DISTRINAM
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 Liège, Namur division
- Declared bankrupt
- 1 October 2024
- Supervising judge
- Marc Ronvaux
- Official Gazette
- 09-10-2024 (pdf) ↗search the document for 2024/138223
Deadlines
- Appeal or third-party opposition until
- passed on 24 October 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 31 October 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 12 November 2024Goods 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 1 October 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Benedicte HumbletRue De Gembloux 136, 5002 Saint-Servaisb.humblet@humblet-avocats.be
- Yves Bisi- NellaRue Matteotti 34, 4102 Ougreey.bisinella@avocat.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
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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 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 · 10 filingsDeviation from the deadline
2023
61 d late
2022
59 d late
2021
11 d early
2020
43 d early
2019
28 d late
2018
58 d late
2017
29 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 26 days after the deadline; the sector median for financial year 2023 is on the deadline day, and 48% 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 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 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€435,395▲ 34.9%
2022 · -€668,816
Working capital
-€701,783▼ 118%
2022 · -€322,401
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
Line20192020202120222023
Operating result€234,877▲ 312%€118,126▼ 49.7%-€541,898-€633,336▼ 16.9%-€389,088▲ 38.6%
Net result€131,639▲ 1,421%€59,226within the sector's middle half▼ 55.0%-€532,748below the sector's middle half-€668,816below the sector's middle half▼ 25.5%-€435,395below the sector's middle half▲ 34.9%
Equity€812,771▲ 19.3%€871,996above the sector's middle half▲ 7.3%€339,248within the sector's middle half▼ 61.1%-€329,568below the sector's middle half-€764,964below the sector's middle half▼ 132%
Total assets€1.9m▲ 1.3%€2.2mabove the sector's middle half▲ 13.5%€2.3mabove the sector's middle half▲ 5.8%€1.6mwithin the sector's middle half▼ 32.7%€864,098within the sector's middle half▼ 44.3%
Debt€1.1m▼ 8.8%€1.3m▲ 18.2%€2.0m▲ 50.5%€1.9m▼ 4.2%€1.6m▼ 13.4%
Working capital€791,497▲ 61.4%€850,892above the sector's middle half▲ 7.5%€363,801within the sector's middle half▼ 57.2%-€322,401below the sector's middle half-€701,783below the sector's middle half▼ 118%
Solvency42.4%▲ 6.4pp40.1%within the sector's middle half▼ 2.3pp14.7%within the sector's middle half▼ 25.3pp-21.3%below the sector's middle half▼ 36.0pp-88.5%below the sector's middle half▼ 67.3pp
Current ratio1.91▲ 0.451.77within the sector's middle half▼ 0.141.21within the sector's middle half▼ 0.550.81below the sector's middle half▼ 0.400.50below the sector's middle half▼ 0.30
Return on assets (ROA)6.9%▲ 6.4pp2.7%within the sector's middle half▼ 4.1pp-23.1%below the sector's middle half▼ 25.9pp-43.1%below the sector's middle half▼ 20.0pp-50.4%below the sector's middle half▼ 7.3pp
Staff (FTE)21.1▼ 15.3%22.8above the sector's middle half▲ 8.1%23.3above the sector's middle half▲ 2.2%21.9above the sector's middle half▼ 6.0%15.8above the sector's middle half▼ 27.9%
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 stays negative: a loss of €389,088 in 2023 against €633,336 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €864,098
Fixed assets
€154,087 ▼ 22.1%
Current assets
€710,010 ▼ 47.5%
Equity and liabilities
Equity-€764,964
Debt€1.6m
Equity is negative: debt (€1.6m) exceeds the balance-sheet total (€864,098).
