BLERCO
Open bankruptcyAre 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, Ghent division
- Declared bankrupt
- 20 January 2026
- Supervising judge
- Lieven Steel
- Official Gazette
- 04-02-2026 (pdf) ↗search the document for 2026/104704
Deadlines
- Provisional date payments stopped
- 20 January 2026A later judgment can change the date.art. XX.105 CEL
- File the claim in RegSol until
- passed on 19 February 2026art. XX.104 and XX.155 CEL
- Appeal or third-party opposition until
- passed on 19 February 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 27 February 2026Goods 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
- 20 January 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Catharina JanssensKortrijksesteenweg 62, 9830 Sint-Martens-Latemcatharina.janssens@bloom-law.be
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
Embed in an article
Writing about this bankruptcy? Put the card of BLERCO in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Signals
1 signal.
+raises risk
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?Process a list How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€14,230▲ 36.6%
2023 · €10,419
Total assets
€88,939▼ 14.2%
2023 · €103,617
Net result
€3,811▼ 81.3%
2023 · €20,380
Working capital
€1,951
2023 · -€4,839
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€14,918▲ 12,713%€52,602▲ 253%€2,586▼ 95.1%€40,383▲ 1,462%€42,488▲ 5.2%
Net result€1,814within the sector's middle half€37,022above the sector's middle half▲ 1,941%-€7,606within the sector's middle half€20,380above the sector's middle half€3,811within the sector's middle half▼ 81.3%
Equity-€39,378below the sector's middle half▲ 4.4%-€2,355below the sector's middle half▲ 94.0%-€9,961below the sector's middle half▼ 323%€10,419within the sector's middle half€14,230within the sector's middle half▲ 36.6%
Total assets€40,333within the sector's middle half▼ 0.9%€56,538within the sector's middle half▲ 40.2%€58,160within the sector's middle half▲ 2.9%€103,617within the sector's middle half▲ 78.2%€88,939within the sector's middle half▼ 14.2%
Debt€79,711▼ 2.6%€58,894▼ 26.1%€68,121▲ 15.7%€93,198▲ 36.8%€74,709▼ 19.8%
Working capital-€3,534within the sector's middle half▼ 49.5%-€305within the sector's middle half▲ 91.4%-€24,987within the sector's middle half▼ 8,099%-€4,839within the sector's middle half▲ 80.6%€1,951within the sector's middle half
Solvency-97.6%below the sector's middle half▲ 3.6pp-4.2%below the sector's middle half▲ 93.5pp-17.1%below the sector's middle half▼ 13.0pp10.1%within the sector's middle half▲ 27.2pp16.0%within the sector's middle half▲ 5.9pp
Current ratio0.86within the sector's middle half▼ 0.030.99within the sector's middle half▲ 0.140.63within the sector's middle half▼ 0.360.95within the sector's middle half▲ 0.311.03within the sector's middle half▲ 0.08
Return on assets (ROA)4.5%within the sector's middle half▲ 17.4pp65.5%above the sector's middle half▲ 61.0pp-13.1%below the sector's middle half▼ 78.6pp19.7%above the sector's middle half▲ 32.7pp4.3%within the sector's middle half▼ 15.4pp
Staff (FTE)2.7within the sector's middle half▲ 800%2.5▼ 7.4%5.8▲ 132%5.4▼ 6.9%4.1▼ 24.1%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 5% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €88,939
Fixed assets
€12,279 ▼ 19.5%
Current assets
€76,660 ▼ 13.2%
Equity and liabilities €88,939
Equity
€14,230 ▲ 36.6%
Debt
€74,709 ▼ 19.8%
Debt's share of the balance-sheet total falls from 89.9% to 84.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,467▲
2023 · €43,253
Cash flow
€6,790▼
2023 · €23,250
Quick ratio
0.97▲
2023 · 0.95
Debt to equity
5.25▼
2023 · 8.95
ROE
26.8%▼
2023 · 195.6%
Interest coverage
1.11▼
2023 · 2.06
Debt ≤ 1 year
€74,709▼
2023 · €93,198
Staff costs
€73,587▼
2023 · €92,790
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €42,255 | €100,882 | €92,790 | €73,587 | ▼ 20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,184 | €3,857 | €2,924 | €2,870 | €2,979 | ▲ 3.8% |
| Other operating charges640/8 | - | €1,065 | €2,890 | €3,822 | €2,162 | ▼ 43.4% |
| Gross operating margin9900 | €66,838 | €99,779 | €109,281 | €139,864 | €121,215 | ▼ 13.3% |
| Operating profit (loss)9901 | €14,918 | €52,602 | €2,586 | €40,383 | €42,488 | ▲ 5.2% |
| Financial income75/76B | - | €1 | €286 | €972 | €2,466 | ▲ 154% |
| Recurring financial income75 | - | €1 | €286 | €972 | €2,466 | ▲ 154% |
| Financial charges65/66B | - | €15,581 | €10,477 | €20,975 | €41,143 | ▲ 96.2% |
| Recurring financial charges65 | €13,105 | €15,581 | €10,477 | €20,975 | €41,143 | ▲ 96.2% |
| Profit (loss) for the period before taxes9903 | €1,814 | €37,022 | -€7,606 | €20,380 | €3,811 | ▼ 81.3% |
| Profit (loss) for the period9904 | €1,814 | €37,022 | -€7,606 | €20,380 | €3,811 | ▼ 81.3% |
| Profit (loss) for the period to be appropriated9905 | €1,814 | €37,022 | -€7,606 | €20,380 | €3,811 | ▼ 81.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,333 | €56,538 | €58,160 | €103,617 | €88,939 | ▼ 14.2% |
