ARS GROUP
Open bankruptcyA bankruptcy procedure is open for ARS GROUP according to publications in the Belgian State Gazette; curator: DIANE OSSIEUR.
Summary
The 2016 annual accounts show negative equity (-€7,235) and a net result of -€4,625.
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
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 1 April 2019
- Supervising judge
- Didier Flahaut
- Official Gazette
- 08-04-2019 (pdf) ↗search the document for 2019/116928
Deadlines
- Appeal or third-party opposition until
- passed on 23 April 2019Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 1 May 2019art. XX.104 and XX.155 CEL
- First verification report
- passed on 15 May 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 1 April 2020Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Diane OssieurAvenue Hippolite Limbourg 19, 1070 Bruxelles 7d.ossieur@skynet.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
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2016, full schema
Turnover
€111,634▲ 65.1%
2014 · €67,618
EBIT margin
-8.8%▼ 1.3pp
2014 · -7.6%
Net result
-€4,625▲ 53.7%
2015 · -€9,991
Working capital
-€7,235▼ 10.3%
2015 · -€6,560
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
Line2013201420152016
Turnover€31,814-€67,618▲ 113%€111,634▲ 65.1%
Operating result-€2,670--€5,127▼ 92.0%-€9,879▼ 92.7%-€4,440▲ 55.1%
Net result-€2,781--€5,217▼ 87.6%-€9,991▼ 91.5%-€4,625▲ 53.7%
EBIT margin-8.4%--7.6%▲ 0.8pp-8.8%▼ 1.3pp
Equity€6,585-€1,181▼ 82.1%-€6,590-€7,235▼ 9.8%
Total assets€7,043-€22,407▲ 218%€32,261▲ 44.0%€24,788▼ 23.2%
Debt€458-€21,226▲ 4,534%€38,851▲ 83.0%€32,023▼ 17.6%
Working capital€6,585-€1,181▼ 82.1%-€6,560-€7,235▼ 10.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,440 in 2016 against €9,879 in 2015; the loss shrinks.
Key figures and ratios
Solvency
-29.2%▼
2015 · -20.4%
Current ratio
0.77▼
2015 · 0.83
Quick ratio
0.73▼
2015 · 0.80
ROA
-18.7%▲
2015 · -31.0%
Debt ≤ 1 year
€32,023▼
2015 · €38,821
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|
| Turnover70 | €31,814 | €67,618 | €111,634 | - | - |
| Gross operating margin9900 | -€2,202 | -€3,769 | -€9,669 | -€3,424 | ▲ 64.6% |
| Operating profit (loss)9901 | -€2,670 | -€5,127 | -€9,879 | -€4,440 | ▲ 55.1% |
| Recurring financial charges65 | €112 | €106 | €112 | €185 | ▲ 64.9% |
| Profit (loss) for the period before taxes9903 | -€2,781 | -€5,217 | -€9,991 | -€4,625 | ▲ 53.7% |
| Profit (loss) for the period9904 | -€2,781 | -€5,217 | -€9,991 | -€4,625 | ▲ 53.7% |
| Profit (loss) for the period to be appropriated9905 | -€2,781 | -€5,217 | -€9,991 | -€4,625 | ▲ 53.7% |
| Line | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €7,043 | €22,407 | €32,261 | €24,788 | ▼ 23.2% |
| Current assets29/58 | €7,043 | €22,407 | €32,261 | €24,788 | ▼ 23.2% |
| Stocks and contracts in progress3 | - | €21,300 | €1,264 | €1,264 | = |
| Amounts receivable within one year40/41 | €53 | €252 | €29,000 | €20,200 | ▼ 30.3% |
| Cash at bank and in hand54/58 | €6,899 | €725 | €1,866 | €3,223 | ▲ 72.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €7,043 | €22,407 | €32,261 | €24,788 | ▼ 23.2% |
| Equity10/15 | €6,585 | €1,181 | -€6,590 | -€7,235 | ▼ 9.8% |
| Contributions10/11 | €12,400 | €12,400 | €14,620 | €18,600 | ▲ 27.2% |
| Profit (loss) carried forward14 | -€5,815 | -€11,219 | -€21,210 | -€25,835 | ▼ 21.8% |
| Amounts payable17/49 | €458 | €21,226 | €38,851 | €32,023 | ▼ 17.6% |
| Amounts payable within one year42/48 | €458 | €21,226 | €38,821 | €32,023 | ▼ 17.5% |
| Trade debts44 | €458 | €926 | €4,625 | €5,755 | ▲ 24.4% |
| Line | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,781 | -€5,217 | -€9,991 | -€4,625 | ▲ 53.7% |
| Operating cash flow (approximation) | -€2,781 | -€5,217 | -€9,991 | -€4,625 | ▲ 53.7% |
| Change in cash | - | -€6,173 | €1,141 | €1,357 | ▲ 18.9% |
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
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 942 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1307 days late
2019
08-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 01-04-2019
2015
31-12
Financial
Weakest financial yearnet -€9,991
Net result drops to -€9,991, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
29-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 90 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Koekelberg
Ground area
308 m²
Building footprint
80 m²
Volume, LiDAR
984 m³
Parcel 21492B0003/00S005, Brussels · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0003/00S005 | Brussels | 308 m² | 1 · 80 m² | 17.9 m · 5 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 | DIANE OSSIEUR AVENUE HIPPOLITE LIMBOURG 19,
1070 BRUXELLES 7 |
01-04-2019 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-12-2011
Fiscal year end31-12
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.