ATEL GROUP
Open bankruptcyA bankruptcy procedure is open for ATEL GROUP according to publications in the Belgian State Gazette; curator: MAARTEN BENTEIN.
Summary
The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €62k and a net result of €29k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-10-2023, 86 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
86 d late
2021
54 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, micro schema
Turnover
€206k▼ 0.4%
2021 · €206k
2021: €206k
2022: €206k▼ -0.4% vs 2021
2021 → 2022
EBIT margin
14.1%▲ 3.9pp
2021 · 10.3%
2021: 10.3%
2022: 14.1%▲ +37.5% vs 2021
2021 → 2022
Net result
€29k▲ 37.7%
2021 · €21k
2021: €21k
2022: €29k▲ +37.7% vs 2021
2021 → 2022
Working capital
€48k▲ 152%
2021 · €19k
2021: €19k
2022: €48k▲ +152% vs 2021
2021 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Turnover€206k-€206k▼ 0.4%
2021: €206k
2022: €206k▼ -0.4% vs 2021
Equity€33k-€62k▲ 86.4%
2021: €33k
2022: €62k▲ +86.4% vs 2021
Operating result€21k-€29k▲ 36.9%
2021: €21k
2022: €29k▲ +36.9% vs 2021
Net result€21k-€29k▲ 37.7%
2021: €21k
2022: €29k▲ +37.7% vs 2021
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2022; 2022 is 37% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €79k
Fixed assets
€14k ▼ 1.2%
Current assets
€65k ▲ 41.3%
Equity and liabilities €79k
Equity
€62k ▲ 86.4%
Debt
€18k ▼ 34.9%
Debt's share of the balance-sheet total falls from 45.4% to 22.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▲
2021 · €26k
Cash flow
€35k▲
2021 · €26k
Current ratio
3.66▲
2021 · 1.69
Debt to equity
0.29▼
2021 · 0.83
ROE
46.3%▼
2021 · 62.7%
ROA
35.9%▲
2021 · 34.3%
Interest coverage
82.74▼
2021 · 137.76
Debt ≤ 1 year
€18k▼
2021 · €27k
Staff costs
€1k▼
2021 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 40 lines
Balance sheet
Code20212022
Assets
Total assets20/58€60k€79k▲
Fixed assets21/28€14k€14k▼
Tangible fixed assets22/27€14k€14k▼
Plant, machinery and equipment23€804€536▼
Furniture and vehicles24€13k€13k▲
Current assets29/58€46k€65k▲
Amounts receivable within one year40/41€45k€42k▼
Trade receivables40€29k€29k▼
Other amounts receivable41€16k€13k▼
Cash at bank and in hand54/58€914€18k▲
Deferred charges and accrued income490/1€240€6k▲
Equity and liabilities
Total equity and liabilities10/49€60k€79k▲
Equity10/15€33k€62k▲
Contributions10/11€12k€12k=
Outside capital11€12k-
Other1109/19€12k-
Profit (loss) carried forward14€21k€49k▲
Amounts payable17/49€27k€18k▼
Amounts payable within one year42/48€27k€18k▼
Trade debts44€6k€18k▲
Suppliers440/4€6k€18k▲
Other amounts payable47/48€22k-
Income statement
Code20212022
Turnover70€206k€206k▼
Non-recurring operating income76A€2k-
Goods, raw materials, services and sundry goods60/61€180k€168k▼
Remuneration, social security and pensions62€2k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€727€199▼
Gross operating margin9900€29k€37k▲
Operating profit (loss)9901€21k€29k▲
Financial income75/76B-€310
Recurring financial income75-€310
Financial charges65/66B€523€878▲
Recurring financial charges65€189€428▲
Non-recurring financial charges66B€334€450▲
Profit (loss) for the period before taxes9903€21k€29k▲
Profit (loss) for the period9904€21k€29k▲
Profit (loss) for the period to be appropriated9905€21k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€49k▲
Profit (loss) brought forward from the previous period14P-€21k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Turnover70 | €206k | €206k | ▼ 0.4% |
| Non-recurring operating income76A | €2k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €180k | €168k | ▼ 6.3% |
