SERG - CONSTRUCT
InactiveSERG - CONSTRUCT was declared bankrupt on 20-09-2021 (Tribunal de l’entreprise francophone de Bruxelles). The bankruptcy was closed for insufficient assets by judgment of 29-10-2024, published in the Belgian Official Gazette on 05-11-2024.
Summary
Inactive. The last annual accounts are for financial year 2017.
Overview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 22-11-2012 · bankruptcy closed on 29-10-2024
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2017
- Gross margin
- €17,527
- ▼ 88.8%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €682
- ▼ 89.6%
- Equity
- €55,088
- ▲ 1.3%
- Total assets
- €123,916
- ▲ 9.8%
Financials
Financials · financial year 2017, micro format
2017 annual accounts filed 120 days after the deadline Filed on 28 November 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-73100115.
Annual accounts 2017 filed on 28-11-2018 PDF all 5 filings
Turnover
≈ €130,000
Estimated: probably between €61,000 and €320,000
EBIT margin
Not included in this filing
Net result
€682▼ 89.6%
2016 · €6,536
Working capital
€55,905▲ 4.3%
2016 · €53,607
Multi-year overview
2013 to 2017, 5 financial yearsOperating result
€1,498
▼ 89.8%
2017
20132017
Net result
€682
▼ 89.6%
2017
20132017
Equity
€55,088
▲ 1.3%
2017
20132017
Total assets
€123,916
▲ 9.8%
2017
20132017
Debt
€68,829
▲ 17.8%
2017
20132017
Working capital
€55,905
▲ 4.3%
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€10,526-€19,826▲ 88.4%€37,348▲ 88.4%€14,708▼ 60.6%€1,498▼ 89.8%
Net result€5,406-€14,547▲ 169%€24,216▲ 66.5%€6,536▼ 73.0%€682▼ 89.6%
Equity€11,606-€26,153▲ 125%€47,869▲ 83.0%€54,405▲ 13.7%€55,088▲ 1.3%
Total assets€57,276-€173,769▲ 203%€127,147▼ 26.8%€112,817▼ 11.3%€123,916▲ 9.8%
Debt€45,670-€147,616▲ 223%€79,278▼ 46.3%€58,412▼ 26.3%€68,829▲ 17.8%
Working capital€10,842-€17,047▲ 57.2%€48,578▲ 185%€53,607▲ 10.4%€55,905▲ 4.3%
The operating result for 2017 is 90% lower than in 2016 and the lowest since 2013. It is the second fall in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €123,916
Fixed assets
€25,298 ▲ 92.5%
Current assets
€98,618 ▼ 1.1%
Equity and liabilities €123,916
Equity
€55,088 ▲ 1.3%
Debt
€68,829 ▲ 17.8%
Debt's share of the balance-sheet total rises from 51.8% to 55.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,319▼
2016 · €26,679
Cash flow
€15,504▼
2016 · €18,507
Current ratio
2.31▲
2016 · 2.16
Debt to equity
0.47▲
2016 · 0.23
ROE
1.2%▼
2016 · 12.0%
ROA
0.6%▼
2016 · 5.8%
Debt ≤ 1 year
€42,714▼
2016 · €46,070
Debt > 1 year
€26,115▲
2016 · €12,342
Income taxes
-€975▼
2016 · €7,000
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €232 | €4,661 | €11,656 | €11,971 | €14,821 | ▲ 23.8% |
| Gross operating margin9900 | €25,082 | €19,511 | €187,773 | €156,312 | €17,527 | ▼ 88.8% |
| Operating profit (loss)9901 | €10,526 | €19,826 | €37,348 | €14,708 | €1,498 | ▼ 89.8% |
| Recurring financial income75 | - | €588 | €658 | €2 | €35 | ▲ 22× |
| Recurring financial charges65 | €1,055 | €704 | €1,225 | €1,173 | €1,826 | ▲ 55.6% |
| Profit (loss) for the period before taxes9903 | €9,471 | €20,624 | €39,402 | €13,536 | -€293 | - |
| Income taxes67/77 | €4,065 | €6,077 | €15,186 | €7,000 | -€975 | - |
| Profit (loss) for the period9904 | €5,406 | €14,547 | €24,216 | €6,536 | €682 | ▼ 89.6% |
