CTL Services
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 14 May 2024 · trustee Joris J. De Smet · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Brussels
- Supervising judge
- Marc Geeraerts
- Official Gazette
- 22-05-2024search the document for 2024/120699
Deadlines
- Provisional date payments stopped
- 14 May 2024A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 6 June 2024That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 13 June 2024art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 19 June 2024Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 14 May 2025A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Joris J. De SmetWinston Churchill Laan 118B, 1180 Brussel 18joris@jorisjdesmet.be
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol. The trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy declared bankrupt on 14-05-2024
- Registered office
- 10 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Cafés and bars NACE 56301
- Establishment unit
- 2.298.490.323 1860 Meise, since 20-06-2019
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2021
- Gross margin
- €22,719
- ▼ 64.2%
- Turnover
- ≈ €230,000
- estimated
- Loss
- €14,209
- ▼ 42.4%
- Equity
- -€36,392
- ▼ 64.1%
- Total assets
- €74,840
- ▼ 30.7%
- Employees on 31-12-2021
- 48
Financials
Financials · financial year 2021, micro format
2021 annual accounts filed 500 days after the deadline Filed on 13 December 2023, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2023-00530630.
Annual accounts 2021 filed on 13-12-2023 PDF all 2 filings
Turnover
≈ €230,000
Estimated: probably between €120,000 and €510,000
Total assets
€74,840▼ 30.7%
2020 · €107,932
Net result
-€14,209▲ 42.4%
2020 · -€24,683
Working capital
-€82,592▼ 10.5%
2020 · -€74,728
Multi-year overview
2020 to 2021, 2 financial yearsOperating result
-€13,226
▲ 43.4%
2021
20202021
Net result
-€14,209
▲ 42.4%
2021
lowest quarter of the sector
20202021
Equity
-€36,392
▼ 64.1%
2021
lowest quarter of the sector
20202021
Total assets
€74,840
▼ 30.7%
2021
middle half of the sector
20202021
Debt
€111,232
▼ 14.5%
2021
20202021
Working capital
-€82,592
▼ 10.5%
2021
lowest quarter of the sector
20202021
Solvency
-48.6%
▼ 28.1pp
2021
lowest quarter of the sector
20202021
Current ratio
0.26
▼ 0.17
2021
lowest quarter of the sector
20202021
Return on assets (ROA)
-19.0%
▲ 3.9pp
2021
lowest quarter of the sector
20202021
Staff (FTE)
2.9
▼ 19.4%
2021
20202021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021
Operating result-€23,382--€13,226▲ 43.4%
Net result-€24,683below the sector's middle half--€14,209below the sector's middle half▲ 42.4%
Equity-€22,183below the sector's middle half--€36,392below the sector's middle half▼ 64.1%
Total assets€107,932within the sector's middle half-€74,840within the sector's middle half▼ 30.7%
Debt€130,116-€111,232▼ 14.5%
Working capital-€74,728below the sector's middle half--€82,592below the sector's middle half▼ 10.5%
Solvency-20.6%below the sector's middle half--48.6%below the sector's middle half▼ 28.1pp
Current ratio0.43below the sector's middle half-0.26below the sector's middle half▼ 0.17
Return on assets (ROA)-22.9%below the sector's middle half--19.0%below the sector's middle half▲ 3.9pp
Staff (FTE)3.6within the sector's middle half-2.9▼ 19.4%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2021 is a loss of €13,226, smaller than the loss of €23,382 in 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €74,840
Fixed assets
€46,200 ▼ 12.1%
Current assets
€28,640 ▼ 48.3%
Equity and liabilities
Equity-€36,392
Debt€111,232
Equity is negative. Debt (€111,232) exceeds the balance-sheet total (€74,840).
