CrmConnect
Open bankruptcySummary
A bankruptcy procedure is open for CrmConnect according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €3.2m and a net result of €180,313.
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, Kortrijk division
- Declared bankrupt
- 4 February 2025
- Supervising judge
- Dirk Coussee
- Official Gazette
- 12-02-2025 (pdf) ↗search the document for 2025/105919
Deadlines
- Provisional date payments stopped
- 4 February 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 27 February 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 6 March 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 25 March 2025Goods 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 4 February 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.
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 30-09-2022 was due by 30-04-2023 and was filed on 02-05-2023, 2 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 filed
2024
not filed
2023
not filed
2022
2 d late
2021
3 d late
2020
39 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 16 days before 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)
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 Wholesale of cars and light vans (up to 3.5 tonnes) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Turnover
€27.3m▼ 11.3%
2018 · €30.7m
EBIT margin
3.3%▼ 1.1pp
2018 · 4.5%
Net result
€180,313▲ 46.0%
2021 · €123,533
Working capital
€3.9m▲ 7.6%
2021 · €3.7m
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
Line20182019202020212022
Turnover€30.7m-€27.3m▼ 11.3%
Operating result€1.4m-€911,145▼ 33.9%€562,019▼ 38.3%€399,126▼ 29.0%€494,267▲ 23.8%
Net result€748,654-€500,140▼ 33.2%€292,473above the sector's middle half▼ 41.5%€123,533within the sector's middle half▼ 57.8%€180,313within the sector's middle half▲ 46.0%
EBIT margin4.5%-3.3%▼ 1.1pp
Equity€2.1m-€2.6m▲ 24.2%€2.9mabove the sector's middle half▲ 11.4%€3.0mabove the sector's middle half▲ 4.3%€3.2mabove the sector's middle half▲ 6.1%
Total assets€5.9m-€9.5m▲ 61.9%€8.5mabove the sector's middle half▼ 10.8%€9.9mabove the sector's middle half▲ 16.1%€11.7mabove the sector's middle half▲ 18.8%
Debt€3.8m-€6.9m▲ 82.3%€5.6m▼ 19.0%€6.9m▲ 22.1%€8.5m▲ 24.3%
Working capital€2.1m-€2.4m▲ 16.6%€2.6mabove the sector's middle half▲ 7.0%€3.7mabove the sector's middle half▲ 42.7%€3.9mabove the sector's middle half▲ 7.6%
Solvency35.1%-27.0%▼ 8.2pp33.7%within the sector's middle half▲ 6.7pp30.2%within the sector's middle half▼ 3.4pp27.0%within the sector's middle half▼ 3.2pp
Current ratio1.55-1.35▼ 0.201.46within the sector's middle half▲ 0.111.62within the sector's middle half▲ 0.171.52within the sector's middle half▼ 0.10
Return on assets (ROA)12.7%-5.3%▼ 7.5pp3.4%within the sector's middle half▼ 1.8pp1.3%within the sector's middle half▼ 2.2pp1.5%within the sector's middle half▲ 0.3pp
Staff (FTE)4-6.4▲ 60.0%6.4within the sector's middle half=5.3within the sector's middle half▼ 17.2%4.9within the sector's middle half▼ 7.5%
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
The operating result recovers in 2022; 2022 is 24% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €11.7m
Fixed assets
€214,882 ▼ 31.6%
Current assets
€11.5m ▲ 20.5%
Equity and liabilities €11.7m
Equity
€3.2m ▲ 6.1%
Debt
€8.5m ▲ 24.3%
Debt's share of the balance-sheet total rises from 69.8% to 73.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€601,650▲
2021 · €488,512
Cash flow
€287,697▲
2021 · €212,919
Quick ratio
1.32▼
2021 · 1.59
Debt to equity
2.70▲
2021 · 2.31
ROE
5.7%▲
2021 · 4.1%
Interest coverage
2.56▲
2021 · 2.17
Debt ≤ 1 year
€7.5m▲
2021 · €5.9m
Debt > 1 year
€1.0m=
2021 · €1.0m
Income taxes
€88,213▲
2021 · €55,721
Staff costs
€268,649▼
2021 · €270,492
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €30.7m | €27.3m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €270,492 | €268,649 | ▼ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,043 | €81,114 | €77,408 | €89,386 | €107,384 | ▲ 20.1% |
| Other operating charges640/8 | - | - | - | €4,219 | €34,085 | ▲ 708% |
| Gross operating margin9900 | - | - | €906,308 | €763,224 | €904,385 | ▲ 18.5% |
| Operating profit (loss)9901 | €1.4m | €911,145 | €562,019 | €399,126 | €494,267 | ▲ 23.8% |
| Financial income75/76B | - | - | - | €5,386 | €9,336 | ▲ 73.3% |
| Recurring financial income75 | €260,366 | €74,078 | €73,120 | €5,386 | €9,336 | ▲ 73.3% |
| Financial charges65/66B | - | - | - | €225,258 | €235,077 | ▲ 4.4% |
| Recurring financial charges65 | €495,499 | €281,908 | €201,713 | €225,258 | €235,077 | ▲ 4.4% |
| Debt charges650 | €495,499 | €227,878 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.1m | €703,314 | €433,426 | €179,254 | €268,526 | ▲ 49.8% |
| Income taxes67/77 | €395,158 | €203,174 | €140,953 | €55,721 | €88,213 | ▲ 58.3% |
| Profit (loss) for the period9904 | €748,654 | €500,140 | €292,473 | €123,533 | €180,313 | ▲ 46.0% |