| Profit (loss) for the period to be appropriated9905 | €5,406 | €14,547 | €24,216 | €6,536 | €682 | ▼ 89.6% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,276 | €173,769 | €127,147 | €112,817 | €123,916 | ▲ 9.8% |
| Fixed assets21/28 | €764 | €14,503 | €23,458 | €13,140 | €25,298 | ▲ 92.5% |
| Tangible fixed assets22/27 | €464 | €13,318 | €22,273 | €11,955 | €24,113 | ▲ 102% |
| Financial fixed assets28 | €300 | €1,185 | €1,185 | €1,185 | €1,185 | = |
| Current assets29/58 | €56,512 | €159,267 | €103,689 | €99,677 | €98,618 | ▼ 1.1% |
| Amounts receivable within one year40/41 | €44,832 | €127,077 | €59,836 | €89,324 | €90,182 | ▲ 1.0% |
| Cash at bank and in hand54/58 | €11,544 | €31,490 | €43,172 | €8,068 | €7,517 | ▼ 6.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,276 | €173,769 | €127,147 | €112,817 | €123,916 | ▲ 9.8% |
| Equity10/15 | €11,606 | €26,153 | €47,869 | €54,405 | €55,088 | ▲ 1.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €3,546 | €18,093 | €39,809 | €46,345 | €47,028 | ▲ 1.5% |
| Amounts payable17/49 | €45,670 | €147,616 | €79,278 | €58,412 | €68,829 | ▲ 17.8% |
| Amounts payable after more than one year17 | - | €5,397 | €24,167 | €12,342 | €26,115 | ▲ 112% |
| Amounts payable within one year42/48 | €45,670 | €142,220 | €55,111 | €46,070 | €42,714 | ▼ 7.3% |
| Trade debts44 | €39,862 | €128,364 | €30,737 | €16,186 | €23,912 | ▲ 47.7% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,406 | €14,547 | €24,216 | €6,536 | €682 | ▼ 89.6% |
| + Depreciation and write-downs630 | €232 | €4,661 | €11,656 | €11,971 | €14,821 | ▲ 23.8% |
| Operating cash flow (approximation) | €5,638 | €19,208 | €35,872 | €18,507 | €15,504 | ▼ 16.2% |
| Investment in fixed assets (approximation) | - | -€18,400 | -€20,611 | -€1,653 | -€26,979 | ▼ 1,532% |
| Change in cash | - | €19,946 | €11,682 | -€35,104 | -€551 | ▲ 98.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2017 | micro format | 28-11-2018 | 2018-73100115 | |
| 31-12-2016 | micro format | 06-09-2017 | 2017-60300224 | |
| 31-12-2015 | full format | 06-04-2017 | 2017-09300372 | |
| 31-12-2014 | full format | 24-09-2015 | 2015-60700064 | |
| 31-12-2013 | full format | 01-07-2014 | 2014-25800186 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Guy Kelder Place Guy D’Arezzo 18, 1180 Bruxelles 18 |
20-09-2021 → 29-10-2024 |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2024
05-11
Bankruptcy
Bankruptcy closure (insufficient assets)
French-language Enterprise Court of Brussels · judgment of 29-10-2024
2021
24-09
Bankruptcy
Bankruptcy declared
French-language Enterprise Court of Brussels · judgment of 20-09-2021
2018
28-11
micro format · 120 days late
2017
2015
31-12
Financial
Highest result from 2013 to 2017net €24,216 ▲66.5%
The operating result of €37,348 and the net result of €24,216 are both a record.
24-09
full format · 55 days late
2014
01-07
full format · 30 days before the deadline
2012
22-11
4 publications in the Belgian Official Gazette, the last on 30-07-2020
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive
SERG - CONSTRUCT is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2017
- Last registered office
- Rue Des Anciens Etangs 40, 1190 Vorstas published on 30 July 2020
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2013