SVG Construct
Open bankruptcySummary
A bankruptcy procedure is open for SVG Construct according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €224,099 and a net result of €57,964.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Hasselt division
- Declared bankrupt
- 12 February 2026
- Official Gazette
- 18-02-2026 (pdf) ↗search the document for 2026/107006
Deadlines
- Provisional date payments stopped
- 12 February 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 5 March 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 14 March 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 19 March 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 12 February 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Xavier GielenVan Dijcklaan 15, 3500 Hasseltgielen@xgfvs.be
- Frederika Van SwygenhovenVan Dijck- Laan 15, 3500 Hasseltvanswygenhoven@xgfvs.be
- Dominic GielenVan Dijcklaan 15, 3500 Hasseltdominic.gielen@xgfvs.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Insulation installation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
€224,099▲ 34.9%
2022 · €166,135
Total assets
€1.2m▲ 46.3%
2022 · €850,570
Net result
€57,964▼ 16.7%
2022 · €69,585
Working capital
€382,143▲ 178%
2022 · €137,505
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202120222023
Operating result€334,768-€128,772▼ 61.5%€119,899▼ 6.9%
Net result€276,550above the sector's middle half-€69,585within the sector's middle half▼ 74.8%€57,964within the sector's middle half▼ 16.7%
Equity€96,550below the sector's middle half-€166,135within the sector's middle half▲ 72.1%€224,099within the sector's middle half▲ 34.9%
Total assets€823,797within the sector's middle half-€850,570within the sector's middle half▲ 3.2%€1.2mwithin the sector's middle half▲ 46.3%
Debt€727,247-€684,434▼ 5.9%€1.0m▲ 49.0%
Working capital€37,169within the sector's middle half-€137,505within the sector's middle half▲ 270%€382,143within the sector's middle half▲ 178%
Solvency11.7%below the sector's middle half-19.5%below the sector's middle half▲ 7.8pp18.0%below the sector's middle half▼ 1.5pp
Current ratio1.05below the sector's middle half-1.21within the sector's middle half▲ 0.151.47within the sector's middle half▲ 0.26
Return on assets (ROA)33.6%above the sector's middle half-8.2%within the sector's middle half▼ 25.4pp4.7%within the sector's middle half▼ 3.5pp
Staff (FTE)0.5below the sector's middle half-1.9below the sector's middle half▲ 280%1.5below the sector's middle half▼ 21.1%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 7% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.2m
Fixed assets
€49,024 ▼ 1.3%
Current assets
€1.2m ▲ 49.2%
Equity and liabilities €1.2m
Equity
€224,099 ▲ 34.9%
Debt
€1.0m ▲ 49.0%
Debt's share of the balance-sheet total rises from 80.5% to 82.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€140,784▼
2022 · €147,806
Cash flow
€78,849▼
2022 · €88,620
Quick ratio
1.45▲
2022 · 1.18
Debt to equity
4.55▲
2022 · 4.12
ROE
25.9%▼
2022 · 41.9%
Interest coverage
3.67▼
2022 · 9.64
Debt ≤ 1 year
€812,870▲
2022 · €663,387
Debt > 1 year
€207,068▲
2022 · €21,047
Income taxes
€27,767▼
2022 · €28,409
Staff costs
€47,825▲
2022 · €22,251
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €11,114 | €22,251 | €47,825 | ▲ 115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,395 | €19,034 | €20,885 | ▲ 9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €41,097 | -€4,000 | - | - |
| Other operating charges640/8 | €14,349 | €18,250 | €44,973 | ▲ 146% |
| Non-recurring operating charges66A | - | - | €22,387 | - |
| Gross operating margin9900 | €418,723 | €184,307 | €255,970 | ▲ 38.9% |
| Operating profit (loss)9901 | €334,768 | €128,772 | €119,899 | ▼ 6.9% |
| Financial income75/76B | €2,690 | €7,401 | €4,240 | ▼ 42.7% |
| Recurring financial income75 | €2,690 | €7,401 | €4,240 | ▼ 42.7% |
| Financial charges65/66B | €39,608 | €38,179 | €38,409 | ▲ 0.6% |
| Recurring financial charges65 | €39,608 | €15,330 | €38,409 | ▲ 151% |
| Non-recurring financial charges66B | - | €22,849 | - | - |
| Profit (loss) for the period before taxes9903 | €297,850 | €97,994 | €85,731 | ▼ 12.5% |
| Income taxes67/77 | €21,300 | €28,409 | €27,767 | ▼ 2.3% |
| Profit (loss) for the period9904 | €276,550 | €69,585 | €57,964 | ▼ 16.7% |
| Profit (loss) for the period to be appropriated9905 | €276,550 | €69,585 | €57,964 | ▼ 16.7% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €823,797 | €850,570 | €1.2m | ▲ 46.3% |
| Fixed assets21/28 | €99,663 | €49,678 | €49,024 | ▼ 1.3% |
| Tangible fixed assets22/27 | €99,366 | €46,353 | €45,699 | ▼ 1.4% |
| Plant, machinery and equipment23 | €41,348 | €33,496 | €24,719 | ▼ 26.2% |
| Furniture and vehicles24 | €58,017 | €12,856 | €20,980 | ▲ 63.2% |
