Equity
-€593,248 from €77,779 in 2023
Equity fell below zero in 2024.
D-ELEMENTS
Overview
Information for creditors
Enterprise Court of Leuven · Official Gazette of 28-01-2026Appeal or third-party opposition 12-02-2026Filing the claim in RegSol 21-02-2026First verification report 03-03-2026Late claim until 22-01-2027
- Jacques Arnauts-Smeetstrusteejacques@rubiconlaw.be
- Gunther Peeterstrusteegunther@rubiconlaw.be
Steps, deadlines and articles of law
The procedure
- Supervising judge
- Johnny Verhaegen
- Official Gazette
- 28-01-2026search the document for 2026/103510
Deadlines
- Provisional date payments stopped
- 22 January 2026A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition
- passed on 12 February 2026art. XX.108, Code of Economic Law
- Filing the claim in RegSol
- passed on 21 February 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 3 March 2026art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- 22 January 2027A 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
Trustees
- Jacques Arnauts-SmeetsHerseltse- Steenweg 5, 3200 Aarschotjacques@rubiconlaw.be
- Gunther PeetersHerseltsesteenweg 5, 3200 Aarschotgunther@rubiconlaw.be
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- The ordinary term has passed. File a late claim in RegSol (regsol.be) until 22 January 2027, yourself with eID or itsme, or through your lawyer. It shares only in what has not yet been paid out, and you bear the costs.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
- Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
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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Lifetime
5 annual accounts with figures on one time axispeak €104,955 (2022)
-€329,581▼ €386,847
lowest -€671,027 (2024)
-€671,027▼ €679,704
peak €77,779 (2023)
-€593,248▼ €671,027
€1.7m▼ 28.7%
peak 4 FTE (2024)
4 FTE
Board1 name since 2020
-
Documentsfilings and deeds
23-09-202554 days late
2024abbreviated format
Gross margin from €57,266 to -€329,581Loss of €671,027Equity from €77,779 to -€593,248Debts from €2.5m to €1.7mCash from €36,166 to €45
Key points
from the 2024 annual accounts, the last ones filedResult
-€671,027 -€671,027
From profit to loss in 2024, after a profit of €8,677 in 2023.
Debts
€1.7m 151% of the balance sheet
Financial debts 4%Suppliers 76%Taxes and wages 8%Other 12%
Of this, €1.7m falls due within a year.
Liquidity
0.55 was 0.96 in 2023
Short-term debts fell from €2.3m to €1.7m.
Filings
5 annual accounts 5 late
The 2022 accounts came latest: 61 days after the end of the period.
Lifetime
5 years from 2020 to 2026
No score
Recent changes
Bankruptcy published
Enterprise Court of Leuven · judgment of 22-01-2026 · Bankruptcy
Registered office moved to Tervuren
New registered office: Sterrebeeklaan 68, 3080 Tervuren · Resignation: UTOPIA HOLDING (director) · Permanent representative: Ayoub EL MOUKHTARI · General meeting of 31-12-2024 · Gazette deed
Incorporation
2 publications in the Belgian Official Gazette, the last on 22-04-2025 · published on 06-03-2020 · Gazette deed
First establishment
Leuvensesteenweg 323A, Zaventem
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 22-01-2026
- Activity
- Other construction installationNACE 43240and 3 others
- Establishment unit
- 2.301.327.9681932 Zaventem, since 04-03-2020
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2024
- -€329,581
- €671,027
- -€593,248
- €1.2m▼ 54.3%
- Employeeson 31-12-2024
- 5
- Filing
- Filed on 23-09-2025
Insights on D-ELEMENTS
Equity fell from €77,779 in 2023 to -€593,248 in 2024.
On 22 January 2026 the court declared D-ELEMENTS bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
abbreviated format, filed on 23-09-2025, 54 days late-€329,581
▼ €386,847
-€489,665
▼ €496,887
-€671,027
▼ €679,704
-€765,108
▼ €675,204
-51.3%
▼ 54.4 percentage points
0.55
▼ 0.41
Turnover: not included in this filing.
Balance sheet
balance sheet total €1.2m on 31-12-2024What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-51.3%
Lower than 95% of 7,410 companies in 2024.
0.55
Lower than 95% of 7,349 companies in 2024.
-58.0%
Lower than 95% of 7,380 companies in 2024.
D-ELEMENTS
Middle half of the sector
80% of the sector
Abbreviated accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff
€27,089
Staff costs divided by the average number of full-time equivalents.
