Egoconstruct
Open bankruptcySummary
A bankruptcy procedure is open for Egoconstruct according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €226k and a net result of €149k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€479k▲ 86.4%
2020 · €257k
2020: €257k
2021: €479k▲ +86.4% vs 2020
2020 → 2021
EBIT margin
31.4%▲ 10.9pp
2020 · 20.4%
2020: 20.4%
2021: 31.4%▲ +53.5% vs 2020
2020 → 2021
Net result
€149k▲ 303%
2020 · €37k
2018: €5klowest in 4 years
2019: €10k▲ +94.1% vs 2018
2020: €37k▲ +279% vs 2019
2021: €149k▲ +303% vs 2020highest in 4 years
2018 → 2021
Working capital
€216k▲ 185%
2020 · €76k
2018: €29klowest in 4 years
2019: €40k▲ +38.0% vs 2018
2020: €76k▲ +90.0% vs 2019
2021: €216k▲ +185% vs 2020highest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€257k€479k▲ 86.4%
2020: €257k
2021: €479k▲ +86.4% vs 2020
Equity€29k-€40k▲ 37.9%€77k▲ 92.7%€226k▲ 194%
2018: €29klowest in 4 years
2019: €40k▲ +37.9% vs 2018
2020: €77k▲ +92.7% vs 2019
2021: €226k▲ +194% vs 2020highest in 4 years
Operating result€10k-€14k▲ 41.3%€53k▲ 270%€150k▲ 186%
2018: €10klowest in 4 years
2019: €14k▲ +41.3% vs 2018
2020: €53k▲ +270% vs 2019
2021: €150k▲ +186% vs 2020highest in 4 years
Net result€5k-€10k▲ 94.1%€37k▲ 279%€149k▲ 303%
2018: €5klowest in 4 years
2019: €10k▲ +94.1% vs 2018
2020: €37k▲ +279% vs 2019
2021: €149k▲ +303% vs 2020highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2021 is 186% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €374k
Fixed assets
€34k ▲ 120%
Current assets
€341k ▲ 90.2%
Equity and liabilities €374k
Equity
€226k ▲ 194%
Debt
€148k ▲ 26.3%
Debt's share of the balance-sheet total falls from 60.4% to 39.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€154k▲
2020 · €54k
Cash flow
€153k▲
2020 · €39k
Current ratio
2.74▲
2020 · 1.73
Debt to equity
0.66▲
2020 · 0.18
ROE
65.9%▲
2020 · 48.1%
ROA
39.8%▲
2020 · 19.1%
Interest coverage
136.78
Debt ≤ 1 year
€124k▲
2020 · €103k
Debt > 1 year
€24k▲
2020 · €14k
Staff costs
€18k
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 · 2021 against 2020 · 52 lines
Balance sheet
Code20202021
Assets
Total assets20/58€194k€374k▲
Fixed assets21/28€15k€34k▲
Tangible fixed assets22/27€15k€34k▲
Furniture and vehicles24-€34k
Financial fixed assets28€175€175=
Current assets29/58€179k€341k▲
Amounts receivable within one year40/41€150k€279k▲
Trade receivables40-€225k
Other amounts receivable41-€53k
Cash at bank and in hand54/58€29k€62k▲
Deferred charges and accrued income490/1-€153
Equity and liabilities
Total equity and liabilities10/49€194k€374k▲
Equity10/15€77k€226k▲
Contributions10/11€12k€12k=
Capital10-€12k
Issued capital100-€19k
Uncalled capital101-€6k
Reserves13€8k€8k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Distributable reserves133-€6k
Profit (loss) carried forward14€56k€206k▲
Amounts payable17/49€117k€148k▲
Amounts payable after more than one year17€14k€24k▲
Financial debts170/4-€24k
Amounts payable within one year42/48€103k€124k▲
Current portion of amounts payable after more than one year42-€17k
Financial debts43-€8k
Credit institutions430/8-€8k
Trade debts44€46k€80k▲
Suppliers440/4-€80k
Taxes, remuneration and social security45-€19k
Taxes450/3-€12k
Remuneration and social security454/9-€7k
Income statement
Code20202021
Turnover70€257k€479k▲
Non-recurring operating income76A-€13k
Goods, raw materials, services and sundry goods60/61-€311k
Remuneration, social security and pensions62-€18k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8-€5k
Non-recurring operating charges66A-€4k
Gross operating margin9900€57k€181k▲
Operating profit (loss)9901€53k€150k▲
Recurring financial income75€59-
Financial charges65/66B-€1k
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€51k€149k▲
Income taxes67/77€14k-
Profit (loss) for the period9904€37k€149k▲
Profit (loss) for the period to be appropriated9905€37k€149k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€206k
Profit (loss) brought forward from the previous period14P-€56k
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 | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €257k | €479k | ▲ 86.4% |
| Non-recurring operating income76A | - | - | - | €13k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €311k | - |
| Remuneration, social security and pensions62 | - | - | - | €18k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2k | €4k | ▲ 122% |
| Other operating charges640/8 | - | - | - | €5k | - |
| Non-recurring operating charges66A | - | - | - | €4k | - |
| Gross operating margin9900 | €44k | €15k | €57k | €181k | ▲ 218% |
| Operating profit (loss)9901 | €10k | €14k | €53k | €150k | ▲ 186% |
