SANDRA CONSTRUCT
InactiveSANDRA CONSTRUCT was declared bankrupt on 26-04-2022 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed for insufficient assets by judgment of 06-05-2025, published in the Belgian Official Gazette on 12-05-2025.
Summary
Inactive; last annual accounts for financial year 2020.
Overview
Activity
Activity not known
Size
€107,704total assets 2020
- Equity
- -€24,116
- Profit
- €10,285
Turnover not published (micro format)
Financial health
Inactive: no score
Structure
0 of 4 deeds read
SignalsneutralPrior bankruptcyNo filing for yearsFiled after the deadlineShow the evidence
Signals
Three signals.
neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filingsPosition against the passed deadline
31-12-2021 year end31-07-2022 deadline17-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 · 9 filingsDeviation from the deadline
2020
31 days late
2019
207 days late
2018
55 days late
2017
55 days late
2016
27 days early
2015
27 days early
2014
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 46 days after the deadline; the Belgian median for financial year 2020 is 1 day before the deadline, and 46% of all filings were late.
Searched, nothing found (1)
- Bankruptcy closure (insufficient assets)Enterprise Court of Antwerp, Tongeren…
- Supervising judge replacedEnterprise Court of Antwerp, Tongeren…
- OpeningEnterprise Court of Antwerp, Tongeren…
Financials · financial year 2020, micro format
2020 annual accounts filed late (31 days) Filed on 31 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-63700269.
Equity
-€24,116▲ 29.9%
2019 · -€34,401
Total assets
€107,704▲ 17.5%
2019 · €91,651
Net result
€10,285▼ 35.8%
2019 · €16,017
Working capital
-€42,129▲ 12.6%
2019 · -€48,175
Trend over the years
2018 to 2020, 3 financial years 2018 to 2020, 3 financial years
The operating result falls in 2020; 2020 is 29% below 2019.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€13,199
2020
Net result€10,285
2020
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€107,704
2020
Equity-€24,116
2020
Debt€131,820
2020
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€42,129
2020
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result-€66,462-€18,681€13,199▼ 29.3%
Net result-€69,117-€16,017€10,285▼ 35.8%
Equity-€50,418--€34,401▲ 31.8%-€24,116▲ 29.9%
Total assets€151,092-€91,651▼ 39.3%€107,704▲ 17.5%
Debt€201,510-€126,052▼ 37.4%€131,820▲ 4.6%
Working capital-€67,074--€48,175▲ 28.2%-€42,129▲ 12.6%
Staff (FTE)3.3-
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €107,704
Fixed assets
€29,097 ▼ 26.0%
Current assets
€78,607 ▲ 50.3%
Equity and liabilities
Equity-€24,116
Debt€131,820
Equity is negative: debt (€131,820) exceeds the balance-sheet total (€107,704).
Key figures and ratios
EBITDA
€24,605▼
2019 · €36,482
Cash flow
€21,691▼
2019 · €33,818
Solvency
-22.4%▲
2019 · -37.5%
Current ratio
0.65▲
2019 · 0.52
ROA
9.5%▼
2019 · 17.5%
Debt ≤ 1 year
€120,736▲
2019 · €100,488
Debt > 1 year
€11,084▼
2019 · €25,564
Income taxes
€516
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
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,801 | €17,801 | €11,406 | ▼ 35.9% |
| Gross operating margin9900 | €36,442 | €46,866 | €31,341 | ▼ 33.1% |
| Operating profit (loss)9901 | -€66,462 | €18,681 | €13,199 | ▼ 29.3% |
| Recurring financial income75 | €2,575 | - | - | - |
| Recurring financial charges65 | €4,600 | €2,664 | €2,398 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | -€68,488 | €16,017 | €10,801 | ▼ 32.6% |
| Income taxes67/77 | €629 | - | €516 | - |
| Profit (loss) for the period9904 | -€69,117 | €16,017 | €10,285 | ▼ 35.8% |
| Profit (loss) for the period to be appropriated9905 | -€69,117 | €16,017 | €10,285 | ▼ 35.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €151,092 | €91,651 | €107,704 | ▲ 17.5% |
