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COPROSAIN

Open bankruptcy
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 1985Chemin des Peupliers 24, 7800 Ath, BelgiumKBO/BCE: BE 0427.972.017

A bankruptcy procedure is open for COPROSAIN according to publications in the Belgian State Gazette; curator: GAUTHIER LEFEBVRE.

Summary

The file additionally contains 3 judicial reorganisation notices. The 2021 annual accounts show negative equity (-€980,402) and a net result of -€1.1m.

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 Hainaut, Tournai division
Declared bankrupt
18 October 2022
Supervising judge
Philippe Lenfant
Official Gazette
25-10-2022 (pdf) ↗search the document for 2022/138344

Deadlines

Provisional date payments stopped
18 October 2022A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 9 November 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 17 November 2022art. XX.104 and XX.155 CEL
First verification report
passed on 8 December 2022Goods 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 18 October 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Gauthier LefebvreRue De L’Athenee 38, 7500 Tournai- . Date provisoire de cessation de paiement : 18/10/2022g.lefebvre@avocat.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 14-10-2022, 75 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 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
75 d late
2020
12 d early
2019
122 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 62 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

COPROSAIN was incorporated on 30 September 1985.1 Revenue went from EUR 9 million in 2018 to EUR 9.5 million in 2021 and headcount from 59.1 to 68.1 full-time equivalents.2 On 18 October 2022 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 25-10-2022

