BREDAEL
Open bankruptcyA bankruptcy procedure is open for BREDAEL according to publications in the Belgian State Gazette; curator: VINCENT VERLAECKT.
Summary
Inactive; last annual accounts for fiscal year 2019.
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
- Enterprise Court of Ghent, Dendermonde division
- Declared bankrupt
- 25 October 2021
- Supervising judge
- Evelyne Martens
- Official Gazette
- 05-11-2021 (pdf) ↗search the document for 2021/138569
Curator
- Vincent VerlaecktMgr. Stillemans- Straat 61/6, 9100 Sint-Niklaas- advocaten.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 30-11-2020, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
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
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 122 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
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 Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2019, abbreviated schema
Turnover
€147,461▼ 3.7%
2018 · €153,103
EBIT margin
7.4%▼ 5.7pp
2018 · 13.1%
Net result
€2,202▼ 32.5%
2018 · €3,261
Working capital
-€72,365▼ 2.9%
2018 · -€70,346
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
Line20182019
Turnover€153,103-€147,461▼ 3.7%
Operating result€19,997-€10,864▼ 45.7%
Net result€3,261-€2,202▼ 32.5%
EBIT margin13.1%-7.4%▼ 5.7pp
Equity€54,419-€56,621▲ 4.0%
Total assets€282,674-€272,472▼ 3.6%
Debt€228,255-€215,851▼ 5.4%
Working capital-€70,346--€72,365▼ 2.9%
Staff (FTE)1-0.9▼ 10.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2019; 2019 is 46% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €271,635
Fixed assets
€266,211 ▼ 3.4%
Current assets
€5,424 ▼ 12.6%
Equity and liabilities €272,472
Equity
€56,621 ▲ 4.0%
Debt
€215,851 ▼ 5.4%
Debt's share of the balance-sheet total falls from 80.7% to 79.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,282▼
2018 · €29,415
Cash flow
€11,620▼
2018 · €12,679
Current ratio
0.07▼
2018 · 0.08
Debt to equity
2.40▼
2018 · 2.74
ROE
3.9%▼
2018 · 6.0%
ROA
0.8%▼
2018 · 1.2%
Debt ≤ 1 year
€77,789▲
2018 · €76,554
Debt > 1 year
€135,662▼
2018 · €149,165
Income taxes
-€4,352▼
2018 · €2,233
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €153,103 | €147,461 | ▼ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,418 | €9,418 | = |
| Gross operating margin9900 | €60,260 | €49,410 | ▼ 18.0% |
| Operating profit (loss)9901 | €19,997 | €10,864 | ▼ 45.7% |
| Recurring financial charges65 | €14,503 | €13,014 | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | €5,494 | -€2,150 | ▼ 139% |
| Income taxes67/77 | €2,233 | -€4,352 | ▼ 295% |
| Profit (loss) for the period9904 | €3,261 | €2,202 | ▼ 32.5% |
| Profit (loss) for the period to be appropriated9905 | €3,261 | €2,202 | ▼ 32.5% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €282,674 | €272,472 | ▼ 3.6% |
| Formation expenses20 | €837 | €837 | = |
| Fixed assets21/28 | €275,629 | €266,211 | ▼ 3.4% |
| Tangible fixed assets22/27 | €275,629 | €266,211 | ▼ 3.4% |
| Current assets29/58 | €6,208 | €5,424 | ▼ 12.6% |
| Amounts receivable within one year40/41 | €232 | €2,028 | ▲ 774% |
| Cash at bank and in hand54/58 | €496 | €196 | ▼ 60.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €282,674 | €272,472 | ▼ 3.6% |
| Equity10/15 | €54,419 | €56,621 | ▲ 4.0% |
| Contributions10/11 | €25,000 | €25,000 | = |
| Reserves13 | €2,597 | €2,597 | = |
| Profit (loss) carried forward14 | €26,822 | €29,024 | ▲ 8.2% |
| Amounts payable17/49 | €228,255 | €215,851 | ▼ 5.4% |
| Amounts payable after more than one year17 | €149,165 | €135,662 | ▼ 9.1% |
| Amounts payable within one year42/48 | €76,554 | €77,789 | ▲ 1.6% |
| Trade debts44 | €37,580 | €36,010 | ▼ 4.2% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3,261 | €2,202 | ▼ 32.5% |
| + Depreciation and write-downs630 | €9,418 | €9,418 | = |
| Operating cash flow (approximation) | €12,679 | €11,620 | ▼ 8.4% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€300 | - |
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
2021
05-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 25-10-2021
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 43 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 87 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
24-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
25-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
19-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 50 days late
2011
26-11
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 118 days late
SignalNBB filing
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VINCENT VERLAECKT MGR. STILLEMANS-
STRAAT 61/6, 9100 SINT-NIKLAAS- verlaeckt@hoornaert-
advocaten.be |
25-10-2021 → present |