| Recurring financial income75 | €254 | €22 | €59 | - | - |
| Financial charges65/66B | - | - | - | €1k | - |
| Recurring financial charges65 | €676 | €360 | €1k | €1k | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | €10k | €14k | €51k | €149k | ▲ 190% |
| Income taxes67/77 | €5k | €4k | €14k | - | - |
| Profit (loss) for the period9904 | €5k | €10k | €37k | €149k | ▲ 303% |
| Profit (loss) for the period to be appropriated9905 | €5k | €10k | €37k | €149k | ▲ 303% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €77k | €76k | €194k | €374k | ▲ 92.6% |
| Fixed assets21/28 | €75 | €75 | €15k | €34k | ▲ 120% |
| Tangible fixed assets22/27 | - | - | €15k | €34k | ▲ 121% |
| Furniture and vehicles24 | - | - | - | €34k | - |
| Financial fixed assets28 | €75 | €75 | €175 | €175 | = |
| Current assets29/58 | €77k | €76k | €179k | €341k | ▲ 90.2% |
| Amounts receivable within one year40/41 | €75k | €70k | €150k | €279k | ▲ 86.3% |
| Trade receivables40 | - | - | - | €225k | - |
| Other amounts receivable41 | - | - | - | €53k | - |
| Cash at bank and in hand54/58 | €2k | €5k | €29k | €62k | ▲ 111% |
| Deferred charges and accrued income490/1 | - | - | - | €153 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €77k | €76k | €194k | €374k | ▲ 92.6% |
| Equity10/15 | €29k | €40k | €77k | €226k | ▲ 194% |
| Contributions10/11 | €12k | €12k | €12k | €12k | = |
| Capital10 | - | - | - | €12k | - |
| Issued capital100 | - | - | - | €19k | - |
| Uncalled capital101 | - | - | - | €6k | - |
| Reserves13 | €8k | €8k | €8k | €8k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Legal reserve130 | - | - | - | €2k | - |
| Distributable reserves133 | - | - | - | €6k | - |
| Profit (loss) carried forward14 | €8k | €19k | €56k | €206k | ▲ 264% |
| Amounts payable17/49 | €48k | €36k | €117k | €148k | ▲ 26.3% |
| Amounts payable after more than one year17 | - | - | €14k | €24k | ▲ 68.9% |
| Financial debts170/4 | - | - | - | €24k | - |
| Amounts payable within one year42/48 | €48k | €36k | €103k | €124k | ▲ 20.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17k | - |
| Financial debts43 | - | - | - | €8k | - |
| Credit institutions430/8 | - | - | - | €8k | - |
| Trade debts44 | €12k | €7k | €46k | €80k | ▲ 71.8% |
| Suppliers440/4 | - | - | - | €80k | - |
| Taxes, remuneration and social security45 | - | - | - | €19k | - |
| Taxes450/3 | - | - | - | €12k | - |
| Remuneration and social security454/9 | - | - | - | €7k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €10k | €37k | €149k | ▲ 303% |
| + Depreciation and write-downs630 | - | - | €2k | €4k | ▲ 122% |
| Operating cash flow (approximation) | €5k | €10k | €39k | €153k | ▲ 294% |
| Investment in fixed assets (approximation) | - | €0 | €-17k | €-22k | ▼ 31.2% |
| Change in cash | - | €4k | €24k | €32k | ▲ 35.7% |
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
05-01
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 28-12-2023
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 276 days late
2021
30-09
Financial
Highest result since 2018net €149k ▲303%
Operating result €150k, net result €149k, both a record.
30-09
Financial
Equity above €200kEq €226k ▲194%
4 profitable years in a row build equity to €226k.
03-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 210 days late
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2016
15-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 138 days late
2015
29-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 29 days late
2014
28-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
30-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
06-04
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Leuven · 1 establishment unit since 2008
Ground area
4.6 ha
Building footprint
1,320 m²
Volume, LiDAR
18,517 m³
Parcel 24062H0036/00L013, Flanders · tallest building 22.3 m, ±5 floors. Linked by address, not a title deed.
50
companies at this address
See who is registered here
1 establishment unit
egoconstruct
since 20082.170.806.451
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062H0036/00L013 | Flanders | 4.6 ha | 1 · 1,320 m² | 22.3 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | WIM BOLLEN STEENWEG OP ST-JORIS-WINGE 21,
3200 AARSCHOT |
28-12-2023 → present |
| Curator | THOMAS
VANDENDRIES STEENWEG OP ST-JORIS-WINGE 21,
3200 AARSCHOT |
28-12-2023 → present |
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,083 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
Founded29-04-2008
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.