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, unclassified schema

Turnover
€9.5m▼ 6.1%
2020 · €10.1m
EBIT margin
-11.0%▼ 11.6pp
2020 · 0.6%
Net result
-€1.1m
2020 · €32,699
Working capital
-€2.1m▼ 101%
2020 · -€1.0m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Turnover€9.0m-€9.4m▲ 4.5%€10.1m▲ 8.2%€9.5m▼ 6.1%
Operating result-€58,981--€248,711▼ 322%€59,049-€1.0m
Net result-€89,762--€283,953▼ 216%€32,699within the sector's middle half-€1.1m
EBIT margin-0.7%--2.7%▼ 2.0pp0.6%▲ 3.2pp-11.0%▼ 11.6pp
Equity-€1,810--€254,693▼ 13,974%€73,330below the sector's middle half-€980,402
Total assets€2.2m-€2.2m▲ 2.2%€2.7mwithin the sector's middle half▲ 17.9%€2.2m▼ 17.4%
Debt€2.2m-€2.5m▲ 13.7%€2.6m▲ 2.3%€3.2m▲ 23.8%
Working capital-€704,282--€1.0m▼ 43.7%-€1.0mbelow the sector's middle half▼ 1.8%-€2.1m▼ 101%
Solvency-0.1%--11.3%▼ 11.2pp2.8%below the sector's middle half▲ 14.1pp-44.7%▼ 47.5pp
Current ratio0.59-0.51▼ 0.080.53below the sector's middle half▲ 0.020.28▼ 0.26
Return on assets (ROA)-4.1%--12.6%▼ 8.5pp1.2%within the sector's middle half▲ 13.9pp-49.3%▼ 50.5pp
Staff (FTE)59.1-61.4▲ 3.9%66.4above the sector's middle half▲ 8.1%68.1▲ 2.6%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€1.5m-€1.0m-€500,000€0Operating result 2018: -€58,981-€58,981Net result 2018: -€89,762-€89,762Operating result 2019: -€248,711-€248,711Net result 2019: -€283,953-€283,953Operating result 2020: €59,049€59,049Net result 2020: €32,699€32,699Operating result 2021: -€1.0m-€1.0mNet result 2021: -€1.1m-€1.1m2018201920202021-€1.5m-€1m-€500,000€0Operating result 2019: -€248,711-€249,000Net result 2019: -€283,953-€284,000Operating result 2020: €59,049€59,000Net result 2020: €32,699€32,700Operating result 2021: -€1.0m-€1mNet result 2021: -€1.1m-€1.1m201920202021
The operating result turns negative in 2021: a loss of €1.0m after €59,049 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2.2m
Fixed assets €1.4m ▼ 5.3%
Current assets €799,615 ▼ 32.3%
Key figures and ratios
2021 value · change against 2020
EBITDA
-€883,304▼
2020 · €236,798
Cash flow
-€915,540▼
2020 · €210,448
Quick ratio
0.15▼
2020 · 0.31
Debt to equity
-3.23▼
2020 · 4.66
Interest coverage
-82.14
Debt ≤ 1 year
€2.9m▲
2020 · €2.2m
Debt > 1 year
€283,181▼
2020 · €341,583
Income taxes
€331▲
2020 · -€483
Staff costs
€2.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 79 lines
Balance sheet Code20202021
Assets
Total assets20/58€2.7m€2.2m▼
Fixed assets21/28€1.5m€1.4m▼
Intangible fixed assets21€5,667€3,333▼
Tangible fixed assets22/27€1.5m€1.4m▼
Land and buildings22-€325,015
Plant, machinery and equipment23-€845,399
Furniture and vehicles24-€206,128
Other tangible fixed assets26-€0
Financial fixed assets28€12,353€11,610▼
Other financial fixed assets284/8-€11,610
Amounts receivable and cash guarantees285/8-€11,610
Current assets29/58€1.2m€799,615▼
Stocks and contracts in progress3€486,605€362,498▼
Stocks30/36-€362,498
Goods purchased for resale34-€362,498
Amounts receivable within one year40/41€396,491€242,750▼
Trade receivables40-€211,632
Other amounts receivable41-€31,118
Current investments50/53€453-
Cash at bank and in hand54/58€244,704€194,324▼
Deferred charges and accrued income490/1-€43
Equity and liabilities
Total equity and liabilities10/49€2.7m€2.2m▼
Equity10/15€73,330-€980,402▼
Contributions10/11-€433,972
Revaluation surpluses12-€287,787
Reserves13€12,853€12,853=
Non-distributable reserves130/1-€11,955
Reserves not available under the articles1311-€11,955
Distributable reserves133-€898
Profit (loss) carried forward14-€635,492-€1.7m▼
Provisions and deferred taxes16€16,023-
Amounts payable17/49€2.6m€3.2m▲
Amounts payable after more than one year17€341,583€283,181▼
Financial debts170/4-€221,733
Credit institutions173-€221,733
Other amounts payable178/9-€61,448
Amounts payable within one year42/48€2.2m€2.9m▲
Current portion of amounts payable after more than one year42-€73,803
Financial debts43-€23,780
Credit institutions430/8-€23,780
Trade debts44€1.7m€2.1m▲
Suppliers440/4-€2.1m
Taxes, remuneration and social security45-€717,388
Taxes450/3-€92,715
Remuneration and social security454/9-€624,673
Other amounts payable47/48-€3,283
Accrued charges and deferred income492/3-€17,632
Income statement Code20202021
Operating income70/76A-€9.7m
Turnover70€10.1m€9.5m▼
Other operating income74-€121,825
Non-recurring operating income76A-€33,679
Operating charges60/66A-€10.7m
Goods for resale, raw materials and consumables60-€5.9m
Purchases600/8-€5.8m
Change in stocks: decrease (increase)609-€124,107
Services and other goods61-€1.8m
Remuneration, social security and pensions62-€2.5m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€177,749€163,982▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€46,373
Provisions for liabilities and charges: additions (uses and reversals)635/8--€16,023
Other operating charges640/8-€29,664
Non-recurring operating charges66A-€268,777
Gross operating margin9900€2.5m-
Operating profit (loss)9901€59,049-€1.0m▼
Financial income75/76B-€2,312
Recurring financial income75€1€2,312▲
Other financial income752/9-€2,312
Financial charges65/66B-€34,217
Recurring financial charges65€26,834€34,217▲
Debt charges650-€10,753
Other financial charges652/9-€23,464
Profit (loss) for the period before taxes9903€32,216-€1.1m▼
Income taxes67/77-€483€331▲
Taxes670/3-€331
Profit (loss) for the period9904€32,699-€1.1m▼
Profit (loss) for the period to be appropriated9905€32,699-€1.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906--€1.7m
Profit (loss) brought forward from the previous period14P--€635,492
Social balance
Average headcount (FTE)9087-68.1