Key figures and ratios
EBITDA
-€345,293▲
2022 · -€587,104
Cash flow
-€391,600▲
2022 · -€622,585
Quick ratio
0.07▼
2022 · 0.08
Interest coverage
-6.43▲
2022 · -11.33
Debt ≤ 1 year
€1.4m▼
2022 · €1.7m
Debt > 1 year
€150,118▲
2022 · €132,108
Staff costs
€576,315▼
2022 · €695,075
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €152 | - | - |
| Remuneration, social security and pensions62 | - | - | €650,651 | €695,075 | €576,315 | ▼ 17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €69,535 | €53,715 | €56,425 | €46,231 | €43,795 | ▼ 5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €140,249 | -€6,257 | -€204,063 | ▼ 3,162% |
| Other operating charges640/8 | - | - | €9,985 | €8,131 | €19,631 | ▲ 141% |
| Gross operating margin9900 | €976,797 | €940,490 | €315,411 | €109,845 | €46,590 | ▼ 57.6% |
| Operating profit (loss)9901 | €234,877 | €118,126 | -€541,898 | -€633,336 | -€389,088 | ▲ 38.6% |
| Financial income75/76B | - | - | €57,289 | €16,337 | €7,383 | ▼ 54.8% |
| Recurring financial income75 | €7,250 | €8,445 | €57,289 | €16,337 | €7,383 | ▼ 54.8% |
| Financial charges65/66B | - | - | €48,139 | €51,818 | €53,690 | ▲ 3.6% |
| Recurring financial charges65 | €48,277 | €47,152 | €48,139 | €51,818 | €53,690 | ▲ 3.6% |
| Profit (loss) for the period before taxes9903 | €193,850 | €79,419 | -€532,748 | -€668,816 | -€435,395 | ▲ 34.9% |
| Income taxes67/77 | €62,211 | €20,194 | - | - | - | - |
| Profit (loss) for the period9904 | €131,639 | €59,226 | -€532,748 | -€668,816 | -€435,395 | ▲ 34.9% |
| Profit (loss) for the period to be appropriated9905 | €131,639 | €60,097 | -€532,748 | -€668,816 | -€435,395 | ▲ 34.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.2m | €2.3m | €1.6m | €864,098 | ▼ 44.3% |
| Fixed assets21/28 | €252,129 | €216,431 | €223,291 | €197,882 | €154,087 | ▼ 22.1% |
| Intangible fixed assets21 | €24,000 | €20,000 | €24,795 | €33,487 | €22,736 | ▼ 32.1% |
| Tangible fixed assets22/27 | €216,079 | €184,013 | €185,780 | €150,908 | €117,864 | ▼ 21.9% |
| Plant, machinery and equipment23 | - | - | €176,408 | €139,577 | €113,273 | ▼ 18.8% |
| Furniture and vehicles24 | - | - | €9,371 | €11,331 | €4,591 | ▼ 59.5% |
| Financial fixed assets28 | €12,050 | €12,417 | €12,717 | €13,487 | €13,487 | = |
| Current assets29/58 | €1.7m | €2.0m | €2.1m | €1.4m | €710,010 | ▼ 47.5% |
| Stocks and contracts in progress3 | €1.2m | €1.2m | €1.5m | €1.2m | €613,661 | ▼ 49.5% |
| Stocks30/36 | - | - | €1.5m | €1.2m | €613,661 | ▼ 49.5% |
| Amounts receivable within one year40/41 | €379,985 | €380,040 | €396,033 | €44,893 | €14,971 | ▼ 66.7% |
| Trade receivables40 | - | - | €195,770 | €19,630 | €14,708 | ▼ 25.1% |
| Other amounts receivable41 | - | - | €200,263 | €25,263 | €263 | ▼ 99.0% |
| Cash at bank and in hand54/58 | €38,658 | €337,306 | €192,714 | €88,497 | €77,018 | ▼ 13.0% |
| Deferred charges and accrued income490/1 | - | - | €17,810 | €4,242 | €4,360 | ▲ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.2m | €2.3m | €1.6m | €864,098 | ▼ 44.3% |
| Equity10/15 | €812,771 | €871,996 | €339,248 | -€329,568 | -€764,964 | ▼ 132% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €789,731 | €848,860 | €848,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €847,000 | - | - | - |
| Profit (loss) carried forward14 | €4,439 | €4,536 | -€528,212 | -€350,028 | -€785,424 | ▼ 124% |
| Amounts payable17/49 | €1.1m | €1.3m | €2.0m | €1.9m | €1.6m | ▼ 13.4% |
| Amounts payable after more than one year17 | €230,530 | €190,324 | €119,057 | €132,108 | €150,118 | ▲ 13.6% |
| Financial debts170/4 | - | - | €119,057 | €132,108 | €150,118 | ▲ 13.6% |
