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BelGaN

Open bankruptcy
Private limited companyfounded 2002Westerring 15, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0477.511.994
Summary

A bankruptcy procedure is open for BelGaN according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €49.2m and a net result of -€8.3m.

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, Oudenaarde division
Declared bankrupt
31 July 2024
Official Gazette
07-08-2024 (pdf) ↗search the document for 2024/131737

Deadlines

Provisional date payments stopped
1 February 2024Moved back by judgment of 8 May 2025. Payments and security you received since that day can in some cases be challenged by the curator.art. XX.105, XX.111 and XX.112 CEL
Appeal or third-party opposition until
passed on 22 August 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 30 August 2024art. XX.104 and XX.155 CEL
First verification report
passed on 11 September 2024Goods 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 31 July 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curators

  • Ali HeermanEinestraat 34, 9700 Oudenaardeadvocatenkantoor.heerman@skynet.be
  • Eric FlameeEiland 27, 9520 Sint-Lievens-Houtemef@flamee-vanderstichelen.be
  • Jurgen Van den BosscheGentstraat 152, 9700 Ouden- Aardejurgen.vandenbossche@ovdb.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-06-2024, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
37 d early
2022
60 d early
2021
67 d early
2020
81 d early
2019
74 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 64 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BelGaN was incorporated on 10 May 2002.1 Revenue fell from EUR 131 million in 2018 to EUR 55 million in 2023 and headcount from 770 to 421 full-time equivalents.2 On 31 July 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2023
  3. 3Belgian State Gazette, 07-08-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2023, full schema

