CONCORDIA
Open bankruptcySummary
A bankruptcy procedure is open for CONCORDIA according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €10,060 and a net result of -€10,826.
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 Antwerp, Tongeren division
- Declared bankrupt
- 20 February 2024
- Supervising judge
- Kristof Emmers
- Official Gazette
- 26-02-2024 (pdf) ↗search the document for 2024/107768
Deadlines
- Provisional date payments stopped
- 20 February 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 12 March 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 21 March 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 2 April 2024Goods 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 20 February 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Felix RuysschaertPiepelpoel 13, 3700 Tongerenfelix.ruysschaert@consenso.be
- Mark Berna- ErtsPiepelpoel 13, 3700 Tongerenmark.bernaerts@consenso.be
- Stefanie GrosemansPiepel- Poel 13, 3700 Tongerenstefanie.grosemans@consenso.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 · 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
40 d late
2019
6 d late
← 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 26 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% 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 Holiday cottages, homes and apartments sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
€10,060▼ 51.8%
2020 · €20,885
Total assets
€24,021▼ 12.6%
2020 · €27,470
Net result
-€10,826▼ 1,524%
2020 · -€666
Working capital
€8,248▼ 57.6%
2020 · €19,438
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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
Line2018201920202021
Operating result€13,971-€3,550▼ 74.6%€2,788▼ 21.5%-€6,490
Net result€9,876-€2,564▼ 74.0%-€666within the sector's middle half-€10,826within the sector's middle half▼ 1,524%
Equity€18,988-€21,552▲ 13.5%€20,885within the sector's middle half▼ 3.1%€10,060within the sector's middle half▼ 51.8%
Total assets€26,914-€26,949▲ 0.1%€27,470below the sector's middle half▲ 1.9%€24,021below the sector's middle half▼ 12.6%
Debt€7,926-€5,397▼ 31.9%€6,585▲ 22.0%€13,962▲ 112%
Working capital€17,714-€20,361▲ 14.9%€19,438within the sector's middle half▼ 4.5%€8,248within the sector's middle half▼ 57.6%
Solvency70.6%-80.0%▲ 9.4pp76.0%above the sector's middle half▼ 3.9pp41.9%within the sector's middle half▼ 34.2pp
Current ratio3.23-4.77▲ 1.543.95above the sector's middle half▼ 0.821.59within the sector's middle half▼ 2.36
Return on assets (ROA)36.7%-9.5%▼ 27.2pp-2.4%within the sector's middle half▼ 11.9pp-45.1%below the sector's middle half▼ 42.6pp
Staff (FTE)1-
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €6,490 after €2,788 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €24,021
Fixed assets
€1,812 ▲ 25.1%
Current assets
€22,210 ▼ 14.7%
Equity and liabilities €24,021
Equity
€10,060 ▼ 51.8%
Debt
€13,962 ▲ 112%
Debt's share of the balance-sheet total rises from 24.0% to 58.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€6,324▼
2020 · €2,943
Cash flow
-€10,660▼
2020 · -€512
Debt to equity
1.39
ROE
-107.6%▼
2020 · -3.2%
Interest coverage
-14.54
Debt ≤ 1 year
€13,962▲
2020 · €6,585
Income taxes
€3,901▲
2020 · €3,003
Staff costs
€525
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 | - | - | - | €525 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €198 | €84 | €155 | €166 | ▲ 7.3% |
| Other operating charges640/8 | - | - | - | €21,470 | - |
| Gross operating margin9900 | €20,458 | €12,394 | €13,011 | €15,672 | ▲ 20.5% |
| Operating profit (loss)9901 | €13,971 | €3,550 | €2,788 | -€6,490 | ▼ 333% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | - | €1 | €0 | ▼ 89.7% |
| Financial charges65/66B | - | - | - | €435 | - |
