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DAVY DE VAREZ

Inactive
KBO/BCE: BE 0879.152.471

DAVY DE VAREZ was declared bankrupt on 22-12-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 24-02-2026, published in the Belgian State Gazette on 27-02-2026.

Summary

Inactive; last annual accounts for fiscal year 2018.

Watch Report
DAVY DE VAREZInactive
Report

Signals

Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
31-12-2019 close31-07-2020 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 24-07-2019, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2022
not filed
2021
not filed
2020
not filed
2019
not filed
2018
7 d early
2017
9 d late
2016
360 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 121 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were 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

DAVY DE VAREZ has filed 12 sets of annual accounts, the latest for fiscal year 2018.1 The company was declared bankrupt on 22 December 2023; the bankruptcy was closed on 24 February 2026.23

  1. 1National Bank, annual accounts 2018
  2. 2Belgian State Gazette, 28-12-2023
  3. 3Belgian State Gazette, 27-02-2026

Financials · fiscal year 2018, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€48,834
Total assets
€94,263
Net result
€20,035
Working capital
€48,834

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €94,467
Fixed assets €203
Current assets €94,263
Equity and liabilities €94,263
Equity €48,834
Debt €45,430
Debt finances 48.2% of the balance-sheet total.
Key figures and ratios
2018 value
EBITDA
€25,335
Cash flow
€20,970
Current ratio
2.07
ROE
41.0%
ROA
21.3%
Debt ≤ 1 year
€45,430
Income taxes
€9,296
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 29 lines
Balance sheet Code2018
Assets
Total assets20/58€94,263
Formation expenses20€0
Fixed assets21/28€203
Intangible fixed assets21€0
Tangible fixed assets22/27€203
Financial fixed assets28€0
Current assets29/58€94,263
Stocks and contracts in progress3€0
Amounts receivable within one year40/41€94,263
Current investments50/53€0
Cash at bank and in hand54/58€0
Equity and liabilities
Total equity and liabilities10/49€94,263
Equity10/15€48,834
Contributions10/11€6,200
Reserves13€42,634
Profit (loss) carried forward14€0
Amounts payable17/49€45,430
Amounts payable within one year42/48€45,430
Trade debts44€10,706
Income statement Code2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€935
Gross operating margin9900€28,015
Operating profit (loss)9901€24,400
Recurring financial income75€5,696
Recurring financial charges65€1,224
Profit (loss) for the period before taxes9903€29,331
Income taxes67/77€9,296
Profit (loss) for the period9904€20,035
Profit (loss) for the period to be appropriated9905€20,035
Appropriation of the result
Return on contributions (dividend)694€0
Line2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€935
Gross operating margin9900€28,015
Operating profit (loss)9901€24,400
Recurring financial income75€5,696
Recurring financial charges65€1,224
Profit (loss) for the period before taxes9903€29,331
Income taxes67/77€9,296
Profit (loss) for the period9904€20,035
Profit (loss) for the period to be appropriated9905€20,035
Line2018
Assets
Total assets20/58€94,263
Formation expenses20€0
Fixed assets21/28€203
Intangible fixed assets21€0
Tangible fixed assets22/27€203
Financial fixed assets28€0
Current assets29/58€94,263
Stocks and contracts in progress3€0
Amounts receivable within one year40/41€94,263
Current investments50/53€0
Cash at bank and in hand54/58€0
Equity and liabilities
Total equity and liabilities10/49€94,263
Equity10/15€48,834
Contributions10/11€6,200
Reserves13€42,634
Profit (loss) carried forward14€0
Amounts payable17/49€45,430
Amounts payable within one year42/48€45,430
Trade debts44€10,706
Line2018
Profit (loss) for the period9904€20,035
+ Depreciation and write-downs630€935
Operating cash flow (approximation)€20,970

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

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Timeline · acts, filings and financial milestones

2026
27-02
Bankruptcy Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 24-02-2026
2023
28-12
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 22-12-2023
2019
24-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
09-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
26-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 360 days late
2017
27-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 331 days late
2015
30-07
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-07
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
23-07
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
12-07
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
25-07
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
30-07
NBB filing Annual accounts filed
fiscal year 2009 · abbreviated schema
SignalNBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not 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 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint

Insolvency mandates

1 mandate
Role Name Tenure
Curator HEIDI DE CAUWER
Houten Schoen 14, 9100 Sint- Niklaas
 22-12-2023 → 24-02-2026

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