Equity
-€213,537 from €111,360 in 2022
Equity fell below zero in 2024.
VALERI CONSTRUCT
Overview
Information for creditors
French-language Enterprise Court of Brussels · Official Gazette of 21-11-2025Appeal or third-party opposition 06-12-2025Filing the claim in RegSol 12-12-2025First verification report 17-12-2025Late claim until 12-11-2026
- Christophe Baudouxtrusteechristophe.baudoux@walk.law
Steps, deadlines and articles of law
The procedure
- Supervising judge
- Philippe Gusbin
- Official Gazette
- 21-11-2025search the document for 2025/148052
Deadlines
- Appeal or third-party opposition
- passed on 6 December 2025art. XX.108, Code of Economic Law
- Filing the claim in RegSol
- passed on 12 December 2025art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 17 December 2025art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- 12 November 2026A 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
- Christophe BaudouxRue De Clairvaux, 40/202, 1348 Louvain-La-Neuvechristophe.baudoux@walk.law
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- The ordinary term has passed. File a late claim in RegSol (regsol.be) until 12 November 2026, yourself with eID or itsme, or through your lawyer. It shares only in what has not yet been paid out, and you bear the costs.
- 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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Lifetime
6 annual accounts with figures on one time axispeak €75,559 (2022)
-€34,143▼ €46,520
lowest -€324,535 (2024)
-€324,535▼ €324,174
peak €111,360 (2022)
-€213,537▼ €324,535
€10,242▼ 93.9%
Board2 names since 2022
1 directorRUSU Maria
Documentsfilings and deeds
31-05-202531 days late
2024micro format
Gross margin from €12,377 to -€34,143Loss of €324,535Resignation: RUSU Maria (manager) 23-02Equity from €110,998 to -€213,537Debts from €168,118 to €10,242Cash from €11,579 to €120
Key points
from the 2024 annual accounts, the last ones filedResult
-€324,535 ▼ 89,593%
The result fell in 2024 from -€362 to -€324,535.
Liquidity
8.09 was 1.65 in 2023
Short-term debts fell from €168,118 to €10,242.
No scoreTurnover not published (micro format)
Recent changes
Supervising judge replaced
French-language Enterprise Court of Brussels · judgment of 22-06-2026 · Bankruptcy
Bankruptcy published
French-language Enterprise Court of Brussels · judgment of 12-11-2025 · Bankruptcy
Resignation: RUSU Maria (manager)
Reappointment: RUSU Maria (director) · Director discharge: RUSU Maria · General meeting of 19-12-2023 · Gazette deed
Registered office moved from Etterbeek to Ganshoren
Transfer of shares from RUSU Vitalie to RUSU Maria · New registered office: Rue Alferd Doulceron 15, 1083 GANSHOREN · Previous registered office: AVENUE JULES MALOU 8, 1040 ETTERBEEK · Gazette deed
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 12-11-2025
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.275.248.4301040 Etterbeek, since 14-03-2018
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-09-2024
- -€34,143
- €324,535▲ 897×
- -€213,537
- €82,875▼ 70.3%
- ≈ 0 FTEestimated
- Filing
- Filed on 31-05-2025
Insights on VALERI CONSTRUCT
Equity fell from €111,360 in 2022 to -€213,537 in 2024.
On 12 November 2025 the court declared VALERI CONSTRUCT bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
micro format, filed on 31-05-2025, 31 days late-€34,143
▼ €46,520
-€323,958
▼ €324,653
-€322,062
▼ €331,084
-€322,639
▼ €330,605
-257.7%
▼ 297.4 percentage points
8.09
▲ 6.44
Money flows
no detail for 2024Balance sheet
balance sheet total €82,875 on 30-09-2024What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-257.7%
Lower than 95% of 9,833 companies in 2024.
8.09
Higher than 93% of 9,553 companies in 2024.
-391.6%
Lower than 95% of 9,646 companies in 2024.
