FLORIN CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for FLORIN CONSTRUCT according to publications in the Belgian State Gazette; curator: YSABELLE ENSCH.
Summary
The file additionally contains 1 administrative flag. The 2024 annual accounts show equity of €236k and a net result of €3k.
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 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
127 d late
2022
493 d late
2021
263 d late
2020
90 d late
2019
993 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Financials · fiscal year 2024, abbreviated schema
Equity
€236k▲ 1.4%
2023 · €233k
2018: €7klowest in 7 years
2019: €10k▲ +40.6% vs 2018
2020: €37k▲ +259% vs 2019
2021: €86k▲ +130% vs 2020
2022: €161k▲ +87.6% vs 2021
2023: €233k▲ +44.7% vs 2022
2024: €236k▲ +1.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€394k▼ 19.1%
2023 · €487k
2018: €18klowest in 7 years
2019: €77k▲ +333% vs 2018
2020: €62k▼ -19.4% vs 2019
2021: €165k▲ +168% vs 2020
2022: €311k▲ +88.3% vs 2021
2023: €487k▲ +56.4% vs 2022highest in 7 years
2024: €394k▼ -19.1% vs 2023
2018 → 2024
Net result
€3k▼ 95.4%
2023 · €72k
2018: €1klowest in 7 years
2019: €63k▲ +5287% vs 2018
2020: €47k▼ -25.6% vs 2019
2021: €111k▲ +137% vs 2020highest in 7 years
2022: €75k▼ -32.4% vs 2021
2023: €72k▼ -4.4% vs 2022
2024: €3k▼ -95.4% vs 2023
2018 → 2024
Working capital
€236k▲ 1.4%
2023 · €233k
2019: €13klowest in 6 years
2020: €37k▲ +188% vs 2019
2021: €88k▲ +136% vs 2020
2022: €161k▲ +83.5% vs 2021
2023: €233k▲ +44.7% vs 2022
2024: €236k▲ +1.4% vs 2023highest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€37k-€86k▲ 130%€161k▲ 87.6%€233k▲ 44.7%€236k▲ 1.4%
2020: €37klowest in 5 years
2021: €86k▲ +130% vs 2020
2022: €161k▲ +87.6% vs 2021
2023: €233k▲ +44.7% vs 2022
2024: €236k▲ +1.4% vs 2023highest in 5 years
Operating result€42k-€98k▲ 133%€115k▲ 16.9%€112k▼ 2.7%€21k▼ 81.0%
2020: €42k
2021: €98k▲ +133% vs 2020
2022: €115k▲ +16.9% vs 2021highest in 5 years
2023: €112k▼ -2.7% vs 2022
2024: €21k▼ -81.0% vs 2023lowest in 5 years
Net result€47k-€111k▲ 137%€75k▼ 32.4%€72k▼ 4.4%€3k▼ 95.4%
2020: €47k
2021: €111k▲ +137% vs 2020highest in 5 years
2022: €75k▼ -32.4% vs 2021
2023: €72k▼ -4.4% vs 2022
2024: €3k▼ -95.4% vs 2023lowest 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 has fallen two years in a row; 2024 is 81% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €394k
Equity
€236k ▲ 1.4%
Debt
€158k ▼ 37.9%
Debt's share of the balance-sheet total falls from 52.2% to 40.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.49▲
2023 · 1.92
Debt to equity
0.67▼
2023 · 1.09
ROE
1.4%▼
2023 · 30.9%
ROA
0.8%▼
2023 · 14.8%
Debt ≤ 1 year
€158k▼
2023 · €254k
Income taxes
€23k▼
2023 · €49k
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 · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€487k€394k▼
Current assets29/58€487k€394k▼
Amounts receivable after more than one year29-€93k
Other amounts receivable291-€93k
Amounts receivable within one year40/41€487k€301k▼
Trade receivables40€319k€271k▼
Other amounts receivable41€168k€30k▼
Cash at bank and in hand54/58€14€3▼
Equity and liabilities
Total equity and liabilities10/49€487k€394k▼
Equity10/15€233k€236k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Share premium1100/10€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€212k€216k▲
Amounts payable17/49€254k€158k▼
Amounts payable within one year42/48€254k€158k▼
Trade debts44-€61k
Suppliers440/4-€61k
Advances received on contracts in progress46€182k€9k▼
Taxes, remuneration and social security45€72k€88k▲
Taxes450/3€72k€88k▲
Income statement
Code20232024
Other operating charges640/8€200€1k▲
Gross operating margin9900€112k€23k▼
Operating profit (loss)9901€112k€21k▼
Financial income75/76B€9k€8k▼
Recurring financial income75€9k€8k▼
Financial charges65/66B€126€4k▲
Recurring financial charges65€126€4k▲
Profit (loss) for the period before taxes9903€121k€26k▼
Income taxes67/77€49k€23k▼
Profit (loss) for the period9904€72k€3k▼
Profit (loss) for the period to be appropriated9905€72k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€212k€216k▲
Profit (loss) brought forward from the previous period14P€140k€212k▲
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €400 | - | - | - | - |
| Other operating charges640/8 | - | €2k | €490 | €200 | €1k | ▲ 500% |
| Gross operating margin9900 | €42k | €100k | €116k | €112k | €23k | ▼ 79.9% |
| Operating profit (loss)9901 | €42k | €98k | €115k | €112k | €21k | ▼ 81.0% |
| Financial income75/76B | - | €20k | €10k | €9k | €8k | ▼ 7.3% |
| Recurring financial income75 | €5k | €200 | €10k | €9k | €8k | ▼ 7.3% |
