Airco-Systems
Open bankruptcyA bankruptcy procedure is open for Airco-Systems according to publications in the Belgian State Gazette; curator: CHRISTOPHE GEUKENS.
Summary
The 2020 annual accounts show equity of €23,106 and a net result of €51,883.
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, Turnhout division
- Declared bankrupt
- 2 August 2022
- Supervising judge
- Kurt Bomhals
- Official Gazette
- 09-08-2022 (pdf) ↗search the document for 2022/129381
Deadlines
- Provisional date payments stopped
- 2 August 2022A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 24 August 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 1 September 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 13 September 2022Goods 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 2 August 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Christophe GeukensLindestraat 2, 2490 Baleninfo@advocaten-kantoor.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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Overview
What they do
Retail trade
NACE 47529
1 site
How big
€121,734total assets 2020
- Staff
- 1.4 FTE
- Equity
- €23,106
- Profit
- €51,883
Turnover not published (abridged schema)
Financially healthy?
Open bankruptcy: no score
Who decides
Accounts 1523 d overdue0 of 1 deed read
Signals- Open bankruptcyLatest accounts filed on timeShow the evidence
Signals
Two 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 31-12-2020 was due by 31-07-2021 and was filed on 07-06-2021, 54 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2021
not filed
2020
54 d early
2019
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 20 days before the deadline; the sector median for financial year 2021 is 2 days after the deadline, and 51% of the sector filed late.
Checked, nothing found (1)
- Supervising judge replacedOndernemingsrechtbank Antwerpen, afdeling Turnhout ·…
- OpeningOndernemingsrechtbank Antwerpen, afdeling Turnhout ·…
- Annual accounts filedfiscal year 2020 · micro…
Financials
Fiscal year 2020Total assets €121,734Profit €51,883Solvency 19.0%Liquidity 0.97
Total assets
€121,734▲ 279%
2019 - 2020
Net result
€51,883
2019 - 2020
Equity
€23,106
2019 - 2020
Staff (FTE)
1.4
2020
Financials · fiscal year 2020, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
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.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020
Operating result-€30,252-€56,078
Net result-€30,777-€51,883above the sector's middle half
Equity-€28,777-€23,106within the sector's middle half
Total assets€32,156-€121,734within the sector's middle half▲ 279%
Debt€60,933-€98,628▲ 61.9%
Working capital-€35,513--€2,646within the sector's middle half▲ 92.5%
Solvency-89.5%-19.0%within the sector's middle half▲ 108.5pp
Current ratio0.32-0.97within the sector's middle half▲ 0.65
Return on assets (ROA)-95.7%-42.6%above the sector's middle half▲ 138.3pp
Staff (FTE)1.4within the sector's middle half
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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €56,078 after a loss of €30,252 in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €121,734
Fixed assets
€40,035 ▲ 154%
Current assets
€81,699 ▲ 399%
Equity and liabilities €121,734
Equity
€23,106
Debt
€98,628
Debt finances 81.0% of the balance-sheet total.