The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Operating income70/76A---€9.7m-
Turnover70€9.0m€9.4m€10.1m€9.5m▼ 6.1%
Other operating income74---€121,825-
Non-recurring operating income76A---€33,679-
Operating charges60/66A---€10.7m-
Goods for resale, raw materials and consumables60---€5.9m-
Purchases600/8---€5.8m-
Change in stocks: decrease (increase)609---€124,107-
Services and other goods61---€1.8m-
Remuneration, social security and pensions62---€2.5m-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€164,635€170,923€177,749€163,982▼ 7.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€46,373-
Provisions for liabilities and charges: additions (uses and reversals)635/8----€16,023-
Other operating charges640/8---€29,664-
Non-recurring operating charges66A---€268,777-
Gross operating margin9900€2.2m€2.1m€2.5m--
Operating profit (loss)9901-€58,981-€248,711€59,049-€1.0m▼ 1,874%
Financial income75/76B---€2,312-
Recurring financial income75€151€9€1€2,312▲ 462,300%
Other financial income752/9---€2,312-
Financial charges65/66B---€34,217-
Recurring financial charges65€27,560€36,367€26,834€34,217▲ 27.5%
Debt charges650---€10,753-
Other financial charges652/9---€23,464-
Profit (loss) for the period before taxes9903-€89,661-€285,069€32,216-€1.1m▼ 3,450%
Income taxes67/77€100-€1,116-€483€331▲ 168%
Taxes670/3---€331-
Profit (loss) for the period9904-€89,762-€283,953€32,699-€1.1m▼ 3,401%
Profit (loss) for the period to be appropriated9905-€89,762-€283,953€32,699-€1.1m▼ 3,401%
Line2018201920202021Change
Assets
Total assets20/58€2.2m€2.2m€2.7m€2.2m▼ 17.4%
Fixed assets21/28€1.2m€1.2m€1.5m€1.4m▼ 5.3%
Intangible fixed assets21€7,564€0€5,667€3,333▼ 41.2%
Tangible fixed assets22/27€1.2m€1.2m€1.5m€1.4m▼ 5.1%
Land and buildings22---€325,015-
Plant, machinery and equipment23---€845,399-
Furniture and vehicles24---€206,128-
Other tangible fixed assets26---€0-
Financial fixed assets28€7,353€7,353€12,353€11,610▼ 6.0%
Other financial fixed assets284/8---€11,610-
Amounts receivable and cash guarantees285/8---€11,610-
Current assets29/58€1.0m€1.1m€1.2m€799,615▼ 32.3%
Stocks and contracts in progress3€444,117€472,716€486,605€362,498▼ 25.5%
Stocks30/36---€362,498-
Goods purchased for resale34---€362,498-
Amounts receivable within one year40/41€328,233€416,315€396,491€242,750▼ 38.8%
Trade receivables40---€211,632-
Other amounts receivable41---€31,118-
Current investments50/53€453€453€453--
Cash at bank and in hand54/58€188,273€143,275€244,704€194,324▼ 20.6%
Deferred charges and accrued income490/1---€43-
Equity and liabilities
Total equity and liabilities10/49€2.2m€2.2m€2.7m€2.2m▼ 17.4%
Equity10/15-€1,810-€254,693€73,330-€980,402▼ 1,437%
Contributions10/11€363,462€394,532-€433,972-
Revaluation surpluses12---€287,787-
Reserves13€12,853€12,853€12,853€12,853=
Non-distributable reserves130/1---€11,955-
Reserves not available under the articles1311---€11,955-
Distributable reserves133---€898-
Profit (loss) carried forward14-€384,239-€668,192-€635,492-€1.7m▼ 170%
Provisions and deferred taxes16--€16,023--
Amounts payable17/49€2.2m€2.5m€2.6m€3.2m▲ 23.8%
Amounts payable after more than one year17€487,840€403,863€341,583€283,181▼ 17.1%
Financial debts170/4---€221,733-
Credit institutions173---€221,733-
Other amounts payable178/9---€61,448-
Amounts payable within one year42/48€1.7m€2.1m€2.2m€2.9m▲ 29.7%
Current portion of amounts payable after more than one year42---€73,803-
Financial debts43---€23,780-
Credit institutions430/8---€23,780-
Trade debts44€1.2m€1.6m€1.7m€2.1m▲ 19.9%
Suppliers440/4---€2.1m-
Taxes, remuneration and social security45---€717,388-
Taxes450/3---€92,715-
Remuneration and social security454/9---€624,673-
