As-38
Open bankruptcyA bankruptcy procedure is open for As-38 according to publications in the Belgian State Gazette; curator: GUILLAUME CARION.
Summary
The 2020 annual accounts show equity of €202,622 and a net result of €2,881.
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
- 30 May 2023
- Supervising judge
- Cyndie Van Steenkiste
- Official Gazette
- 05-06-2023 (pdf) ↗search the document for 2023/122068
Deadlines
- Provisional date payments stopped
- 30 May 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 20 June 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 29 June 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 20 July 2023Goods 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 30 May 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Guillaume CarionRue Du Sondart 21, 7500 Tournai- . Date provisoire de cessation de paiement : 30/05/2023carion.guillaume@avo4.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
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, full schema
Turnover
€432,720▲ 209%
2018 · €140,063
EBIT margin
7.5%▼ 1.7pp
2018 · 9.2%
Net result
€2,881▼ 91.1%
2019 · €32,383
Working capital
€111,794▼ 28.4%
2019 · €156,117
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Turnover€140,063-€432,720▲ 209%
Operating result€12,832-€32,383▲ 152%€2,881▼ 91.1%
Net result€12,669-€32,383▲ 156%€2,881▼ 91.1%
EBIT margin9.2%-7.5%▼ 1.7pp
Equity€25,069-€199,740▲ 697%€202,622▲ 1.4%
Total assets€54,811-€206,850▲ 277%€206,007▼ 0.4%
Debt€29,742-€7,109▼ 76.1%€3,386▼ 52.4%
Working capital€15,969-€156,117▲ 878%€111,794▼ 28.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 91% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €206,007
Fixed assets
€90,827 ▲ 106%
Current assets
€115,180 ▼ 29.3%
Equity and liabilities €206,007
Equity
€202,622 ▲ 1.4%
Debt
€3,386 ▼ 52.4%
Debt's share of the balance-sheet total falls from 3.4% to 1.6%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
34.02▲
2019 · 24.18
Quick ratio
33.24▲
2019 · 23.79
ROE
1.4%▼
2019 · 16.2%
ROA
1.4%▼
2019 · 15.7%
Debt ≤ 1 year
€3,386▼
2019 · €6,736
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €140,063 | €432,720 | - | - |
| Gross operating margin9900 | €43,820 | €69,774 | €41,156 | ▼ 41.0% |
| Operating profit (loss)9901 | €12,832 | €32,383 | €2,881 | ▼ 91.1% |
| Recurring financial charges65 | €163 | - | - | - |
| Profit (loss) for the period before taxes9903 | €12,669 | €32,383 | €2,881 | ▼ 91.1% |
| Profit (loss) for the period9904 | €12,669 | €32,383 | €2,881 | ▼ 91.1% |
| Profit (loss) for the period to be appropriated9905 | €12,669 | €32,383 | €2,881 | ▼ 91.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €54,811 | €206,850 | €206,007 | ▼ 0.4% |
| Fixed assets21/28 | €9,100 | €43,997 | €90,827 | ▲ 106% |
| Tangible fixed assets22/27 | €9,100 | €43,947 | €90,777 | ▲ 107% |
| Financial fixed assets28 | - | €50 | €50 | = |
| Current assets29/58 | €45,711 | €162,853 | €115,180 | ▼ 29.3% |
| Stocks and contracts in progress3 | - | €2,620 | €2,620 | = |
| Amounts receivable within one year40/41 | €23,112 | €87,268 | €33,942 | ▼ 61.1% |
| Cash at bank and in hand54/58 | €22,599 | €33,410 | €36,665 | ▲ 9.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €54,811 | €206,850 | €206,007 | ▼ 0.4% |
| Equity10/15 | €25,069 | €199,740 | €202,622 | ▲ 1.4% |
| Contributions10/11 | €12,400 | €24,336 | €24,336 | = |
| Profit (loss) carried forward14 | €12,669 | €175,404 | €178,285 | ▲ 1.6% |
| Amounts payable17/49 | €29,742 | €7,109 | €3,386 | ▼ 52.4% |
| Amounts payable within one year42/48 | €29,742 | €6,736 | €3,386 | ▼ 49.7% |
| Trade debts44 | €2,075 | €1,139 | €1,318 | ▲ 15.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,669 | €32,383 | €2,881 | ▼ 91.1% |
| Operating cash flow (approximation) | €12,669 | €32,383 | €2,881 | ▼ 91.1% |
| Investment in fixed assets (approximation) | - | -€34,897 | -€46,831 | ▼ 34.2% |
| Change in cash | - | €10,810 | €3,255 | ▼ 69.9% |
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
2023
05-06
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 30-05-2023
2022
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 164 days late
2021
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 252 days late
2020
31-12
Financial
Weakest financial yearnet €2,881 ▼91.1%
Net result drops to €2,881, the lowest in the series.
31-12
Financial
Equity above €200,000Eq €202,622 ▲1.4%
3 profitable years in a row build equity to €202,622.
06-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 48 days late
2019
31-12
Financial
Highest result since 2018net €32,383 ▲156%
Operating result €32,383, net result €32,383, both a record.
31-12
Financial
Liquidity times 16current ratio 24.18
Current ratio from 1.54 to 24.18; short-term debt falls from €29,742 to €6,736.
31-12
Financial
Equity above €150,000Eq €199,740 ▲697%
2 profitable years in a row build equity to €199,740.
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
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.
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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, Ath · 1 establishment unit since 2014
Ground area
672 m²
Building footprint
195 m²
Volume, LiDAR
1,661 m³
2 parcels, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
As-38
since 20142.227.141.180
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55015A0043/00P000 | Wallonia | 536 m² | 1 · 98 m² | 10.3 m · 3 fl. |
| 51024A0085/00A003 | Wallonia | 135 m² | 1 · 98 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | GUILLAUME CARION RUE DU SONDART 21,
7500 TOURNAI- .
Date provisoire de cessation de paiement : 30/05/2023 |
30-05-2023 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteLa Louvière2.227.141.180
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-02-2014
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 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.