BELMAR
Bankruptcy closedSummary
BELMAR was declared bankrupt on 18-11-2024 (Tribunal de l’entreprise du Hainaut, division Mons); according to the publications in the Belgian State Gazette the procedure is no longer open (latest notice 31-12-2024). The 2022 annual accounts show negative equity (-€48,540) and a net result of €7,858.
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Commercial Court of Hainaut
- Opened
- 27 March 2017
- Delegated judge
- dont la résidence adminis Jacques Thumelaire,
- Official Gazette
- 05-04-2017 (pdf) ↗search the document for 2017/002706
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- How you are paid depends on the track: an amicable settlement, a collective agreement with a plan the creditors vote on, or a transfer. The judgment and RegSol say which.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, 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
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
History
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Financials · fiscal year 2022, micro schema
Turnover
€47,700
EBIT margin
42.9%
Net result
€7,858
2021 · -€714
Working capital
€27,755
2021 · -€49,957
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€47,700-
Operating result€20,457-€50,061▲ 145%-€343,417€6,359€7,858▲ 23.6%
Net result€6,574-€18,491▲ 181%-€343,518-€714▲ 99.8%€7,858
EBIT margin42.9%-
Equity€347,987-€287,832▼ 17.3%-€55,684-€56,398▼ 1.3%-€48,540▲ 13.9%
Total assets€719,195-€316,836▼ 55.9%€89,053▼ 71.9%€59,238▼ 33.5%€58,896▼ 0.6%
Debt€344,715-€2,512▼ 99.3%€118,245▲ 4,607%€89,144▼ 24.6%€80,944▼ 9.2%
Working capital-€86,923-€294,273-€49,243-€49,957▼ 1.4%€27,755
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 24% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €58,896
Fixed assets
€20,051 =
Current assets
€38,845 ▼ 0.9%
Key figures and ratios
Solvency
-82.4%▲
2021 · -95.2%
Current ratio
3.50▲
2021 · 0.44
Debt to equity
-1.67▼
2021 · -1.58
ROA
13.3%▲
2021 · -1.2%
Debt ≤ 1 year
€11,090▼
2021 · €89,144
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €47,700 | - | - | - | - | - |
| Other operating charges640/8 | - | €317 | €6,529 | - | - | - |
| Gross operating margin9900 | €25,649 | €50,378 | -€336,888 | €6,359 | €7,858 | ▲ 23.6% |
| Operating profit (loss)9901 | €20,457 | €50,061 | -€343,417 | €6,359 | €7,858 | ▲ 23.6% |
| Financial charges65/66B | - | €31,570 | €101 | €7,073 | - | - |
| Recurring financial charges65 | €13,884 | €31,570 | €101 | €7,073 | - | - |
| Profit (loss) for the period before taxes9903 | €6,574 | €18,491 | -€343,518 | -€714 | €7,858 | ▲ 1,201% |
| Profit (loss) for the period9904 | €6,574 | €18,491 | -€343,518 | -€714 | €7,858 | ▲ 1,201% |
| Profit (loss) for the period to be appropriated9905 | €6,574 | €18,491 | -€343,518 | -€714 | €7,858 | ▲ 1,201% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €719,195 | €316,836 | €89,053 | €59,238 | €58,896 | ▼ 0.6% |
| Fixed assets21/28 | €631,681 | €20,051 | €20,051 | €20,051 | €20,051 | = |
| Tangible fixed assets22/27 | €631,681 | €20,051 | €20,051 | €20,051 | €20,051 | = |
| Land and buildings22 | - | €6,644 | €6,644 | €6,644 | €6,644 | = |
| Plant, machinery and equipment23 | - | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Assets under construction and advance payments27 | - | €4,407 | €4,407 | €4,407 | €4,407 | = |
| Current assets29/58 | €87,513 | €296,785 | €69,002 | €39,187 | €38,845 | ▼ 0.9% |
| Amounts receivable within one year40/41 | €87,513 | €124,434 | €35,650 | €28,830 | €28,830 | = |
| Trade receivables40 | - | €24,834 | €24,834 | €24,834 | €24,834 | = |
| Other amounts receivable41 | - | €99,600 | €10,816 | €3,996 | €3,996 | = |
| Cash at bank and in hand54/58 | - | €165,480 | €26,480 | €3,485 | €3,143 | ▼ 9.8% |
| Deferred charges and accrued income490/1 | - | €6,871 | €6,872 | €6,872 | €6,872 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €719,195 | €316,836 | €89,053 | €59,238 | €58,896 | ▼ 0.6% |