| Formation expenses20 | €348 | €174 | - | - | - | - |
| Fixed assets21/28 | €19,108 | €17,775 | €15,025 | €15,258 | €12,279 | ▼ 19.5% |
| Intangible fixed assets21 | €433 | €371 | €309 | €247 | €186 | ▼ 25.0% |
| Tangible fixed assets22/27 | €17,075 | €15,804 | €13,116 | €13,410 | €10,493 | ▼ 21.8% |
| Furniture and vehicles24 | - | - | - | €2,982 | €2,165 | ▼ 27.4% |
| Other tangible fixed assets26 | - | €15,804 | €13,116 | €10,428 | €8,328 | ▼ 20.1% |
| Financial fixed assets28 | €1,600 | €1,600 | €1,600 | €1,600 | €1,600 | = |
| Current assets29/58 | €20,877 | €38,589 | €43,135 | €88,360 | €76,660 | ▼ 13.2% |
| Stocks and contracts in progress3 | - | - | - | - | €4,000 | - |
| Stocks30/36 | - | - | - | - | €4,000 | - |
| Amounts receivable within one year40/41 | €2,308 | €6,785 | €28,037 | €70,498 | €42,841 | ▼ 39.2% |
| Trade receivables40 | - | €6,769 | €19,743 | €41,984 | €3,681 | ▼ 91.2% |
| Other amounts receivable41 | - | €15 | €8,294 | €28,514 | €39,160 | ▲ 37.3% |
| Cash at bank and in hand54/58 | €18,223 | €31,043 | €15,098 | €17,861 | €18,289 | ▲ 2.4% |
| Deferred charges and accrued income490/1 | - | €762 | - | - | €11,531 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,333 | €56,538 | €58,160 | €103,617 | €88,939 | ▼ 14.2% |
| Equity10/15 | -€39,378 | -€2,355 | -€9,961 | €10,419 | €14,230 | ▲ 36.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Other1109/19 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€59,829 | -€22,807 | -€30,412 | -€10,032 | -€6,221 | ▲ 38.0% |
| Amounts payable17/49 | €79,711 | €58,894 | €68,121 | €93,198 | €74,709 | ▼ 19.8% |
| Amounts payable after more than one year17 | €55,000 | €20,000 | - | - | - | - |
| Financial debts170/4 | - | €20,000 | - | - | - | - |
| Amounts payable within one year42/48 | €24,411 | €38,894 | €68,121 | €93,198 | €74,709 | ▼ 19.8% |
| Trade debts44 | €13,788 | €27,842 | €33,621 | €46,875 | €24,607 | ▼ 47.5% |
| Suppliers440/4 | - | €27,842 | €33,621 | €46,875 | €24,607 | ▼ 47.5% |
| Advances received on contracts in progress46 | - | €3,603 | €16,730 | €5,483 | - | - |
| Taxes, remuneration and social security45 | - | €6,758 | €17,770 | €40,841 | €50,102 | ▲ 22.7% |
| Taxes450/3 | - | €3,600 | €10,644 | €40,841 | €35,367 | ▼ 13.4% |
| Remuneration and social security454/9 | - | €3,157 | €7,127 | - | €14,735 | - |
| Other amounts payable47/48 | - | €691 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,814 | €37,022 | -€7,606 | €20,380 | €3,811 | ▼ 81.3% |
| + Depreciation and write-downs630 | €4,184 | €3,857 | €2,924 | €2,870 | €2,979 | ▲ 3.8% |
| Operating cash flow (approximation) | €5,998 | €40,879 | -€4,682 | €23,250 | €6,790 | ▼ 70.8% |
| Investment in fixed assets (approximation) | - | -€2,524 | -€174 | -€3,102 | €0 | ▲ 100% |
| Change in cash | - | €12,820 | -€15,945 | €2,763 | €428 | ▼ 84.5% |
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
2026
13-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 256 days late
04-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 20-01-2026
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 278 days late
2024
16-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 260 days late
2023
31-12
Financial
Back to profitnet €20,380
Net result €20,380 after one loss-making year.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 234 days late
2021
31-12
Financial
Highest result since 2018net €37,022 ▲1,941%
Operating result €52,602, net result €37,022, both a record.
2020
31-12
Financial
Back to profitnet €1,814
Net result €1,814 after 2 loss-making years.
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 43 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2018
Ground area
206 m²
Building footprint
199 m²
Volume, LiDAR
3,035 m³
Parcel 44802B1270/00L000, Flanders · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Sint-Jacobsnieuwstraat 45, 9000 Gent
since 20182.278.540.787
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B1270/00L000 | Flanders | 206 m² | 1 · 199 m² | 18.6 m · 5 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 | CATHARINA JANSSENS Kortrijksesteenweg 62, 9830 Sint-Martens-Latem |
20-01-2026 → present |
Subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Similar companies · same sector, comparable size
Go IV Excellence
BE 0552.795.377
Sint-Lambrechts-Woluwe · Eq €14,234
Pizza Vali
BE 0504.907.269
Wijnegem · Eq €14,242
PIZZELLIA
BE 0771.362.212
Binche · Eq €14,215
DA ROSOLINO
BE 0846.750.315
Liège · Eq €14,209
ALIAZ
BE 0828.694.061
Middelkerke · Eq €14,259
Of 20,500 companies in this sector we hold annual accounts for 11,468. 8,052 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded26-06-1992
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447703203
Also
9925:BE0447703203
Registered
07-04-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.