BCS TECHNICS
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 4 March 2024 · trustee Johan Herpelinck · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Ghent, Bruges division
- Supervising judge
- Marleen Hoste
- Official Gazette
- 08-03-2024search the document for 2024/109816
Deadlines
- Provisional date payments stopped
- 4 March 2024A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 23 March 2024That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 3 April 2024art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 15 April 2024Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 4 March 2025A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Johan HerpelinckPrinsenlaan 2, 8400 Oostendejh@arionadvocaten.be
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol. The trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy declared bankrupt on 04-03-2024
- Legal form
- Private limited company (pre-2019)
- Activity
- Plumbing work NACE 43221and 3 others
- Establishment unit
- 2.016.995.927 since 18-01-1980
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts to 30-09-2021
- Gross margin
- €22,401
- ▲ 86.1%
- Turnover
- ≈ €200,000
- estimated
- Profit
- €2,152
- ▼ 36.5%
- Equity
- €19,549
- ▲ 12.4%
- Total assets
- €98,296
- ▼ 17.4%
Financials
Financials · financial year 2021, micro format
2021 annual accounts filed 12 days after the deadline Filed on 12 May 2022, deadline 30 April 2022 (7 months after the close on 30 September 2021, Companies Code art. 3:10). Source: NBB, 2022-20025505.
Annual accounts 2021 filed on 12-05-2022 PDF all 41 filings
Turnover
≈ €200,000
Estimated: probably between €150,000 and €410,000
Total assets
€98,296▼ 17.4%
2020 · €118,958
Net result
€2,152▼ 36.5%
2020 · €3,391
Working capital
€11,610▲ 12.5%
2020 · €10,319
Multi-year overview
2019 to 2021, 3 financial yearsOperating result
€13,246
▲ 61.4%
2021
20192021
Net result
€2,152
▼ 36.5%
2021
middle half of the sector
20192021
Equity
€19,549
▲ 12.4%
2021
lowest quarter of the sector
20192021
Total assets
€98,296
▼ 17.4%
2021
middle half of the sector
20192021
Debt
€78,747
▼ 22.5%
2021
20192021
Working capital
€11,610
▲ 12.5%
2021
middle half of the sector
20192021
Solvency
19.9%
▲ 5.3pp
2021
lowest quarter of the sector
20192021
Current ratio
1.15
▲ 0.04
2021
middle half of the sector
20192021
Return on assets (ROA)
2.2%
▼ 0.7pp
2021
middle half of the sector
20192021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021
Operating result€11,574-€8,206▼ 29.1%€13,246▲ 61.4%
Net result€5,753-€3,391within the sector's middle half▼ 41.1%€2,152within the sector's middle half▼ 36.5%
Equity€14,005-€17,397below the sector's middle half▲ 24.2%€19,549below the sector's middle half▲ 12.4%
Total assets€105,508-€118,958within the sector's middle half▲ 12.7%€98,296within the sector's middle half▼ 17.4%
Debt€91,503-€101,561▲ 11.0%€78,747▼ 22.5%
Working capital€2,758-€10,319within the sector's middle half▲ 274%€11,610within the sector's middle half▲ 12.5%
Solvency13.3%-14.6%below the sector's middle half▲ 1.4pp19.9%below the sector's middle half▲ 5.3pp
Current ratio1.03-1.11within the sector's middle half▲ 0.081.15within the sector's middle half▲ 0.04
Return on assets (ROA)5.5%-2.9%within the sector's middle half▼ 2.6pp2.2%within the sector's middle half▼ 0.7pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2021 is 61% higher than in 2020 and the highest since 2019. It is a recovery after the fall in 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €98,296
Fixed assets
€7,939 ▼ 32.2%
Current assets
€90,357 ▼ 15.7%
