SOGEPAR CONSTRUCT
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 30 October 2017 · trustees Bodeus Alain and Renaud Jean-Philippe · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Commercial Court of Liège, Liège division
- Official Gazette
- 22-11-2017search the document for 2017/145345
Deadlines
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 29 November 2017art. XX.104 and XX.155, Code of Economic Law
- Appeal or third-party opposition until
- passed on 7 December 2017That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- First verification report
- passed on 14 December 2017Reclaim 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 30 October 2018A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustees
- Bodeus AlainRue Du Limbourg 50, 4000 Liege 1
- Renaud Jean-PhilippeQuai Des Ardennes 65, 4020 Liege 2
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol. The trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
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.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 08-11-1990
- Activity
- Other building finishing work NACE 43350
- Establishment unit
- 2.051.129.336 4041 Herstal, since 18-01-1991
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2015
- Turnover
- €17.9m
- ▼ 11.1%
- Loss
- €6,519
- Equity
- €1.9m
- ▼ 0.7%
- Total assets
- €11.8m
- ▲ 17.0%
- Staff
- 54.4 FTE
- ▼ 11.5%
Financials
Financials · financial year 2015, full format
Annual accounts 2015 filed on 31-05-2016 PDF all 25 filings
Turnover
€17.9m▼ 11.1%
2014 · €20.1m
EBIT margin
0.9%▼ 0.8pp
2014 · 1.7%
Net result
-€6,519
2014 · €96,965
Working capital
€559,691▼ 37.7%
2014 · €898,694
Trend over the years
2011 to 2015, 5 financial years 2011 to 2015, 5 financial years
The operating result for 2015 is 54% lower than in 2014.
Turnover€17.9m
2015
Operating result€0.2m
2015
Net result-€0.007m
2015
Total assets€11.8m
2015
Equity€1.9m
2015
Debt€9.8m
2015
Working capital€0.6m
2015
EBIT margin0.9%
2015
Staff (FTE)54.4
2015
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Turnover€19.6m€21.7m▲ 10.9%€20.1m▼ 7.4%€17.9m▼ 11.1%
Operating result€0.3m-€0.2m▼ 37.2%€0.06m▼ 73.0%€0.3m▲ 512%€0.2m▼ 53.6%
Net result€0.2m-€0.2m▼ 11.8%-€0.08m€0.1m-€0.007m
EBIT margin1.1%0.3%▼ 0.8pp1.7%▲ 1.5pp0.9%▼ 0.8pp
Equity€1.8m-€1.9m▲ 9.5%€1.8m▼ 6.4%€1.9m▲ 3.1%€1.9m▼ 0.7%
Total assets€8.7m-€8.9m▲ 2.3%€11.2m▲ 26.5%€10.0m▼ 10.5%€11.8m▲ 17.0%
Debt€6.8m-€6.8m▲ 0.5%€9.3m▲ 36.2%€8.1m▼ 13.1%€9.8m▲ 21.2%
Working capital€1.6m-€1.4m▼ 15.6%€1.0m▼ 29.0%€0.9m▼ 7.5%€0.6m▼ 37.7%
Staff (FTE)47.1-61.3▲ 30.1%62.2▲ 1.5%61.5▼ 1.1%54.4▼ 11.5%
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €11.8m
Fixed assets
€2.5m ▲ 7.2%
Current assets
€9.2m ▲ 19.9%
Equity and liabilities €11.8m
Equity
€1.9m ▼ 0.7%
Provisions
€65,160 ▼ 7.5%
Debt
€9.8m ▲ 21.2%
Debt's share of the balance-sheet total rises from 80.7% to 83.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€483,610▼
2014 · €675,830
Cash flow
€317,556▼
2014 · €428,610
Current ratio
1.06▼
2014 · 1.13
Quick ratio
1.04▼
2014 · 1.10
Debt to equity
0.61▼
2014 · 0.69
ROE
-0.4%▼
2014 · 5.2%
ROA
-0.1%▼
2014 · 1.0%
Interest coverage
3.42▼
2014 · 5.20
Debt ≤ 1 year
€8.7m▲
2014 · €6.8m
Debt > 1 year
€1.1m▼
2014 · €1.3m
Income taxes
€37,806▼
2014 · €95,810
Customer credit
144 days▲
2014 · 130 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €19.6m | €21.7m | €20.1m | €17.9m | ▼ 11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 2.3% |
| Gross operating margin9900 | €2.6m | - | - | - | - | - |
| Operating profit (loss)9901 | €0.3m | €0.2m | €0.06m | €0.3m | €0.2m | ▼ 53.6% |
| Recurring financial income75 | €0.1m | €0.1m | €0.06m | €0.03m | €0.05m | ▲ 63.7% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 2.4% |
| Debt charges650 | - | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 8.9% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.3m | -€0.08m | €0.2m | €0.03m | ▼ 86.1% |
| Income taxes67/77 | €0.2m | €0.1m | €0.001m | €0.1m | €0.04m | ▼ 60.5% |
| Profit (loss) for the period9904 | €0.2m | €0.2m | -€0.08m | €0.1m | -€0.007m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.2m | -€0.07m | €0.1m | €0.004m | ▼ 96.6% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.7m | €8.9m | €11.2m | €10.0m | €11.8m | ▲ 17.0% |
| Fixed assets21/28 | €1.9m | €2.2m | €2.5m | €2.3m | €2.5m | ▲ 7.2% |
| Intangible fixed assets21 | €0.003m | €0.003m | €0.005m | €0.002m | €0.001m | ▼ 58.7% |
| Tangible fixed assets22/27 | €1.7m | €1.9m | €2.2m | €1.9m | €2.0m | ▲ 1.6% |
