VS Construct bvba
Open bankruptcyAre 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 Leuven
- Declared bankrupt
- 28 July 2020
- Supervising judge
- Johnny Verhaegen
- Official Gazette
- 03-08-2020 (pdf) ↗search the document for 2020/128125
Deadlines
- Provisional date payments stopped
- 28 July 2020A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 18 August 2020Fifteen 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 27 August 2020art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 8 September 2020Reclaim 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 28 July 2021A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Gerry VerschurenEikenstraat 1A, 3210 Lubbeekgerry.verschuren@skynet.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
Activity
General construction of residential buildings
NACE 41001
1 site
Size
≈ €410,000turnover 2018, estimated
- Staff
- 0.9 FTE
- Equity
- €146,959
- Loss
- -€3,960
Turnover estimated from the gross margin
Financial health
Open bankruptcy: no score
Structure
1 deed in the Belgian Official Gazette
Signalsraises riskOpen bankruptcy2018 accounts filed 26 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · 2018 accounts filed 26 days late
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 26-08-2019, 26 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 · 10 filingsDeviation from the deadline
2019
not filed
2018
26 days late
2017
9 days late
2016
22 days late
2015
22 days late
2014
29 days early
2013
21 days late
← 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 after the deadline; the sector median (NACE 41) for financial year 2019 is 4 days after the deadline, and 51% of those companies filed late.
Searched, nothing found (1)
- Supervising judge replacedEnterprise Court of Leuven ·…
- Supervising judge replacedEnterprise Court of Leuven ·…
- OpeningEnterprise Court of Leuven ·…
Financials · financial year 2018, micro format
2018 annual accounts filed late (26 days) Filed on 26 August 2019, deadline 31 July 2019 (7 months after the close on 31 December 2018, Companies Code art. 3:10). Source: NBB, 2019-49900148.
Turnover
≈ €410,000
Estimated: probably between €290,000 and €770,000
Total assets
€379,679
Net result
-€3,960
Working capital
€135,168
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €379,679
Fixed assets
€11,790
Current assets
€367,889
Equity and liabilities €379,679
Equity
€146,959
Debt
€232,720
Debt finances 61.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€9,064
Cash flow
€12,462
Current ratio
1.58
ROE
-2.7%
ROA
-1.0%
Debt ≤ 1 year
€232,720
Income taxes
€602
Annual accounts
| Line | 2018 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,422 |
| Gross operating margin9900 | €77,750 |
| Operating profit (loss)9901 | -€7,359 |
| Recurring financial income75 | €4,393 |
| Recurring financial charges65 | €392 |
| Profit (loss) for the period before taxes9903 | -€3,358 |
| Income taxes67/77 | €602 |
| Profit (loss) for the period9904 | -€3,960 |
| Profit (loss) for the period to be appropriated9905 | -€3,960 |
| Line | 2018 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €379,679 | |
| Fixed assets21/28 | €11,790 | |
| Tangible fixed assets22/27 | €11,427 | |
| Financial fixed assets28 | €363 | |
| Current assets29/58 | €367,889 | |
| Amounts receivable within one year40/41 | €301,852 | |
| Cash at bank and in hand54/58 | €61,073 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €379,679 | |
| Equity10/15 | €146,959 | |
| Contributions10/11 | €18,592 | |
| Reserves13 | €63,783 | |
| Profit (loss) carried forward14 | €64,583 | |
| Amounts payable17/49 | €232,720 | |
| Amounts payable within one year42/48 | €232,720 | |
| Trade debts44 | €112,231 | |
| Line | 2018 |
|---|---|
| Profit (loss) for the period9904 | -€3,960 |
| + Depreciation and write-downs630 | €16,422 |
| Operating cash flow (approximation) | €12,462 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2018 | micro format | 26-08-2019 | 2019-49900148 |
| 31-12-2017 | micro format | 09-08-2018 | 2018-44200135 |
| 31-12-2016 | micro format | 22-08-2017 | 2017-45100073 |
| 31-12-2015 | abbreviated format | 22-08-2016 | 2016-44300096 |
| 31-12-2014 | abbreviated format | 02-07-2015 | 2015-25000009 |
| 31-12-2013 | abbreviated format | 21-08-2014 | 2014-43800346 |
| 31-12-2012 | abbreviated format | 18-07-2013 | 2013-31300533 |
| 31-12-2011 | abbreviated format | 01-06-2012 | 2012-13300160 |
| 31-12-2010 | abbreviated format | 27-07-2011 | 2011-33200284 |
| 31-12-2009 | abbreviated format | 27-07-2010 | 2010-33900195 |
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Of the 29,226 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,354. 12,867 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
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Gerry Verschuren Eikenstraat 1A, 3210 Lubbeek |
28-07-2020 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2023
07-06
Bankruptcy
Supervising judge replaced
Enterprise Court of Leuven · judgment of 01-06-2023
2021
07-05
Bankruptcy
Supervising judge replaced
Enterprise Court of Leuven · judgment of 29-04-2021
2020
03-08
Bankruptcy
Opening
Enterprise Court of Leuven · judgment of 28-07-2020
2019
26-08
NBB filing
Annual accounts filed
financial year 2018 · micro format · 26 days late
2018
09-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 9 days late
2017
22-08
NBB filing
Annual accounts filed
financial year 2016 · micro format · 22 days late
2016
22-08
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 22 days late
2015
02-07
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format
2014
21-08
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format · 21 days late
2013
18-07
NBB filing
Annual accounts filed
financial year 2012 · abbreviated format
2012
01-06
NBB filing
Annual accounts filed
financial year 2011 · abbreviated format
2011
27-07
NBB filing
Annual accounts filed
financial year 2010 · abbreviated format
2010
27-07
NBB filing
Annual accounts filed
financial year 2009 · abbreviated format
SignalNBB filingOf the 28 annual accounts filed, the latest 10 are here; all 28 are under Financials.
0 of 1 deed read
About the unread acts
We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Opening faillissement
VS Construct bvba is in the KBO register with the legal situation: opening faillissement.
- Legal situation
- Opening faillissement
- Last annual accounts
- financial year to 31 December 2018
- Legal form
- Private limited company (pre-2019)
- Active since
- 7 September 1990
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded07-09-1990
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 1990
Ground area
2,654 m²
Building footprint
360 m²
Building volume
2,333 m³
2 parcels, Flanders · tallest building 11.6 m. Linked by address, not a title deed.
1 establishment unit
V.S.W.
since 1990unit no. 2.049.603.565
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24094B0429/00S000 | Flanders | 1,868 m² | 1 · 187 m² | 8.2 m · 1 |
| 24038C0205/00H002 | Flanders | 786 m² | 1 · 173 m² | 11.6 m · 3 |
How the parcels are linked
Good to know
Both parcels match the address exactly.