BELBOG
Open bankruptcyA bankruptcy procedure is open for BELBOG according to publications in the Belgian State Gazette; curator: Mr. HERMAN WILLEMS.
Summary
The 2024 annual accounts show equity of €194,996 and a net result of €11,917.
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
- Rechtbank van koophandel te Dendermonde
- Declared bankrupt
- 17 March 2014
- Supervising judge
- Evelyne Martens
- Official Gazette
- 26-03-2014 (pdf) ↗search the document for 2014/010692
Deadlines
- Provisional date payments stopped
- 17 March 2014A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 10 April 2014Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 16 April 2014art. XX.104 and XX.155 CEL
- First verification report
- passed on 25 April 2014Goods 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
- passed on 17 March 2015Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Mr. Herman Willems9100 Sint-Niklaas, Tereken 91
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
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
89 d late
2022
24 d late
2021
1 d early
2020
4 d early
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 53 days after 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 Are there other customers at risk in your own list?List enrichment How is the General electrical installation work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€194,996▲ 6.5%
2023 · €183,079
Total assets
€234,740▼ 12.8%
2023 · €269,314
Net result
€11,917▼ 74.2%
2023 · €46,257
Working capital
€191,478▲ 8.9%
2023 · €175,787
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result-€13,370▼ 133%€27,361€99,016▲ 262%€58,318▼ 41.1%€12,880▼ 77.9%
Net result-€798below the sector's middle half▲ 93.0%€26,512within the sector's middle half€76,337above the sector's middle half▲ 188%€46,257above the sector's middle half▼ 39.4%€11,917within the sector's middle half▼ 74.2%
Equity€29,163within the sector's middle half▲ 5.4%€55,675within the sector's middle half▲ 90.9%€132,013above the sector's middle half▲ 137%€183,079above the sector's middle half▲ 38.7%€194,996above the sector's middle half▲ 6.5%
Total assets€53,082below the sector's middle half▼ 61.5%€90,584within the sector's middle half▲ 70.6%€187,308within the sector's middle half▲ 107%€269,314within the sector's middle half▲ 43.8%€234,740within the sector's middle half▼ 12.8%
Debt€23,919▼ 78.3%€34,909▲ 45.9%€55,296▲ 58.4%€86,235▲ 56.0%€39,744▼ 53.9%
Working capital€28,944within the sector's middle half▲ 1.9%€47,816within the sector's middle half▲ 65.2%€124,857above the sector's middle half▲ 161%€175,787above the sector's middle half▲ 40.8%€191,478above the sector's middle half▲ 8.9%
Solvency54.9%within the sector's middle half▲ 34.9pp61.5%within the sector's middle half▲ 6.5pp70.5%above the sector's middle half▲ 9.0pp68.0%above the sector's middle half▼ 2.5pp83.1%above the sector's middle half▲ 15.1pp
Current ratio3.75above the sector's middle half▲ 2.442.38within the sector's middle half▼ 1.373.26above the sector's middle half▲ 0.883.04within the sector's middle half▼ 0.225.82above the sector's middle half▲ 2.78
Return on assets (ROA)-1.5%below the sector's middle half▲ 6.7pp29.3%above the sector's middle half▲ 30.8pp40.8%above the sector's middle half▲ 11.5pp17.2%within the sector's middle half▼ 23.6pp5.1%within the sector's middle half▼ 12.1pp
Staff (FTE)1.21.2=1.4▲ 16.7%2.2▲ 57.1%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 78% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €234,740
Fixed assets
€3,518 ▼ 52.0%
Current assets
€231,222 ▼ 11.7%
Equity and liabilities €234,740
Equity
€194,996 ▲ 6.5%
Debt
€39,744 ▼ 53.9%
Debt's share of the balance-sheet total falls from 32.0% to 16.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,692▼
2023 · €63,044
Cash flow
€15,729▼
2023 · €50,982
Debt to equity
0.20▼
2023 · 0.47
ROE
6.1%▼
2023 · 25.3%
Interest coverage
35.46▼
2023 · 301.66
Debt ≤ 1 year
€39,744▼
2023 · €86,197
Income taxes
€8,175▼
2023 · €20,672
Staff costs
€93,958▲
2023 · €48,106
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €29,910 | €37,630 | €48,106 | €93,958 | ▲ 95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,242 | €7,681 | €3,754 | €4,725 | €3,812 | ▼ 19.3% |
| Other operating charges640/8 | - | €4,412 | €3,641 | €3,451 | €3,779 | ▲ 9.5% |
| Gross operating margin9900 | €26,321 | €69,363 | €144,042 | €114,600 | €114,429 | ▼ 0.1% |
| Operating profit (loss)9901 | -€13,370 | €27,361 | €99,016 | €58,318 | €12,880 | ▼ 77.9% |
| Financial income75/76B | - | €2,986 | €11,875 | €8,819 | €7,684 | ▼ 12.9% |
| Recurring financial income75 | - | €2,986 | €11,875 | €8,819 | €7,684 | ▼ 12.9% |
| Financial charges65/66B | - | €937 | €2,527 | €209 | €471 | ▲ 125% |
| Recurring financial charges65 | - | €937 | €2,527 | €209 | €471 | ▲ 125% |
| Profit (loss) for the period before taxes9903 | €3,247 | €29,410 | €108,364 | €66,929 | €20,093 | ▼ 70.0% |
| Income taxes67/77 | €4,045 | €2,898 | €32,027 | €20,672 | €8,175 | ▼ 60.5% |
| Profit (loss) for the period9904 | -€798 | €26,512 | €76,337 | €46,257 | €11,917 | ▼ 74.2% |
