CRM Consult
Open bankruptcyAre 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, Kortrijk division
- Declared bankrupt
- 7 August 2025
- Supervising judge
- Dirk Coussee
- Official Gazette
- 27-08-2025 (pdf) ↗search the document for 2025/133988
Deadlines
- Appeal or third-party opposition until
- passed on 11 September 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- Late claim until
- passed on 7 August 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Laurence MontagnePresident Rooseveltplein 5 B2, 8500 Kortrijkadv.laurence.montagne@outlook.com
- Guy DelabieEngelse Wandeling 74, 8510 Marke- us.be
- Sylvie FoulonBornstraat 44, 8800 Roeselareinfo@lauwersadvocaten.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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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
Two 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 31-05-2023 was due by 31-12-2023 and was filed on 04-01-2024, 4 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
2024
not filed
2023
4 d late
2022
25 d early
2021
4 d late
2020
37 d early
2019
34 d early
2018
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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?Process a list How is the Business and other management consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
€570,980▲ 4.5%
2022 · €546,166
Total assets
€1.9m▼ 28.9%
2022 · €2.7m
Net result
€24,814▼ 71.7%
2022 · €87,672
Working capital
€289,421▼ 65.7%
2022 · €842,631
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€97,742-€5,247▼ 94.6%€37,043▲ 606%€141,373▲ 282%€43,202▼ 69.4%
Net result€73,289-€2,009within the sector's middle half▼ 97.3%€10,472within the sector's middle half▲ 421%€87,672within the sector's middle half▲ 737%€24,814within the sector's middle half▼ 71.7%
Equity€446,013-€448,022within the sector's middle half▲ 0.5%€458,494within the sector's middle half▲ 2.3%€546,166within the sector's middle half▲ 19.1%€570,980within the sector's middle half▲ 4.5%
Total assets€889,884-€1.3mwithin the sector's middle half▲ 47.5%€2.1mwithin the sector's middle half▲ 61.1%€2.7mwithin the sector's middle half▲ 29.0%€1.9mwithin the sector's middle half▼ 28.9%
Debt€443,870-€864,312▲ 94.7%€1.7m▲ 91.6%€2.2m▲ 31.8%€1.4m▼ 37.3%
Working capital€144,909-€554,647above the sector's middle half▲ 283%€709,536above the sector's middle half▲ 27.9%€842,631above the sector's middle half▲ 18.8%€289,421within the sector's middle half▼ 65.7%
Solvency50.1%-34.1%within the sector's middle half▼ 16.0pp21.7%below the sector's middle half▼ 12.5pp20.0%below the sector's middle half▼ 1.7pp29.4%within the sector's middle half▲ 9.4pp
Current ratio1.33-2.70within the sector's middle half▲ 1.372.81within the sector's middle half▲ 0.112.38within the sector's middle half▼ 0.431.43within the sector's middle half▼ 0.95
Return on assets (ROA)8.2%-0.2%below the sector's middle half▼ 8.1pp0.5%within the sector's middle half▲ 0.3pp3.2%within the sector's middle half▲ 2.7pp1.3%within the sector's middle half▼ 1.9pp
Staff (FTE)3.3-5.3within the sector's middle half▲ 60.6%6.2within the sector's middle half▲ 17.0%6.2above the sector's middle half=2.5within the sector's middle half▼ 59.7%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 69% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.9m
Fixed assets
€979,520 ▼ 23.1%
Current assets
€959,345 ▼ 34.0%
Equity and liabilities €1.9m
Equity
€570,980 ▲ 4.5%
Debt
€1.4m ▼ 37.3%
Debt's share of the balance-sheet total falls from 80.0% to 70.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€140,211▼
2022 · €191,344
Cash flow
€121,823▼
2022 · €137,644
Debt to equity
2.40▼
2022 · 3.99
ROE
4.3%▼
2022 · 16.1%
Interest coverage
39.87▲
2022 · 13.96
Debt ≤ 1 year
€669,924▲
2022 · €610,932
Debt > 1 year
€697,961▼
2022 · €1.6m
Income taxes
€14,958▼
2022 · €39,994
Staff costs
€176,001▼
2022 · €340,058
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €340,058 | €176,001 | ▼ 48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,542 | €51,398 | €56,000 | €49,972 | €97,009 | ▲ 94.1% |
| Other operating charges640/8 | - | - | - | €979 | €980 | ▲ 0.1% |
| Gross operating margin9900 | €316,150 | €320,496 | €487,987 | €532,381 | €317,192 | ▼ 40.4% |
| Operating profit (loss)9901 | €97,742 | €5,247 | €37,043 | €141,373 | €43,202 | ▼ 69.4% |
| Financial income75/76B | - | - | - | - | €86 | - |
| Recurring financial income75 | - | €2,472 | - | - | €86 | - |
| Financial charges65/66B | - | - | - | €13,707 | €3,516 | ▼ 74.3% |
| Recurring financial charges65 | €2,729 | €1,525 | €3,394 | €13,707 | €3,516 | ▼ 74.3% |
| Profit (loss) for the period before taxes9903 | €95,013 | €6,194 | €33,649 | €127,666 | €39,771 | ▼ 68.8% |
| Income taxes67/77 | €21,725 | €4,186 | €23,177 | €39,994 | €14,958 | ▼ 62.6% |