+5 people
people who joined
people who left
In 2024, 6 people joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
1.2m | 2.5m | 1.8m | 1.3m | 873,055 | |
21/28 |
229,349 | 277,842 | 317,503 | 364,451 | 408,978 | |
21 |
30,079 | 36,068 | 42,056 | 48,044 | 54,032 | |
22/27 |
199,270 | 241,774 | 275,084 | 316,044 | 354,583 | |
23 |
638 | 1,123 | 1,504 | 2,218 | 2,385 | |
24 |
4,160 | 7,465 | 1,678 | 3,209 | 2,865 | |
26 |
194,471 | 233,187 | 271,902 | 310,617 | 349,333 | |
28 |
- | - | 363 | 363 | 363 | |
29/58 |
927,253 | 2.3m | 1.5m | 981,977 | 464,077 | |
29 |
62,576 | 76,668 | 105,328 | 37,524 | 50,375 | |
291 |
62,576 | 76,668 | 105,328 | 37,524 | 50,375 | |
3 |
- | 60,752 | 180,752 | 92,584 | - | |
30/36 |
- | 60,752 | 180,752 | 92,584 | - | |
40/41 |
863,788 | 2.1m | 1.2m | 849,650 | 404,943 | |
40 |
688,934 | 1.9m | 919,116 | 677,879 | 365,131 | |
41 |
174,853 | 139,841 | 304,942 | 171,771 | 39,812 | |
54/58 |
45 | 36,166 | 6,815 | 2,219 | 8,451 | |
490/1 |
844 | 1,935 | 376 | - | 308 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
1.2m | 2.5m | 1.8m | 1.3m | 873,055 | |
10/15 |
-593,248 | 77,779 | 69,103 | 33,798 | 13,647 | |
10/11 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | |
14 |
-595,748 | 75,279 | 66,603 | 31,298 | 11,147 | |
17/49 |
1.7m | 2.5m | 1.8m | 1.3m | 859,408 | |
17 |
57,488 | 110,158 | 185,091 | 258,177 | 329,460 | |
170/4 |
57,488 | 110,158 | 185,091 | 258,177 | 329,460 | |
42/48 |
1.7m | 2.3m | 1.6m | 1.1m | 523,655 | |
42 |
52,669 | 81,094 | 79,094 | 77,143 | 75,240 | |
43 |
13,254 | - | - | - | - | |
430/8 |
13,254 | - | - | - | - | |
44 |
1.3m | 1.8m | 1.3m | 776,496 | 361,025 | |
440/4 |
1.3m | 1.8m | 1.3m | 776,496 | 361,025 | |
46 |
149,651 | 488,113 | 200,340 | 190,399 | 77,796 | |
45 |
137,884 | 3,279 | 12,822 | 9,658 | 7,180 | |
450/3 |
100,461 | 3,130 | 12,673 | 8,692 | 1,616 | |
454/9 |
37,423 | 149 | 149 | 966 | 5,564 | |
47/48 |
5,735 | 312 | 396 | 58 | 2,413 | |
492/3 |
- | - | - | 699 | 6,294 | |
| Income statement | ||||||
9900 |
-329,581 | 57,266 | 104,955 | 84,421 | 79,044 | |
62 |
108,358 | - | -786 | 5,614 | 11,572 | |
630 |
48,845 | 49,125 | 46,948 | 46,712 | 45,384 | |
640/8 |
2,881 | 920 | 929 | 1,546 | 312 | |
9901 |
-489,665 | 7,222 | 57,864 | 30,548 | 21,776 | |
75/76B |
1,102 | 2,363 | 1,804 | 650 | 376 | |
75 |
1,102 | 2,363 | 1,804 | 650 | 376 | |
65/66B |
7,399 | 10,525 | 11,691 | 11,047 | 9,989 | |
65 |
7,399 | 10,525 | 11,691 | 11,047 | 9,989 | |
9903 |
-495,962 | -941 | 47,978 | 20,151 | 12,163 | |
67/77 |
175,065 | -9,618 | 12,673 | - | 1,016 | |
9904 |
-671,027 | 8,677 | 35,304 | 20,151 | 11,147 | |
9905 |
-671,027 | 8,677 | 35,304 | 20,151 | 11,147 | |
| Appropriation of the result | ||||||
9906 |
-595,748 | 75,279 | 66,603 | 31,298 | 11,147 | |
14P |
75,279 | 66,603 | 31,298 | 11,147 | - | |
| Social balance sheet | ||||||
9087 |
4 | - | - | - | 0.7 | |
Hours worked1013 |
4,443 | - | - | - | - | |
| Document | ||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 23-09-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2024 annual accounts filed 54 days after the deadline. Filed on 23 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00523003.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 23-09-2025 | 2025-00523003 | |
| 31-12-2023 | full format | 18-09-2024 | 2024-00467399 | |
| 31-12-2022 | micro format | 30-09-2023 | 2023-00463902 | |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20447097 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65600033 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| -440,819 | 56,347 | 104,812 | 77,260 | 67,160 | ||
| -622,181 | 57,801 | 82,253 | 66,863 | 56,531 | ||
| 353 | 9,826 | 0 | 2,185 | 454,362 | ||
| -36,120 | 29,350 | 4,596 | -6,232 | - | ||