| Amounts payable within one year42/48 | €873,613 | €1.1m | €1.7m | €1.7m | €1.4m | ▼ 15.7% |
| Current portion of amounts payable after more than one year42 | - | - | €113,077 | €36,647 | €36,810 | ▲ 0.4% |
| Financial debts43 | - | - | €200,000 | €200,000 | €200,000 | = |
| Credit institutions430/8 | - | - | €200,000 | €200,000 | €200,000 | = |
| Trade debts44 | €467,421 | €569,503 | €1.3m | €1.1m | €510,375 | ▼ 52.1% |
| Suppliers440/4 | - | - | €1.3m | €1.1m | €510,375 | ▼ 52.1% |
| Advances received on contracts in progress46 | - | - | €35,680 | €19,620 | €8,741 | ▼ 55.4% |
| Taxes, remuneration and social security45 | - | - | €81,059 | €198,630 | €153,963 | ▼ 22.5% |
| Taxes450/3 | - | - | €6,643 | €116,099 | €54,176 | ▼ 53.3% |
| Remuneration and social security454/9 | - | - | €74,416 | €82,531 | €99,787 | ▲ 20.9% |
| Other amounts payable47/48 | - | - | - | €155,581 | €501,904 | ▲ 223% |
| Accrued charges and deferred income492/3 | - | - | €128,787 | €72,941 | €67,150 | ▼ 7.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €131,639 | €59,226 | -€532,748 | -€668,816 | -€435,395 | ▲ 34.9% |
| + Depreciation and write-downs630 | €69,535 | €53,715 | €56,425 | €46,231 | €43,795 | ▼ 5.3% |
| Operating cash flow (approximation) | €201,174 | €112,940 | -€476,323 | -€622,585 | -€391,600 | ▲ 37.1% |
| Investment in fixed assets (approximation) | - | -€18,016 | -€63,285 | -€20,822 | €0 | ▲ 100% |
| Change in cash | - | €298,647 | -€144,592 | -€104,216 | -€11,479 | ▲ 89.0% |
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
2024
09-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 01-10-2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
02-07
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collective agreement · event 25-06-2024
08-04
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 02-04-2024
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 59 days late
2022
31-12
Financial
Weakest financial yearnet -€668,816
Net result drops to -€668,816, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Highest result since 2018net €131,639 ▲1,421%
Operating result €234,877, net result €131,639, both a record.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 58 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
Show earlier events
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
21-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 21 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
Registered office, Namur · 2 establishment units since 2007
Ground area
5,170 m²
Building footprint
1,091 m²
Volume, LiDAR
5,442 m³
Parcel 92120F0021/00B002, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
BABYKID
since 20072.159.052.427
BABYKID
since 20122.209.102.546
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92120F0021/00B002 | Wallonia | 5,170 m² | 1 · 1,091 m² | 6.6 m · 2 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | BENEDICTE HUMBLET Rue De Gembloux 136, 5002 Saint-Servais |
01-10-2024 → present |
| Curator | YVES BISI-
NELLA Rue Matteotti 34, 4102 Ougree |
01-10-2024 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- BBK Expansion
- DISTRINAM
Highest known parent: BBK Expansion. The sources do not say who stands above it.
Owners 1
- BBK Expansionparent100%
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.
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Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded17-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47713Retail trade
47554Retail trade
Contact
Phone
0474/28.18.15Namur
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 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.