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B B & E

Open bankruptcy
Private limited company (pre-2019)founded 2007Veldeken 37, 9850 Deinze, BelgiumKBO/BCE: BE 0887.417.267

A bankruptcy procedure is open for B B & E according to publications in the Belgian State Gazette; curator: SERGE VAN EEGHEM.

Summary

The file additionally contains 1 judicial reorganisation. The 2022 annual accounts show equity of €153,047 and a net result of €9,864.

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
27 February 2024
Supervising judge
Filip De Clercq
Official Gazette
05-03-2024 (pdf) ↗search the document for 2024/109201

Curator

  • Serge Van EeghemZuidstationstraat 34-36, 9000 Gentserge.vaneeghem@vaneeghem.com

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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
raises risk · Register: open bankruptcy
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
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 02-10-2023, 63 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
63 d late
2021
82 d late
2020
121 d late
2019
76 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 86 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 44% of the sector filed late.

Checked, nothing found (1)
neutral · 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 21 February 2007, B B & E was incorporated.1 Total assets went from EUR 333,227 in 2018 to EUR 544,516 in 2022.2 The company was declared bankrupt on 27 February 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2022
  3. 3Belgian State Gazette, 05-03-2024

Go further with this company

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

Financials · fiscal year 2022, micro schema

Equity
€153,047▲ 6.9%
2021 · €143,183
Total assets
€544,516▼ 16.8%
2021 · €654,643
Net result
€9,864▼ 80.9%
2021 · €51,557
Working capital
€98,081▼ 68.7%
2021 · €313,379
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
Line20182019202020212022
Operating result€19,867-€9,541▼ 52.0%€19,761▲ 107%€58,157▲ 194%€11,944▼ 79.5%
Net result€11,411-€702▼ 93.8%€12,248▲ 1,645%€51,557▲ 321%€9,864▼ 80.9%
Equity€76,993-€79,378▲ 3.1%€91,626▲ 15.4%€143,183▲ 56.3%€153,047▲ 6.9%
Total assets€333,227-€406,903▲ 22.1%€432,451▲ 6.3%€654,643▲ 51.4%€544,516▼ 16.8%
Debt€256,234-€327,525▲ 27.8%€340,825▲ 4.1%€511,460▲ 50.1%€391,469▼ 23.5%
Working capital€39,397-€90,349▲ 129%€102,807▲ 13.8%€313,379▲ 205%€98,081▼ 68.7%
Staff (FTE)0.60.7▲ 16.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2018: €19,867€19,867Net result 2018: €11,411€11,411Operating result 2019: €9,541€9,541Net result 2019: €702€702Operating result 2020: €19,761€19,761Net result 2020: €12,248€12,248Operating result 2021: €58,157€58,157Net result 2021: €51,557€51,557Operating result 2022: €11,944€11,944Net result 2022: €9,864€9,86420182019202020212022€0€20,000€40,000€60,000Operating result 2020: €19,761€19,800Net result 2020: €12,248€12,200Operating result 2021: €58,157€58,200Net result 2021: €51,557€51,600Operating result 2022: €11,944€11,900Net result 2022: €9,864€9,860202020212022
The operating result falls in 2022; 2022 is 79% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €490,590
Fixed assets €263,639 ▲ 276%
Current assets €226,951 ▼ 58.9%
Equity and liabilities €544,516
Equity €153,047 ▲ 6.9%
Debt €391,469 ▼ 23.5%
Debt's share of the balance-sheet total falls from 78.1% to 71.9%. Equity is higher and debt is lower.
Key figures and ratios
2022 value · change against 2021
EBITDA
€55,050▼
2021 · €113,370
Cash flow
€52,970▼
2021 · €106,770
Current ratio
1.76▼
2021 · 2.31
Quick ratio
1.76▼
2021 · 2.31
Debt to equity
2.56▼
2021 · 3.57
ROE
6.4%▼
2021 · 36.0%
ROA
1.8%▼
2021 · 7.9%
Interest coverage
26.47▲
2021 · 17.16
Debt ≤ 1 year
€128,870▼
2021 · €239,398
Debt > 1 year
€262,599▼
2021 · €272,062
Staff costs
€26,655▲
2021 · €19,001
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 55 lines
Balance sheet Code20212022
Assets
Total assets20/58€654,643€544,516▼
Formation expenses20€31,791€53,926▲
Fixed assets21/28€70,075€263,639▲
Tangible fixed assets22/27€64,206€256,274▲
Plant, machinery and equipment23€56,090€247,274▲
Furniture and vehicles24€8,116€9,000▲
Financial fixed assets28€5,869€7,365▲
Current assets29/58€552,777€226,951▼
Stocks and contracts in progress3€633€574▼
Stocks30/36€633€574▼
Amounts receivable within one year40/41€544,208€223,397▼
Trade receivables40€507,787€223,397▼
Other amounts receivable41€36,421-
Cash at bank and in hand54/58€41€42▲
Deferred charges and accrued income490/1€7,895€2,938▼
Equity and liabilities
Total equity and liabilities10/49€654,643€544,516▼
Equity10/15€143,183€153,047▲
Contributions10/11€20,000€20,000=
Capital10€20,000-
Issued capital100€20,000-
Reserves13€123,183€133,047▲
Non-distributable reserves130/1€2,000€2,000=
Legal reserve130€2,000-
Reserves not available under the articles1311-€2,000
Tax-exempt reserves132€20,891€20,891=
Distributable reserves133€100,292€110,156▲
