ADMINI-VER
Open bankruptcyA bankruptcy procedure is open for ADMINI-VER according to publications in the Belgian State Gazette; curator: ELLEN DE GEETER.
Summary
The 2023 annual accounts show equity of €4,251 and a net result of €13,502.
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 Ghent, Kortrijk division
- Declared bankrupt
- 6 January 2026
- Supervising judge
- Johan Veys
- Official Gazette
- 12-01-2026 (pdf) ↗search the document for 2026/100640
Deadlines
- Provisional date payments stopped
- 6 January 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 27 January 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 5 February 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 24 February 2026Goods 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
- 6 January 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Ellen De GeeterDoorniksewijk 134, 8500 Kort- Rijkinfo@ellendegeeter.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
Two signals.
+raises risk
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 Business and other management consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
€41,864▲ 26.7%
2022 · €33,035
EBIT margin
45.4%▲ 28.3pp
2022 · 17.2%
Net result
€13,502▲ 229%
2022 · €4,101
Working capital
€4,251▼ 64.3%
2022 · €11,904
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Turnover€52,671▲ 97.3%€81,795▲ 55.3%€60,137▼ 26.5%€33,035▼ 45.1%€41,864▲ 26.7%
Operating result€8,452▲ 6.2%€3,422▼ 59.5%€4,355▲ 27.3%€5,672▲ 30.2%€19,023▲ 235%
Net result€5,643▲ 7.6%€1,327within the sector's middle half▼ 76.5%€2,621within the sector's middle half▲ 97.5%€4,101within the sector's middle half▲ 56.5%€13,502within the sector's middle half▲ 229%
EBIT margin16.0%▼ 13.8pp4.2%▼ 11.9pp7.2%▲ 3.1pp17.2%▲ 9.9pp45.4%▲ 28.3pp
Equity€3,160€4,487below the sector's middle half▲ 42.0%€7,109below the sector's middle half▲ 58.4%€11,209below the sector's middle half▲ 57.7%€4,251below the sector's middle half▼ 62.1%
Total assets€10,212▲ 72.6%€15,235below the sector's middle half▲ 49.2%€18,486below the sector's middle half▲ 21.3%€14,229below the sector's middle half▼ 23.0%€12,059below the sector's middle half▼ 15.3%
Debt€7,052▼ 16.1%€10,748▲ 52.4%€11,377▲ 5.9%€3,020▼ 73.5%€7,808▲ 159%
Working capital€3,160€4,487▲ 42.0%€8,082▲ 80.1%€11,904▲ 47.3%€4,251▼ 64.3%
Solvency30.9%▲ 72.9pp29.5%within the sector's middle half▼ 1.5pp38.5%within the sector's middle half▲ 9.0pp78.8%above the sector's middle half▲ 40.3pp35.3%within the sector's middle half▼ 43.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 235% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €12,059
Equity
€4,251 ▼ 62.1%
Debt
€7,808 ▲ 159%
Debt's share of the balance-sheet total rises from 21.2% to 64.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,323
Cash flow
€13,802
Current ratio
1.54▼
2022 · 6.12
Debt to equity
1.84▲
2022 · 0.27
ROE
317.6%▲
2022 · 36.6%
ROA
112.0%▲
2022 · 28.8%
Interest coverage
35.85
Debt ≤ 1 year
€7,808▲
2022 · €2,325
Income taxes
€4,989▲
2022 · €1,225
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €52,671 | €81,795 | €60,137 | €33,035 | €41,864 | ▲ 26.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €55,830 | €26,560 | €22,013 | ▼ 17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €300 | - |
| Other operating charges640/8 | - | - | €457 | €728 | €478 | ▼ 34.3% |
| Non-recurring operating charges66A | - | - | - | €75 | €50 | ▼ 33.3% |
| Gross operating margin9900 | €9,414 | €4,422 | €4,812 | €6,475 | €19,851 | ▲ 207% |
| Operating profit (loss)9901 | €8,452 | €3,422 | €4,355 | €5,672 | €19,023 | ▲ 235% |
| Financial income75/76B | - | - | €13 | €60 | €7 | ▼ 88.3% |
| Recurring financial income75 | €5 | - | €13 | €60 | €7 | ▼ 88.3% |
| Financial charges65/66B | - | - | €838 | €406 | €539 | ▲ 32.8% |
| Recurring financial charges65 | €999 | €1,218 | €788 | €406 | €539 | ▲ 32.8% |
| Non-recurring financial charges66B | - | - | €50 | - | - | - |
| Profit (loss) for the period before taxes9903 | €7,458 | €2,204 | €3,530 | €5,326 | €18,491 | ▲ 247% |
| Income taxes67/77 | €1,815 | €877 | €909 | €1,225 | €4,989 | ▲ 307% |
