3eQual
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
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 15 May 2025
- Supervising judge
- Benoit Ide
- Official Gazette
- 21-05-2025 (pdf) ↗search the document for 2025/121369
Deadlines
- Provisional date payments stopped
- 15 May 2025A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 5 June 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 14 June 2025art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 11 July 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 15 May 2026A 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
- Thomas DebaeneKoninklijke Laan 60, 2600 Berchem (Antwerpen)thomas.debaene@gvgadvocaten.be
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
Retail sale of household furniture
NACE 47551
1 site
Size
€584,321total assets 2023
- Staff
- 1.7 FTE
- Equity
- €60,902
- Profit
- €96,457
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
1 of 3 deeds summarised
Signalsraises riskOpen bankruptcyShow the evidence
Signals
1 signal.
raises risk
Searched, nothing found (1)
- OpeningEnterprise Court of Antwerp, Antwerp…
- Annual accounts filedfinancial year 2023 · micro…
- Registered officeRegistered-office move
Financials · financial year 2023, micro format
2023 annual accounts filed late (236 days) Filed on 24 March 2025, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2025-00052710.
Equity
€60,902
2022 · -€35,555
Total assets
€584,321▲ 34.1%
2022 · €435,728
Net result
€96,457
2022 · -€173,011
Working capital
€102,250▲ 765%
2022 · €11,826
Trend over the years
2019 to 2023, 5 financial years
The operating result returns to profit in 2023: €96,963 after a loss of €185,155 in 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€96,963
2023
Net result€96,457
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€584,321
2023
Equity€60,902
2023
Debt€523,418
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€102,250
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)16.5%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency10.4%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.27
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)1.7
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€137,453-€29,377€148,133▲ 404%-€185,155€96,963
Net result-€162,096-€39,895above the sector's middle half€159,657above the sector's middle half▲ 300%-€173,011below the sector's middle half€96,457above the sector's middle half
Equity-€62,096--€22,201below the sector's middle half▲ 64.2%€137,456above the sector's middle half-€35,555below the sector's middle half€60,902within the sector's middle half
Total assets€292,637-€345,011above the sector's middle half▲ 17.9%€640,489above the sector's middle half▲ 85.6%€435,728above the sector's middle half▼ 32.0%€584,321above the sector's middle half▲ 34.1%
Debt€354,733-€367,212▲ 3.5%€503,033▲ 37.0%€471,282▼ 6.3%€523,418▲ 11.1%
Working capital-€13,463-€12,412within the sector's middle half€185,611above the sector's middle half▲ 15×€11,826within the sector's middle half▼ 93.6%€102,250above the sector's middle half▲ 765%
Solvency-21.2%--6.4%below the sector's middle half▲ 14.8pp21.5%within the sector's middle half▲ 27.9pp-8.2%below the sector's middle half▼ 29.6pp10.4%within the sector's middle half▲ 18.6pp
Current ratio0.86-1.09within the sector's middle half▲ 0.231.64within the sector's middle half▲ 0.551.04within the sector's middle half▼ 0.601.27within the sector's middle half▲ 0.23
Return on assets (ROA)-55.4%-11.6%within the sector's middle half▲ 67.0pp24.9%above the sector's middle half▲ 13.4pp-39.7%below the sector's middle half▼ 64.6pp16.5%above the sector's middle half▲ 56.2pp
Staff (FTE)0.6-0.7below the sector's middle half▲ 16.7%1.6▲ 129%1.8▲ 12.5%1.7▼ 5.6%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €584,321
Fixed assets
€107,637 ▼ 19.7%
Current assets
€476,684 ▲ 58.0%
Equity and liabilities €584,321
Equity
€60,902
Debt
€523,418
Debt finances 89.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€123,974▲
2022 · -€152,760
Cash flow
€123,468▲
2022 · -€140,615
Quick ratio
1.23▲
2022 · 0.83