Equity and liabilities €98,296
Equity
€19,549 ▲ 12.4%
Debt
€78,747 ▼ 22.5%
Debt's share of the balance-sheet total falls from 85.4% to 80.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,892▲
2020 · €11,521
Cash flow
€6,799▲
2020 · €6,707
Quick ratio
0.73▼
2020 · 0.85
Debt to equity
4.03▲
2020 · 0.27
ROE
11.0%▼
2020 · 19.5%
Interest coverage
1.61
Debt ≤ 1 year
€78,747▼
2020 · €96,927
Debt > 1 year
€0▼
2020 · €4,634
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 |
|---|---|
| Tangible fixed assets | €874 |
| Depreciation and write-downs of the year | €4,647 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,101 | €3,315 | €4,647 | ▲ 40.2% |
| Other operating charges640/8 | - | - | €100 | - |
| Non-recurring operating charges66A | - | - | €4,408 | - |
| Gross operating margin9900 | €16,277 | €12,039 | €22,401 | ▲ 86.1% |
| Operating profit (loss)9901 | €11,574 | €8,206 | €13,246 | ▲ 61.4% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | €11 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €11,093 | - |
| Recurring financial charges65 | €5,832 | €4,814 | €11,093 | ▲ 130% |
| Profit (loss) for the period before taxes9903 | €5,753 | €3,391 | €2,152 | ▼ 36.5% |
| Profit (loss) for the period9904 | €5,753 | €3,391 | €2,152 | ▼ 36.5% |
| Profit (loss) for the period to be appropriated9905 | €5,753 | €3,391 | €2,152 | ▼ 36.5% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €105,508 | €118,958 | €98,296 | ▼ 17.4% |
| Fixed assets21/28 | €11,247 | €11,712 | €7,939 | ▼ 32.2% |
| Tangible fixed assets22/27 | €11,247 | €11,712 | €7,939 | ▼ 32.2% |
| Plant, machinery and equipment23 | - | - | €1,454 | - |
| Furniture and vehicles24 | - | - | €6,071 | - |
| Other tangible fixed assets26 | - | - | €414 | - |
| Current assets29/58 | €94,262 | €107,246 | €90,357 | ▼ 15.7% |
| Stocks and contracts in progress3 | €25,000 | €25,000 | €32,500 | ▲ 30.0% |
| Stocks30/36 | - | - | €25,000 | - |
| Contracts in progress37 | - | - | €7,500 | - |
| Amounts receivable within one year40/41 | €45,939 | €81,006 | €57,245 | ▼ 29.3% |
| Trade receivables40 | - | - | €27,531 | - |
| Other amounts receivable41 | - | - | €29,714 | - |
| Cash at bank and in hand54/58 | €0 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €612 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €105,508 | €118,958 | €98,296 | ▼ 17.4% |
| Equity10/15 | €14,005 | €17,397 | €19,549 | ▲ 12.4% |
| Contributions10/11 | €18,592 | - | €18,592 | - |
| Reserves13 | €3,951 | €3,951 | €3,951 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | - |
| Reserves not available under the articles1311 | - | - | €1,859 | - |
| Tax-exempt reserves132 | - | - | €496 | - |
| Distributable reserves133 | - | - | €1,596 | - |
| Profit (loss) carried forward14 | -€8,538 | -€5,146 | -€2,994 | ▲ 41.8% |
| Amounts payable17/49 | €91,503 | €101,561 | €78,747 | ▼ 22.5% |
| Amounts payable after more than one year17 | - | €4,634 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €0 | - |
| Amounts payable within one year42/48 | €91,503 | €96,927 | €78,747 | ▼ 18.8% |
| Current portion of amounts payable after more than one year42 | - | - | €4,913 | - |
| Financial debts43 | - | - | €15,457 | - |
| Credit institutions430/8 | - | - | €15,457 | - |
| Trade debts44 | €62,621 | €76,369 | €58,378 | ▼ 23.6% |
| Suppliers440/4 | - | - | €58,378 | - |
| Taxes, remuneration and social security45 | - | - | €0 | - |
| Taxes450/3 | - | - | €0 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,753 | €3,391 | €2,152 | ▼ 36.5% |
| + Depreciation and write-downs630 | €4,101 | €3,315 | €4,647 | ▲ 40.2% |