| Profit (loss) for the period9904 | €5,643 | €1,327 | €2,621 | €4,101 | €13,502 | ▲ 229% |
| Profit (loss) for the period to be appropriated9905 | €5,643 | €1,327 | €2,621 | €4,101 | €13,502 | ▲ 229% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,212 | €15,235 | €18,486 | €14,229 | €12,059 | ▼ 15.3% |
| Current assets29/58 | €10,212 | €15,235 | €18,486 | €14,229 | €12,059 | ▼ 15.3% |
| Amounts receivable within one year40/41 | €5,213 | €12,765 | €17,706 | €13,284 | €7,125 | ▼ 46.4% |
| Trade receivables40 | - | - | €17,706 | €12,668 | €6,961 | ▼ 45.1% |
| Other amounts receivable41 | - | - | - | €616 | €164 | ▼ 73.4% |
| Current investments50/53 | - | - | - | €469 | - | - |
| Cash at bank and in hand54/58 | €4,999 | €2,220 | €530 | - | €2,639 | - |
| Deferred charges and accrued income490/1 | - | - | €250 | €476 | €2,295 | ▲ 382% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,212 | €15,235 | €18,486 | €14,229 | €12,059 | ▼ 15.3% |
| Equity10/15 | €3,160 | €4,487 | €7,109 | €11,209 | €4,251 | ▼ 62.1% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | -€17,300 | -€15,973 | -€13,351 | -€9,251 | €4,251 | ▲ 146% |
| Amounts payable17/49 | €7,052 | €10,748 | €11,377 | €3,020 | €7,808 | ▲ 159% |
| Amounts payable within one year42/48 | €7,052 | €10,748 | €10,404 | €2,325 | €7,808 | ▲ 236% |
| Trade debts44 | €2,109 | €1,963 | €1,175 | - | €1,595 | - |
| Suppliers440/4 | - | - | €1,175 | - | €1,595 | - |
| Advances received on contracts in progress46 | - | - | €649 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €8,577 | €2,325 | €6,213 | ▲ 167% |
| Taxes450/3 | - | - | €5,477 | €1,825 | €6,213 | ▲ 240% |
| Remuneration and social security454/9 | - | - | €3,100 | €500 | - | - |
| Other amounts payable47/48 | - | - | €3 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €973 | €695 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,643 | €1,327 | €2,621 | €4,101 | €13,502 | ▲ 229% |
| + Depreciation and write-downs630 | - | - | - | - | €300 | - |
| Operating cash flow (approximation) | €5,643 | €1,327 | €2,621 | €4,101 | €13,802 | ▲ 237% |
| Change in cash | - | -€2,779 | -€1,690 | - | - | - |
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
2026
12-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 06-01-2026
2025
28-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 515 days late
27-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 972 days late
2023
31-12
Financial
Highest result since 2018net €13,502 ▲229%
Operating result €19,023, net result €13,502, both a record.
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 228 days late
30-09
Financial
Liquidity triplescurrent ratio 6.12
Current ratio from 1.78 to 6.12; short-term debt falls from €10,404 to €2,325.
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €1,327 ▼76.5%
Net result drops to €1,327, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Liquidity doublescurrent ratio 1.45
Current ratio from 0.70 to 1.45; short-term debt falls from €8,401 to €7,052.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Show earlier events
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
23-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
23-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
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.
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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, Avelgem · 1 establishment unit since 1977
Ground area
514 m²
Building footprint
121 m²
Volume, LiDAR
642 m³
Parcel 34003A1060/00V002, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kortrijkstraat 44, 8580 Avelgem
since 19772.013.734.945
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34003A1060/00V002 | Flanders | 514 m² | 1 · 121 m² | 9.7 m · 1 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 | ELLEN DE GEETER DOORNIKSEWIJK 134, 8500 KORT-
RIJK |
06-01-2026 → present |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 14,086 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
Founded17-02-1977
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
85599Other education
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.