Key figures and ratios
EBITDA
-€7,132▲
2020 · -€14,232
Cash flow
-€8,114▲
2020 · -€15,534
Quick ratio
0.19▼
2020 · 0.35
Interest coverage
-7.26▲
2020 · -10.93
Debt ≤ 1 year
€111,232▼
2020 · €130,116
Staff costs
€27,549▼
2020 · €75,626
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2020 | 31-12-2021 |
|---|---|---|
| Employees at the balance-sheet date | - | 48 |
| full-time | - | 29 |
| part-time | - | 19 |
| in full-time equivalents | - | 34.5 |
| Average over the year, in full-time equivalents | 2.2 | 2.9 |
| On a permanent contract | - | 7 |
Source: social balance sheet in the 2020 to 2021 annual accounts
Investments
| Item | 2020 | 2021 |
|---|---|---|
| Tangible fixed assets | €944 | - |
| Intangible fixed assets | €60,000 | - |
| Financial fixed assets | €750 | - |
| Depreciation and write-downs of the year | €9,149 | €6,094 |
Source: notes to the 2020 to 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €75,626 | €27,549 | ▼ 63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,149 | €6,094 | ▼ 33.4% |
| Other operating charges640/8 | €2,072 | €2,301 | ▲ 11.1% |
| Gross operating margin9900 | €63,466 | €22,719 | ▼ 64.2% |
| Operating profit (loss)9901 | -€23,382 | -€13,226 | ▲ 43.4% |
| Financial charges65/66B | €1,302 | €983 | ▼ 24.5% |
| Recurring financial charges65 | €1,302 | €983 | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | -€24,683 | -€14,209 | ▲ 42.4% |
| Profit (loss) for the period9904 | -€24,683 | -€14,209 | ▲ 42.4% |
| Profit (loss) for the period to be appropriated9905 | -€24,683 | -€14,209 | ▲ 42.4% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €107,932 | €74,840 | ▼ 30.7% |
| Fixed assets21/28 | €52,544 | €46,200 | ▼ 12.1% |
| Intangible fixed assets21 | €51,000 | €45,000 | ▼ 11.8% |
| Tangible fixed assets22/27 | €794 | €700 | ▼ 11.9% |
| Furniture and vehicles24 | €794 | €700 | ▼ 11.9% |
| Financial fixed assets28 | €750 | €500 | ▼ 33.3% |
| Current assets29/58 | €55,388 | €28,640 | ▼ 48.3% |
| Stocks and contracts in progress3 | €10,206 | €7,715 | ▼ 24.4% |
| Stocks30/36 | €10,206 | €7,715 | ▼ 24.4% |
| Amounts receivable within one year40/41 | €8,250 | €10,451 | ▲ 26.7% |
| Other amounts receivable41 | €8,250 | €10,451 | ▲ 26.7% |
| Current investments50/53 | - | €350 | - |
| Cash at bank and in hand54/58 | €36,932 | €10,125 | ▼ 72.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €107,932 | €74,840 | ▼ 30.7% |
| Equity10/15 | -€22,183 | -€36,392 | ▼ 64.1% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Capital10 | €2,500 | €2,500 | = |
| Issued capital100 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€24,683 | -€38,892 | ▼ 57.6% |
| Amounts payable17/49 | €130,116 | €111,232 | ▼ 14.5% |
| Amounts payable within one year42/48 | €130,116 | €111,232 | ▼ 14.5% |
| Trade debts44 | €48,983 | €49,207 | ▲ 0.5% |
| Suppliers440/4 | €48,983 | €49,207 | ▲ 0.5% |
| Taxes, remuneration and social security45 | €21,659 | €30,212 | ▲ 39.5% |
| Taxes450/3 | €19,836 | €29,087 | ▲ 46.6% |
| Remuneration and social security454/9 | €1,823 | €1,126 | ▼ 38.2% |
| Other amounts payable47/48 | €59,474 | €31,813 | ▼ 46.5% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€24,683 | -€14,209 | ▲ 42.4% |
| + Depreciation and write-downs630 | €9,149 | €6,094 | ▼ 33.4% |
| Operating cash flow (approximation) | -€15,534 | -€8,114 | ▲ 47.8% |
| Investment in fixed assets (approximation) | - | €250 | - |
| Change in cash | - | -€26,807 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director
STORME BRUNO FERNAND
Current
Director · listed in the 2021 annual accounts, filed on 13-12-2023
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Joris J. De Smet Winston Churchill Laan 118B, 1180 Brussel 18 |
14-05-2024 → present |
Owners and capital
Owners
Network & group
CTL Services shares no director with another company.
Companies at the same address
9 other companies- ALLTIMEC Registered office · since 2024 1010854618
- GELIANMA INVEST Registered office · since 2019 0737642735
- BS Cars & Vans Registered office · since 2017 0676642504
- AIR DUCTING MANUFACTURING STORME BELGIUM Registered office · since 2013 0534721012
- TIMEC ENGINEERING Registered office · since 2012 0849046344
- V3SG Engineering Registered office · since 2009 0820635242
- Van Cauwenberge, Christel (sole trader) Establishment · since 2006 0881573018
- L.T.B. STORME Registered office · since 1994 0453807075
- Vereniging van mede-eigenaars "Residentie VALKENDAL 12", Valkendal 12 te 1853 Strombeek-Bever, Registered office · since 1991 1021547976
Connections & network
1 current directorThe network starts from the directors of CTL Services. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
2024
22-05
Bankruptcy
Bankruptcy declared
Enterprise Court of Brussels · judgment of 14-05-2024
2023
2019
24-06
2 publications in the Belgian Official Gazette, the last on 12-11-2020
SignalGazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2021
- Legal form
- Private limited company
- Active since
- 20 June 2019
Register details
Identity
Name
CTL Services in Dutch
Enterprise number
0728.690.031
Entity type
Legal entity
Registered office and establishments
Registered office
Valkendal 12, 1853 Grimbergen, Belgium
Establishment unit
Het Eiland, Kardinaal Sterckxlaan 70, 1860 Meise since 20-06-2019 · unit number 2.298.490.323
Activities
NACEBEL 202556301
Cafés and bars main activity
Codes under NACEBEL 2008
56301
Cafés and bars main activity
Invoicing and payment
VAT number
BE 0728.690.031
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
534 m²
Building footprint
249 m²
Building volume
2,122 m³
Tallest building: 13.8 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23084A0479/00W008 | Flanders | 273 m² | 1 · 86 m² | 13.8 m · 4 |
| 23093G0267/00E000 | Flanders | 260 m² | 1 · 162 m² | 10.9 m · 2 |