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SALA CONSTRUCT

Open bankruptcy
Private limited companyfounded 2013Zevenputtenstraat 7, 3690 Zutendaal, BelgiumKBO/BCE: BE 0537.808.778
Summary

A bankruptcy procedure is open for SALA CONSTRUCT according to publications in the Belgian Official Gazette. The 2019 annual accounts show negative equity (-€65,909) and a net result of -€2,954.

SALA CONSTRUCTOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
Enterprise Court of Antwerp, Tongeren division
Declared bankrupt
7 December 2021
Supervising judge
Willem Corstjens
Official Gazette
14-12-2021 (pdf) ↗search the document for 2021/143671

Deadlines

Provisional date payments stopped
7 December 2021A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 29 December 2021Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 6 January 2022art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 18 January 2022Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
passed on 7 December 2022A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustees

On 5 April 2022 the court published a change of trustee. Who runs the file now is in that publication (reference 2022/113271) and in RegSol.That day's Gazette (pdf) ↗

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Other building finishing work
NACE 43350
1 site
Size
€45,399total assets 2019
Equity
-€65,909
Loss
-€2,954
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
4 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcy2019 accounts filed 88 days lateShow the evidence

Signals

Two signals.
raises risk
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
raises risk · 2019 accounts filed 88 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 27-10-2020, 88 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filings
Deviation from the deadline
2020
not filed
2019
88 days late
2018
12 days late
2017
21 days late
2016
4 days early
2015
30 days late
2014
14 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 22 days after the deadline; the sector median (NACE 43) for financial year 2020 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Change of trusteeEnterprise Court of Antwerp, Tongeren…
  2. OpeningEnterprise Court of Antwerp, Tongeren…
  3. Annual accounts filedfinancial year 2019 · micro…

Financials · financial year 2019, micro format

2019 annual accounts filed late (88 days) Filed on 27 October 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-67300175.

Equity
-€65,909▼ 4.7%
2018 · -€62,954
Total assets
€45,399▼ 9.8%
2018 · €50,321
Net result
-€2,954
2018 · €16,501
Working capital
€5,090
2018 · -€79,146
Trend over the years

2018 to 2019, 2 financial years 2018 to 2019, 2 financial years

The operating result turns negative in 2019: a loss of €2,830 after €16,747 in 2018.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€2,830 2019 Net result-€2,954 2019

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019
Operating result€16,747--€2,830
Net result€16,501--€2,954
Equity-€62,954--€65,909▼ 4.7%
Total assets€50,321-€45,399▼ 9.8%
Debt€113,276-€111,308▼ 1.7%
Working capital-€79,146-€5,090
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €45,399
Fixed assets €14,001 ▼ 13.5%
Current assets €31,398 ▼ 8.0%
Equity and liabilities
Equity-€65,909
Debt€111,308
Equity is negative: debt (€111,308) exceeds the balance-sheet total (€45,399).
Key figures and ratios
2019 value · change against 2018
EBITDA
-€639▼
2018 · €19,099
Cash flow
-€763▼
2018 · €18,853
Solvency
-145.2%▼
2018 · -125.1%
Current ratio
1.19▲
2018 · 0.30
ROA
-6.5%▼
2018 · 32.8%
Debt ≤ 1 year
€26,308▼
2018 · €113,276
Debt > 1 year
€85,000
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2019 against 2018 · 22 lines
Balance sheet Code20182019
Assets
Total assets20/58€50,321€45,399▼
Fixed assets21/28€16,192€14,001▼
Tangible fixed assets22/27€16,192€14,001▼
Current assets29/58€34,130€31,398▼
Amounts receivable within one year40/41€33,000€31,398▼
Cash at bank and in hand54/58€1,130-
Equity and liabilities
Total equity and liabilities10/49€50,321€45,399▼
Equity10/15-€62,954-€65,909▼
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€82,954-€85,909▼
Amounts payable17/49€113,276€111,308▼
Amounts payable after more than one year17-€85,000
Amounts payable within one year42/48€113,276€26,308▼
Trade debts44€1,375€1,150▼
Income statement Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,352€2,191▼
Gross operating margin9900€20,151-€639▼
Operating profit (loss)9901€16,747-€2,830▼
Recurring financial income75€174-
Recurring financial charges65€420€124▼
Profit (loss) for the period before taxes9903€16,501-€2,954▼
Profit (loss) for the period9904€16,501-€2,954▼
Profit (loss) for the period to be appropriated9905€16,501-€2,954▼
Line20182019Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,352€2,191▼ 6.8%
Gross operating margin9900€20,151-€639-
Operating profit (loss)9901€16,747-€2,830-
Recurring financial income75€174--
Recurring financial charges65€420€124▼ 70.5%
Profit (loss) for the period before taxes9903€16,501-€2,954-
Profit (loss) for the period9904€16,501-€2,954-
Profit (loss) for the period to be appropriated9905€16,501-€2,954-
Line20182019Change
Assets
Total assets20/58€50,321€45,399▼ 9.8%
Fixed assets21/28€16,192€14,001▼ 13.5%
Tangible fixed assets22/27€16,192€14,001▼ 13.5%
Current assets29/58€34,130€31,398▼ 8.0%
Amounts receivable within one year40/41€33,000€31,398▼ 4.9%
Cash at bank and in hand54/58€1,130--
Equity and liabilities
Total equity and liabilities10/49€50,321€45,399▼ 9.8%
Equity10/15-€62,954-€65,909▼ 4.7%
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€82,954-€85,909▼ 3.6%
Amounts payable17/49€113,276€111,308▼ 1.7%
Amounts payable after more than one year17-€85,000-
Amounts payable within one year42/48€113,276€26,308▼ 76.8%
Trade debts44€1,375€1,150▼ 16.4%
Line20182019Change
Profit (loss) for the period9904€16,501-€2,954-
+ Depreciation and write-downs630€2,352€2,191▼ 6.8%
Operating cash flow (approximation)€18,853-€763-
Investment in fixed assets (approximation)--€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (6)
Financial year Type Filed Reference
31-12-2019 micro format 27-10-2020 2020-67300175
31-12-2018 micro format 12-08-2019 2019-45700238
31-12-2017 micro format 21-08-2018 2018-49700572
31-12-2016 micro format 27-07-2017 2017-39600190
31-12-2015 abbreviated format 30-08-2016 2016-52400106
31-12-2014 abbreviated format 17-07-2015 2015-32000488