Turnover
€55.4m▼ 4.5%
2022 · €58.1m
EBIT margin
-18.4%▼ 16.8pp
2022 · -1.6%
Net result
-€8.3m
2022 · €411,683
Working capital
€1.7m▼ 38.2%
2022 · €2.7m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, 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
Line20192020202120222023
Turnover€120.4m▼ 8.2%€126.5m▲ 5.1%€114.6m▼ 9.4%€58.1m▼ 49.3%€55.4m▼ 4.5%
Operating result€6.8m▼ 8.5%€7.2m▲ 5.5%€6.3m▼ 11.5%-€921,032-€10.2m▼ 1,007%
Net result€3.7m▼ 8.1%€10.9mabove the sector's middle half▲ 191%€4.2mabove the sector's middle half▼ 61.2%€411,683within the sector's middle half▼ 90.2%-€8.3mbelow the sector's middle half
EBIT margin5.6%=5.7%=5.5%▼ 0.1pp-1.6%▼ 7.1pp-18.4%▼ 16.8pp
Equity€46.9m▲ 8.6%€40.8mabove the sector's middle half▼ 13.2%€45.0mabove the sector's middle half▲ 10.3%€24.0mabove the sector's middle half▼ 46.6%€49.2mabove the sector's middle half▲ 105%
Total assets€97.6m▼ 5.0%€91.9mabove the sector's middle half▼ 5.8%€75.3mabove the sector's middle half▼ 18.1%€62.3mabove the sector's middle half▼ 17.3%€98.7mabove the sector's middle half▲ 58.6%
Debt€50.6m▼ 14.8%€46.8m▼ 7.5%€30.3m▼ 35.2%€38.2m▲ 26.1%€49.6m▲ 29.6%
Working capital€7.6m▲ 196%€7.3mabove the sector's middle half▼ 3.7%€26.9mabove the sector's middle half▲ 270%€2.7mwithin the sector's middle half▼ 89.9%€1.7mwithin the sector's middle half▼ 38.2%
Solvency48.1%▲ 6.0pp44.3%within the sector's middle half▼ 3.7pp59.7%within the sector's middle half▲ 15.4pp38.6%within the sector's middle half▼ 21.1pp49.8%within the sector's middle half▲ 11.2pp
Current ratio1.27▲ 0.191.23within the sector's middle half▼ 0.032.20within the sector's middle half▲ 0.971.14below the sector's middle half▼ 1.061.04below the sector's middle half▼ 0.10
Return on assets (ROA)3.8%▼ 0.1pp11.8%above the sector's middle half▲ 8.0pp5.6%within the sector's middle half▼ 6.2pp0.7%within the sector's middle half▼ 4.9pp-8.4%below the sector's middle half▼ 9.0pp
Staff (FTE)765.5▼ 0.5%727.5above the sector's middle half▼ 5.0%616.6above the sector's middle half▼ 15.2%415above the sector's middle half▼ 32.7%420.9above the sector's middle half▲ 1.4%
above within below the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€20.0m-€10.0m€0€10.0mOperating result 2019: €6.8m€6.8mNet result 2019: €3.7m€3.7mOperating result 2020: €7.2m€7.2mNet result 2020: €10.9m€10.9mOperating result 2021: €6.3m€6.3mNet result 2021: €4.2m€4.2mOperating result 2022: -€921,032-€921,032Net result 2022: €411,683€411,683Operating result 2023: -€10.2m-€10.2mNet result 2023: -€8.3m-€8.3m20192020202120222023-€15m-€10m-€5m€0€5mOperating result 2021: €6.3m€6.3mNet result 2021: €4.2m€4.2mOperating result 2022: -€921,032-€921,000Net result 2022: €411,683€412,000Operating result 2023: -€10.2m-€10mNet result 2023: -€8.3m-€8.3m202120222023
The operating result stays negative: a loss of €10.2m in 2023 against €921,032 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €98.4m
Fixed assets €58.2m ▲ 47.0%
Current assets €40.3m ▲ 80.5%
Equity and liabilities €98.7m
Equity €49.2m ▲ 105%
Provisions €3,499 ▼ 23.7%
Debt €49.6m ▲ 29.6%
Debt's share of the balance-sheet total falls from 61.4% to 50.2%. Equity and debt are higher.
Key figures and ratios
2023 value · change against 2022
EBITDA
-€6.4m▼
2022 · €3.6m
Cash flow
-€4.5m▼
2022 · €4.9m
Quick ratio
0.47▼
2022 · 0.62
Debt to equity
1.01▼
2022 · 1.59
ROE
-16.8%▼
2022 · 1.7%
Interest coverage
-11.09▼
2022 · 6.85
Debt ≤ 1 year
€38.6m▲
2022 · €19.6m
Debt > 1 year
€10.5m▼
2022 · €18.6m
Income taxes
-€22,680▼
2022 · €17,320
Staff costs
€40.7m▲
2022 · €39.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 91 lines
Balance sheet Code20222023
Assets
Total assets20/58€62.3m€98.7m▲
Formation expenses20€384,800€291,039▼
Fixed assets21/28€39.6m€58.2m▲
Intangible fixed assets21€25,063€744,943▲
Tangible fixed assets22/27€29.0m€46.9m▲
