ADDAX MOTORS
A bankruptcy procedure is open for ADDAX MOTORS according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €62k and a net result of €-4.86M.
| Equity | €62k |
| Net result | €-4.86M |
| Staff (FTE) | 35.8 |
| Better than sector | 16% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 0.6% | 20.8% | |
| Net result | €-4.86M | €868 | |
| Equity | €62k | €71k | |
| Gross operating margin | €-247k | €34k | |
| Staff costs | €2.89M | €194k |
Show 12 other metrics
| Fiscal year | 2023 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-3.92M |
| Net profit | €-4.86M |
| Cash flow | €-4.33M |
| Staff costs | €2.89M |
| Income taxes | €4k |
| Dividends | - |
| Total assets | €9.89M |
| Equity | €62k |
| Debt | €9.34M |
| of which ≤ 1y | €4.92M |
| of which > 1y | €4.37M |
| Working capital | €2.73M |
| Employees (FTE) | 35.8 |
| 2023 | |
|---|---|
| Current ratio | 1.55 |
| Quick ratio | 0.89 |
| Working capital ratio | 27.6% |
| Solvency | 0.6% |
| Debt / equity | 149.84 |
| Long-term debt ratio | 70.18 |
| Interest coverage | -9.50 |
| Gross margin | - |
| Net margin | - |
| ROA | -49.1% |
| ROE | -7787.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (28 line items)
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €9.89M |
| Fixed assets | 21/28 | €2.24M |
| Formation expenses | 20 | €0 |
| Intangible fixed assets | 21 | €1.68M |
| Tangible fixed assets | 22/27 | €494k |
| Financial fixed assets | 28 | €61k |
| Current assets | 29/58 | €7.65M |
| Stocks & contracts in progress | 3 | €3.25M |
| Amounts receivable within one year | 40/41 | €1.82M |
| Cash & bank | 54/58 | €2.52M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €9.89M |
| Equity | 10/15 | €62k |
| Contributions / capital | 10/11 | €15.87M |
| Reserves | 13 | €1k |
| Accumulated profits (losses) | 14 | €-15.81M |
| Provisions & deferred taxes | 16 | €482k |
| Amounts payable | 17/49 | €9.34M |
| Amounts payable after one year | 17 | €4.37M |
| Amounts payable within one year | 42/48 | €4.92M |
| Trade debts payable within one year | 44 | €2.89M |
| Income statement | ||
| Gross operating margin | 9900 | €-247k |
| Operating result | 9901 | €-4.44M |
| Financial income | 75 | €542 |
| Financial charges | 65 | €412k |
| Result before taxes | 9903 | €-4.85M |
| Income taxes | 67/77 | €4k |
| Net result for the period | 9904 | €-4.86M |
| Result to be appropriated | 9905 | €-4.86M |
-
Joris NoreillieCfoState Gazette act 25034625 (12-03-2025)Current12-03-2025 → present
-
Koen VerhellenCeoState Gazette act 25034625 (12-03-2025)Current12-03-2025 → present
-
Ramon ReyntiensB bestuurderState Gazette act 25013567 (27-01-2025)Current27-01-2025 → present
-
BV JiGiLegal entityDirectorState Gazette act 24325175 (15-01-2024)Current15-01-2024 → present
-
BV SOLYDELegal entityDirectorState Gazette act 24325175 (15-01-2024)Current15-01-2024 → present
-
De heer FERON Dorian FrançoisDirectorState Gazette act 24325175 (15-01-2024)Current15-01-2024 → present
Show 3 more sitting directors
-
NV HUDICOLegal entityOnafhankelijk bestuurderState Gazette act 22042669 (01-04-2022)Current01-04-2022 → present
-
Jérôme LefebvreDirectorState Gazette act 20360004 (09-12-2020)Current09-12-2020 → present
-
Leon CappaertDirectorState Gazette act 20360004 (09-12-2020)Current09-12-2020 → present
Historic, not recently confirmed (2)
-
BVBA SOLYDELegal entityGedelegeerd bestuurderState Gazette act 17129921 (12-09-2017)Not recently confirmedlast confirmed in an act from 2017
2 events
- 12-09-2017 Appointed· Gedelegeerd bestuurder
- 14-09-2016 Appointed· Director
-
Baudouin MeyhuiDirectorState Gazette act 16127404 (14-09-2016)Not recently confirmedlast confirmed in an act from 2016
Permanent representatives (4)
-
Didier t'SerstevensVaste vertegenwoordigerState Gazette act 22042669 (01-04-2022)Permanent representative01-04-2022 → present
-
Joseph-Michel BoesVaste vertegenwoordiger commissarisState Gazette act 15178250 (22-12-2015)Permanent representative22-12-2015 → present
-
