ROYAL
Open bankruptcyA bankruptcy procedure is open for ROYAL according to publications in the Belgian State Gazette; curator: LIEVE TEINTENIER.
Summary
The 2023 annual accounts show equity of €298,887 and a net result of €114,191.
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, Ghent division
- Declared bankrupt
- 17 March 2026
- Supervising judge
- Eddy De Grave
- Official Gazette
- 23-03-2026 (pdf) ↗search the document for 2026/112608
Deadlines
- Provisional date payments stopped
- 13 March 2026Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 7 April 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 16 April 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 21 April 2026Goods 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
- 17 March 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Lieve TeintenierFranklin Roosevelt 42, 9600 Ronseinfo@teintenier.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.
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
Three 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 30-06-2023 was due by 31-01-2024 and was filed on 31-01-2024, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
on the day
2022
41 d late
2021
406 d late
2020
771 d late
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 239 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% 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?Addresses Are there other customers at risk in your own list?List enrichment How is the Construction of roads and motorways sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
€298,887▲ 61.8%
2022 · €184,766
Total assets
€734,574▲ 42.2%
2022 · €516,679
Net result
€114,191▲ 497%
2022 · €19,139
Working capital
€256,282▲ 76.1%
2022 · €145,492
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Line20192020202120222023
Operating result€46,823--€4,929€91,908€35,020▼ 61.9%€157,598▲ 350%
Net result€40,183--€27,526below the sector's middle half€87,559within the sector's middle half€19,139within the sector's middle half▼ 78.1%€114,191within the sector's middle half▲ 497%
Equity€105,594-€78,068below the sector's middle half▼ 26.1%€165,627below the sector's middle half▲ 112%€184,766within the sector's middle half▲ 11.6%€298,887within the sector's middle half▲ 61.8%
Total assets€251,404-€200,171below the sector's middle half▼ 20.4%€334,308below the sector's middle half▲ 67.0%€516,679below the sector's middle half▲ 54.6%€734,574within the sector's middle half▲ 42.2%
Debt€145,809-€122,102▼ 16.3%€168,680▲ 38.1%€331,913▲ 96.8%€435,687▲ 31.3%
Working capital€110,722-€22,394below the sector's middle half▼ 79.8%€121,489within the sector's middle half▲ 443%€145,492within the sector's middle half▲ 19.8%€256,282within the sector's middle half▲ 76.1%
Solvency42.0%-39.0%within the sector's middle half▼ 3.0pp49.5%within the sector's middle half▲ 10.5pp35.8%within the sector's middle half▼ 13.8pp40.7%within the sector's middle half▲ 4.9pp
Current ratio1.82-1.18within the sector's middle half▼ 0.631.86within the sector's middle half▲ 0.671.46within the sector's middle half▼ 0.401.59within the sector's middle half▲ 0.13
Return on assets (ROA)16.0%--13.8%below the sector's middle half▼ 29.7pp26.2%above the sector's middle half▲ 39.9pp3.7%within the sector's middle half▼ 22.5pp15.5%above the sector's middle half▲ 11.8pp
Staff (FTE)6.8within the sector's middle half8.4within the sector's middle half▲ 23.5%9.4within the sector's middle half▲ 11.9%9.9within the sector's middle half▲ 5.3%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 350% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €734,574
Fixed assets
€44,792 ▼ 16.0%
Current assets
€689,782 ▲ 48.9%
Equity and liabilities €734,574
Equity
€298,887 ▲ 61.8%
Debt
€435,687 ▲ 31.3%
Debt's share of the balance-sheet total falls from 64.2% to 59.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€175,491▲
2022 · €52,513
Cash flow
€132,084▲
2022 · €36,632
Debt to equity
1.46▼
2022 · 1.80
ROE
38.2%▲
2022 · 10.4%
Interest coverage
27.38▲
2022 · 8.68
Debt ≤ 1 year
€433,500▲
2022 · €317,862
Debt > 1 year
€2,187▼
2022 · €14,051
Income taxes
€45,229▲
2022 · €9,835
Staff costs
€395,419▲
2022 · €323,654
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €826 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €170,091 | €268,251 | €323,654 | €395,419 | ▲ 22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,152 | €652 | €14,868 | €17,493 | €17,893 | ▲ 2.3% |
| Other operating charges640/8 | - | €2,559 | €8,928 | €3,857 | €2,444 | ▼ 36.6% |
| Non-recurring operating charges66A | - | €3,949 | - | - | - | - |
| Gross operating margin9900 | €230,067 | €172,321 | €383,955 | €380,024 | €573,354 | ▲ 50.9% |
| Operating profit (loss)9901 | €46,823 | -€4,929 | €91,908 | €35,020 | €157,598 | ▲ 350% |
| Financial income75/76B | - | €29 | €1 | €1 | €8,233 | ▲ 1,127,674% |
| Recurring financial income75 | €478 | €29 | €1 | €1 | €8,233 | ▲ 1,127,674% |
| Financial charges65/66B | - | €7,179 | €4,350 | €6,047 | €6,410 | ▲ 6.0% |
| Recurring financial charges65 | €2,345 | €7,179 | €4,350 | €6,047 | €6,410 | ▲ 6.0% |
| Profit (loss) for the period before taxes9903 | €44,956 | -€12,079 | €87,559 | €28,974 | €159,421 | ▲ 450% |
| Income taxes67/77 | €4,773 | €15,447 | - | €9,835 | €45,229 | ▲ 360% |
| Profit (loss) for the period9904 | €40,183 | -€27,526 | €87,559 | €19,139 | €114,191 | ▲ 497% |
