B Fest
Open bankruptcyA bankruptcy procedure is open for B Fest according to publications in the Belgian State Gazette; curator: PIETER HUYGHE.
Summary
The 2024 annual accounts show negative equity (-€2.3m) and a net result of -€2.4m.
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
- 5 August 2026
- Supervising judge
- Isabelle Van Vooren
- Official Gazette
- 11-08-2026 (pdf) ↗search the document for 2026/134383
Deadlines
- Provisional date payments stopped
- 31 July 2026Payments 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 26 August 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 4 September 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 9 September 2026Goods 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
- 5 August 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Pieter HuygheSavaanstraat 72, 9000 Gentpieterhuyghe@kantoortorrekens.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
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
181920212224
2018 to 2024 · latest year -€2.3m
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 02-06-2025, 33 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 filingsDeviation from the deadline
2024
33 d late
2022
25 d early
2021
108 d early
2020
136 d early
2019
98 d early
2018
44 d early
2017
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 61 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Other amusement and recreation activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
-€2.3m
2022 · €53,415
Total assets
€2.5m▼ 29.9%
2022 · €3.6m
Net result
-€2.4m
2022 · €20,679
Working capital
-€2.0m▼ 373%
2022 · -€430,991
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222024
Operating result€20,891▼ 27.0%-€880,018€51,487€32,486▼ 36.9%-€2.3m-
Net result€67,875▲ 437%-€907,805below the sector's middle half€20,951within the sector's middle half€20,679within the sector's middle half▼ 1.3%-€2.4mbelow the sector's middle half-
Equity€319,590▲ 27.0%€11,785below the sector's middle half▼ 96.3%€32,736within the sector's middle half▲ 178%€53,415within the sector's middle half▲ 63.2%-€2.3mbelow the sector's middle half-
Total assets€2.8m▲ 17.9%€2.1mabove the sector's middle half▼ 23.7%€2.7mabove the sector's middle half▲ 28.1%€3.6mabove the sector's middle half▲ 31.6%€2.5mwithin the sector's middle half-
Debt€2.5m▲ 17.6%€2.1m▼ 14.4%€2.7m▲ 27.3%€3.6m▲ 31.3%€4.8m-
Working capital€39,379▼ 85.7%-€51,358-€285,003▼ 455%-€430,991▼ 51.2%-€2.0m-
Solvency11.4%▲ 0.8pp0.5%below the sector's middle half▼ 10.8pp1.2%below the sector's middle half▲ 0.6pp1.5%below the sector's middle half▲ 0.3pp-90.7%below the sector's middle half-
Staff (FTE)9▲ 30.4%7.6within the sector's middle half▼ 15.6%6.6within the sector's middle half▼ 13.2%8.5within the sector's middle half▲ 28.8%10.2within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€2.3m in 2024, compared with €32,486 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €2.5m
Fixed assets
€524,754 ▼ 47.0%
Current assets
€2.0m ▼ 23.5%
Key figures and ratios
EBITDA
-€1.7m▼
2022 · €377,095
Cash flow
-€1.7m▼
2022 · €365,289
Current ratio
0.50▼
2022 · 0.86
Debt to equity
-2.10▼
2022 · 66.77
ROA
-92.8%▼
2022 · 0.6%
Interest coverage
-16.16▼
2022 · 13.76
Debt ≤ 1 year
€4.1m▲
2022 · €3.1m
Debt > 1 year
€591,149▲
2022 · €412,798
Income taxes
€2,265▲
2022 · €1,103
Staff costs
€1.1m▲
2022 · €475,316
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | €39,690 | €42,178 | - |
| Remuneration, social security and pensions62 | - | - | €307,465 | €475,316 | €1.1m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €164,251 | €288,737 | €321,098 | €344,610 | €652,811 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0 | - | -€5,455 | - |
| Other operating charges640/8 | - | - | €6,559 | €9,464 | €33,287 | - |
| Non-recurring operating charges66A | - | - | €31,094 | €15,603 | €388,089 | - |
| Gross operating margin9900 | €650,809 | -€256,693 | €717,702 | €877,479 | -€177,389 | - |
| Operating profit (loss)9901 | €20,891 | -€880,018 | €51,487 | €32,486 | -€2.3m | - |
| Financial income75/76B | - | - | €8,756 | €16,692 | €66,420 | - |
| Recurring financial income75 | €2,594 | €1,872 | €8,756 | €16,692 | €66,420 | - |
| Financial charges65/66B | - | - | €38,812 | €27,396 | €102,859 | - |
| Recurring financial charges65 | €25,502 | €28,980 | €38,812 | €27,396 | €102,859 | - |
| Profit (loss) for the period before taxes9903 | €69,033 | -€907,127 | €21,431 | €21,782 | -€2.4m | - |
| Income taxes67/77 | €1,158 | €678 | €480 | €1,103 | €2,265 | - |
| Profit (loss) for the period9904 | €67,875 | -€907,805 | €20,951 | €20,679 | -€2.4m | - |
| Profit (loss) for the period to be appropriated9905 | €67,875 | -€907,805 | €20,951 | €20,679 | -€2.4m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €2.1m | €2.7m | €3.6m | €2.5m | - |
| Fixed assets21/28 | €657,295 | €1.1m | €946,657 | €989,958 | €524,754 | - |
| Intangible fixed assets21 | €11,508 | €288,088 | €221,466 | €155,243 | €42,209 | - |
| Tangible fixed assets22/27 | €645,652 | €792,882 | €719,706 | €829,231 | €482,211 | - |
| Plant, machinery and equipment23 | - | - | €562,358 | €608,511 | €215,677 | - |
| Furniture and vehicles24 | - | - | €96,423 | €64,867 | €35,192 | - |
| Leasing and similar rights25 | - | - | €37,619 | €97,963 | €195,393 | - |