| Profit (loss) for the period to be appropriated9905 | €748,654 | €500,140 | €292,473 | €123,533 | €180,313 | ▲ 46.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.9m | €9.5m | €8.5m | €9.9m | €11.7m | ▲ 18.8% |
| Fixed assets21/28 | €56,026 | €176,201 | €304,300 | €314,266 | €214,882 | ▼ 31.6% |
| Intangible fixed assets21 | - | €160,000 | €120,000 | €80,000 | €40,000 | ▼ 50.0% |
| Tangible fixed assets22/27 | €56,026 | €16,201 | €184,300 | €234,266 | €174,882 | ▼ 25.3% |
| Land and buildings22 | - | - | - | €142,306 | €100,312 | ▼ 29.5% |
| Plant, machinery and equipment23 | - | - | - | €2,454 | €2,454 | = |
| Furniture and vehicles24 | - | - | - | €89,506 | €72,117 | ▼ 19.4% |
| Current assets29/58 | €5.8m | €9.3m | €8.2m | €9.5m | €11.5m | ▲ 20.5% |
| Stocks and contracts in progress3 | €3.1m | €5.1m | €4.9m | €176,922 | €1.6m | ▲ 776% |
| Stocks30/36 | - | - | - | €176,922 | €1.6m | ▲ 776% |
| Amounts receivable within one year40/41 | €2.3m | €2.7m | €2.0m | €7.3m | €9.0m | ▲ 22.7% |
| Trade receivables40 | - | - | - | €7.3m | €9.0m | ▲ 22.7% |
| Cash at bank and in hand54/58 | €417,169 | €1.6m | €1.3m | €2.1m | €984,774 | ▼ 52.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.9m | €9.5m | €8.5m | €9.9m | €11.7m | ▲ 18.8% |
| Equity10/15 | €2.1m | €2.6m | €2.9m | €3.0m | €3.2m | ▲ 6.1% |
| Contributions10/11 | €350,000 | €350,000 | - | €385,000 | €385,000 | = |
| Reserves13 | €1.7m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Distributable reserves133 | - | - | - | €2.2m | €2.2m | = |
| Profit (loss) carried forward14 | €28,967 | €29,107 | €321,580 | €445,113 | €625,426 | ▲ 40.5% |
| Amounts payable17/49 | €3.8m | €6.9m | €5.6m | €6.9m | €8.5m | ▲ 24.3% |
| Amounts payable after more than one year17 | €52,760 | €13,862 | €16,726 | €1.0m | €1.0m | = |
| Financial debts170/4 | - | - | - | €1.0m | €1.0m | = |
| Amounts payable within one year42/48 | €3.8m | €6.9m | €5.6m | €5.9m | €7.5m | ▲ 28.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,454 | €12,454 | = |
| Financial debts43 | - | - | - | €4.2m | €5.8m | ▲ 40.2% |
| Credit institutions430/8 | - | - | - | €4.2m | €5.8m | ▲ 40.2% |
| Trade debts44 | €37,311 | €538,560 | €529,080 | - | €42,286 | - |
| Suppliers440/4 | - | - | - | - | €42,286 | - |
| Taxes, remuneration and social security45 | - | - | - | €555,323 | €472,457 | ▼ 14.9% |
| Taxes450/3 | - | - | - | €515,873 | €426,744 | ▼ 17.3% |
| Remuneration and social security454/9 | - | - | - | €39,450 | €45,712 | ▲ 15.9% |
| Other amounts payable47/48 | - | - | - | €1.2m | €1.2m | ▲ 3.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €748,654 | €500,140 | €292,473 | €123,533 | €180,313 | ▲ 46.0% |
| + Depreciation and write-downs630 | €36,043 | €81,114 | €77,408 | €89,386 | €107,384 | ▲ 20.1% |
| Operating cash flow (approximation) | €784,697 | €581,254 | €369,881 | €212,919 | €287,697 | ▲ 35.1% |
| Investment in fixed assets (approximation) | - | -€201,289 | -€205,507 | -€99,352 | -€8,000 | ▲ 91.9% |
| Change in cash | - | €1.2m | -€293,580 | €746,735 | -€1.1m | ▼ 244% |
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
12-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 04-02-2025
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
30-09
Financial
Weakest financial yearnet €123,533 ▼57.8%
Net result drops to €123,533, the lowest in the series.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
24-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
24-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Waregem · 2 establishment units since 2011
Ground area
1.6 ha
Building footprint
1,874 m²
Volume, LiDAR
5,302 m³
2 parcels, 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
2 establishment units
CrmConnect
since 20112.208.826.194
CrmConnect
since 20222.333.131.496
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0546/00Z003 | Flanders | 1.3 ha | 1 · 1,368 m² | - |
| 34010A0543/00S000 | Flanders | 3,101 m² | 1 · 506 m² | 11.9 m · 3 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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Laurence MONTAGNE President Rooseveltplein 5 B2,
8500 KORTRIJK |
04-02-2025 → present |
| Curator | GUY
DELABIE ENGELSE WANDELING 74, 8510 MARKE- guy.delabie@vy-
us.be |
04-02-2025 → present |
| Curator | SYLVIE FOULON BORNSTRAAT 44, 8800 ROESELARE- |
04-02-2025 → present |
Public money · subsidies and aid
Flemish government
2023 to 2024 · 3 entries · 105,000 EUR awarded · 21,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 0 EUR | 21,000 EUR |
| 2023 | 1 | 105,000 EUR | 0 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
5493004OQZRX8UW4RD25
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Of 2,129 companies in sector 46711 we hold annual accounts for 1,130. 381 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
Founded24-10-2011
Fiscal year end30-09
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46730Wholesale 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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.