TRI CONSTRUCT
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 20 October 2026 · trustee Wim Heethem · file a claim by 19 November 2026
How to file a claimThe procedure
- Court
- Enterprise Court of Brussels
- Supervising judge
- Bart Purnal
- Official Gazette
- 27-10-2026search the document for 2026/145264
Deadlines
- Provisional date payments stopped
- 20 October 2026A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- 11 November 2026That is fifteen 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
- 19 November 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- 25 November 2026Reclaim 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
- 20 October 2027A 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
Trustee
- Wim HeethemLouizalaan 523 (7De Verd), 1050 Brussel 5wheethem@intakt.law
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- 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.
- Reclaim goods you delivered under retention of title 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, subject to conditions.
- Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
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 09-06-2005
- Activity
- Site preparation NACE 43120and 1 other
- Establishment unit
- 2.147.947.907 1853 Grimbergen, since 09-06-2005
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2023
- Gross margin
- €21,534
- ▲ 609%
- Turnover
- ≈ €210,000
- estimated
- Loss
- €4,062
- ▲ 41.1%
- Equity
- €11,033
- ▼ 26.9%
- Total assets
- €137,974
- ▲ 48.9%
Filed on 02-03-2026
Financials
Financials · financial year 2023, micro format
2023 annual accounts filed 579 days after the deadline Filed on 2 March 2026, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2026-00048775.
Annual accounts 2023 filed on 02-03-2026 PDF all 18 filings
Turnover
≈ €210,000
Estimated: probably between €97,000 and €310,000
Total assets
€137,974▲ 48.9%
2022 · €92,651
Net result
-€4,062▼ 41.1%
2022 · -€2,880
Working capital
-€19,033▲ 36.3%
2022 · -€29,866
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is a profit of €3,345, after a loss of €2,194 in 2022.
Operating result€3,345
2023
Net result-€4,062
2023
Total assets€137,974
2023
Equity€11,033
2023
Debt€126,941
2023
Working capital-€19,033
2023
Return on assets (ROA)-2.9%
2023
Solvency8.0%
2023
Current ratio0.85
2023
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.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€3,159-€6,844▲ 117%€2,364▼ 65.5%€9,302▲ 294%-€2,194€3,345
Net result€1,019-€3,117▲ 206%€1,217within the sector's middle half▼ 61.0%€6,112within the sector's middle half▲ 402%-€2,880below the sector's middle half-€4,062below the sector's middle half▼ 41.1%
Equity€7,529-€10,646▲ 41.4%€11,862below the sector's middle half▲ 11.4%€17,975below the sector's middle half▲ 51.5%€15,095below the sector's middle half▼ 16.0%€11,033below the sector's middle half▼ 26.9%
Total assets€28,902-€40,508▲ 40.2%€28,604below the sector's middle half▼ 29.4%€65,961below the sector's middle half▲ 131%€92,651within the sector's middle half▲ 40.5%€137,974within the sector's middle half▲ 48.9%
Debt€21,373-€29,862▲ 39.7%€16,741▼ 43.9%€47,986▲ 187%€77,556▲ 61.6%€126,941▲ 63.7%
Working capital€1,331-€4,665▲ 250%€5,639within the sector's middle half▲ 20.9%€37,635within the sector's middle half▲ 567%-€29,866below the sector's middle half-€19,033below the sector's middle half▲ 36.3%
Solvency26.0%-26.3%▲ 0.2pp41.5%within the sector's middle half▲ 15.2pp27.3%within the sector's middle half▼ 14.2pp16.3%below the sector's middle half▼ 11.0pp8.0%below the sector's middle half▼ 8.3pp
Current ratio1.11-1.19▲ 0.071.34within the sector's middle half▲ 0.152.63within the sector's middle half▲ 1.290.61below the sector's middle half▼ 2.010.85below the sector's middle half▲ 0.24
