ASVAVO
Open bankruptcyA bankruptcy procedure is open for ASVAVO according to publications in the Belgian State Gazette; curator: OLIVIER DE PAEPE.
Summary
Inactive; last annual accounts for fiscal year 2023.
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, Ghent division
- Declared bankrupt
- 23 April 2024
- Supervising judge
- Ann De Causmaecker
- Official Gazette
- 29-04-2024 (pdf) ↗search the document for 2024/117491
Deadlines
- Provisional date payments stopped
- 13 April 2024Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 14 May 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 23 May 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 28 May 2024Goods 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 23 April 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Olivier De PaepeZeistraat 1A 002, 9850 Neveleodp@depaepe-advocaten.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
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-03-2024 close31-10-2024 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 13-02-2024, 105 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
105 d late
2022
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 65 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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 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 2023, micro schema
Equity
-€21,100
2022 · €3,378
Total assets
€82,062▼ 2.1%
2022 · €83,830
Net result
-€24,479
2022 · €378
Working capital
-€31,957▼ 516%
2022 · -€5,186
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
Line20222023
Operating result€2,172--€22,273
Net result€378--€24,479
Equity€3,378--€21,100
Total assets€83,830-€82,062▼ 2.1%
Debt€80,452-€103,163▲ 28.2%
Working capital-€5,186--€31,957▼ 516%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €22,273 after €2,172 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €82,062
Fixed assets
€10,857 ▼ 20.3%
Current assets
€71,206 ▲ 1.4%
Key figures and ratios
EBITDA
-€16,221▼
2022 · €10,338
Cash flow
-€18,427▼
2022 · €8,545
Solvency
-25.7%▼
2022 · 4.0%
Current ratio
0.69▼
2022 · 0.93
Quick ratio
0.66▼
2022 · 0.90
Debt to equity
-4.89▼
2022 · 23.81
ROA
-29.8%▼
2022 · 0.5%
Interest coverage
-7.23▼
2022 · 4.73
Debt ≤ 1 year
€103,163▲
2022 · €75,391
Staff costs
€1,332▲
2022 · €1,223
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €1,223 | €1,332 | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,167 | €6,052 | ▼ 25.9% |
| Other operating charges640/8 | €440 | €3,031 | ▲ 590% |
| Gross operating margin9900 | €12,000 | -€11,858 | ▼ 199% |
| Operating profit (loss)9901 | €2,172 | -€22,273 | ▼ 1,126% |
| Financial income75/76B | €941 | €36 | ▼ 96.2% |
| Recurring financial income75 | €941 | €36 | ▼ 96.2% |
| Financial charges65/66B | €2,187 | €2,242 | ▲ 2.5% |
| Recurring financial charges65 | €2,187 | €2,242 | ▲ 2.5% |
| Profit (loss) for the period before taxes9903 | €926 | -€24,479 | ▼ 2,745% |
| Income taxes67/77 | €547 | - | - |
| Profit (loss) for the period9904 | €378 | -€24,479 | ▼ 6,571% |
| Profit (loss) for the period to be appropriated9905 | €378 | -€24,479 | ▼ 6,571% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €83,830 | €82,062 | ▼ 2.1% |
| Fixed assets21/28 | €13,625 | €10,857 | ▼ 20.3% |
| Tangible fixed assets22/27 | €13,625 | €9,812 | ▼ 28.0% |
| Plant, machinery and equipment23 | €3,872 | €3,760 | ▼ 2.9% |
| Furniture and vehicles24 | €9,753 | €6,052 | ▼ 38.0% |
| Financial fixed assets28 | - | €1,045 | - |
| Current assets29/58 | €70,205 | €71,206 | ▲ 1.4% |
| Stocks and contracts in progress3 | €2,565 | €2,949 | ▲ 15.0% |
| Stocks30/36 | €2,565 | €2,949 | ▲ 15.0% |
| Amounts receivable within one year40/41 | €50,337 | €41,031 | ▼ 18.5% |
| Trade receivables40 | €46,358 | €36,087 | ▼ 22.2% |
| Other amounts receivable41 | €3,979 | €4,944 | ▲ 24.3% |
| Current investments50/53 | €150 | €150 | = |
| Cash at bank and in hand54/58 | €14,815 | €25,603 | ▲ 72.8% |
| Deferred charges and accrued income490/1 | €2,339 | €1,473 | ▼ 37.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €83,830 | €82,062 | ▼ 2.1% |
| Equity10/15 | €3,378 | -€21,100 | ▼ 725% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | €378 | €378 | = |
| Distributable reserves133 | €378 | €378 | = |
| Profit (loss) carried forward14 | - | -€24,479 | - |
| Amounts payable17/49 | €80,452 | €103,163 | ▲ 28.2% |
| Amounts payable within one year42/48 | €75,391 | €103,163 | ▲ 36.8% |
| Trade debts44 | €42,697 | €32,897 | ▼ 23.0% |
| Suppliers440/4 | €42,697 | €32,897 | ▼ 23.0% |
| Taxes, remuneration and social security45 | €547 | €636 | ▲ 16.2% |
| Taxes450/3 | €547 | €636 | ▲ 16.2% |
| Other amounts payable47/48 | €32,147 | €69,630 | ▲ 117% |
| Accrued charges and deferred income492/3 | €5,061 | - | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €378 | -€24,479 | ▼ 6,571% |
| + Depreciation and write-downs630 | €8,167 | €6,052 | ▼ 25.9% |
| Operating cash flow (approximation) | €8,545 | -€18,427 | ▼ 316% |
| Investment in fixed assets (approximation) | - | -€3,284 | - |
| Change in cash | - | €10,788 | - |
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
2024
29-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 23-04-2024
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 105 days late
2022
25-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | OLIVIER DE PAEPE ZEISTRAAT 1A 002, 9850 NEVELE- |
23-04-2024 → present |