Land and buildings22€10.3m€9.8m▼
Plant, machinery and equipment23€2.4m€4.7m▲
Furniture and vehicles24€40,328€1.2m▲
Leasing and similar rights25€7.0m€6.5m▼
Other tangible fixed assets26€0-
Assets under construction and advance payments27€9.3m€24.8m▲
Financial fixed assets28€10.5m€10.5m=
Affiliated companies280/1€10.5m€10.5m=
Participating interests280€10.5m€10.5m=
Other financial fixed assets284/8€6,413€8,498▲
Amounts receivable and cash guarantees285/8€6,413€8,498▲
Current assets29/58€22.3m€40.3m▲
Stocks and contracts in progress3€10.1m€22.1m▲
Stocks30/36€10.1m€22.1m▲
Raw materials and consumables30/31€1.7m€14.3m▲
Work in progress32€8.4m€7.8m▼
Amounts receivable within one year40/41€9.1m€13.9m▲
Trade receivables40€7.3m€6.4m▼
Other amounts receivable41€1.8m€7.4m▲
Cash at bank and in hand54/58€2.1m€3.1m▲
Deferred charges and accrued income490/1€1.0m€1.1m▲
Equity and liabilities
Total equity and liabilities10/49€62.3m€98.7m▲
Equity10/15€24.0m€49.2m▲
Contributions10/11€11.1m€36.5m▲
Revaluation surpluses12€7.0m€7.0m=
Reserves13€2.1m€2.1m=
Distributable reserves133€2.1m€2.1m=
Profit (loss) carried forward14€3.8m-€4.5m▼
Investment grants15-€8.0m
Provisions and deferred taxes16€4,589€3,499▼
Provisions for liabilities and charges160/5€4,589€3,499▼
Pensions and similar obligations160€4,589€3,499▼
Amounts payable17/49€38.2m€49.6m▲
Amounts payable after more than one year17€18.6m€10.5m▼
Financial debts170/4€18.6m€10.5m▼
Subordinated loans170-€5.3m
Leasing and similar obligations172€6.2m€5.2m▼
Other loans174€12.5m-
Amounts payable within one year42/48€19.6m€38.6m▲
Current portion of amounts payable after more than one year42€2.5m€2.1m▼
Financial debts43-€9.0m
Credit institutions430/8-€9.0m
Trade debts44€9.5m€18.2m▲
Suppliers440/4€9.5m€18.2m▲
Advances received on contracts in progress46-€1.2m
Taxes, remuneration and social security45€7.5m€8.1m▲
Taxes450/3€19,982€31,203▲
Remuneration and social security454/9€7.5m€8.1m▲
Accrued charges and deferred income492/3€3,079€429,274▲
Income statement Code20222023
Operating income70/76A€74.6m€81.5m▲
Turnover70€58.1m€55.4m▼
Change in stocks of work in progress, finished goods and contracts in progress71€8.7m€867,999▼
Own construction capitalised72€3.0m€6.2m▲
Other operating income74€4.8m€7.0m▲
Non-recurring operating income76A-€12.0m
Operating charges60/66A€75.5m€91.7m▲
Goods for resale, raw materials and consumables60€15.5m€10.8m▼
Purchases600/8€16.0m€11.7m▼
Change in stocks: decrease (increase)609-€497,572-€920,346▼
Services and other goods61€16.1m€33.2m▲
Remuneration, social security and pensions62€39.0m€40.7m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4.5m€3.8m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€221,287€1.8m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€18,716-€1,089▲
Other operating charges640/8€200,957€1.4m▲
Operating profit (loss)9901-€921,032-€10.2m▼
Financial income75/76B€2.0m€3.5m▲
Recurring financial income75€2.0m€3.5m▲
Income from financial fixed assets750€1.0m€1.0m=
Income from current assets751€1,535€1,484▼
Other financial income752/9€963,786€2.5m▲
Financial charges65/66B€615,287€1.6m▲
Recurring financial charges65€615,287€1.6m▲
Debt charges650€523,020€579,645▲
Other financial charges652/9€92,266€1.0m▲
Profit (loss) for the period before taxes9903€429,002-€8.3m▼
Income taxes67/77€17,320-€22,680▼
Taxes670/3€17,320-
Tax adjustments and reversals of tax provisions77-€22,680
Profit (loss) for the period9904€411,683-€8.3m▼
Profit (loss) for the period to be appropriated9905€411,683-€8.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906€22.2m-€4.5m▼
Profit (loss) brought forward from the previous period14P€21.8m€3.8m▼
Profit to be distributed694/7€18.4m-
Return on contributions (dividend)694€18.4m-
Social balance
Average headcount (FTE)9087415.0420.9▲

