OLBUD
Bankruptcy closedInactive since 19-05-2026; last annual accounts for fiscal year 2021.
Summary
OLBUD was declared bankrupt on 17-10-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 12-05-2026, published in the Belgian State Gazette on 01-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-06-2022, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2021
31 d early
2020
31 d late
2019
27 d late
2018
57 d early
2017
12 d early
2016
59 d late
2015
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2021 is 1 day before the deadline, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide 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?Process a list How is the Other specialised construction activities sector doing?Sector figures
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Financials · fiscal year 2021, micro schema
Equity
€2,594▼ 91.3%
2020 · €29,841
Total assets
€50,947▼ 42.0%
2020 · €87,849
Net result
-€27,247▼ 184%
2020 · -€9,610
Working capital
€24,093▼ 19.3%
2020 · €29,841
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€25,442--€3,674▲ 85.6%-€8,757▼ 138%-€24,753▼ 183%
Net result-€30,895--€5,075▲ 83.6%-€9,610below the sector's middle half▼ 89.4%-€27,247below the sector's middle half▼ 184%
Equity€44,525-€39,450▼ 11.4%€29,841within the sector's middle half▼ 24.4%€2,594below the sector's middle half▼ 91.3%
Total assets€93,715-€80,347▼ 14.3%€87,849within the sector's middle half▲ 9.3%€50,947below the sector's middle half▼ 42.0%
Debt€49,190-€40,897▼ 16.9%€58,009▲ 41.8%€48,353▼ 16.6%
Working capital€43,911-€39,315▼ 10.5%€29,841within the sector's middle half▼ 24.1%€24,093within the sector's middle half▼ 19.3%
Solvency47.5%-49.1%▲ 1.6pp34.0%within the sector's middle half▼ 15.1pp5.1%below the sector's middle half▼ 28.9pp
Current ratio1.89-1.96▲ 0.071.51within the sector's middle half▼ 0.451.90within the sector's middle half▲ 0.38
Return on assets (ROA)-33.0%--6.3%▲ 26.7pp-10.9%below the sector's middle half▼ 4.6pp-53.5%below the sector's middle half▼ 42.5pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24,753 in 2021 against €8,757 in 2020; the loss grows.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €50,947
Equity
€2,594 ▼ 91.3%
Debt
€48,353 ▼ 16.6%
Debt's share of the balance-sheet total rises from 66.0% to 94.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€24,753▼
2020 · -€8,622
Cash flow
-€27,247▼
2020 · -€9,475
Debt to equity
18.64
Interest coverage
-9.93
Debt ≤ 1 year
€26,854▼
2020 · €58,009
A ratio outside any meaningful range has been withheld (balance sheet total €50,947, equity €2,594).
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,371 | €479 | €135 | €0 | ▼ 99.9% |
| Other operating charges640/8 | - | - | - | €16,074 | - |
| Non-recurring operating charges66A | - | - | - | €11,069 | - |
| Gross operating margin9900 | -€22,785 | -€1,539 | -€7,093 | €2,389 | ▲ 134% |
| Operating profit (loss)9901 | -€25,442 | -€3,674 | -€8,757 | -€24,753 | ▼ 183% |
| Recurring financial income75 | €5 | - | - | - | - |
| Financial charges65/66B | - | - | - | €2,493 | - |
| Recurring financial charges65 | €5,458 | €1,401 | €852 | €2,493 | ▲ 193% |
| Profit (loss) for the period before taxes9903 | -€30,895 | -€5,075 | -€9,610 | -€27,247 | ▼ 184% |
| Profit (loss) for the period9904 | -€30,895 | -€5,075 | -€9,610 | -€27,247 | ▼ 184% |
| Profit (loss) for the period to be appropriated9905 | -€30,895 | -€5,075 | -€9,610 | -€27,247 | ▼ 184% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €93,715 | €80,347 | €87,849 | €50,947 | ▼ 42.0% |
| Fixed assets21/28 | €614 | €135 | €0 | - | - |
| Tangible fixed assets22/27 | €614 | €135 | €0 | - | - |
| Current assets29/58 | €93,101 | €80,212 | €87,849 | €50,947 | ▼ 42.0% |
| Amounts receivable within one year40/41 | €89,798 | €76,208 | €86,195 | €45,578 | ▼ 47.1% |
| Trade receivables40 | - | - | - | €45,578 | - |
| Cash at bank and in hand54/58 | €981 | - | €109 | €4,763 | ▲ 4,266% |
| Deferred charges and accrued income490/1 | - | - | - | €605 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €93,715 | €80,347 | €87,849 | €50,947 | ▼ 42.0% |
| Equity10/15 | €44,525 | €39,450 | €29,841 | €2,594 | ▼ 91.3% |
| Contributions10/11 | €7,000 | €7,000 | - | €7,000 | - |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | - |
| Profit (loss) carried forward14 | €35,525 | €30,450 | €20,841 | -€6,406 | ▼ 131% |
| Amounts payable17/49 | €49,190 | €40,897 | €58,009 | €48,353 | ▼ 16.6% |
| Amounts payable within one year42/48 | €49,190 | €40,897 | €58,009 | €26,854 | ▼ 53.7% |
| Financial debts43 | - | - | - | €1,262 | - |
| Credit institutions430/8 | - | - | - | €1,262 | - |
| Trade debts44 | €35,015 | €24,918 | €31,921 | €22,517 | ▼ 29.5% |
| Suppliers440/4 | - | - | - | €22,517 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,074 | - |
| Taxes450/3 | - | - | - | €3,074 | - |
| Accrued charges and deferred income492/3 | - | - | - | €21,499 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,895 | -€5,075 | -€9,610 | -€27,247 | ▼ 184% |
| + Depreciation and write-downs630 | €1,371 | €479 | €135 | €0 | ▼ 99.9% |
| Operating cash flow (approximation) | -€29,524 | -€4,596 | -€9,475 | -€27,247 | ▼ 188% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | - | - | €4,654 | - |
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
01-06
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · event 12-05-2026
2022
21-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 17-10-2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
2015
16-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
11-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
20-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalNBB filing
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene
Ground area
61 m²
Building footprint
48 m²
Volume, LiDAR
651 m³
Parcel 21443C0039/00Z000, Brussels · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0039/00Z000 | Brussels | 61 m² | 1 · 48 m² | 15.8 m · 5 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 | EMILIE MICHEL Avenue De Fre 229, 1180 02 Uccle |
17-10-2022 → 12-05-2026 |
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Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded28-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43120Site preparation
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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.