Cardé
Open bankruptcyA bankruptcy procedure is open for Cardé according to publications in the Belgian State Gazette; curator: GEOFFREY SAIVE.
Summary
The 2023 annual accounts show negative equity (-€10,446) and a net result of -€22,053.
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 Liège, Neufchâteau division
- Declared bankrupt
- 22 November 2024
- Supervising judge
- Jean-Marc Lomry
- Official Gazette
- 02-12-2024 (pdf) ↗search the document for 2024/146672
Deadlines
- Appeal or third-party opposition until
- passed on 17 December 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 22 December 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 17 January 2025Goods 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 November 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Geoffrey SaiveAvenue De La Salm 17, 6690 Vielsalmg.saive@avocat.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 31-12-2023 was due by 31-07-2024 and was filed on 19-07-2024, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
12 d early
2022
4 d early
2021
31 d late
2020
30 d late
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 14 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Retail sale of clothing and accessories for women, men, children and babies (general range) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€22,053▼ 38.9%
2022 · -€15,880
Working capital
-€13,759
2022 · €5,956
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20192020202120222023
Operating result€199€27,336▲ 13,646%€9,771▼ 64.3%-€13,717-€19,631▼ 43.1%
Net result-€919▲ 83.9%€26,297within the sector's middle half€7,892within the sector's middle half▼ 70.0%-€15,880below the sector's middle half-€22,053below the sector's middle half▼ 38.9%
Equity-€6,702▼ 15.9%€19,594below the sector's middle half€27,487below the sector's middle half▲ 40.3%€11,607below the sector's middle half▼ 57.8%-€10,446below the sector's middle half
Total assets€32,062▲ 11.2%€49,960below the sector's middle half▲ 55.8%€51,444below the sector's middle half▲ 3.0%€47,777below the sector's middle half▼ 7.1%€34,662below the sector's middle half▼ 27.5%
Debt€38,764▲ 12.0%€30,366▼ 21.7%€23,957▼ 21.1%€36,170▲ 51.0%€45,107▲ 24.7%
Working capital-€12,749▲ 1.4%€13,037within the sector's middle half€19,406within the sector's middle half▲ 48.9%€5,956within the sector's middle half▼ 69.3%-€13,759below the sector's middle half
Solvency-20.9%▼ 0.8pp39.2%within the sector's middle half▲ 60.1pp53.4%within the sector's middle half▲ 14.2pp24.3%within the sector's middle half▼ 29.1pp-30.1%below the sector's middle half▼ 54.4pp
Current ratio0.60▼ 0.021.47within the sector's middle half▲ 0.871.81within the sector's middle half▲ 0.341.16within the sector's middle half▼ 0.650.69below the sector's middle half▼ 0.47
Return on assets (ROA)-2.9%▲ 17.0pp52.6%above the sector's middle half▲ 55.5pp15.3%above the sector's middle half▼ 37.3pp-33.2%below the sector's middle half▼ 48.6pp-63.6%below the sector's middle half▼ 30.4pp
Staff (FTE)1.1=1below the sector's middle half▼ 9.1%0.9below the sector's middle half▼ 10.0%1below the sector's middle half▲ 11.1%1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19,631 in 2023 against €13,717 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €34,662
Fixed assets
€3,313 ▼ 41.4%
Current assets
€31,349 ▼ 25.6%
Key figures and ratios
EBITDA
-€17,293▼
2022 · -€10,999
Cash flow
-€19,715▼
2022 · -€13,162
Quick ratio
0.21▲
2022 · 0.20
Debt to equity
-4.32▼
2022 · 3.12
Interest coverage
-7.24▼
2022 · -5.09
Debt ≤ 1 year
€45,107▲
2022 · €36,170
Income taxes
€170▲
2022 · €148
Staff costs
€34,990▼
2022 · €36,091
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €34,294 | €750 | - | - |
| Remuneration, social security and pensions62 | - | - | €31,732 | €36,091 | €34,990 | ▼ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,241 | €3,241 | €1,759 | €2,718 | €2,338 | ▼ 14.0% |
| Other operating charges640/8 | - | - | €1,025 | €209 | €168 | ▼ 19.5% |
| Non-recurring operating charges66A | - | - | €25,249 | - | - | - |
| Gross operating margin9900 | €38,510 | €56,973 | €69,535 | €25,300 | €17,865 | ▼ 29.4% |
| Operating profit (loss)9901 | €199 | €27,336 | €9,771 | -€13,717 | -€19,631 | ▼ 43.1% |
| Financial income75/76B | - | - | €919 | €145 | €136 | ▼ 6.0% |
| Recurring financial income75 | €755 | €321 | €919 | €145 | €136 | ▼ 6.0% |
| Financial charges65/66B | - | - | €2,671 | €2,159 | €2,388 | ▲ 10.6% |
| Recurring financial charges65 | €1,703 | €1,244 | €2,671 | €2,159 | €2,388 | ▲ 10.6% |
| Profit (loss) for the period before taxes9903 | -€750 | €26,413 | €8,019 | -€15,731 | -€21,883 | ▼ 39.1% |
