Urban Projects Construct
Open bankruptcyFrom the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette
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 Antwerp, Hasselt division
- Declared bankrupt
- 10 August 2022
- Supervising judge
- Christophe Wels
- Official Gazette
- 18-08-2022 (pdf) ↗search the document for 2022/129870
Deadlines
- Provisional date payments stopped
- 10 August 2022A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 2 September 2022Fifteen 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 9 September 2022art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 21 September 2022Reclaim 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 10 August 2023A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustees
- Johan DehaeseLuikersteenweg 187, 3500 Hasseltjohandehaese@dehaese.be
- Lieve DehaeseLuikersteenweg 187, 3500 Hasseltlievedehaese@dehaese.be
- Jessie DeckmynLuikersteenweg 187, 3500 Hasseltjessiedeckmyn@dehaese.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- 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
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Overview
Official details
KBO- Status
- Active since 21-12-2013 Open bankruptcy
- Legal form
- Private limited company (pre-2019)
- Activity
- General construction of residential buildings NACE 41001and 3 others
- Establishment unit
- 2.225.439.524 since 01-01-2014
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
How it is doing
Open bankruptcy: no score
Annual accounts 2017
- Gross margin
- €10,780
- ▼ 1.4%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €1,055
- ▼ 15.9%
- Equity
- €84,202
- ▲ 1.3%
- Total assets
- €315,761
- ▲ 63.5%
Filed on 27-09-2018PDF
Signalsraises riskOpen bankruptcy2017 accounts filed 58 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · 2017 accounts filed 58 days late
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 27-09-2018, 58 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 · 4 filingsDeviation from the deadline
2018
not filed
2017
58 days late
2016
2 days late
2015
61 days late
2014
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 20 days after the deadline; the sector median (NACE 41) for financial year 2018 is 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (1)
Financials · financial year 2017, micro format
2017 annual accounts filed late (58 days) Filed on 27 September 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-64900318.
Latest annual accounts filed
Annual accounts 2017
- Financial year ended
- 31-12-2017
- Filed on
- 27-09-2018
- Format
- micro format
- Reference
- 2018-64900318
Turnover
≈ €130,000
Estimated: probably between €67,000 and €230,000
Total assets
€315,761▲ 63.5%
2016 · €193,120
Net result
€1,055▼ 15.9%
2016 · €1,255
Working capital
€77,147▼ 5.7%
2016 · €81,771
Trend over the years
2014 to 2017, 4 financial years
The operating result falls in 2017; 2017 is 18% below 2016.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€7,698
2017
Net result€1,055
2017
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€315,761
2017
Equity€84,202
2017
Debt€231,560
2017
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€77,147
2017
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2014201520162017
Operating result€328-€3,205▲ 878%€9,423▲ 194%€7,698▼ 18.3%
Net result-€664-€556€1,255▲ 126%€1,055▼ 15.9%
Equity€9,336-€9,892▲ 6.0%€83,147▲ 741%€84,202▲ 1.3%
Total assets€99,276-€123,756▲ 24.7%€193,120▲ 56.0%€315,761▲ 63.5%
Debt€89,939-€113,864▲ 26.6%€109,973▼ 3.4%€231,560▲ 111%
Working capital€11,281-€7,718▼ 31.6%€81,771▲ 960%€77,147▼ 5.7%
Staff (FTE)0.8-
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €315,761
Fixed assets
€7,055 ▲ 413%
Current assets
€308,707 ▲ 61.0%
Equity and liabilities €315,761
Equity
€84,202 ▲ 1.3%
Debt
€231,560 ▲ 111%
Debt's share of the balance-sheet total rises from 56.9% to 73.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8,241▼
2016 · €10,222
Cash flow
€1,598▼
2016 · €2,053
Current ratio
1.33▼
2016 · 1.74
ROE
1.3%▼
2016 · 1.5%
ROA
0.3%▼
2016 · 0.6%
Debt ≤ 1 year
€231,560▲
2016 · €109,973
Income taxes
€672
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €798 | €798 | €798 | €543 | ▼ 32.0% |
| Gross operating margin9900 | €25,135 | €21,922 | €10,930 | €10,780 | ▼ 1.4% |
| Operating profit (loss)9901 | €328 | €3,205 | €9,423 | €7,698 | ▼ 18.3% |
| Recurring financial income75 | €181 | €827 | €1,130 | €51 | ▼ 95.5% |
| Recurring financial charges65 | €1,172 | €3,475 | €9,299 | €6,022 | ▼ 35.2% |
| Profit (loss) for the period before taxes9903 | -€664 | €556 | €1,255 | €1,727 | ▲ 37.7% |
| Income taxes67/77 | - | - | - | €672 | - |
| Profit (loss) for the period9904 | -€664 | €556 | €1,255 | €1,055 | ▼ 15.9% |
