UNION CONSTRUCTIONS
Open bankruptcySummary
A bankruptcy procedure is open for UNION CONSTRUCTIONS according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €282,382 and a net result of -€122,581.
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 Leuven
- Declared bankrupt
- 26 December 2024
- Supervising judge
- Luc Nelissen
- Official Gazette
- 03-01-2025 (pdf) ↗
Curators
- Viviane MissoulKoning Albertlaan 186, 3010 Kessel-Loviviane.missoul@missoul-law.be
- Tom Van der LindenKoning Albertlaan 186, 3010 Kessel-Lotom.vanderlinden@missoul-law.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 18-12-2024, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
48 d late
2023
31 d early
2022
on the day
2021
31 d early
2020
31 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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?Address check Are there other customers at risk in your own list?Debtor check How is the Real estate agency activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€282,382▼ 30.3%
2023 · €404,963
Total assets
€730,281▼ 31.6%
2023 · €1.1m
Net result
-€122,581▼ 1,900%
2023 · -€6,128
Working capital
€125,305▲ 5.8%
2023 · €118,386
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€269,426▲ 155%€328,762▲ 22.0%€61,351▼ 81.3%€6,988▼ 88.6%-€105,144
Net result€224,298▲ 143%€264,023▲ 17.7%€36,745▼ 86.1%-€6,128-€122,581▼ 1,900%
Equity€201,846▲ 73.5%€465,869▲ 131%€486,091▲ 4.3%€404,963▼ 16.7%€282,382▼ 30.3%
Total assets€2.6m▲ 139%€1.7m▼ 33.5%€1.5m▼ 9.0%€1.1m▼ 31.1%€730,281▼ 31.6%
Debt€2.4m▲ 147%€1.2m▼ 47.5%€1.1m▼ 14.0%€662,374▼ 37.7%€447,899▼ 32.4%
Working capital€125,335▼ 19.7%€191,031▲ 52.4%€444,647▲ 133%€118,386▼ 73.4%€125,305▲ 5.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €105,144 after €6,988 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €730,281
Fixed assets
€569,451 ▼ 36.8%
Current assets
€160,830 ▼ 3.5%
Equity and liabilities €730,281
Equity
€282,382 ▼ 30.3%
Debt
€447,899 ▼ 32.4%
Debt's share of the balance-sheet total falls from 62.1% to 61.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€89,626▼
2023 · €31,910
Cash flow
-€107,062▼
2023 · €18,793
Current ratio
4.53▲
2023 · 3.45
Debt to equity
1.59▼
2023 · 1.64
ROE
-43.4%▼
2023 · -1.5%
ROA
-16.8%▼
2023 · -0.6%
Interest coverage
-5.09▼
2023 · 2.39
Debt ≤ 1 year
€35,525▼
2023 · €48,319
Debt > 1 year
€405,686▼
2023 · €611,398
Income taxes
€17
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €224 | €74,166 | ▲ 33,054% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,368 | €32,461 | €24,591 | €24,921 | €15,518 | ▼ 37.7% |
| Other operating charges640/8 | - | - | €10,497 | €4,852 | €5,441 | ▲ 12.1% |
| Non-recurring operating charges66A | - | - | €2,090 | - | - | - |
| Gross operating margin9900 | €300,109 | €380,325 | €98,529 | €36,761 | -€84,185 | ▼ 329% |
| Operating profit (loss)9901 | €269,426 | €328,762 | €61,351 | €6,988 | -€105,144 | ▼ 1,605% |
| Financial income75/76B | - | - | €99 | €255 | €189 | ▼ 25.7% |
| Recurring financial income75 | €41 | €142 | €99 | €255 | €189 | ▼ 25.7% |
| Financial charges65/66B | - | - | €17,301 | €13,371 | €17,608 | ▲ 31.7% |
| Recurring financial charges65 | €38,425 | €28,056 | €17,301 | €13,371 | €17,608 | ▲ 31.7% |
| Profit (loss) for the period before taxes9903 | €231,042 | €300,849 | €44,148 | -€6,128 | -€122,563 | ▼ 1,900% |
| Income taxes67/77 | €6,744 | €36,826 | €7,403 | - | €17 | - |
| Profit (loss) for the period9904 | €224,298 | €264,023 | €36,745 | -€6,128 | -€122,581 | ▼ 1,900% |
| Profit (loss) for the period to be appropriated9905 | €224,298 | €264,023 | €36,745 | -€6,128 | -€122,581 | ▼ 1,900% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €1.7m | €1.5m | €1.1m | €730,281 | ▼ 31.6% |
| Fixed assets21/28 | €315,962 | €903,917 | €924,786 | €900,631 | €569,451 | ▼ 36.8% |
| Tangible fixed assets22/27 | €315,962 | €903,917 | €924,786 | €900,631 | €569,451 | ▼ 36.8% |
| Land and buildings22 | - | - | €924,037 | €899,560 | €549,256 | ▼ 38.9% |
| Plant, machinery and equipment23 | - | - | €750 | €1,071 | €1,032 | ▼ 3.6% |
| Furniture and vehicles24 | - | - | - | - | €19,163 | - |
| Current assets29/58 | €2.2m | €798,284 | €625,031 | €166,705 | €160,830 | ▼ 3.5% |
| Stocks and contracts in progress3 | €2.2m | €638,075 | €588,230 | €52,000 | - | - |