| Formation expenses20 | €0 | - | - | - |
| Fixed assets21/28 | €57,139 | €39,338 | €29,097 | ▼ 26.0% |
| Tangible fixed assets22/27 | €57,139 | €39,338 | €29,097 | ▼ 26.0% |
| Current assets29/58 | €93,953 | €52,313 | €78,607 | ▲ 50.3% |
| Stocks and contracts in progress3 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €80,834 | €52,313 | €77,487 | ▲ 48.1% |
| Cash at bank and in hand54/58 | €0 | - | €1,120 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €151,092 | €91,651 | €107,704 | ▲ 17.5% |
| Equity10/15 | -€50,418 | -€34,401 | -€24,116 | ▲ 29.9% |
| Contributions10/11 | €1 | €1 | €1 | = |
| Reserves13 | €9,685 | €9,685 | €9,685 | = |
| Profit (loss) carried forward14 | -€60,104 | -€44,087 | -€33,802 | ▲ 23.3% |
| Amounts payable17/49 | €201,510 | €126,052 | €131,820 | ▲ 4.6% |
| Amounts payable after more than one year17 | €35,694 | €25,564 | €11,084 | ▼ 56.6% |
| Amounts payable within one year42/48 | €161,028 | €100,488 | €120,736 | ▲ 20.1% |
| Trade debts44 | €84,751 | €13,355 | €26,111 | ▲ 95.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€69,117 | €16,017 | €10,285 | ▼ 35.8% |
| + Depreciation and write-downs630 | €17,801 | €17,801 | €11,406 | ▼ 35.9% |
| Operating cash flow (approximation) | -€51,316 | €33,818 | €21,691 | ▼ 35.9% |
| Investment in fixed assets (approximation) | - | -€0 | -€1,165 | ▼ 647,122% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2020 | micro format | 31-08-2021 | 2021-63700269 |
| 31-12-2019 | micro format | 23-02-2021 | 2021-06200206 |
| 31-12-2018 | micro format | 24-09-2019 | 2019-66100378 |
| 31-12-2017 | micro format | 24-09-2018 | 2018-64600177 |
| 31-12-2016 | micro format | 04-07-2017 | 2017-27100027 |
| 31-12-2015 | full format | 04-07-2016 | 2016-27100154 |
| 31-12-2014 | full format | 26-08-2015 | 2015-49100397 |
| 31-12-2013 | full format | 22-08-2014 | 2014-45600075 |
| 31-12-2012 | full format | 30-08-2013 | 2013-57300466 |
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 | Kathleen Velkeneers Kasteelstraat 23B, 3840 Borgloon |
26-04-2022 → 06-05-2025 |
| Trustee | Gerry Banken Grotestraat 122, 3600 Genk |
30-06-2020 → 24-08-2020 |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
12-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Enterprise Court of Antwerp, Tongeren division · judgment of 06-05-2025
2024
17-05
Bankruptcy
Supervising judge replaced
Enterprise Court of Antwerp, Tongeren division · judgment of 07-05-2024
2022
02-05
Bankruptcy
Opening
Enterprise Court of Antwerp, Tongeren division · judgment of 26-04-2022
2021
31-08
NBB filing
Annual accounts filed
financial year 2020 · micro format · 31 days late
23-02
NBB filing
Annual accounts filed
financial year 2019 · micro format · 207 days late
2020
27-08
Bankruptcy
Bankruptcy reversal
Enterprise Court of Antwerp, Tongeren division · judgment of 24-08-2020
06-07
Bankruptcy
Opening
Enterprise Court of Antwerp, Tongeren division · judgment of 30-06-2020
2019
31-12
Financial
Back to profitnet €16,017
Net result €16,017 after one loss-making year.
24-09
NBB filing
Annual accounts filed
financial year 2018 · micro format · 55 days late
2018
24-09
NBB filing
Annual accounts filed
financial year 2017 · micro format · 55 days late
2017
04-07
NBB filing
Annual accounts filed
financial year 2016 · micro format
2016
04-07
NBB filing
Annual accounts filed
financial year 2015 · full format
Show earlier events
2015
26-08
NBB filing
Annual accounts filed
financial year 2014 · full format · 26 days late
2014
22-08
NBB filing
Annual accounts filed
financial year 2013 · full format · 22 days late
2013
30-08
NBB filing
Annual accounts filed
financial year 2012 · full format · 30 days late
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.
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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.