CHRISTADMIN
Open bankruptcyA bankruptcy procedure is open for CHRISTADMIN according to publications in the Belgian Official Gazette. The trustee is Xavier Ibarrondo Lasa.
Summary
The file additionally contains 3 judicial reorganisation notices and 3 administrative flags. The 2023 annual accounts show negative equity (-€286,046) and a net result of -€81,405.
Overview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 17 April 2025 · trustee Xavier Ibarrondo Lasa · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Walloon Brabant
- Supervising judge
- Milad Emdadi
- Official Gazette
- 24-04-2025search the document for 2025/117449
Deadlines
- Appeal or third-party opposition until
- passed on 9 May 2025That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 17 May 2025art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 5 June 2025Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 17 April 2026A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Xavier Ibarrondo LasaOff.Park Green Alley,Rue Du Panier Vert 70, 1400 Nivellesxavier.ibarrondo@novalis.law
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol. The trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 17-01-2018
- Activity
- Full-service restaurants NACE 56111and 1 other
- Establishment unit
- 2.272.576.376 1400 Nivelles, since 01-04-2018
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2023
- Turnover
- €874,383
- ▲ 11.6%
- Loss
- €81,405
- ▼ 30.3%
- Equity
- -€286,046
- ▼ 39.8%
- Total assets
- €171,840
- ▼ 24.2%
- Employees on 31-12-2023
- 13
- ▲ 44.4%
Financials
Financials · financial year 2023, micro format
2023 annual accounts filed 16 days after the deadline Filed on 16 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00353705.
Annual accounts 2023 filed on 16-08-2024 PDF all 6 filings
Turnover
€874,383▲ 11.6%
2022 · €783,672
EBIT margin
-8.1%▲ 3.9pp
2022 · -12.0%
Net result
-€81,405▲ 30.3%
2022 · -€116,720
Working capital
-€358,325▼ 22.1%
2022 · -€293,442
Multi-year overview
2018 to 2023, 6 financial yearsTurnover
€874,383
▲ 11.6%
2023
20182023
Operating result
-€70,752
▲ 24.9%
2023
20182023
Net result
-€81,405
▲ 30.3%
2023
lowest quarter of the sector
20182023
EBIT margin
-8.1%
▲ 3.9pp
2023
20182023
Equity
-€286,046
▼ 39.8%
2023
lowest quarter of the sector
20182023
Total assets
€171,840
▼ 24.2%
2023
middle half of the sector
20182023
Debt
€457,885
▲ 6.1%
2023
20182023
Working capital
-€358,325
▼ 22.1%
2023
lowest quarter of the sector
20182023
Solvency
-166.5%
▼ 76.2pp
2023
lowest quarter of the sector
20182023
Current ratio
0.22
▼ 0.09
2023
lowest quarter of the sector
20182023
Return on assets (ROA)
-47.4%
▲ 4.1pp
2023
lowest quarter of the sector
20182023
Staff (FTE)
9.6
▲ 23.1%
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€514,751-€738,994▲ 43.6%€404,107▼ 45.3%€481,896▲ 19.2%€783,672▲ 62.6%€874,383▲ 11.6%
Operating result-€10,764--€22,523▼ 109%-€42,272▼ 87.7%-€17,789▲ 57.9%-€94,227▼ 430%-€70,752▲ 24.9%
Net result-€11,345--€26,559▼ 134%-€45,971below the sector's middle half▼ 73.1%-€22,646below the sector's middle half▲ 50.7%-€116,720below the sector's middle half▼ 415%-€81,405below the sector's middle half▲ 30.3%
EBIT margin-2.1%--3.0%▼ 1.0pp-10.5%▼ 7.4pp-3.7%▲ 6.8pp-12.0%▼ 8.3pp-8.1%▲ 3.9pp
