DG 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 Ghent, Ghent division
- Declared bankrupt
- 28 January 2025
- Supervising judge
- Stefaan Vandenberghe
- Official Gazette
- 03-02-2025 (pdf) ↗search the document for 2025/104358
Deadlines
- Provisional date payments stopped
- 20 January 2025Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 18 February 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 27 February 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 4 March 2025Goods 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 28 January 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Laurence CaraminHofkouterstraat 5, 9890 Gaverelaurence@vancuyck.be
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
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline01-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 02-01-2024, 520 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2022
not filed
2021
520 d late
2020
61 d late
2019
69 d late
2018
168 d late
2017
220 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 208 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
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 Are there other customers at risk in your own list?Process a list
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
-€74,803▼ 44.7%
2020 · -€51,700
Total assets
€177,577▲ 12.6%
2020 · €157,743
Net result
-€23,103▲ 66.0%
2020 · -€68,002
Working capital
-€75,079▼ 43.7%
2020 · -€52,251
Trend over the years
In euros
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€769-€10,600▲ 1,278%-€67,479-€21,242▲ 68.5%
Net result€468-€6,989▲ 1,392%-€68,002-€23,103▲ 66.0%
Equity€9,313-€16,302▲ 75.0%-€51,700-€74,803▼ 44.7%
Total assets€193,525-€330,727▲ 70.9%€157,743▼ 52.3%€177,577▲ 12.6%
Debt€184,212-€314,425▲ 70.7%€209,443▼ 33.4%€252,380▲ 20.5%
Working capital€8,211-€15,475▲ 88.5%-€52,251-€75,079▼ 43.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21,242 in 2021 against €67,479 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €177,577
Fixed assets
€276 ▼ 50.0%
Current assets
€177,301 ▲ 12.8%
Equity and liabilities
Equity-€74,803
Debt€252,380
Equity is negative: debt (€252,380) exceeds the balance-sheet total (€177,577).
Key figures and ratios
EBITDA
-€20,967▲
2020 · -€67,204
Cash flow
-€22,828▲
2020 · -€67,726
Solvency
-42.1%▼
2020 · -32.8%
Current ratio
0.70▼
2020 · 0.75
ROA
-13.0%▲
2020 · -43.1%
Interest coverage
-10.70
Debt ≤ 1 year
€252,380▲
2020 · €209,443
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €276 | €276 | €276 | €276 | = |
| Other operating charges640/8 | - | - | - | €3,535 | - |
| Gross operating margin9900 | €2,268 | €14,258 | -€66,317 | -€17,432 | ▲ 73.7% |
| Operating profit (loss)9901 | €769 | €10,600 | -€67,479 | -€21,242 | ▲ 68.5% |
| Financial income75/76B | - | - | - | €99 | - |
| Recurring financial income75 | €905 | €93 | €63 | €99 | ▲ 56.4% |
| Financial charges65/66B | - | - | - | €1,960 | - |
| Recurring financial charges65 | €589 | €984 | €586 | €1,960 | ▲ 235% |
| Profit (loss) for the period before taxes9903 | €1,085 | €9,709 | -€68,002 | -€23,103 | ▲ 66.0% |
| Income taxes67/77 | €617 | €2,721 | - | - | - |
| Profit (loss) for the period9904 | €468 | €6,989 | -€68,002 | -€23,103 | ▲ 66.0% |
| Profit (loss) for the period to be appropriated9905 | €468 | €6,989 | -€68,002 | -€23,103 | ▲ 66.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €193,525 | €330,727 | €157,743 | €177,577 | ▲ 12.6% |
| Fixed assets21/28 | €1,102 | €827 | €551 | €276 | ▼ 50.0% |
| Tangible fixed assets22/27 | €1,102 | €827 | €551 | €276 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | - | - | €276 | - |
| Current assets29/58 | €192,422 | €329,900 | €157,192 | €177,301 | ▲ 12.8% |
| Amounts receivable within one year40/41 | €188,816 | €329,068 | €157,146 | €177,169 | ▲ 12.7% |
| Trade receivables40 | - | - | - | €142,987 | - |
| Other amounts receivable41 | - | - | - | €34,181 | - |
| Cash at bank and in hand54/58 | €3,607 | €832 | €46 | €132 | ▲ 189% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €193,525 | €330,727 | €157,743 | €177,577 | ▲ 12.6% |
| Equity10/15 | €9,313 | €16,302 | -€51,700 | -€74,803 | ▼ 44.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Non-distributable reserves130/1 | - | - | - | €2,500 | - |
| Reserves not available under the articles1311 | - | - | - | €2,500 | - |
| Profit (loss) carried forward14 | €613 | €7,602 | -€60,400 | -€83,503 | ▼ 38.3% |
| Amounts payable17/49 | €184,212 | €314,425 | €209,443 | €252,380 | ▲ 20.5% |
| Amounts payable within one year42/48 | €184,212 | €314,425 | €209,443 | €252,380 | ▲ 20.5% |
| Trade debts44 | €48,762 | €118,437 | €102,335 | €69,288 | ▼ 32.3% |
| Suppliers440/4 | - | - | - | €69,288 | - |
| Advances received on contracts in progress46 | - | - | - | €146,552 | - |
| Taxes, remuneration and social security45 | - | - | - | €36,540 | - |
| Taxes450/3 | - | - | - | €36,540 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €468 | €6,989 | -€68,002 | -€23,103 | ▲ 66.0% |
| + Depreciation and write-downs630 | €276 | €276 | €276 | €276 | = |
| Operating cash flow (approximation) | €744 | €7,264 | -€67,726 | -€22,828 | ▲ 66.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€2,775 | -€786 | €87 | ▲ 111% |
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
2025
03-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 28-01-2025
2024
09-08
KBO administration
Address struck
event 23-04-2024
26-07
Bankruptcy
Judicial dissolution and immediate closure
Ondernemingsrechtbank Gent, afdeling Gent · event 23-07-2024
02-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 520 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet -€68,002
Net result drops to -€68,002, the lowest in the series.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 168 days late
2019
31-12
Financial
Highest result since 2018net €6,989 ▲1,392%
Operating result €10,600, net result €6,989, both a record.
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 220 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LAURENCE CARAMIN Hofkouterstraat 5, 9890 Gavere |
28-01-2025 → present |
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Company details
Identification
Legal formBV
Fiscal year end31-12
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.