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STENOO & CONSTRUCT

Open bankruptcy
KBO/BCE: BE 0719.672.593

A bankruptcy procedure is open for STENOO & CONSTRUCT according to publications in the Belgian Official Gazette; trustee: Anthony Van der Hauwaert.

Summary

Inactive; last annual accounts for financial year 2021.

STENOO & 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 Ghent, Ghent division
Declared bankrupt
20 June 2023
Supervising judge
Marc Rasschaert
Official Gazette
26-06-2023 (pdf) ↗search the document for 2023/125542

Deadlines

Provisional date payments stopped
20 June 2023A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 11 July 2023Fifteen 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 20 July 2023art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 5 September 2023Reclaim 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 20 June 2024A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

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

Overview

Activity
Activity not known
Size
€423,608total assets 2021
Equity
€44,373
Profit
€27,814
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
0 of 3 deeds read
Signalsraises riskOpen bankruptcyTwo or more financial years not filedneutralFiled after the deadlineShow the evidence

Signals

Three signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee.
Belgian Official Gazette
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filings
Position against the passed deadline
30-06-2022 year end31-01-2023 deadline19-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 10-02-2022, 10 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 · 2 filings
Deviation from the deadline
2022
not filed
2021
10 days late
2020
22 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 16 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningEnterprise Court of Ghent, Ghent…
  2. Annual accounts filedfinancial year 2021 · micro…
  3. Annual accounts filedfinancial year 2020 · micro…

Financials · financial year 2021, micro format

2021 annual accounts filed late (10 days) Filed on 10 February 2022, deadline 31 January 2022 (7 months after the close on 30 June 2021, Companies Code art. 3:10). Source: NBB, 2022-05300532.

Equity
€44,373▲ 116%
2020 · €20,558
Total assets
€423,608▲ 113%
2020 · €199,002
Net result
€27,814▼ 84.5%
2020 · €179,358
Working capital
€38,816▲ 262%
2020 · €10,728
Trend over the years

2020 to 2021, 2 financial years

The operating result falls in 2021; 2021 is 87% below 2020.

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

Operating result€23,360 2021 Net result€27,814 2021

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

Every figure with its change against the financial year before
favourable unfavourable
Line20202021
Operating result€178,347-€23,360▼ 86.9%
Net result€179,358-€27,814▼ 84.5%
Equity€20,558-€44,373▲ 116%
Total assets€199,002-€423,608▲ 113%
Debt€178,444-€379,235▲ 113%
Working capital€10,728-€38,816▲ 262%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €423,608
Fixed assets €5,557 ▼ 43.5%
Current assets €418,051 ▲ 121%
Equity and liabilities €423,608
Equity €44,373 ▲ 116%
Debt €379,235 ▲ 113%
Debt's share of the balance-sheet total falls from 89.7% to 89.5%. Equity and debt are higher.
Key figures and ratios
2021 value · change against 2020
EBITDA
€27,633▼
2020 · €184,756
Cash flow
€32,087▼
2020 · €185,767
Current ratio
1.10▲
2020 · 1.06
ROE
62.7%▼
2020 · 872.4%
ROA
6.6%▼
2020 · 90.1%
Debt ≤ 1 year
€379,235▲
2020 · €178,444
Income taxes
€8,106▲
2020 · €3,739
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 · 2021 against 2020 · 23 lines
Balance sheet Code20202021
Assets
Total assets20/58€199,002€423,608▲
Fixed assets21/28€9,830€5,557▼
Tangible fixed assets22/27€9,830€5,557▼
Current assets29/58€189,172€418,051▲
Amounts receivable within one year40/41€178,273€410,786▲
Cash at bank and in hand54/58€10,899€6,984▼
Equity and liabilities
Total equity and liabilities10/49€199,002€423,608▲
Equity10/15€20,558€44,373▲
Contributions10/11€6,200€6,200=
Reserves13€1,860€1,860=
Profit (loss) carried forward14€12,498€36,313▲
Amounts payable17/49€178,444€379,235▲
Amounts payable within one year42/48€178,444€379,235▲
Trade debts44€9,705€351,995▲
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,409€4,273▼
Gross operating margin9900€184,756€28,112▼
Operating profit (loss)9901€178,347€23,360▼
Recurring financial income75€4,829€13,349▲
Recurring financial charges65€79€789▲
Profit (loss) for the period before taxes9903€183,097€35,920▼
Income taxes67/77€3,739€8,106▲
Profit (loss) for the period9904€179,358€27,814▼
Profit (loss) for the period to be appropriated9905€179,358€27,814▼
Line20202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,409€4,273▼ 33.3%
Gross operating margin9900€184,756€28,112▼ 84.8%
Operating profit (loss)9901€178,347€23,360▼ 86.9%
Recurring financial income75€4,829€13,349▲ 176%
Recurring financial charges65€79€789▲ 899%
Profit (loss) for the period before taxes9903€183,097€35,920▼ 80.4%
Income taxes67/77€3,739€8,106▲ 117%
Profit (loss) for the period9904€179,358€27,814▼ 84.5%
Profit (loss) for the period to be appropriated9905€179,358€27,814▼ 84.5%
Line20202021Change
Assets
Total assets20/58€199,002€423,608▲ 113%
Fixed assets21/28€9,830€5,557▼ 43.5%
Tangible fixed assets22/27€9,830€5,557▼ 43.5%
Current assets29/58€189,172€418,051▲ 121%
Amounts receivable within one year40/41€178,273€410,786▲ 130%
Cash at bank and in hand54/58€10,899€6,984▼ 35.9%
Equity and liabilities
Total equity and liabilities10/49€199,002€423,608▲ 113%
Equity10/15€20,558€44,373▲ 116%
Contributions10/11€6,200€6,200=
Reserves13€1,860€1,860=
Profit (loss) carried forward14€12,498€36,313▲ 191%
Amounts payable17/49€178,444€379,235▲ 113%
Amounts payable within one year42/48€178,444€379,235▲ 113%
Trade debts44€9,705€351,995▲ 3,527%
Line20202021Change
Profit (loss) for the period9904€179,358€27,814▼ 84.5%
+ Depreciation and write-downs630€6,409€4,273▼ 33.3%
Operating cash flow (approximation)€185,767€32,087▼ 82.7%
Investment in fixed assets (approximation)-€0-
Change in cash--€3,915-

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 (2)
Financial year Type Filed Reference
30-06-2021 micro format 10-02-2022 2022-05300532
30-06-2020 micro format 22-02-2021 2021-05900094

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 3 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Anthony Van der Hauwaert
Bernard Spae- Laan 30, 9000 Gent
20-06-2023 → present

Owners and capital

Owners

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

History

STENOO & CONSTRUCT has filed 2 sets of annual accounts, the latest for financial year 2021.1 On 20 June 2023 the company was declared bankrupt.2

  1. 1National Bank, annual accounts 2021
  2. 2Belgian Official Gazette, 26-06-2023

Acts, filings and financial milestones

2023
26-06
Bankruptcy Opening
Enterprise Court of Ghent, Ghent division · judgment of 20-06-2023
2022
10-02
NBB filing Annual accounts filed
financial year 2021 · micro format · 10 days late
2021
22-02
NBB filing Annual accounts filed
financial year 2020 · micro format · 22 days late
SignalNBB filing
0 of 3 deeds read
About the unread acts

We know of 3 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.

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