| Other tangible fixed assets26 | - | - | €23,306 | €57,890 | €35,948 | - |
| Financial fixed assets28 | €135 | €8,485 | €5,485 | €5,485 | €335 | - |
| Current assets29/58 | €2.2m | €1.1m | €1.8m | €2.6m | €2.0m | - |
| Stocks and contracts in progress3 | €12,937 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €1.8m | €707,764 | €1.5m | €2.4m | €1.9m | - |
| Trade receivables40 | - | - | €1.1m | €1.5m | €1.3m | - |
| Other amounts receivable41 | - | - | €416,939 | €970,487 | €618,406 | - |
| Cash at bank and in hand54/58 | €48,488 | €225,846 | €59,391 | €34,799 | €5,673 | - |
| Deferred charges and accrued income490/1 | - | - | €195,555 | €154,043 | €126,964 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €2.1m | €2.7m | €3.6m | €2.5m | - |
| Equity10/15 | €319,590 | €11,785 | €32,736 | €53,415 | -€2.3m | - |
| Contributions10/11 | €117,750 | €717,750 | €717,750 | €717,750 | €717,750 | - |
| Capital10 | - | - | €717,750 | €717,750 | €717,750 | - |
| Issued capital100 | - | - | €717,750 | €717,750 | €717,750 | - |
| Reserves13 | €201,840 | €201,840 | €201,840 | €201,840 | €201,840 | - |
| Non-distributable reserves130/1 | - | - | €11,775 | €11,775 | €11,775 | - |
| Legal reserve130 | - | - | €11,775 | €11,775 | €11,775 | - |
| Distributable reserves133 | - | - | €190,065 | €190,065 | €190,065 | - |
| Profit (loss) carried forward14 | - | -€907,805 | -€886,854 | -€866,175 | -€3.2m | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €2.5m | €2.1m | €2.7m | €3.6m | €4.8m | - |
| Amounts payable after more than one year17 | €293,114 | €637,450 | €299,352 | €412,798 | €591,149 | - |
| Financial debts170/4 | - | - | €299,352 | €412,798 | €591,149 | - |
| Amounts payable within one year42/48 | €2.1m | €1.1m | €2.1m | €3.1m | €4.1m | - |
| Current portion of amounts payable after more than one year42 | - | - | €370,572 | €192,244 | €382,946 | - |
| Financial debts43 | - | - | €382,232 | €586,952 | €498,861 | - |
| Credit institutions430/8 | - | - | €382,232 | €586,952 | €498,861 | - |
| Trade debts44 | €1.1m | €390,063 | €933,059 | €1.8m | €3.0m | - |
| Suppliers440/4 | - | - | €933,059 | €1.8m | €3.0m | - |
| Taxes, remuneration and social security45 | - | - | €43,309 | €74,930 | €121,006 | - |
| Taxes450/3 | - | - | €13,128 | €21,214 | €8,683 | - |
| Remuneration and social security454/9 | - | - | €30,180 | €53,716 | €112,322 | - |
| Other amounts payable47/48 | - | - | €359,086 | €359,086 | €0 | - |
| Accrued charges and deferred income492/3 | - | - | €329,565 | €92,754 | €194,861 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,875 | -€907,805 | €20,951 | €20,679 | -€2.4m | - |
| + Depreciation and write-downs630 | €164,251 | €288,737 | €321,098 | €344,610 | €652,811 | - |
| Operating cash flow (approximation) | €232,126 | -€619,068 | €342,049 | €365,289 | -€1.7m | - |
| Investment in fixed assets (approximation) | - | -€720,898 | -€178,299 | -€387,911 | - | - |
| Change in cash | - | €177,358 | -€166,455 | -€24,592 | - | - |
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
11-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 05-08-2026
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 33 days late
2024
30-09
Financial
Weakest financial yearnet -€2.4m
Net result drops to -€2.4m, the lowest in the series.
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €20,951
Net result €20,951 after one loss-making year.
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €67,875 ▲437%
Net result €67,875, the highest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Show earlier events
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
29-04
State Gazette act
General meeting · Legal-form conversion
Net-asset statement · Director resignation
2015
26-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Gent · 1 establishment unit since 1995
Ground area
1.9 ha
Building footprint
1,241 m²
Volume, LiDAR
19,773 m³
Parcel 44032A0472/00R003, Flanders · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
85
companies at this address
See who is registered here
1 establishment unit
B FEST
since 19952.073.031.837
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0472/00R003 | Flanders | 1.9 ha | 1 · 1,241 m² | 18.8 m · 5 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 | PIETER HUYGHE SAVAANSTRAAT 72, 9000 GENT- |
05-08-2026 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- TWICE INDUSTRIES
- B Fest
Highest known parent: TWICE INDUSTRIES. The sources do not say who stands above it.
Owners 1
- TWICE INDUSTRIESparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 54,850 EUR awarded · 54,850 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 353 EUR | 353 EUR |
| 2024 | 1 | 7,227 EUR | 7,311 EUR |
| 2023 | 1 | 84 EUR | 0 EUR |
| 2022 | 2 | 47,186 EUR | 47,186 EUR |
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Of 6,734 companies in sector 93299 we hold annual accounts for 1,169. 912 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-07-1995
Fiscal year end30-09
Activities, NACEBEL 2025
93299Other amusement and recreation activities
Contact
Website
www.twice.be
E-mail
info@twice.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455838731
Registered
13-11-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.