banken@adlex.be

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. Follow the file in RegSol: the trustee's reports appear there.
  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.

View the file 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
Development of residential building projects
NACE 68121
1 site
Size
€470,353total assets 2020
Equity
€32,213
Profit
€8,190
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
0 of 5 deeds read
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 30-06-2020 was due by 31-01-2021 and was filed on 28-01-2021, 3 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2020
3 days early
2019
7 days late
2018
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 1 day after the deadline; the sector median (NACE 68) for financial year 2020 is 3 days before the deadline, and 42% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Change of trusteeEnterprise Court of Antwerp, Tongeren…
  2. Supervising judge replacedEnterprise Court of Antwerp, Tongeren…
  3. OpeningEnterprise Court of Antwerp, Tongeren…

Financials · financial year 2020, micro format

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€32,213▲ 3.7%
2019 · €31,058
Total assets
€470,353=
2019 · €470,353
Net result
€8,190▼ 63.5%
2019 · €22,468
Working capital
-€68,400=
2019 · -€68,400
Trend over the years

2019 to 2020, 2 financial years 2019 to 2020, 2 financial years

The operating result falls in 2020; 2020 is 72% below 2019.

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

Operating result€9,266 2020 Net result€8,190 2020

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

Every figure with its change against the financial year before
favourable unfavourable
Line20192020
Operating result€32,834-€9,266▼ 71.8%
Net result€22,468-€8,190▼ 63.5%
Equity€31,058-€32,213▲ 3.7%
Total assets€470,353-€470,353=
Debt€439,295-€439,295=
Working capital-€68,400--€68,400=
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €470,353
Fixed assets €234,458 =
Current assets €235,894 =
Equity and liabilities €471,507
Equity €32,213 ▲ 3.7%
Debt €439,295 =
Debt's share of the balance-sheet total falls from 93.4% to 93.2%. Equity is higher.
Key figures and ratios
2020 value · change against 2019
EBITDA
€72,488▼
2019 · €96,057
Cash flow
€71,413▼
2019 · €85,691
Current ratio
0.78=
2019 · 0.78
Debt to equity
4.19▼
2019 · 4.35
ROE
25.4%▼
2019 · 72.3%
ROA
1.7%▼
2019 · 4.8%
Debt ≤ 1 year
€304,295=
2019 · €304,295
Debt > 1 year
€135,000=
2019 · €135,000
Income taxes
€731▼
2019 · €8,186
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 · 2020 against 2019 · 30 lines
Balance sheet Code20192020
Assets
Total assets20/58€470,353€470,353=
Formation expenses20€0€0=
Fixed assets21/28€234,458€234,458=
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€218,518€218,518=
Financial fixed assets28€15,940€15,940=
Current assets29/58€235,894€235,894=
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€234,833€234,833=
Current investments50/53€0€0=
Cash at bank and in hand54/58€1,311€22,281▲
Equity and liabilities
Total equity and liabilities10/49€470,353€470,353=
Equity10/15€31,058€32,213▲
Contributions10/11€2,000€2,000=
Reserves13€29,058€29,058=
Profit (loss) carried forward14€22,268€22,268=
Amounts payable17/49€439,295€439,295=
Amounts payable after more than one year17€135,000€135,000=
Amounts payable within one year42/48€304,295€304,295=
Trade debts44€199,582€231,358▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63,223€63,223=
Gross operating margin9900€94,141€86,116▼
Operating profit (loss)9901€32,834€9,266▼
Recurring financial income75€0€0=
Recurring financial charges65€2,180€1,668▼
Profit (loss) for the period before taxes9903€30,654€8,921▼
Income taxes67/77€8,186€731▼
Profit (loss) for the period9904€22,468€8,190▼
Profit (loss) for the period to be appropriated9905€22,468€8,190▼
Appropriation of the result
Return on contributions (dividend)694€1,600€1,600=
Line20192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63,223€63,223=
Gross operating margin9900€94,141€86,116▼ 8.5%
Operating profit (loss)9901€32,834€9,266▼ 71.8%
Recurring financial income75€0€0-
Recurring financial charges65€2,180€1,668▼ 23.5%
Profit (loss) for the period before taxes9903€30,654€8,921▼ 70.9%
Income taxes67/77€8,186€731▼ 91.1%
Profit (loss) for the period9904€22,468€8,190▼ 63.5%
Profit (loss) for the period to be appropriated9905€22,468€8,190▼ 63.5%
Line20192020Change
Assets
Total assets20/58€470,353€470,353=
Formation expenses20€0€0-
Fixed assets21/28€234,458€234,458=
Intangible fixed assets21€0€0-
Tangible fixed assets22/27€218,518€218,518=
Financial fixed assets28€15,940€15,940=
Current assets29/58€235,894€235,894=
Stocks and contracts in progress3€0€0-
Amounts receivable within one year40/41€234,833€234,833=
Current investments50/53€0€0-
Cash at bank and in hand54/58€1,311€22,281▲ 1,600%
Equity and liabilities
Total equity and liabilities10/49€470,353€470,353=
Equity10/15€31,058€32,213▲ 3.7%
Contributions10/11€2,000€2,000=
Reserves13€29,058€29,058=
Profit (loss) carried forward14€22,268€22,268=
Amounts payable17/49€439,295€439,295=
Amounts payable after more than one year17€135,000€135,000=
Amounts payable within one year42/48€304,295€304,295=
Trade debts44€199,582€231,358▲ 15.9%
Line20192020Change
Profit (loss) for the period9904€22,468€8,190▼ 63.5%
+ Depreciation and write-downs630€63,223€63,223=
Operating cash flow (approximation)€85,691€71,413▼ 16.7%
Investment in fixed assets (approximation)--€63,223-
Change in cash-€20,970-