Key figures and ratios
Key figures and ratios
EBITDA
€63,725▲
2019 · -€28,154
Cash flow
€59,530▲
2019 · -€28,679
Quick ratio
0.77▲
2019 · 0.25
Debt to equity
0.62
ROE
224.5%
Debt ≤ 1 year
€84,345▲
2019 · €51,891
Debt > 1 year
€14,283▲
2019 · €9,042
Income taxes
€3,049
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,098 | €7,647 | ▲ 265% |
| Gross operating margin9900 | €6,151 | €107,248 | ▲ 1,644% |
| Operating profit (loss)9901 | -€30,252 | €56,078 | ▲ 285% |
| Recurring financial income75 | €11 | €191 | ▲ 1,614% |
| Recurring financial charges65 | €536 | €1,338 | ▲ 150% |
| Profit (loss) for the period before taxes9903 | -€30,777 | €54,932 | ▲ 278% |
| Income taxes67/77 | - | €3,049 | - |
| Profit (loss) for the period9904 | -€30,777 | €51,883 | ▲ 269% |
| Profit (loss) for the period to be appropriated9905 | -€30,777 | €51,883 | ▲ 269% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €32,156 | €121,734 | ▲ 279% |
| Fixed assets21/28 | €15,778 | €40,035 | ▲ 154% |
| Intangible fixed assets21 | €1,222 | €3,953 | ▲ 223% |
| Tangible fixed assets22/27 | €14,556 | €33,097 | ▲ 127% |
| Financial fixed assets28 | - | €2,985 | - |
| Current assets29/58 | €16,378 | €81,699 | ▲ 399% |
| Stocks and contracts in progress3 | €3,321 | €16,405 | ▲ 394% |
| Amounts receivable within one year40/41 | €12,497 | €40,092 | ▲ 221% |
| Cash at bank and in hand54/58 | €560 | €15,880 | ▲ 2,737% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €32,156 | €121,734 | ▲ 279% |
| Equity10/15 | -€28,777 | €23,106 | ▲ 180% |
| Contributions10/11 | €2,000 | - | - |
| Reserves13 | - | €21,106 | - |
| Profit (loss) carried forward14 | -€30,777 | €0 | ▲ 100% |
| Amounts payable17/49 | €60,933 | €98,628 | ▲ 61.9% |
| Amounts payable after more than one year17 | €9,042 | €14,283 | ▲ 58.0% |
| Amounts payable within one year42/48 | €51,891 | €84,345 | ▲ 62.5% |
| Trade debts44 | €18,916 | €37,654 | ▲ 99.1% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€30,777 | €51,883 | ▲ 269% |
| + Depreciation and write-downs630 | €2,098 | €7,647 | ▲ 265% |
| Operating cash flow (approximation) | -€28,679 | €59,530 | ▲ 308% |
| Investment in fixed assets (approximation) | - | -€31,905 | - |
| Change in cash | - | €15,320 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
SUNO
BE 0673.710.035
Jabbeke · Eq €23,170
Koconel Trade
BE 1016.023.233
Zedelgem · Eq €23,805
UltraSafe
BE 0786.903.590
Diest · Eq €23,892
DE OUDE DAKPAN
BE 0785.521.539
Tongeren-Borgloon · Eq €23,996
M.S.N. TRADING
BE 0501.891.064
Brussel · Eq €22,226
Of 380 companies in this sector we hold annual accounts for 271. 151 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Directors
Directors
No directors read yet: 0 of 1 Gazette act processed. See the function holders in the CBE →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE GEUKENS Lindestraat 2, 2490 Balen |
02-08-2022 → present |
Timeline
5 eventsLatest 27-07-2023
History
Acts, filings and financial milestones
2023
27-07
Bankruptcy
Supervising judge replaced
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 27-06-2023
2022
09-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 02-08-2022
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €51,883
Net result €51,883 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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.
Support & recognitions
1 funding sourceFlanders €5,3621 register with a recognitionFASFC 1 site
Flemish government
€5,362
awarded · 2022 - 2024
FASFC
1
authorised site
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €5,362 awarded · €5,362 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | €0 | €2,556 |
| 2023 | 1 | €2,556 | €0 |
| 2022 | 1 | €2,806 | €2,806 |
Recognitions · licences · registrations
Food safety, FASFC
1 siteMolunit no. 2.281.543.829
Company details
Private limited company (pre-2019) · founded 11-10-2018Year ends 31-12Peppol not found1 site
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded11-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47529Retail trade
43222Installation of electric heating, air conditioning, cooling and ventilation
47527Retail trade
47540Retail sale of electrical household appliances
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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Mol · 1 establishment unit since 2018
Ground area
718 m²
Building footprint
219 m²
Volume, LiDAR
854 m³
Parcel 13433E1712/00G002, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Airco-Systems
since 2018unit no. 2.281.543.829
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13433E1712/00G002 | Flanders | 718 m² | 1 · 219 m² | 6.3 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.
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?Process a list How is the Retail trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.