De Biertuin

Open bankruptcy

Private limited companyfounded 2016Herkenrodesingel 2, 3500 Hasselt, BelgiumKBO/BCE: BE 0648.704.722

A bankruptcy procedure is open for De Biertuin according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show equity of €86k and a net result of €-2k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Latest accounts filed on time

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-07-2024, 22 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

22 d early

2022

on the day

2021

9 d early

2020

3 d late

2019

19 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2023, micro schema

Equity

€86k▼ 2.7%

2022 · €89k

2018: €-37k 2019: €-27k 2020: €383 2021: €76k 2022: €89k

2018 → 2023

Total assets

€265k▲ 83.7%

2022 · €144k

2018: €104k 2019: €119k 2020: €102k 2021: €149k 2022: €144k

2018 → 2023

Net result

€-2k

2022 · €42k

2018: €-16k 2019: €5k 2020: €27k 2021: €75k 2022: €42k

2018 → 2023

Working capital

€-24k▼ 257%

2022 · €-7k

2018: €-79k 2019: €-78k 2020: €-41k 2021: €12k 2022: €-7k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Equity€-27k-€383€76k▲ 19,710%€89k▲ 17.2%€86k▼ 2.7%

Operating result€36k-€35k▼ 3.1%€97k▲ 177%€58k▼ 40.3%€3k▼ 95.1%

Net result€5k-€27k▲ 417%€75k▲ 178%€42k▼ 44.9%€-2k

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

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2023 is 95% below 2022 and is the lowest year so far.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €265k

41.8%

58.2%

Fixed assets €111k▲ 16.2%

Current assets €154k▲ 216%

Equity and liabilities €265k

32.6%

67.4%

Equity €86k▼ 2.7%

Debt €179k▲ 222%

The debt ratio rises from 38.5% to 67.4%: debt grows while equity shrinks.

Key figures and ratios

2023 value · change against 2022

EBITDA

€15k▼

2022 · €73k

Cash flow

€10k▼

2022 · €57k

Solvency

32.6%▼

2022 · 61.5%

Current ratio

0.87▼

2022 · 0.88

Quick ratio

0.80▲

2022 · 0.78

Debt / equity

2.07▲

2022 · 0.63

ROE

-2.7%▼

2022 · 46.8%

ROA

-0.9%▼

2022 · 28.8%

Interest coverage

3.20▼

2022 · 26.72

Debt

€179k▲

2022 · €56k

Debt ≤ 1 year

€178k▲

2022 · €56k

Income taxes

€669▼

2022 · €13k

Staff costs

€175k▲

2022 · €160k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€144k€265k▲

Fixed assets21/28€96k€111k▲

Intangible fixed assets21-€50k

Tangible fixed assets22/27€90k€56k▼

Land and buildings22€13k-

Plant, machinery and equipment23€48k€45k▼

Furniture and vehicles24€28k€11k▼

Other tangible fixed assets26€2k-

Financial fixed assets28€5k€5k=

Current assets29/58€49k€154k▲

Stocks and contracts in progress3€6k€12k▲

Stocks30/36€6k€12k▲

Amounts receivable within one year40/41€37k€30k▼

Trade receivables40€8k€27k▲

Other amounts receivable41€30k€3k▼

Cash at bank and in hand54/58€5k€110k▲

Deferred charges and accrued income490/1€852€2k▲

Equity and liabilities

Total equity and liabilities10/49€144k€265k▲

Equity10/15€89k€86k▼

Contributions10/11€11k€11k=

Reserves13€78k€78k=

Distributable reserves133€78k€78k=

Profit (loss) carried forward14-€-2k

Amounts payable17/49€56k€179k▲

Amounts payable within one year42/48€56k€178k▲

Trade debts44€13k€137k▲

Suppliers440/4€13k€137k▲

Taxes, remuneration and social security45€43k€41k▼

Taxes450/3€32k€7k▼

Remuneration and social security454/9€11k€34k▲

Other amounts payable47/48-€359

Accrued charges and deferred income492/3-€675

Income statement Code20222023

Non-recurring operating income76A-€2k

Remuneration, social security and pensions62€160k€175k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€12k▼

Other operating charges640/8€4k€5k▲

Non-recurring operating charges66A-€23k

Gross operating margin9900€238k€218k▼

Operating profit (loss)9901€58k€3k▼

Financial income75/76B€1€88▲

Recurring financial income75€1€88▲

Financial charges65/66B€3k€5k▲

Recurring financial charges65€3k€5k▲

Profit (loss) for the period before taxes9903€55k€-2k▼

Income taxes67/77€13k€669▼

Profit (loss) for the period9904€42k€-2k▼

Profit (loss) for the period to be appropriated9905€42k€-2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€42k€-2k▼

Transfer from equity791/2€29k-

Transfer to equity691/2€42k-

To other reserves6921€42k-

Profit to be distributed694/7€29k-

Return on contributions (dividend)694€29k-

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Signals 2Financial 2Filings 7

2025

05-06

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · DE BIERTUIN BV HERKENRO- DESINGEL 2, 3500 HASSELT · event 27-05-2025

2024

09-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

22-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2018net €75k ▲178%

Operating result €97k, net result €75k, both a record.

03-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 3 days late

2020

19-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 19 days late

2019

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

27-11

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 119 days late

24-01

Judicial reorganisation Opening

Ondernemingsrechtbank Antwerpen · collectif · event 21-01-2019

2018

19-12

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 141 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 directors, no change since 2023

GROEN Dirk

Director · since 29-11-2023

Current

VANDENHOECK Ilse

Director · since 29-11-2023

Current

29-11-2023 GROEN Dirk: Resigned as Director

29-11-2023 GROEN Dirk: Appointed as Director

29-11-2023 VANDENHOECK Ilse: Resigned as Director

29-11-2023 VANDENHOECK Ilse: Appointed as Director

Location & real-estate footprint

Registered office, Hasselt · 1 establishment unit since 2023

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Herkenrodesingel 23500 Hasselt

Ground area

4.0 ha

Building footprint

1.4 ha

Volume, LiDAR

79,267 m³

Parcel 71327G0687/00T000, Flanders · tallest building 20.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Lunch Garden Hasselt

Herkenrodesingel 2, 3500 HasseltFull-service restaurants

since 20232.351.530.814

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71327G0687/00T000	Flanders	4.0 ha	1 · 1.4 ha	20.7 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

2 mandates

Role	Name	Tenure
Curator	THEO MACOURS EERSELS 56, 3980 TESSENDERLO- HAM	27-05-2025 → present
Curator	SEBASTIAAN MEEUWENS EERSELS 56, 3980 TESSENDERLO-HAM-	27-05-2025 → present