BUGESFI
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
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.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 3 February 2020
- Supervising judge
- Eric De Volder
- Official Gazette
- 07-02-2020 (pdf) ↗search the document for 2020/105574
Deadlines
- Appeal or third-party opposition until
- passed on 22 February 2020Fifteen 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 4 March 2020art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 16 March 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 3 February 2021A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Christophe BaudouxRue Charlier 1, 1380 Lasnecb@dsv-law.be
What to do now
- 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.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file 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 trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Certified accountants and tax accountants
NACE 69201
Size
€251,469turnover 2017
- Equity
- -€24,073
- Profit
- €52,252
Financial health
Open bankruptcy: no score
Structure
2 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcy2017 accounts filed 22 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · 2017 accounts filed 22 days late
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 22-08-2018, 22 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2018
not filed
2017
22 days late
2016
30 days late
2015
61 days late
2014
66 days late
2013
138 days late
2012
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 58 days after the deadline; the sector median (NACE 69) for financial year 2018 is 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (1)
- OpeningEnterprise Court of Walloon Brabant…
- Annual accounts filedfinancial year 2017 · full…
- Highest result from 2013 to 2017net €52,252 ▲234%
Financials · financial year 2017, full format
2017 annual accounts filed late (22 days) Filed on 22 August 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-50800146.
Turnover
€251,469▲ 19.8%
2016 · €209,994
EBIT margin
25.2%▲ 10.8pp
2016 · 14.4%
Net result
€52,252▲ 234%
2016 · €15,659
Working capital
-€57,667▲ 35.7%
2016 · -€89,692
Trend over the years
2013 to 2017, 5 financial years 2013 to 2017, 5 financial years
After the dip in 2015 the operating result has climbed two years in a row; 2017 is 109% above 2016 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€251,469
2017
Operating result€63,445
2017
Net result€52,252
2017
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€198,005
2017
Equity-€24,073
2017
Debt€222,078
2017
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€57,667
2017
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin25.2%
2017
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Turnover€167,501-€173,139▲ 3.4%€193,780▲ 11.9%€209,994▲ 8.4%€251,469▲ 19.8%
Operating result€10,926-€15,560▲ 42.4%-€35,393€30,331€63,445▲ 109%
Net result-€5,720--€3,222▲ 43.7%-€28,598▼ 788%€15,659€52,252▲ 234%
EBIT margin6.5%-9.0%▲ 2.5pp-18.3%▼ 27.3pp14.4%▲ 32.7pp25.2%▲ 10.8pp
Equity-€42,381--€45,602▼ 7.6%-€74,200▼ 62.7%-€58,541▲ 21.1%-€24,073▲ 58.9%
Total assets€463,210-€516,106▲ 11.4%€262,839▼ 49.1%€217,964▼ 17.1%€198,005▼ 9.2%
Debt€505,591-€561,708▲ 11.1%€337,040▼ 40.0%€276,505▼ 18.0%€222,078▼ 19.7%
Working capital-€33,068--€3,719▲ 88.8%-€111,563▼ 2,899%-€89,692▲ 19.6%-€57,667▲ 35.7%
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €198,005
Fixed assets
€160,134 ▼ 10.5%
Current assets
€37,871 ▼ 3.0%
Equity and liabilities
Equity-€24,073
Debt€222,078
Equity is negative: debt (€222,078) exceeds the balance-sheet total (€198,005).
Key figures and ratios
EBITDA
€94,419▲
2016 · €61,526
Cash flow
€83,225▲
2016 · €46,854
Solvency
-12.2%▲
2016 · -26.9%
Current ratio
0.40▲
2016 · 0.30
ROA
26.4%▲
2016 · 7.2%
Debt ≤ 1 year
€95,538▼
2016 · €128,750
Debt > 1 year
€126,540▼
2016 · €146,106
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €167,501 | €173,139 | €193,780 | €209,994 | €251,469 | ▲ 19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,940 | €30,425 | €32,890 | €31,195 | €30,973 | ▼ 0.7% |
| Gross operating margin9900 | €48,429 | €49,420 | €34,552 | €64,160 | €98,363 | ▲ 53.3% |
| Operating profit (loss)9901 | €10,926 | €15,560 | -€35,393 | €30,331 | €63,445 | ▲ 109% |
| Recurring financial income75 | €0 | - | - | €81 | €0 | ▼ 100.0% |
| Recurring financial charges65 | €20,084 | €19,551 | €19,940 | €14,753 | €11,243 | ▼ 23.8% |
| Profit (loss) for the period before taxes9903 | -€5,524 | -€3,026 | -€17,771 | €15,659 | €52,252 | ▲ 234% |
| Income taxes67/77 | €196 | €195 | €10,827 | - | - | - |
| Profit (loss) for the period9904 | -€5,720 | -€3,222 | -€28,598 | €15,659 | €52,252 | ▲ 234% |
| Profit (loss) for the period to be appropriated9905 | -€5,720 | -€3,222 | -€28,598 | €15,659 | €52,252 | ▲ 234% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €463,210 | €516,106 | €262,839 | €217,964 | €198,005 | ▼ 9.2% |