| Stocks30/36 | - | - | €588,230 | €52,000 | - | - |
| Amounts receivable within one year40/41 | €8,381 | €8,828 | - | €1,544 | €26,470 | ▲ 1,614% |
| Trade receivables40 | - | - | - | €680 | €904 | ▲ 33.0% |
| Other amounts receivable41 | - | - | - | €864 | €25,566 | ▲ 2,859% |
| Cash at bank and in hand54/58 | €27,263 | €151,072 | €35,869 | €109,817 | €131,034 | ▲ 19.3% |
| Deferred charges and accrued income490/1 | - | - | €933 | €3,345 | €3,326 | ▼ 0.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €1.7m | €1.5m | €1.1m | €730,281 | ▼ 31.6% |
| Equity10/15 | €201,846 | €465,869 | €486,091 | €404,963 | €282,382 | ▼ 30.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | - | €20,000 | €20,000 | €20,000 | = |
| Issued capital100 | - | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €2,000 | = |
| Legal reserve130 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €179,846 | €443,869 | €464,091 | €382,963 | €260,382 | ▼ 32.0% |
| Amounts payable17/49 | €2.4m | €1.2m | €1.1m | €662,374 | €447,899 | ▼ 32.4% |
| Amounts payable after more than one year17 | €225,018 | €597,030 | €881,469 | €611,398 | €405,686 | ▼ 33.6% |
| Financial debts170/4 | - | - | €881,469 | €611,398 | €405,543 | ▼ 33.7% |
| Other amounts payable178/9 | - | - | - | - | €143 | - |
| Amounts payable within one year42/48 | €2.1m | €607,254 | €180,385 | €48,319 | €35,525 | ▼ 26.5% |
| Current portion of amounts payable after more than one year42 | - | - | €22,470 | €47,889 | €33,617 | ▼ 29.8% |
| Trade debts44 | €8,261 | - | €2,232 | €431 | €1,908 | ▲ 343% |
| Suppliers440/4 | - | - | €2,232 | €431 | €1,908 | ▲ 343% |
| Taxes, remuneration and social security45 | - | - | €9,659 | - | - | - |
| Taxes450/3 | - | - | €9,659 | - | - | - |
| Other amounts payable47/48 | - | - | €146,024 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €1,873 | €2,657 | €6,688 | ▲ 152% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €224,298 | €264,023 | €36,745 | -€6,128 | -€122,581 | ▼ 1,900% |
| + Depreciation and write-downs630 | €18,368 | €32,461 | €24,591 | €24,921 | €15,518 | ▼ 37.7% |
| Operating cash flow (approximation) | €242,665 | €296,483 | €61,336 | €18,793 | -€107,062 | ▼ 670% |
| Investment in fixed assets (approximation) | - | -€620,416 | -€45,460 | -€766 | €315,662 | ▲ 41,320% |
| Change in cash | - | €123,809 | -€115,203 | €73,948 | €21,218 | ▼ 71.3% |
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
2025
03-01
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 26-12-2024
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 48 days late
31-03
Financial
Weakest financial yearnet -€122,581
Net result drops to -€122,581, the lowest in the series.
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Liquidity triplescurrent ratio 3.46
Current ratio from 1.31 to 3.46; short-term debt falls from €607,254 to €180,385.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €264,023 ▲17.7%
Operating result €328,762, net result €264,023, both a record.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Equity above €200,000Eq €201,846 ▲73.5%
2 profitable years in a row build equity to €201,846.
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
11-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Leuven · 1 establishment unit since 2006
Ground area
1,298 m²
Building footprint
91 m²
Volume, LiDAR
3 m³
Parcel 24434F0052/00E006, Flanders · tallest building 2.6 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Union Constructions
since 20062.151.762.084
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24434F0052/00E006 | Flanders | 1,298 m² | 1 · 91 m² | 2.6 m |
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | VIVIANE MISSOUL KONING ALBERTLAAN 186,
3010 KESSEL-LO |
26-12-2024 → present |
| Curator | TOM VAN DER
LINDEN KONING ALBERTLAAN 186, 3010 KESSEL-LO- |
26-12-2024 → present |
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 5,002 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
Founded26-01-2006
Fiscal year end31-03
Activities, NACEBEL 2025
68310Real estate agency activities
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43332Laying of wooden floor and wall coverings
Scores and ratios are computed by Checked and are not a credit decision.