BRUSSELS CAMPUS
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
- Tribunal de commerce de Nivelles
- Declared bankrupt
- 17 May 2010
- Supervising judge
- M. Kruyts, Raymond
- Official Gazette
- 27-05-2010 (pdf) ↗search the document for 2010/022154
Deadlines
- Appeal or third-party opposition until
- passed on 11 June 2010Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 16 June 2010art. XX.104 and XX.155 CEL
- First verification report
- passed on 28 June 2010Goods 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 17 May 2011Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Me RoosenLaurence, avocat à 1341 Céroux-Mousty, avenue des Iris 101
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 ↗
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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. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
28 d early
2023
141 d late
2022
217 d late
2021
41 d early
2020
32 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 How is this company connected to another party?Network investigator 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 Property management for co-owned buildings (syndics) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema, 2025 accounts filed, figures not processed yet
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€187,100▲ 347,153%
2023 · €54
Working capital
-€976,159▲ 51.1%
2023 · -€2.0m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 68, Real estate 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€2,701▲ 123%-€9,494€4,553€569▼ 87.5%€187,728▲ 32,875%
Net result€2,789within the sector's middle half▲ 168%-€9,649within the sector's middle half€4,285within the sector's middle half€54within the sector's middle half▼ 98.7%€187,100above the sector's middle half▲ 347,153%
Equity-€175,655below the sector's middle half▲ 1.6%-€185,305below the sector's middle half▼ 5.5%€1.3mwithin the sector's middle half€1.3mwithin the sector's middle half=€1.5mwithin the sector's middle half▲ 14.2%
Total assets€32,217below the sector's middle half▼ 53.6%€18,923below the sector's middle half▼ 41.3%€6.9mwithin the sector's middle half▲ 36,204%€6.7mwithin the sector's middle half▼ 2.6%€5.8mwithin the sector's middle half▼ 14.0%
Debt€207,872▼ 16.2%€204,228▼ 1.8%€5.6m▲ 2,618%€5.4m▼ 3.2%€4.2m▼ 20.9%
Working capital-€189,052below the sector's middle half▲ 5.6%-€202,683below the sector's middle half▼ 7.2%-€2.2mbelow the sector's middle half▼ 963%-€2.0mbelow the sector's middle half▲ 7.4%-€976,159below the sector's middle half▲ 51.1%
Solvency-545.2%below the sector's middle half▼ 288.4pp-979.2%below the sector's middle half▼ 434.0pp19.2%within the sector's middle half▲ 998.4pp19.7%within the sector's middle half▲ 0.5pp26.2%within the sector's middle half▲ 6.5pp
Current ratio0.08below the sector's middle half▼ 0.100.01below the sector's middle half▼ 0.070.16below the sector's middle half▲ 0.150.16below the sector's middle half=0.22below the sector's middle half▲ 0.06
Return on assets (ROA)8.7%above the sector's middle half▲ 7.2pp-51.0%below the sector's middle half▼ 59.6pp0.1%within the sector's middle half▲ 51.1pp0.0%within the sector's middle half▼ 0.1pp3.3%within the sector's middle half▲ 3.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 32,875% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.8m
Fixed assets
€5.5m ▼ 13.2%
Current assets
€271,572 ▼ 27.5%
Equity and liabilities €5.8m
Equity
€1.5m ▲ 14.2%
Debt
€4.2m ▼ 20.9%
Debt's share of the balance-sheet total falls from 80.3% to 73.8%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
2.82▼
2023 · 4.07
ROE
12.4%▲
2023 · 0.0%
Debt ≤ 1 year
€1.2m▼
2023 · €2.4m
Debt > 1 year
€3.0m=
2023 · €3.0m
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €196,782 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,280 | €19,430 | €6,819 | - | - | - |
| Other operating charges640/8 | - | €6,050 | €159 | €447 | €50 | ▼ 88.8% |
| Operating charges capitalised as restructuring costs649 | - | - | - | €0 | €0 | - |
| Gross operating margin9900 | €13,981 | €15,986 | €11,531 | €1,016 | €187,778 | ▲ 18,386% |
| Operating profit (loss)9901 | €2,701 | -€9,494 | €4,553 | €569 | €187,728 | ▲ 32,875% |
| Financial income75/76B | - | - | - | - | €9 | - |
| Recurring financial income75 | €124 | - | - | - | €9 | - |
| Financial charges65/66B | - | €155 | €268 | €515 | €637 | ▲ 23.6% |
| Recurring financial charges65 | €36 | €155 | €268 | €515 | €637 | ▲ 23.6% |
| Profit (loss) for the period before taxes9903 | €2,789 | -€9,649 | €4,285 | €54 | €187,100 | ▲ 347,153% |