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 7,258 active companies whose main activity is other building finishing work (NACE 43350), figures are known for 2,372. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

2 mandates
Role Name Tenure
Trustee Andre Gerkens
Stationlaan 45, 3740 Bilzen
07-12-2021 → present
Trustee Sophie Bijloos
Stationlaan 45, 3740 Bilzen
07-12-2021 → present

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

SALA CONSTRUCT was incorporated on 30 August 2013.1 The company has filed 6 sets of annual accounts, the latest for financial year 2019.2 On 7 December 2021 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2019
  3. 3Belgian Official Gazette, 14-12-2021

Acts, filings and financial milestones

2022
11-04
Bankruptcy Change of trustee
Enterprise Court of Antwerp, Tongeren division · judgment of 05-04-2022
2021
14-12
Bankruptcy Opening
Enterprise Court of Antwerp, Tongeren division · judgment of 07-12-2021
2020
27-10
NBB filing Annual accounts filed
financial year 2019 · micro format · 88 days late
2019
31-12
Financial Liquidity more than triplescurrent ratio 1.19
Current ratio from 0.30 to 1.19; short-term debt falls from €113,276 to €26,308.
12-08
NBB filing Annual accounts filed
financial year 2018 · micro format · 12 days late
2018
21-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 21 days late
2017
27-07
NBB filing Annual accounts filed
financial year 2016 · micro format
2016
30-08
NBB filing Annual accounts filed
financial year 2015 · abbreviated format · 30 days late
2015
17-07
NBB filing Annual accounts filed
financial year 2014 · abbreviated format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 4 deeds read
About the unread acts

We know of 4 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded30-08-2013
Financial year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
95319Other maintenance and repair of motor vehicles
46180Agents specialised in the wholesale of other particular products
95314Bodywork repair (including spraying and painting)
Contact
E-mail carrosseriegenk@skynet.beZutendaal
Phone 089/777706Zutendaal
Fax 089/777746Zutendaal
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 24 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Zutendaal · 1 establishment unit since 2013
registered office establishment The establishment unit on the map
Ground area
3,566 m²
Building footprint
1,234 m²
Building volume
5,586 m³
Parcel 71582E0431/00P033, Flanders · tallest building 7.6 m. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Sala Construct
Zevenputtenstraat 7, 3690 ZutendaalOther building finishing work
since 2013unit no. 2.224.365.002
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
71582E0431/00P033 Flanders 3,566 m² 1 · 1,233 m² 7.6 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.