BELBO
Open bankruptcyA bankruptcy procedure is open for BELBO according to publications in the Belgian State Gazette; curator: SOFIE DE NIJS.
Summary
The 2020 annual accounts show equity of €99k and a net result of €17k.
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
- 4 July 2023
- Supervising judge
- Bertil Reunis
- Official Gazette
- 11-07-2023 (pdf) ↗search the document for 2023/128591
Curator
- Sofie De NijsGroot-Brittannielaan 10, 9000 Gentsofie@advocaatdenijs.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 · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 13-08-2021, 13 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
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
13 d late
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
Financials · fiscal year 2020, micro schema
Equity
€99k▲ 21.1%
2019 · €81k
Total assets
€221k▲ 40.8%
2019 · €157k
Net result
€17k▼ 52.8%
2019 · €36k
Working capital
€54k▼ 29.0%
2019 · €77k
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
Line201820192020
Operating result€4k-€57k▲ 1,468%€11k▼ 80.4%
Net result€5k-€36k▲ 649%€17k▼ 52.8%
Equity€45k-€81k▲ 80.7%€99k▲ 21.1%
Total assets€107k-€157k▲ 46.1%€221k▲ 40.8%
Debt€62k-€75k▲ 21.0%€122k▲ 62.1%
Working capital€30k-€77k▲ 157%€54k▼ 29.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 80% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €221k
Fixed assets
€44k ▲ 822%
Current assets
€176k ▲ 16.1%
Equity and liabilities €221k
Equity
€99k ▲ 21.1%
Debt
€122k ▲ 62.1%
Debt's share of the balance-sheet total rises from 48.0% to 55.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▼
2019 · €67k
Cash flow
€22k▼
2019 · €47k
Current ratio
1.45▼
2019 · 2.02
ROE
17.4%▼
2019 · 44.7%
ROA
7.8%▼
2019 · 23.2%
Debt ≤ 1 year
€122k▲
2019 · €75k
Income taxes
€8k▼
2019 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €10k | €5k | ▼ 51.3% |
| Gross operating margin9900 | €17k | €70k | €18k | ▼ 73.9% |
| Operating profit (loss)9901 | €4k | €57k | €11k | ▼ 80.4% |
| Recurring financial income75 | €3k | €9k | €15k | ▲ 62.2% |
| Recurring financial charges65 | €41 | €7 | €824 | ▲ 11,671% |
| Profit (loss) for the period before taxes9903 | €7k | €66k | €25k | ▼ 61.7% |
| Income taxes67/77 | €2k | €30k | €8k | ▼ 72.6% |
| Profit (loss) for the period9904 | €5k | €36k | €17k | ▼ 52.8% |
| Profit (loss) for the period to be appropriated9905 | €5k | €36k | €17k | ▼ 52.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €107k | €157k | €221k | ▲ 40.8% |
| Fixed assets21/28 | €15k | €5k | €44k | ▲ 822% |
| Tangible fixed assets22/27 | €11k | €836 | €40k | ▲ 4,713% |
| Financial fixed assets28 | €4k | €4k | €4k | = |
| Current assets29/58 | €92k | €152k | €176k | ▲ 16.1% |
| Amounts receivable within one year40/41 | €89k | €151k | €175k | ▲ 16.1% |
| Cash at bank and in hand54/58 | €3k | €1 | €2 | ▲ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €107k | €157k | €221k | ▲ 40.8% |
| Equity10/15 | €45k | €81k | €99k | ▲ 21.1% |
| Contributions10/11 | €20k | €20k | - | - |
| Reserves13 | €7k | €43k | €60k | ▲ 39.8% |
| Profit (loss) carried forward14 | €18k | €18k | €18k | = |
| Amounts payable17/49 | €62k | €75k | €122k | ▲ 62.1% |
| Amounts payable within one year42/48 | €62k | €75k | €122k | ▲ 62.1% |
| Trade debts44 | €31k | €10k | €13k | ▲ 34.6% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €36k | €17k | ▼ 52.8% |
| + Depreciation and write-downs630 | €11k | €10k | €5k | ▼ 51.3% |
| Operating cash flow (approximation) | €16k | €47k | €22k | ▼ 52.4% |
| Investment in fixed assets (approximation) | - | €0 | €-44k | - |
| Change in cash | - | €-3k | €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.
Timeline · acts, filings and financial milestones
2023
11-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 04-07-2023
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €36k ▲649%
Operating result €57k, net result €36k, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 65 days late
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 56 days late
2014
02-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
04-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 127 days late
01-03
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 214 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
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Directors · office · real estate
Directors
8 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, Stekene · 1 establishment unit since 2021
Ground area
2,518 m²
Building footprint
770 m²
Volume, LiDAR
1,272 m³
2 parcels, Flanders · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BELBO
since 20212.323.518.895
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44011A0914/00W005 | Flanders | 1,905 m² | 1 · 589 m² | 4.8 m |
| 46024A0635/00E000 | Flanders | 613 m² | 1 · 181 m² | 10.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | SOFIE DE NIJS GROOT-BRITTANNIELAAN 10,
9000 GENT |
04-07-2023 → present |
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 5,188 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
Founded16-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.