| Non-recurring financial income76B | - | €20k | - | - | - | - |
| Financial charges65/66B | - | €192 | €2k | €126 | €4k | ▲ 2,874% |
| Recurring financial charges65 | €193 | €192 | €2k | €126 | €4k | ▲ 2,874% |
| Profit (loss) for the period before taxes9903 | €47k | €118k | €124k | €121k | €26k | ▼ 78.6% |
| Income taxes67/77 | - | €7k | €48k | €49k | €23k | ▼ 53.8% |
| Profit (loss) for the period9904 | €47k | €111k | €75k | €72k | €3k | ▼ 95.4% |
| Profit (loss) for the period to be appropriated9905 | €47k | €111k | €75k | €72k | €3k | ▼ 95.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62k | €165k | €311k | €487k | €394k | ▼ 19.1% |
| Current assets29/58 | €62k | €165k | €311k | €487k | €394k | ▼ 19.1% |
| Amounts receivable after more than one year29 | - | - | - | - | €93k | - |
| Other amounts receivable291 | - | - | - | - | €93k | - |
| Amounts receivable within one year40/41 | €61k | €149k | €311k | €487k | €301k | ▼ 38.2% |
| Trade receivables40 | - | €34k | €145k | €319k | €271k | ▼ 15.0% |
| Other amounts receivable41 | - | €116k | €166k | €168k | €30k | ▼ 82.0% |
| Cash at bank and in hand54/58 | €634 | €16k | €443 | €14 | €3 | ▼ 75.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62k | €165k | €311k | €487k | €394k | ▼ 19.1% |
| Equity10/15 | €37k | €86k | €161k | €233k | €236k | ▲ 1.4% |
| Contributions10/11 | €6k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | - | - | - | - |
| Issued capital100 | - | €19k | - | - | - | - |
| Outside capital11 | - | - | €19k | €19k | €19k | = |
| Share premium1100/10 | - | - | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €29k | €65k | €140k | €212k | €216k | ▲ 1.6% |
| Amounts payable17/49 | €25k | €80k | €150k | €254k | €158k | ▼ 37.9% |
| Amounts payable within one year42/48 | €25k | €78k | €150k | €254k | €158k | ▼ 37.9% |
| Trade debts44 | €2k | - | €1k | - | €61k | - |
| Suppliers440/4 | - | - | €1k | - | €61k | - |
| Advances received on contracts in progress46 | - | - | €112k | €182k | €9k | ▼ 95.0% |
| Taxes, remuneration and social security45 | - | €3k | €37k | €72k | €88k | ▲ 22.4% |
| Taxes450/3 | - | - | €37k | €72k | €88k | ▲ 22.4% |
| Remuneration and social security454/9 | - | €3k | - | - | - | - |
| Other amounts payable47/48 | - | €75k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €2k | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47k | €111k | €75k | €72k | €3k | ▼ 95.4% |
| Operating cash flow (approximation) | €47k | €111k | €75k | €72k | €3k | ▼ 95.4% |
| Change in cash | - | €15k | €-15k | €-429 | €-11 | ▲ 97.5% |
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
2026
03-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 30-03-2026
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
15-07
KBO administration
Address strikeout annulled
10-06
KBO administration
Address struck
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 127 days late
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 493 days late
2023
31-12
Financial
Equity above €200kEq €233k ▲44.7%
6 profitable years in a row build equity to €233k.
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 263 days late
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 993 days late
2022
31-12
Financial
Equity above €150kEq €161k ▲87.6%
5 profitable years in a row build equity to €161k.
2021
31-12
Financial
Highest result since 2018net €111k ▲137%
Net result €111k, the highest in the series.
Show earlier events
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.52
Current ratio from 1.20 to 2.52; short-term debt falls from €64k to €25k.
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 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, Elsene · 1 establishment unit since 2016
Ground area
566 m²
Building footprint
484 m²
Volume, LiDAR
10,594 m³
2 parcels, Brussels · tallest building 29.8 m, ±8 floors. Linked by address, not a title deed.
276
companies at this address
See who is registered here
1 establishment unit
FLORIN CONSTRUCT
since 20162.256.929.781
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00H005 | Brussels | 480 m² | 1 · 417 m² | 29.8 m · 8 fl. |
| 21015A0520/00G004 | Brussels | 86 m² | 1 · 67 m² | 18.4 m · 5 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 | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 IXELLES |
30-03-2026 → present |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,670 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)
Founded31-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43120Site preparation
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.