| Operating cash flow (approximation) | €9,855 | €6,707 | €6,799 | ▲ 1.4% |
| Investment in fixed assets (approximation) | - | -€3,780 | -€874 | ▲ 76.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 41 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2021 | micro format | 12-05-2022 | 2022-20025505 | |
| 30-09-2020 | micro format | 17-08-2021 | 2021-49400229 | |
| 30-09-2019 | micro format | 08-06-2020 | 2020-15200541 | |
| 30-09-2018 | micro format | 26-04-2019 | 2019-10900209 | |
| 30-09-2017 | micro format | 09-07-2018 | 2018-30800006 | |
| 30-09-2016 | abbreviated format | 14-09-2017 | 2017-61400543 | |
| 30-09-2015 | abbreviated format | 26-04-2016 | 2016-11200601 | |
| 30-09-2014 | abbreviated format | 23-04-2015 | 2015-10300357 | |
| 31-12-2012 | abbreviated format | 02-08-2013 | 2013-39300025 | |
| 31-12-2011 | abbreviated format | 23-08-2012 | 2012-44300377 |
Board & ownership
Directors
Directors
1 director
Bonte Jurgen
Current
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Johan Herpelinck Prinsenlaan 2, 8400 Oostende |
04-03-2024 → present |
Owners and capital
Owners
Network & group
BCS TECHNICS shares no director with another company.
Companies at the same address
5 other companies- SDS Registered office · since 2021 0771497517
- Jonckheere, Els (sole trader) Establishment · since 2021 0530992054
- Meesschaert, Miguel (sole trader) Establishment · since 2012 0848620039
- Beernaert, Frederik (sole trader) Establishment · since 1993 0682229803
- Beernaert, Jozef (sole trader) Establishment · since 1975 0532350252
Connections & network
1 current directorThe network starts from the directors of BCS TECHNICS. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2024
08-03
Bankruptcy
Bankruptcy declared
Enterprise Court of Ghent, Bruges division · judgment of 04-03-2024
2022
12-05
micro format · 12 days late
2021
30-09
Financial
Weakest financial yearnet €2,152 ▼36.5%
The net result drops to €2,152, the lowest from 2019 to 2021.
17-08
micro format · 109 days late
2020
08-06
micro format · 39 days late
2019
26-04
micro format · 4 days before the deadline
2018
09-07
micro format · 70 days late
2017
14-09
abbreviated format · 137 days late
2016
26-04
abbreviated format · 4 days before the deadline
2015
23-04
abbreviated format · 7 days before the deadline
2013
02-08
abbreviated format · 2 days late
2012
23-08
abbreviated format · 23 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 30 September 2021
- Legal form
- Private limited company (pre-2019)
- Active since
- 4 January 1980
Register details
Identity
Name
BCS TECHNICS in Dutch
Enterprise number
0420.040.286
Entity type
Legal entity
Registered office and establishments
Establishment unit
Establishment unit since 18-01-1980 · unit number 2.016.995.927
Activities
NACEBEL 202543221
Plumbing work main activity
41001
General construction of residential buildings
43410
Roofing work
47521
Retail sale of hardware, building materials, paint and glass (general range)
Codes under NACEBEL 2008
43221
Plumbing main activity
41201
General construction of buildings
43910
Specialised construction activities
47521
Retail trade
Codes under NACEBEL 2003
45211
main activity
52461
Invoicing and payment
VAT number
BE 0420.040.286
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Sites & property
Location
Buildings and parcels at the address
Ground area
2,786 m²
Building footprint
545 m²
Building volume
2,478 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 32010C1484/00H000 | Flanders | 2,786 m² | 1 · 545 m² | 7.8 m · 2 |