| Fixed assets21/28 | €214,693 | €206,208 | €207,586 | €178,906 | €160,134 | ▼ 10.5% |
| Tangible fixed assets22/27 | €214,300 | €205,949 | €207,327 | €178,652 | €159,880 | ▼ 10.5% |
| Financial fixed assets28 | €393 | €259 | €259 | €254 | €254 | = |
| Current assets29/58 | €248,517 | €309,898 | €55,253 | €39,057 | €37,871 | ▼ 3.0% |
| Amounts receivable within one year40/41 | €245,863 | €294,619 | €34,626 | €20,714 | €20,816 | ▲ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €463,210 | €516,106 | €262,839 | €217,964 | €198,005 | ▼ 9.2% |
| Equity10/15 | -€42,381 | -€45,602 | -€74,200 | -€58,541 | -€24,073 | ▲ 58.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €99 | €99 | €99 | €99 | €99 | = |
| Profit (loss) carried forward14 | -€61,080 | -€64,302 | -€92,900 | -€77,241 | -€42,772 | ▲ 44.6% |
| Amounts payable17/49 | €505,591 | €561,708 | €337,040 | €276,505 | €222,078 | ▼ 19.7% |
| Amounts payable after more than one year17 | €224,006 | €248,091 | €170,224 | €146,106 | €126,540 | ▼ 13.4% |
| Amounts payable within one year42/48 | €281,585 | €313,617 | €166,816 | €128,750 | €95,538 | ▼ 25.8% |
| Trade debts44 | €225,335 | €267,348 | €68,257 | €63,626 | €69,777 | ▲ 9.7% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,720 | -€3,222 | -€28,598 | €15,659 | €52,252 | ▲ 234% |
| + Depreciation and write-downs630 | €27,940 | €30,425 | €32,890 | €31,195 | €30,973 | ▼ 0.7% |
| Operating cash flow (approximation) | €22,220 | €27,203 | €4,292 | €46,854 | €83,225 | ▲ 77.6% |
| Investment in fixed assets (approximation) | - | -€21,940 | -€34,268 | -€2,515 | -€12,201 | ▼ 385% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2017 | full format | 22-08-2018 | 2018-50800146 |
| 31-12-2016 | full format | 30-08-2017 | 2017-60100083 |
| 31-12-2015 | full format | 30-09-2016 | 2016-64200257 |
| 31-12-2014 | full format | 05-10-2015 | 2015-63900230 |
| 31-12-2013 | full format | 16-12-2014 | 2014-69300510 |
| 31-12-2012 | full format | 31-08-2013 | 2013-57400244 |
| 31-12-2011 | full format | 19-02-2013 | 2013-03900074 |
| 31-12-2009 | full format | 30-08-2010 | 2010-49900228 |
| 31-12-2008 | full format | 23-11-2009 | 2009-85600214 |
| 31-12-2007 | full format | 30-09-2008 | 2008-77100134 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 12,107 active companies whose main activity is certified accountants and tax accountants (NACE 69201), figures are known for 7,755. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Christophe Baudoux Rue Charlier 1, 1380 Lasne |
03-02-2020 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2020
07-02
Bankruptcy
Opening
Enterprise Court of Walloon Brabant · judgment of 03-02-2020
2018
22-08
NBB filing
Annual accounts filed
financial year 2017 · full format · 22 days late
2017
31-12
Financial
Highest result from 2013 to 2017net €52,252 ▲234%
Operating result €63,445, net result €52,252, both a record.
30-08
NBB filing
Annual accounts filed
financial year 2016 · full format · 30 days late
2016
31-12
Financial
Back to profitnet €15,659
Net result €15,659 after 3 loss-making years.
30-09
NBB filing
Annual accounts filed
financial year 2015 · full format · 61 days late
2015
31-12
Financial
Weakest financial yearnet -€28,598
Net result drops to -€28,598, the lowest in the series.
05-10
NBB filing
Annual accounts filed
financial year 2014 · full format · 66 days late
2014
16-12
NBB filing
Annual accounts filed
financial year 2013 · full format · 138 days late
2013
31-08
NBB filing
Annual accounts filed
financial year 2012 · full format · 31 days late
19-02
NBB filing
Annual accounts filed
financial year 2011 · full format · 203 days late
2010
30-08
NBB filing
Annual accounts filed
financial year 2009 · full format · 30 days late
2009
23-11
NBB filing
Annual accounts filed
financial year 2008 · full format · 115 days late
2008
30-09
NBB filing
Annual accounts filed
financial year 2007 · full format · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 20 annual accounts filed, the latest 10 are here; all 20 are under Financials.
0 of 2 deeds read
About the unread acts
We know of 2 Belgian Official 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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Opening faillissement
BUGESFI is in the KBO register with the legal situation: opening faillissement.
- Legal situation
- Opening faillissement
- Last annual accounts
- financial year to 31 December 2017
- Legal form
- Private limited company (pre-2019)
- Active since
- 6 May 1996
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded06-05-1996
Financial year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Nivelles
Ground area
2,375 m²
Building footprint
1,069 m²
Building volume
11,873 m³
Parcel 25782C0310/00S000, Wallonia · tallest building 17.1 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25782C0310/00S000 | Wallonia | 2,374 m² | 1 · 1,069 m² | 17.1 m · 4 |
How the parcels are linked
Good to know
The parcel matches the address exactly.