BELFASSI & PARTNERS
Open bankruptcyA bankruptcy procedure is open for BELFASSI & PARTNERS according to publications in the Belgian State Gazette; curator: JENS VREBOS. The 2022 annual accounts show equity of €25k and a net result of €12k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12k▲ 41.4%
2021 · €8k
2021: €8k
2021 → 2022
Working capital
€25k▲ 96.9%
2021 · €12k
2021: €12k
2021 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Equity€13k-€25k▲ 88.6%
Operating result€12k-€18k▲ 42.5%
Net result€8k-€12k▲ 41.4%
Result per fiscal year
Operating resultNet result
The operating result rises in 2022; 2022 is 43% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €44k
Fixed assets
€661▼ 26.6%
Current assets
€43k▲ 87.4%
Equity and liabilities €44k
Equity
€25k▲ 88.6%
Debt
€19k▲ 76.3%
The debt ratio falls from 44.2% to 42.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▲
2021 · €13k
Cash flow
€12k▲
2021 · €9k
Solvency
57.5%▲
2021 · 55.8%
Current ratio
2.32▲
2021 · 2.18
Quick ratio
1.98▲
2021 · 1.70
Debt / equity
0.74▼
2021 · 0.79
ROE
47.0%▼
2021 · 62.6%
ROA
27.0%▼
2021 · 35.0%
Interest coverage
12.72▲
2021 · 10.33
Debt
€19k▲
2021 · €11k
Debt ≤ 1 year
€19k▲
2021 · €11k
Income taxes
€5k▲
2021 · €3k
Staff costs
€83k▲
2021 · €54k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€24k€44k▲
Fixed assets21/28€901€661▼
Tangible fixed assets22/27€740€500▼
Furniture and vehicles24€740€500▼
Financial fixed assets28€161€161=
Current assets29/58€23k€43k▲
Stocks and contracts in progress3€5k€6k▲
Stocks30/36€5k€6k▲
Amounts receivable within one year40/41€12k€20k▲
Other amounts receivable41€12k€20k▲
Cash at bank and in hand54/58€6k€17k▲
Equity and liabilities
Total equity and liabilities10/49€24k€44k▲
Equity10/15€13k€25k▲
Contributions10/11€5k€5k=
Reserves13€7k€18k▲
Non-distributable reserves130/1€419€1k▲
Reserves not available under the articles1311€419€1k▲
Distributable reserves133€7k€17k▲
Profit (loss) carried forward14€964€2k▲
Amounts payable17/49€11k€19k▲
Amounts payable within one year42/48€11k€19k▲
Trade debts44€6k€6k▲
Suppliers440/4€6k€6k▲
Taxes, remuneration and social security45€5k€12k▲
Taxes450/3€3k€7k▲
Remuneration and social security454/9€2k€5k▲
Income statement
Code20212022
Remuneration, social security and pensions62€54k€83k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€260€240▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€40€214▲
Gross operating margin9900€68k€102k▲
Operating profit (loss)9901€12k€18k▲
Financial income75/76B€4€1▼
Recurring financial income75€4€1▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€11k€16k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€8k€12k▲
Profit (loss) for the period to be appropriated9905€8k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€13k▲
Profit (loss) brought forward from the previous period14P-€964
Transfer to equity691/2€7k€11k▲
To the legal reserve6920€419€641▲
To other reserves6921€7k€10k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
23-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · BELFASSI & PARTNERS BV BURCHTLAAN 3A, 1785 MERCHTEM · event 17-09-2024
20-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 598 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
SignalNBB filing
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, Merchtem · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Burchtlaan 3A1785 MerchtemGround area
991 m²
Building footprint
130 m²
Volume, LiDAR
733 m³
Parcel 23602H0490/00A002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KING PIZZA
since 20202.304.210.551
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602H0490/00A002indicative | Flanders | 991 m² | 1 · 130 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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 | JENS VREBOS HERTSBERGSESTRAAT 4, 8020 OOST-
KAMP |
17-09-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteMerchtem2.304.210.551
Similar companies · same sector, comparable size
G du Bol
BE 0768.823.384
Liège · Eq €25k
ARAX
BE 0754.488.962
Mechelen · Eq €25k
ARPAIJE - Association pour la Rémotivation, la Promotion et l'Aide A l'Insersion des Jeunes
BE 0435.786.752
Elsene · Eq €25k
DOWINA
BE 0474.875.673
Lievegem · Eq €25k
DE STER TAVERNE RESTAURANT
BE 0462.384.548
Sint-Niklaas · Eq €25k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,212 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-2020
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
46711Wholesale of cars and light vans (up to 3.5 tonnes)
45112
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
61100Wired, wireless and satellite telecommunications
61200Telecommunications
80090Investigation and security activities
80200Investigation and security activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.