T.B.R. CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for T.B.R. CONSTRUCT according to publications in the Belgian State Gazette; curator: BERNARD DE MEYER.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 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 · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 25-04-2023, 268 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
268 d late
2020
89 d late
2019
139 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€521k▲ 72.9%
2020 · €302k
2018: €309k
2019: €222k
2020: €302k
2018 → 2021
EBIT margin
48.4%▲ 41.8pp
2020 · 6.5%
2018: 1.8%
2019: 5.4%
2020: 6.5%
2018 → 2021
Net result
€185k▲ 1,136%
2020 · €15k
2018: €3k
2019: €10k
2020: €15k
2018 → 2021
Working capital
€310k▲ 145%
2020 · €127k
2018: €98k
2019: €113k
2020: €127k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€309k-€222k▼ 28.0%€302k▲ 35.6%€521k▲ 72.9%
Equity€34k-€44k▲ 27.9%€59k▲ 34.3%€244k▲ 316%
Operating result€6k-€12k▲ 114%€20k▲ 65.4%€252k▲ 1,177%
Net result€3k-€10k▲ 213%€15k▲ 57.2%€185k▲ 1,136%
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2021 is 1,177% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €443k
Fixed assets
€2k ▲ 124%
Current assets
€441k ▲ 62.7%
Equity and liabilities €443k
Equity
€244k ▲ 316%
Provisions
€69k =
Debt
€131k ▼ 9.5%
Debt's share of the balance-sheet total falls from 53.0% to 29.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€253k▲
2020 · €20k
Cash flow
€186k▲
2020 · €15k
Current ratio
3.38▲
2020 · 1.88
Debt to equity
0.54
ROE
75.9%▲
2020 · 25.5%
ROA
41.7%▲
2020 · 5.5%
Interest coverage
1925.04
Debt ≤ 1 year
€131k▼
2020 · €144k
Income taxes
€67k▲
2020 · €4k
Staff costs
€1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 42 lines
Balance sheet
Code20202021
Assets
Total assets20/58€272k€443k▲
Fixed assets21/28€1k€2k▲
Tangible fixed assets22/27€1k€2k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24-€630
Current assets29/58€271k€441k▲
Amounts receivable within one year40/41€267k€432k▲
Trade receivables40-€290k
Other amounts receivable41-€141k
Cash at bank and in hand54/58€4k€5k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€272k€443k▲
Equity10/15€59k€244k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€40k€225k▲
Provisions and deferred taxes16€69k€69k=
Provisions for liabilities and charges160/5-€69k
Environmental obligations163-€69k
Amounts payable17/49€144k€131k▼
Amounts payable within one year42/48€144k€131k▼
Financial debts43-€4k
Credit institutions430/8-€4k
Trade debts44€122k€41k▼
Suppliers440/4-€41k
Taxes, remuneration and social security45-€85k
Taxes450/3-€85k
Income statement
Code20202021
Turnover70€302k€521k▲
Non-recurring operating income76A-€6k
Goods, raw materials, services and sundry goods60/61-€267k
Remuneration, social security and pensions62-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153€560▲
Other operating charges640/8-€233
Gross operating margin9900€20k€254k▲
Operating profit (loss)9901€20k€252k▲
Financial charges65/66B-€131
Recurring financial charges65€411€131▼
Profit (loss) for the period before taxes9903€19k€252k▲
Income taxes67/77€4k€67k▲
Profit (loss) for the period9904€15k€185k▲
Profit (loss) for the period to be appropriated9905€15k€185k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€225k
Profit (loss) brought forward from the previous period14P-€40k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
27-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 20-02-2024
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 268 days late
2021
31-12
Financial
Highest result since 2018net €185k ▲1,136%
Operating result €252k, net result €185k, both a record.
31-12
Financial
Equity above €200kEq €244k ▲316%
4 profitable years in a row build equity to €244k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 139 days late
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 141 days late
2018
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 144 days late
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 324 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BERNARD DE MEYER ZUIDSTATIONSTRAAT 34-36,
9000 GENT |
20-02-2024 → present |