ASC-CARS

Open bankruptcy

Private limited company (pre-2019)founded 2015Hooiestraat(S.B.V.) 10, 8710 Wielsbeke, BelgiumKBO/BCE: BE 0640.791.106

A bankruptcy procedure is open for ASC-CARS according to publications in the Belgian State Gazette; curator: KELLY DECALUWE.

Summary

The 2018 annual accounts show negative equity (-€27,168) and a net result of -€22,752.

Risk analysis Watch Report Compare

ASC-CARSOpen bankruptcy

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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, Kortrijk division
Declared bankrupt: 18 January 2022
Supervising judge: Marc Leterme
Official Gazette: 26-01-2022 (pdf) ↗search the document for 2022/102135

Curator

Kelly DecaluweDeken Camerlyncklaan 85, 8500 Kortrijkkelly.decaluwe@proximus.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.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

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. Full guide for creditors

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Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 03-10-2019, 64 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 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 46% of the sector filed late.

Checked, nothing found (1)

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 9 October 2015, ASC-CARS was incorporated.¹ The company has filed 3 sets of annual accounts, the latest for fiscal year 2018.² The company was declared bankrupt on 18 January 2022.³

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 Are there other customers at risk in your own list?Debtor check How is the Retail sale of cars and light vans (up to 3.5 tonnes) sector doing?Sector figures

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

Financials · fiscal year 2018, micro schema

Equity

-€27,168

Total assets

€98,737

Net result

-€22,752

Working capital

-€40,899

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €98,737

13.9%

86.1%

Fixed assets €13,731

Current assets €85,006

Key figures and ratios

2018 value

EBITDA

-€19,201

Cash flow

-€19,320

Solvency

-27.5%

Current ratio

0.68

Quick ratio

0.06

ROA

-23.0%

Debt

€125,905

Debt ≤ 1 year

€125,905

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2018 · 22 lines

Balance sheet Code2018

Assets

Total assets20/58€98,737

Fixed assets21/28€13,731

Tangible fixed assets22/27€13,731

Current assets29/58€85,006

Stocks and contracts in progress3€77,275

Amounts receivable within one year40/41€3,748

Cash at bank and in hand54/58€3,982

Equity and liabilities

Total equity and liabilities10/49€98,737

Equity10/15-€27,168

Contributions10/11€6,200

Profit (loss) carried forward14-€33,368

Amounts payable17/49€125,905

Amounts payable within one year42/48€125,905

Trade debts44€42,236

Income statement Code2018

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,433

Gross operating margin9900-€18,163

Operating profit (loss)9901-€22,633

Recurring financial income75€0

Recurring financial charges65€119

Profit (loss) for the period before taxes9903-€22,752

Profit (loss) for the period9904-€22,752

Profit (loss) for the period to be appropriated9905-€22,752

Line	2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€3,433
Gross operating margin9900	-€18,163
Operating profit (loss)9901	-€22,633
Recurring financial income75	€0
Recurring financial charges65	€119
Profit (loss) for the period before taxes9903	-€22,752
Profit (loss) for the period9904	-€22,752
Profit (loss) for the period to be appropriated9905	-€22,752

Line	2018
Assets
Total assets20/58	€98,737
Fixed assets21/28	€13,731
Tangible fixed assets22/27	€13,731
Current assets29/58	€85,006
Stocks and contracts in progress3	€77,275
Amounts receivable within one year40/41	€3,748
Cash at bank and in hand54/58	€3,982
Equity and liabilities
Total equity and liabilities10/49	€98,737
Equity10/15	-€27,168
Contributions10/11	€6,200
Profit (loss) carried forward14	-€33,368
Amounts payable17/49	€125,905
Amounts payable within one year42/48	€125,905
Trade debts44	€42,236

Line	2018
Profit (loss) for the period9904	-€22,752
+ Depreciation and write-downs630	€3,433
Operating cash flow (approximation)	-€19,320

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

Download as CSV

Timeline · acts, filings and financial milestones

All 4Signals 1Filings 3

2022

26-01

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · event 18-01-2022

2019

03-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 64 days late

2018

18-12

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 140 days late

18-12

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 505 days late

SignalNBB filing

0 of 7 acts read

About the unread acts

We know of 7 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

7 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, Wielsbeke · 1 establishment unit since 2015

exact location from the address register On OpenStreetMap

Ground area

933 m²

Building footprint

552 m²

Volume, LiDAR

2,446 m³

Parcel 37014C0094/00K000, Flanders · tallest building 9.1 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Rue du Bois Jacquet 1, 7740 Pecq

NACE 4511201

since 20152.250.878.367

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37014C0094/00K000	Flanders	933 m²	1 · 552 m²	9.1 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.

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	KELLY DECALUWE DEKEN CAMERLYNCKLAAN 85, 8500 KORTRIJK	18-01-2022 → present

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 10,664 companies in sector 47811 we hold annual accounts for 5,221. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company (pre-2019)

Founded09-10-2015

Fiscal year end31-12

Activities, NACEBEL 2025

47811Retail sale of cars and light vans (up to 3.5 tonnes)

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.

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