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4 Power

Open bankruptcy
Private limited companyfounded 2008Antwerpsesteenweg 124, 2630 Aartselaar, BelgiumKBO/BCE: BE 0806.310.718

A bankruptcy procedure is open for 4 Power according to publications in the Belgian State Gazette; curator: GREGORY WILKIN.

Summary

The 2023 annual accounts show negative equity (-€58,274) and a net result of -€3,414.

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 Antwerp, Antwerp division
Declared bankrupt
28 March 2024
Supervising judge
Peter Verdeyen
Official Gazette
04-04-2024 (pdf) ↗search the document for 2024/113909

Curator

  • Gregory WilkinLange Lozanastraat 262, 2018 Antwerpen 1faillissement@mastermindlaw.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 01-02-2024, 1 day 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 · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
1 d late
2022
on the day
2021
on the day
2020
30 d late
2019
15 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 3 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 12 September 2008, 4 Power was incorporated.1 Total assets went from EUR 394,319 in 2019 to EUR 397,501 in 2023.2 The company was declared bankrupt on 28 March 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2023
  3. 3Belgian State Gazette, 04-04-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2023, micro schema

Equity
-€58,274▼ 6.2%
2022 · -€54,860
Total assets
€397,501▲ 0.8%
2022 · €394,469
Net result
-€3,414▼ 73.8%
2022 · -€1,965
Working capital
-€447,592▼ 0.8%
2022 · -€444,178
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
Line20192020202120222023
Operating result-€7,000--€3,517-€1,816▲ 48.4%-€1,448▲ 20.3%
Net result-€15,336-€9,715-€3,544-€1,965▲ 44.6%-€3,414▼ 73.8%
Equity-€59,067--€49,352▲ 16.4%-€52,896▼ 7.2%-€54,860▼ 3.7%-€58,274▼ 6.2%
Total assets€394,319-€394,322=€394,325=€394,469=€397,501▲ 0.8%
Debt€448,387-€438,674▼ 2.2%€442,221▲ 0.8%€444,329▲ 0.5%€450,775▲ 1.5%
Working capital-€148,050--€438,670▼ 196%-€442,213▼ 0.8%-€444,178▼ 0.4%-€447,592▼ 0.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2019: -€7,000-€7,000Net result 2019: -€15,336-€15,336Net result 2020: €9,715€9,715Operating result 2021: -€3,517-€3,517Net result 2021: -€3,544-€3,544Operating result 2022: -€1,816-€1,816Net result 2022: -€1,965-€1,965Operating result 2023: -€1,448-€1,448Net result 2023: -€3,414-€3,41420192020202120222023-€4,000-€3,000-€2,000-€1,000€0Operating result 2021: -€3,517-€3,520Net result 2021: -€3,544-€3,540Operating result 2022: -€1,816-€1,820Net result 2022: -€1,965-€1,960Operating result 2023: -€1,448-€1,450Net result 2023: -€3,414-€3,410202120222023
The operating result stays negative: a loss of €1,448 in 2023 against €1,816 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €397,501
Fixed assets €394,317 =
Current assets €3,183 ▲ 2,002%
Key figures and ratios
2023 value · change against 2022
Solvency
-14.7%▼
2022 · -13.9%
Current ratio
0.01▲
2022 · 0.00
Debt to equity
-7.74▲
2022 · -8.10
ROA
-0.9%▼
2022 · -0.5%
Debt ≤ 1 year
€450,775▲
2022 · €444,329
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 28 lines
Balance sheet Code20222023
Assets
Total assets20/58€394,469€397,501▲
Fixed assets21/28€394,317€394,317=
Intangible fixed assets21€394,317€394,317=
Current assets29/58€151€3,183▲
Cash at bank and in hand54/58€49€3,183▲
Deferred charges and accrued income490/1€102-
Equity and liabilities
Total equity and liabilities10/49€394,469€397,501▲
Equity10/15-€54,860-€58,274▼
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14-€154,860-€158,274▼
Provisions and deferred taxes16€5,000€5,000=
Provisions for liabilities and charges160/5€5,000€5,000=
Other liabilities and charges164/5€5,000€5,000=
Amounts payable17/49€444,329€450,775▲
Amounts payable within one year42/48€444,329€450,775▲
Trade debts44€203€1,549▲
Suppliers440/4€203€1,549▲
Other amounts payable47/48€444,126€449,226▲
Income statement Code20222023
Other operating charges640/8€499€450▼
Gross operating margin9900-€1,318-€998▲
Operating profit (loss)9901-€1,816-€1,448▲
Financial charges65/66B€148€1,966▲