VALERI CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
82,875 | 279,116 | 196,419 | 528,564 | 287,822 | 86,053 | |
21/28 |
- | 1,896 | 10,224 | 18,552 | 24,055 | 7,658 | |
22/27 |
- | 1,896 | 10,224 | 18,552 | 24,055 | 7,658 | |
24 |
- | 1,896 | 10,224 | 18,552 | 24,055 | 7,658 | |
29/58 |
82,875 | 277,220 | 186,195 | 510,013 | 263,767 | 78,396 | |
40/41 |
82,755 | 265,641 | 161,993 | 482,834 | 216,477 | 77,262 | |
40 |
72,811 | 250,556 | 144,538 | 451,143 | 208,414 | 43,184 | |
41 |
9,944 | 15,085 | 17,454 | 31,691 | 8,062 | 34,078 | |
54/58 |
120 | 11,579 | 24,203 | 27,179 | 43,222 | 1,134 | |
490/1 |
- | - | - | - | 4,069 | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
82,875 | 279,116 | 196,419 | 528,564 | 287,822 | 86,053 | |
10/15 |
-213,537 | 110,998 | 111,360 | 60,604 | 13,343 | 8,974 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | 6,200 | 6,200 | - | - | |
100 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
11,860 | 11,860 | 11,860 | 11,860 | 1,860 | 1,860 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | - | |
130 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | |
133 |
11,860 | 11,860 | 10,000 | 10,000 | - | - | |
14 |
-231,597 | 92,938 | 93,300 | 42,544 | 5,283 | 914 | |
16 |
286,170 | - | - | - | - | - | |
160/5 |
286,170 | - | - | - | - | - | |
164/5 |
286,170 | - | - | - | - | - | |
17/49 |
10,242 | 168,118 | 85,059 | 467,960 | 274,479 | 77,079 | |
42/48 |
10,242 | 168,118 | 85,059 | 467,960 | 274,479 | 77,079 | |
44 |
10,077 | 166,167 | 85,059 | 458,514 | 268,629 | 70,250 | |
440/4 |
10,077 | 166,167 | 85,059 | 458,514 | 127,865 | 53,724 | |
441 |
- | - | - | - | 140,764 | 16,525 | |
45 |
164 | 1,951 | - | 4,446 | 5,849 | 6,829 | |
450/3 |
164 | 851 | - | 1,000 | 3,380 | 4,433 | |
454/9 |
- | 1,100 | - | 3,446 | 2,469 | 2,396 | |
47/48 |
- | - | - | 5,000 | - | - | |
| Income statement | |||||||
70 |
- | - | 715,952 | 946,061 | - | 115,911 | |
9900 |
-34,143 | 12,377 | 75,559 | 63,830 | 26,288 | 20,050 | |
60/61 |
- | - | 640,393 | 882,231 | - | 1.7m | |
62 |
258 | - | - | - | - | - | |
630 |
1,896 | 8,328 | 8,328 | 5,503 | 13,161 | 7,657 | |
635/8 |
286,170 | - | - | - | - | - | |
640/8 |
1,491 | 3,354 | 1,455 | 5,954 | 5,491 | 2,653 | |
9901 |
-323,958 | 695 | 65,776 | 52,373 | 7,635 | 9,739 | |
75/76B |
- | - | 8 | - | - | - | |
75 |
- | - | 8 | - | - | - | |
65/66B |
413 | 206 | 169 | 112 | 200 | 6,965 | |
65 |
413 | 206 | 169 | 112 | 200 | 6,965 | |
9903 |
-324,371 | 489 | 65,615 | 52,261 | 7,435 | 2,774 | |
67/77 |
164 | 851 | 16,594 | -1,735 | 3,066 | - | |
9904 |
-324,535 | -362 | 49,021 | 53,996 | 4,369 | 2,774 | |
9905 |
-324,535 | -362 | 49,021 | 53,996 | 4,369 | 2,774 | |
| Appropriation of the result | |||||||
9906 |
-231,597 | 92,938 | 93,300 | 57,544 | 5,283 | 2,774 | |
14P |
92,938 | 93,300 | 44,279 | 3,548 | - | - | |
691/2 |
- | - | - | 10,000 | - | 1,860 | |
6920 |
- | - | - | - | - | 1,860 | |
6921 |
- | - | - | 10,000 | - | - | |
694/7 |
- | - | - | 5,000 | - | - | |
695 |
- | - | - | 5,000 | - | - | |
| Document | |||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 31-05-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2024 annual accounts filed 31 days after the deadline. Filed on 31 May 2025, deadline 30 April 2025 (7 months after the close on 30 September 2024, Companies Code art. 3:10). Source: NBB, 2025-00119405.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2024 | micro format | 31-05-2025 | 2025-00119405 | |
