WAL CONSTRUCT
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
- Commercial Court of Ghent, Oudenaarde division
- Declared bankrupt
- 8 February 2018
- Official Gazette
- 14-02-2018 (pdf) ↗search the document for 2018/106326
Deadlines
- Provisional date payments stopped
- 8 February 2018A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 1 March 2018Fifteen 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 10 March 2018art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 22 March 2018Reclaim 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 8 February 2019A 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
- Mr Glas ChristopheMeerlaan 134, 9620 Zottegem
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 ↗
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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
Other building finishing work
NACE 43350
1 site
Size
€47,178total assets 2016
- Equity
- €11,025
- Loss
- -€4,320
Turnover not published (abbreviated or micro format)
Financial health
Open bankruptcy: no score
Structure
0 of 4 deeds read
Signalsraises riskOpen bankruptcyneutralFiled after the deadlineShow the evidence
Signals
Two signals.
raises riskneutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 29-08-2017, 29 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 · 6 filingsDeviation from the deadline
2016
29 days late
2015
25 days late
2014
20 days late
2013
29 days late
2012
30 days late
2011
23 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
- OpeningCommercial Court of Ghent, Oudenaarde…
- Annual accounts filedfinancial year 2016 · micro…
- Annual accounts filedfinancial year 2015 · abbreviated…
Financials · financial year 2016, micro format
2016 annual accounts filed late (29 days) Filed on 29 August 2017, deadline 31 July 2017 (7 months after the close on 31 December 2016, Companies Code art. 3:10). Source: NBB, 2017-52900189.
Turnover
€86,150
EBIT margin
-9.5%
Net result
-€4,320
2015 · €1,656
Working capital
€10,519▲ 136%
2015 · €4,461
Trend over the years
2012 to 2016, 5 financial years 2012 to 2016, 5 financial years
The operating result falls in 2016; 2016 is 88% below 2015.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€616
2016
Net result-€4,320
2016
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€47,178
2016
Equity€11,025
2016
Debt€36,153
2016
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€10,519
2016
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20122013201420152016
Turnover€86,150-
Operating result-€8,146-€39,100-€25,373€5,100€616▼ 87.9%
Net result-€11,089-€26,920-€27,485€1,656-€4,320
EBIT margin-9.5%-
Equity€2,754-€29,674▲ 978%€2,189▼ 92.6%€5,595▲ 156%€11,025▲ 97.0%
Total assets€24,311-€59,892▲ 146%€23,102▼ 61.4%€47,764▲ 107%€47,178▼ 1.2%
Debt€21,557-€30,218▲ 40.2%€20,913▼ 30.8%€42,169▲ 102%€36,153▼ 14.3%
Working capital-€1,697-€23,531-€1,630€4,461€10,519▲ 136%
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €47,178
Fixed assets
€13,615 ▼ 26.2%
Current assets
€33,563 ▲ 14.5%
Equity and liabilities €47,178
Equity
€11,025 ▲ 97.0%
Debt
€36,153 ▼ 14.3%
Debt's share of the balance-sheet total falls from 88.3% to 76.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,242▼
2015 · €10,145
Cash flow
€306▼
2015 · €6,701
Current ratio
1.46▲
2015 · 1.18
Quick ratio
1.30▲
2015 · 0.94
Debt to equity
1.19▼
2015 · 3.10
ROE
-39.2%▼
2015 · 29.6%
ROA
-9.2%▼
2015 · 3.5%
Debt ≤ 1 year
€23,043▼
2015 · €24,850
Debt > 1 year
€13,084▼
2015 · €17,319
Income taxes
€2,918▲
2015 · €924
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €86,150 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,838 | €5,105 | €4,876 | €5,045 | €4,626 | ▼ 8.3% |
| Gross operating margin9900 | €951 | €46,380 | -€18,920 | €12,831 | €7,843 | ▼ 38.9% |
| Operating profit (loss)9901 | -€8,146 | €39,100 | -€25,373 | €5,100 | €616 | ▼ 87.9% |
| Recurring financial income75 | €38 | €197 | €26 | €34 | €55 | ▲ 61.8% |
| Recurring financial charges65 | €2,384 | €2,377 | €2,114 | €2,434 | €2,073 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | -€11,082 | €36,920 | -€27,331 | €2,580 | -€1,402 | - |
| Income taxes67/77 | €7 | €10,000 | €154 | €924 | €2,918 | ▲ 216% |
| Profit (loss) for the period9904 | -€11,089 | €26,920 | -€27,485 | €1,656 | -€4,320 | - |
| Profit (loss) for the period to be appropriated9905 | -€11,089 | €26,920 | -€27,485 | €1,656 | -€4,320 | - |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,311 | €59,892 | €23,102 | €47,764 | €47,178 | ▼ 1.2% |