Recurring financial charges65€148€1,966▲
Profit (loss) for the period before taxes9903-€1,965-€3,414▼
Profit (loss) for the period9904-€1,965-€3,414▼
Profit (loss) for the period to be appropriated9905-€1,965-€3,414▼
Appropriation of the result
Profit (loss) to be appropriated9906-€154,860-€158,274▼
Profit (loss) brought forward from the previous period14P-€152,896-€154,860▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Other operating charges640/8---€499€450▼ 9.8%
Gross operating margin9900-€1,500--€3,069-€1,318-€998▲ 24.2%
Operating profit (loss)9901-€7,000--€3,517-€1,816-€1,448▲ 20.3%
Recurring financial income75€1,910€9,987----
Financial charges65/66B---€148€1,966▲ 1,225%
Recurring financial charges65€10,247€272€27€148€1,966▲ 1,225%
Profit (loss) for the period before taxes9903-€15,336€9,715-€3,544-€1,965-€3,414▼ 73.8%
Profit (loss) for the period9904-€15,336€9,715-€3,544-€1,965-€3,414▼ 73.8%
Profit (loss) for the period to be appropriated9905-€15,336€9,715-€3,544-€1,965-€3,414▼ 73.8%
Line20192020202120222023Change
Assets
Total assets20/58€394,319€394,322€394,325€394,469€397,501▲ 0.8%
Fixed assets21/28€394,317€394,317€394,317€394,317€394,317=
Intangible fixed assets21€394,317€394,317€394,317€394,317€394,317=
Current assets29/58€2€5€8€151€3,183▲ 2,002%
Cash at bank and in hand54/58€2€5€8€49€3,183▲ 6,335%
Deferred charges and accrued income490/1---€102--
Equity and liabilities
Total equity and liabilities10/49€394,319€394,322€394,325€394,469€397,501▲ 0.8%
Equity10/15-€59,067-€49,352-€52,896-€54,860-€58,274▼ 6.2%
Contributions10/11€100,000€100,000-€100,000€100,000=
Profit (loss) carried forward14-€159,067-€149,352-€152,896-€154,860-€158,274▼ 2.2%
Provisions and deferred taxes16€5,000€5,000€5,000€5,000€5,000=
Provisions for liabilities and charges160/5---€5,000€5,000=
Other liabilities and charges164/5---€5,000€5,000=
Amounts payable17/49€448,387€438,674€442,221€444,329€450,775▲ 1.5%
Amounts payable after more than one year17€290,348-----
Amounts payable within one year42/48€148,052€438,674€442,221€444,329€450,775▲ 1.5%
Trade debts44€1,598-€1,174€203€1,549▲ 663%
Suppliers440/4---€203€1,549▲ 663%
Other amounts payable47/48---€444,126€449,226▲ 1.1%
Line20192020202120222023Change
Profit (loss) for the period9904-€15,336€9,715-€3,544-€1,965-€3,414▼ 73.8%
Operating cash flow (approximation)-€15,336€9,715-€3,544-€1,965-€3,414▼ 73.8%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€3€3€42€3,134▲ 7,433%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
04-04
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 28-03-2024
01-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
02-03
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-06
Financial Back to profitnet €9,715
Net result €9,715 after one loss-making year.
16-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
01-02
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
08-03
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 36 days late
2017
20-01
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-01
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
23-03
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 51 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 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, Aartselaar · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
1.1 ha
Building footprint
1,449 m²
Volume, LiDAR
14,828 m³
2 parcels, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
60 companies at this address See who is registered here
1 establishment unit
4 Power
Manufacture of machinery and equipment not elsewhere classified
since 20082.173.391.797
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11011D0016/00T000 Flanders 9,549 m² 1 · 604 m² 18.4 m · 5 fl.
11001B0009/00V005 Flanders 1,858 m² 1 · 844 m² 9.6 m · 2 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 GREGORY WILKIN
LANGE LOZANASTRAAT 262, 2018 ANTWERPEN 1
28-03-2024 → present

Identification & contact

Identification
Legal formPrivate limited company
Founded12-09-2008
Fiscal year end30-06

Scores and ratios are computed by Checked and are not a credit decision.