Equity€7,255--€19,304-€65,275below the sector's middle half▼ 238%-€87,921below the sector's middle half▼ 34.7%-€204,641below the sector's middle half▼ 133%-€286,046below the sector's middle half▼ 39.8%
Total assets€164,878-€225,450▲ 36.7%€168,317within the sector's middle half▼ 25.3%€178,732within the sector's middle half▲ 6.2%€226,842within the sector's middle half▲ 26.9%€171,840within the sector's middle half▼ 24.2%
Debt€157,623-€244,753▲ 55.3%€233,592▼ 4.6%€266,653▲ 14.2%€431,483▲ 61.8%€457,885▲ 6.1%
Working capital-€88,859--€130,928▼ 47.3%-€165,886below the sector's middle half▼ 26.7%-€181,565below the sector's middle half▼ 9.5%-€293,442below the sector's middle half▼ 61.6%-€358,325below the sector's middle half▼ 22.1%
Solvency4.4%--8.6%▼ 13.0pp-38.8%below the sector's middle half▼ 30.2pp-49.2%below the sector's middle half▼ 10.4pp-90.2%below the sector's middle half▼ 41.0pp-166.5%below the sector's middle half▼ 76.2pp
Current ratio0.35-0.32▼ 0.030.16below the sector's middle half▼ 0.160.26below the sector's middle half▲ 0.100.31below the sector's middle half▲ 0.050.22below the sector's middle half▼ 0.09
Return on assets (ROA)-6.9%--11.8%▼ 4.9pp-27.3%below the sector's middle half▼ 15.5pp-12.7%below the sector's middle half▲ 14.6pp-51.5%below the sector's middle half▼ 38.8pp-47.4%below the sector's middle half▲ 4.1pp
Staff (FTE)4.6-5.3▲ 15.2%4.7above the sector's middle half▼ 11.3%7.6▲ 61.7%7.8▲ 2.6%9.6▲ 23.1%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is a loss of €70,752, smaller than the loss of €94,227 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €171,840
Fixed assets
€73,275 ▼ 22.6%
Current assets
€98,565 ▼ 25.4%
Equity and liabilities
Equity-€286,046
Debt€457,885
Equity is negative. Debt (€457,885) exceeds the balance-sheet total (€171,840).
Key figures and ratios
EBITDA
-€39,735▲
2022 · -€60,911
Cash flow
-€50,387▲
2022 · -€83,403
Quick ratio
0.19▼
2022 · 0.27
Interest coverage
-3.52▼
2022 · -2.71
Debt ≤ 1 year
€456,890▲
2022 · €425,649
Customer credit
6 days▼
2022 · 35 days
Supplier credit
78 days▼
2022 · 93 days
Staff costs
€270,321▲
2022 · €162,895
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 10 | 9 | 13 |
| full-time | 1 | 1 | 1 |
| part-time | 9 | 8 | 12 |
| in full-time equivalents | 5.1 | 5 | 8.5 |
| Average over the year, in full-time equivalents | 4.9 | 4.9 | 6.5 |
| On a permanent contract | 6 | 8 | 5 |
| Joined | 158 | 58 | 60 |
| Left | 157 | 58 | 56 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Overdue debts
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Overdue tax debts | - | - | €131,532 |
| Overdue social security (RSZ) debts | - | €99,842 | €77,518 |
Source: notes to the 2021 to 2023 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €9,115 | €13,474 | €9,658 |
| Depreciation and write-downs of the year | €31,082 | €33,317 | €31,018 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €514,751 | €738,994 | €404,107 | €481,896 | €783,672 | €874,383 | ▲ 11.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €410,768 | €688,277 | €635,473 | ▼ 7.7% |
| Remuneration, social security and pensions62 | - | - | - | €110,153 | €162,895 | €270,321 | ▲ 65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,057 | €32,273 | €33,233 | €31,082 | €33,317 | €31,018 | ▼ 6.9% |
| Other operating charges640/8 | - | - | - | €446 | €3,961 | €23,696 | ▲ 498% |
| Non-recurring operating charges66A | - | - | - | €7,455 | - | - | - |