| Fixed assets21/28 | €9,447 | €6,143 | €3,844 | €18,453 | €13,615 | ▼ 26.2% |
| Tangible fixed assets22/27 | €9,235 | €5,931 | €3,632 | €18,241 | €13,615 | ▼ 25.4% |
| Financial fixed assets28 | €212 | €212 | €212 | €212 | - | - |
| Current assets29/58 | €14,864 | €53,749 | €19,258 | €29,311 | €33,563 | ▲ 14.5% |
| Stocks and contracts in progress3 | - | - | - | €6,000 | €3,500 | ▼ 41.7% |
| Amounts receivable within one year40/41 | €11,885 | €25,345 | €15,041 | €19,872 | €19,327 | ▼ 2.7% |
| Cash at bank and in hand54/58 | - | €22,242 | €1,380 | €1,354 | €2,270 | ▲ 67.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,311 | €59,892 | €23,102 | €47,764 | €47,178 | ▼ 1.2% |
| Equity10/15 | €2,754 | €29,674 | €2,189 | €5,595 | €11,025 | ▲ 97.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €7,950 | €17,700 | ▲ 123% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€5,306 | €21,614 | -€5,871 | -€4,215 | -€8,535 | ▼ 103% |
| Amounts payable17/49 | €21,557 | €30,218 | €20,913 | €42,169 | €36,153 | ▼ 14.3% |
| Amounts payable after more than one year17 | €4,996 | - | - | €17,319 | €13,084 | ▼ 24.5% |
| Amounts payable within one year42/48 | €16,561 | €30,218 | €20,888 | €24,850 | €23,043 | ▼ 7.3% |
| Trade debts44 | - | €18,343 | €3,539 | €2,736 | €5,962 | ▲ 118% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,089 | €26,920 | -€27,485 | €1,656 | -€4,320 | - |
| + Depreciation and write-downs630 | €6,838 | €5,105 | €4,876 | €5,045 | €4,626 | ▼ 8.3% |
| Operating cash flow (approximation) | -€4,251 | €32,025 | -€22,609 | €6,701 | €306 | ▼ 95.4% |
| Investment in fixed assets (approximation) | - | -€1,801 | -€2,577 | -€19,654 | €212 | - |
| Change in cash | - | - | -€20,862 | -€26 | €915 | - |
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 (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2016 | micro format | 29-08-2017 | 2017-52900189 |
| 31-12-2015 | abbreviated format | 25-08-2016 | 2016-47900490 |
| 31-12-2014 | abbreviated format | 20-08-2015 | 2015-43800008 |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-55600132 |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-55700030 |
| 31-12-2011 | abbreviated format | 23-08-2012 | 2012-43200298 |
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Of the 7,245 active companies whose main activity is other building finishing work (NACE 43350), figures are known for 2,369. 1,465 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 4 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Mr Glas Christophe Meerlaan 134, 9620 Zottegem |
08-02-2018 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2018
14-02
Bankruptcy
Opening
Commercial Court of Ghent, Oudenaarde division · judgment of 08-02-2018
2017
29-08
NBB filing
Annual accounts filed
financial year 2016 · micro format · 29 days late
2016
25-08
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 25 days late
2015
31-12
Financial
Back to profitnet €1,656
Net result €1,656 after one loss-making year.
20-08
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 20 days late
2014
31-12
Financial
Weakest financial yearnet -€27,485
Net result drops to -€27,485, the lowest in the series.
29-08
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format · 29 days late
2013
31-12
Financial
Back to profitnet €26,920
Net result €26,920 after one loss-making year.
30-08
NBB filing
Annual accounts filed
financial year 2012 · abbreviated format · 30 days late
2012
23-08
NBB filing
Annual accounts filed
financial year 2011 · abbreviated format · 23 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 4 deeds read
About the unread acts
We know of 4 Belgian Official 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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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded06-08-2010
Financial year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43230Insulation installation
43332Laying of wooden floor and wall coverings
81210General cleaning of 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 21 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, Brakel · 1 establishment unit since 2010
Ground area
166 m²
Building footprint
101 m²
Building volume
634 m³
Parcel 45028A0074/00F002, Flanders · tallest building 10.2 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Wal Construct
since 2010unit no. 2.190.821.016
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45028A0074/00F002 | Flanders | 166 m² | 1 · 101 m² | 10.2 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.