Debt to equity
8.59
ROE
158.4%
Interest coverage
14.59▲
2022 · -17.33
Debt ≤ 1 year
€374,434▲
2022 · €289,860
Debt > 1 year
€148,984▼
2022 · €181,423
Staff costs
€67,331▼
2022 · €93,936
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €74,164 | €93,936 | €67,331 | ▼ 28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,932 | €31,444 | €31,951 | €32,395 | €27,011 | ▼ 16.6% |
| Other operating charges640/8 | - | - | €6,078 | €6,935 | €709 | ▼ 89.8% |
| Gross operating margin9900 | -€21,853 | €97,450 | €260,327 | -€51,889 | €192,014 | - |
| Operating profit (loss)9901 | -€137,453 | €29,377 | €148,133 | -€185,155 | €96,963 | - |
| Financial income75/76B | - | - | €26,787 | €21,091 | €7,993 | ▼ 62.1% |
| Recurring financial income75 | €1,782 | €22,615 | €26,787 | €21,091 | €7,993 | ▼ 62.1% |
| Financial charges65/66B | - | - | €11,439 | €8,813 | €8,499 | ▼ 3.6% |
| Recurring financial charges65 | €25,993 | €11,993 | €11,439 | €8,813 | €8,499 | ▼ 3.6% |
| Profit (loss) for the period before taxes9903 | -€161,664 | €39,999 | €163,481 | -€172,878 | €96,457 | - |
| Income taxes67/77 | €432 | €104 | €3,823 | €133 | - | - |
| Profit (loss) for the period9904 | -€162,096 | €39,895 | €159,657 | -€173,011 | €96,457 | - |
| Profit (loss) for the period to be appropriated9905 | -€162,418 | €39,895 | €159,657 | -€173,011 | €96,457 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €292,637 | €345,011 | €640,489 | €435,728 | €584,321 | ▲ 34.1% |
| Fixed assets21/28 | €209,845 | €193,720 | €164,770 | €134,042 | €107,637 | ▼ 19.7% |
| Intangible fixed assets21 | €13,800 | €9,200 | €4,600 | - | - | - |
| Tangible fixed assets22/27 | €183,445 | €159,320 | €134,663 | €108,535 | €82,130 | ▼ 24.3% |
| Plant, machinery and equipment23 | - | - | €10,732 | €9,779 | €7,321 | ▼ 25.1% |
| Furniture and vehicles24 | - | - | €3,400 | €2,331 | €2,490 | ▲ 6.8% |
| Other tangible fixed assets26 | - | - | €120,531 | €96,425 | €72,319 | ▼ 25.0% |
| Financial fixed assets28 | €12,600 | €25,200 | €25,507 | €25,507 | €25,507 | = |
| Current assets29/58 | €82,791 | €151,292 | €475,719 | €301,685 | €476,684 | ▲ 58.0% |
| Stocks and contracts in progress3 | €6,258 | €22,249 | €65,900 | €62,038 | €15,851 | ▼ 74.5% |
| Stocks30/36 | - | - | €65,900 | €62,038 | €15,851 | ▼ 74.5% |
| Amounts receivable within one year40/41 | €76,022 | €28,670 | €316,724 | €226,974 | €455,342 | ▲ 101% |
| Trade receivables40 | - | - | €289,096 | €211,190 | €440,811 | ▲ 109% |
| Other amounts receivable41 | - | - | €27,628 | €15,783 | €14,531 | ▼ 7.9% |
| Cash at bank and in hand54/58 | €511 | €100,373 | €90,707 | €10,460 | €5,466 | ▼ 47.7% |
| Deferred charges and accrued income490/1 | - | - | €2,388 | €2,214 | €25 | ▼ 98.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €292,637 | €345,011 | €640,489 | €435,728 | €584,321 | ▲ 34.1% |
| Equity10/15 | -€62,096 | -€22,201 | €137,456 | -€35,555 | €60,902 | - |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | €100,000 | €100,000 | - | - |
| Issued capital100 | - | - | €100,000 | €100,000 | - | - |
| Reserves13 | €321 | €321 | €37,456 | €37,456 | €37,456 | = |
| Tax-exempt reserves132 | - | - | €321 | €321 | €321 | = |
| Distributable reserves133 | - | - | €37,135 | €37,135 | €37,135 | = |
| Profit (loss) carried forward14 | -€162,418 | -€122,522 | - | -€173,011 | -€76,554 | ▲ 55.8% |
| Amounts payable17/49 | €354,733 | €367,212 | €503,033 | €471,282 | €523,418 | ▲ 11.1% |
| Amounts payable after more than one year17 | €258,479 | €228,332 | €212,924 | €181,423 | €148,984 | ▼ 17.9% |
| Financial debts170/4 | - | - | €212,924 | €181,423 | €148,984 | ▼ 17.9% |
| Amounts payable within one year42/48 | €96,255 | €138,880 | €290,108 | €289,860 | €374,434 | ▲ 29.2% |
| Current portion of amounts payable after more than one year42 | - | - | €37,092 | €38,002 | €38,939 | ▲ 2.5% |
| Financial debts43 | - | - | €3 | €20 | €24,835 | ▲ 1,273× |
| Credit institutions430/8 | - | - | €3 | €20 | €24,835 | ▲ 1,273× |
| Trade debts44 | €7,925 | €34,983 | €181,249 | €136,049 | €144,526 | ▲ 6.2% |
| Suppliers440/4 | - | - | €181,249 | €136,049 | €144,526 | ▲ 6.2% |