| Equity10/15 | €347,987 | €287,832 | -€55,684 | -€56,398 | -€48,540 | ▲ 13.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | €271,355 | €271,355 | €271,355 | €271,355 | = |
| Reserves13 | €41,598 | €41,596 | €41,598 | €41,598 | €41,598 | = |
| Non-distributable reserves130/1 | - | - | - | - | €1,860 | - |
| Other1319 | - | - | - | - | €1,860 | - |
| Tax-exempt reserves132 | - | €41,596 | €41,598 | €41,598 | €39,738 | ▼ 4.5% |
| Profit (loss) carried forward14 | -€62,210 | -€43,719 | -€387,237 | -€387,951 | -€380,093 | ▲ 2.0% |
| Provisions and deferred taxes16 | €26,492 | €26,492 | €26,492 | €26,492 | €26,492 | = |
| Provisions for liabilities and charges160/5 | - | €26,492 | €26,492 | €26,492 | €26,492 | = |
| Pensions and similar obligations160 | - | €26,492 | €26,492 | €26,492 | €26,492 | = |
| Amounts payable17/49 | €344,715 | €2,512 | €118,245 | €89,144 | €80,944 | ▼ 9.2% |
| Amounts payable after more than one year17 | €170,279 | - | - | - | - | - |
| Amounts payable within one year42/48 | €174,436 | €2,512 | €118,245 | €89,144 | €11,090 | ▼ 87.6% |
| Financial debts43 | - | - | €25,526 | - | - | - |
| Credit institutions430/8 | - | - | €25,526 | - | - | - |
| Trade debts44 | €58,789 | €2,512 | €14,040 | €13,290 | €11,090 | ▼ 16.6% |
| Suppliers440/4 | - | €2,512 | €14,040 | €13,290 | €11,090 | ▼ 16.6% |
| Other amounts payable47/48 | - | - | €78,679 | €75,854 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €69,854 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,574 | €18,491 | -€343,518 | -€714 | €7,858 | ▲ 1,201% |
| Operating cash flow (approximation) | €6,574 | €18,491 | -€343,518 | -€714 | €7,858 | ▲ 1,201% |
| Investment in fixed assets (approximation) | - | €611,630 | €0 | €0 | €0 | - |
| Change in cash | - | - | -€139,000 | -€22,995 | -€342 | ▲ 98.5% |
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
2024
31-12
Bankruptcy
Closure of the judicial dissolution
Tribunal de l’entreprise du Hainaut, division Mons · event 23-12-2024
25-11
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 18-11-2024
26-01
KBO administration
Strikeout withdrawn
event 09-01-2024
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 162 days late
2023
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 475 days late
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 840 days late
08-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1195 days late
20-06
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise du Hainaut, division Mons · liquidator: Debouche Natalie · event 12-06-2023
2022
31-12
Financial
Back to profitnet €7,858
Net result €7,858 after 2 loss-making years.
31-12
Financial
Liquidity times 8current ratio 3.50
Current ratio from 0.44 to 3.50; short-term debt falls from €89,144 to €11,090.
2020
31-12
Financial
Weakest financial yearnet -€343,518
Net result drops to -€343,518, the lowest in the series.
2019
31-12
Financial
Highest result since 2018net €18,491 ▲181%
Operating result €50,061, net result €18,491, both a record.
Show earlier events
31-12
Financial
Liquidity times 235current ratio 118.15
Current ratio from 0.50 to 118.15; short-term debt falls from €174,436 to €2,512.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
05-04
Judicial reorganisation
Opening
Tribunal de commerce du Hainaut · event 27-03-2017
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 152 days late
2015
02-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
02-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 336 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Boussu
Ground area
189 m²
Building footprint
44 m²
Volume, LiDAR
366 m³
Parcel 53041A0104/00C007, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53041A0104/00C007 | Wallonia | 189 m² | 1 · 44 m² | 9.9 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TONY BELLAVIA AVENUE DES EXPOSITIONS, 8A,
7000 MONS- .
Date provisoire de cessation de paiement : 18/11/2024 |
18-11-2024 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-10-2002
Fiscal year end31-12
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 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.