VARJAO CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for VARJAO CONSTRUCT according to publications in the Belgian State Gazette; curator: MAIA GUTMANN LE PAIGE.
Summary
The file additionally contains 1 administrative flag. The 2017 annual accounts show equity of €10,113 and a net result of €5,391.
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
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 21 June 2021
- Supervising judge
- Laurent Nys
- Official Gazette
- 28-06-2021 (pdf) ↗search the document for 2021/124440
Deadlines
- Appeal or third-party opposition until
- passed on 13 July 2021Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 21 July 2021art. XX.104 and XX.155 CEL
- First verification report
- passed on 28 July 2021Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 21 June 2022Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Maia Gutmann Le PaigeRue De La Loi 28, 1040 Bruxelles 4gutmann@lgd-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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
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.Creditor guide for this company
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Signals
Four 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 31-12-2017 was due by 31-07-2018 and was filed on 11-10-2018, 72 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 confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
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 Are there other customers at risk in your own list?List enrichment How is the Wholesale of other machinery and equipment sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2017, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5,391
2016 · -€4,024
Working capital
€8,398▲ 212%
2016 · €2,689
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
Line20132014201520162017
Operating result-€41,635--€18,660▲ 55.2%€10,959-€3,769€10,999
Net result-€41,599--€17,358▲ 58.3%€10,117-€4,024€5,391
Equity€15,987--€1,371€8,746€4,722▼ 46.0%€10,113▲ 114%
Total assets€22,445-€1,899▼ 91.5%€20,929▲ 1,002%€23,148▲ 10.6%€17,979▼ 22.3%
Debt€6,458-€3,270▼ 49.4%€12,183▲ 273%€18,426▲ 51.2%€7,866▼ 57.3%
Working capital€10,587--€502€6,882€2,689▼ 60.9%€8,398▲ 212%
Staff (FTE)1-
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2017: €10,999 after a loss of €3,769 in 2016, the highest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €17,979
Fixed assets
€1,715 ▼ 15.7%
Current assets
€16,264 ▼ 23.0%
Equity and liabilities €17,979
Equity
€10,113 ▲ 114%
Debt
€7,866 ▼ 57.3%
Debt's share of the balance-sheet total falls from 79.6% to 43.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,380▲
2016 · -€2,069
Cash flow
€7,772▲
2016 · -€2,324
Current ratio
2.07▲
2016 · 1.15
ROE
53.3%▲
2016 · -85.2%
ROA
30.0%▲
2016 · -17.4%
Debt ≤ 1 year
€7,866▼
2016 · €18,426
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,581 | €1,830 | €1,367 | €1,700 | €2,381 | ▲ 40.1% |
| Gross operating margin9900 | -€4,195 | -€2,811 | €12,376 | €242 | €15,458 | ▲ 6,292% |
| Operating profit (loss)9901 | -€41,635 | -€18,660 | €10,959 | -€3,769 | €10,999 | ▲ 392% |
| Recurring financial income75 | €330 | €12 | - | - | - | - |
| Recurring financial charges65 | €370 | €197 | €843 | €255 | €5,608 | ▲ 2,098% |
| Profit (loss) for the period before taxes9903 | -€41,675 | -€17,358 | €10,117 | -€4,024 | €5,391 | ▲ 234% |
| Income taxes67/77 | -€76 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€41,599 | -€17,358 | €10,117 | -€4,024 | €5,391 | ▲ 234% |
| Profit (loss) for the period to be appropriated9905 | -€41,599 | -€17,358 | €10,117 | -€4,024 | €5,391 | ▲ 234% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,445 | €1,899 | €20,929 | €23,148 | €17,979 | ▼ 22.3% |
| Fixed assets21/28 | €5,400 | €1,312 | €4,045 | €2,033 | €1,715 | ▼ 15.7% |
| Tangible fixed assets22/27 | €4,855 | €1,312 | €4,045 | €2,033 | €1,715 | ▼ 15.7% |
| Financial fixed assets28 | €545 | - | - | - | - | - |
| Current assets29/58 | €17,045 | €587 | €16,883 | €21,115 | €16,264 | ▼ 23.0% |
| Amounts receivable within one year40/41 | €1,997 | €446 | €14,430 | €19,177 | €11,271 | ▼ 41.2% |
| Current investments50/53 | €7,863 | €10 | €10 | - | - | - |
| Cash at bank and in hand54/58 | €7,185 | €131 | €2,344 | €1,938 | €4,630 | ▲ 139% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,445 | €1,899 | €20,929 | €23,148 | €17,979 | ▼ 22.3% |
| Equity10/15 | €15,987 | -€1,371 | €8,746 | €4,722 | €10,113 | ▲ 114% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €56,380 | €56,380 | €56,380 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€58,985 | -€76,343 | -€66,226 | -€15,729 | -€10,338 | ▲ 34.3% |
| Amounts payable17/49 | €6,458 | €3,270 | €12,183 | €18,426 | €7,866 | ▼ 57.3% |
| Amounts payable within one year42/48 | €6,458 | €1,089 | €10,002 | €18,426 | €7,866 | ▼ 57.3% |
| Trade debts44 | €4,563 | €1,089 | €3,196 | €18,145 | €7,575 | ▼ 58.3% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,599 | -€17,358 | €10,117 | -€4,024 | €5,391 | ▲ 234% |
| + Depreciation and write-downs630 | €7,581 | €1,830 | €1,367 | €1,700 | €2,381 | ▲ 40.1% |
| Operating cash flow (approximation) | -€34,018 | -€15,528 | €11,484 | -€2,324 | €7,772 | ▲ 434% |
| Investment in fixed assets (approximation) | - | €2,258 | -€4,100 | €312 | -€2,063 | ▼ 761% |
| Change in cash | - | -€7,054 | €2,213 | -€406 | €2,692 | ▲ 763% |
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
2024
22-04
Bankruptcy
Supervising judge replaced
Tribunal de l’entreprise francophone de Bruxelles · event 15-04-2024
16-02
KBO administration
Address struck
event 04-01-2024
2021
28-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 21-06-2021
2018
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 72 days late
2017
31-12
Financial
Back to profitnet €5,391
Net result €5,391 after one loss-making year.
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 395 days late
2015
31-12
Financial
Back to profitnet €10,117
Net result €10,117 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.69
Current ratio from 0.54 to 1.69.
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 25 days late
2014
21-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 21 days late
2013
21-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 21 days late
Show earlier events
2012
29-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 29 days late
2011
30-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 30 days late
2010
21-12
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 143 days late
2009
31-07
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
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.
Have them read with priority
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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
Registered office, Sint-Joost-ten-Node · 1 establishment unit since 1997
Ground area
1,312 m²
Building footprint
538 m²
Volume, LiDAR
10,542 m³
2 parcels, Brussels, Wallonia · tallest building 28.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
OXY SECOURS
since 19972.080.487.375
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53026A0387/00P000 | Wallonia | 869 m² | 1 · 144 m² | 9.2 m · 2 fl. |
| 21572B0402/00E000 | Brussels | 444 m² | 1 · 393 m² | 28.7 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MAIA GUTMANN LE PAIGE RUE DE LA LOI 28,
1040 BRUXELLES 4 |
21-06-2021 → present |
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Of 2,501 companies in sector 46649 we hold annual accounts for 1,762. 309 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 (pre-2019)
Founded10-02-1997
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
41001General construction of residential buildings
43240Other construction installation
43350Other building finishing work
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.