| Taxes, remuneration and social security45 | - | - | €49,197 | €30,528 | €26,827 | ▼ 12.1% |
| Taxes450/3 | - | - | €36,336 | €19,196 | €13,902 | ▼ 27.6% |
| Remuneration and social security454/9 | - | - | €12,861 | €11,332 | €12,925 | ▲ 14.1% |
| Other amounts payable47/48 | - | - | €22,568 | €85,261 | €139,308 | ▲ 63.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€162,096 | €39,895 | €159,657 | -€173,011 | €96,457 | - |
| + Depreciation and write-downs630 | €61,932 | €31,444 | €31,951 | €32,395 | €27,011 | ▼ 16.6% |
| Operating cash flow (approximation) | -€100,164 | €71,340 | €191,608 | -€140,615 | €123,468 | - |
| Investment in fixed assets (approximation) | - | -€15,318 | -€3,001 | -€1,668 | -€605 | ▲ 63.7% |
| Change in cash | - | €99,863 | -€9,667 | -€80,247 | -€4,994 | ▲ 93.8% |
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 (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 24-03-2025 | 2025-00052710 |
| 31-12-2022 | micro format | 29-12-2023 | 2023-00539364 |
| 31-12-2021 | micro format | 30-12-2022 | 2023-20551563 |
| 31-12-2020 | micro format | 08-12-2021 | 2021-79800030 |
| 31-12-2019 | micro format | 31-12-2020 | 2020-77900279 |
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Of the 2,561 active companies whose main activity is retail sale of household furniture (NACE 47551), figures are known for 1,723. 1,246 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: 1 of 3 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Thomas Debaene Koninklijke Laan 60, 2600 Berchem (Antwerpen) |
15-05-2025 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
21-05
Bankruptcy
Opening
Enterprise Court of Antwerp, Antwerp division · judgment of 15-05-2025
24-03
NBB filing
Annual accounts filed
financial year 2023 · micro format · 236 days late
2024
21-10
Gazette deed
Registered officeRegistered-office move2 facts ▸
Gazette deed
Registered office
Registered-office move2 facts ▸
- Board meeting, 17-06-2024
- Registered-office move, Nijverheidsstraat 70,2160 Wommelgem
2023
31-12
Financial
Back to profitnet €96,457
Net result €96,457 after one loss-making year.
29-12
NBB filing
Annual accounts filed
financial year 2022 · micro format · 151 days late
2022
31-12
Financial
Weakest financial yearnet -€173,011
Net result drops to -€173,011, the lowest in the series.
30-12
NBB filing
Annual accounts filed
financial year 2021 · micro format · 152 days late
2021
31-12
Financial
Highest result from 2019 to 2023net €159,657 ▲300%
Operating result €148,133, net result €159,657, both a record.
31-12
Financial
Equity above €100,000equity €137,456
2 profitable years in a row build equity to €137,456.
08-12
NBB filing
Annual accounts filed
financial year 2020 · micro format · 130 days late
2020
31-12
Financial
Back to profitnet €39,895
Net result €39,895 after one loss-making year.
31-12
NBB filing
Annual accounts filed
financial year 2019 · micro format · 153 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 3 deeds read
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not 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)
Founded15-01-2018
Financial year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
Contact
E-mail
ehsan@tofangsaz.com
Phone
0483737271
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687946863
Also
9925:BE0687946863
Registered
24-11-2023
The company is no longer active; its listing in the Peppol Directory can remain until its access point withdraws it.
Register as of 26 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, Wommelgem · 1 establishment unit since 2018
Ground area
1.4 ha
Building footprint
4,955 m²
Building volume
25,507 m³
2 parcels, Flanders · tallest building 14.7 m. Linked by address, not a title deed.
281
companies at this address
See who is registered here
1 establishment unit
3eQual
since 2018unit no. 2.271.747.720
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11052C0585/00T002 | Flanders | 1.0 ha | 1 · 2,288 m² | 14.7 m · 4 |
| 11001B0343/00T004 | Flanders | 3,791 m² | 1 · 2,667 m² | - |
How the parcels are linked
Good to know
Both parcels match the address exactly.