DESIGN & IMMO
Open bankruptcyAre 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 Walloon Brabant
- Declared bankrupt
- 10 October 2022
- Supervising judge
- Frederic Romain
- Official Gazette
- 18-10-2022 (pdf) ↗search the document for 2022/137078
Deadlines
- Appeal or third-party opposition until
- passed on 2 November 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 9 November 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 21 November 2022Goods 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 10 October 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Eleonore WesterlinckRue De Saint Ghis- Lain 11, 1348 Louvain-La-Neuvesecretariat@westerlinck.com
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
Two 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 31-12-2021 was due by 31-07-2022 and was filed on 30-08-2022, 30 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 · 9 filingsDeviation from the deadline
2021
30 d late
2020
31 d late
2019
10 d late
2018
12 d late
2017
29 d late
2016
18 d late
2015
8 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2021 is 2 days after the deadline, and 51% 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?Process a list How is the Retail trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€57,050
2020 · €59,098
Working capital
€801▼ 97.9%
2020 · €38,109
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€30,136--€71,631€58,654-€54,113
Net result€32,688--€67,972€59,098within the sector's middle half-€57,050below the sector's middle half
Equity€116,163-€48,191▼ 58.5%€107,289within the sector's middle half▲ 123%€50,240within the sector's middle half▼ 53.2%
Total assets€356,998-€271,397▼ 24.0%€322,064within the sector's middle half▲ 18.7%€294,552within the sector's middle half▼ 8.5%
Debt€240,835-€223,206▼ 7.3%€214,775▼ 3.8%€244,313▲ 13.8%
Working capital-€7,549--€43,147▼ 472%€38,109within the sector's middle half€801within the sector's middle half▼ 97.9%
Solvency32.5%-17.8%▼ 14.8pp33.3%within the sector's middle half▲ 15.6pp17.1%within the sector's middle half▼ 16.3pp
Current ratio0.97-0.81▼ 0.161.18within the sector's middle half▲ 0.371.00within the sector's middle half▼ 0.17
Return on assets (ROA)9.2%--25.0%▼ 34.2pp18.3%above the sector's middle half▲ 43.4pp-19.4%below the sector's middle half▼ 37.7pp
Staff (FTE)1-1.5▲ 50.0%0.6below the sector's middle half▼ 60.0%1▲ 66.7%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €54,113 after €58,654 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €294,552
Fixed assets
€49,438 ▼ 28.5%
Current assets
€245,114 ▼ 3.1%
Equity and liabilities €294,552
Equity
€50,240 ▼ 53.2%
Debt
€244,313 ▲ 13.8%
Debt's share of the balance-sheet total rises from 66.7% to 82.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€26,733▼
2020 · €90,987
Cash flow
-€29,670▼
2020 · €91,430
Debt to equity
4.86
ROE
-113.6%▼
2020 · 55.1%
Interest coverage
-5.68
Debt ≤ 1 year
€244,313▲
2020 · €214,775
Income taxes
€117▲
2020 · €92
Staff costs
€33,057
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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €33,057 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,174 | €36,554 | €32,332 | €27,380 | ▼ 15.3% |
| Other operating charges640/8 | - | - | - | €8,615 | - |
| Gross operating margin9900 | €144,622 | €21,913 | €122,300 | €14,939 | ▼ 87.8% |
| Operating profit (loss)9901 | €30,136 | -€71,631 | €58,654 | -€54,113 | ▼ 192% |
| Financial income75/76B | - | - | - | €1,890 | - |
| Recurring financial income75 | €11,546 | €8,991 | €6,104 | €1,890 | ▼ 69.0% |
| Financial charges65/66B | - | - | - | €4,710 | - |
| Recurring financial charges65 | €6,530 | €4,678 | €5,569 | €4,710 | ▼ 15.4% |
| Profit (loss) for the period before taxes9903 | €35,152 | -€67,318 | €59,190 | -€56,933 | ▼ 196% |
| Income taxes67/77 | €2,464 | €654 | €92 | €117 | ▲ 27.7% |