| 30-09-2023 | micro format | 21-05-2024 | 2024-00091973 | |
| 30-09-2022 | micro format | 28-05-2023 | 2023-00100839 | |
| 30-09-2021 | micro format | 10-05-2022 | 2022-20025641 | |
| 30-09-2020 | micro format | 02-06-2021 | 2021-17800496 | |
| 30-09-2019 | micro format | 06-07-2020 | 2020-27000422 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| -322,062 | 9,022 | 74,104 | 57,876 | 20,797 | 17,397 | ||
| -322,639 | 7,966 | 57,349 | 59,499 | 17,530 | 10,432 | ||
| 0 | 0 | 0 | 0 | 29,558 | 15,315 | ||
| -11,459 | -12,624 | -2,976 | -16,044 | 42,088 | - | ||
| 72,633 | 109,102 | 101,136 | 42,053 | -10,711 | 1,317 | ||
| - | - | 9.2% | 5.5% | - | 8.4% | ||
| -257.7% | 39.8% | 56.7% | 11.5% | 4.6% | 10.4% | ||
| 8.09 | 1.65 | 2.19 | 1.09 | 0.96 | 1.02 | ||
| - | 1.51 | 0.76 | 7.72 | 20.57 | 8.59 | ||
| - | -0.3% | 44.0% | 89.1% | 32.7% | 30.9% | ||
| -391.6% | -0.1% | 25.0% | 10.2% | 1.5% | 3.2% | ||
| -779.98 | 43.88 | over 100 | over 100 | - | - | ||
| - | - | 74 days | 174 days | - | 136 days | ||
| - | - | 48 days | 190 days | - | 15 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on VALERI CONSTRUCT
The operating result for 2024 is a loss of €323,958, after a profit of €695 in 2023. It is the lowest result since 2019.
Equity is negative. Debt (€10,242) exceeds the balance-sheet total (€82,875).
Board & ownership
Curator
the curator has managed the company since 12-11-2025Last board
1 director, no change since 2024Director (not named in the articles)
appointed by deed of 09-11-2022
term without a fixed end
earlier manager, from 01-09-2022 to 23-02-2024
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 12. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”deed of 23-02-2024
Mandates through the years
2 names, the dashed line is todayRUSU Maria
Director (not named in the articles)
Director (not named in the articles)
RUSU Vitalie
Manager
Manager
BoardEarliermandate already running before its first mentionBankruptcy 12-11-2025
Mandates as a list
- RUSU Maria
- Manager, appointed by deed of 09-11-2022, until 23-02-2024
- Director (not named in the articles), from before 23-02-2024, until the bankruptcy of 12-11-2025
- RUSU Vitalie
- Manager, until 09-11-2022
Control
Capital
- Contribution
- €6,200
- Source
- 2024 annual accounts
Articles of association
deed of 23-02-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata si plusieurs, commun accord ou président tribunal entreprise statuant comme en référé requête…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of February at 19:00
Shareholders
Share transfer
deed of 09-11-2022 ↗
Network & group
No group
VALERI CONSTRUCT has no parent and no holdings in its annual accounts. RUSU Maria is the only director. VALERI CONSTRUCT shares no director with another company.
At the same address
Alfred Doulceronstraat 15, 1083 Ganshoren · 1 other company| ROSALIN CONSTRUCT
registered office since 06-01-2016 · founded in 2016 |
total assets €808,748 (2025) 0645.653.576 |
Timeline
Timeline
17 events since 2018Board
Capital
Filings
Financial
Establishments
Insolvency
Address
20182020202220242026
2026
Supervising judge replaced French-language Enterprise Court of Brussels · judgment of 22-06-2026
2025
Bankruptcy published French-language Enterprise Court of Brussels · judgment of 12-11-2025
Annual accounts 2024 filed PDFmicro format · 31 days late
2024
Weakest financial year net -€324,535 The net result drops to -€324,535, the lowest from 2019 to 2024.
