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CARARS

Open bankruptcy
Private limited company (pre-2019)founded 2016Rue de Nimy 8, 7000 Mons, BelgiumKBO/BCE: BE 0648.904.660

A bankruptcy procedure is open for CARARS according to publications in the Belgian State Gazette; curator: BERNARD POPYN.

Summary

The 2021 annual accounts show negative equity (-€32,890) and a net result of €7,446.

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 Hainaut, Mons division
Declared bankrupt
8 May 2023
Supervising judge
Patrick Fichefet
Official Gazette
16-05-2023 (pdf) ↗search the document for 2023/118993

Deadlines

Provisional date payments stopped
8 May 2023A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 31 May 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 7 June 2023art. XX.104 and XX.155 CEL
First verification report
passed on 7 July 2023Goods 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 8 May 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Bernard PopynRue De La Grande Triperie, 15, 7000 Mons- . Date provisoire de cessation de paiement : 08/05/2023b.popyn@avocat.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-08-2022, 30 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 · 6 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
31 d late
2019
61 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 41 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CARARS was incorporated on 23 February 2016.1 Total assets fell from EUR 56,140 in 2018 to EUR 43,477 in 2021 and headcount from 1.3 to 6.8 full-time equivalents.2 On 8 May 2023 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 16-05-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
-€32,890▲ 18.5%
2020 · -€40,336
Total assets
€43,477▼ 4.7%
2020 · €45,637
Net result
€7,446
2020 · -€6,766
Working capital
-€56,495▲ 2.6%
2020 · -€57,985
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2018201920202021
Operating result€1,002-€19,618▲ 1,858%-€2,236€12,289
Net result-€3,889-€14,311-€6,766within the sector's middle half€7,446within the sector's middle half
Equity-€47,882--€33,570▲ 29.9%-€40,336below the sector's middle half▼ 20.2%-€32,890below the sector's middle half▲ 18.5%
Total assets€56,140-€48,586▼ 13.5%€45,637within the sector's middle half▼ 6.1%€43,477below the sector's middle half▼ 4.7%
Debt€104,021-€82,156▼ 21.0%€85,973▲ 4.6%€76,367▼ 11.2%
Working capital-€72,823--€66,622▲ 8.5%-€57,985below the sector's middle half▲ 13.0%-€56,495below the sector's middle half▲ 2.6%
Solvency-85.3%--69.1%▲ 16.2pp-88.4%below the sector's middle half▼ 19.3pp-75.6%below the sector's middle half▲ 12.7pp
Current ratio0.10-0.10=0.11below the sector's middle half=0.17below the sector's middle half▲ 0.06
Return on assets (ROA)-6.9%-29.5%▲ 36.4pp-14.8%below the sector's middle half▼ 44.3pp17.1%within the sector's middle half▲ 32.0pp
Staff (FTE)1.3-1.4▲ 7.7%1.4within the sector's middle half=6.8▲ 386%
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2018: €1,002€1,002Net result 2018: -€3,889-€3,889Operating result 2019: €19,618€19,618Net result 2019: €14,311€14,311Operating result 2020: -€2,236-€2,236Net result 2020: -€6,766-€6,766Operating result 2021: €12,289€12,289Net result 2021: €7,446€7,4462018201920202021-€10,000€0€10,000€20,000Operating result 2019: €19,618€19,600Net result 2019: €14,311€14,300Operating result 2020: -€2,236-€2,240Net result 2020: -€6,766-€6,770Operating result 2021: €12,289€12,300Net result 2021: €7,446€7,450201920202021
The operating result returns to profit in 2021: €12,289 after a loss of €2,236 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €43,477
Fixed assets €31,739 ▼ 17.6%
Current assets €11,738 ▲ 64.4%
Key figures and ratios
2021 value · change against 2020
EBITDA
€19,832▲
2020 · €4,572
Cash flow
€14,989▲
2020 · €42
Quick ratio
0.14▲
2020 · 0.07
Debt to equity
-2.32▼
2020 · -0.34
Interest coverage
4.09
Debt ≤ 1 year
€68,233▲
2020 · €65,124
Debt > 1 year
€6,249▼
2020 · €13,748
Staff costs
€45,762
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 48 lines
Balance sheet Code20202021
Assets
Total assets20/58€45,637€43,477▼
Fixed assets21/28€38,498€31,739▼
Intangible fixed assets21€25,833€20,833▼
Tangible fixed assets22/27€12,302€10,543▼
Plant, machinery and equipment23-€1,213
Furniture and vehicles24-€2,933
Other tangible fixed assets26-€6,397
Financial fixed assets28€363€363=
Current assets29/58€7,139€11,738▲
Stocks and contracts in progress3€2,315€2,220▼
Stocks30/36-€2,220
Amounts receivable within one year40/41€805€1,587▲
Trade receivables40-€628
Other amounts receivable41-€959
Cash at bank and in hand54/58€938€3,253▲
Deferred charges and accrued income490/1-€4,678
Equity and liabilities
Total equity and liabilities10/49€45,637€43,477▼
Equity10/15-€40,336-€32,890▲
Contributions10/11-€6,200
Reserves13€716€716=
Non-distributable reserves130/1-€716
Reserves not available under the articles1311-€716
Profit (loss) carried forward14-€47,252-€39,806▲
Amounts payable17/49€85,973€76,367▼
Amounts payable after more than one year17€13,748€6,249▼
Financial debts170/4-€6,249
Amounts payable within one year42/48€65,124€68,233▲
Current portion of amounts payable after more than one year42-€7,499
Trade debts44€11,609€14,645▲
Suppliers440/4-€14,645
Taxes, remuneration and social security45-€19,096
Taxes450/3-€8,256
Remuneration and social security454/9-€10,840
Other amounts payable47/48-€26,993
Accrued charges and deferred income492/3-€1,885
Income statement Code20202021
Remuneration, social security and pensions62-€45,762
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,808€7,543▲
Other operating charges640/8-€1,208
Gross operating margin9900€41,585€66,802▲
Operating profit (loss)9901-€2,236€12,289▲
Recurring financial income75€3-
Financial charges65/66B-€4,843
Recurring financial charges65€4,533€4,843▲
Profit (loss) for the period before taxes9903-€6,766€7,446▲
Profit (loss) for the period9904-€6,766€7,446▲
Profit (loss) for the period to be appropriated9905-€6,766€7,446▲
Appropriation of the result
Profit (loss) to be appropriated9906--€39,806
Profit (loss) brought forward from the previous period14P--€47,252

