Diffusion Stan
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 30 June 2025
- Supervising judge
- Michele Vrebos
- Official Gazette
- 04-07-2025 (pdf) ↗search the document for 2025/129636
Deadlines
- Appeal or third-party opposition until
- passed on 19 July 2025Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 30 July 2025art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 6 August 2025Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 30 June 2026A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Francoise Hanssens-EnschAvenue Louise 349 Bte 17, 1050 Fr Bruxelles 5law@ensch.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Activity not known1 site
Size
€60,554total assets 2023
- Equity
- -€45,298
- Loss
- -€14,543
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
1 of 4 deeds read
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 04-12-2023, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
not filed
2023
58 days early
2022
6 days early
2021
52 days early
2020
2 days early
2019
52 days early
2018
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- OpeningFrench-language Enterprise Court of Brussels…
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2023, micro format
Equity
-€45,298▼ 47.3%
2022 · -€30,756
Total assets
€60,554▼ 3.9%
2022 · €62,982
Net result
-€14,543▼ 42.5%
2022 · -€10,209
Working capital
-€45,974▼ 45.2%
2022 · -€31,663
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result stays negative: a loss of €11,819 in 2023 against €7,572 in 2022; the loss grows and 2023 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€11,819
2023
Net result-€14,543
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€60,554
2023
Equity-€45,298
2023
Debt€105,853
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€45,974
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€5,733--€8,113-€3,495▲ 56.9%-€7,572▼ 117%-€11,819▼ 56.1%
Net result€2,135--€9,820-€5,477▲ 44.2%-€10,209▼ 86.4%-€14,543▼ 42.5%
Equity-€5,250--€15,070▼ 187%-€20,547▼ 36.3%-€30,756▼ 49.7%-€45,298▼ 47.3%
Total assets€55,723-€53,761▼ 3.5%€53,392▼ 0.7%€62,982▲ 18.0%€60,554▼ 3.9%
Debt€60,973-€68,831▲ 12.9%€73,939▲ 7.4%€93,737▲ 26.8%€105,853▲ 12.9%
Working capital-€6,959--€16,442▼ 136%-€21,687▼ 31.9%-€31,663▼ 46.0%-€45,974▼ 45.2%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €60,554
Fixed assets
€675 ▼ 25.6%
Current assets
€59,879 ▼ 3.5%
Equity and liabilities
Equity-€45,298
Debt€105,853
Equity is negative: debt (€105,853) exceeds the balance-sheet total (€60,554).
Key figures and ratios
EBITDA
-€11,587▼
2022 · -€7,340
Cash flow
-€14,310▼
2022 · -€9,976
Solvency
-74.8%▼
2022 · -48.8%
Current ratio
0.57▼
2022 · 0.66
Quick ratio
0.08▼
2022 · 0.19
ROA
-24.0%▼
2022 · -16.2%
Interest coverage
-4.25▼
2022 · -2.78
Debt ≤ 1 year
€105,853▲
2022 · €93,737
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 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,200 | €336 | €232 | €232 | €232 | = |
| Other operating charges640/8 | - | - | - | €348 | €684 | ▲ 96.7% |
| Gross operating margin9900 | €10,713 | -€7,719 | -€2,671 | -€6,992 | -€10,903 | ▼ 55.9% |
| Operating profit (loss)9901 | €5,733 | -€8,113 | -€3,495 | -€7,572 | -€11,819 | ▼ 56.1% |
| Financial income75/76B | - | - | - | - | €2 | - |
| Recurring financial income75 | €25 | €35 | €170 | - | €2 | - |
| Financial charges65/66B | - | - | - | €2,637 | €2,726 | ▲ 3.4% |
| Recurring financial charges65 | €1,593 | €1,742 | €2,151 | €2,637 | €2,726 | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | €4,165 | -€9,820 | -€5,477 | -€10,209 | -€14,543 | ▼ 42.5% |
| Income taxes67/77 | €2,030 | - | - | - | - | - |
| Profit (loss) for the period9904 | €2,135 | -€9,820 | -€5,477 | -€10,209 | -€14,543 | ▼ 42.5% |
| Profit (loss) for the period to be appropriated9905 | €2,135 | -€9,820 | -€5,477 | -€10,209 | -€14,543 | ▼ 42.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,723 | €53,761 | €53,392 | €62,982 | €60,554 | ▼ 3.9% |
| Fixed assets21/28 | €1,708 | €1,372 | €1,140 | €908 | €675 | ▼ 25.6% |
| Tangible fixed assets22/27 | €1,564 | €1,228 | €996 | €764 | €531 | ▼ 30.4% |
| Plant, machinery and equipment23 | - | - | - | €764 | €531 | ▼ 30.4% |
| Financial fixed assets28 | €144 | €144 | €144 | €144 | €144 | = |
| Current assets29/58 | €54,014 | €52,389 | €52,252 | €62,074 | €59,879 | ▼ 3.5% |
| Stocks and contracts in progress3 | €46,314 | €48,070 | €48,913 | €44,275 | €51,592 | ▲ 16.5% |
| Stocks30/36 | - | - | - | €44,275 | €51,592 | ▲ 16.5% |
| Amounts receivable within one year40/41 | €4,784 | €1,839 | €710 | €15,462 | €6,399 | ▼ 58.6% |
| Trade receivables40 | - | - | - | €15,450 | €6,330 | ▼ 59.0% |
| Other amounts receivable41 | - | - | - | €11 | €69 | ▲ 508% |