Jurgen LelieVaste vertegenwoordiger commissarisState Gazette act 19129440 (30-09-2019)Permanent representative22-12-2015 → present
2 events
- 30-09-2019 Appointed· Vaste vertegenwoordiger commissaris
- 22-12-2015 Appointed· Vaste vertegenwoordiger commissaris
-
Patrick CarretteVaste vertegenwoordiger van comm. va socartrustState Gazette act 18107151 (10-07-2018)Permanent representative- → 10-07-2018
Former directors (8)
-
Antoinette ReyntiensDirectorState Gazette act 20360004 (09-12-2020)Former09-12-2020 → 27-01-2025
2 events
- 27-01-2025 Resigned· B bestuurder
- 09-12-2020 Appointed· Director
-
Daniel KedzierskiGedelegeerd bestuurder (vertegenwoordiger bv solyde)State Gazette act 25013567 (27-01-2025)Former- → 27-01-2025
-
Jean-Charles CarretteGedelegeerd bestuurder (vertegenwoordiger bv jigi)State Gazette act 25013567 (27-01-2025)Former- → 27-01-2025
-
De heer CAPPAERT LeonDirectorState Gazette act 24325175 (15-01-2024)Former- → 15-01-2024
-
Baudouin Valère Gustave José MeyhuiDirectorState Gazette act 20360004 (09-12-2020)Former- → 09-12-2020
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| BV VGD BEDRIJFSREVISORENCurrent Statutory auditor |
- | 31-05-2023 → present |
Show 3 earlier auditors
| BOES & C°, BEDRIJFSREVISOREN Statutory auditor succeeded by Jurgen Lelie in 2017 |
- | 22-12-2015 → 12-09-2017 |
| Jurgen Lelie Statutory auditor succeeded by VGD Bedrijfsrevisoren in 2019 |
- | 12-09-2017 → 30-09-2019 |
| VGD Bedrijfsrevisoren Statutory auditor succeeded by BV VGD BEDRIJFSREVISOREN in 2023 |
- | 30-09-2019 → 31-05-2023 |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | VIRGINIE BAILLEUL PRINSESSESTRAAT 103,
8870 IZEGEM |
03-06-2025 → present | Belgian State Gazette |
| Curator | MAARTEN VINCKIER HOOGLEEDSESTEENWEG 7, 8800 ROESELARE- |
03-06-2025 → present | Belgian State Gazette |
| NACE primary | Vervaardiging van motorvoertuigen(29100) |
| Legal form | Public limited company(014) |
| Incorporation | 15-09-2015 |
| Status | Active |
| Postal code | 8540 |
| First BS signal | 10-06-2025 |
| Latest BS signal | 10-06-2025 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34392C0350/00Y002 | Flanders | 1.4 ha | 1 · 4,864 m² | 8.6 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 17 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
12-03-2025 2 directors appointed
- Koen Verhellen, Ceo
- Joris Noreillie, Cfo
Technical details
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}27-01-2025 1 director appointed, 3 resigning
- Ramon Reyntiens, B bestuurder
- Antoinette Reyntiens, B bestuurder
- Jean-Charles Carrette, Gedelegeerd bestuurder (vertegenwoordiger bv jigi)
- Daniel Kedzierski, Gedelegeerd bestuurder (vertegenwoordiger bv solyde)
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- De heer FERON Dorian François, Bestuurder
- BV JiGi, Bestuurder
- BV SOLYDE, Bestuurder
- De heer CAPPAERT Leon, Bestuurder
Technical details
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}31-05-2023 BV VGD BEDRIJFSREVISOREN appointed as statutory auditor
- BV VGD BEDRIJFSREVISOREN, Commissaris
Technical details
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}01-04-2022 2 directors appointed
- NV HUDICO, Onafhankelijk bestuurder
- Didier t'Serstevens, Vaste vertegenwoordiger
Technical details
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}09-12-2020 3 directors appointed, 2 resigning
- Jérôme Lefebvre, Bestuurder
- Antoinette Reyntiens, Bestuurder
- Leon Cappaert, Bestuurder
- Jérôme Jean François Lefebvre, Bestuurder
- Baudouin Valère Gustave José Meyhui, Bestuurder
Technical details
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}15-01-2020 Articles of association amended
Technical details
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}30-09-2019 2 directors appointed
- VGD Bedrijfsrevisoren, Commissaris
- Jurgen Lelie, Vaste vertegenwoordiger commissaris
Technical details
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}19-06-2019 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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"act_date": "2019-06-12",
