DREL
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 5 February 2018 · trustee Philippe Dechamps · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- French-language Commercial Court of Brussels
- Official Gazette
- 13-02-2018search the document for 2018/105622
Deadlines
- Appeal or third-party opposition until
- passed on 28 February 2018That is fifteen 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 7 March 2018art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 21 March 2018Reclaim 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 5 February 2019A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Philippe DechampsDreve Des Renards 8/7, 1180 Bruxelles 18
Steps for a creditor
- 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.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
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.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 01-06-2007
- Legal form
- Private limited company (pre-2019)
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.163.508.487 1930 Zaventem, since 18-06-2007
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2016
- Gross margin
- €42,508
- ▲ 13×
- Turnover
- ≈ €170,000
- estimated
- Profit
- €28,416
- Equity
- €73,943
- ▲ 62.4%
- Total assets
- €111,706
- ▲ 60.1%
Financials
Financials · financial year 2016, micro format
2016 annual accounts filed 31 days after the deadline Filed on 31 August 2017, deadline 31 July 2017 (7 months after the close on 31 December 2016, Companies Code art. 3:10). Source: NBB, 2017-52300082.
Annual accounts 2016 filed on 31-08-2017 PDF all 10 filings
Turnover
€198,753
EBIT margin
4.3%
Net result
€28,416
2015 · -€5,677
Working capital
€61,805▲ 52.4%
2015 · €40,559
Multi-year overview
2012 to 2016, 5 financial yearsTurnover
no figure
2016
20122016
Operating result
€38,088
▲ 30×
2016
20122016
Net result
€28,416
2016
20122016
EBIT margin
no figure
2016
20122016
Equity
€73,943
▲ 62.4%
2016
20122016
Total assets
€111,706
▲ 60.1%
2016
20122016
Debt
€37,763
▲ 55.8%
2016
20122016
Working capital
€61,805
▲ 52.4%
2016
20122016
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20122013201420152016
Turnover€198,753-
Operating result€8,612-€47,171▲ 448%€28,027▼ 40.6%€1,256▼ 95.5%€38,088▲ 30×
Net result-€7,423-€40,072€42,780▲ 6.8%-€5,677€28,416
EBIT margin4.3%-
Equity-€20,048-€20,424€51,204▲ 151%€45,527▼ 11.1%€73,943▲ 62.4%
Total assets€18,996-€65,532▲ 245%€215,425▲ 229%€69,770▼ 67.6%€111,706▲ 60.1%
Debt€39,044-€45,108▲ 15.5%€164,221▲ 264%€24,243▼ 85.2%€37,763▲ 55.8%
Working capital-€21,688-€17,117€48,477▲ 183%€40,559▼ 16.3%€61,805▲ 52.4%
The operating result for 2016 is over 30 times that of 2015. It is a recovery after the fall in 2015.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €111,706
Fixed assets
€12,138 ▲ 144%
Current assets
€99,568 ▲ 53.6%
Equity and liabilities €111,706
Equity
€73,943 ▲ 62.4%
Debt
€37,763 ▲ 55.8%
Debt's share of the balance-sheet total falls from 34.7% to 33.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,487▲
2015 · €2,541
Cash flow
€31,815▲
2015 · -€4,392
Current ratio
2.64▼
2015 · 2.67
ROE
38.4%▲
2015 · -12.5%
ROA
25.4%▲
2015 · -8.1%
Debt ≤ 1 year
€37,763▲
2015 · €24,243
Income taxes
€7,000▲
2015 · €5,113
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €198,753 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,186 | €580 | €580 | €1,285 | €3,399 | ▲ 165% |
| Gross operating margin9900 | €13,843 | €49,975 | €30,326 | €3,311 | €42,508 | ▲ 13× |
| Operating profit (loss)9901 | €8,612 | €47,171 | €28,027 | €1,256 | €38,088 | ▲ 30× |
| Recurring financial income75 | - | €64 | €45 | - | €12 | - |
| Recurring financial charges65 | €16,035 | €2,232 | €1,292 | €1,820 | €2,684 | ▲ 47.5% |
| Profit (loss) for the period before taxes9903 | -€7,423 | €45,003 | €52,280 | -€564 | €35,416 | - |
| Income taxes67/77 | - | €4,931 | €9,500 | €5,113 | €7,000 | ▲ 36.9% |
| Profit (loss) for the period9904 | -€7,423 | €40,072 | €42,780 | -€5,677 | €28,416 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,423 | €40,072 | €42,780 | -€5,677 | €28,416 | - |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,996 | €65,532 | €215,425 | €69,770 | €111,706 | ▲ 60.1% |
| Fixed assets21/28 | €1,640 | €3,307 | €2,727 | €4,968 | €12,138 | ▲ 144% |