Amounts payable17/49€511,460€391,469▼
Amounts payable after more than one year17€272,062€262,599▼
Financial debts170/4€272,062€262,599▼
Amounts payable within one year42/48€239,398€128,870▼
Current portion of amounts payable after more than one year42€11,795€9,463▼
Financial debts43€34,424€33,783▼
Credit institutions430/8€34,424€33,783▼
Trade debts44€59,292€42,240▼
Suppliers440/4€59,292€42,240▼
Advances received on contracts in progress46€103,330€15,453▼
Taxes, remuneration and social security45€30,557€27,931▼
Taxes450/3€20,568€20,545▼
Remuneration and social security454/9€9,989€7,386▼
Income statement Code20212022
Non-recurring operating income76A€2,844-
Remuneration, social security and pensions62€19,001€26,655▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55,213€43,106▼
Other operating charges640/8€2,844€5,369▲
Gross operating margin9900€135,215€87,074▼
Operating profit (loss)9901€58,157€11,944▼
Financial income75/76B€8-
Recurring financial income75€8-
Financial charges65/66B€6,608€2,080▼
Recurring financial charges65€6,608€2,080▼
Profit (loss) for the period before taxes9903€51,557€9,864▼
Profit (loss) for the period9904€51,557€9,864▼
Profit (loss) for the period to be appropriated9905€51,557€9,864▼
Appropriation of the result
Profit (loss) to be appropriated9906€51,557€9,864▼
Transfer to equity691/2€51,557€9,864▼
To other reserves6921€51,557€9,864▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Non-recurring operating income76A---€2,844--
Remuneration, social security and pensions62---€19,001€26,655▲ 40.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58,122€60,574-€55,213€43,106▼ 21.9%
Other operating charges640/8---€2,844€5,369▲ 88.8%
Gross operating margin9900€107,543€100,772€34,287€135,215€87,074▼ 35.6%
Operating profit (loss)9901€19,867€9,541€19,761€58,157€11,944▼ 79.5%
Financial income75/76B---€8--
Recurring financial income75€7€77€1€8--
Financial charges65/66B---€6,608€2,080▼ 68.5%
Recurring financial charges65€4,035€6,882€7,514€6,608€2,080▼ 68.5%
Profit (loss) for the period before taxes9903€15,839€2,736€12,248€51,557€9,864▼ 80.9%
Income taxes67/77€4,428€351----
Profit (loss) for the period9904€11,411€702€12,248€51,557€9,864▼ 80.9%
Profit (loss) for the period to be appropriated9905€7,986€702€12,248€51,557€9,864▼ 80.9%
Line20182019202020212022Change
Assets
Total assets20/58€333,227€406,903€432,451€654,643€544,516▼ 16.8%
Formation expenses20€20,414€14,892€14,891€31,791€53,926▲ 69.6%
Fixed assets21/28€157,009€126,199€125,990€70,075€263,639▲ 276%
Tangible fixed assets22/27€151,233€120,558€120,558€64,206€256,274▲ 299%
Plant, machinery and equipment23---€56,090€247,274▲ 341%
Furniture and vehicles24---€8,116€9,000▲ 10.9%
Financial fixed assets28€5,776€5,641€5,432€5,869€7,365▲ 25.5%
Current assets29/58€155,804€265,812€291,570€552,777€226,951▼ 58.9%
Stocks and contracts in progress3€2,311€1,265€633€633€574▼ 9.3%
Stocks30/36---€633€574▼ 9.3%
Amounts receivable within one year40/41€147,811€260,576€284,487€544,208€223,397▼ 59.0%
Trade receivables40---€507,787€223,397▼ 56.0%
Other amounts receivable41---€36,421--
Cash at bank and in hand54/58€3,976€1,974€2,457€41€42▲ 2.4%
Deferred charges and accrued income490/1---€7,895€2,938▼ 62.8%
Equity and liabilities
Total equity and liabilities10/49€333,227€406,903€432,451€654,643€544,516▼ 16.8%
Equity10/15€76,993€79,378€91,626€143,183€153,047▲ 6.9%
Contributions10/11€20,000€20,000€20,000€20,000€20,000=
Capital10---€20,000--
Issued capital100---€20,000--
Reserves13€56,993€59,378€71,626€123,183€133,047▲ 8.0%
Non-distributable reserves130/1---€2,000€2,000=
Legal reserve130---€2,000--
Reserves not available under the articles1311----€2,000-
Tax-exempt reserves132---€20,891€20,891=
Distributable reserves133---€100,292€110,156▲ 9.8%
Profit (loss) carried forward14€23,479€27,799€27,799---
Amounts payable17/49€256,234€327,525€340,825€511,460€391,469▼ 23.5%
Amounts payable after more than one year17€139,827€152,062€152,062€272,062€262,599▼ 3.5%
Financial debts170/4---€272,062€262,599▼ 3.5%
Amounts payable within one year42/48€116,407€175,463€188,763€239,398€128,870▼ 46.2%
Current portion of amounts payable after more than one year42---€11,795€9,463▼ 19.8%
Financial debts43---€34,424€33,783▼ 1.9%
Credit institutions430/8---€34,424€33,783▼ 1.9%
Trade debts44€50,444€56,592€51,501€59,292€42,240▼ 28.8%
Suppliers440/4---€59,292€42,240▼ 28.8%
Advances received on contracts in progress46---€103,330€15,453▼ 85.0%
Taxes, remuneration and social security45---€30,557€27,931▼ 8.6%
Taxes450/3---€20,568€20,545▼ 0.1%
Remuneration and social security454/9---€9,989€7,386▼ 26.1%
Line20182019202020212022Change
Profit (loss) for the period9904€11,411€702€12,248€51,557€9,864▼ 80.9%
+ Depreciation and write-downs630€58,122€60,574-€55,213€43,106▼ 21.9%
Operating cash flow (approximation)€69,533€61,276€12,248€106,770€52,970▼ 50.4%
Investment in fixed assets (approximation)--€29,764€209€702-€236,670▼ 33,814%
Change in cash--€2,002€483-€2,416€1▲ 100%