| Gross operating margin9900 | €190,152 | €213,735 | €71,278 | €131,348 | €105,946 | €254,282 | ▲ 140% |
| Operating profit (loss)9901 | -€10,764 | -€22,523 | -€42,272 | -€17,789 | -€94,227 | -€70,752 | ▲ 24.9% |
| Financial income75/76B | - | - | - | - | - | €620 | - |
| Recurring financial income75 | - | - | - | - | - | €620 | - |
| Financial charges65/66B | - | - | - | €4,857 | €22,492 | €11,273 | ▼ 49.9% |
| Recurring financial charges65 | €581 | €4,459 | €3,699 | €4,857 | €22,492 | €11,273 | ▼ 49.9% |
| Profit (loss) for the period before taxes9903 | -€11,345 | -€26,559 | -€45,971 | -€22,646 | -€116,720 | -€81,405 | ▲ 30.3% |
| Profit (loss) for the period9904 | -€11,345 | -€26,559 | -€45,971 | -€22,646 | -€116,720 | -€81,405 | ▲ 30.3% |
| Profit (loss) for the period to be appropriated9905 | -€11,345 | -€26,559 | -€45,971 | -€22,646 | -€116,720 | -€81,405 | ▲ 30.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €164,878 | €225,450 | €168,317 | €178,732 | €226,842 | €171,840 | ▼ 24.2% |
| Formation expenses20 | €333 | - | - | - | - | - | - |
| Fixed assets21/28 | €115,781 | €162,458 | €136,445 | €114,478 | €94,635 | €73,275 | ▼ 22.6% |
| Tangible fixed assets22/27 | €115,781 | €160,584 | €134,571 | €112,604 | €92,761 | €71,401 | ▼ 23.0% |
| Plant, machinery and equipment23 | - | - | - | €112,031 | €91,614 | €70,841 | ▼ 22.7% |
| Furniture and vehicles24 | - | - | - | €573 | €1,147 | €560 | ▼ 51.2% |
| Financial fixed assets28 | - | €1,874 | €1,874 | €1,874 | €1,874 | €1,874 | = |
| Current assets29/58 | €48,764 | €62,992 | €31,872 | €64,254 | €132,207 | €98,565 | ▼ 25.4% |
| Stocks and contracts in progress3 | €8,920 | €13,360 | €13,121 | €13,290 | €16,100 | €9,984 | ▼ 38.0% |
| Stocks30/36 | - | - | - | €13,290 | €16,100 | €9,984 | ▼ 38.0% |
| Amounts receivable within one year40/41 | €27,662 | €44,699 | €18,079 | €35,062 | €76,360 | €57,632 | ▼ 24.5% |
| Trade receivables40 | - | - | - | €34,471 | €74,874 | €14,272 | ▼ 80.9% |
| Other amounts receivable41 | - | - | - | €591 | €1,485 | €43,360 | ▲ 29× |
| Cash at bank and in hand54/58 | €12,181 | €4,933 | €673 | €15,902 | €39,747 | €29,195 | ▼ 26.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,755 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €164,878 | €225,450 | €168,317 | €178,732 | €226,842 | €171,840 | ▼ 24.2% |
| Equity10/15 | €7,255 | -€19,304 | -€65,275 | -€87,921 | -€204,641 | -€286,046 | ▼ 39.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€11,345 | -€37,904 | -€83,875 | -€106,521 | -€223,241 | -€304,646 | ▼ 36.5% |
| Amounts payable17/49 | €157,623 | €244,753 | €233,592 | €266,653 | €431,483 | €457,885 | ▲ 6.1% |
| Amounts payable after more than one year17 | €20,000 | €50,833 | €35,833 | €20,833 | €5,833 | - | - |
| Financial debts170/4 | - | - | - | €20,833 | €5,833 | - | - |
| Amounts payable within one year42/48 | €137,623 | €193,920 | €197,759 | €245,820 | €425,649 | €456,890 | ▲ 7.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,223 | €18,295 | €10,391 | ▼ 43.2% |
| Trade debts44 | €59,361 | €101,675 | €100,932 | €108,716 | €175,135 | €136,166 | ▼ 22.3% |
| Suppliers440/4 | - | - | - | €108,716 | €175,135 | €136,166 | ▼ 22.3% |
| Advances received on contracts in progress46 | - | - | - | - | - | €2,878 | - |
| Taxes, remuneration and social security45 | - | - | - | €96,811 | €212,510 | €307,454 | ▲ 44.7% |