| Profit (loss) for the period9904 | €32,688 | -€67,972 | €59,098 | -€57,050 | ▼ 197% |
| Profit (loss) for the period to be appropriated9905 | €32,688 | -€67,972 | €59,098 | -€57,050 | ▼ 197% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €356,998 | €271,397 | €322,064 | €294,552 | ▼ 8.5% |
| Fixed assets21/28 | €123,712 | €91,339 | €69,180 | €49,438 | ▼ 28.5% |
| Tangible fixed assets22/27 | €123,635 | €91,261 | €69,103 | €49,361 | ▼ 28.6% |
| Plant, machinery and equipment23 | - | - | - | €5,833 | - |
| Furniture and vehicles24 | - | - | - | €15,019 | - |
| Other tangible fixed assets26 | - | - | - | €28,509 | - |
| Financial fixed assets28 | €77 | €77 | €77 | €77 | = |
| Current assets29/58 | €233,285 | €180,058 | €252,884 | €245,114 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €201,601 | €148,251 | €157,297 | €224,377 | ▲ 42.6% |
| Trade receivables40 | - | - | - | €170,472 | - |
| Other amounts receivable41 | - | - | - | €53,905 | - |
| Cash at bank and in hand54/58 | €23,028 | €25,513 | €91,270 | €13,616 | ▼ 85.1% |
| Deferred charges and accrued income490/1 | - | - | - | €7,121 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €356,998 | €271,397 | €322,064 | €294,552 | ▼ 8.5% |
| Equity10/15 | €116,163 | €48,191 | €107,289 | €50,240 | ▼ 53.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €97,563 | €29,591 | €88,689 | €31,640 | ▼ 64.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €29,780 | - |
| Amounts payable17/49 | €240,835 | €223,206 | €214,775 | €244,313 | ▲ 13.8% |
| Amounts payable within one year42/48 | €240,835 | €223,206 | €214,775 | €244,313 | ▲ 13.8% |
| Financial debts43 | - | - | - | €4,937 | - |
| Credit institutions430/8 | - | - | - | €4,937 | - |
| Trade debts44 | €176,694 | €148,993 | €166,544 | €133,632 | ▼ 19.8% |
| Suppliers440/4 | - | - | - | €133,632 | - |
| Taxes, remuneration and social security45 | - | - | - | €27,296 | - |
| Taxes450/3 | - | - | - | €18,958 | - |
| Remuneration and social security454/9 | - | - | - | €8,338 | - |
| Other amounts payable47/48 | - | - | - | €78,449 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,688 | -€67,972 | €59,098 | -€57,050 | ▼ 197% |
| + Depreciation and write-downs630 | €45,174 | €36,554 | €32,332 | €27,380 | ▼ 15.3% |
| Operating cash flow (approximation) | €77,862 | -€31,418 | €91,430 | -€29,670 | ▼ 132% |
| Investment in fixed assets (approximation) | - | -€4,180 | -€10,174 | -€7,637 | ▲ 24.9% |
| Change in cash | - | €2,485 | €65,757 | -€77,654 | ▼ 218% |
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
2022
18-10
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 10-10-2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €59,098
Net result €59,098 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €107,289 ▲123%
Equity rises from €48,191 to €107,289.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 10 days late
2019
31-12
Financial
Weakest financial yearnet -€67,972
Net result drops to -€67,972, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 8 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 2012
Ground area
294 m²
Building footprint
96 m²
Volume, LiDAR
1,431 m³
Parcel 25112M0279/00H000, Wallonia · tallest building 15.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Chemin de Fer 5, 1300 Wavre
since 20122.216.121.782
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112M0279/00H000 | Wallonia | 294 m² | 1 · 95 m² | 15.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ELEONORE WESTERLINCK Rue De Saint Ghis- Lain 11, 1348 Louvain-La-Neuve |
10-10-2022 → present |
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Of 214 companies in this sector we hold annual accounts for 148. 115 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded28-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47527Retail 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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.