| Profit (loss) for the period9904 | €2,789 | -€9,649 | €4,285 | €54 | €187,100 | ▲ 347,153% |
| Profit (loss) for the period to be appropriated9905 | €2,789 | -€9,649 | €4,285 | €54 | €187,100 | ▲ 347,153% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32,217 | €18,923 | €6.9m | €6.7m | €5.8m | ▼ 14.0% |
| Fixed assets21/28 | €16,604 | €17,631 | €6.5m | €6.3m | €5.5m | ▼ 13.2% |
| Tangible fixed assets22/27 | €16,604 | €17,631 | €6,819 | - | - | - |
| Furniture and vehicles24 | - | €17,631 | €6,819 | - | - | - |
| Financial fixed assets28 | - | - | €6.5m | €6.3m | €5.5m | ▼ 13.2% |
| Current assets29/58 | €15,613 | €1,292 | €395,744 | €374,811 | €271,572 | ▼ 27.5% |
| Amounts receivable within one year40/41 | €7,548 | €593 | €259,391 | €334,469 | €49,756 | ▼ 85.1% |
| Trade receivables40 | - | €593 | €5,734 | €26,509 | €26,938 | ▲ 1.6% |
| Other amounts receivable41 | - | - | €253,656 | €307,960 | €22,818 | ▼ 92.6% |
| Cash at bank and in hand54/58 | €8,065 | €700 | €136,353 | €40,342 | €221,816 | ▲ 450% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32,217 | €18,923 | €6.9m | €6.7m | €5.8m | ▼ 14.0% |
| Equity10/15 | -€175,655 | -€185,305 | €1.3m | €1.3m | €1.5m | ▲ 14.2% |
| Contributions10/11 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Capital10 | - | €500,000 | - | €500,000 | €500,000 | = |
| Issued capital100 | - | €500,000 | - | €500,000 | €500,000 | = |
| Revaluation surpluses12 | - | - | €1.5m | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | -€675,655 | -€685,305 | -€681,020 | -€680,966 | -€493,866 | ▲ 27.5% |
| Amounts payable17/49 | €207,872 | €204,228 | €5.6m | €5.4m | €4.2m | ▼ 20.9% |
| Amounts payable after more than one year17 | €3,208 | €253 | €3.0m | €3.0m | €3.0m | = |
| Financial debts170/4 | - | €253 | €3.0m | €3.0m | €3.0m | = |
| Amounts payable within one year42/48 | €204,664 | €203,976 | €2.6m | €2.4m | €1.2m | ▼ 47.4% |
| Current portion of amounts payable after more than one year42 | - | €2,955 | €253 | - | - | - |
| Trade debts44 | - | €1,557 | €1,226 | €0 | - | - |
| Suppliers440/4 | - | €1,557 | €1,226 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €730 | €1,487 | €9 | €2,724 | ▲ 29,731% |
| Taxes450/3 | - | €730 | €1,487 | €9 | €2,724 | ▲ 29,731% |
| Other amounts payable47/48 | - | €198,733 | €2.5m | €2.4m | €1.2m | ▼ 47.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,789 | -€9,649 | €4,285 | €54 | €187,100 | ▲ 347,153% |
| + Depreciation and write-downs630 | €11,280 | €19,430 | €6,819 | - | - | - |
| Operating cash flow (approximation) | €14,069 | €9,781 | €11,104 | €54 | €187,100 | ▲ 347,153% |
| Investment in fixed assets (approximation) | - | -€20,457 | -€6.5m | €158,919 | €833,032 | ▲ 424% |
| Change in cash | - | -€7,365 | €135,654 | -€96,011 | €181,474 | ▲ 289% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
02-06
State Gazette act
General meeting · Director reappointment
Power of attorney
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €187,100 ▲347,153%
Operating result €187,728, net result €187,100, both a record.
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 141 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 217 days late
2022
31-12
Financial
Back to profitnet €4,285
Net result €4,285 after one loss-making year.
31-12
Financial
Equity above €1mEq €1.3m
Equity rises from -€185,305 to €1.3m.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€9,649
Net result drops to -€9,649, the lowest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2010
27-05
Bankruptcy
Opening
Tribunal de commerce de Nivelles · event 17-05-2010
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Braine-l'Alleud · 1 establishment unit since 1992
Ground area
7,608 m²
Building footprint
767 m²
Volume, LiDAR
4,759 m³
2 parcels, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 establishment unit
Chaussée de Louvain 5, 1410 Waterloo
since 19922.057.299.724
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25078C0205/00F000 | Wallonia | 6,897 m² | 1 · 198 m² | 6.6 m · 2 fl. |
| 25764O0337/00B000 | Wallonia | 711 m² | 1 · 569 m² | 9.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 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 | Me Roosen Laurence, avocat à 1341 Céroux-Mousty, avenue des Iris 101 |
17-05-2010 → present |
Structure & network
Connections & network
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Company details
Identification
Legal formPublic limited company
Founded27-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
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 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.