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Remuneration, social security and pensions62---€45,762-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,502€7,127€6,808€7,543▲ 10.8%
Other operating charges640/8---€1,208-
Gross operating margin9900€55,320€76,594€41,585€66,802▲ 60.6%
Operating profit (loss)9901€1,002€19,618-€2,236€12,289▲ 650%
Recurring financial income75€1,921-€3--
Financial charges65/66B---€4,843-
Recurring financial charges65€6,813€5,307€4,533€4,843▲ 6.8%
Profit (loss) for the period before taxes9903-€3,889€14,311-€6,766€7,446▲ 210%
Profit (loss) for the period9904-€3,889€14,311-€6,766€7,446▲ 210%
Profit (loss) for the period to be appropriated9905-€3,889€14,311-€6,766€7,446▲ 210%
Line2018201920202021Change
Assets
Total assets20/58€56,140€48,586€45,637€43,477▼ 4.7%
Fixed assets21/28€47,926€40,799€38,498€31,739▼ 17.6%
Intangible fixed assets21€35,833€30,833€25,833€20,833▼ 19.4%
Tangible fixed assets22/27€11,730€9,603€12,302€10,543▼ 14.3%
Plant, machinery and equipment23---€1,213-
Furniture and vehicles24---€2,933-
Other tangible fixed assets26---€6,397-
Financial fixed assets28€363€363€363€363=
Current assets29/58€8,213€7,787€7,139€11,738▲ 64.4%
Stocks and contracts in progress3€1,968€2,267€2,315€2,220▼ 4.1%
Stocks30/36---€2,220-
Amounts receivable within one year40/41€95€1,031€805€1,587▲ 97.1%
Trade receivables40---€628-
Other amounts receivable41---€959-
Cash at bank and in hand54/58€4,644€2,657€938€3,253▲ 247%
Deferred charges and accrued income490/1---€4,678-
Equity and liabilities
Total equity and liabilities10/49€56,140€48,586€45,637€43,477▼ 4.7%
Equity10/15-€47,882-€33,570-€40,336-€32,890▲ 18.5%
Contributions10/11€6,200€6,200-€6,200-
Reserves13-€716€716€716=
Non-distributable reserves130/1---€716-
Reserves not available under the articles1311---€716-
Profit (loss) carried forward14-€54,082-€40,486-€47,252-€39,806▲ 15.8%
Amounts payable17/49€104,021€82,156€85,973€76,367▼ 11.2%
Amounts payable after more than one year17€21,383€6,289€13,748€6,249▼ 54.5%
Financial debts170/4---€6,249-
Amounts payable within one year42/48€81,036€74,409€65,124€68,233▲ 4.8%
Current portion of amounts payable after more than one year42---€7,499-
Trade debts44€11,387€15,210€11,609€14,645▲ 26.2%
Suppliers440/4---€14,645-
Taxes, remuneration and social security45---€19,096-
Taxes450/3---€8,256-
Remuneration and social security454/9---€10,840-
Other amounts payable47/48---€26,993-
Accrued charges and deferred income492/3---€1,885-
Line2018201920202021Change
Profit (loss) for the period9904-€3,889€14,311-€6,766€7,446▲ 210%
+ Depreciation and write-downs630€9,502€7,127€6,808€7,543▲ 10.8%
Operating cash flow (approximation)€5,613€21,439€42€14,989▲ 35,588%
Investment in fixed assets (approximation)-€0-€4,507-€784▲ 82.6%
Change in cash--€1,987-€1,719€2,315▲ 235%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2023
16-05
Bankruptcy Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 08-05-2023
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial Back to profitnet €7,446
Net result €7,446 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial Weakest financial yearnet -€6,766
Net result drops to -€6,766, the lowest in the series.
30-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial Back to profitnet €14,311
Net result €14,311 after one loss-making year.
28-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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 Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Mons · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
154 m²
Building footprint
55 m²
Volume, LiDAR
610 m³
Parcel 53403G0344/00A000, Wallonia · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
District 7
Rue de Nimy 8, 7000 MonsLimited-service restaurants
since 20122.205.609.061
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53403G0344/00A000
ProtectedMonument
Wallonia 154 m² 1 · 55 m² 13.2 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Insolvency mandates

1 mandate
Role Name Tenure
Curator BERNARD POPYN
RUE DE LA GRANDE TRIPERIE, 15, 7000 MONS- . Date provisoire de cessation de paiement : 08/05/2023
08-05-2023 → present

Similar companies · same sector and region

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 20,505 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded23-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Contact
E-mail district7mons@gmail.com
Phone 0473/39.69.19Mons
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.