BUSTO
Open bankruptcyA bankruptcy procedure is open for BUSTO according to publications in the Belgian State Gazette; curator: KELLY DECALUWE.
Summary
The 2021 annual accounts show equity of €9,885 and a net result of -€35.
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, Kortrijk division
- Declared bankrupt
- 22 October 2024
- Supervising judge
- Joost Muylle
- Official Gazette
- 31-10-2024 (pdf) ↗search the document for 2024/142008
Deadlines
- Provisional date payments stopped
- 22 October 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 15 November 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 21 November 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 10 December 2024Goods 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 22 October 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Kelly DecaluweDeken Camerlyncklaan 85, 8500 Kortrijkkelly.decaluwe@proximus.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.
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 ↗
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.Creditor guide for this company
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Signals
Three 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 31-12-2021 was due by 31-07-2022 and was filed on 20-06-2022, 41 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
41 d early
2020
65 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 26 days before 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 Is the registered address a letterbox address or a business centre?Addresses 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 2021, micro schema
Equity
€9,885▼ 0.3%
2020 · €9,919
Total assets
€13,836▼ 25.7%
2020 · €18,612
Net result
-€35
2020 · €7,360
Working capital
€7,166▲ 4.5%
2020 · €6,856
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
Line2018201920202021
Operating result€2,896--€6,119€6,078-€407
Net result€2,779--€5,541€7,360-€35
Equity€8,100-€2,559▼ 68.4%€9,919▲ 288%€9,885▼ 0.3%
Total assets€13,582-€14,393▲ 6.0%€18,612▲ 29.3%€13,836▼ 25.7%
Debt€5,482-€11,833▲ 116%€8,692▼ 26.5%€3,952▼ 54.5%
Working capital€2,851--€849€6,856€7,166▲ 4.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €407 after €6,078 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €13,836
Fixed assets
€2,719 ▼ 11.2%
Current assets
€11,118 ▼ 28.5%
Equity and liabilities €13,836
Equity
€9,885 ▼ 0.3%
Debt
€3,952 ▼ 54.5%
Debt's share of the balance-sheet total falls from 46.7% to 28.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€63▼
2020 · €6,422
Cash flow
€310▼
2020 · €7,704
Current ratio
2.81▲
2020 · 1.79
Quick ratio
2.45▲
2020 · 1.79
Debt to equity
0.40
ROE
-0.4%▼
2020 · 74.2%
ROA
-0.3%▼
2020 · 39.5%
Interest coverage
-0.53
Debt ≤ 1 year
€3,952▼
2020 · €8,692
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,589 | €1,841 | €345 | €345 | = |
| Other operating charges640/8 | - | - | - | €559 | - |
| Gross operating margin9900 | €6,337 | -€3,691 | €7,579 | €496 | ▼ 93.5% |
| Operating profit (loss)9901 | €2,896 | -€6,119 | €6,078 | -€407 | ▼ 107% |
| Financial income75/76B | - | - | - | €491 | - |
| Recurring financial income75 | €2 | €739 | €1,338 | €491 | ▼ 63.3% |
| Financial charges65/66B | - | - | - | €118 | - |
| Recurring financial charges65 | €119 | €160 | €56 | €118 | ▲ 112% |
| Profit (loss) for the period before taxes9903 | €2,779 | -€5,541 | €7,360 | -€35 | ▼ 100% |
| Profit (loss) for the period9904 | €2,779 | -€5,541 | €7,360 | -€35 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €2,779 | -€5,541 | €7,360 | -€35 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €13,582 | €14,393 | €18,612 | €13,836 | ▼ 25.7% |
| Fixed assets21/28 | €5,249 | €3,408 | €3,063 | €2,719 | ▼ 11.2% |
| Tangible fixed assets22/27 | €3,449 | €1,608 | €1,263 | €919 | ▼ 27.3% |
| Furniture and vehicles24 | - | - | - | €919 | - |
| Financial fixed assets28 | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Current assets29/58 | €8,333 | €10,985 | €15,548 | €11,118 | ▼ 28.5% |
| Stocks and contracts in progress3 | €2,258 | €2,351 | - | €1,426 | - |
| Stocks30/36 | - | - | - | €1,426 | - |
| Amounts receivable within one year40/41 | €3,949 | €8,471 | €14,808 | €8,314 | ▼ 43.9% |
| Other amounts receivable41 | - | - | - | €8,314 | - |
| Cash at bank and in hand54/58 | €2,126 | €163 | €675 | €1,316 | ▲ 95.0% |
| Deferred charges and accrued income490/1 | - | - | - | €62 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €13,582 | €14,393 | €18,612 | €13,836 | ▼ 25.7% |
| Equity10/15 | €8,100 | €2,559 | €9,919 | €9,885 | ▼ 0.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €139 | €139 | €139 | €139 | = |
| Non-distributable reserves130/1 | - | - | - | €139 | - |
| Reserves not available under the articles1311 | - | - | - | €139 | - |
| Profit (loss) carried forward14 | -€10,639 | -€16,180 | -€8,820 | -€8,854 | ▼ 0.4% |
| Amounts payable17/49 | €5,482 | €11,833 | €8,692 | €3,952 | ▼ 54.5% |
| Amounts payable within one year42/48 | €5,482 | €11,833 | €8,692 | €3,952 | ▼ 54.5% |
| Trade debts44 | €1,009 | €8,726 | €7,732 | €2,643 | ▼ 65.8% |
| Suppliers440/4 | - | - | - | €2,643 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,308 | - |
| Taxes450/3 | - | - | - | €1,308 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,779 | -€5,541 | €7,360 | -€35 | ▼ 100% |
| + Depreciation and write-downs630 | €2,589 | €1,841 | €345 | €345 | = |
| Operating cash flow (approximation) | €5,367 | -€3,700 | €7,704 | €310 | ▼ 96.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€1,964 | €512 | €641 | ▲ 25.1% |
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
2024
31-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 22-10-2024
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €7,360
Net result €7,360 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet -€5,541
Net result drops to -€5,541, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 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.
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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, Menen · 1 establishment unit since 2014
Ground area
139 m²
Building footprint
90 m²
Volume, LiDAR
630 m³
Parcel 34024C0222/00P003, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BUSTO
since 20142.237.802.074
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024C0222/00P003 | Flanders | 139 m² | 1 · 90 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 | KELLY DECALUWE DEKEN CAMERLYNCKLAAN 85,
8500 KORTRIJK |
22-10-2024 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-10-2014
Fiscal year end31-12
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.