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

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Timeline · acts, filings and financial milestones

2024
05-03
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 27-02-2024
2023
02-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
31-12
Financial Equity above €150,000Eq €153,047 ▲6.9%
5 profitable years in a row build equity to €153,047.
21-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
2021
31-12
Financial Highest result since 2018net €51,557 ▲321%
Operating result €58,157, net result €51,557, both a record.
31-12
Financial Equity above €100,000Eq €143,183 ▲56.3%
4 profitable years in a row build equity to €143,183.
29-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
26-04
Judicial reorganisation Plan homologation
Ondernemingsrechtbank Gent · event 20-04-2021
2020
15-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
2019
31-12
Financial Weakest financial yearnet €702 ▼93.8%
Net result drops to €702, the lowest in the series.
29-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
23-10
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 84 days late
Show earlier events
2017
19-10
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 80 days late
2016
06-12
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 128 days late
2015
15-05
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
12-02
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 196 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Deinze · 1 establishment unit since 2010
seat establishment The establishment unit on the map
Ground area
861 m²
Building footprint
658 m²
Volume, LiDAR
2,922 m³
Parcel 44049E0510/00F000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
DE STEENHOVE
Veldeken 37, 9850 DeinzeRetail trade
since 20102.191.974.326
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44049E0510/00F000 Flanders 861 m² 1 · 658 m² 11.8 m · 2 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 SERGE VAN EEGHEM
ZUIDSTATIONSTRAAT 34-36, 9000 GENT
27-02-2024 → present

Public money · subsidies and aid

Flemish government

2022 to 2023 · 2 entries · 1,395 EUR awarded · 2,895 EUR paid
Year Entries awardedpaid
2023 1 0 EUR1,500 EUR
2022 1 1,395 EUR1,395 EUR
Schemes
2 entries · 1,395 EUR · 2,895 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 3,005 companies in sector 55203 we hold annual accounts for 692. 515 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
93299Other amusement and recreation activities

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