Brucar
Open bankruptcyA bankruptcy procedure is open for Brucar according to publications in the Belgian State Gazette; curator: Mr. Guy DE BROUWER.
Summary
The 2012 annual accounts show negative equity (-€293,743) and a net result of -€22,076.
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
- Rechtbank van koophandel te Oudenaarde
- Declared bankrupt
- 9 January 2014
- Supervising judge
- Rechter in handelszaken : De heer Karl Otte-Vaere
- Official Gazette
- 16-01-2014 (pdf) ↗search the document for 2014/002020
Deadlines
- Provisional date payments stopped
- 9 July 2013Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 31 January 2014Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 25 February 2014Goods 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
- passed on 9 January 2015Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Mr. Guy De Brouweradvocaat te 9500 Geraardsbergen, Wijngaardstraat 16
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 ↗
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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
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Signals
Two signals.
+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 Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2012, abbreviated schema
Equity
-€293,743▼ 8.1%
2011 · -€271,667
Total assets
€59,498▼ 13.9%
2011 · €69,119
Net result
-€22,076
2011 · €117,171
Working capital
-€6,283
2011 · €8,027
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
Line2009201020112012
Operating result-€81,493-€870,555€47,100▼ 94.6%-€39,724
Net result€1.0m-€493,614▼ 52.0%€117,171▼ 76.3%-€22,076
Equity€653,855--€388,838-€271,667▲ 30.1%-€293,743▼ 8.1%
Total assets€1.6m-€1.5m▼ 4.7%€69,119▼ 95.3%€59,498▼ 13.9%
Debt€897,362-€1.5m▲ 64.7%€22,464▼ 98.5%€52,603▲ 134%
Working capital-€334,392-€5,400€8,027▲ 48.6%-€6,283
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2012: a loss of €39,724 after €47,100 in 2011.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €59,498
Fixed assets
€58,427 ▼ 0.8%
Current assets
€1,070 ▼ 89.5%
Key figures and ratios
EBITDA
-€39,273▼
2011 · €57,378
Cash flow
-€21,625▼
2011 · €127,449
Solvency
-493.7%▼
2011 · -393.0%
Current ratio
0.15▼
2011 · 4.63
ROA
-37.1%▼
2011 · 169.5%
Debt ≤ 1 year
€7,353▲
2011 · €2,214
Income taxes
€38
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74,973 | €1.5m | €10,278 | €451 | ▼ 95.6% |
| Gross operating margin9900 | -€4,841 | €2.4m | €60,604 | -€12,404 | ▼ 120% |
| Operating profit (loss)9901 | -€81,493 | €870,555 | €47,100 | -€39,724 | ▼ 184% |
| Recurring financial income75 | €6 | €4 | €64 | €7 | ▼ 89.6% |
| Recurring financial charges65 | €11,519 | €38,443 | €178 | €5 | ▼ 97.1% |
| Profit (loss) for the period before taxes9903 | €1.0m | €832,117 | €99,487 | -€39,723 | ▼ 140% |
| Income taxes67/77 | €0 | €2,496 | - | €38 | - |
| Profit (loss) for the period9904 | €1.0m | €493,614 | €117,171 | -€22,076 | ▼ 119% |
| Profit (loss) for the period to be appropriated9905 | €1.0m | -€158,925 | €151,515 | €12,268 | ▼ 91.9% |
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.6m | €1.5m | €69,119 | €59,498 | ▼ 13.9% |
| Fixed assets21/28 | €1.5m | €69,269 | €58,878 | €58,427 | ▼ 0.8% |
| Tangible fixed assets22/27 | €1.5m | €11,527 | €1,249 | €798 | ▼ 36.1% |
| Financial fixed assets28 | €57,742 | €57,742 | €57,629 | €57,629 | = |
| Current assets29/58 | €22,565 | €1.4m | €10,241 | €1,070 | ▼ 89.5% |
| Amounts receivable within one year40/41 | €2,178 | €1.3m | €8,512 | €973 | ▼ 88.6% |
| Cash at bank and in hand54/58 | €20,387 | €98,587 | €1,729 | €97 | ▼ 94.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €69,119 | €59,498 | ▼ 13.9% |
| Equity10/15 | €653,855 | -€388,838 | -€271,667 | -€293,743 | ▼ 8.1% |
| Contributions10/11 | €1.6m | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €271,233 | €923,772 | €889,427 | €855,083 | ▼ 3.9% |
| Profit (loss) carried forward14 | -€3.4m | -€3.6m | -€3.4m | -€3.4m | ▲ 0.4% |
| Provisions and deferred taxes16 | - | €388,507 | €318,322 | €300,637 | ▼ 5.6% |
| Amounts payable17/49 | €897,362 | €1.5m | €22,464 | €52,603 | ▲ 134% |
| Amounts payable after more than one year17 | €540,405 | - | - | - | - |
| Amounts payable within one year42/48 | €356,957 | €1.4m | €2,214 | €7,353 | ▲ 232% |
| Trade debts44 | €23,775 | €14,542 | €134 | €5,570 | ▲ 4,054% |
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | €493,614 | €117,171 | -€22,076 | ▼ 119% |
| + Depreciation and write-downs630 | €74,973 | €1.5m | €10,278 | €451 | ▼ 95.6% |
| Operating cash flow (approximation) | €1.1m | €2.0m | €127,449 | -€21,625 | ▼ 117% |
| Investment in fixed assets (approximation) | - | -€532 | €113 | €0 | ▼ 100% |
| Change in cash | - | €78,199 | -€96,858 | -€1,632 | ▲ 98.3% |
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
2014
16-01
Bankruptcy
Opening
Rechtbank van koophandel te Oudenaarde · event 09-01-2014
2013
31-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 120 days late
2012
30-06
Financial
Weakest financial yearnet -€22,076
Net result drops to -€22,076, the lowest in the series.
02-05
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 92 days late
2011
30-06
Financial
Liquidity times 5current ratio 4.63
Current ratio from 1.00 to 4.63; short-term debt falls from €1.4m to €2,214.
28-02
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 28 days late
2010
30-06
Financial
Liquidity times 16current ratio 1.00
Current ratio from 0.06 to 1.00.
31-03
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 59 days late
2008
27-02
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 27 days late
2007
31-01
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
31-01
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
31-01
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
2004
04-06
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema · 125 days late
2003
11-06
NBB filing
Annual accounts filed
fiscal year 2002 · full schema · 131 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.
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Directors · office · real estate
Directors
3 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, Geraardsbergen · 1 establishment unit since 1975
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Diebeke(Sch) 199500 Geraardsbergen1 establishment unit
Diebeke(Sch) 19, 9500 Geraardsbergen
since 19752.010.640.744
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Mr. Guy DE BROUWER advocaat te 9500 Geraardsbergen, Wijngaardstraat 16 |
09-01-2014 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-09-1974
Fiscal year end30-06
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.