| Profit (loss) for the period9904 | €73,289 | €2,009 | €10,472 | €87,672 | €24,814 | ▼ 71.7% |
| Profit (loss) for the period to be appropriated9905 | €73,289 | €2,009 | €10,472 | €87,672 | €24,814 | ▼ 71.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €889,884 | €1.3m | €2.1m | €2.7m | €1.9m | ▼ 28.9% |
| Fixed assets21/28 | €301,104 | €431,189 | €1.0m | €1.3m | €979,520 | ▼ 23.1% |
| Intangible fixed assets21 | €252,854 | €232,411 | €211,969 | €191,946 | €141,946 | ▼ 26.0% |
| Tangible fixed assets22/27 | €46,688 | €197,215 | €193,353 | €163,520 | €116,511 | ▼ 28.7% |
| Land and buildings22 | - | - | - | €162,750 | €116,332 | ▼ 28.5% |
| Plant, machinery and equipment23 | - | - | - | €278 | €179 | ▼ 35.6% |
| Other tangible fixed assets26 | - | - | - | €492 | - | - |
| Financial fixed assets28 | €1,563 | €1,563 | €606,563 | €919,053 | €721,063 | ▼ 21.5% |
| Current assets29/58 | €588,779 | €881,145 | €1.1m | €1.5m | €959,345 | ▼ 34.0% |
| Amounts receivable within one year40/41 | €126,038 | €718,433 | €910,242 | €1.4m | €919,557 | ▼ 34.8% |
| Trade receivables40 | - | - | - | €1.4m | €919,557 | ▼ 34.8% |
| Cash at bank and in hand54/58 | €303,741 | €3,712 | €33,860 | €42,557 | €39,788 | ▼ 6.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €889,884 | €1.3m | €2.1m | €2.7m | €1.9m | ▼ 28.9% |
| Equity10/15 | €446,013 | €448,022 | €458,494 | €546,166 | €570,980 | ▲ 4.5% |
| Contributions10/11 | €6,200 | - | - | €9,397 | €9,397 | = |
| Reserves13 | €439,813 | €438,625 | €449,096 | €536,769 | €561,583 | ▲ 4.6% |
| Distributable reserves133 | - | - | - | €536,769 | €561,583 | ▲ 4.6% |
| Amounts payable17/49 | €443,870 | €864,312 | €1.7m | €2.2m | €1.4m | ▼ 37.3% |
| Amounts payable after more than one year17 | - | €537,814 | €1.3m | €1.6m | €697,961 | ▼ 55.6% |
| Financial debts170/4 | - | - | - | €1.6m | €697,961 | ▼ 55.6% |
| Amounts payable within one year42/48 | €443,870 | €326,498 | €392,766 | €610,932 | €669,924 | ▲ 9.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,680 | €242 | ▼ 85.6% |
| Trade debts44 | €2,179 | €42,087 | €91,064 | €35,650 | €49,640 | ▲ 39.2% |
| Suppliers440/4 | - | - | - | €35,650 | €49,640 | ▲ 39.2% |
| Taxes, remuneration and social security45 | - | - | - | €103,144 | €206,259 | ▲ 100.0% |
| Taxes450/3 | - | - | - | €72,696 | €171,602 | ▲ 136% |
| Remuneration and social security454/9 | - | - | - | €30,448 | €34,657 | ▲ 13.8% |
| Other amounts payable47/48 | - | - | - | €470,457 | €413,783 | ▼ 12.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,289 | €2,009 | €10,472 | €87,672 | €24,814 | ▼ 71.7% |
| + Depreciation and write-downs630 | €17,542 | €51,398 | €56,000 | €49,972 | €97,009 | ▲ 94.1% |
| Operating cash flow (approximation) | €90,830 | €53,407 | €66,472 | €137,644 | €121,823 | ▼ 11.5% |
| Investment in fixed assets (approximation) | - | -€181,483 | -€636,696 | -€312,606 | €197,990 | ▲ 163% |
| Change in cash | - | -€300,029 | €30,148 | €8,697 | -€2,769 | ▼ 132% |
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
27-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 07-08-2025
13-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 07-08-2025
2024
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 4 days late
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-05
Financial
Highest result since 2019net €87,672 ▲737%
Operating result €141,373, net result €87,672, both a record.
31-05
Financial
Equity above €500,000Eq €546,166 ▲19.1%
4 profitable years in a row build equity to €546,166.
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-05
Financial
Weakest financial yearnet €2,009 ▼97.3%
Net result drops to €2,009, the lowest in the series.
31-05
Financial
Liquidity doublescurrent ratio 2.70
Current ratio from 1.33 to 2.70; short-term debt falls from €443,870 to €326,498.
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
07-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2015
29-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
26-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2011
Ground area
3,101 m²
Building footprint
506 m²
Volume, LiDAR
5,302 m³
Parcel 34010A0543/00S000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
CRM Consult
since 20112.200.565.556
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0543/00S000 | Flanders | 3,101 m² | 1 · 506 m² | 11.9 m · 3 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 | Laurence MONTAGNE President Rooseveltplein 5 B2, 8500 Kortrijk |
07-08-2025 → present |
| Curator | GUY
DELABIE Engelse Wandeling 74, 8510 Marke- us.be |
07-08-2025 → present |
| Curator | SYLVIE FOULON Bornstraat 44, 8800 Roeselare |
07-08-2025 → present |
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 33,577 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded05-07-2011
Fiscal year end31-05
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.