BOFRESH
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 12 March 2020 · trustee Ilse Roox · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Antwerp, Hasselt division
- Supervising judge
- Willem Corstjens
- Official Gazette
- 18-03-2020search the document for 2020/112312
Deadlines
- Provisional date payments stopped
- 12 March 2020A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 2 April 2020That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 11 April 2020art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 23 April 2020Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 12 March 2021A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Ilse RooxHassaluthdreef 12/2, 3500 Hasseltilse.roox@rooxadvocaten.be
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol. The trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 27-03-2009
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110
- Establishment unit
- 2.178.825.678 3940 Hechtel-Eksel, since 31-03-2009
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2017
- Gross margin
- €155,326
- ▲ 1.4%
- Turnover
- ≈ €1.4m
- estimated
- Profit
- €1,609
- ▲ 978%
- Equity
- €30,789
- ▲ 5.5%
- Total assets
- €930,217
- ▲ 17.9%
- Staff
- 4.1 FTE
- ▲ 5.1%
Financials
Financials · financial year 2017, abbreviated format
2017 annual accounts filed 9 days after the deadline Filed on 9 August 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-44200313.
Annual accounts 2017 filed on 09-08-2018 PDF all 9 filings
Turnover
≈ €1.4m
Estimated: probably between €1.0m and €1.8m
Total assets
€930,217▲ 17.9%
2016 · €788,794
Net result
€1,609▲ 978%
2016 · €149
Working capital
€39,984▲ 49.8%
2016 · €26,688
Multi-year overview
2013 to 2017, 5 financial yearsOperating result
€15,930
▲ 0.8%
2017
20132017
Net result
€1,609
▲ 978%
2017
20132017
Equity
€30,789
▲ 5.5%
2017
20132017
Total assets
€930,217
▲ 17.9%
2017
20132017
Debt
€899,429
▲ 18.4%
2017
20132017
Working capital
€39,984
▲ 49.8%
2017
20132017
Staff (FTE)
4.1
▲ 5.1%
2017
20132017
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€58,008-€37,014▼ 36.2%€86,283▲ 133%€15,805▼ 81.7%€15,930▲ 0.8%
Net result€38,445-€176▼ 99.5%€502▲ 184%€149▼ 70.2%€1,609▲ 978%
Equity€28,353-€28,529▲ 0.6%€29,030▲ 1.8%€29,180▲ 0.5%€30,789▲ 5.5%
Total assets€515,955-€554,607▲ 7.5%€842,018▲ 51.8%€788,794▼ 6.3%€930,217▲ 17.9%
Debt€487,602-€526,078▲ 7.9%€812,987▲ 54.5%€759,614▼ 6.6%€899,429▲ 18.4%
Working capital-€16,265--€39,668▼ 144%€5,135€26,688▲ 420%€39,984▲ 49.8%
Staff (FTE)2.6-3.3▲ 26.9%4.5▲ 36.4%3.9▼ 13.3%4.1▲ 5.1%
The operating result for 2017 is 1% higher than in 2016. It is a recovery after the fall in 2016.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €930,217
Fixed assets
€107,584 ▼ 27.4%
Current assets
€822,633 ▲ 28.4%
Equity and liabilities €930,217
Equity
€30,789 ▲ 5.5%
Debt
€899,429 ▲ 18.4%
Debt's share of the balance-sheet total rises from 96.3% to 96.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57,211▼
2016 · €66,936
Cash flow
€42,890▼
2016 · €51,280
Current ratio
1.05▲
2016 · 1.04
Quick ratio
0.86▲
2016 · 0.79
Debt to equity
3.79▼
2016 · 4.99
ROE
5.2%▲
2016 · 0.5%
ROA
0.2%▲
2016 · 0.0%
Debt ≤ 1 year
€782,649▲
2016 · €613,928
Debt > 1 year
€116,780▼
2016 · €145,686
Income taxes
€930▼
2016 · €3,921
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,646 | €44,002 | €50,978 | €51,131 | €41,281 | ▼ 19.3% |
| Gross operating margin9900 | €168,504 | €250,669 | €272,830 | €153,218 | €155,326 | ▲ 1.4% |
| Operating profit (loss)9901 | €58,008 | €37,014 | €86,283 | €15,805 | €15,930 | ▲ 0.8% |
| Recurring financial income75 | - | - | - | €3 | €248 | ▲ 93× |
| Recurring financial charges65 | €19,562 | €29,784 | €20,530 | €11,737 | €13,639 | ▲ 16.2% |
| Profit (loss) for the period before taxes9903 | €38,445 | €7,229 | -€820 | €4,071 | €2,539 | ▼ 37.6% |
| Income taxes67/77 | - | €7,053 | -€1,322 | €3,921 | €930 | ▼ 76.3% |
| Profit (loss) for the period9904 | €38,445 | €176 | €502 | €149 | €1,609 | ▲ 978% |
| Profit (loss) for the period to be appropriated9905 | €38,445 | €176 | €502 | €149 | €1,609 | ▲ 978% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €515,955 | €554,607 | €842,018 | €788,794 | €930,217 | ▲ 17.9% |
| Fixed assets21/28 | €247,536 | €247,429 | €196,451 | €148,178 | €107,584 | ▼ 27.4% |
| Intangible fixed assets21 | €10,496 | €7,496 | €4,496 | €1,488 | - | - |
| Tangible fixed assets22/27 | €236,840 | €236,733 | €188,755 | €143,490 | €103,341 | ▼ 28.0% |