The notes to these accounts (108 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Operating income70/76A--€120.8m€74.6m€81.5m▲ 9.3%
Turnover70€120.4m€126.5m€114.6m€58.1m€55.4m▼ 4.5%
Change in stocks of work in progress, finished goods and contracts in progress71---€8.7m€867,999▼ 90.0%
Own construction capitalised72--€945€3.0m€6.2m▲ 107%
Other operating income74--€6.2m€4.8m€7.0m▲ 44.6%
Non-recurring operating income76A--€7,831-€12.0m-
Operating charges60/66A--€114.5m€75.5m€91.7m▲ 21.5%
Goods for resale, raw materials and consumables60--€15.6m€15.5m€10.8m▼ 30.4%
Purchases600/8--€15.6m€16.0m€11.7m▼ 26.8%
Change in stocks: decrease (increase)609---€59,491-€497,572-€920,346▼ 85.0%
Services and other goods61--€18.1m€16.1m€33.2m▲ 107%
Remuneration, social security and pensions62--€74.7m€39.0m€40.7m▲ 4.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9.8m€9.9m€8.2m€4.5m€3.8m▼ 16.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€4,014€221,287€1.8m▲ 723%
Provisions for liabilities and charges: additions (uses and reversals)635/8---€4.2m-€18,716-€1,089▲ 94.2%
Other operating charges640/8--€2.1m€200,957€1.4m▲ 597%
Operating profit (loss)9901€6.8m€7.2m€6.3m-€921,032-€10.2m▼ 1,007%
Financial income75/76B--€5.4m€2.0m€3.5m▲ 78.3%
Recurring financial income75€1.5m€11.0m€5.4m€2.0m€3.5m▲ 78.3%
Income from financial fixed assets750---€1.0m€1.0m=
Income from current assets751--€2,843€1,535€1,484▼ 3.3%
Other financial income752/9--€5.4m€963,786€2.5m▲ 160%
Financial charges65/66B--€6.2m€615,287€1.6m▲ 160%
Recurring financial charges65€3.2m€4.8m€6.2m€615,287€1.6m▲ 160%
Debt charges650€1.5m€1.3m€936,539€523,020€579,645▲ 10.8%
Other financial charges652/9--€5.3m€92,266€1.0m▲ 1,005%
Profit (loss) for the period before taxes9903€5.1m€13.3m€5.5m€429,002-€8.3m▼ 2,032%
Income taxes67/77€1.4m€2.4m€1.3m€17,320-€22,680▼ 231%
Taxes670/3--€1.3m€17,320--
Tax adjustments and reversals of tax provisions77----€22,680-
Profit (loss) for the period9904€3.7m€10.9m€4.2m€411,683-€8.3m▼ 2,107%
Profit (loss) for the period to be appropriated9905€3.7m€10.9m€4.2m€411,683-€8.3m▼ 2,107%
Line20192020202120222023Change
Assets
Total assets20/58€97.6m€91.9m€75.3m€62.3m€98.7m▲ 58.6%
Formation expenses20---€384,800€291,039▼ 24.4%
Fixed assets21/28€61.6m€53.3m€25.9m€39.6m€58.2m▲ 47.0%
Intangible fixed assets21€328,920€253,120€64,327€25,063€744,943▲ 2,872%
Tangible fixed assets22/27€37.7m€29.5m€15.4m€29.0m€46.9m▲ 61.6%
Land and buildings22--€4.1m€10.3m€9.8m▼ 4.6%
Plant, machinery and equipment23--€2.3m€2.4m€4.7m▲ 95.6%
Furniture and vehicles24---€40,328€1.2m▲ 2,764%
Leasing and similar rights25--€8.9m€7.0m€6.5m▼ 7.1%
Other tangible fixed assets26---€0--
Assets under construction and advance payments27--€34,567€9.3m€24.8m▲ 166%
Financial fixed assets28€23.6m€23.6m€10.5m€10.5m€10.5m=
Affiliated companies280/1--€10.5m€10.5m€10.5m=
Participating interests280--€10.5m€10.5m€10.5m=
Other financial fixed assets284/8---€6,413€8,498▲ 32.5%
Amounts receivable and cash guarantees285/8---€6,413€8,498▲ 32.5%
Current assets29/58€36.0m€38.6m€49.4m€22.3m€40.3m▲ 80.5%
Stocks and contracts in progress3€1.1m€1.2m€1.2m€10.1m€22.1m▲ 118%
Stocks30/36--€1.2m€10.1m€22.1m▲ 118%
Raw materials and consumables30/31--€1.2m€1.7m€14.3m▲ 747%
Work in progress32---€8.4m€7.8m▼ 7.6%
Amounts receivable within one year40/41€14.4m€18.3m€8.1m€9.1m€13.9m▲ 52.8%
Trade receivables40--€7.4m€7.3m€6.4m▼ 11.4%
Other amounts receivable41--€699,957€1.8m€7.4m▲ 310%
Cash at bank and in hand54/58€16.4m€15.4m€39.5m€2.1m€3.1m▲ 50.5%
Deferred charges and accrued income490/1--€509,309€1.0m€1.1m▲ 11.7%
Equity and liabilities
Total equity and liabilities10/49€97.6m€91.9m€75.3m€62.3m€98.7m▲ 58.6%
Equity10/15€46.9m€40.8m€45.0m€24.0m€49.2m▲ 105%
Contributions10/11€21.1m-€21.1m€11.1m€36.5m▲ 229%
Revaluation surpluses12---€7.0m€7.0m=
Reserves13€2.0m€2.1m€2.1m€2.1m€2.1m=
Non-distributable reserves130/1--€2.1m---
Reserves not available under the articles1311--€2.1m---
Distributable reserves133---€2.1m€2.1m=
Profit (loss) carried forward14€23.9m€17.6m€21.8m€3.8m-€4.5m▼ 218%
Investment grants15----€8.0m-
Provisions and deferred taxes16€113,919€4.4m€23,304€4,589€3,499▼ 23.7%
Provisions for liabilities and charges160/5--€23,304€4,589€3,499▼ 23.7%
Pensions and similar obligations160--€23,304€4,589€3,499▼ 23.7%
Amounts payable17/49€50.6m€46.8m€30.3m€38.2m€49.6m▲ 29.6%
Amounts payable after more than one year17€22.1m€15.5m€7.9m€18.6m€10.5m▼ 43.5%
Financial debts170/4--€7.9m€18.6m€10.5m▼ 43.5%
Subordinated loans170----€5.3m-
Leasing and similar obligations172--€7.9m€6.2m€5.2m▼ 15.2%
Other loans174---€12.5m--
Amounts payable within one year42/48€28.4m€31.3m€22.4m€19.6m€38.6m▲ 97.1%
Current portion of amounts payable after more than one year42--€3.5m€2.5m€2.1m▼ 17.9%
Financial debts43----€9.0m-
Credit institutions430/8----€9.0m-
Trade debts44€7.7m€8.2m€5.6m€9.5m€18.2m▲ 91.1%
Suppliers440/4--€5.6m€9.5m€18.2m▲ 91.1%
Advances received on contracts in progress46----€1.2m-
Taxes, remuneration and social security45--€13.3m€7.5m€8.1m▲ 8.0%
Taxes450/3--€427,525€19,982€31,203▲ 56.2%
Remuneration and social security454/9--€12.9m€7.5m€8.1m▲ 7.9%
Accrued charges and deferred income492/3---€3,079€429,274▲ 13,844%
Line20192020202120222023Change
Profit (loss) for the period9904€3.7m€10.9m€4.2m€411,683-€8.3m▼ 2,107%
+ Depreciation and write-downs630€9.8m€9.9m€8.2m€4.5m€3.8m▼ 16.4%
Operating cash flow (approximation)€13.5m€20.8m€12.4m€4.9m-€4.5m▼ 191%
Investment in fixed assets (approximation)--€1.6m€19.2m-€18.1m-€22.4m▼ 23.5%
Change in cash--€1.0m€24.1m-€37.4m€1.1m▲ 103%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
14-05
Bankruptcy Date of cessation of payments moved back
Ondernemingsrechtbank Gent, afdeling Oudenaarde · event 08-05-2025
2024
07-08
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · event 31-07-2024
24-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Weakest financial yearnet -€8.3m
Net result drops to -€8.3m, the lowest in the series.
31-12
Financial Equity above €25mEq €49.2m ▲105%
Equity rises from €24.0m to €49.2m.
01-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
25-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
11-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Highest result since 2018net €10.9m ▲191%
Net result €10.9m, the highest in the series.
18-05
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
15-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
15-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
Show earlier events
2017
12-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
26-05
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
28-05
NBB filing Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts

