R&E CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for R&E CONSTRUCT according to publications in the Belgian State Gazette; curator: Geert SOETAERT.
Summary
The 2023 annual accounts show equity of €70,414 and a net result of €55,427.
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
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 19 March 2026
- Supervising judge
- Joost Muylle
- Official Gazette
- 25-03-2026 (pdf) ↗search the document for 2026/113096
Curator
- Geert SoetaertGroeningestraat 33, 8500 Kortrijkgeertsoetaert@dsda.be
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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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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. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 17-09-2024, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
48 d late
2022
410 d late
2021
68 d late
2020
185 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 178 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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?Address check Are there other customers at risk in your own list?Debtor check 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 2023, micro schema
Equity
€70,414▲ 370%
2022 · €14,987
Total assets
€76,444▲ 192%
2022 · €26,159
Net result
€55,427
2022 · -€50,183
Working capital
€69,595▲ 896%
2022 · €6,989
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
Line2020202120222023
Operating result€74,740-€9,614▼ 87.1%-€4,620€59,481
Net result€58,229-€4,940▼ 91.5%-€50,183€55,427
Equity€60,229-€65,170▲ 8.2%€14,987▼ 77.0%€70,414▲ 370%
Total assets€91,114-€113,722▲ 24.8%€26,159▼ 77.0%€76,444▲ 192%
Debt€30,885-€48,553▲ 57.2%€11,172▼ 77.0%€6,030▼ 46.0%
Working capital€44,140-€49,676▲ 12.5%€6,989▼ 85.9%€69,595▲ 896%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €59,481 after a loss of €4,620 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €76,444
Fixed assets
€818 ▼ 89.8%
Current assets
€75,626 ▲ 316%
Equity and liabilities €76,444
Equity
€70,414 ▲ 370%
Debt
€6,030 ▼ 46.0%
Debt's share of the balance-sheet total falls from 42.7% to 7.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,019▲
2022 · €4,024
Cash flow
€59,965▲
2022 · -€41,538
Current ratio
12.54▲
2022 · 1.63
Debt to equity
0.09▼
2022 · 0.75
ROE
78.7%▲
2022 · -334.9%
ROA
72.5%▲
2022 · -191.8%
Interest coverage
87.71▲
2022 · 6.01
Debt ≤ 1 year
€6,030▼
2022 · €11,172
Income taxes
€3,324▲
2022 · €356
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,822 | €7,341 | €8,644 | €4,538 | ▼ 47.5% |
| Other operating charges640/8 | - | €1,192 | €1,154 | €407 | ▼ 64.7% |
| Gross operating margin9900 | €77,562 | €18,148 | €5,178 | €64,426 | ▲ 1,144% |
| Operating profit (loss)9901 | €74,740 | €9,614 | -€4,620 | €59,481 | ▲ 1,387% |
| Financial income75/76B | - | €136 | - | - | - |
| Recurring financial income75 | €0 | €136 | - | - | - |
| Financial charges65/66B | - | €2,323 | €45,207 | €730 | ▼ 98.4% |
| Recurring financial charges65 | €1,566 | €2,323 | €670 | €730 | ▲ 9.0% |
| Non-recurring financial charges66B | - | - | €44,537 | - | - |
| Profit (loss) for the period before taxes9903 | €73,174 | €7,428 | -€49,827 | €58,752 | ▲ 218% |
| Income taxes67/77 | €14,945 | €2,488 | €356 | €3,324 | ▲ 834% |
| Profit (loss) for the period9904 | €58,229 | €4,940 | -€50,183 | €55,427 | ▲ 210% |
| Profit (loss) for the period to be appropriated9905 | €58,229 | €4,940 | -€50,183 | €55,427 | ▲ 210% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €91,114 | €113,722 | €26,159 | €76,444 | ▲ 192% |
| Fixed assets21/28 | €16,090 | €15,494 | €7,998 | €818 | ▼ 89.8% |
| Tangible fixed assets22/27 | €16,090 | €15,444 | €7,948 | €768 | ▼ 90.3% |
| Plant, machinery and equipment23 | - | €2,499 | €2,036 | €768 | ▼ 62.3% |
| Furniture and vehicles24 | - | €12,945 | €5,912 | - | - |
| Financial fixed assets28 | - | €50 | €50 | €50 | = |
| Current assets29/58 | €75,024 | €98,228 | €18,161 | €75,626 | ▲ 316% |
| Amounts receivable within one year40/41 | €65,643 | €89,781 | €12,895 | €63,390 | ▲ 392% |
| Trade receivables40 | - | €82,660 | €908 | €19,162 | ▲ 2,010% |
| Other amounts receivable41 | - | €7,122 | €11,987 | €44,228 | ▲ 269% |
| Cash at bank and in hand54/58 | €8,450 | €6,512 | €3,839 | €10,198 | ▲ 166% |
| Deferred charges and accrued income490/1 | - | €1,935 | €1,427 | €2,038 | ▲ 42.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €91,114 | €113,722 | €26,159 | €76,444 | ▲ 192% |
| Equity10/15 | €60,229 | €65,170 | €14,987 | €70,414 | ▲ 370% |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €58,229 | €63,170 | €12,987 | €68,414 | ▲ 427% |
| Amounts payable17/49 | €30,885 | €48,553 | €11,172 | €6,030 | ▼ 46.0% |
| Amounts payable within one year42/48 | €30,885 | €48,553 | €11,172 | €6,030 | ▼ 46.0% |
| Trade debts44 | €14,885 | €17,019 | €10,943 | €2,477 | ▼ 77.4% |
| Suppliers440/4 | - | €17,019 | €10,943 | €2,477 | ▼ 77.4% |
| Taxes, remuneration and social security45 | - | €31,533 | €229 | €3,553 | ▲ 1,451% |
| Taxes450/3 | - | €17,433 | €229 | €3,553 | ▲ 1,451% |
| Remuneration and social security454/9 | - | €14,100 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,229 | €4,940 | -€50,183 | €55,427 | ▲ 210% |
| + Depreciation and write-downs630 | €2,822 | €7,341 | €8,644 | €4,538 | ▼ 47.5% |
| Operating cash flow (approximation) | €61,051 | €12,282 | -€41,538 | €59,965 | ▲ 244% |
| Investment in fixed assets (approximation) | - | -€6,746 | -€1,148 | €2,642 | ▲ 330% |
| Change in cash | - | -€1,938 | -€2,673 | €6,359 | ▲ 338% |
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
25-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 19-03-2026
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 410 days late
2023
31-12
Financial
Back to profitnet €55,427
Net result €55,427 after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 12.54
Current ratio from 1.63 to 12.54; short-term debt falls from €11,172 to €6,030.
2022
31-12
Financial
Weakest financial yearnet -€50,183
Net result drops to -€50,183, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 68 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 185 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Wervik · 1 establishment unit since 2019
Ground area
1,610 m²
Building footprint
771 m²
Volume, LiDAR
6,089 m³
Parcel 33029C0929/00F000, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
R&E CONSTRUCT
since 20192.289.618.484
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029C0929/00F000 | Flanders | 1,610 m² | 1 · 771 m² | 12.1 m · 3 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 | Geert SOETAERT Groeningestraat 33, 8500 KORTRIJK- |
19-03-2026 → present |
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 6,219 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
Founded21-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0726952642
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.