VERY CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for VERY CONSTRUCT according to publications in the Belgian State Gazette; curator: ELKE VAN WEERDT.
Summary
The 2023 annual accounts show equity of €16k and a net result of €-70k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 23-07-2024, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
8 d early
2022
6 d early
2021
2 d late
2020
47 d late
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€16k▼ 81.2%
2022 · €86k
2018: €744
2019: €-4k▼ -679% vs 2018lowest in 6 years
2020: €42k▲ +1075% vs 2019
2021: €39k▼ -5.9% vs 2020
2022: €86k▲ +118% vs 2021highest in 6 years
2023: €16k▼ -81.2% vs 2022
2018 → 2023
Total assets
€283k▼ 26.6%
2022 · €385k
2018: €186k
2019: €138k▼ -26.0% vs 2018lowest in 6 years
2020: €253k▲ +83.9% vs 2019
2021: €339k▲ +33.9% vs 2020
2022: €385k▲ +13.5% vs 2021highest in 6 years
2023: €283k▼ -26.6% vs 2022
2018 → 2023
Net result
€-70k
2022 · €46k
2018: €-7k
2019: €-5k▲ +32.1% vs 2018
2020: €46k▲ +1016% vs 2019
2021: €-2k▼ -105% vs 2020
2022: €46k▲ +1970% vs 2021highest in 6 years
2023: €-70k▼ -250% vs 2022lowest in 6 years
2018 → 2023
Working capital
€10k▼ 85.5%
2022 · €72k
2018: €-23k
2019: €-55k▼ -139% vs 2018lowest in 6 years
2020: €7k▲ +112% vs 2019
2021: €16k▲ +138% vs 2020
2022: €72k▲ +356% vs 2021highest in 6 years
2023: €10k▼ -85.5% vs 2022
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-4k-€42k€39k▼ 5.9%€86k▲ 118%€16k▼ 81.2%
2019: €-4klowest in 5 years
2020: €42k▲ +1075% vs 2019
2021: €39k▼ -5.9% vs 2020
2022: €86k▲ +118% vs 2021highest in 5 years
2023: €16k▼ -81.2% vs 2022
Operating result€28k-€65k▲ 134%€31k▼ 52.6%€119k▲ 289%€-18k
2019: €28k
2020: €65k▲ +134% vs 2019
2021: €31k▼ -52.6% vs 2020
2022: €119k▲ +289% vs 2021highest in 5 years
2023: €-18k▼ -115% vs 2022lowest in 5 years
Net result€-5k-€46k€-2k€46k€-70k
2019: €-5k
2020: €46k▲ +1016% vs 2019
2021: €-2k▼ -105% vs 2020
2022: €46k▲ +1970% vs 2021highest in 5 years
2023: €-70k▼ -250% vs 2022lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €18k after €119k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €283k
Fixed assets
€6k ▼ 59.1%
Current assets
€277k ▼ 25.4%
Equity and liabilities €283k
Equity
€16k ▼ 81.2%
Debt
€266k ▼ 10.9%
Debt's share of the balance-sheet total rises from 77.7% to 94.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-18k▼
2022 · €129k
Cash flow
€-69k▼
2022 · €56k
Current ratio
1.04▼
2022 · 1.24
Debt to equity
16.46▲
2022 · 3.48
ROE
-430.9%▼
2022 · 54.0%
ROA
-24.7%▼
2022 · 12.1%
Interest coverage
-0.88▼
2022 · 6.67
Debt ≤ 1 year
€266k▼
2022 · €299k
Income taxes
€47k▼
2022 · €72k
Staff costs
€2k▼
2022 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 43 lines
Balance sheet
Code20222023
Assets
Total assets20/58€385k€283k▼
Fixed assets21/28€14k€6k▼
Tangible fixed assets22/27€8k-
Furniture and vehicles24€8k-
Financial fixed assets28€6k€6k=
Current assets29/58€371k€277k▼
Amounts receivable within one year40/41€370k€277k▼
Trade receivables40€39k€27k▼
Other amounts receivable41€331k€250k▼
Cash at bank and in hand54/58€80€0▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€385k€283k▼
Equity10/15€86k€16k▼
Contributions10/11€6k€6k=
Reserves13€79k€10k▼
Distributable reserves133€79k€10k▼
Profit (loss) carried forward14€302€81▼
Amounts payable17/49€299k€266k▼
Amounts payable within one year42/48€299k€266k▼
Trade debts44€186k€188k▲
Suppliers440/4€186k€188k▲
Taxes, remuneration and social security45€113k€77k▼
Taxes450/3€113k€77k▼
Remuneration and social security454/9€568-
Other amounts payable47/48-€1k
Income statement
Code20222023
Remuneration, social security and pensions62€19k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€289▼
Other operating charges640/8€24k€4k▼
Gross operating margin9900€172k€-11k▼
Operating profit (loss)9901€119k€-18k▼
Financial income75/76B€18k€15k▼
Recurring financial income75€18k€15k▼
Financial charges65/66B€19k€20k▲
Recurring financial charges65€19k€20k▲
Profit (loss) for the period before taxes9903€118k€-23k▼
Income taxes67/77€72k€47k▼
Profit (loss) for the period9904€46k€-70k▼
Profit (loss) for the period to be appropriated9905€46k€-70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€47k€-69k▼
Profit (loss) brought forward from the previous period14P€428€302▼
Transfer from equity791/2-€70k
Transfer to equity691/2€47k-
To other reserves6921€47k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €18k | €19k | €2k | ▼ 88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €15k | €15k | €10k | €289 | ▼ 97.0% |