| Profit (loss) for the period to be appropriated9905 | -€798 | €26,512 | €76,337 | €46,257 | €11,917 | ▼ 74.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53,082 | €90,584 | €187,308 | €269,314 | €234,740 | ▼ 12.8% |
| Fixed assets21/28 | €13,617 | €8,046 | €7,156 | €7,330 | €3,518 | ▼ 52.0% |
| Tangible fixed assets22/27 | €13,617 | €8,046 | €7,156 | €7,330 | €3,518 | ▼ 52.0% |
| Plant, machinery and equipment23 | - | €4,834 | €2,961 | €1,089 | €181 | ▼ 83.4% |
| Furniture and vehicles24 | - | €3,212 | €4,194 | €6,242 | €3,337 | ▼ 46.5% |
| Current assets29/58 | €39,465 | €82,538 | €180,153 | €261,984 | €231,222 | ▼ 11.7% |
| Stocks and contracts in progress3 | €10 | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €30,598 | €76,262 | €163,748 | €249,995 | €220,897 | ▼ 11.6% |
| Trade receivables40 | - | €95 | €20,737 | €53,580 | €18,520 | ▼ 65.4% |
| Other amounts receivable41 | - | €76,168 | €143,011 | €196,415 | €202,377 | ▲ 3.0% |
| Cash at bank and in hand54/58 | €8,437 | €4,610 | €14,698 | €11,031 | €8,223 | ▼ 25.5% |
| Deferred charges and accrued income490/1 | - | €1,666 | €1,707 | €958 | €2,102 | ▲ 119% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53,082 | €90,584 | €187,308 | €269,314 | €234,740 | ▼ 12.8% |
| Equity10/15 | €29,163 | €55,675 | €132,013 | €183,079 | €194,996 | ▲ 6.5% |
| Contributions10/11 | - | €11,495 | €11,495 | €16,305 | €16,305 | = |
| Reserves13 | €948 | €27,460 | €120,518 | €166,774 | €178,691 | ▲ 7.1% |
| Non-distributable reserves130/1 | - | €948 | €948 | €948 | €948 | = |
| Reserves not available under the articles1311 | - | €948 | €948 | €948 | €948 | = |
| Distributable reserves133 | - | €26,512 | €119,570 | €165,826 | €177,743 | ▲ 7.2% |
| Profit (loss) carried forward14 | €16,720 | €16,720 | €0 | - | - | - |
| Amounts payable17/49 | €23,919 | €34,909 | €55,296 | €86,235 | €39,744 | ▼ 53.9% |
| Amounts payable after more than one year17 | €13,397 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €10,522 | €34,722 | €55,296 | €86,197 | €39,744 | ▼ 53.9% |
| Current portion of amounts payable after more than one year42 | - | €11,949 | €0 | - | - | - |
| Trade debts44 | €2,538 | €14,459 | €17,202 | €33,918 | €7,963 | ▼ 76.5% |
| Suppliers440/4 | - | €14,459 | €17,202 | €33,918 | €7,963 | ▼ 76.5% |
| Taxes, remuneration and social security45 | - | €8,314 | €38,094 | €52,279 | €31,781 | ▼ 39.2% |
| Taxes450/3 | - | €2,321 | €31,580 | €42,848 | €17,044 | ▼ 60.2% |
| Remuneration and social security454/9 | - | €5,993 | €6,514 | €9,431 | €14,737 | ▲ 56.3% |
| Accrued charges and deferred income492/3 | - | €187 | €0 | €38 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€798 | €26,512 | €76,337 | €46,257 | €11,917 | ▼ 74.2% |
| + Depreciation and write-downs630 | €8,242 | €7,681 | €3,754 | €4,725 | €3,812 | ▼ 19.3% |
| Operating cash flow (approximation) | €7,444 | €34,193 | €80,091 | €50,982 | €15,729 | ▼ 69.1% |
| Investment in fixed assets (approximation) | - | -€2,111 | -€2,864 | -€4,900 | €0 | ▲ 100% |
| Change in cash | - | -€3,827 | €10,088 | -€3,666 | -€2,808 | ▲ 23.4% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
2023
31-12
Financial
Equity above €150,000Eq €183,079 ▲38.7%
3 profitable years in a row build equity to €183,079.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Highest result since 2018net €76,337 ▲188%
Operating result €99,016, net result €76,337, both a record.
31-12
Financial
Equity above €100,000Eq €132,013 ▲137%
2 profitable years in a row build equity to €132,013.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €26,512
Net result €26,512 after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 3.75
Current ratio from 1.32 to 3.75; short-term debt falls from €90,104 to €10,522.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Weakest financial yearnet -€11,371
Net result drops to -€11,371, the lowest in the series.
Show earlier events
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 436 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2014
26-03
Bankruptcy
Opening
Rechtbank van koophandel te Dendermonde · event 17-03-2014
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 2012
Ground area
766 m²
Building footprint
171 m²
Volume, LiDAR
616 m³
Parcel 46024B0594/00F004, Flanders · tallest building 4.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BELBOG
since 20122.205.733.874
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024B0594/00F004 | Flanders | 766 m² | 1 · 171 m² | 4.9 m · 1 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 | Mr. HERMAN WILLEMS 9100 SINT-NIKLAAS, TEREKEN 91 |
17-03-2014 → present |
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,307 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
Founded20-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
46190Agents in non-specialised wholesale trade
62200Computer consultancy and computer facilities management
74301Translation services
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841969403
Also
9925:BE0841969403
Registered
17-06-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.