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"restructuring": {
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"name": "ADDAX MOTORS",
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"address": "Kleine Tapuitstraat 18, 8540 Deerlijk",
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"is_new_company": false,
"jurisdiction_country": null
}
],
"exchange_ratio": null,
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"is_silent_merger": false,
"balance_basis_date": null,
"exchange_ratio_text": null,
"new_shares_issued_n": 3000,
"real_estate_included": false,
"patrimony_description": "De kapitaalverhoging gaat gepaard met een inbreng in geld van \u20AC3.000.000,00 door bestaande aandeelhouders. Het maatschappelijk kapitaal wordt verhoogd van \u20AC3.510.000,00 naar \u20AC6.510.000,00.",
"equity_transferred_eur": null,
"accounting_effective_date": null
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"summary_narrative": "De buitengewone algemene vergadering van de aandeelhouders van ADDAX MOTORS besloot een kapitaalverhoging van \u20AC3.000.000,00 door inbreng in geld. De nieuwe aandelen werden volledig volstort via storting bij BNP Paribas Fortis. Het kapitaal bedraagt nu \u20AC6.510.000,00, vertegenwoordigd door 6.510 aandelen zonder nominale waarde. De statuten werden aangepast en de bestuurders kregen volmacht om de noodzakelijke formaliteiten uit te voeren.",
"co_filed_documents": [],
"detected_real_type": "other",
"referenced_correction": null,
"should_reroute_to_category": "capital_shares"
}09-01-2019 Capital increase of €2,010,000 to €3,510,000
- €1.500.000 → €3.510.000
- Inbreng in geld · Apport en numéraire
Technical details
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}10-07-2018 Registered office moved from Kuurne to Deerlijk
- Brugsesteenweg 73, 8520 Kuurne Gent, aid. KORTRIJK → Kleine Tapuitstraat 18, 8540 Deerlijk
Technical details
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"postcode": "8540",
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"statute_clause_text": "Onverminderd de volmachten verleend aan het directiecomit\u00E9 of aan gevolmachtigden krachtens artikel 17 en 18 der statuten wordt de vennootschap rechtsgeldig vertegenwoordigd in de handelingen en in rechte door: - hetzij twee bestuurders die gezamenlijk optreden; - hetzij de gedelegeerd bestuurder die alleen kan optreden (binnen de grenzen van dagelijk bestuur).",
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"notary": {
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"act_meta": {
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"co_filed_documents": [
"Notulen bijzondere algemene vergadering",
"Notulen raad van bestuur",
"Akte van verlenging mandaten gedelegeerde bestuurders",
"Akte van zetelverplaatsing"
]
}18-01-2018 Capital increase of €500,000 to €1,500,000
- €1.000.000 → €1.500.000
- Inbreng in geld · Apport en numéraire
Technical details
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}12-09-2017 2 directors appointed
- Jurgen Lelie, Commissaris
- BVBA SOLYDE, Gedelegeerd bestuurder
Technical details
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}31-01-2017 Capital increase of €500,000 to €1,000,000
- €500.000 → €1.000.000
- Inbreng in geld · Apport en numéraire
Technical details
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}14-09-2016 3 directors appointed, 1 resigning
- Baudouin Meyhui, Bestuurder
- Comm. VA SOCARTRUST, Bestuurder
- BVBA SOLYDE, Bestuurder
- Patrick Carrette, Bestuurder
Technical details
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}22-12-2015 3 directors appointed
- BOES & C°, BEDRIJFSREVISOREN, Commissaris
- Jurgen Lelie, Vaste vertegenwoordiger commissaris
- Joseph-Michel Boes, Vaste vertegenwoordiger commissaris
Technical details
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}17-09-2015 Incorporation of a new NV
Technical details
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]
}| Legal nameNL | ADDAX MOTORS |
| AbbreviationNL | ADDAX |