| Remuneration, social security and pensions62 | €2k | €1k | ▼ 33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | ▲ 32.5% |
| Other operating charges640/8 | €727 | €199 | ▼ 72.7% |
| Gross operating margin9900 | €29k | €37k | ▲ 28.2% |
| Operating profit (loss)9901 | €21k | €29k | ▲ 36.9% |
| Financial income75/76B | - | €310 | - |
| Recurring financial income75 | - | €310 | - |
| Financial charges65/66B | €523 | €878 | ▲ 67.9% |
| Recurring financial charges65 | €189 | €428 | ▲ 127% |
| Non-recurring financial charges66B | €334 | €450 | ▲ 34.7% |
| Profit (loss) for the period before taxes9903 | €21k | €29k | ▲ 37.7% |
| Profit (loss) for the period9904 | €21k | €29k | ▲ 37.7% |
| Profit (loss) for the period to be appropriated9905 | €21k | €29k | ▲ 37.7% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €60k | €79k | ▲ 31.3% |
| Fixed assets21/28 | €14k | €14k | ▼ 1.2% |
| Tangible fixed assets22/27 | €14k | €14k | ▼ 1.2% |
| Plant, machinery and equipment23 | €804 | €536 | ▼ 33.3% |
| Furniture and vehicles24 | €13k | €13k | ▲ 0.7% |
| Current assets29/58 | €46k | €65k | ▲ 41.3% |
| Amounts receivable within one year40/41 | €45k | €42k | ▼ 7.7% |
| Trade receivables40 | €29k | €29k | ▼ 3.0% |
| Other amounts receivable41 | €16k | €13k | ▼ 16.6% |
| Cash at bank and in hand54/58 | €914 | €18k | ▲ 1,827% |
| Deferred charges and accrued income490/1 | €240 | €6k | ▲ 2,456% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €60k | €79k | ▲ 31.3% |
| Equity10/15 | €33k | €62k | ▲ 86.4% |
| Contributions10/11 | €12k | €12k | = |
| Outside capital11 | €12k | - | - |
| Other1109/19 | €12k | - | - |
| Profit (loss) carried forward14 | €21k | €49k | ▲ 138% |
| Amounts payable17/49 | €27k | €18k | ▼ 34.9% |
| Amounts payable within one year42/48 | €27k | €18k | ▼ 34.9% |
| Trade debts44 | €6k | €18k | ▲ 216% |
| Suppliers440/4 | €6k | €18k | ▲ 216% |
| Other amounts payable47/48 | €22k | - | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €29k | ▲ 37.7% |
| + Depreciation and write-downs630 | €5k | €6k | ▲ 32.5% |
| Operating cash flow (approximation) | €26k | €35k | ▲ 36.7% |
| Investment in fixed assets (approximation) | - | €-6k | - |
| Change in cash | - | €17k | - |
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
2026
19-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 13-01-2026
2025
07-05
KBO administration
Address struck
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 86 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 3.66
Current ratio from 1.69 to 3.66; short-term debt falls from €27k to €18k.
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Grimbergen · 1 establishment unit since 2020
Ground area
79 m²
Building footprint
79 m²
Volume, LiDAR
565 m³
Parcel 23084A0165/02W000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ATEL GROUP
since 20202.305.696.235
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0165/02W000 | Flanders | 79 m² | 1 · 79 m² | 11.2 m · 3 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 | MAARTEN BENTEIN EDMOND TOLLENAERE-
STRAAT 56-76 B23, 1020 BRUSSEL 2- maart |
13-01-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,809 EUR awarded · 1,809 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,636 EUR | 1,636 EUR |
| 2022 | 1 | 173 EUR | 173 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Identification & contact
Identification
Legal formPrivate limited company
Founded16-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
33140Repair and maintenance of electrical equipment
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Scores and ratios are computed by Checked and are not a credit decision.