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11 Finance

Open bankruptcy
Private limited companyfounded 2016Rue Campagne(AMA) 53, 4540 Amay, BelgiumKBO/BCE: BE 0651.718.056

A bankruptcy procedure is open for 11 Finance according to publications in the Belgian Official Gazette; trustee: Luc Minguet.

Summary

The 2023 annual accounts show negative equity (-€19,679) and a net result of -€127,487.

11 FinanceOpen bankruptcy

Are 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 Liège, Liège division
Declared bankrupt
12 December 2024
Supervising judge
Frederic Deleuze
Official Gazette
18-12-2024 (pdf) ↗search the document for 2024/149637

Deadlines

Appeal or third-party opposition until
passed on 2 January 2025Fifteen 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 11 January 2025art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 23 January 2025Reclaim 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 12 December 2025A 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

  • Luc MinguetChemin Du Vieux Thier 5A, 4190 Ferrieresl.minguet@a-lm.be

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. 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
Retail sale of household furniture
NACE 47551
1 site
Size
≈ €420,000turnover 2023, estimated
Staff
≈ 3.7 FTE, estimated
Equity
-€19,679
Loss
-€127,487
Turnover estimated from the gross margin
Financial health
Open bankruptcy: no score
Structure
1 of 3 deeds summarised
Signalsraises riskOpen bankruptcy2023 accounts filed 61 days lateShow the evidence

Signals

Two signals.
raises risk
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
raises risk · 2023 accounts filed 61 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 · 8 filings
Deviation from the deadline
2023
61 days late
2022
32 days late
2021
3 days early
2020
18 days late
2019
74 days late
2018
28 days late
2017
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 34 days after the deadline; the sector median (NACE 47) for financial year 2023 is on the deadline day, and 48% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningEnterprise Court of Liège, Liège…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Weakest financial yearnet -€127,487

Key points

  • Risk: Declared bankrupttrustee: Luc Minguet 12-12-2024 View
  • Caution: From profit to loss in 2023after €101,796 in 2022 -€127,487 View
  • Total assets 20236 financial years filed €404,778 View

By topic

Financials

Financial year
2023
Total assets
€404,778
Loss
-€127,487
Solvency
-4.9%
Total assets▼ 27.5%
Net result
20182023
Go to Financials

Timeline

Events
14
Since
2017
  1. 01-09-2023Annual accounts filed
  2. 31-12-2022Highest result from 2018 to 2023
  3. 31-12-2022Liquidity more than 7 times
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of household furnitureNACE 47551
Founded
07-04-2016
Year ends
31-12
Peppol
Still in the Peppol directory
Go to Company details

Articles of association

Provisions read
28
Who signs
Each director alone
Annual meeting
Third Wednesday of May at 10:00
Purpose
“La conception,la commercialisation,le développement,la fabrication,la finition,la…” (deed in French)
Go to Articles of association

Key facts about 11 Finance

What is the company number of 11 Finance?
0651.718.056. In Belgium the VAT number is the company number with BE in front: BE 0651.718.056.
Where was 11 Finance based?
The last known address of the registered office is Rue Campagne(AMA) 53, 4540 Amay.Company details
What does 11 Finance do?
According to the KBO register, the main activity is retail sale of household furniture (NACE 47551).
What is the legal form of 11 Finance?
Private limited company (BV).
When was 11 Finance founded?
On 07-04-2016.
Is 11 Finance still active?
A bankruptcy is running: a bankruptcy trustee manages the company.
How many employees did 11 Finance have?
On average 1.8 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
What is the turnover of 11 Finance?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is 11 Finance profitable?
In financial year 2023, 11 Finance made a loss of €127,487.
Where can I find the annual accounts of 11 Finance?
11 Finance filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2023.

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