AFINCO
Open bankruptcySummary
A bankruptcy procedure is open for AFINCO according to publications in the Belgian State Gazette. The 2013 annual accounts show negative equity (-€1.2m) and a net result of -€137,823.
Are you a creditor?
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
- Commercial Court of Ghent, Ghent division
- Declared bankrupt
- 29 January 2015
- Official Gazette
- 02-02-2015 (pdf) ↗search the document for 2015/100865
Deadlines
- Provisional date payments stopped
- 27 January 2015Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 17 February 2015Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 28 February 2015art. XX.104 and XX.155 CEL
- First verification report
- passed on 12 March 2015Goods 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 29 January 2016Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
New trustee
- Deweppe Walterappointed on 5 January 2021Brusselsesteenweg 691, 9050 Gent-Brugge
The court appointed this trustee as a replacement or as an additional trustee; the publication says which (reference 2021/100266). Your claim in RegSol stays valid. That day's Gazette (pdf) ↗
Appointed at the opening
- Mr Claeys PieterAveschoot 20, 9971 Lembeke
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.
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
The sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2013, abbreviated schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,119 | €46,579 | €56,172 | €52,181 | €40,752 | ▼ 21.9% |
| Gross operating margin9900 | €1.3m | €643,746 | €1.3m | €932,900 | €1.6m | ▲ 75.2% |
| Operating profit (loss)9901 | -€367,571 | -€896,873 | -€153,345 | -€636,996 | -€37,500 | ▲ 94.1% |
| Recurring financial income75 | €2,036 | €193 | €503 | €2,245 | €1,387 | ▼ 38.2% |
| Recurring financial charges65 | €23,914 | €38,354 | €45,782 | €77,943 | €90,854 | ▲ 16.6% |
| Profit (loss) for the period before taxes9903 | -€389,639 | -€871,906 | -€243,854 | -€721,385 | -€135,073 | ▲ 81.3% |
| Income taxes67/77 | -€191 | - | - | - | €2,750 | - |
| Profit (loss) for the period9904 | -€389,448 | -€871,906 | -€243,854 | -€721,385 | -€137,823 | ▲ 80.9% |
| Profit (loss) for the period to be appropriated9905 | -€389,448 | -€871,906 | -€243,854 | -€721,385 | -€137,823 | ▲ 80.9% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.5m | €2.1m | €1.9m | €3.0m | ▲ 59.6% |
| Fixed assets21/28 | €134,967 | €151,452 | €125,401 | €81,358 | €44,324 | ▼ 45.5% |
| Intangible fixed assets21 | €23,650 | €17,737 | €11,825 | €5,913 | - | - |
| Tangible fixed assets22/27 | €111,317 | €133,715 | €113,576 | €75,445 | €44,324 | ▼ 41.2% |
| Current assets29/58 | €1.6m | €1.3m | €1.9m | €1.8m | €2.9m | ▲ 64.4% |
| Stocks and contracts in progress3 | €316,351 | €516,241 | €663,371 | €853,439 | €1.4m | ▲ 66.2% |
| Amounts receivable within one year40/41 | €996,365 | €793,351 | €1.2m | €939,298 | €1.5m | ▲ 62.7% |
| Cash at bank and in hand54/58 | €346 | €102 | €46,170 | €299 | €27 | ▼ 91.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.5m | €2.1m | €1.9m | €3.0m | ▲ 59.6% |
| Equity10/15 | €754,860 | -€117,046 | -€360,900 | -€1.1m | -€1.2m | ▼ 12.7% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Profit (loss) carried forward14 | -€595,140 | -€1.5m | -€1.7m | -€2.4m | -€2.6m | ▼ 5.7% |
| Amounts payable17/49 | €953,169 | €1.6m | €2.4m | €3.0m | €4.2m | ▲ 42.4% |
| Amounts payable after more than one year17 | - | €181,573 | €423,678 | €416,089 | €445,123 | ▲ 7.0% |
| Amounts payable within one year42/48 | €942,341 | €1.2m | €2.0m | €2.5m | €3.8m | ▲ 48.5% |
| Trade debts44 | €592,083 | €819,467 | €1.7m | €1.3m | €2.0m | ▲ 55.1% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€389,448 | -€871,906 | -€243,854 | -€721,385 | -€137,823 | ▲ 80.9% |
| + Depreciation and write-downs630 | €59,119 | €46,579 | €56,172 | €52,181 | €40,752 | ▼ 21.9% |
| Operating cash flow (approximation) | -€330,329 | -€825,327 | -€187,682 | -€669,204 | -€97,071 | ▲ 85.5% |
| Investment in fixed assets (approximation) | - | -€63,064 | -€30,121 | -€8,138 | -€3,718 | ▲ 54.3% |
| Change in cash | - | -€244 | €46,068 | -€45,871 | -€272 | ▲ 99.4% |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Toemaattragel 19000 Gent1 establishment unit
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DEWEPPE WALTER BRUSSELSESTEENWEG 691, 9050 GENT-BRUGGE |
05-01-2021 → present |
| Curator | Mr CLAEYS PIETER AVESCHOOT 20, 9971 LEMBEKE |
29-01-2015 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- GINDAC
- AFINCO
Highest known parent: GINDAC. The sources do not say who stands above it.
Owners 1
- GINDACparentSourceaccounts GINDAC 202599.99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.