NICOLAE CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for NICOLAE CONSTRUCT according to publications in the Belgian State Gazette; curator: FREDERIK DE VULDER.
Summary
The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €7k and a net result of €-7k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2021, micro schema
Equity
€7k▼ 46.7%
2020 · €14k
2019: €7k
2020: €14k
2019 → 2021
Total assets
€30k▼ 24.2%
2020 · €40k
2019: €9k
2020: €40k
2019 → 2021
Net result
€-7k
2020 · €7k
2019: €1k
2020: €7k
2019 → 2021
Working capital
€-12k▼ 101%
2020 · €-6k
2019: €7k
2020: €-6k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€7k-€14k▲ 93.4%€7k▼ 46.7%
Operating result€2k-€8k▲ 336%€-6k
Net result€1k-€7k▲ 452%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €6k after €8k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €30k
Fixed assets
€26k ▼ 15.7%
Current assets
€4k ▼ 52.9%
Equity and liabilities €30k
Equity
€7k ▼ 46.7%
Debt
€23k ▼ 12.1%
Debt's share of the balance-sheet total rises from 65.1% to 75.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-991▼
2020 · €13k
Cash flow
€-2k▼
2020 · €12k
Current ratio
0.26▼
2020 · 0.60
Debt to equity
3.07▲
2020 · 0.77
ROE
-87.5%▼
2020 · 48.3%
ROA
-21.5%▼
2020 · 16.9%
Interest coverage
-3.71
Debt ≤ 1 year
€17k▲
2020 · €15k
Debt > 1 year
€6k▼
2020 · €11k
Income taxes
€400▼
2020 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 37 lines
Balance sheet
Code20202021
Assets
Total assets20/58€40k€30k▼
Fixed assets21/28€31k€26k▼
Tangible fixed assets22/27€31k€26k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24-€22k
Financial fixed assets28€130€130=
Current assets29/58€9k€4k▼
Stocks and contracts in progress3€400-
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40-€2k
Other amounts receivable41-€2k
Cash at bank and in hand54/58€5k€191▼
Equity and liabilities
Total equity and liabilities10/49€40k€30k▼
Equity10/15€14k€7k▼
Contributions10/11-€6k
Profit (loss) carried forward14€8k€1k▼
Amounts payable17/49€26k€23k▼
Amounts payable after more than one year17€11k€6k▼
Financial debts170/4-€6k
Amounts payable within one year42/48€15k€17k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€81€12k▲
Suppliers440/4-€12k
Other amounts payable47/48-€360
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8-€235
Gross operating margin9900€13k€-755▼
Operating profit (loss)9901€8k€-6k▼
Recurring financial income75€7-
Financial charges65/66B-€267
Recurring financial charges65€103€267▲
Profit (loss) for the period before taxes9903€8k€-6k▼
Income taxes67/77€1k€400▼
Profit (loss) for the period9904€7k€-7k▼
Profit (loss) for the period to be appropriated9905€7k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1k
Profit (loss) brought forward from the previous period14P-€8k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL NICOLAE CONSTRUCT RUE DES ARCHERS 39, 1081 KOEKELBERG · event 03-10-2025
17-01
KBO administration
Address struck
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 438 days late
2021
31-12
Financial
Weakest financial yearnet €-7k ▼197%
Net result drops to €-7k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €7k ▲452%
Operating result €8k, net result €7k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Koekelberg · 1 establishment unit since 2019
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 Crossroads Bank.
Boogschuttersstraat 391081 KoekelbergGround area
587 m²
Building footprint
438 m²
Volume, LiDAR
4,687 m³
2 parcels, Brussels · tallest building 21.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
NICOLAE CONSTRUCT
since 20192.289.286.013
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0034/00Y014 | Brussels | 465 m² | 1 · 338 m² | 21.9 m · 2 fl. |
| 21492B0003/00R007 | Brussels | 121 m² | 1 · 100 m² | 16.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | FREDERIK DE VULDER 59 B, AVENUE REINE ASTRID
(BTE 3), 1780 WEMMEL |
03-10-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-2019
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.