Liquidity more than quadruples current ratio 8.09 The current ratio rises from 1.65 to 8.09. Short-term debt falls from €168,118 to €10,242.
Annual accounts 2023 filed PDFmicro format · 21 days late
Resignation: RUSU Maria (manager)Reappointment: RUSU Maria (director) · Director discharge: RUSU Maria · General meeting of 19-12-20237 points ▸
- General meeting, 19-12-2023
- 186 shares
- Director resignation, RUSU Maria (manager)
- Director reappointment, RUSU Maria (director (not named in the articles))
- Director discharge, RUSU Maria
- Registered office clause, Rue Alfred Doulceron 15, 1083 Ganshoren
- Power of attorney, Ludovic du BUS de WARNAFFE
- The deed holds 3 more points.
2023
Annual accounts 2022 filed PDFmicro format · 28 days late
2022
Registered office moved from Etterbeek to GanshorenTransfer of shares from RUSU Vitalie to RUSU Maria · New registered office: Rue Alferd Doulceron 15, 1083 GANSHOREN · Previous registered office: AVENUE JULES MALOU 8, 1040 ETTERBEEK5 points ▸
- Registered-office move, Rue Alferd Doulceron 15, 1083 GANSHOREN
- Director resignation, RUSU Vitalie (manager)
- Director discharge, RUSU Vitalie
- Share transfer, RUSU Vitalie → RUSU Maria
- Director appointment, RUSU Maria (manager)
- The deed holds 1 more point.
Liquidity doubles current ratio 2.19 The current ratio rises from 1.09 to 2.19. Short-term debt falls from €467,960 to €85,059.
Equity above €100,000 equity €111,360 ▲83.7% With a profit in every financial year since 2019, equity grows to €111,360.
Annual accounts 2021 filed PDFmicro format · 10 days late
2021
Highest result from 2019 to 2024 net €53,996 ▲1,136% The net result of €53,996 is the highest of those years.
Annual accounts 2020 filed PDFmicro format · 33 days late
2020
Annual accounts 2019 filed PDFmicro format · 67 days late
2018
IncorporationFounders: RUSU Vitalie and RUSU Maria · Founding capital of €18,600, 186 shares, €6,200 paid up · Appointment: RUSU Vitalie (manager) · published on 16-03-20185 points ▸
- Founder, RUSU Vitalie
- Founder, RUSU Maria
- Founding capital, €18,600, 186 shares
- Board rule, 2
- Director appointment, RUSU Vitalie (manager)
- The deed holds 5 more points.
First establishment Jules Maloulaan 8, Etterbeek
Financial 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
Identity
- Enterprise number
- 0692.537.735
- VAT number
- BE 0692.537.735
- Legal form
- Private limited company
- Status
- In bankruptcy, since 12-11-2025
- Founded
- 14-03-2018
- Financial year
- ends on 30 September
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of February at 19:00deed of 23-02-2024 (in French)
- Peppol
- Not found in the Peppol Directory
- Name
- VALERI CONSTRUCT in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 23-02-2024 (in French)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
Codes under NACEBEL 2008
41201
General construction of buildings main activity
81210
General cleaning of buildings
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L’entreprise générale du bâtiment,menuiserie,peinture,maçonnerie,électricité,travaux de toiture,pose de chapes de tout type,travaux de…”deed of 23-02-2024 (in French)
36 activities
- L’entreprise générale du bâtiment,menuiserie,peinture,maçonnerie,électricité,travaux de toiture,pose de chapes de tout type,travaux de carrelage et placement de cloisons en gyproc
- Toutes opérations se rapportant directement ou indirectement à l’entretien,la rénovation,les travaux de réparations,d’embellissements,de renouvellement et de modernisation,et la maintenance de tous les types d’ouvrages d’art,de biens immeubles,et plus généralement toutes opérations se rapportant directement ou indirectement aux secteurs des travaux publics et privés et du bâtiment
- Réalisation de décorations tant intérieures qu’extérieures