| Profit (loss) for the period to be appropriated9905 | €40,183 | -€27,526 | €87,559 | €19,139 | €114,191 | ▲ 497% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €251,404 | €200,171 | €334,308 | €516,679 | €734,574 | ▲ 42.2% |
| Fixed assets21/28 | €5,152 | €55,675 | €70,818 | €53,325 | €44,792 | ▼ 16.0% |
| Tangible fixed assets22/27 | €5,152 | €55,675 | €70,818 | €53,325 | €44,792 | ▼ 16.0% |
| Plant, machinery and equipment23 | - | - | €2,371 | €1,879 | €7,164 | ▲ 281% |
| Furniture and vehicles24 | - | €55,675 | €68,447 | €51,446 | €37,628 | ▼ 26.9% |
| Current assets29/58 | €246,252 | €144,496 | €263,489 | €463,354 | €689,782 | ▲ 48.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €290,000 | - |
| Other amounts receivable291 | - | - | - | - | €290,000 | - |
| Amounts receivable within one year40/41 | €245,831 | €119,051 | €263,489 | €463,354 | €399,782 | ▼ 13.7% |
| Trade receivables40 | - | €78,306 | €99,138 | €210,524 | €373,764 | ▲ 77.5% |
| Other amounts receivable41 | - | €40,745 | €164,351 | €252,830 | €26,018 | ▼ 89.7% |
| Cash at bank and in hand54/58 | - | €25,445 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €251,404 | €200,171 | €334,308 | €516,679 | €734,574 | ▲ 42.2% |
| Equity10/15 | €105,594 | €78,068 | €165,627 | €184,766 | €298,887 | ▲ 61.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €19,930 | ▼ 0.4% |
| Reserves13 | €3,101 | €3,101 | €3,101 | €3,101 | €3,101 | = |
| Non-distributable reserves130/1 | - | €3,101 | €3,101 | €3,101 | €3,101 | = |
| Reserves not available under the articles1311 | - | €3,101 | €3,101 | €3,101 | €3,101 | = |
| Profit (loss) carried forward14 | €82,493 | €54,967 | €142,526 | €161,665 | €275,856 | ▲ 70.6% |
| Amounts payable17/49 | €145,809 | €122,102 | €168,680 | €331,913 | €435,687 | ▲ 31.3% |
| Amounts payable after more than one year17 | - | - | €26,681 | €14,051 | €2,187 | ▼ 84.4% |
| Financial debts170/4 | - | - | €26,681 | €14,051 | €2,187 | ▼ 84.4% |
| Amounts payable within one year42/48 | €135,530 | €122,102 | €142,000 | €317,862 | €433,500 | ▲ 36.4% |
| Current portion of amounts payable after more than one year42 | - | - | €12,310 | €12,629 | €12,929 | ▲ 2.4% |
| Financial debts43 | - | - | €4,057 | €6,424 | €3,493 | ▼ 45.6% |
| Credit institutions430/8 | - | - | €4,057 | €6,424 | €3,493 | ▼ 45.6% |
| Trade debts44 | €120,094 | €108,128 | €99,704 | €233,079 | €298,137 | ▲ 27.9% |
| Suppliers440/4 | - | €108,128 | €99,704 | €233,079 | €298,137 | ▲ 27.9% |
| Taxes, remuneration and social security45 | - | €13,974 | €25,929 | €47,280 | €100,490 | ▲ 113% |
| Taxes450/3 | - | - | - | - | €42,729 | - |
| Remuneration and social security454/9 | - | €13,974 | €25,929 | €47,280 | €57,761 | ▲ 22.2% |
| Other amounts payable47/48 | - | - | - | €18,450 | €18,450 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,183 | -€27,526 | €87,559 | €19,139 | €114,191 | ▲ 497% |
| + Depreciation and write-downs630 | €5,152 | €652 | €14,868 | €17,493 | €17,893 | ▲ 2.3% |
| Operating cash flow (approximation) | €45,335 | -€26,874 | €102,427 | €36,632 | €132,084 | ▲ 261% |
| Investment in fixed assets (approximation) | - | -€51,175 | -€30,012 | €0 | -€9,360 | - |
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
23-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 17-03-2026
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €114,191 ▲497%
Operating result €157,598, net result €114,191, both a record.
30-06
Financial
Equity above €200,000Eq €298,887 ▲61.8%
3 profitable years in a row build equity to €298,887.
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 41 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 406 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 771 days late
2021
30-06
Financial
Back to profitnet €87,559
Net result €87,559 after one loss-making year.
30-06
Financial
Equity above €150,000Eq €165,627 ▲112%
Equity rises from €78,068 to €165,627.
2020
30-06
Financial
Weakest financial yearnet -€27,526
Net result drops to -€27,526, the lowest in the series.
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
Show earlier events
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
2016
28-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
14-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
6 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, Merelbeke-Melle · 1 establishment unit since 1991
Ground area
2,728 m²
Building footprint
1,185 m²
Volume, LiDAR
5,763 m³
Parcel 44412B0005/00F000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Wegenwerk
since 19912.051.298.095
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0005/00F000 | Flanders | 2,728 m² | 1 · 1,185 m² | 7.2 m · 2 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 | LIEVE TEINTENIER FRANKLIN ROOSEVELT 42,
9600 RONSE |
17-03-2026 → present |
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Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 795 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
Founded10-12-1990
Fiscal year end30-06
Activities, NACEBEL 2025
42110Construction of roads and motorways
43120Site preparation
42212Civil engineering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442532311
Also
9925:BE0442532311
Registered
26-02-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.