| -765,108 | -89,905 | -63,309 | -71,778 | -59,578 | ||
| -51.3% | 3.1% | 3.8% | 2.5% | 1.6% | ||
| 0.55 | 0.96 | 0.96 | 0.93 | 0.89 | ||
| 0.55 | 0.94 | 0.85 | 0.84 | 0.89 | ||
| - | 31.54 | 25.55 | 38.84 | 62.97 | ||
| - | 11.2% | 51.1% | 59.6% | 81.7% | ||
| -58.0% | 0.3% | 1.9% | 1.5% | 1.3% | ||
| -59.58 | 5.35 | 8.97 | 6.99 | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 5 |
| full-time | 5 |
| in full-time equivalents | 5 |
| 4 | |
| On a permanent contract | 5 |
| Joined | 6 |
| Left | 1 |
Source: social balance sheet in the 2024 annual accounts
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €353 | €9,826 | - | €2,185 |
| €48,845 | €49,125 | €46,948 | €46,712 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on D-ELEMENTS
The operating result for 2024 is a loss of €489,665, after a profit of €7,222 in 2023. It is the lowest result since 2020.
Equity is negative. Debt (€1.7m) exceeds the balance-sheet total (€1.2m).
Board & ownership
Curators
the curators have managed the company since 22-01-2026Mandates through the years
1 name, the dashed line is todayUTOPIA HOLDING
Board
Board
EarlierBankruptcy 22-01-2026
Mandates as a list
- UTOPIA HOLDING
- Board, from 04-03-2020 to 31-12-2024
Control
Capital
- Contribution
- €2,500
- Source
- 2024 annual accounts
Timeline
Timeline
11 events since 2020Board
Filings
Financial
Establishments
Insolvency
Address
2020202220242026
2026
Bankruptcy published Enterprise Court of Leuven · judgment of 22-01-2026
2025
Annual accounts 2024 filed PDFabbreviated format · 54 days late
Registered office moved to TervurenNew registered office: Sterrebeeklaan 68, 3080 Tervuren · Resignation: UTOPIA HOLDING (director) · Permanent representative: Ayoub EL MOUKHTARI · General meeting of 31-12-20245 points ▸
- General meeting, 31-12-2024
- Registered-office move, Sterrebeeklaan 68, 3080 Tervuren
- Director resignation, UTOPIA HOLDING
- Director discharge, Ayoub EL MOUKHTARI
- Permanent representative, Ayoub EL MOUKHTARI
- The deed holds 1 more point.
2024
Weakest financial year net -€671,027 The net result drops to -€671,027, the lowest from 2020 to 2024.
Annual accounts 2023 filed PDFfull format · 49 days late
2023
Annual accounts 2022 filed PDFmicro format · 61 days late
2022
Highest result from 2020 to 2024 net €35,304 ▲75.2% The operating result of €57,864 and the net result of €35,304 are both a record.
Annual accounts 2021 filed PDFmicro format · 60 days late
2021
Annual accounts 2020 filed PDFmicro format · 31 days late
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0744.712.748
- VAT number
- BE 0744.712.748
- Legal form
- Private limited company
- Status
- In bankruptcy, since 22-01-2026
- Founded
- 04-03-2020
- Financial year
- ends on 31 December
- Website
- www.delements.be
- Peppol
- Not found in the Peppol Directory
- Name
- D-ELEMENTS in Dutch
- Entity type
- Legal entity
Activities
NACEBEL 202543240
Other construction installation main activity
73110
Advertising agencies
Codes under NACEBEL 2008
43299
Specialised construction activities main activity
41201
General construction of buildings
43999
Specialised construction activities
73110
Advertising, market research and public relations activities
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Sterrebeeklaan 68 registered office 3080 Tervuren | ||
| Leuvensesteenweg 323A 1932 Zaventem | 04-03-2020 | 2.301.327.968 |
Buildings and parcels at the addresses
- Ground area
- 8,012 m²
- Buildings
- 2,381 m²
- Volume, LiDAR
- 21,945 m³
- Tallest building
- 14.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23078A0288/00D000 | 5,933 m² | 1 · 1,962 m² | 14.6 m · 3 |
| 24104B0030/00V000 | 2,079 m² | 1 · 419 m² | 14.5 m · 2 |
Contact
E-mail
info@delements.be