AD STORE
Open bankruptcyA bankruptcy procedure is open for AD STORE according to publications in the Belgian State Gazette; curator: MARC GILSON.
Summary
The 2023 annual accounts show equity of €14,532 and a net result of -€48,495.
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 Liège, Liège division
- Declared bankrupt
- 14 October 2024
- Supervising judge
- Jean-Christophe Massart
- Official Gazette
- 21-10-2024 (pdf) ↗search the document for 2024/139928
Deadlines
- Appeal or third-party opposition until
- passed on 5 November 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 13 November 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 28 November 2024Goods 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 14 October 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Marc GilsonAvenue De Spa 5, 4800 Verviersgilson.marc@skynet.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
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-07-2024, 30 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d early
2022
6 d early
2021
13 d early
2020
1 d early
2019
123 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 clothing and accessories for women, men, children and babies (general range) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€14,532▼ 76.9%
2022 · €63,027
Total assets
€242,200▼ 5.3%
2022 · €255,830
Net result
-€48,495▼ 50.3%
2022 · -€32,267
Working capital
€13,713▼ 77.3%
2022 · €60,500
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
Line20192020202120222023
Operating result€12,242▼ 74.9%€56,553▲ 362%-€13,568-€25,215▼ 85.8%-€42,997▼ 70.5%
Net result€7,264▼ 69.2%€37,099above the sector's middle half▲ 411%-€5,373below the sector's middle half-€32,267below the sector's middle half▼ 501%-€48,495below the sector's middle half▼ 50.3%
Equity€77,560▲ 10.3%€114,660above the sector's middle half▲ 47.8%€95,294within the sector's middle half▼ 16.9%€63,027within the sector's middle half▼ 33.9%€14,532within the sector's middle half▼ 76.9%
Total assets€160,403▲ 38.4%€183,439within the sector's middle half▲ 14.4%€230,342within the sector's middle half▲ 25.6%€255,830within the sector's middle half▲ 11.1%€242,200within the sector's middle half▼ 5.3%
Debt€82,842▲ 81.6%€68,779▼ 17.0%€135,047▲ 96.3%€192,803▲ 42.8%€227,668▲ 18.1%
Working capital€77,160▲ 10.4%€114,260▲ 48.1%€91,422▼ 20.0%€60,500▼ 33.8%€13,713▼ 77.3%
Solvency48.4%▼ 12.3pp62.5%above the sector's middle half▲ 14.2pp41.4%within the sector's middle half▼ 21.1pp24.6%within the sector's middle half▼ 16.7pp6.0%within the sector's middle half▼ 18.6pp
Staff (FTE)8.7▼ 8.4%15above the sector's middle half▲ 72.4%19.9▲ 32.7%23.6▲ 18.6%8.6▼ 63.6%
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 stays negative: a loss of €42,997 in 2023 against €25,215 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 €242,200
Fixed assets
€819 ▼ 67.6%
Current assets
€241,381 ▼ 4.7%
Equity and liabilities €242,200
Equity
€14,532 ▼ 76.9%
Debt
€227,668 ▲ 18.1%
Debt's share of the balance-sheet total rises from 75.4% to 94.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€41,289▼
2022 · -€23,507
Cash flow
-€46,787▼
2022 · -€30,559
Current ratio
1.06▼
2022 · 1.31
Debt to equity
15.67▲
2022 · 3.06
ROE
-333.7%▼
2022 · -51.2%
ROA
-20.0%▼
2022 · -12.6%
Interest coverage
-8.60▲
2022 · -10.79
Debt ≤ 1 year
€227,668▲
2022 · €192,803
Income taxes
€415▼
2022 · €493
Staff costs
€650,319▼
2022 · €723,788
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 | - | - | €507,522 | €723,788 | €650,319 | ▼ 10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,652 | €1,708 | €1,708 | = |
| Other operating charges640/8 | - | - | €1,824 | €913 | €6,197 | ▲ 579% |
| Gross operating margin9900 | €217,287 | €308,764 | €497,430 | €701,194 | €615,227 | ▼ 12.3% |
| Operating profit (loss)9901 | €12,242 | €56,553 | -€13,568 | -€25,215 | -€42,997 | ▼ 70.5% |
| Financial income75/76B | - | - | €13,053 | €297 | €264 | ▼ 11.3% |
| Recurring financial income75 | €0 | - | €13,053 | €6 | €1 | ▼ 79.5% |
| Non-recurring financial income76B | - | - | €13,053 | €291 | €262 | ▼ 9.9% |
| Financial charges65/66B | - | - | €4,364 | €6,856 | €5,346 | ▼ 22.0% |
| Recurring financial charges65 | €630 | €1,430 | €1,400 | €2,178 | €4,800 | ▲ 120% |
| Non-recurring financial charges66B | - | - | €2,964 | €4,678 | €547 | ▼ 88.3% |
| Profit (loss) for the period before taxes9903 | €11,613 | €55,122 | -€4,879 | -€31,774 | -€48,080 | ▼ 51.3% |