| Cash at bank and in hand54/58 | €1,660 | €2,480 | €2,401 | €1,547 | €1,577 | ▲ 1.9% |
| Deferred charges and accrued income490/1 | - | - | - | €790 | €311 | ▼ 60.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,723 | €53,761 | €53,392 | €62,982 | €60,554 | ▼ 3.9% |
| Equity10/15 | -€5,250 | -€15,070 | -€20,547 | -€30,756 | -€45,298 | ▼ 47.3% |
| Contributions10/11 | €19,000 | - | - | €19,000 | €19,000 | = |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | - | - | - | €620 | €620 | = |
| Reserves not available under the articles1311 | - | - | - | €620 | €620 | = |
| Profit (loss) carried forward14 | -€24,870 | -€34,690 | -€40,167 | -€50,375 | -€64,918 | ▼ 28.9% |
| Amounts payable17/49 | €60,973 | €68,831 | €73,939 | €93,737 | €105,853 | ▲ 12.9% |
| Amounts payable within one year42/48 | €60,973 | €68,831 | €73,939 | €93,737 | €105,853 | ▲ 12.9% |
| Financial debts43 | - | - | - | €25,000 | €25,000 | = |
| Credit institutions430/8 | - | - | - | €25,000 | €25,000 | = |
| Trade debts44 | €7,593 | €9,839 | €9,980 | €1,394 | €7,190 | ▲ 416% |
| Suppliers440/4 | - | - | - | €1,394 | €7,190 | ▲ 416% |
| Taxes, remuneration and social security45 | - | - | - | €2,780 | €877 | ▼ 68.5% |
| Taxes450/3 | - | - | - | €2,780 | €877 | ▼ 68.5% |
| Other amounts payable47/48 | - | - | - | €64,563 | €72,786 | ▲ 12.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,135 | -€9,820 | -€5,477 | -€10,209 | -€14,543 | ▼ 42.5% |
| + Depreciation and write-downs630 | €4,200 | €336 | €232 | €232 | €232 | = |
| Operating cash flow (approximation) | €6,335 | -€9,484 | -€5,245 | -€9,976 | -€14,310 | ▼ 43.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €820 | -€79 | -€854 | €30 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 46 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2023 | micro format | 04-12-2023 | 2023-00522398 |
| 30-06-2022 | micro format | 25-01-2023 | 2023-00005336 |
| 30-06-2021 | micro format | 10-12-2021 | 2021-80100411 |
| 30-06-2020 | micro format | 29-01-2021 | 2021-03500108 |
| 30-06-2019 | micro format | 10-12-2019 | 2019-75900586 |
| 30-06-2018 | micro format | 20-12-2018 | 2018-75200479 |
| 30-06-2017 | micro format | 20-12-2017 | 2017-72900399 |
| 30-06-2016 | full format | 12-12-2016 | 2016-70000223 |
| 30-06-2015 | full format | 27-11-2015 | 2015-67800436 |
| 30-06-2014 | full format | 09-12-2014 | 2014-68900028 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Francoise Hanssens-Ensch Avenue Louise 349 Bte 17, 1050 Fr Bruxelles 5 |
30-06-2025 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
04-07
Bankruptcy
Opening
French-language Enterprise Court of Brussels · judgment of 30-06-2025
2024
17-01
Gazette deed
Registered officeRegistered-office move3 facts ▸
Gazette deed
Registered office
Registered-office move3 facts ▸
- Board meeting, 08-01-2024
- Registered-office move, Rue du Magistrat 9 à 1000 Bruxelles
- Other provision, “gazette annexes header”, 24010824 (deed in French)
2023
04-12
NBB filing
Annual accounts filed
financial year 2023 · micro format
30-06
Financial
Weakest financial yearnet -€14,543
Net result drops to -€14,543, the lowest in the series.
25-01
NBB filing
Annual accounts filed
financial year 2022 · micro format
2021
10-12
NBB filing
Annual accounts filed
financial year 2021 · micro format
29-01
NBB filing
Annual accounts filed
financial year 2020 · micro format
2019
10-12
NBB filing
Annual accounts filed
financial year 2019 · micro format
2018
20-12
NBB filing
Annual accounts filed
financial year 2018 · micro format
2017
20-12
NBB filing
Annual accounts filed
financial year 2017 · micro format
2016
12-12
NBB filing
Annual accounts filed
financial year 2016 · full format
2015
27-11
NBB filing
Annual accounts filed
financial year 2015 · full format
2014
09-12
NBB filing
Annual accounts filed
financial year 2014 · full format
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 46 annual accounts filed, the latest 10 are here; all 46 are under Financials.
1 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded18-04-1972
Financial year end30-06
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1972
Ground area
1.0 ha
Building footprint
1,082 m²
Building volume
8,218 m³
2 parcels, Brussels · tallest building 15.8 m. Linked by address, not a title deed.
1 establishment unit
Stan Tailor Collection
since 1972unit no. 2.036.209.548
2 parcels
Brussels
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21614E0342/00R000 | Brussels | 8,419 m² | 1 · 565 m² | 15.5 m · 4 |
| 21807G0135/00W003indicative | Brussels | 1,736 m² | 1 · 516 m² | 15.8 m · 1 |
How the parcels are linked
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.