- Placement,installation et réparation de tout chauffage tant d’immeuble privé que professionnel,ainsi que les travaux de plomberie sanitaire
- Toute activité se rapportant à l'entreprise de jardins et d'une manière générale toute activité en rapport avec la jardinerie,l'agriculture et l'horticulture
- La préparation,la rédaction et la conclusion en tant que mandataire ou pour compte propre,de tous marchés de travaux publics ou privés ou de fourniture et faite toutes opérations se rattachant à ces objets
- Librairie
- Entreprise de courrier express
- Tous snacks bars,pizzeria,brasseries,salon de consommation,hôtels,restaurants,tavernes,cafés,discothèques,buffets,vestiaires pour publics,locations de places,salles d’organisation,de banquet et service traiteur
- Garage auto ainsi que la réalisation d’un commerce de voitures d’occasion y compris la location des voitures
- Entreprise de réparation de véhicules automobiles,la réparation des parties mécaniques et électriques
- D’un salon de coiffure
- Entreprise de design
- Entreprise de garde et sécurité
- Nettoyage et l’entretien d’immeubles professionnels ou privé,le nettoyage de vitres et de bureaux
- Travaux de secrétariat,de bureau et travaux administratifs
- Soutien de bureau,conseil
- Transport de marchandises et de personnes
- Le commerce au détail de véhicules automobiles pour le transport de personnes y compris les véhicules automobiles spécialisés (ambulances)
- Services ménagers dans le système des titres services
- La fabrication de meubles
- Garderie d’enfants
- L’informatique en général : l’élaboration et la conception de logiciel,la vente et l’achat de matériel informatique et de bureau,ainsi que de consommables de bureau,l’étude de projets informatiques au sens large,et tout ce qui se rapporte directement ou indirectement à l’informatique,la consultance,la formation,la commercialisation des services et de produits,la maintenance hardware et software
- Tous matériaux,marchandises,appareils et outillages nécessaires aux travaux de construction,d’entretien,de maintenance,de réparation et de renouvellement des ouvrages d’art et bâtiments
- Tous matériel électrique et électronique,sanitaire et plomberie
- Tous produits alimentaires tels que fruits,légumes,conserves,produits laitiers,produits de la mer,poissons,boucherie,articles de ménage et article cadeaux
- Vidéothèque,location de produits de divertissements,films et tous autres produits assimilés
- Tous textiles en général,vêtements divers,chaussures,cordonnerie,serrurerie,maroquinerie dans le sens le plus large
- Tous produits de l’artisanat en général,tapisserie,y compris les articles du tiers-monde,des meubles
- Tous les articles de parfumerie,de toilette,cosmétiques,produits de beauté,maquillage,ainsi que savons et détergents
- Tous les articles d’horticulture tels que fleurs,plantes,articles de jardinage,aménagement et entretien de jardins et de pépinières
- Tous livres,antiquités,brocantes,objets de décoration,machines industrielles
- Tous appareils électroménagers,tous films de bandes magnétiques,cassettes,tous articles imprimés ou enregistrés permettant leur lecture,vision ou audition
- Tous matériels de bureau et d’informatique
- Tous matériaux de bureau et de l’informatique,téléphones,gsm,fax
- Tous véhicules neufs et d’occasion,ainsi que leurs pièces détachées
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Alfred Doulceronstraat 15 registered office 1083 Ganshoren | ||
| Jules Maloulaan 8 1040 Etterbeek 43230 Insulation installation | 14-03-2018 | 2.275.248.430 |
1 former office
- Avenue Jules Malou 8, 1040 Etterbeek until the deed of 09-11-2022
Buildings and parcels at the addresses
- Ground area
- 332 m²
- Buildings
- 162 m²
- Volume, LiDAR
- 1,845 m³
- Tallest building
- 17.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21363B0424/00N005 | 172 m² | 1 · 90 m² | 17.1 m · 5 |
| 21008A0112/00L002 | 161 m² | 1 · 71 m² | 15.4 m · 4 |