ABSAVA
Open bankruptcyA bankruptcy procedure is open for ABSAVA according to publications in the Belgian State Gazette; curator: GREGORY WILKIN.
Summary
The 2021 annual accounts show equity of €92,703 and a net result of -€12,151.
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
- 9 March 2023
- Supervising judge
- Mario De Brie
- Official Gazette
- 15-03-2023 (pdf) ↗search the document for 2023/109960
Deadlines
- Provisional date payments stopped
- 9 March 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 30 March 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 8 April 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 5 May 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 9 March 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Gregory WilkinLange Lozanastraat 262, 2018 Antwerpen 1faillissement@mastermindlaw.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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
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.Creditor guide for this company
Embed in an article
Writing about this bankruptcy? Put the card of ABSAVA in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Signals
Three 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 31-12-2021 was due by 31-07-2022 and was filed on 05-10-2022, 66 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
66 d late
2020
88 d late
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 58 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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?Addresses Are there other customers at risk in your own list?List enrichment How is the Retail sale of cars and light vans (up to 3.5 tonnes) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Turnover
€1.0m▲ 16.6%
2020 · €888,728
EBIT margin
-0.5%▼ 27.0pp
2020 · 26.5%
Net result
-€12,151
2020 · €199,546
Working capital
€112,162▲ 46.2%
2020 · €76,725
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Turnover€570,908-€888,728▲ 55.7%€1.0m▲ 16.6%
Operating result-€112,462-€235,538-€4,776
Net result-€113,293-€199,546above the sector's middle half-€12,151below the sector's middle half
EBIT margin-19.7%-26.5%▲ 46.2pp-0.5%▼ 27.0pp
Equity-€94,693-€104,854within the sector's middle half€92,703within the sector's middle half▼ 11.6%
Total assets€105,549-€382,389above the sector's middle half▲ 262%€384,300above the sector's middle half▲ 0.5%
Debt€200,241-€277,535▲ 38.6%€291,597▲ 5.1%
Working capital-€2,846-€76,725within the sector's middle half€112,162above the sector's middle half▲ 46.2%
Solvency-89.7%-27.4%within the sector's middle half▲ 117.1pp24.1%within the sector's middle half▼ 3.3pp
Current ratio0.96-1.38within the sector's middle half▲ 0.421.55within the sector's middle half▲ 0.18
Return on assets (ROA)-107.3%-52.2%above the sector's middle half▲ 159.5pp-3.2%below the sector's middle half▼ 55.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €4,776 after €235,538 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €384,300
Fixed assets
€69,112 ▼ 31.8%
Current assets
€315,188 ▲ 12.2%
Equity and liabilities €384,300
Equity
€92,703 ▼ 11.6%
Debt
€291,597 ▲ 5.1%
Debt's share of the balance-sheet total rises from 72.6% to 75.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10,769▼
2020 · €252,120
Cash flow
€3,393▼
2020 · €216,128
Quick ratio
1.44▲
2020 · 1.38
Debt to equity
3.15▲
2020 · 0.70
ROE
-13.1%▼
2020 · 190.3%
Interest coverage
1.08
Debt ≤ 1 year
€203,026▼
2020 · €204,272
Debt > 1 year
€88,571▲
2020 · €73,263
Staff costs
€628,233
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Turnover70 | €570,908 | €888,728 | €1.0m | ▲ 16.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €436,348 | - |
| Remuneration, social security and pensions62 | - | - | €628,233 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,068 | €16,581 | €15,544 | ▼ 6.3% |
| Other operating charges640/8 | - | - | €32,382 | - |
| Gross operating margin9900 | €210,071 | €731,593 | €671,384 | ▼ 8.2% |
| Operating profit (loss)9901 | -€112,462 | €235,538 | -€4,776 | ▼ 102% |
| Financial income75/76B | - | - | €2,576 | - |
| Recurring financial income75 | €326 | €406 | €2,576 | ▲ 535% |
| Financial charges65/66B | - | - | €9,952 | - |
| Recurring financial charges65 | €1,157 | €7,516 | €9,952 | ▲ 32.4% |