| Profit (loss) for the period to be appropriated9905 | -€664 | €556 | €1,255 | €1,055 | ▼ 15.9% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €99,276 | €123,756 | €193,120 | €315,761 | ▲ 63.5% |
| Fixed assets21/28 | €2,973 | €2,175 | €1,376 | €7,055 | ▲ 413% |
| Tangible fixed assets22/27 | €2,563 | €1,765 | €966 | €423 | ▼ 56.2% |
| Financial fixed assets28 | €410 | €410 | €410 | €6,632 | ▲ 16× |
| Current assets29/58 | €96,302 | €121,581 | €191,743 | €308,707 | ▲ 61.0% |
| Amounts receivable within one year40/41 | €85,702 | €93,236 | €160,277 | €270,474 | ▲ 68.8% |
| Cash at bank and in hand54/58 | €10,452 | €8 | €91 | €1,835 | ▲ 20× |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €99,276 | €123,756 | €193,120 | €315,761 | ▲ 63.5% |
| Equity10/15 | €9,336 | €9,892 | €83,147 | €84,202 | ▲ 1.3% |
| Contributions10/11 | €10,000 | €10,000 | €82,000 | €82,000 | = |
| Reserves13 | - | - | €1,147 | €2,202 | ▲ 92.0% |
| Profit (loss) carried forward14 | -€664 | -€108 | - | - | - |
| Amounts payable17/49 | €89,939 | €113,864 | €109,973 | €231,560 | ▲ 111% |
| Amounts payable within one year42/48 | €85,021 | €113,864 | €109,973 | €231,560 | ▲ 111% |
| Trade debts44 | €27,533 | €29,982 | €79,015 | €147,683 | ▲ 86.9% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€664 | €556 | €1,255 | €1,055 | ▼ 15.9% |
| + Depreciation and write-downs630 | €798 | €798 | €798 | €543 | ▼ 32.0% |
| Operating cash flow (approximation) | €135 | €1,355 | €2,053 | €1,598 | ▼ 22.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€6,222 | - |
| Change in cash | - | -€10,444 | €83 | €1,745 | ▲ 21× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
Similar companies · same sector, comparable size
SL TOTAL
BE 0765.828.757
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BOUWWERKEN BLENDEMAN
BE 0648.948.311
Lennik · equity €84,196
AMARANTE
BE 0841.469.852
Braine-le-Château · equity €84,207
PITON CONSTRUCT
BE 0721.589.433
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BOUWWERKEN JORDENS
BE 0475.252.983
Beringen · equity €84,213
Of the 29,223 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,407. 13,449 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Johan Dehaese Luikersteenweg 187, 3500 Hasselt |
10-08-2022 → present |
| Trustee | Lieve Dehaese Luikersteenweg 187, 3500 Hasselt |
10-08-2022 → present |
| Trustee | Jessie Deckmyn Luikersteenweg 187, 3500 Hasselt |
10-08-2022 → present |
Owners and capital
Owners
History
Acts, filings and financial milestones
2022
18-08
Bankruptcy
Opening
Enterprise Court of Antwerp, Hasselt division · judgment of 10-08-2022
2020
19-11
Judicial reorganisation
Plan homologation
Enterprise Court of Antwerp · judgment of 16-11-2020
09-10
Judicial reorganisation
Extension
Enterprise Court of Antwerp, Hasselt division · collective agreement · judgment of 05-10-2020
22-04
Judicial reorganisation
Extension
Enterprise Court of Antwerp, Hasselt division · collective agreement · judgment of 16-04-2020
2019
20-12
Judicial reorganisation
Opening
Enterprise Court of Antwerp · collective agreement · judgment of 16-12-2019
2018
27-09
financial year 2017 · micro format · 58 days late
2017
02-08
financial year 2016 · micro format · 2 days late
2016
31-12
Financial
Highest result from 2014 to 2017net €1,255 ▲126%
Operating result €9,423, net result €1,255, both a record.
30-09
financial year 2015 · abbreviated format · 61 days late
2015
31-12
Financial
Back to profitnet €556
Net result €556 after one loss-making year.
19-06
financial year 2014 · abbreviated format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Opening faillissement
Urban Projects Construct is in the KBO register with the legal situation: opening faillissement.
- Legal situation
- Opening faillissement
- Last annual accounts
- financial year to 31 December 2017
- Legal form
- Private limited company (pre-2019)
- Active since
- 21 December 2013
Register details
Who it is
Name
Urban Projects Construct in Dutch
Enterprise number
0543.519.902
Type
Legal entity
Where it is based
Registered office
Belgium
Establishments
1 establishment unit since 2014
What it does
NACEBEL 202541001
General construction of residential buildings main activity
42110
Construction of roads and motorways
43320
Joinery installation
43422
Screed work
Invoicing and payment
VAT number
BE 0543.519.902
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Registered office and establishments
1 establishment unit
Urban Projects Construct / UP Construct
since 2014unit no. 2.225.439.524
Buildings and parcels at the address
Ground area
1,718 m²
Building footprint
224 m²
Building volume
2,611 m³
Parcel 71328D0198/00L000, Flanders · tallest building 17.5 m.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71328D0198/00L000 | Flanders | 1,718 m² | 1 · 224 m² | 17.5 m · 4 |