BELSIM
Open bankruptcyA bankruptcy procedure is open for BELSIM according to publications in the Belgian State Gazette; curator: LEPLAT GERARD.
Summary
The 2015 annual accounts show equity of €1.3m and a net result of -€274,345.
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
- Commercial Court of Walloon Brabant
- Declared bankrupt
- 23 October 2017
- Official Gazette
- 30-10-2017 (pdf) ↗search the document for 2017/141282
Deadlines
- Appeal or third-party opposition until
- passed on 14 November 2017Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 22 November 2017art. XX.104 and XX.155 CEL
- First verification report
- passed on 27 November 2017Goods 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 23 October 2018Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Leplat GerardChaussee De Louvain 241, 1410 Waterloo
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
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2015 was due by 31-07-2016 and was filed on 29-07-2016, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The sector median for financial year 2024 is 8 days before the deadline, and 33% 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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Engineering and related technical consultancy, excluding land surveyors sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2015, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€274,345▼ 134%
2014 · -€117,379
Working capital
€983,759▼ 30.8%
2014 · €1.4m
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
Line20112012201320142015
Operating result€912,793-€252,375▼ 72.4%€32,647▼ 87.1%-€39,637-€285,722▼ 621%
Net result€552,833-€290,461▼ 47.5%-€43,183-€117,379▼ 172%-€274,345▼ 134%
Equity€1.5m-€1.8m▲ 17.4%€1.7m▼ 2.8%€1.6m▼ 10.0%€1.3m▼ 17.7%
Total assets€3.2m-€3.6m▲ 11.8%€2.7m▼ 25.2%€3.8m▲ 42.3%€4.6m▲ 19.7%
Debt€1.7m-€1.8m▲ 5.5%€963,754▼ 46.4%€2.3m▲ 136%€3.3m▲ 45.3%
Working capital€1.0m-€1.2m▲ 17.0%€979,953▼ 19.6%€1.4m▲ 45.1%€983,759▼ 30.8%
Staff (FTE)15.7-19.5▲ 24.2%19.3▼ 1.0%26.5▲ 37.3%23.5▼ 11.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €285,722 in 2015 against €39,637 in 2014; the loss grows and 2015 has the lowest result in the available series.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €4.6m
Fixed assets
€1.5m ▲ 47.5%
Current assets
€3.0m ▲ 9.3%
Equity and liabilities €4.6m
Equity
€1.3m ▼ 17.7%
Debt
€3.3m ▲ 45.3%
Debt's share of the balance-sheet total rises from 59.4% to 72.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,266▼
2014 · €392,624
Cash flow
€17,643▼
2014 · €314,881
Current ratio
1.48▼
2014 · 2.04
Debt to equity
0.74▲
2014 · 0.45
ROE
-21.5%▼
2014 · -7.6%
ROA
-6.0%▼
2014 · -3.1%
Debt ≤ 1 year
€2.1m▲
2014 · €1.4m
Debt > 1 year
€951,111▲
2014 · €700,000
Income taxes
€2,331▲
2014 · €1,465
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €314,972 | €364,323 | €380,389 | €432,261 | €291,988 | ▼ 32.5% |
| Gross operating margin9900 | €2.4m | €1.8m | €1.7m | €2.1m | €1.9m | ▼ 8.5% |
| Operating profit (loss)9901 | €912,793 | €252,375 | €32,647 | -€39,637 | -€285,722 | ▼ 621% |
| Recurring financial income75 | €12,206 | €57,143 | €12,693 | €31,644 | €106,251 | ▲ 236% |
| Recurring financial charges65 | €35,291 | €101,238 | €168,042 | €69,602 | €91,767 | ▲ 31.8% |
| Profit (loss) for the period before taxes9903 | €889,708 | €446,512 | -€35,650 | -€115,915 | -€272,014 | ▼ 135% |
| Income taxes67/77 | €336,875 | €156,051 | €7,533 | €1,465 | €2,331 | ▲ 59.2% |
| Profit (loss) for the period9904 | €552,833 | €290,461 | -€43,183 | -€117,379 | -€274,345 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | €552,833 | €290,461 | -€43,183 | -€117,379 | -€274,345 | ▼ 134% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €3.6m | €2.7m | €3.8m | €4.6m | ▲ 19.7% |
| Fixed assets21/28 | €803,092 | €981,311 | €990,427 | €1.0m | €1.5m | ▲ 47.5% |