| Financial fixed assets28 | €200 | €3,200 | €3,200 | €3,200 | €4,243 | ▲ 32.6% |
| Current assets29/58 | €268,418 | €307,178 | €645,566 | €640,616 | €822,633 | ▲ 28.4% |
| Stocks and contracts in progress3 | €141,388 | €159,397 | €153,670 | €152,950 | €151,995 | ▼ 0.6% |
| Amounts receivable within one year40/41 | €57,767 | €48,500 | €393,277 | €398,264 | €570,706 | ▲ 43.3% |
| Cash at bank and in hand54/58 | €61,416 | €83,686 | €80,038 | €67,775 | €78,251 | ▲ 15.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €515,955 | €554,607 | €842,018 | €788,794 | €930,217 | ▲ 17.9% |
| Equity10/15 | €28,353 | €28,529 | €29,030 | €29,180 | €30,789 | ▲ 5.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €9,753 | €9,929 | €10,430 | €10,580 | €12,189 | ▲ 15.2% |
| Amounts payable17/49 | €487,602 | €526,078 | €812,987 | €759,614 | €899,429 | ▲ 18.4% |
| Amounts payable after more than one year17 | €202,919 | €179,232 | €172,555 | €145,686 | €116,780 | ▼ 19.8% |
| Amounts payable within one year42/48 | €284,683 | €346,846 | €640,432 | €613,928 | €782,649 | ▲ 27.5% |
| Trade debts44 | €80,000 | - | - | €76,000 | €27,970 | ▼ 63.2% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,445 | €176 | €502 | €149 | €1,609 | ▲ 978% |
| + Depreciation and write-downs630 | €42,646 | €44,002 | €50,978 | €51,131 | €41,281 | ▼ 19.3% |
| Operating cash flow (approximation) | €81,091 | €44,178 | €51,479 | €51,280 | €42,890 | ▼ 16.4% |
| Investment in fixed assets (approximation) | - | -€43,895 | €0 | -€2,858 | -€687 | ▲ 76.0% |
| Change in cash | - | €22,270 | -€3,647 | -€12,263 | €10,476 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2017 | abbreviated format | 09-08-2018 | 2018-44200313 | |
| 31-12-2016 | abbreviated format | 25-07-2017 | 2017-34700290 | |
| 31-12-2015 | abbreviated format | 19-08-2016 | 2016-43700149 | |
| 31-12-2014 | abbreviated format | 13-08-2015 | 2015-41900206 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-50100174 | |
| 31-12-2012 | abbreviated format | 26-07-2013 | 2013-34700460 | |
| 31-12-2011 | abbreviated format | 19-06-2012 | 2012-18000204 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-52400311 | |
| 31-12-2009 | abbreviated format | 10-08-2010 | 2010-39800575 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Ilse Roox Hassaluthdreef 12/2, 3500 Hasselt |
12-03-2020 → present |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2025
12-06
Bankruptcy
Supervising judge replaced
Enterprise Court of Antwerp, Hasselt division · judgment of 05-06-2025
2020
18-03
Bankruptcy
Bankruptcy declared
Enterprise Court of Antwerp, Hasselt division · judgment of 12-03-2020
2018
09-08
abbreviated format · 9 days late
2017
25-07
abbreviated format · 6 days before the deadline
2016
31-12
Financial
Weakest financial yearnet €149 ▼70.2%
The net result drops to €149, the lowest from 2013 to 2017.
19-08
abbreviated format · 19 days late
2015
13-08
abbreviated format · 13 days late
2014
29-08
abbreviated format · 29 days late
2013
26-07
abbreviated format · 5 days before the deadline
2012
19-06
abbreviated format · 42 days before the deadline
2011
31-08
abbreviated format · 31 days late
2010
10-08
abbreviated format · 10 days late
2009
08-04
5 publications in the Belgian Official Gazette, the last on 10-07-2012
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2017
- Legal form
- Private limited company (pre-2019)
- Active since
- 27 March 2009
Register details
Identity
Name
BOFRESH in Dutch
Enterprise number
0810.796.472
Entity type
Legal entity
Registered office and establishments
Registered office
Truibroek 15, 3945 Tessenderlo-Ham, Belgium
Establishment unit
SPAR, Overpelterbaan 9, 3940 Hechtel-Eksel since 31-03-2009 · unit number 2.178.825.678
Activities
NACEBEL 202547110
Non-specialised retail sale with food, beverages or tobacco predominating main activity
Codes under NACEBEL 2008
47114
Supermarkets main activity
Invoicing and payment
VAT number
BE 0810.796.472
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Dual-learning approval
3 endedAanvuller (so)
Kassier (so)
Winkelbediende (so)
Sites & property
Location
Buildings and parcels at the addresses
Ground area
7,389 m²
Building footprint
1,245 m²
Building volume
7,503 m³
Tallest building: 13.1 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71046B0770/00C000 | Flanders | 5,022 m² | 1 · 606 m² | 7.4 m · 2 |
| 72006A0364/00B002 | Flanders | 2,367 m² | 1 · 639 m² | 13.1 m · 1 |