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ALPHA - CHEM

Open bankruptcy
Public limited companyfounded 1995Chemin Preuscamp(M.E) 12, 7822 Ath, BelgiumKBO/BCE: BE 0456.067.868

A bankruptcy procedure is open for ALPHA - CHEM according to publications in the Belgian State Gazette; curator: OLIVIER MERCIER.

Summary

The file additionally contains 1 judicial reorganisation. The 2018 annual accounts show negative equity (-€154,940) and a net result of -€647,623.

ALPHA - CHEMOpen bankruptcy

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 Hainaut, Tournai division
Declared bankrupt
8 January 2019
Supervising judge
Philippe Lenfant
Official Gazette
14-01-2019 (pdf) ↗search the document for 2019/101198

Deadlines

Provisional date payments stopped
8 January 2019A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 29 January 2019Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 7 February 2019art. XX.104 and XX.155 CEL
First verification report
passed on 28 February 2019Goods 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 8 January 2020Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Olivier MercierRue Des Villas 6, 7700 Mouscron- . Date provisoire de cessation de paiement : 08/01/2019mercier.wagnon@edpnet.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2018 was due by 31-01-2019 and was filed on 26-12-2018, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2018
36 d early
2016
31 d late
2015
31 d late
2014
31 d late
2013
8 d late
2012
28 d late
2011
60 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2018 is 5 days before the deadline, and 40% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 25 September 1995, ALPHA - CHEM was incorporated.1 Total assets went from EUR 1.2 million in 2014 to EUR 724,980 in 2018 and headcount from 10 full-time equivalents in 2014 to 1 in 2016.2 The company was declared bankrupt on 8 January 2019.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2014, 2016 and 2018
  3. 3Belgian State Gazette, 14-01-2019