| Financial fixed assets28 | €297 | €3,325 | €3,325 | = |
| Current assets29/58 | €724,134 | €800,891 | €1.2m | ▲ 49.2% |
| Stocks and contracts in progress3 | €55,450 | €17,000 | €17,500 | ▲ 2.9% |
| Stocks30/36 | €55,450 | €17,000 | €17,500 | ▲ 2.9% |
| Amounts receivable within one year40/41 | €605,559 | €780,085 | €1.1m | ▲ 42.3% |
| Trade receivables40 | €525,770 | €569,526 | €772,945 | ▲ 35.7% |
| Other amounts receivable41 | €79,790 | €210,559 | €337,194 | ▲ 60.1% |
| Cash at bank and in hand54/58 | €61,176 | €3,807 | €67,375 | ▲ 1,670% |
| Deferred charges and accrued income490/1 | €1,950 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €823,797 | €850,570 | €1.2m | ▲ 46.3% |
| Equity10/15 | €96,550 | €166,135 | €224,099 | ▲ 34.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Outside capital11 | - | €20,000 | €20,000 | = |
| Other1109/19 | - | €20,000 | €20,000 | = |
| Reserves13 | - | - | €150,000 | - |
| Distributable reserves133 | - | - | €150,000 | - |
| Profit (loss) carried forward14 | €76,550 | €146,135 | €54,099 | ▼ 63.0% |
| Amounts payable17/49 | €727,247 | €684,434 | €1.0m | ▲ 49.0% |
| Amounts payable after more than one year17 | €32,224 | €21,047 | €207,068 | ▲ 884% |
| Financial debts170/4 | €32,224 | €21,047 | €29,869 | ▲ 41.9% |
| Other amounts payable178/9 | - | - | €177,199 | - |
| Amounts payable within one year42/48 | €686,965 | €663,387 | €812,870 | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | €10,968 | €11,177 | €11,390 | ▲ 1.9% |
| Financial debts43 | - | €125,000 | €128,137 | ▲ 2.5% |
| Credit institutions430/8 | - | €125,000 | €125,598 | ▲ 0.5% |
| Other loans439 | - | - | €2,538 | - |
| Trade debts44 | €432,489 | €199,660 | €593,401 | ▲ 197% |
| Suppliers440/4 | €432,489 | €199,660 | €593,401 | ▲ 197% |
| Taxes, remuneration and social security45 | €22,429 | €51,923 | €42,526 | ▼ 18.1% |
| Taxes450/3 | €21,300 | €49,709 | €40,533 | ▼ 18.5% |
| Remuneration and social security454/9 | €1,129 | €2,215 | €1,993 | ▼ 10.0% |
| Other amounts payable47/48 | €221,079 | €275,626 | €37,417 | ▼ 86.4% |
| Accrued charges and deferred income492/3 | €8,057 | - | - | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €276,550 | €69,585 | €57,964 | ▼ 16.7% |
| + Depreciation and write-downs630 | €17,395 | €19,034 | €20,885 | ▲ 9.7% |
| Operating cash flow (approximation) | €293,945 | €88,620 | €78,849 | ▼ 11.0% |
| Investment in fixed assets (approximation) | - | €30,950 | -€20,231 | ▼ 165% |
| Change in cash | - | -€57,369 | €63,568 | ▲ 211% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
18-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 12-02-2026
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet €57,964 ▼16.7%
Net result drops to €57,964, the lowest in the series.
31-12
Financial
Equity above €200,000Eq €224,099 ▲34.9%
3 profitable years in a row build equity to €224,099.
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 99 days late
2022
31-12
Financial
Equity above €150,000Eq €166,135 ▲72.1%
2 profitable years in a row build equity to €166,135.
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 86 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State 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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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2020
Ground area
1,389 m²
Building footprint
471 m²
Volume, LiDAR
7,569 m³
Parcel 71328D0376/00F000, Flanders · tallest building 18.3 m, ±6 floors. Linked by address, not a title deed.
39
companies at this address
See who is registered here
1 establishment unit
SVG Construct
since 20202.300.908.987
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0376/00F000 | Flanders | 1,389 m² | 1 · 471 m² | 18.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | XAVIER GIELEN Van Dijcklaan 15, 3500 HASSELT- |
12-02-2026 → present |
| Curator | FREDERIKA VAN SWYGENHOVEN VAN DIJCK-
LAAN 15, 3500 HASSELT |
12-02-2026 → present |
| Curator | DOMINIC
GIELEN VAN DIJCKLAAN 15, 3500 HASSELT- |
12-02-2026 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 6,717 EUR awarded · 6,717 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 6,717 EUR | 6,717 EUR |
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Of 4,269 companies in sector 43230 we hold annual accounts for 1,241. 961 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43230Insulation installation
25510Coating of metals
33200Installation of industrial machinery and equipment
43120Site preparation
43350Other building finishing work
46842Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0744929415
Also
9925:BE0744929415
Registered
16-03-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.