10X
Open bankruptcyA bankruptcy procedure is open for 10X according to publications in the Belgian State Gazette; curator: Luc PLESSERS.
Summary
The 2023 annual accounts show negative equity (-€21,698) and a net result of -€69,175.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 11 March 2025
- Supervising judge
- Jean Bonte
- Official Gazette
- 17-03-2025 (pdf) ↗search the document for 2025/110946
Curator
- Luc PlessersKunstlaan 24 Bus 9 A, 1000 Brussel 1secretary@drpadvocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Publishing activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€21,698
2022 · €47,476
Total assets
€329,236▲ 25.4%
2022 · €262,447
Net result
-€69,175▼ 44,297%
2022 · -€156
Working capital
-€225,288
2022 · €46,537
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202120222023
Operating result€54,953--€871-€60,272▼ 6,822%
Net result€42,632--€156-€69,175▼ 44,297%
Equity€47,632-€47,476▼ 0.3%-€21,698
Total assets€156,313-€262,447▲ 67.9%€329,236▲ 25.4%
Debt€108,681-€214,971▲ 97.8%€350,934▲ 63.2%
Working capital€46,113-€46,537▲ 0.9%-€225,288
Staff (FTE)0.8
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +68% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €60,272 in 2023 against €871 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €329,236
Fixed assets
€203,589 ▲ 21,582%
Current assets
€125,646 ▼ 52.0%
Key figures and ratios
EBITDA
-€36,826▼
2022 · -€290
Cash flow
-€45,729▼
2022 · €425
Solvency
-6.6%▼
2022 · 18.1%
Current ratio
0.36▼
2022 · 1.22
Debt to equity
-16.17▼
2022 · 4.53
ROA
-21.0%▼
2022 · -0.1%
Interest coverage
-4.38▼
2022 · -0.16
Debt ≤ 1 year
€350,934▲
2022 · €214,971
Income taxes
€501▼
2022 · €756
Staff costs
€60,151
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €60,151 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €222 | €580 | €23,446 | ▲ 3,939% |
| Other operating charges640/8 | €1 | €1,073 | €412 | ▼ 61.6% |
| Non-recurring operating charges66A | - | €353 | €9,606 | ▲ 2,620% |
| Gross operating margin9900 | €55,175 | €1,136 | €33,343 | ▲ 2,836% |
| Operating profit (loss)9901 | €54,953 | -€871 | -€60,272 | ▼ 6,822% |
| Financial income75/76B | €2,584 | €3,247 | €1 | ▼ 100.0% |
| Recurring financial income75 | €1 | €3,247 | €1 | ▼ 100.0% |
| Non-recurring financial income76B | €2,583 | - | - | - |
| Financial charges65/66B | €694 | €1,777 | €8,403 | ▲ 373% |
| Recurring financial charges65 | €694 | €1,777 | €8,403 | ▲ 373% |
| Profit (loss) for the period before taxes9903 | €56,843 | €600 | -€68,673 | ▼ 11,546% |
| Income taxes67/77 | €14,211 | €756 | €501 | ▼ 33.7% |
| Profit (loss) for the period9904 | €42,632 | -€156 | -€69,175 | ▼ 44,297% |
| Profit (loss) for the period to be appropriated9905 | €42,632 | -€156 | -€69,175 | ▼ 44,297% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €156,313 | €262,447 | €329,236 | ▲ 25.4% |
| Fixed assets21/28 | €1,519 | €939 | €203,589 | ▲ 21,582% |
| Intangible fixed assets21 | - | - | €202,500 | - |
| Tangible fixed assets22/27 | €1,519 | €939 | €1,089 | ▲ 16.0% |
| Furniture and vehicles24 | €1,519 | €939 | €1,089 | ▲ 16.0% |
| Current assets29/58 | €154,793 | €261,508 | €125,646 | ▼ 52.0% |
| Amounts receivable within one year40/41 | €154,390 | €260,500 | €125,376 | ▼ 51.9% |
| Trade receivables40 | €54,119 | €80,689 | €125,376 | ▲ 55.4% |
| Other amounts receivable41 | €100,271 | €179,811 | - | - |
| Cash at bank and in hand54/58 | €403 | €1,008 | €100 | ▼ 90.1% |
| Deferred charges and accrued income490/1 | - | - | €170 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €156,313 | €262,447 | €329,236 | ▲ 25.4% |
| Equity10/15 | €47,632 | €47,476 | -€21,698 | ▼ 146% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €42,632 | €42,476 | -€26,698 | ▼ 163% |
| Amounts payable17/49 | €108,681 | €214,971 | €350,934 | ▲ 63.2% |
| Amounts payable within one year42/48 | €108,681 | €214,971 | €350,934 | ▲ 63.2% |
| Financial debts43 | €37,094 | €53,120 | €82,193 | ▲ 54.7% |
| Credit institutions430/8 | €37,094 | €53,120 | €82,193 | ▲ 54.7% |
| Trade debts44 | €38,378 | €40,232 | €94,331 | ▲ 134% |
| Suppliers440/4 | €38,378 | €40,232 | €94,331 | ▲ 134% |
| Taxes, remuneration and social security45 | €33,209 | €55,426 | €31,078 | ▼ 43.9% |
| Taxes450/3 | €33,209 | €55,426 | €20,888 | ▼ 62.3% |
| Remuneration and social security454/9 | - | - | €10,190 | - |
| Other amounts payable47/48 | - | €66,193 | €143,332 | ▲ 117% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,632 | -€156 | -€69,175 | ▼ 44,297% |
| + Depreciation and write-downs630 | €222 | €580 | €23,446 | ▲ 3,939% |
| Operating cash flow (approximation) | €42,854 | €425 | -€45,729 | ▼ 10,869% |
| Investment in fixed assets (approximation) | - | €0 | -€226,096 | - |
| Change in cash | - | €605 | -€908 | ▼ 250% |
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
17-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 11-03-2025
2024
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 128 days late
2023
31-12
Financial
Weakest financial yearnet -€69,175
Net result drops to -€69,175, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Etterbeek · 1 establishment unit since 2020
Ground area
443 m²
Building footprint
222 m²
Volume, LiDAR
3,470 m³
Parcel 21362B0285/00R002, Brussels · tallest building 20.1 m, ±6 floors. Linked by address, not a title deed.
55
companies at this address
See who is registered here
1 establishment unit
Sint-Michielslaan 47, 1040 Etterbeek
since 20202.309.012.744
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0285/00R002 | Brussels | 443 m² | 1 · 221 m² | 20.1 m · 6 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 | Luc PLESSERS KUNSTLAAN 24 BUS 9 A,
1000 BRUSSEL 1 |
11-03-2025 → present |
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Of 500 companies in sector 58130 we hold annual accounts for 248. 167 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
Founded13-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
58130Publishing activities
73110Advertising agencies
82990Other business support services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.