BREVISCO
Open bankruptcyA bankruptcy procedure is open for BREVISCO according to publications in the Belgian State Gazette; curator: FRANCIS VOLCKAERT.
Summary
The 2021 annual accounts show equity of €563,906 and a net result of €131,585.
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, Ostend division
- Declared bankrupt
- 5 July 2023
- Supervising judge
- Marie-Sophie Bulcke
- Official Gazette
- 11-07-2023 (pdf) ↗search the document for 2023/128565
Curator
- Francis VolckaertElisabethlaan 25 Bus 1, 8400 Oostendeinfo@volckaert-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
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 05-11-2021, 5 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 filed
2024
not filed
2023
not filed
2022
not filed
2021
5 d late
2020
37 d early
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average on the deadline day; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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?Address check Are there other customers at risk in your own list?Debtor check How is the Wholesale of solid, liquid and gaseous fuels and related products sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
€563,906▲ 140%
2020 · €235,133
Total assets
€1.0m▲ 16.0%
2020 · €889,178
Net result
€131,585
2020 · -€102,828
Working capital
€96,999▼ 29.6%
2020 · €137,755
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
Line201920202021
Operating result-€293,314--€103,927▲ 64.6%€132,398
Net result-€281,642--€102,828▲ 63.5%€131,585
Equity-€707,305-€235,133€563,906▲ 140%
Total assets€607,503-€889,178▲ 46.4%€1.0m▲ 16.0%
Debt€1.3m-€654,045▼ 50.3%€467,885▼ 28.5%
Working capital€197,921-€137,755▼ 30.4%€96,999▼ 29.6%
Staff (FTE)4.4-3.7▼ 15.9%4.2▲ 13.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2021 Equity +140% on 2020. Cause not known from the registers.
- 2020 Net result +63% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €132,398 after a loss of €103,927 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.0m
Fixed assets
€561,656 ▲ 8.1%
Current assets
€470,135 ▲ 27.2%
Equity and liabilities €1.0m
Equity
€563,906 ▲ 140%
Debt
€467,885 ▼ 28.5%
Debt's share of the balance-sheet total falls from 73.6% to 45.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€219,759▲
2020 · -€32,859
Cash flow
€218,946▲
2020 · -€31,759
Current ratio
1.26▼
2020 · 1.59
Debt to equity
0.17▼
2020 · 1.79
ROE
23.3%▲
2020 · -43.7%
ROA
12.8%▲
2020 · -11.6%
Debt ≤ 1 year
€373,136▲
2020 · €231,778
Debt > 1 year
€93,633▼
2020 · €419,831
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,285 | €71,068 | €87,360 | ▲ 22.9% |
| Gross operating margin9900 | €10,983 | €85,008 | €395,958 | ▲ 366% |
| Operating profit (loss)9901 | -€293,314 | -€103,927 | €132,398 | ▲ 227% |
| Recurring financial income75 | €13,793 | €3,861 | €2,875 | ▼ 25.5% |
| Recurring financial charges65 | €2,121 | €2,762 | €3,688 | ▲ 33.6% |
| Profit (loss) for the period before taxes9903 | -€281,642 | -€102,828 | €131,585 | ▲ 228% |
| Profit (loss) for the period9904 | -€281,642 | -€102,828 | €131,585 | ▲ 228% |
| Profit (loss) for the period to be appropriated9905 | -€281,642 | -€102,828 | €131,585 | ▲ 228% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €607,503 | €889,178 | €1.0m | ▲ 16.0% |
| Fixed assets21/28 | €345,232 | €519,646 | €561,656 | ▲ 8.1% |
| Intangible fixed assets21 | €103,012 | €143,415 | €247,749 | ▲ 72.8% |
| Tangible fixed assets22/27 | €232,428 | €362,894 | €303,815 | ▼ 16.3% |
| Financial fixed assets28 | €9,792 | €13,337 | €10,092 | ▼ 24.3% |
| Current assets29/58 | €262,272 | €369,533 | €470,135 | ▲ 27.2% |
| Amounts receivable within one year40/41 | €239,140 | €298,501 | €334,540 | ▲ 12.1% |
| Cash at bank and in hand54/58 | €15,111 | €66,693 | €120,665 | ▲ 80.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €607,503 | €889,178 | €1.0m | ▲ 16.0% |
| Equity10/15 | -€707,305 | €235,133 | €563,906 | ▲ 140% |
| Contributions10/11 | €624,789 | - | - | - |
| Reserves13 | €7,966 | €7,966 | €7,966 | = |
| Profit (loss) carried forward14 | -€1.4m | -€384,470 | -€52,884 | ▲ 86.2% |
| Amounts payable17/49 | €1.3m | €654,045 | €467,885 | ▼ 28.5% |
| Amounts payable after more than one year17 | €1.2m | €419,831 | €93,633 | ▼ 77.7% |
| Amounts payable within one year42/48 | €64,350 | €231,778 | €373,136 | ▲ 61.0% |
| Trade debts44 | €29,405 | €187,617 | €309,318 | ▲ 64.9% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€281,642 | -€102,828 | €131,585 | ▲ 228% |
| + Depreciation and write-downs630 | €66,285 | €71,068 | €87,360 | ▲ 22.9% |
| Operating cash flow (approximation) | -€215,357 | -€31,759 | €218,946 | ▲ 789% |
| Investment in fixed assets (approximation) | - | -€245,483 | -€129,371 | ▲ 47.3% |
| Change in cash | - | €51,582 | €53,972 | ▲ 4.6% |
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
2023
11-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 05-07-2023
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
31-03
Financial
Back to profitnet €131,585
Net result €131,585 after 2 loss-making years.
31-03
Financial
Equity above €500,000Eq €563,906 ▲140%
Equity rises from €235,133 to €563,906.
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Equity above €200,000Eq €235,133
Equity rises from -€707,305 to €235,133.
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
19-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
26-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2014
16-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
16-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
19-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 49 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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Directors · office · real estate
Directors
4 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, Oostende · 3 establishment units since 1981
Ground area
2.4 ha
Building footprint
2,568 m²
Volume, LiDAR
5,113 m³
3 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
3 establishment units
BREVISCO
since 19812.018.678.183
BREVISCO
since 20142.236.584.725
BUCCINUM
since 20202.306.517.963
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382D0885/00X000 | Flanders | 1.7 ha | - | - |
| 35382D0658/00N000 | Flanders | 4,790 m² | 1 · 859 m² | 7.8 m · 2 fl. |
| 35382D0681/00K004 | Flanders | 2,183 m² | 1 · 1,709 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 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 | FRANCIS VOLCKAERT ELISABETHLAAN 25 BUS 1,
8400 OOSTENDE |
05-07-2023 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 405 EUR awarded · 405 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 405 EUR | 405 EUR |
European research
2 projects · 239,871 EUR EU contributionProgrammes
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Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.236.584.725
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Of 840 companies in sector 46810 we hold annual accounts for 473. 361 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-03-1981
Fiscal year end31-03
Activities, NACEBEL 2025
46810Wholesale of solid, liquid and gaseous fuels and related products
49410Freight transport by road
50200Water transport
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 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.