| Taxes450/3 | - | - | - | €9,678 | €81,877 | €157,282 | ▲ 92.1% |
| Remuneration and social security454/9 | - | - | - | €87,132 | €130,634 | €150,172 | ▲ 15.0% |
| Other amounts payable47/48 | - | - | - | €22,070 | €19,709 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €996 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,345 | -€26,559 | -€45,971 | -€22,646 | -€116,720 | -€81,405 | ▲ 30.3% |
| + Depreciation and write-downs630 | €18,057 | €32,273 | €33,233 | €31,082 | €33,317 | €31,018 | ▼ 6.9% |
| Operating cash flow (approximation) | €6,712 | €5,715 | -€12,739 | €8,436 | -€83,403 | -€50,387 | ▲ 39.6% |
| Investment in fixed assets (approximation) | - | -€78,950 | -€7,220 | -€9,115 | -€13,474 | -€9,658 | ▲ 28.3% |
| Change in cash | - | -€7,248 | -€4,260 | €15,229 | €23,846 | -€10,553 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 16-08-2024 | 2024-00353705 | |
| 31-12-2022 | micro format | 04-10-2023 | 2023-00473392 | |
| 31-12-2021 | micro format | 21-10-2022 | 2022-20472157 | |
| 31-12-2020 | micro format | 22-12-2021 | 2021-81800418 | |
| 31-12-2019 | micro format | 23-11-2020 | 2020-71400582 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68500211 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Xavier Ibarrondo Lasa Off.Park Green Alley,Rue Du Panier Vert 70, 1400 Nivelles |
17-04-2025 → present |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2025
24-04
Bankruptcy
Bankruptcy declared
Enterprise Court of Walloon Brabant · judgment of 17-04-2025
11-04
KBO administration
UBO non-compliance
event 31-03-2025
04-04
KBO administration
UBO non-compliance
event 22-03-2025
07-03
KBO administration
UBO non-compliance
event 22-02-2025
2024
06-11
Judicial reorganisation
Extension
Enterprise Court of Walloon Brabant · collective agreement · judgment of 24-10-2024
16-08
micro format · 16 days late
13-08
Judicial reorganisation
Extension
Enterprise Court of Walloon Brabant · collective agreement · judgment of 06-08-2024
29-04
Judicial reorganisation
Judicial reorganisation opened
Enterprise Court of Walloon Brabant · collective agreement · judgment of 22-04-2024
2023
04-10
micro format · 65 days late
2022
31-12
Financial
Weakest financial yearnet -€116,720
The net result drops to -€116,720, the lowest from 2018 to 2023.
21-10
micro format · 82 days late
2021
22-12
micro format · 144 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2023
- Legal form
- Private limited company (pre-2019)
- Active since
- 17 January 2018
Register details
Identity
Name
CHRISTADMIN in French
Enterprise number
0688.566.574
Entity type
Legal entity
Registered office and establishments
Registered office
Grand'Place 9, 1400 Nivelles, Belgium
Establishment unit
CHRISTENSEN TAVERNE, Grand'Place 9, 1400 Nivelles since 01-04-2018 · unit number 2.272.576.37656112 Limited-service restaurants, excluding mobile food services
Activities
NACEBEL 202556111
Full-service restaurants main activity
56301
Cafés and bars
Codes under NACEBEL 2008
56101
Full-service restaurants main activity
56301
Cafés and bars
Invoicing and payment
VAT number
BE 0688.566.574
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
140 m²
Building footprint
101 m²
Building volume
1,369 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25782D0726/00M000 | Wallonia | 140 m² | 1 · 101 m² | 16.3 m · 5 |