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 (3)
Financial year Type Filed Reference
30-06-2020 micro format 28-01-2021 2021-02500074
30-06-2019 micro format 07-02-2020 2020-04700035
30-06-2018 micro format 31-01-2019 2019-04000229

Similar companies · same sector and region

The National Bank holds 3 filings for this company, but none with figures Checked can read, so a size comparison is not possible. These companies share only the sector and the region. Of the 9,540 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,338. 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 5 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

2 mandates
Role Name Tenure
Trustee Elisabeth Vanbergen
Romboutstraat 8C, 3740 Bilzen
09-07-2024 → present
Trustee Gerry Banken
Grotestraat 122, 3600 Genk
21-09-2021 → present

Owners and capital

Owners

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

History

MOFA Construct was incorporated on 10 February 2017.1 The company has filed 3 sets of annual accounts, the latest for financial year 2020.2 On 21 September 2021 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2020
  3. 3Belgian Official Gazette, 27-09-2021

Acts, filings and financial milestones

2024
16-07
Bankruptcy Change of trustee
Enterprise Court of Antwerp, Tongeren division · new trustee: Elisabeth Vanbergen · judgment of 09-07-2024
2023
28-07
Bankruptcy Supervising judge replaced
Enterprise Court of Antwerp, Tongeren division · judgment of 24-07-2023
2021
27-09
Bankruptcy Opening
Enterprise Court of Antwerp, Tongeren division · judgment of 21-09-2021
28-01
NBB filing Annual accounts filed
financial year 2020 · micro format
2020
07-02
NBB filing Annual accounts filed
financial year 2019 · micro format · 7 days late
2019
31-01
NBB filing Annual accounts filed
financial year 2018 · micro format
SignalNBB filing
0 of 5 deeds read
About the unread acts

We know of 5 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.

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded10-02-2017
Financial year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
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 21 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, Genk · 1 establishment unit since 2017
registered office establishment The establishment unit on the map
Ground area
4,211 m²
Building footprint
1,263 m²
Parcel 71305F1343/00N025, Flanders. Linked by address, not a title deed.
46 companies at this address See who is registered here
1 establishment unit
MOFA Construct
Bosdel 54, 3600 GenkDevelopment of residential building projects
since 2017unit no. 2.263.276.947
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
71305F1343/00N025 Flanders 4,211 m² 1 · 1,263 m² -
How the parcels are linked
Good to know
The parcel matches the address exactly.