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2018, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€647,623▼ 243%
2016 · -€188,636
Working capital
-€240,039
2016 · €171,861
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2014201520162018
Operating result€48,566-€33,700▼ 30.6%-€175,937-€616,760-
Net result€17,773-€6,724▼ 62.2%-€188,636-€647,623-
Equity€538,673-€545,160▲ 1.2%€356,286▼ 34.6%-€154,940-
Total assets€1.2m-€1.0m▼ 16.5%€980,862▼ 4.4%€724,980-
Debt€687,635-€477,769▼ 30.5%€589,354▲ 23.4%€809,585-
Working capital€378,535-€300,753▼ 20.5%€171,861▼ 42.9%-€240,039-
Staff (FTE)10-4.9▼ 51.0%1▼ 79.6%
Result per fiscal year
Operating resultNet result
-€800,000-€600,000-€400,000-€200,000€0Operating result 2014: €48,566€48,566Net result 2014: €17,773€17,773Operating result 2015: €33,700€33,700Net result 2015: €6,724€6,724Operating result 2016: -€175,937-€175,937Net result 2016: -€188,636-€188,636Operating result 2018: -€616,760-€616,760Net result 2018: -€647,623-€647,6232014201520162018-€800,000-€600,000-€400,000-€200,000€0Operating result 2015: €33,700€33,700Net result 2015: €6,724€6,720Operating result 2016: -€175,937-€176,000Net result 2016: -€188,636-€189,000Operating result 2018: -€616,760-€617,000Net result 2018: -€647,623-€648,000201520162018
The operating result is -€616,760 in 2018, compared with -€175,937 in 2016. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2018 in colour, 2016 as the grey bar beneath
Assets €712,475
Fixed assets €142,929 ▼ 32.4%
Current assets €569,546 ▼ 23.5%
Key figures and ratios
2018 value · change against 2016
EBITDA
-€535,714▼
2016 · -€115,043
Cash flow
-€566,577▼
2016 · -€127,742
Solvency
-21.4%▼
2016 · 36.3%
Current ratio
0.70▼
2016 · 1.30
ROA
-89.3%▼
2016 · -19.2%
Debt ≤ 1 year
€809,585▲
2016 · €573,021
Income taxes
€325▼
2016 · €631
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2018 against 2016 · 28 lines
Balance sheet Code20162018
Assets
Total assets20/58€980,862€724,980▼
Formation expenses20€24,696€12,505▼
Fixed assets21/28€211,284€142,929▼
Intangible fixed assets21€6,675€0▼
Tangible fixed assets22/27€199,364€137,184▼
Financial fixed assets28€5,245€5,745▲
Current assets29/58€744,882€569,546▼
Amounts receivable within one year40/41€295,146€561,014▲
Cash at bank and in hand54/58€12,423€8,532▼
Equity and liabilities
Total equity and liabilities10/49€980,862€724,980▼
Equity10/15€356,286-€154,940▼
Contributions10/11€100,000€100,000=
Reserves13€418,593€418,593=
Profit (loss) carried forward14-€164,139-€675,168▼
Provisions and deferred taxes16€35,222€70,335▲
Amounts payable17/49€589,354€809,585▲
Amounts payable after more than one year17€16,333-
Amounts payable within one year42/48€573,021€809,585▲
Trade debts44€246,051€91,769▼
Income statement Code20162018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60,894€81,046▲
Gross operating margin9900-€9,358-€460,158▼
Operating profit (loss)9901-€175,937-€616,760▼
Recurring financial income75€240€1,502▲
Recurring financial charges65€12,308€32,178▲
Profit (loss) for the period before taxes9903-€188,005-€647,436▼
Income taxes67/77€631€325▼
Profit (loss) for the period9904-€188,636-€647,623▼
Profit (loss) for the period to be appropriated9905-€188,636-€647,623▼
Line2014201520162018Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88,153€99,044€60,894€81,046-
Gross operating margin9900€650,401€373,755-€9,358-€460,158-
Operating profit (loss)9901€48,566€33,700-€175,937-€616,760-
Recurring financial income75€243€880€240€1,502-
Recurring financial charges65€23,560€19,546€12,308€32,178-
Profit (loss) for the period before taxes9903€25,249€13,882-€188,005-€647,436-
Income taxes67/77€7,634€7,316€631€325-
Profit (loss) for the period9904€17,773€6,724-€188,636-€647,623-
Profit (loss) for the period to be appropriated9905€17,773€6,724-€188,636-€647,623-
Line2014201520162018Change
Assets
Total assets20/58€1.2m€1.0m€980,862€724,980-
Formation expenses20-€30,109€24,696€12,505-
Fixed assets21/28€251,591€292,257€211,284€142,929-
Intangible fixed assets21€16,960€11,817€6,675€0-
Tangible fixed assets22/27€230,631€246,331€199,364€137,184-
Financial fixed assets28€4,000€4,000€5,245€5,745-
Current assets29/58€978,392€734,189€744,882€569,546-
Stocks and contracts in progress3€453,874----
Amounts receivable within one year40/41€454,725€695,802€295,146€561,014-
Cash at bank and in hand54/58€69,793€38,387€12,423€8,532-
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.0m€980,862€724,980-
Equity10/15€538,673€545,160€356,286-€154,940-
Contributions10/11€100,000€100,000€100,000€100,000-
Reserves13€418,593€418,593€418,593€418,593-
Profit (loss) carried forward14€17,773€24,497-€164,139-€675,168-
Provisions and deferred taxes16€3,675€3,517€35,222€70,335-
Amounts payable17/49€687,635€477,769€589,354€809,585-
Amounts payable after more than one year17€84,778€44,333€16,333--
Amounts payable within one year42/48€599,857€433,436€573,021€809,585-
Trade debts44€263,017€109,051€246,051€91,769-
Line2014201520162018Change
Profit (loss) for the period9904€17,773€6,724-€188,636-€647,623-
+ Depreciation and write-downs630€88,153€99,044€60,894€81,046-
Operating cash flow (approximation)€105,926€105,768-€127,742-€566,577-
Investment in fixed assets (approximation)--€139,710€20,079--
Change in cash--€31,406-€25,964--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2022
19-09
Bankruptcy Supervising judge replaced
Tribunal de l’entreprise du Hainaut, division Tournai · event 01-09-2022
2019
14-01
Bankruptcy Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 08-01-2019
2018
26-12
NBB filing Annual accounts filed
fiscal year 2018 · full schema
09-10
Judicial reorganisation Transfer under judicial authority
Tribunal de commerce du Hainaut · court-supervised transfer
30-06
Financial Weakest financial yearnet -€647,623
Net result drops to -€647,623, the lowest in the series.
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
08-08
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 8 days late
2013
28-08
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 28 days late
2012
01-06
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
04-11
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema · 96 days late
2010
27-08
NBB filing Annual accounts filed
fiscal year 2009 · abbreviated schema · 27 days late
2009
16-09
NBB filing Annual accounts filed
fiscal year 2008 · abbreviated schema · 47 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Ath · 1 establishment unit since 1995
seat establishment The establishment unit on the map
Ground area
1.8 ha
Building footprint
2,028 m²
Volume, LiDAR
10,016 m³
Parcel 51042B0605/00F002, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALPHA-CHEM
Chemin Preuscamp(M.E) 12, 7822 AthNACE 2451202
since 19952.073.502.781
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
51042B0605/00F002 Wallonia 1.8 ha 1 · 2,028 m² 6.7 m · 2 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 OLIVIER MERCIER
RUE DES VILLAS 6, 7700 MOUSCRON- . Date provisoire de cessation de paiement : 08/01/2019
08-01-2019 → present

Similar companies · same sector, comparable size

Of 472 companies in sector 46442 we hold annual accounts for 336. 244 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded25-09-1995
Fiscal year end30-06
Activities, NACEBEL 2025
46442Wholesale trade
20412Manufacture of chemicals and chemical products
46492Wholesale trade
47621Retail sale of newspapers and periodicals
47783Retail trade
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 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.