Cedalion
Open bankruptcyA bankruptcy procedure is open for Cedalion according to publications in the Belgian State Gazette; curator: JOHAN COLPAERT.
Summary
The 2021 annual accounts show negative equity (-€8,817) and a net result of -€14,376.
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, Dendermonde division
- Declared bankrupt
- 22 January 2024
- Supervising judge
- Herman Windey
- Official Gazette
- 01-02-2024 (pdf) ↗search the document for 2024/103812
Curator
- Johan ColpaertHulstbaan 233A, 9112 Sinaai- Waasinfo@johancolpaert.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
88 d late
2019
on the day
← 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 40 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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?Address check Are there other customers at risk in your own list?Debtor check How is the Activities of independent sportspeople sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
-€8,817
2020 · €5,560
Total assets
€122,198▼ 1.0%
2020 · €123,491
Net result
-€14,376▲ 20.2%
2020 · -€18,012
Working capital
-€44,861▼ 72.0%
2020 · -€26,077
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€10,141--€16,829-€15,616▲ 7.2%-€8,983▲ 42.5%
Net result€5,075--€21,214-€18,012▲ 15.1%-€14,376▲ 20.2%
Equity€44,785-€23,572▼ 47.4%€5,560▼ 76.4%-€8,817
Total assets€162,792-€122,615▼ 24.7%€123,491▲ 0.7%€122,198▼ 1.0%
Debt€118,006-€99,043▼ 16.1%€117,931▲ 19.1%€131,015▲ 11.1%
Working capital-€25,577--€40,274▼ 57.5%-€26,077▲ 35.3%-€44,861▼ 72.0%
Staff (FTE)1.7-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,983 in 2021 against €15,616 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €122,198
Fixed assets
€53,294 ▼ 14.3%
Current assets
€68,904 ▲ 12.5%
Key figures and ratios
EBITDA
€8,377▲
2020 · €6,836
Cash flow
€2,984▼
2020 · €4,440
Solvency
-7.2%▼
2020 · 4.5%
Current ratio
0.61▼
2020 · 0.70
Quick ratio
0.43▲
2020 · 0.41
Debt to equity
-14.86▼
2020 · 5.50
ROA
-11.8%▲
2020 · -14.6%
Interest coverage
1.56
Debt ≤ 1 year
€113,765▲
2020 · €87,346
Debt > 1 year
€17,250▼
2020 · €30,586
Income taxes
€90
Staff costs
€32,898
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 |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €32,898 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,918 | €22,633 | €22,452 | €17,360 | ▼ 22.7% |
| Other operating charges640/8 | - | - | - | €4,434 | - |
| Gross operating margin9900 | €100,101 | €66,756 | €14,689 | €45,709 | ▲ 211% |
| Operating profit (loss)9901 | €10,141 | -€16,829 | -€15,616 | -€8,983 | ▲ 42.5% |
| Financial income75/76B | - | - | - | €58 | - |
| Recurring financial income75 | €151 | €230 | - | €58 | - |
| Non-recurring financial income76B | - | - | - | €58 | - |
| Financial charges65/66B | - | - | - | €5,361 | - |
| Recurring financial charges65 | €3,263 | €4,614 | - | €5,361 | - |
| Non-recurring financial charges66B | - | - | - | €5,361 | - |
| Profit (loss) for the period before taxes9903 | €7,029 | -€21,214 | -€18,012 | -€14,286 | ▲ 20.7% |
| Income taxes67/77 | €1,954 | - | - | €90 | - |
| Profit (loss) for the period9904 | €5,075 | -€21,214 | -€18,012 | -€14,376 | ▲ 20.2% |
| Profit (loss) for the period to be appropriated9905 | €5,075 | -€21,214 | -€18,012 | -€14,376 | ▲ 20.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €162,792 | €122,615 | €123,491 | €122,198 | ▼ 1.0% |
| Fixed assets21/28 | €97,992 | €84,229 | €62,222 | €53,294 | ▼ 14.3% |
| Intangible fixed assets21 | €56,667 | €48,667 | €40,679 | €32,679 | ▼ 19.7% |