| Recurring financial charges65 | €823 | €129 | €452 | €435 | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | €13,148 | €3,421 | €2,337 | -€6,924 | ▼ 396% |
| Income taxes67/77 | €3,272 | €857 | €3,003 | €3,901 | ▲ 29.9% |
| Profit (loss) for the period9904 | €9,876 | €2,564 | -€666 | -€10,826 | ▼ 1,524% |
| Profit (loss) for the period to be appropriated9905 | €9,876 | €2,564 | -€666 | -€10,826 | ▼ 1,524% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €26,914 | €26,949 | €27,470 | €24,021 | ▼ 12.6% |
| Fixed assets21/28 | €1,274 | €1,191 | €1,448 | €1,812 | ▲ 25.1% |
| Tangible fixed assets22/27 | €748 | €664 | €921 | €755 | ▼ 18.0% |
| Land and buildings22 | - | - | - | €497 | - |
| Plant, machinery and equipment23 | - | - | - | €258 | - |
| Financial fixed assets28 | €526 | €526 | €526 | €1,056 | ▲ 101% |
| Current assets29/58 | €25,640 | €25,758 | €26,023 | €22,210 | ▼ 14.7% |
| Amounts receivable within one year40/41 | €19,774 | €21,041 | €19,246 | €15,600 | ▼ 18.9% |
| Other amounts receivable41 | - | - | - | €15,600 | - |
| Cash at bank and in hand54/58 | €4,838 | €4,718 | €5,380 | €5,505 | ▲ 2.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,104 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €26,914 | €26,949 | €27,470 | €24,021 | ▼ 12.6% |
| Equity10/15 | €18,988 | €21,552 | €20,885 | €10,060 | ▼ 51.8% |
| Contributions10/11 | €12,395 | €12,395 | - | €12,395 | - |
| Reserves13 | €6,593 | €9,157 | €8,491 | €1,859 | ▼ 78.1% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | - |
| Profit (loss) carried forward14 | - | -€5,284 | - | -€4,194 | - |
| Amounts payable17/49 | €7,926 | €5,397 | €6,585 | €13,962 | ▲ 112% |
| Amounts payable within one year42/48 | €7,926 | €5,397 | €6,585 | €13,962 | ▲ 112% |
| Trade debts44 | €5,054 | €1,811 | €2,494 | €6,036 | ▲ 142% |
| Suppliers440/4 | - | - | - | €6,036 | - |
| Taxes, remuneration and social security45 | - | - | - | €7,926 | - |
| Taxes450/3 | - | - | - | €7,926 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,876 | €2,564 | -€666 | -€10,826 | ▼ 1,524% |
| + Depreciation and write-downs630 | €198 | €84 | €155 | €166 | ▲ 7.3% |
| Operating cash flow (approximation) | €10,074 | €2,647 | -€512 | -€10,660 | ▼ 1,983% |
| Investment in fixed assets (approximation) | - | €0 | -€412 | -€530 | ▼ 28.7% |
| Change in cash | - | -€120 | €662 | €125 | ▼ 81.1% |
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
26-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 20-02-2024
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€10,826
Net result drops to -€10,826, the lowest in the series.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 59 days late
2014
28-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
27-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 1991
Ground area
220 m²
Building footprint
220 m²
Volume, LiDAR
2,287 m³
Parcel 71308A0827/00C015, Flanders · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CONCORDIA
since 19912.051.721.036
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71308A0827/00C015 | Flanders | 220 m² | 1 · 220 m² | 13.1 m · 4 fl. |
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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | FELIX RUYSSCHAERT PIEPELPOEL 13,
3700 TONGEREN |
20-02-2024 → present |
| Curator | MARK BERNA-
ERTS PIEPELPOEL 13, 3700 TONGEREN- |
20-02-2024 → present |
| Curator | STEFANIE GROSEMANS PIEPEL-
POEL 13, 3700 TONGEREN |
20-02-2024 → present |
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Of 3,007 companies in sector 55203 we hold annual accounts for 694. 324 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 (pre-2019)
Founded26-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
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.