Skip to content

ALTEAD DEVRIENDT

Open bankruptcy
Public limited companyfounded 1968De Arend 13, 8210 Zedelgem, BelgiumKBO/BCE: BE 0405.181.668

A bankruptcy procedure is open for ALTEAD DEVRIENDT according to publications in the Belgian State Gazette; curator: CHRISTINE VERMEIRE.

Summary

The 2017 annual accounts show equity of €421,147 and a net result of €16,277.

ALTEAD DEVRIENDTOpen 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 Ghent, Ostend division
Declared bankrupt
16 August 2019
Supervising judge
Peter Simons
Official Gazette
21-08-2019 (pdf) ↗search the document for 2019/143386

Deadlines

Provisional date payments stopped
16 August 2019A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 5 September 2019Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 15 September 2019art. XX.104 and XX.155 CEL
First verification report
passed on 11 October 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 16 August 2020Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

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

Embed in an article

Writing about this bankruptcy? Put the card of ALTEAD DEVRIENDT in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.

Preview
The preview appears here.
  • Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
  • Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
  • Where scripts do not run (a newsletter, a feed reader) a plain link remains.

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 31-12-2017 was due by 31-07-2018 and was filed on 31-07-2018, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The sector median for financial year 2024 is on the deadline day, and 49% 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

ALTEAD DEVRIENDT was incorporated on 1 January 1968.1 Revenue fell from EUR 8.7 million in 2013 to EUR 7.5 million in 2017 and headcount from 42.3 to 36.6 full-time equivalents.2 On 16 August 2019 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2013 and 2017
  3. 3Belgian State Gazette, 21-08-2019