| Income taxes67/77 | €169 | €116 | €127 | €148 | €170 | ▲ 14.9% |
| Profit (loss) for the period9904 | -€919 | €26,297 | €7,892 | -€15,880 | -€22,053 | ▼ 38.9% |
| Profit (loss) for the period to be appropriated9905 | -€919 | €26,297 | €7,892 | -€15,880 | -€22,053 | ▼ 38.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32,062 | €49,960 | €51,444 | €47,777 | €34,662 | ▼ 27.5% |
| Fixed assets21/28 | €12,586 | €9,345 | €8,081 | €5,651 | €3,313 | ▼ 41.4% |
| Tangible fixed assets22/27 | €12,506 | €9,265 | €8,001 | €5,571 | €3,233 | ▼ 42.0% |
| Plant, machinery and equipment23 | - | - | - | €270 | €174 | ▼ 35.6% |
| Other tangible fixed assets26 | - | - | €8,001 | €5,301 | €3,059 | ▼ 42.3% |
| Financial fixed assets28 | €80 | €80 | €80 | €80 | €80 | = |
| Current assets29/58 | €19,476 | €40,615 | €43,363 | €42,126 | €31,349 | ▼ 25.6% |
| Stocks and contracts in progress3 | €9,277 | €20,175 | €23,302 | €34,900 | €22,041 | ▼ 36.8% |
| Stocks30/36 | - | - | €23,302 | €34,900 | €22,041 | ▼ 36.8% |
| Amounts receivable within one year40/41 | €8,064 | €27 | €666 | €27 | €174 | ▲ 545% |
| Trade receivables40 | - | - | €666 | €27 | €174 | ▲ 545% |
| Cash at bank and in hand54/58 | €735 | €19,103 | €19,354 | €2,227 | €2,535 | ▲ 13.8% |
| Deferred charges and accrued income490/1 | - | - | €41 | €4,972 | €6,599 | ▲ 32.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32,062 | €49,960 | €51,444 | €47,777 | €34,662 | ▼ 27.5% |
| Equity10/15 | -€6,702 | €19,594 | €27,487 | €11,607 | -€10,446 | ▼ 190% |
| Contributions10/11 | €74,960 | - | €74,960 | €74,960 | €74,960 | = |
| Reserves13 | €9,296 | €9,296 | €9,296 | €9,296 | €9,296 | = |
| Non-distributable reserves130/1 | - | - | €9,296 | €9,296 | €9,296 | = |
| Reserves not available under the articles1311 | - | - | €9,296 | €9,296 | €9,296 | = |
| Profit (loss) carried forward14 | -€90,958 | -€64,662 | -€56,769 | -€72,649 | -€94,702 | ▼ 30.4% |
| Amounts payable17/49 | €38,764 | €30,366 | €23,957 | €36,170 | €45,107 | ▲ 24.7% |
| Amounts payable after more than one year17 | €6,540 | €2,788 | - | - | - | - |
| Amounts payable within one year42/48 | €32,224 | €27,578 | €23,957 | €36,170 | €45,107 | ▲ 24.7% |
| Current portion of amounts payable after more than one year42 | - | - | €2,788 | - | - | - |
| Financial debts43 | - | - | - | €10,307 | €12,683 | ▲ 23.1% |
| Credit institutions430/8 | - | - | - | €10,307 | €12,683 | ▲ 23.1% |
| Trade debts44 | €12,222 | €14,150 | €9,579 | €11,459 | €17,738 | ▲ 54.8% |
| Suppliers440/4 | - | - | €9,579 | €11,459 | €17,738 | ▲ 54.8% |
| Taxes, remuneration and social security45 | - | - | €11,591 | €14,088 | €14,491 | ▲ 2.9% |
| Taxes450/3 | - | - | €7,329 | €9,756 | €8,959 | ▼ 8.2% |
| Remuneration and social security454/9 | - | - | €4,262 | €4,332 | €5,532 | ▲ 27.7% |
| Other amounts payable47/48 | - | - | - | €316 | €195 | ▼ 38.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€919 | €26,297 | €7,892 | -€15,880 | -€22,053 | ▼ 38.9% |
| + Depreciation and write-downs630 | €3,241 | €3,241 | €1,759 | €2,718 | €2,338 | ▼ 14.0% |
| Operating cash flow (approximation) | €2,322 | €29,538 | €9,651 | -€13,162 | -€19,715 | ▼ 49.8% |
| Investment in fixed assets (approximation) | - | €0 | -€494 | -€288 | €0 | ▲ 100% |
| Change in cash | - | €18,367 | €251 | -€17,127 | €308 | ▲ 102% |
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
02-12
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Neufchâteau · event 22-11-2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€22,053
Net result drops to -€22,053, the lowest in the series.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €26,297
Net result €26,297 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.47
Current ratio from 0.60 to 1.47; short-term debt falls from €32,224 to €27,578.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
25-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
04-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Durbuy · 1 establishment unit since 1986
Ground area
128 m²
Building footprint
33 m²
Parcel 83004B2159/00H000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KIK pour Elle
since 19862.038.814.690
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83004B2159/00H000 | Wallonia | 128 m² | 1 · 33 m² | - |
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 | GEOFFREY SAIVE AVENUE DE LA SALM 17,
6690 VIELSALM |
22-11-2024 → present |
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,440. 1,312 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded19-12-1985
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
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.