Return on assets (ROA)3.5%-7.7%▲ 4.2pp4.3%within the sector's middle half▼ 3.4pp9.3%within the sector's middle half▲ 5.0pp-3.1%below the sector's middle half▼ 12.4pp-2.9%below the sector's middle half▲ 0.2pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €137,974
Fixed assets
€30,066 ▼ 33.1%
Current assets
€107,908 ▲ 126%
Equity and liabilities €137,974
Equity
€11,033 ▼ 26.9%
Debt
€126,941 ▲ 63.7%
Debt's share of the balance-sheet total rises from 83.7% to 92.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,239▲
2022 · €1,719
Cash flow
€11,833▲
2022 · €1,034
Debt to equity
11.51▲
2022 · 5.14
ROE
-36.8%▼
2022 · -19.1%
Interest coverage
3.11▼
2022 · 5.72
Debt ≤ 1 year
€126,941▲
2022 · €77,556
Income taxes
€1,219▲
2022 · €384
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €43,668 | - |
| Depreciation and write-downs of the year | €1,017 | €3,914 | €15,895 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,987 | €8,236 | €8,082 | €1,017 | €3,914 | €15,895 | ▲ 306% |
| Other operating charges640/8 | - | - | - | €2,087 | €1,319 | €2,294 | ▲ 74.0% |
| Gross operating margin9900 | €18,501 | €17,110 | €12,389 | €12,406 | €3,038 | €21,534 | ▲ 609% |
| Operating profit (loss)9901 | €3,159 | €6,844 | €2,364 | €9,302 | -€2,194 | €3,345 | - |
| Financial income75/76B | - | - | - | - | €0 | €0 | ▼ 50.0% |
| Recurring financial income75 | €0 | €14 | €401 | - | €0 | €0 | ▼ 50.0% |
| Financial charges65/66B | - | - | - | €549 | €301 | €6,187 | ▲ 21× |
| Recurring financial charges65 | €808 | €931 | €531 | €549 | €301 | €6,187 | ▲ 21× |
| Profit (loss) for the period before taxes9903 | €2,351 | €5,927 | €2,234 | €8,754 | -€2,495 | -€2,843 | ▼ 13.9% |
| Income taxes67/77 | €1,332 | €2,810 | €1,017 | €2,641 | €384 | €1,219 | ▲ 217% |
| Profit (loss) for the period9904 | €1,019 | €3,117 | €1,217 | €6,112 | -€2,880 | -€4,062 | ▼ 41.1% |
| Profit (loss) for the period to be appropriated9905 | €1,019 | €3,117 | €1,217 | €6,112 | -€2,880 | -€4,062 | ▼ 41.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €28,902 | €40,508 | €28,604 | €65,961 | €92,651 | €137,974 | ▲ 48.9% |
| Fixed assets21/28 | €15,885 | €10,707 | €6,224 | €5,207 | €44,961 | €30,066 | ▼ 33.1% |
| Tangible fixed assets22/27 | €15,655 | €10,477 | €5,644 | €4,627 | €44,381 | €29,486 | ▼ 33.6% |
| Land and buildings22 | - | - | - | €2,063 | €1,725 | €1,474 | ▼ 14.6% |
| Plant, machinery and equipment23 | - | - | - | €825 | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,738 | €42,656 | €28,012 | ▼ 34.3% |
| Financial fixed assets28 | €230 | €230 | €580 | €580 | €580 | €580 | = |
| Current assets29/58 | €13,017 | €29,801 | €22,380 | €60,755 | €47,690 | €107,908 | ▲ 126% |
| Amounts receivable within one year40/41 | €4,495 | €20,832 | €21,160 | €59,606 | €46,744 | €105,970 | ▲ 127% |
| Trade receivables40 | - | - | - | €41,345 | €20,467 | €100,368 | ▲ 390% |
| Other amounts receivable41 | - | - | - | €18,261 | €26,277 | €5,602 | ▼ 78.7% |
| Cash at bank and in hand54/58 | €7,499 | €7,769 | €1,220 | - | - | €1,938 | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,148 | €947 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €28,902 | €40,508 | €28,604 | €65,961 | €92,651 | €137,974 | ▲ 48.9% |
| Equity10/15 | €7,529 | €10,646 | €11,862 | €17,975 | €15,095 | €11,033 | ▼ 26.9% |
| Contributions10/11 | €11,750 | €11,750 | - | €11,750 | €11,750 | €11,750 | = |
| Profit (loss) carried forward14 | -€4,221 | -€1,104 | €112 | €6,225 | €3,345 | -€717 | - |
| Amounts payable17/49 | €21,373 | €29,862 | €16,741 | €47,986 | €77,556 | €126,941 | ▲ 63.7% |
| Amounts payable after more than one year17 | €9,687 | €4,687 | - | - | - | - | - |
| Amounts payable within one year42/48 | €11,686 | €25,136 | €16,741 | €23,119 | €77,556 | €126,941 | ▲ 63.7% |
| Financial debts43 | - | - | - | - | €252 | €112,999 | ▲ 448× |
| Credit institutions430/8 | - | - | - | - | €252 | - | - |
| Other loans439 | - | - | - | - | - | €112,999 | - |