Go further with this company

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

Financials · fiscal year 2017, full schema

Turnover
€7.5m▼ 12.0%
2016 · €8.5m
EBIT margin
1.0%=
2016 · 1.0%
Net result
€16,277▼ 5.8%
2016 · €17,276
Working capital
-€206,199▼ 20.0%
2016 · -€171,890
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
Line20132014201520162017
Turnover€8.7m-€10.2m▲ 17.5%€9.7m▼ 5.3%€8.5m▼ 11.5%€7.5m▼ 12.0%
Operating result€219,490-€152,259▼ 30.6%-€719,357€88,633€74,901▼ 15.5%
Net result€42,067-€41,761▼ 0.7%€21,557▼ 48.4%€17,276▼ 19.9%€16,277▼ 5.8%
EBIT margin2.5%-1.5%▼ 1.0pp-7.4%▼ 8.9pp1.0%▲ 8.5pp1.0%=
Equity€324,275-€366,037▲ 12.9%€387,594▲ 5.9%€404,871▲ 4.5%€421,147▲ 4.0%
Total assets€2.5m-€2.6m▲ 4.1%€3.6m▲ 36.4%€2.4m▼ 33.6%€2.6m▲ 11.3%
Debt€2.2m-€2.3m▲ 2.8%€3.2m▲ 41.4%€2.0m▼ 38.2%€2.2m▲ 12.8%
Working capital-€266,013--€296,945▼ 11.6%-€195,724▲ 34.1%-€171,890▲ 12.2%-€206,199▼ 20.0%
Staff (FTE)42.3-42.4▲ 0.2%43.1▲ 1.7%40.3▼ 6.5%36.6▼ 9.2%
Result per fiscal year
Operating resultNet result
-€750,000-€500,000-€250,000€0€250,000Operating result 2013: €219,490€219,490Net result 2013: €42,067€42,067Operating result 2014: €152,259€152,259Net result 2014: €41,761€41,761Operating result 2015: -€719,357-€719,357Net result 2015: €21,557€21,557Operating result 2016: €88,633€88,633Net result 2016: €17,276€17,276Operating result 2017: €74,901€74,901Net result 2017: €16,277€16,27720132014201520162017-€750,000-€500,000-€250,000€0Operating result 2015: -€719,357-€719,000Net result 2015: €21,557€21,600Operating result 2016: €88,633€88,600Net result 2016: €17,276€17,300Operating result 2017: €74,901€74,900Net result 2017: €16,277€16,300201520162017
The operating result falls in 2017; 2017 is 15% below 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €2.6m
Fixed assets €769,673 ▲ 9.8%
Current assets €1.9m ▲ 11.9%
Equity and liabilities €2.6m
Equity €421,147 ▲ 4.0%
Debt €2.2m ▲ 12.8%
Debt's share of the balance-sheet total rises from 83.0% to 84.1%. Equity and debt are higher.
Key figures and ratios
2017 value · change against 2016
EBITDA
€323,974▼
2016 · €354,484
Cash flow
€265,350▼
2016 · €283,127
Current ratio
0.90▼
2016 · 0.91
Quick ratio
0.84▼
2016 · 0.84
Debt to equity
0.34▲
2016 · 0.31
ROE
3.9%▼
2016 · 4.3%
ROA
0.6%▼
2016 · 0.7%
Interest coverage
5.21▲
2016 · 5.17
Debt ≤ 1 year
€2.1m▲
2016 · €1.9m
Debt > 1 year
€142,327▲
2016 · €124,330
Income taxes
€300▲
2016 · €239
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 · 2017 against 2016 · 28 lines
Balance sheet Code20162017
Assets
Total assets20/58€2.4m€2.6m▲
Fixed assets21/28€701,091€769,673▲
Intangible fixed assets21€4,000€3,935▼
Tangible fixed assets22/27€677,980€746,627▲
Financial fixed assets28€19,111€19,111=
Current assets29/58€1.7m€1.9m▲
Stocks and contracts in progress3€120,786€126,772▲
Amounts receivable within one year40/41€1.5m€1.5m▲
Cash at bank and in hand54/58€80,947€219,845▲
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.6m▲
Equity10/15€404,871€421,147▲
Contributions10/11€250,000€250,000=
Reserves13€460,663€460,663=
Profit (loss) carried forward14-€311,298-€295,021▲
Amounts payable17/49€2.0m€2.2m▲
Amounts payable after more than one year17€124,330€142,327▲
Amounts payable within one year42/48€1.9m€2.1m▲
Trade debts44€1.5m€1.7m▲
Income statement Code20162017
Turnover70€8.5m€7.5m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€265,851€249,073▼
Operating profit (loss)9901€88,633€74,901▼
Recurring financial income75€5,806€10,485▲
Recurring financial charges65€76,924€68,809▼
Debt charges650€68,513€62,200▼
Profit (loss) for the period before taxes9903€17,515€16,577▼
Income taxes67/77€239€300▲
Profit (loss) for the period9904€17,276€16,277▼
Profit (loss) for the period to be appropriated9905€17,276€16,277▼
Line20132014201520162017Change
Turnover70€8.7m€10.2m€9.7m€8.5m€7.5m▼ 12.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€392,122€346,741€242,032€265,851€249,073▼ 6.3%
Operating profit (loss)9901€219,490€152,259-€719,357€88,633€74,901▼ 15.5%
Recurring financial income75€335€1,839€2,273€5,806€10,485▲ 80.6%
Recurring financial charges65€75,096€70,823€82,839€76,924€68,809▼ 10.5%
Debt charges650€68,199€63,361€71,183€68,513€62,200▼ 9.2%
Profit (loss) for the period before taxes9903€42,510€42,055€21,873€17,515€16,577▼ 5.4%
Income taxes67/77€443€294€316€239€300▲ 25.7%
Profit (loss) for the period9904€42,067€41,761€21,557€17,276€16,277▼ 5.8%
Profit (loss) for the period to be appropriated9905€42,067€41,761€21,557€17,276€16,277▼ 5.8%
Line20132014201520162017Change
Assets
Total assets20/58€2.5m€2.6m€3.6m€2.4m€2.6m▲ 11.3%
Fixed assets21/28€805,021€900,315€793,135€701,091€769,673▲ 9.8%
Intangible fixed assets21€10,000€8,000€6,000€4,000€3,935▼ 1.6%
Tangible fixed assets22/27€775,910€873,204€768,024€677,980€746,627▲ 10.1%
Financial fixed assets28€19,111€19,111€19,111€19,111€19,111=
Current assets29/58€1.7m€1.7m€2.8m€1.7m€1.9m▲ 11.9%
Stocks and contracts in progress3€111,054€150,983€164,952€120,786€126,772▲ 5.0%
Amounts receivable within one year40/41€1.6m€1.4m€2.3m€1.5m€1.5m▲ 3.5%
Cash at bank and in hand54/58€11,320€93,034€273,264€80,947€219,845▲ 172%
Equity and liabilities
Total equity and liabilities10/49€2.5m€2.6m€3.6m€2.4m€2.6m▲ 11.3%
Equity10/15€324,275€366,037€387,594€404,871€421,147▲ 4.0%
Contributions10/11€770,000€770,000€250,000€250,000€250,000=
Reserves13€460,663€460,663€460,663€460,663€460,663=
Profit (loss) carried forward14-€911,893-€870,132-€328,574-€311,298-€295,021▲ 5.2%
Amounts payable17/49€2.2m€2.3m€3.2m€2.0m€2.2m▲ 12.8%
Amounts payable after more than one year17€176,915€237,334€201,464€124,330€142,327▲ 14.5%
Amounts payable within one year42/48€2.0m€2.0m€3.0m€1.9m€2.1m▲ 12.7%
Trade debts44€1.4m€1.5m€2.5m€1.5m€1.7m▲ 8.4%
Line20132014201520162017Change
Profit (loss) for the period9904€42,067€41,761€21,557€17,276€16,277▼ 5.8%
+ Depreciation and write-downs630€392,122€346,741€242,032€265,851€249,073▼ 6.3%
Operating cash flow (approximation)€434,189€388,503€263,590€283,127€265,350▼ 6.3%
Investment in fixed assets (approximation)--€442,036-€134,852-€173,806-€317,655▼ 82.8%
Change in cash-€81,714€180,229-€192,317€138,898▲ 172%

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

Download as CSV

Timeline · acts, filings and financial milestones

2019
21-08
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 16-08-2019
2018
31-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
31-12
Financial Weakest financial yearnet €16,277 ▼5.8%
Net result drops to €16,277, the lowest in the series.
20-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
20-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
02-07
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
18-07
NBB filing Annual accounts filed
fiscal year 2013 · full schema
2013
27-06
NBB filing Annual accounts filed
fiscal year 2012 · full schema
2012
22-06
NBB filing Annual accounts filed
fiscal year 2011 · full schema
2011
18-07
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
23-06
NBB filing Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
26-06
NBB filing Annual accounts filed
fiscal year 2008 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 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
8 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, Zedelgem · 1 establishment unit since 1965
seat establishment The establishment unit on the map
Ground area
2,918 m²
Building footprint
588 m²
Volume, LiDAR
3,632 m³
Parcel 31040F1543/00G000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HANS-MAR EURO-YACHT TRANSPORT
De Arend 13, 8210 ZedelgemNACE 5010102
since 19652.000.382.401
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31040F1543/00G000 Flanders 2,918 m² 1 · 588 m² 7.0 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 CHRISTINE VERMEIRE
GROENDREEF 8, 8400 OOSTENDE
16-08-2019 → present

Similar companies · same sector, comparable size

Of 12,582 companies in sector 49410 we hold annual accounts for 8,205. 5,449 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
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
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.