| Tangible fixed assets22/27 | €522 | €2,189 | €1,609 | €3,850 | €11,020 | ▲ 186% |
| Financial fixed assets28 | €1,118 | €1,118 | €1,118 | €1,118 | €1,118 | = |
| Current assets29/58 | €17,356 | €62,225 | €212,698 | €64,802 | €99,568 | ▲ 53.6% |
| Stocks and contracts in progress3 | €500 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €16,856 | €47,550 | €194,656 | €63,394 | €99,568 | ▲ 57.1% |
| Cash at bank and in hand54/58 | - | €14,675 | €18,042 | €1,408 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,996 | €65,532 | €215,425 | €69,770 | €111,706 | ▲ 60.1% |
| Equity10/15 | -€20,048 | €20,424 | €51,204 | €45,527 | €73,943 | ▲ 62.4% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€26,248 | -€36 | €30,744 | €25,067 | €53,483 | ▲ 113% |
| Amounts payable17/49 | €39,044 | €45,108 | €164,221 | €24,243 | €37,763 | ▲ 55.8% |
| Amounts payable within one year42/48 | €39,044 | €45,108 | €164,221 | €24,243 | €37,763 | ▲ 55.8% |
| Trade debts44 | - | - | €130,281 | €12,608 | €29,086 | ▲ 131% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,423 | €40,072 | €42,780 | -€5,677 | €28,416 | - |
| + Depreciation and write-downs630 | €4,186 | €580 | €580 | €1,285 | €3,399 | ▲ 165% |
| Operating cash flow (approximation) | -€3,237 | €40,652 | €43,360 | -€4,392 | €31,815 | - |
| Investment in fixed assets (approximation) | - | -€2,247 | €0 | -€3,526 | -€10,569 | ▼ 200% |
| Change in cash | - | - | €3,367 | -€16,634 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2016 | micro format | 31-08-2017 | 2017-52300082 | |
| 31-12-2015 | abbreviated format | 15-03-2017 | 2017-06800112 | |
| 31-12-2014 | abbreviated format | 14-10-2015 | 2015-65000396 | |
| 31-12-2013 | abbreviated format | 29-10-2014 | 2014-65800475 | |
| 31-12-2012 | abbreviated format | 20-12-2013 | 2013-69500040 | |
| 31-12-2011 | abbreviated format | 04-04-2013 | 2013-08400052 | |
| 31-12-2010 | full format | 30-06-2011 | 2011-23300261 | |
| 31-12-2009 | full format | 29-06-2010 | 2010-23800092 | |
| 31-12-2008 | full format | 06-07-2009 | 2009-36500228 | |
| 31-12-2007 | full format | 07-07-2008 | 2008-37100197 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Philippe Dechamps Dreve Des Renards 8/7, 1180 Bruxelles 18 |
05-02-2018 → present |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2018
13-02
Bankruptcy
Bankruptcy declared
French-language Commercial Court of Brussels · judgment of 05-02-2018
2017
2016
31-12
Financial
Back to profitnet €28,416
The net result is €28,416, after one loss-making year.
2015
31-12
Financial
Liquidity more than doubledcurrent ratio 2.67
The current ratio rises from 1.30 to 2.67. Short-term debt falls from €164,221 to €24,243.
14-10
abbreviated format · 75 days late
2014
31-12
Financial
Highest result from 2012 to 2016net €42,780 ▲6.8%
The net result of €42,780 is the highest of those years.
29-10
abbreviated format · 90 days late
2013
31-12
Financial
Back to profitnet €40,072
The net result is €40,072, after one loss-making year.
31-12
Financial
Liquidity more than triplescurrent ratio 1.38
The current ratio rises from 0.44 to 1.38.
20-12
abbreviated format · 142 days late
04-04
abbreviated format · 247 days late
Show earlier events
2011
30-06
full format · 31 days before the deadline
2010
29-06
full format · 32 days before the deadline
2009
06-07
full format · 25 days before the deadline
2008
07-07
full format · 24 days before the deadline
2007
11-06
9 publications in the Belgian Official Gazette, the last on 29-05-2017
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2016
- Legal form
- Private limited company (pre-2019)
- Active since
- 1 June 2007
Register details
Identity
Name
DREL in French
Enterprise number
0889.793.371
Entity type
Legal entity
Registered office and establishments
Establishment unit
DREL SPRL, Sterrebeekstraat 178, 1930 Zaventem since 18-06-2007 · unit number 2.163.508.4874332006
Invoicing and payment
VAT number
BE 0889.793.371
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
1.4 ha
Building footprint
3,583 m²
Building volume
23,079 m³
Tallest building: 12.7 m.
Flanders
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23772C0394/00V000 | Flanders | 1.3 ha | 1 · 2,494 m² | 8.2 m · 2 |
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 |