DIVEMAR
Open bankruptcyA bankruptcy procedure is open for DIVEMAR according to publications in the Belgian State Gazette; curator: ELS LEENKNECHT.
Summary
The 2022 annual accounts show negative equity (-€321,376) and a net result of -€467,173.
Are 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, Bruges division
- Declared bankrupt
- 4 December 2023
- Supervising judge
- Marleen Hoste
- Official Gazette
- 11-12-2023 (pdf) ↗search the document for 2023/147391
Deadlines
- Provisional date payments stopped
- 4 December 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 26 December 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 3 January 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 15 January 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 4 December 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Els LeenknechtFabrieksstraat 4 Bus 1, 8600 Diksmuideleenknecht.els@advocaten-le.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
Three 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 31-12-2022 was due by 31-07-2023 and was filed on 01-09-2023, 32 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
2025
not confirmed
2024
not filed
2023
not filed
2022
32 d late
2021
2 d early
2020
31 d late
2019
152 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 53 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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?List enrichment How is the Renting and operating of own or leased non-residential real estate, excluding land sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
-€321,376
2021 · €145,797
Total assets
€526,017▼ 39.1%
2021 · €863,155
Net result
-€467,173▼ 454%
2021 · -€84,381
Working capital
-€535,508
2021 · €48,023
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€26,164--€4,194€11,465-€35,504-€340,165▼ 858%
Net result€15,793--€5,069€6,334within the sector's middle half-€84,381below the sector's middle half-€467,173below the sector's middle half▼ 454%
Equity€228,910-€223,841▼ 2.2%€230,175within the sector's middle half▲ 2.8%€145,797within the sector's middle half▼ 36.7%-€321,376below the sector's middle half
Total assets€911,346-€858,368▼ 5.8%€865,387within the sector's middle half▲ 0.8%€863,155within the sector's middle half▼ 0.3%€526,017within the sector's middle half▼ 39.1%
Debt€682,436-€634,527▼ 7.0%€635,212▲ 0.1%€717,358▲ 12.9%€847,393▲ 18.1%
Working capital€238,081-€219,483▼ 7.8%€182,045▼ 17.1%€48,023▼ 73.6%-€535,508
Solvency25.1%-26.1%▲ 1.0pp26.6%within the sector's middle half▲ 0.5pp16.9%within the sector's middle half▼ 9.7pp-61.1%below the sector's middle half▼ 78.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 €340,165 in 2022 against €35,504 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €526,017
Fixed assets
€456,272 ▼ 14.1%
Current assets
€69,745 ▼ 79.0%
Key figures and ratios
EBITDA
-€312,218
Cash flow
-€439,226
Current ratio
0.12▼
2021 · 1.17
Debt to equity
-2.64▼
2021 · 4.92
ROA
-88.8%▼
2021 · -9.8%
Interest coverage
-3.19
Debt ≤ 1 year
€605,252▲
2021 · €284,147
Debt > 1 year
€242,140▼
2021 · €433,211
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75,460 | €20,780 | €12,238 | - | €27,947 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €204,348 | - |
| Other operating charges640/8 | - | - | - | €14,391 | €16,939 | ▲ 17.7% |
| Gross operating margin9900 | €109,389 | €39,237 | €34,452 | -€21,113 | -€90,931 | ▼ 331% |
| Operating profit (loss)9901 | €26,164 | -€4,194 | €11,465 | -€35,504 | -€340,165 | ▼ 858% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | €28,693 | €13,011 | €26,633 | €0 | - | - |
| Financial charges65/66B | - | - | - | €48,877 | €127,008 | ▲ 160% |
| Recurring financial charges65 | €36,448 | €13,887 | €34,431 | €48,877 | €97,758 | ▲ 100% |
| Non-recurring financial charges66B | - | - | - | - | €29,250 | - |
| Profit (loss) for the period before taxes9903 | €18,409 | -€5,069 | €3,667 | -€84,381 | -€467,173 | ▼ 454% |
| Income taxes67/77 | €2,616 | - | -€2,667 | - | - | - |
| Profit (loss) for the period9904 | €15,793 | -€5,069 | €6,334 | -€84,381 | -€467,173 | ▼ 454% |
| Profit (loss) for the period to be appropriated9905 | €15,793 | -€5,069 | €6,334 | -€84,381 | -€467,173 | ▼ 454% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €911,346 | €858,368 | €865,387 | €863,155 | €526,017 | ▼ 39.1% |
| Fixed assets21/28 | €506,315 | €516,929 | €532,309 | €530,986 | €456,272 | ▼ 14.1% |
| Intangible fixed assets21 | €662 | €6,370 | €6,039 | €6,039 | - | - |
