COMPO-PANEL
Open bankruptcyA bankruptcy procedure is open for COMPO-PANEL according to publications in the Belgian State Gazette; curator: FRANCIS VOLCKAERT.
Summary
The 2024 annual accounts show negative equity (-€315,873) and a net result of -€1,481.
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, Ostend division
- Declared bankrupt
- 8 December 2025
- Supervising judge
- Dirk De Bruycker
- Official Gazette
- 12-12-2025 (pdf) ↗search the document for 2025/151901
Deadlines
- Provisional date payments stopped
- 8 December 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 27 December 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 7 January 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 6 February 2026Goods 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
- 8 December 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Francis VolckaertKapellestraat 136 Blok E, 8020 Oostkampfrancis.volckaert@dlpa.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
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€315,873
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 25-04-2025, 5 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
5 d early
2023
11 d early
2022
3 d early
2021
10 d late
2020
21 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 5 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€315,873▼ 0.5%
2023 · -€314,392
Total assets
€68,537▼ 0.1%
2023 · €68,575
Net result
-€1,481▲ 53.6%
2023 · -€3,189
Working capital
€29,018▼ 2.1%
2023 · €29,640
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
Line20202021202220232024
Operating result-€4,259▲ 92.5%-€119,007▼ 2,694%-€63▲ 99.9%-€919▼ 1,364%-€1,359▼ 47.8%
Net result-€10,343▲ 82.8%-€121,001▼ 1,070%-€541▲ 99.6%-€3,189▼ 489%-€1,481▲ 53.6%
Equity-€189,660▼ 5.8%-€310,661▼ 63.8%-€311,202▼ 0.2%-€314,392▼ 1.0%-€315,873▼ 0.5%
Total assets€186,092▼ 0.6%€69,949▼ 62.4%€69,090▼ 1.2%€68,575▼ 0.7%€68,537▼ 0.1%
Debt€375,752▲ 2.5%€380,610▲ 1.3%€380,292▼ 0.1%€382,966▲ 0.7%€384,410▲ 0.4%
Working capital€46,879▼ 2.1%€16,915▼ 63.9%€29,519▲ 74.5%€29,640▲ 0.4%€29,018▼ 2.1%
Staff (FTE)
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 €1,359 in 2024 against €919 in 2023; the loss grows.
Key figures and ratios
Solvency
-460.9%▼
2023 · -458.5%
Current ratio
1.73▼
2023 · 1.76
Debt to equity
-1.22▲
2023 · -1.22
ROA
-2.2%▲
2023 · -4.7%
Debt ≤ 1 year
€39,519▲
2023 · €38,934
Debt > 1 year
€344,891▲
2023 · €344,032
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,360 | - | - | - | - | - |
| Other operating charges640/8 | - | - | €574 | €460 | €499 | ▲ 8.7% |
| Gross operating margin9900 | -€1,600 | -€119,007 | €511 | -€459 | -€859 | ▼ 87.0% |
| Operating profit (loss)9901 | -€4,259 | -€119,007 | -€63 | -€919 | -€1,359 | ▼ 47.8% |
| Financial income75/76B | - | €1,943 | - | - | - | - |
| Recurring financial income75 | €72 | €59 | - | - | - | - |
| Non-recurring financial income76B | - | €1,884 | - | - | - | - |
| Financial charges65/66B | - | €3,937 | €478 | €2,270 | €123 | ▼ 94.6% |
| Recurring financial charges65 | €6,156 | €3,937 | €478 | €880 | €123 | ▼ 86.1% |
| Non-recurring financial charges66B | - | - | - | €1,390 | - | - |
| Profit (loss) for the period before taxes9903 | -€10,343 | -€121,001 | -€541 | -€3,189 | -€1,481 | ▲ 53.6% |
| Profit (loss) for the period9904 | -€10,343 | -€121,001 | -€541 | -€3,189 | -€1,481 | ▲ 53.6% |
| Profit (loss) for the period to be appropriated9905 | -€10,343 | -€121,001 | -€541 | -€3,189 | -€1,481 | ▲ 53.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €186,092 | €69,949 | €69,090 | €68,575 | €68,537 | ▼ 0.1% |
| Current assets29/58 | €186,092 | €69,949 | €69,090 | €68,575 | €68,537 | ▼ 0.1% |
| Amounts receivable after more than one year29 | - | €68,537 | €68,537 | €68,537 | €68,537 | = |
| Other amounts receivable291 | - | €68,537 | €68,537 | €68,537 | €68,537 | = |
| Stocks and contracts in progress3 | €116,005 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1,092 | €1,412 | €553 | - | - | - |
| Other amounts receivable41 | - | €1,412 | €553 | - | - | - |
| Cash at bank and in hand54/58 | €457 | - | - | €37 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €186,092 | €69,949 | €69,090 | €68,575 | €68,537 | ▼ 0.1% |
| Equity10/15 | -€189,660 | -€310,661 | -€311,202 | -€314,392 | -€315,873 | ▼ 0.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€208,260 | -€329,261 | -€329,802 | -€332,992 | -€334,473 | ▼ 0.4% |
| Amounts payable17/49 | €375,752 | €380,610 | €380,292 | €382,966 | €384,410 | ▲ 0.4% |
| Amounts payable after more than one year17 | €236,539 | €327,576 | €340,721 | €344,032 | €344,891 | ▲ 0.2% |
| Other amounts payable178/9 | - | €327,576 | €340,721 | €344,032 | €344,891 | ▲ 0.2% |
| Amounts payable within one year42/48 | €139,213 | €53,035 | €39,571 | €38,934 | €39,519 | ▲ 1.5% |
| Financial debts43 | - | €63 | €84 | - | €85 | - |
| Credit institutions430/8 | - | €63 | €84 | - | €85 | - |
| Trade debts44 | €110,565 | €12,625 | - | - | €499 | - |
| Suppliers440/4 | - | €12,625 | - | - | €499 | - |
| Other amounts payable47/48 | - | €40,346 | €39,487 | €38,934 | €38,934 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,343 | -€121,001 | -€541 | -€3,189 | -€1,481 | ▲ 53.6% |
| + Depreciation and write-downs630 | €1,360 | - | - | - | - | - |
| Operating cash flow (approximation) | -€8,983 | -€121,001 | -€541 | -€3,189 | -€1,481 | ▲ 53.6% |
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
2025
12-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 08-12-2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
30-09
Financial
Weakest financial yearnet -€121,001
Net result drops to -€121,001, the lowest in the series.
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gistel · 1 establishment unit since 2015
Ground area
1.8 ha
Building footprint
1,760 m²
Volume, LiDAR
4,571 m³
2 parcels, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COMPO-PANEL
since 20152.245.714.207
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005D0715/00Z000 | Flanders | 1.7 ha | 1 · 1,583 m² | 6.0 m · 1 fl. |
| 35005D0715/00P000 | Flanders | 701 m² | 1 · 177 m² | 7.2 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCIS VOLCKAERT KAPELLESTRAAT 136 BLOK E,
8020 OOSTKAMP |
08-12-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-09-2015
Fiscal year end30-09
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.