CHAMPION BELGIUM
InactiveCHAMPION BELGIUM was declared bankrupt on 17-10-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 04-11-2025, published in the Belgian State Gazette on 10-11-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 27-10-2021, 88 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
88 d late
2019
80 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€-44k▲ 22.8%
2019 · €-57k
2018: €-38k
2019: €-57k
2018 → 2020
Total assets
€179k▼ 16.3%
2019 · €213k
2018: €105k
2019: €213k
2018 → 2020
Net result
€13k
2019 · €-19k
2018: €-23k
2019: €-19k
2018 → 2020
Working capital
€-24k▲ 57.5%
2019 · €-57k
2018: €-38k
2019: €-57k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-38k-€-57k▼ 48.6%€-44k▲ 22.8%
Operating result€-22k-€-17k▲ 21.6%€14k
Net result€-23k-€-19k▲ 17.8%€13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €14k after a loss of €17k in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €179k
Fixed assets
€95=
Current assets
€179k▼ 16.3%
Key figures and ratios
Solvency
-24.6%▲
2019 · -26.7%
Current ratio
0.88▲
2019 · 0.79
Quick ratio
0.53▲
2019 · 0.51
Debt / equity
-0.02
ROA
7.3%▲
2019 · -8.7%
Debt
€223k▼
2019 · €270k
Debt ≤ 1 year
€203k▼
2019 · €270k
Debt > 1 year
€1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€213k€179k▼
Fixed assets21/28€95€95=
Financial fixed assets28€95€95=
Current assets29/58€213k€179k▼
Stocks and contracts in progress3€76k€72k▼
Amounts receivable within one year40/41€136k€106k▼
Cash at bank and in hand54/58€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€213k€179k▼
Equity10/15€-57k€-44k▲
Contributions10/11€29k-
Reserves13€992€992=
Profit (loss) carried forward14€-87k€-74k▲
Amounts payable17/49€270k€223k▼
Amounts payable after more than one year17-€1k
Amounts payable within one year42/48€270k€203k▼
Trade debts44€98k€37k▼
Income statement
Code20192020
Gross operating margin9900€-17k€17k▲
Operating profit (loss)9901€-17k€14k▲
Recurring financial charges65€2k€851▼
Profit (loss) for the period before taxes9903€-19k€13k▲
Profit (loss) for the period9904€-19k€13k▲
Profit (loss) for the period to be appropriated9905€-19k€13k▲
Timeline · acts, filings and financial milestones
2025
10-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · CHAMPION BELGIUM BVBA VAN WESENBEKESTRAAT 59/3, 2060 ANTWERPEN 6 · event 04-11-2025
2024
23-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · CHAMPION BELGIUM BVBA VAN WESENBEKESTRAAT 59/3, 2060 ANTWERPEN 6 · event 17-10-2024
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 80 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 99 days late
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 143 days late
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 53 days late
2015
27-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 60 days late
2013
18-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
15-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 76 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PHILIP RAUTER KAPUCINESSENSTRAAT 13,
2000 ANTWERPEN 1 |
17-10-2024 → present |