N.P. CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for N.P. CONSTRUCT according to publications in the Belgian State Gazette; curator: NICOLAS VAN DER BORGHT.
Summary
The 2021 annual accounts show equity of €80,425 and a net result of -€2,957.
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
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 20 January 2025
- Supervising judge
- Vincent Lantonnois Van Rode
- Official Gazette
- 27-01-2025 (pdf) ↗search the document for 2025/103221
Deadlines
- Appeal or third-party opposition until
- passed on 11 February 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 19 February 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 26 February 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 20 January 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Nicolas Van der BorghtAvenue De Fre 229, 1180 Fr Bruxelles 18nvdb@kairos.law
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- 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.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Other specialised construction activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Turnover
€596,187▼ 10.7%
2020 · €667,447
EBIT margin
1.4%▲ 0.8pp
2020 · 0.6%
Net result
-€2,957▼ 45.7%
2020 · -€2,030
Working capital
€64,114▼ 3.9%
2020 · €66,681
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Turnover€581,721-€630,027▲ 8.3%€667,447▲ 5.9%€596,187▼ 10.7%
Operating result€39,867-€76,181▲ 91.1%€3,794▼ 95.0%€8,270▲ 118%
Net result€26,960-€46,756▲ 73.4%-€2,030below the sector's middle half-€2,957below the sector's middle half▼ 45.7%
EBIT margin6.9%-12.1%▲ 5.2pp0.6%▼ 11.5pp1.4%▲ 0.8pp
Equity€38,656-€85,412▲ 121%€83,382within the sector's middle half▼ 2.4%€80,425within the sector's middle half▼ 3.5%
Total assets€137,083-€556,865▲ 306%€895,789above the sector's middle half▲ 60.9%€573,741above the sector's middle half▼ 36.0%
Debt€98,427-€471,454▲ 379%€812,408▲ 72.3%€493,316▼ 39.3%
Working capital€21,479-€58,911▲ 174%€66,681within the sector's middle half▲ 13.2%€64,114within the sector's middle half▼ 3.9%
Solvency28.2%-15.3%▼ 12.9pp9.3%below the sector's middle half▼ 6.0pp14.0%below the sector's middle half▲ 4.7pp
Current ratio1.25-1.13▼ 0.121.08below the sector's middle half▼ 0.051.13within the sector's middle half▲ 0.05
Return on assets (ROA)19.7%-8.4%▼ 11.3pp-0.2%below the sector's middle half▼ 8.6pp-0.5%below the sector's middle half▼ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 118% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €573,741
Fixed assets
€26,429 ▼ 23.3%
Current assets
€547,313 ▼ 36.5%
Equity and liabilities €573,741
Equity
€80,425 ▼ 3.5%
Debt
€493,316 ▼ 39.3%
Debt's share of the balance-sheet total falls from 90.7% to 86.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21,445▼
2020 · €27,180
Cash flow
€10,218▼
2020 · €21,356
Quick ratio
0.90▼
2020 · 1.08
Debt to equity
6.13▼
2020 · 9.74
ROE
-3.7%▼
2020 · -2.4%
Interest coverage
4.69▼
2020 · 18.57
Debt ≤ 1 year
€483,199▼
2020 · €794,642
Debt > 1 year
€10,117▼
2020 · €17,765
Income taxes
€6,729▲
2020 · €4,362
Staff costs
€3,643▼
2020 · €21,483
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €581,721 | €630,027 | €667,447 | €596,187 | ▼ 10.7% |
| Non-recurring operating income76A | - | - | €4,815 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €618,126 | €564,927 | ▼ 8.6% |
| Remuneration, social security and pensions62 | - | - | €21,483 | €3,643 | ▼ 83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,654 | €21,671 | €23,386 | €13,174 | ▼ 43.7% |
| Other operating charges640/8 | - | - | €5,473 | €6,173 | ▲ 12.8% |
| Gross operating margin9900 | €110,082 | €109,084 | €54,136 | €31,260 | ▼ 42.3% |
| Operating profit (loss)9901 | €39,867 | €76,181 | €3,794 | €8,270 | ▲ 118% |
| Financial income75/76B | - | - | €2 | €78 | ▲ 3,568% |
| Recurring financial income75 | €359 | €0 | €2 | €78 | ▲ 3,568% |
| Financial charges65/66B | - | - | €1,463 | €4,576 | ▲ 213% |
| Recurring financial charges65 | €566 | €1,475 | €1,463 | €4,576 | ▲ 213% |
| Profit (loss) for the period before taxes9903 | €39,660 | €74,706 | €2,333 | €3,772 | ▲ 61.7% |
| Income taxes67/77 | €12,700 | €27,950 | €4,362 | €6,729 | ▲ 54.2% |
| Profit (loss) for the period9904 | €26,960 | €46,756 | -€2,030 | -€2,957 | ▼ 45.7% |
