ATHELEC
Open bankruptcyA bankruptcy procedure is open for ATHELEC according to publications in the Belgian State Gazette; curator: JEAN-MICHEL DERICK.
Summary
Inactive; last annual accounts for fiscal year 2019.
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
- 18 December 2023
- Supervising judge
- Rene Vanden Berghe
- Official Gazette
- 27-12-2023 (pdf) ↗search the document for 2023/149506
Curator
- Jean-Michel DerickAvenue Louise 391 Bte 3, 1050 Fr Bruxelles 5jeanmichel.derick@edpnet.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
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 27-08-2020, 27 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 27 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?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2019, micro schema
Equity
€12,916
2018 · -€3,823
Total assets
€38,832▲ 189%
2018 · €13,434
Net result
€16,739
2018 · -€363
Working capital
€12,187
2018 · -€5,254
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
Line20182019
Operating result-€455-€16,658
Net result-€363-€16,739
Equity-€3,823-€12,916
Total assets€13,434-€38,832▲ 189%
Debt€17,257-€25,916▲ 50.2%
Working capital-€5,254-€12,187
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2019: €16,658 after a loss of €455 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €38,832
Fixed assets
€729 ▼ 49.1%
Current assets
€38,103 ▲ 217%
Equity and liabilities €38,832
Equity
€12,916
Debt
€25,916
Debt finances 66.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€17,360▲
2018 · €248
Cash flow
€17,441▲
2018 · €340
Current ratio
1.47▲
2018 · 0.70
ROE
129.6%
ROA
43.1%▲
2018 · -2.7%
Debt ≤ 1 year
€25,916▲
2018 · €17,257
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €702 | €702 | = |
| Gross operating margin9900 | €375 | €17,615 | ▲ 4,595% |
| Operating profit (loss)9901 | -€455 | €16,658 | ▲ 3,762% |
| Recurring financial income75 | €182 | €81 | ▼ 55.3% |
| Recurring financial charges65 | €89 | - | - |
| Profit (loss) for the period before taxes9903 | -€363 | €16,739 | ▲ 4,717% |
| Profit (loss) for the period9904 | -€363 | €16,739 | ▲ 4,717% |
| Profit (loss) for the period to be appropriated9905 | -€363 | €16,739 | ▲ 4,717% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €13,434 | €38,832 | ▲ 189% |
| Fixed assets21/28 | €1,431 | €729 | ▼ 49.1% |
| Tangible fixed assets22/27 | €1,311 | €609 | ▼ 53.6% |
| Financial fixed assets28 | €120 | €120 | = |
| Current assets29/58 | €12,002 | €38,103 | ▲ 217% |
| Amounts receivable within one year40/41 | €4,463 | €1,255 | ▼ 71.9% |
| Cash at bank and in hand54/58 | €6,151 | €36,848 | ▲ 499% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €13,434 | €38,832 | ▲ 189% |
| Equity10/15 | -€3,823 | €12,916 | ▲ 438% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€22,423 | -€5,684 | ▲ 74.7% |
| Amounts payable17/49 | €17,257 | €25,916 | ▲ 50.2% |
| Amounts payable within one year42/48 | €17,257 | €25,916 | ▲ 50.2% |
| Trade debts44 | €1,003 | €2,125 | ▲ 112% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€363 | €16,739 | ▲ 4,717% |
| + Depreciation and write-downs630 | €702 | €702 | = |
| Operating cash flow (approximation) | €340 | €17,441 | ▲ 5,031% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €30,697 | - |
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
27-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 18-12-2023
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Back to profitnet €16,739
Net result €16,739 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.47
Current ratio from 0.70 to 1.47.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
27-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
26-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
05-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
20-09
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 51 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN-MICHEL DERICK AVENUE LOUISE 391 BTE 3,
1050 FR BRUXELLES 5 |
18-12-2023 → present |