| Income taxes67/77 | €4,349 | €18,023 | €495 | €493 | €415 | ▼ 15.8% |
| Profit (loss) for the period9904 | €7,264 | €37,099 | -€5,373 | -€32,267 | -€48,495 | ▼ 50.3% |
| Profit (loss) for the period to be appropriated9905 | €7,264 | €37,099 | -€5,373 | -€32,267 | -€48,495 | ▼ 50.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €160,403 | €183,439 | €230,342 | €255,830 | €242,200 | ▼ 5.3% |
| Fixed assets21/28 | €400 | €400 | €3,872 | €2,527 | €819 | ▼ 67.6% |
| Tangible fixed assets22/27 | - | - | €3,472 | €1,764 | €56 | ▼ 96.8% |
| Furniture and vehicles24 | - | - | €3,472 | €1,764 | €56 | ▼ 96.8% |
| Other tangible fixed assets26 | - | - | - | €0 | €0 | - |
| Financial fixed assets28 | €400 | €400 | €400 | €763 | €763 | = |
| Current assets29/58 | €160,003 | €183,039 | €226,470 | €253,303 | €241,381 | ▼ 4.7% |
| Amounts receivable within one year40/41 | €115,257 | €157,732 | €206,511 | €234,105 | €217,954 | ▼ 6.9% |
| Trade receivables40 | - | - | €53,119 | €73,126 | €62,235 | ▼ 14.9% |
| Other amounts receivable41 | - | - | €153,392 | €160,979 | €155,719 | ▼ 3.3% |
| Cash at bank and in hand54/58 | €42,276 | €19,435 | €15,820 | €16,764 | €21,649 | ▲ 29.1% |
| Deferred charges and accrued income490/1 | - | - | €4,139 | €2,434 | €1,778 | ▼ 26.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €160,403 | €183,439 | €230,342 | €255,830 | €242,200 | ▼ 5.3% |
| Equity10/15 | €77,560 | €114,660 | €95,294 | €63,027 | €14,532 | ▼ 76.9% |
| Contributions10/11 | €18,550 | - | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €59,010 | €96,110 | €82,118 | €82,118 | €82,118 | = |
| Non-distributable reserves130/1 | - | - | €1,855 | €1,855 | €10 | ▼ 99.5% |
| Reserves not available under the articles1311 | - | - | €1,855 | €1,855 | €10 | ▼ 99.5% |
| Distributable reserves133 | - | - | €80,263 | €80,263 | €82,108 | ▲ 2.3% |
| Profit (loss) carried forward14 | - | - | -€5,373 | -€37,641 | -€86,136 | ▼ 129% |
| Amounts payable17/49 | €82,842 | €68,779 | €135,047 | €192,803 | €227,668 | ▲ 18.1% |
| Amounts payable within one year42/48 | €82,842 | €68,779 | €135,047 | €192,803 | €227,668 | ▲ 18.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €46,855 | - |
| Trade debts44 | €6,608 | €636 | €33,497 | €66,544 | €73,349 | ▲ 10.2% |
| Suppliers440/4 | - | - | €33,497 | €66,544 | €73,349 | ▲ 10.2% |
| Taxes, remuneration and social security45 | - | - | €87,558 | €126,259 | €107,464 | ▼ 14.9% |
| Taxes450/3 | - | - | €51,505 | €45,370 | €45,191 | ▼ 0.4% |
| Remuneration and social security454/9 | - | - | €36,054 | €80,888 | €62,273 | ▼ 23.0% |
| Other amounts payable47/48 | - | - | €13,992 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,264 | €37,099 | -€5,373 | -€32,267 | -€48,495 | ▼ 50.3% |
| + Depreciation and write-downs630 | - | - | €1,652 | €1,708 | €1,708 | = |
| Operating cash flow (approximation) | €7,264 | €37,099 | -€3,722 | -€30,559 | -€46,787 | ▼ 53.1% |
| Investment in fixed assets (approximation) | - | €0 | -€5,124 | -€363 | €0 | ▲ 100% |
| Change in cash | - | -€22,841 | -€3,616 | €944 | €4,885 | ▲ 417% |
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
2024
21-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 14-10-2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€48,495
Net result drops to -€48,495, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €37,099 ▲411%
Operating result €56,553, net result €37,099, both a record.
31-12
Financial
Equity above €100,000Eq €114,660 ▲47.8%
3 profitable years in a row build equity to €114,660.
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Theux · 1 establishment unit since 2015
Ground area
955 m²
Building footprint
80 m²
Parcel 63060A0172/00G004, Wallonia. Linked by address, not a title deed.
1 establishment unit
JBC
since 20152.241.424.035
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63060A0172/00G004 | Wallonia | 955 m² | 1 · 80 m² | - |
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 | MARC GILSON AVENUE DE SPA 5, 4800 VERVIERS- |
14-10-2024 → present |
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,439. 1,438 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
Founded04-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47715Retail trade
47721Retail sale of footwear
47722Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0832416485
Registered
05-10-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.