BEPAK
InactiveBEPAK was declared bankrupt on 31-10-2022 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed for insufficient assets by judgment of 09-03-2026, published in the Belgian State Gazette on 13-03-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-08-2022, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
24 d late
2020
45 d late
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 38 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, full schema
Turnover
€113,787▼ 32.9%
2020 · €169,692
EBIT margin
-0.3%▲ 7.3pp
2020 · -7.7%
Net result
-€1,232▲ 90.5%
2020 · -€13,033
Working capital
-€39,106▼ 23.3%
2020 · -€31,714
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
Line2018201920202021
Turnover€560,526-€218,951▼ 60.9%€169,692▼ 22.5%€113,787▼ 32.9%
Operating result-€20,746--€30,093▼ 45.1%-€13,033▲ 56.7%-€391▲ 97.0%
Net result-€24,376--€36,932▼ 51.5%-€13,033▲ 64.7%-€1,232▲ 90.5%
EBIT margin-3.7%--13.7%▼ 10.0pp-7.7%▲ 6.1pp-0.3%▲ 7.3pp
Equity-€23,443--€25,175▼ 7.4%-€38,208▼ 51.8%-€39,440▼ 3.2%
Total assets€47,260-€46,359▼ 1.9%€92,855▲ 100%€72,683▼ 21.7%
Debt€70,702-€71,534▲ 1.2%€131,062▲ 83.2%€112,123▼ 14.5%
Working capital-€13,243--€19,681▼ 48.6%-€31,714▼ 61.1%-€39,106▼ 23.3%
Why a figure moved sharply
- 2019 Turnover -61% on 2018. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €391 in 2021 against €13,033 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €72,683
Fixed assets
€2,174 ▼ 31.5%
Current assets
€70,509 ▼ 21.4%
Key figures and ratios
EBITDA
€609▲
2020 · -€12,033
Cash flow
-€232▲
2020 · -€12,033
Solvency
-54.3%▼
2020 · -41.1%
Current ratio
0.64▼
2020 · 0.74
Quick ratio
0.05▼
2020 · 0.05
Debt to equity
-2.84▼
2020 · -0.25
ROA
-1.7%▲
2020 · -14.0%
Interest coverage
0.77
Debt ≤ 1 year
€109,615▼
2020 · €121,394
Debt > 1 year
€2,508▼
2020 · €9,668
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 | Change |
|---|---|---|---|---|---|
| Turnover70 | €560,526 | €218,951 | €169,692 | €113,787 | ▼ 32.9% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €113,177 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,374 | €1,000 | €1,000 | €1,000 | = |
| Gross operating margin9900 | -€6,288 | -€29,093 | -€12,033 | €609 | ▲ 105% |
| Operating profit (loss)9901 | -€20,746 | -€30,093 | -€13,033 | -€391 | ▲ 97.0% |
| Financial charges65/66B | - | - | - | €842 | - |
| Recurring financial charges65 | €3,630 | €6,382 | €0 | €792 | ▲ 439,667% |
| Non-recurring financial charges66B | - | - | - | €50 | - |
| Profit (loss) for the period before taxes9903 | -€24,376 | -€36,475 | -€13,033 | -€1,232 | ▲ 90.5% |
| Income taxes67/77 | - | €457 | - | - | - |
| Profit (loss) for the period9904 | -€24,376 | -€36,932 | -€13,033 | -€1,232 | ▲ 90.5% |
| Profit (loss) for the period to be appropriated9905 | -€24,376 | -€36,932 | -€13,033 | -€1,232 | ▲ 90.5% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €47,260 | €46,359 | €92,855 | €72,683 | ▼ 21.7% |
| Fixed assets21/28 | €5,174 | €4,174 | €3,174 | €2,174 | ▼ 31.5% |
| Intangible fixed assets21 | €5,000 | €4,000 | €3,000 | €2,000 | ▼ 33.3% |
| Financial fixed assets28 | €174 | €174 | €174 | €174 | = |
| Current assets29/58 | €42,085 | €42,185 | €89,680 | €70,509 | ▼ 21.4% |
| Stocks and contracts in progress3 | €40,183 | €40,183 | €83,312 | €65,162 | ▼ 21.8% |
| Stocks30/36 | - | - | - | €65,162 | - |
| Amounts receivable within one year40/41 | - | - | €4,023 | €5,163 | ▲ 28.4% |
| Other amounts receivable41 | - | - | - | €5,163 | - |
| Cash at bank and in hand54/58 | €1,903 | €2,002 | €2,346 | €184 | ▼ 92.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €47,260 | €46,359 | €92,855 | €72,683 | ▼ 21.7% |
| Equity10/15 | -€23,443 | -€25,175 | -€38,208 | -€39,440 | ▼ 3.2% |
| Contributions10/11 | €14,200 | €49,400 | €49,400 | €49,400 | = |
| Capital10 | - | - | - | €49,400 | - |
| Issued capital100 | - | - | - | €49,400 | - |
| Reserves13 | €2,788 | €2,788 | €2,788 | €2,788 | = |
| Non-distributable reserves130/1 | - | - | - | €288 | - |
| Legal reserve130 | - | - | - | €288 | - |
| Distributable reserves133 | - | - | - | €2,500 | - |
| Profit (loss) carried forward14 | -€40,431 | -€77,363 | -€90,396 | -€91,628 | ▼ 1.4% |
| Amounts payable17/49 | €70,702 | €71,534 | €131,062 | €112,123 | ▼ 14.5% |
| Amounts payable after more than one year17 | €15,374 | €9,668 | €9,668 | €2,508 | ▼ 74.1% |
| Financial debts170/4 | - | - | - | €2,508 | - |
| Amounts payable within one year42/48 | €55,328 | €61,866 | €121,394 | €109,615 | ▼ 9.7% |
| Trade debts44 | €36,552 | €54,319 | €115,094 | €103,315 | ▼ 10.2% |
| Suppliers440/4 | - | - | - | €103,315 | - |
| Other amounts payable47/48 | - | - | - | €6,300 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,376 | -€36,932 | -€13,033 | -€1,232 | ▲ 90.5% |
| + Depreciation and write-downs630 | €1,374 | €1,000 | €1,000 | €1,000 | = |
| Operating cash flow (approximation) | -€23,001 | -€35,932 | -€12,033 | -€232 | ▲ 98.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €100 | €343 | -€2,162 | ▼ 730% |
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
2026
13-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 09-03-2026
2022
07-11
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 31-10-2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 45 days late
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 45 days late
2019
31-12
Financial
Weakest financial yearnet -€36,932
Net result drops to -€36,932, the lowest in the series.
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 48 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
02-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 94 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 61 days late
2013
27-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS CHARLEZ CHAUSSEE DE MONS 52,
7170 MANAGE- .
Date provisoire de cessation de paiement : 31/10/2022 |
31-10-2022 → 09-03-2026 |