We know of 20 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 Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
20 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, Oudenaarde · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
4.4 ha
Building footprint
1.6 ha
Volume, LiDAR
170,230 m³
Parcel 45508A0128/00F000, Flanders · tallest building 22.2 m, ±3 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
Westerring 15, 9700 Oudenaarde
NACE 3210001
since 20022.096.136.247
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
45508A0128/00F000 Flanders 4.4 ha 1 · 1.6 ha 22.2 m · 3 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

3 mandates
Role Name Tenure
Curator Ali HEERMAN
EINESTRAAT 34, 9700 OUDENAARDE-
31-07-2024 → present
Curator Eric FLAMEE
EILAND 27, 9520 SINT-LIEVENS-HOUTEM
31-07-2024 → present
Curator JURGEN VAN DEN BOSSCHE
GENTSTRAAT 152, 9700 OUDEN- AARDE
31-07-2024 → present

Structure & network

Part of the group BelGaN Group 3 companies Group, risk and exposure

Owners and holdings

1 owner · 1 holding

Chain of control

  1. BelGaN Group 100%
  2. BelGaN

Highest known parent: BelGaN Group. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2023 annual accounts of BelGaN and those 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 · 9 entries · 4,148,148 EUR awarded · 4,148,148 EUR paid
Year Entries awardedpaid
2025 3 -7,490,855 EUR33,396 EUR
2024 1 42,583 EUR16,037 EUR
2023 3 502,893 EUR4,028,893 EUR
2022 2 11,093,527 EUR69,822 EUR
Schemes
3 entries · 3,526,000 EUR · 3,526,000 EUR paid · Fonds voor Innoveren en Ondernemen
1 entry · 444,855 EUR · 444,855 EUR paid · Fonds voor Innoveren en Ondernemen
5 entries · 177,293 EUR · 177,293 EUR paid · Departement Werk en Sociale Economie