| Intangible fixed assets21 | €615,583 | €749,195 | €805,314 | €892,069 | €1.4m | ▲ 52.8% |
| Tangible fixed assets22/27 | €66,970 | €50,944 | €20,330 | €46,018 | €64,472 | ▲ 40.1% |
| Financial fixed assets28 | €120,539 | €181,172 | €164,783 | €107,352 | €114,531 | ▲ 6.7% |
| Current assets29/58 | €2.4m | €2.6m | €1.7m | €2.8m | €3.0m | ▲ 9.3% |
| Amounts receivable within one year40/41 | €2.1m | €1.5m | €1.3m | €2.2m | €2.6m | ▲ 20.8% |
| Current investments50/53 | €118,575 | €669,624 | €210,091 | €103,650 | €298,396 | ▲ 188% |
| Cash at bank and in hand54/58 | €152,217 | €100,823 | €180,820 | €484,619 | €88,539 | ▼ 81.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €3.6m | €2.7m | €3.8m | €4.6m | ▲ 19.7% |
| Equity10/15 | €1.5m | €1.8m | €1.7m | €1.6m | €1.3m | ▼ 17.7% |
| Contributions10/11 | €367,232 | €367,232 | €567,232 | €1.1m | €1.1m | = |
| Reserves13 | €36,723 | €836,723 | €636,723 | €56,355 | €56,355 | = |
| Profit (loss) carried forward14 | €1.0m | €509,841 | €466,658 | €349,279 | €74,934 | ▼ 78.5% |
| Provisions and deferred taxes16 | - | €21,065 | - | - | - | - |
| Amounts payable17/49 | €1.7m | €1.8m | €963,754 | €2.3m | €3.3m | ▲ 45.3% |
| Amounts payable after more than one year17 | €54,335 | - | - | €700,000 | €951,111 | ▲ 35.9% |
| Amounts payable within one year42/48 | €1.4m | €1.4m | €719,618 | €1.4m | €2.1m | ▲ 51.2% |
| Trade debts44 | €791,620 | €635,481 | €348,067 | €639,991 | €858,826 | ▲ 34.2% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €552,833 | €290,461 | -€43,183 | -€117,379 | -€274,345 | ▼ 134% |
| + Depreciation and write-downs630 | €314,972 | €364,323 | €380,389 | €432,261 | €291,988 | ▼ 32.5% |
| Operating cash flow (approximation) | €867,805 | €654,784 | €337,206 | €314,881 | €17,643 | ▼ 94.4% |
| Investment in fixed assets (approximation) | - | -€542,542 | -€389,505 | -€487,273 | -€788,629 | ▼ 61.8% |
| Change in cash | - | -€51,394 | €79,997 | €303,799 | -€396,080 | ▼ 230% |
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
2017
30-10
Bankruptcy
Opening
Tribunal de commerce du Brabant wallon · event 23-10-2017
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-12
Financial
Weakest financial yearnet -€274,345
Net result drops to -€274,345, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
09-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
31-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
01-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 1 day late
2011
12-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 12 days late
2010
29-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 29 days late
2009
31-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 31 days late
2008
31-07
NBB filing
Annual accounts filed
fiscal year 2007 · full schema
2007
17-07
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 1987
Ground area
6.7 ha
Building footprint
169 m²
Volume, LiDAR
890 m³
2 parcels, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue de Bruxelles 174, 4340 Awans
since 19872.031.081.713
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62006B0520/00G002 | Wallonia | 6.6 ha | - | - |
| 25083D0102/00C000 | Wallonia | 1,254 m² | 1 · 169 m² | 7.8 m · 2 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 | LEPLAT GERARD CHAUSSEE DE LOUVAIN 241, 1410 WATERLOO |
23-10-2017 → present |
Public money · subsidies and aid
European research
1 project · 63,530 EUR EU contributionProgrammes
Projects
Enhanced energy and resource Efficiency and Performance in process industry Operations via onsite and cross-sectorial Symbiosis
Recognitions · licences · registrations
Legal Entity Identifier
5493007NOT8YDBXGDX61
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 3,029 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-12-1986
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.