Other amounts payable47/48---€3,283-
Accrued charges and deferred income492/3---€17,632-
Line2018201920202021Change
Profit (loss) for the period9904-€89,762-€283,953€32,699-€1.1m▼ 3,401%
+ Depreciation and write-downs630€164,635€170,923€177,749€163,982▼ 7.7%
Operating cash flow (approximation)€74,874-€113,030€210,448-€915,540▼ 535%
Investment in fixed assets (approximation)--€159,076-€468,564-€86,188▲ 81.6%
Change in cash--€44,998€101,429-€50,380▼ 150%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2022
25-10
Bankruptcy Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 18-10-2022
14-10
NBB filing Annual accounts filed
fiscal year 2021 · unclassified schema · 75 days late
15-09
Judicial reorganisation Extension
Tribunal de l’entreprise du Hainaut · court-supervised transfer · event 07-09-2022
28-07
Judicial reorganisation Transfer under judicial authority
Tribunal de l’entreprise du Hainaut · court-supervised transfer
17-01
Judicial reorganisation Opening
Tribunal de l’entreprise du Hainaut · amicable agreement · event 12-01-2022
2021
31-12
Financial Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series.
19-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Back to profitnet €32,699
Net result €32,699 after 2 loss-making years.
30-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
14-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Show earlier events
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
07-10
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 68 days late
2014
29-08
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 29 days late
2013
19-08
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 19 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 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 Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
10 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, Ath · 5 establishment units since 2001
seat establishment approximate All 5 establishment units on the map
Ground area
5,378 m²
Building footprint
1,476 m²
Volume, LiDAR
9,243 m³
5 parcels, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
5 establishment units
coprosain
Zinniksesteenweg 87, 7850 EnghienNACE 5138402
since 20012.145.149.951
coprosain
Chemin des Peupliers 24, 7800 AthNACE 1511102
since 20052.148.130.128
COPROSAIN
Avenue de Maire(TOU) 139-4, 7500 TournaiRetail trade
since 20182.274.467.381
Coprosain
Chaussée de Bruxelles 140, 7061 SoigniesRetail trade
since 20212.323.668.949
Coprosain
Chaussée du Roeulx 222A, 7000 MonsRetail trade
since 20222.323.669.048
5 parcels
Wallonia 5 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
55025B0256/00P000 Wallonia 2,303 m² 1 · 981 m² 8.8 m · 2 fl.
51004B0016/00E002 Wallonia 1,628 m² 1 · 293 m² 10.7 m · 2 fl.
53404B0607/00T003 Wallonia 650 m² 1 · 58 m² 10.0 m · 3 fl.
57463L0093/00M002indicative Wallonia 498 m² - -
55006B0760/00E000 Wallonia 298 m² 1 · 145 m² 11.3 m · 3 fl.
Linked by address, not proof of ownership
Good to know
4 of 5 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 GAUTHIER LEFEBVRE
RUE DE L’ATHENEE 38, 7500 TOURNAI- . Date provisoire de cessation de paiement : 18/10/2022
18-10-2022 → present

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 958 companies in sector 46319 we hold annual accounts for 611. 353 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded30-09-1985
Fiscal year end31-12
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
46331Wholesale trade
46370Wholesale trade
47221Retail sale of meat and meat products, excluding game and poultry
47271Retail trade
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.