| Tangible fixed assets22/27 | €450,050 | €454,954 | €470,665 | €469,342 | €429,918 | ▼ 8.4% |
| Land and buildings22 | - | - | - | €459,179 | €423,290 | ▼ 7.8% |
| Plant, machinery and equipment23 | - | - | - | €2,990 | €2,907 | ▼ 2.8% |
| Furniture and vehicles24 | - | - | - | €4,623 | €3,722 | ▼ 19.5% |
| Leasing and similar rights25 | - | - | - | €2,549 | - | - |
| Financial fixed assets28 | €55,604 | €55,604 | €55,604 | €55,604 | €26,354 | ▼ 52.6% |
| Current assets29/58 | €405,031 | €341,439 | €333,078 | €332,170 | €69,745 | ▼ 79.0% |
| Amounts receivable within one year40/41 | €373,497 | €309,174 | €288,121 | €313,476 | €69,424 | ▼ 77.9% |
| Trade receivables40 | - | - | - | €254,225 | €210 | ▼ 99.9% |
| Other amounts receivable41 | - | - | - | €59,251 | €69,213 | ▲ 16.8% |
| Cash at bank and in hand54/58 | €5,655 | €6,386 | €1,011 | €626 | €321 | ▼ 48.8% |
| Deferred charges and accrued income490/1 | - | - | - | €18,067 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €911,346 | €858,368 | €865,387 | €863,155 | €526,017 | ▼ 39.1% |
| Equity10/15 | €228,910 | €223,841 | €230,175 | €145,797 | -€321,376 | ▼ 320% |
| Contributions10/11 | €200,200 | €200,200 | €200,200 | €200,200 | €200,200 | = |
| Capital10 | - | - | - | €200,200 | €200,200 | = |
| Issued capital100 | - | - | - | €200,200 | €200,200 | = |
| Reserves13 | €28,710 | €28,710 | €29,975 | €29,978 | €29,978 | = |
| Non-distributable reserves130/1 | - | - | - | €20,200 | €20,200 | = |
| Legal reserve130 | - | - | - | €20,200 | €20,200 | = |
| Distributable reserves133 | - | - | - | €9,778 | €9,778 | = |
| Profit (loss) carried forward14 | €116 | -€5,069 | - | -€84,381 | -€551,553 | ▼ 554% |
| Amounts payable17/49 | €682,436 | €634,527 | €635,212 | €717,358 | €847,393 | ▲ 18.1% |
| Amounts payable after more than one year17 | €515,486 | €512,570 | €484,179 | €433,211 | €242,140 | ▼ 44.1% |
| Financial debts170/4 | - | - | - | €433,211 | €183,490 | ▼ 57.6% |
| Other amounts payable178/9 | - | - | - | - | €58,650 | - |
| Amounts payable within one year42/48 | €166,950 | €121,957 | €151,033 | €284,147 | €605,252 | ▲ 113% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19,541 | €313,133 | ▲ 1,502% |
| Financial debts43 | - | - | - | €1,550 | €14,007 | ▲ 804% |
| Other loans439 | - | - | - | €1,550 | €14,007 | ▲ 804% |
| Trade debts44 | €54,966 | €57,970 | €63,790 | €71,334 | €145,954 | ▲ 105% |
| Suppliers440/4 | - | - | - | €71,334 | €145,954 | ▲ 105% |
| Taxes, remuneration and social security45 | - | - | - | €739 | - | - |
| Taxes450/3 | - | - | - | €739 | - | - |
| Other amounts payable47/48 | - | - | - | €190,982 | €132,158 | ▼ 30.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,793 | -€5,069 | €6,334 | -€84,381 | -€467,173 | ▼ 454% |
| + Depreciation and write-downs630 | €75,460 | €20,780 | €12,238 | - | €27,947 | - |
| Operating cash flow (approximation) | €91,253 | €15,711 | €18,572 | -€84,381 | -€439,226 | ▼ 421% |
| Investment in fixed assets (approximation) | - | -€31,393 | -€27,619 | €1,323 | €46,766 | ▲ 3,435% |
| Change in cash | - | €732 | -€5,375 | -€385 | -€305 | ▲ 20.6% |
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
2023
11-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 04-12-2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet -€467,173
Net result drops to -€467,173, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €6,334
Net result €6,334 after one loss-making year.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 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
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Koksijde · 1 establishment unit since 2004
Ground area
3,553 m²
Building footprint
1,208 m²
Volume, LiDAR
11,337 m³
Parcel 38343A0111/00S000, Flanders · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DIVEMAR
since 20042.138.852.077
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38343A0111/00S000 | Flanders | 3,553 m² | 1 · 1,208 m² | 15.0 m · 3 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 | ELS LEENKNECHT FABRIEKSSTRAAT 4 BUS 1,
8600 DIKSMUIDE |
04-12-2023 → present |
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
- Sourceaccounts M.A.P. 202123%
Holdings 1
-
98%
According to the 2022 annual accounts of DIVEMAR and those 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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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 4,082 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.