N & E CONSTRUCT
InactiveN & E CONSTRUCT was declared bankrupt on 07-05-2024 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed for insufficient assets by judgment of 24-02-2026, published in the Belgian State Gazette on 02-03-2026.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 10-02-2022, 194 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
194 d late
2019
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 102 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€12,845▲ 95.8%
2019 · €6,562
Total assets
€48,404▼ 42.5%
2019 · €84,215
Net result
€6,283▼ 78.0%
2019 · €28,562
Working capital
€12,718▲ 604%
2019 · €1,806
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020
Operating result€29,049-€8,064▼ 72.2%
Net result€28,562-€6,283▼ 78.0%
Equity€6,562-€12,845▲ 95.8%
Total assets€84,215-€48,404▼ 42.5%
Debt€77,653-€35,559▼ 54.2%
Working capital€1,806-€12,718▲ 604%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 72% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €48,404
Fixed assets
€14,529 ▼ 25.6%
Current assets
€33,875 ▼ 47.6%
Equity and liabilities €48,404
Equity
€12,845 ▲ 95.8%
Debt
€35,559 ▼ 54.2%
Debt's share of the balance-sheet total falls from 92.2% to 73.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,076▼
2019 · €34,567
Cash flow
€11,295▼
2019 · €34,080
Current ratio
1.60▲
2019 · 1.03
Debt to equity
1.12▼
2019 · 2.25
ROE
48.9%▼
2019 · 435.3%
ROA
13.0%▼
2019 · 33.9%
Debt ≤ 1 year
€21,156▼
2019 · €62,868
Debt > 1 year
€14,403▼
2019 · €14,786
Income taxes
€1,560▲
2019 · €50
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,518 | €5,012 | ▼ 9.2% |
| Gross operating margin9900 | €34,990 | €13,076 | ▼ 62.6% |
| Operating profit (loss)9901 | €29,049 | €8,064 | ▼ 72.2% |
| Recurring financial income75 | - | €2 | - |
| Recurring financial charges65 | €437 | €223 | ▼ 49.0% |
| Profit (loss) for the period before taxes9903 | €28,612 | €7,843 | ▼ 72.6% |
| Income taxes67/77 | €50 | €1,560 | ▲ 2,992% |
| Profit (loss) for the period9904 | €28,562 | €6,283 | ▼ 78.0% |
| Profit (loss) for the period to be appropriated9905 | €28,562 | €6,283 | ▼ 78.0% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €84,215 | €48,404 | ▼ 42.5% |
| Fixed assets21/28 | €19,541 | €14,529 | ▼ 25.6% |
| Tangible fixed assets22/27 | €19,541 | €14,529 | ▼ 25.6% |
| Current assets29/58 | €64,673 | €33,875 | ▼ 47.6% |
| Amounts receivable within one year40/41 | €57,042 | €26,804 | ▼ 53.0% |
| Cash at bank and in hand54/58 | €6,993 | €4,090 | ▼ 41.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €84,215 | €48,404 | ▼ 42.5% |
| Equity10/15 | €6,562 | €12,845 | ▲ 95.8% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €4,562 | €10,845 | ▲ 138% |
| Amounts payable17/49 | €77,653 | €35,559 | ▼ 54.2% |
| Amounts payable after more than one year17 | €14,786 | €14,403 | ▼ 2.6% |
| Amounts payable within one year42/48 | €62,868 | €21,156 | ▼ 66.3% |
| Trade debts44 | €28,845 | €8,966 | ▼ 68.9% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €28,562 | €6,283 | ▼ 78.0% |
| + Depreciation and write-downs630 | €5,518 | €5,012 | ▼ 9.2% |
| Operating cash flow (approximation) | €34,080 | €11,295 | ▼ 66.9% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€2,902 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
02-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 24-02-2026
2024
14-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 07-05-2024
2022
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 194 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Yves FRANCOIS EERTBRUGGESTRAAT 10,
8790 WAREGEM |
07-05-2024 → 24-02-2026 |