| Profit (loss) for the period before taxes9903 | -€113,293 | €228,428 | -€12,151 | ▼ 105% |
| Income taxes67/77 | - | €28,882 | - | - |
| Profit (loss) for the period9904 | -€113,293 | €199,546 | -€12,151 | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | -€113,293 | €199,546 | -€12,151 | ▼ 106% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €105,549 | €382,389 | €384,300 | ▲ 0.5% |
| Fixed assets21/28 | €45,116 | €101,392 | €69,112 | ▼ 31.8% |
| Tangible fixed assets22/27 | €44,616 | €82,792 | €50,512 | ▼ 39.0% |
| Plant, machinery and equipment23 | - | - | €14,841 | - |
| Furniture and vehicles24 | - | - | €17,350 | - |
| Leasing and similar rights25 | - | - | €18,320 | - |
| Financial fixed assets28 | €500 | €18,600 | €18,600 | = |
| Current assets29/58 | €60,433 | €280,997 | €315,188 | ▲ 12.2% |
| Stocks and contracts in progress3 | - | - | €22,350 | - |
| Stocks30/36 | - | - | €22,350 | - |
| Amounts receivable within one year40/41 | €56,666 | €254,396 | €216,023 | ▼ 15.1% |
| Trade receivables40 | - | - | €130,946 | - |
| Other amounts receivable41 | - | - | €85,077 | - |
| Cash at bank and in hand54/58 | €3,766 | €26,602 | €76,815 | ▲ 189% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €105,549 | €382,389 | €384,300 | ▲ 0.5% |
| Equity10/15 | -€94,693 | €104,854 | €92,703 | ▼ 11.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - |
| Issued capital100 | - | - | €18,600 | - |
| Reserves13 | - | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | - |
| Legal reserve130 | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€113,293 | €84,394 | €72,243 | ▼ 14.4% |
| Amounts payable17/49 | €200,241 | €277,535 | €291,597 | ▲ 5.1% |
| Amounts payable after more than one year17 | €136,962 | €73,263 | €88,571 | ▲ 20.9% |
| Financial debts170/4 | - | - | €88,571 | - |
| Amounts payable within one year42/48 | €63,279 | €204,272 | €203,026 | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | €43,211 | - |
| Trade debts44 | €5,116 | €40,971 | €89,296 | ▲ 118% |
| Suppliers440/4 | - | - | €89,296 | - |
| Taxes, remuneration and social security45 | - | - | €70,494 | - |
| Taxes450/3 | - | - | €68,157 | - |
| Remuneration and social security454/9 | - | - | €2,337 | - |
| Other amounts payable47/48 | - | - | €25 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€113,293 | €199,546 | -€12,151 | ▼ 106% |
| + Depreciation and write-downs630 | €26,068 | €16,581 | €15,544 | ▼ 6.3% |
| Operating cash flow (approximation) | -€87,225 | €216,128 | €3,393 | ▼ 98.4% |
| Investment in fixed assets (approximation) | - | -€72,857 | €16,736 | ▲ 123% |
| Change in cash | - | €22,835 | €50,213 | ▲ 120% |
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
2023
15-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 09-03-2023
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Back to profitnet €199,546
Net result €199,546 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €104,854
Equity rises from -€94,693 to €104,854.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Aartselaar · 1 establishment unit since 2018
Ground area
695 m²
Building footprint
601 m²
Volume, LiDAR
4,140 m³
Parcel 11001B0011/00F003, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ASC – Aartselaar Service Center
since 20182.274.816.779
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0011/00F003 | Flanders | 695 m² | 1 · 601 m² | 11.2 m · 2 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 | GREGORY WILKIN LANGE LOZANASTRAAT 262,
2018 ANTWERPEN 1 |
09-03-2023 → present |
Similar companies · same sector, comparable size
BC SERVICES
BE 1011.388.811
Modave · Eq €92,762
RZK CAR STORE
BE 0716.914.231
Châtelet · Eq €92,641
SB AUTOMOBILE
BE 0741.487.596
Wanze · Eq €92,612
GARAGE WEYTEN
BE 0404.327.573
Antwerpen · Eq €92,825
VAG AUTO PARTS
BE 0632.745.846
Fléron · Eq €92,900
Of 10,663 companies in sector 47811 we hold annual accounts for 5,225. 3,622 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)
Founded10-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
25110Manufacture of metal structures and parts of structures
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
49410Freight transport by road
52249Warehousing and support activities for transportation
53200Other postal and courier activities
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.