| Trade debts44 | - | €17,315 | €8,216 | €16,749 | €74,267 | €13,942 | ▼ 81.2% |
| Suppliers440/4 | - | - | - | €16,749 | €74,267 | €13,942 | ▼ 81.2% |
| Taxes, remuneration and social security45 | - | - | - | €3,670 | €3,037 | - | - |
| Taxes450/3 | - | - | - | €3,670 | €3,037 | - | - |
| Other amounts payable47/48 | - | - | - | €2,700 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €24,867 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,019 | €3,117 | €1,217 | €6,112 | -€2,880 | -€4,062 | ▼ 41.1% |
| + Depreciation and write-downs630 | €12,987 | €8,236 | €8,082 | €1,017 | €3,914 | €15,895 | ▲ 306% |
| Operating cash flow (approximation) | €14,005 | €11,353 | €9,299 | €7,130 | €1,034 | €11,833 | ▲ 11× |
| Investment in fixed assets (approximation) | - | -€3,058 | -€3,599 | €0 | -€43,668 | -€999 | ▲ 97.7% |
| Change in cash | - | €270 | -€6,549 | - | - | - | - |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 02-03-2026 | 2026-00048775 | |
| 31-12-2022 | micro format | 11-12-2023 | 2023-00527312 | |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20467990 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-52400130 | |
| 31-12-2019 | micro format | 09-11-2020 | 2020-69700096 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-58100383 | |
| 31-12-2017 | micro format | 30-09-2018 | 2018-68100573 | |
| 31-12-2016 | micro format | 30-09-2017 | 2017-66400457 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-59100409 | |
| 31-12-2014 | full format | 27-08-2015 | 2015-51200244 |
Board & ownership
Directors
Directors
1 director
Rascu Liviu
Current
Director · listed in the 2023 annual accounts, filed on 02-03-2026
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Wim Heethem Louizalaan 523 (7De Verd), 1050 Brussel 5 |
20-10-2026 → present |
Owners and capital
Owners
Network & group
TRI CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of TRI CONSTRUCT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2026
27-10
Bankruptcy
Bankruptcy declared
Enterprise Court of Brussels · judgment of 20-10-2026
02-03
micro format · 579 days late
2023
31-12
Financial
Weakest financial yearnet -€4,062
The net result drops to -€4,062, the lowest from 2018 to 2023.
11-12
micro format · 133 days late
2022
17-10
micro format · 78 days late
2021
31-12
Financial
Highest result from 2018 to 2023net €6,112 ▲402%
The operating result of €9,302 and the net result of €6,112 are both a record.
24-08
micro format · 24 days late
2020
09-11
micro format · 101 days late
2019
30-08
micro format · 30 days late
2018
30-09
micro format · 61 days late
2017
30-09
micro format · 61 days late
2016
31-08
full format · 31 days late
2015
27-08
full format · 27 days late
2005
17-06
9 publications in the Belgian Official Gazette, the last on 12-03-2019
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 2023
- Legal form
- Private limited company (pre-2019)
- Active since
- 9 June 2005
Register details
Identity
Name
TRI CONSTRUCT in French
Enterprise number
0874.380.665
Entity type
Legal entity
Registered office and establishments
Registered office
Rijkendalstraat 81/001, 1853 Grimbergen, Belgium
Establishment unit
TRI CONSTRUCT, Rijkendalstraat 81, 1853 Grimbergen since 09-06-2005 · unit number 2.147.947.90733110 Repair and maintenance of fabricated metal products
Phone
0497719689Grimbergen
Activities
NACEBEL 202543120
Site preparation main activity
43990
Other specialised construction activities
Codes under NACEBEL 2008
43120
Site preparation main activity
43999
Specialised construction activities
Codes under NACEBEL 2003
45112
main activity
45250
Invoicing and payment
VAT number
BE 0874.380.665
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
141 m²
Building footprint
77 m²
Building volume
724 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23084A0399/00S007 | Flanders | 141 m² | 1 · 77 m² | 10.3 m · 3 |