European research

19 projects · 1 as coordinator · 11,377,968 EUR EU contribution
Programmes
14 entries · 6,418,273 EUR
4 entries · 4,959,695 EUR
Projects
Innovative Reliable Nitride based Power Devices and Applications
Horizon 2020 · participant · 01-01-2017 to 30-11-2020 · 1,825,271 EUR · InRel-NPower
Integrated Components for Complexity Control in affordable electrified cars
Horizon 2020 · participant · 01-06-2015 to 31-10-2018 · 1,801,942 EUR · 3Ccar
DEVELOPMENT OF ADVANCED GAN TECHNOLOGIES
Seventh Framework Programme · participant · 01-04-2013 to 31-03-2016 · 1,125,000 EUR · AGATE
ENERGY TO SMART GRID
Seventh Framework Programme · participant · 01-04-2012 to 01-03-2015 · 1,005,597 EUR · E2SG
High performant Wide Band Gap Power Electronics for Reliable, energy eFficient drivetrains and Optimization thRough Multi-physics simulation
Horizon 2020 · participant · 01-05-2018 to 31-10-2021 · 862,331 EUR · HiPERFORM
Show 14 more projects
Energy Efficient Converters using GaN Power Devices
Seventh Framework Programme · coordinator · 01-04-2013 to 31-03-2016 · 716,040 EUR · E2COGAN
SMArt systems Co-design
Seventh Framework Programme · participant · 01-10-2011 to 31-03-2015 · 713,179 EUR · SMAC
Advancing fail-aware, fail-safe, and fail-operational electronic components, systems, and architectures for fully automated driving to make future mobility safer, affordable, and end-user acceptable.
Horizon 2020 · participant · 01-05-2017 to 31-10-2020 · 470,151 EUR · AutoDrive
Nanoelectronic COupled Problems Solutions
Seventh Framework Programme · participant · 01-11-2013 to 31-10-2016 · 397,740 EUR · nanoCOPS
Smart Power Management in Home and Health
Seventh Framework Programme · participant · 01-02-2009 to 01-01-2012 · 351,092 EUR · SMARTPM
ENERGY FOR A GREEN SOCIETY: FROM SUSTAINABLE HARVESTING TO SMART DISTRIBUTION. EQUIPMENTS, MATERIALS, DESIGN SOLUTIONS AND THEIR APPLICATIONS
Seventh Framework Programme · participant · 01-06-2011 to 01-05-2014 · 334,117 EUR · ERG
E3Car -> Nanoelectronics for an energy efficient electrical car
Seventh Framework Programme · participant · 01-02-2009 to 01-01-2012 · 326,602 EUR · E3CAR
Internet of Energy for Electric Mobility
Seventh Framework Programme · participant · 01-05-2011 to 31-10-2014 · 273,049 EUR · IOE
Models, Solutions, Methods and Tools for Energy Aware Design
Seventh Framework Programme · participant · 01-04-2010 to 01-03-2013 · 266,031 EUR · END
Thermal management with carbon nanotube architectures
Seventh Framework Programme · participant · 01-01-2010 to 31-12-2012 · 257,000 EUR · THEMA-CNT
Model-based synthesis of digital electronic circuits for embedded control
Seventh Framework Programme · participant · 01-12-2009 to 30-11-2012 · 256,100 EUR · MOBY-DIC
Process Oriented Electrical Control Units for Electrical Vehicles Developed on a Multi-system Real-time Embedded Platform
Seventh Framework Programme · participant · 01-03-2010 to 30-09-2013 · 216,365 EUR · POLLUX
Semiconductor Industry Leading towards Viable Energy Recovery
Seventh Framework Programme · participant · 01-01-2012 to 01-12-2014 · 180,360 EUR · SILVER
Leverage synergy by cyber-physical systems for the convergence of the eco systems mobility, infrastructure and energy in the circular economy for the Society 5.0
Horizon Europe · participant · 01-09-2024 to 31-08-2027 · Cynergy4MIE

Recognitions · licences · registrations

Food safety, FASFC

1 site · 1 with a smiley
Oudenaarde2.096.136.247
1 permission · smiley 2027NL00096 valid until 13-03-2027
Toelating · Andere grootkeuken (bereiding - distributie maaltijden) · since 01-01-2006

Legal Entity Identifier

699400WUN4PYVW0BFX17
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 248 companies in sector 26110 we hold annual accounts for 182. 38 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
Founded10-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
26110Manufacture of computer, electronic and optical products
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.