| Tangible fixed assets22/27 | €40,325 | €30,812 | €16,792 | €15,864 | ▼ 5.5% |
| Plant, machinery and equipment23 | - | - | - | €9,248 | - |
| Furniture and vehicles24 | - | - | - | €6,616 | - |
| Financial fixed assets28 | €1,000 | €4,750 | €4,750 | €4,750 | = |
| Current assets29/58 | €64,800 | €38,387 | €61,269 | €68,904 | ▲ 12.5% |
| Stocks and contracts in progress3 | - | - | €25,259 | €19,567 | ▼ 22.5% |
| Stocks30/36 | - | - | - | €19,567 | - |
| Amounts receivable within one year40/41 | €37,877 | €37,793 | €28,125 | €41,581 | ▲ 47.8% |
| Trade receivables40 | - | - | - | €28,495 | - |
| Other amounts receivable41 | - | - | - | €13,087 | - |
| Current investments50/53 | - | - | €7,812 | - | - |
| Cash at bank and in hand54/58 | €26,923 | - | - | €5,819 | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,937 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €162,792 | €122,615 | €123,491 | €122,198 | ▼ 1.0% |
| Equity10/15 | €44,785 | €23,572 | €5,560 | -€8,817 | ▼ 259% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €36,725 | €15,512 | -€2,500 | -€16,877 | ▼ 575% |
| Amounts payable17/49 | €118,006 | €99,043 | €117,931 | €131,015 | ▲ 11.1% |
| Amounts payable after more than one year17 | €27,629 | €19,132 | €30,586 | €17,250 | ▼ 43.6% |
| Financial debts170/4 | - | - | - | €17,250 | - |
| Amounts payable within one year42/48 | €90,377 | €78,661 | €87,346 | €113,765 | ▲ 30.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,336 | - |
| Financial debts43 | - | - | - | €2,762 | - |
| Credit institutions430/8 | - | - | - | €2,762 | - |
| Trade debts44 | €2,924 | €26 | €42 | €17,285 | ▲ 40,638% |
| Suppliers440/4 | - | - | - | €17,285 | - |
| Taxes, remuneration and social security45 | - | - | - | €49,419 | - |
| Taxes450/3 | - | - | - | €41,295 | - |
| Remuneration and social security454/9 | - | - | - | €8,124 | - |
| Other amounts payable47/48 | - | - | - | €30,962 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,075 | -€21,214 | -€18,012 | -€14,376 | ▲ 20.2% |
| + Depreciation and write-downs630 | €23,918 | €22,633 | €22,452 | €17,360 | ▼ 22.7% |
| Operating cash flow (approximation) | €28,993 | €1,420 | €4,440 | €2,984 | ▼ 32.8% |
| Investment in fixed assets (approximation) | - | -€8,870 | -€445 | -€8,432 | ▼ 1,794% |
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
01-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 22-01-2024
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€21,214
Net result drops to -€21,214, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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Directors · office · real estate
Directors
3 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, Lokeren · 2 establishment units since 2016
Ground area
3,558 m²
Building footprint
360 m²
Volume, LiDAR
581 m³
2 parcels, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Cedalion
since 20162.250.476.907
De Molen
since 20232.343.441.905
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D1001/00G000 | Flanders | 2,369 m² | 1 · 217 m² | - |
| 46004A0375/00G000 | Flanders | 1,189 m² | 1 · 142 m² | 5.5 m · 1 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN COLPAERT HULSTBAAN 233A, 9112 SINAAI-
WAAS |
22-01-2024 → present |
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Of 725 companies in sector 93192 we hold annual accounts for 87. 44 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
93192Activities of independent sportspeople
93110Operation of sports facilities
Scores and ratios are computed by Checked and are not a credit decision.