| Financial fixed assets28 | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | ▲ 34.3% |
| Current assets29/58 | €6.8m | €6.7m | €8.7m | €7.7m | €9.2m | ▲ 19.9% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.9% |
| Amounts receivable within one year40/41 | €5.4m | €6.1m | €7.6m | €7.2m | €7.0m | ▼ 2.1% |
| Cash at bank and in hand54/58 | €0.8m | €0.2m | €0.8m | €0.2m | €1.8m | ▲ 790% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.7m | €8.9m | €11.2m | €10.0m | €11.8m | ▲ 17.0% |
| Equity10/15 | €1.8m | €1.9m | €1.8m | €1.9m | €1.9m | ▼ 0.7% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 4.2% |
| Profit (loss) carried forward14 | €0.9m | €1.0m | €0.9m | €1.0m | €1.0m | ▲ 0.4% |
| Provisions and deferred taxes16 | €0.09m | €0.08m | €0.08m | €0.07m | €0.07m | ▼ 7.5% |
| Amounts payable17/49 | €6.8m | €6.8m | €9.3m | €8.1m | €9.8m | ▲ 21.2% |
| Amounts payable after more than one year17 | €1.7m | €1.5m | €1.6m | €1.3m | €1.1m | ▼ 11.9% |
| Amounts payable within one year42/48 | €5.1m | €5.3m | €7.7m | €6.8m | €8.7m | ▲ 27.5% |
| Trade debts44 | €4.3m | €4.2m | €6.3m | €5.2m | €5.9m | ▲ 14.9% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.2m | -€0.08m | €0.1m | -€0.007m | - |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 2.3% |
| Operating cash flow (approximation) | €0.5m | €0.5m | €0.2m | €0.4m | €0.3m | ▼ 25.9% |
| Investment in fixed assets (approximation) | - | -€0.5m | -€0.7m | -€0.2m | -€0.5m | ▼ 217% |
| Change in cash | - | -€0.6m | €0.7m | -€0.6m | €1.6m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2015 | full format | 31-05-2016 | 2016-14600129 | |
| 31-12-2014 | full format | 08-07-2015 | 2015-28600206 | |
| 31-12-2013 | full format | 13-05-2014 | 2014-11900584 | |
| 31-12-2012 | full format | 07-05-2013 | 2013-11200374 | |
| 31-12-2011 | full format | 23-05-2012 | 2012-12100543 | |
| 31-12-2010 | full format | 16-06-2011 | 2011-16800444 | |
| 31-12-2009 | full format | 16-04-2010 | 2010-09300003 | |
| 31-12-2008 | full format | 15-05-2009 | 2009-14900291 | |
| 31-12-2007 | full format | 21-04-2008 | 2008-11000138 | |
| 31-12-2006 | full format | 07-06-2007 | 2007-19500276 |
Board & ownership
Directors
Directors
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Bodeus Alain Rue Du Limbourg 50, 4000 Liege 1 |
30-10-2017 → present |
| Trustee | Renaud Jean-Philippe Quai Des Ardennes 65, 4020 Liege 2 |
30-10-2017 → present |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2017
22-11
Bankruptcy
Bankruptcy declared
Commercial Court of Liège, Liège division · judgment of 30-10-2017
17-11
Bankruptcy
Bankruptcy declared
Commercial Court of Liège, Liège division · judgment of 30-10-2017
2016
31-05
full format · 61 days before the deadline
2015
08-07
full format · 23 days before the deadline
2014
31-12
Financial
Back to profitnet €96,965
The net result is €96,965, after one loss-making year.
13-05
full format · 79 days before the deadline
2013
31-12
Financial
Weakest financial yearnet -€78,742
The net result drops to -€78,742, the lowest from 2011 to 2015.
07-05
full format · 85 days before the deadline
2012
23-05
full format · 69 days before the deadline
2011
16-06
full format · 45 days before the deadline
2010
16-04
full format · 106 days before the deadline
2009
15-05
full format · 77 days before the deadline
Show earlier events
2008
21-04
full format · 101 days before the deadline
2007
07-06
full format · 54 days before the deadline
1990
24-11
Gazette deed
Incorporation
28 publications in the Belgian Official Gazette, the last on 22-11-2017
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
Opening faillissement
- Last annual accounts
- financial year to 31 December 2015
- Legal form
- Public limited company
- Active since
- 8 November 1990
Register details
Identity
Name
SOGEPAR CONSTRUCT in French
Enterprise number
0441.894.584
Entity type
Legal entity
Registered office and establishments
Registered office
Rue Bon Espoir 17, 4041 Herstal, Belgium
Establishment unit
Rue Bon Espoir 17, 4041 Herstal since 18-01-1991 · unit number 2.051.129.336
Activities
NACEBEL 202543350
Other building finishing work main activity
Codes under NACEBEL 2008
43390
Specialised construction activities main activity
Invoicing and payment
VAT number
BE 0441.894.584
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
5,288 m²
Building footprint
2,072 m²
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62071B0791/00Z004 | Wallonia | 5,288 m² | 1 · 2,072 m² | - |