| Other operating charges640/8 | - | - | €13k | €24k | €4k | ▼ 82.1% |
| Gross operating margin9900 | €89k | €111k | €77k | €172k | €-11k | ▼ 106% |
| Operating profit (loss)9901 | €28k | €65k | €31k | €119k | €-18k | ▼ 115% |
| Financial income75/76B | - | - | €14k | €18k | €15k | ▼ 18.3% |
| Recurring financial income75 | €3k | €8k | €14k | €18k | €15k | ▼ 18.3% |
| Financial charges65/66B | - | - | €29k | €19k | €20k | ▲ 3.3% |
| Recurring financial charges65 | €18k | €1k | €29k | €19k | €20k | ▲ 3.3% |
| Profit (loss) for the period before taxes9903 | €13k | €71k | €17k | €118k | €-23k | ▼ 120% |
| Income taxes67/77 | €18k | €25k | €19k | €72k | €47k | ▼ 34.9% |
| Profit (loss) for the period9904 | €-5k | €46k | €-2k | €46k | €-70k | ▼ 250% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €46k | €-2k | €46k | €-70k | ▼ 250% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138k | €253k | €339k | €385k | €283k | ▼ 26.6% |
| Fixed assets21/28 | €51k | €36k | €24k | €14k | €6k | ▼ 59.1% |
| Tangible fixed assets22/27 | €48k | €33k | €18k | €8k | - | - |
| Plant, machinery and equipment23 | - | - | €960 | - | - | - |
| Furniture and vehicles24 | - | - | €17k | €8k | - | - |
| Financial fixed assets28 | €3k | €3k | €6k | €6k | €6k | = |
| Current assets29/58 | €87k | €218k | €315k | €371k | €277k | ▼ 25.4% |
| Amounts receivable within one year40/41 | €70k | €217k | €302k | €370k | €277k | ▼ 25.2% |
| Trade receivables40 | - | - | €7k | €39k | €27k | ▼ 30.8% |
| Other amounts receivable41 | - | - | €295k | €331k | €250k | ▼ 24.5% |
| Cash at bank and in hand54/58 | €17k | €461 | €14k | €80 | €0 | ▼ 99.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138k | €253k | €339k | €385k | €283k | ▼ 26.6% |
| Equity10/15 | €-4k | €42k | €39k | €86k | €16k | ▼ 81.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | - | €6k | - | - | - |
| Issued capital100 | - | - | €19k | - | - | - |
| Uncalled capital101 | - | - | €12k | - | - | - |
| Reserves13 | €2k | €2k | €33k | €79k | €10k | ▼ 87.5% |
| Non-distributable reserves130/1 | - | - | €2k | - | - | - |
| Legal reserve130 | - | - | €2k | - | - | - |
| Distributable reserves133 | - | - | €31k | €79k | €10k | ▼ 87.5% |
| Profit (loss) carried forward14 | €-12k | €34k | €428 | €302 | €81 | ▼ 73.0% |
| Amounts payable17/49 | €142k | €211k | €300k | €299k | €266k | ▼ 10.9% |
| Amounts payable within one year42/48 | €142k | €211k | €300k | €299k | €266k | ▼ 10.9% |
| Trade debts44 | €107k | €172k | €270k | €186k | €188k | ▲ 1.1% |
| Suppliers440/4 | - | - | €270k | €186k | €188k | ▲ 1.1% |
| Taxes, remuneration and social security45 | - | - | €29k | €113k | €77k | ▼ 31.7% |
| Taxes450/3 | - | - | €29k | €113k | €77k | ▼ 31.4% |
| Remuneration and social security454/9 | - | - | €498 | €568 | - | - |
| Other amounts payable47/48 | - | - | - | - | €1k | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €46k | €-2k | €46k | €-70k | ▼ 250% |
| + Depreciation and write-downs630 | €15k | €15k | €15k | €10k | €289 | ▼ 97.0% |
| Operating cash flow (approximation) | €10k | €61k | €13k | €56k | €-69k | ▼ 224% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €0 | €8k | - |
| Change in cash | - | €-16k | €13k | €-14k | €-80 | ▲ 99.4% |
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
19-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 15-09-2025
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-70k
Net result drops to €-70k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 47 days late
2020
31-12
Financial
Back to profitnet €46k
Net result €46k after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 56 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Willebroek · 1 establishment unit since 2013
Ground area
4,132 m²
Building footprint
1,031 m²
Volume, LiDAR
12,191 m³
Parcel 12036C0261/00K000, Flanders · tallest building 18.8 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
VERY CONSTRUCT
since 20132.219.685.147
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12036C0261/00K000 | Flanders | 4,132 m² | 1 · 1,031 m² | 18.8 m · 4 fl. |
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ELKE VAN WEERDT FREDERIK DE MERODE-
STRAAT 94-96, 2800 MECHELEN |
15-09-2025 → present |
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 10,936 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
Founded22-05-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.