| Profit (loss) for the period to be appropriated9905 | €26,960 | €46,756 | -€2,030 | -€2,957 | ▼ 45.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €137,083 | €556,865 | €895,789 | €573,741 | ▼ 36.0% |
| Fixed assets21/28 | €29,248 | €55,929 | €34,466 | €26,429 | ▼ 23.3% |
| Tangible fixed assets22/27 | €28,948 | €54,329 | €32,866 | €24,829 | ▼ 24.5% |
| Plant, machinery and equipment23 | - | - | €3,125 | €2,371 | ▼ 24.1% |
| Furniture and vehicles24 | - | - | €29,741 | €22,457 | ▼ 24.5% |
| Financial fixed assets28 | €300 | €1,600 | €1,600 | €1,600 | = |
| Current assets29/58 | €107,835 | €500,936 | €861,324 | €547,313 | ▼ 36.5% |
| Stocks and contracts in progress3 | - | - | - | €113,470 | - |
| Stocks30/36 | - | - | - | €113,470 | - |
| Amounts receivable within one year40/41 | €75,597 | €486,900 | €784,679 | €410,023 | ▼ 47.7% |
| Trade receivables40 | - | - | €673,500 | €300,589 | ▼ 55.4% |
| Other amounts receivable41 | - | - | €111,179 | €109,434 | ▼ 1.6% |
| Cash at bank and in hand54/58 | €30,306 | €10,470 | €70,871 | €22,194 | ▼ 68.7% |
| Deferred charges and accrued income490/1 | - | - | €5,774 | €1,625 | ▼ 71.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €137,083 | €556,865 | €895,789 | €573,741 | ▼ 36.0% |
| Equity10/15 | €38,656 | €85,412 | €83,382 | €80,425 | ▼ 3.5% |
| Contributions10/11 | €100 | €100 | €100 | €100 | = |
| Reserves13 | €10 | €10 | €10 | €10 | = |
| Non-distributable reserves130/1 | - | - | €10 | €10 | = |
| Reserves not available under the articles1311 | - | - | €10 | €10 | = |
| Profit (loss) carried forward14 | €38,546 | €85,302 | €83,272 | €80,315 | ▼ 3.6% |
| Amounts payable17/49 | €98,427 | €471,454 | €812,408 | €493,316 | ▼ 39.3% |
| Amounts payable after more than one year17 | €12,071 | €29,429 | €17,765 | €10,117 | ▼ 43.1% |
| Financial debts170/4 | - | - | €17,765 | €10,117 | ▼ 43.1% |
| Amounts payable within one year42/48 | €86,356 | €442,025 | €794,642 | €483,199 | ▼ 39.2% |
| Current portion of amounts payable after more than one year42 | - | - | €4,051 | - | - |
| Financial debts43 | - | - | €7,372 | €7,998 | ▲ 8.5% |
| Credit institutions430/8 | - | - | €7,372 | €7,998 | ▲ 8.5% |
| Trade debts44 | €36,851 | €352,270 | €718,659 | €403,480 | ▼ 43.9% |
| Suppliers440/4 | - | - | €718,659 | €403,480 | ▼ 43.9% |
| Taxes, remuneration and social security45 | - | - | €64,560 | €71,721 | ▲ 11.1% |
| Taxes450/3 | - | - | €34,421 | €41,582 | ▲ 20.8% |
| Remuneration and social security454/9 | - | - | €30,139 | €30,139 | = |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,960 | €46,756 | -€2,030 | -€2,957 | ▼ 45.7% |
| + Depreciation and write-downs630 | €17,654 | €21,671 | €23,386 | €13,174 | ▼ 43.7% |
| Operating cash flow (approximation) | €44,614 | €68,427 | €21,356 | €10,218 | ▼ 52.2% |
| Investment in fixed assets (approximation) | - | -€48,352 | -€1,922 | -€5,137 | ▼ 167% |
| Change in cash | - | -€19,836 | €60,401 | -€48,676 | ▼ 181% |
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
2025
27-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 20-01-2025
2023
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 443 days late
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 446 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 551 days late
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 907 days late
2021
31-12
Financial
Weakest financial yearnet -€2,957
Net result drops to -€2,957, the lowest in the series.
2019
31-12
Financial
Highest result since 2018net €46,756 ▲73.4%
Operating result €76,181, net result €46,756, both a record.
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 176 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
03-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Registered office, Jette · 1 establishment unit since 2014
Ground area
129 m²
Building footprint
111 m²
Volume, LiDAR
1,116 m³
Parcel 21464D0075/00M002, Brussels · tallest building 12.4 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
N.P. CONSTRUCT
since 20142.237.677.657
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0075/00M002 | Brussels | 129 m² | 1 · 111 m² | 12.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 | NICOLAS VAN DER BORGHT AVENUE DE FRE 229,
1180 FR BRUXELLES 18 |
20-01-2025 → present |
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,238 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.