DULEM
Open bankruptcyA bankruptcy procedure is open for DULEM according to publications in the Belgian State Gazette; curator: PIETER VANDERMEERSCH.
Summary
The 2023 annual accounts show negative equity (-€73,631) and a net result of -€51,448.
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
- 23 May 2024
- Supervising judge
- Frederik Moortgat
- Official Gazette
- 31-05-2024 (pdf) ↗search the document for 2024/122211
Deadlines
- Provisional date payments stopped
- 23 May 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 15 June 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 22 June 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 3 July 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 23 May 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Pieter VandermeerschGerard David- Straat 46/Bus 1, 8000 Bruggepieter.vandermeersch@phibalex.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 · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 08-05-2024, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
84 d early
2022
25 d early
2021
26 d early
2020
52 d early
2019
128 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 63 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€73,631▼ 232%
2022 · -€22,183
Total assets
€138,429▼ 5.6%
2022 · €146,633
Net result
-€51,448
2022 · €34,482
Working capital
€39,312▲ 39.7%
2022 · €28,132
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20192020202120222023
Operating result€30,470▲ 544%€34,025▲ 11.7%€49,780▲ 46.3%€51,055▲ 2.6%-€50,196
Net result€27,364▲ 1,024%€30,124above the sector's middle half▲ 10.1%€39,998above the sector's middle half▲ 32.8%€34,482above the sector's middle half▼ 13.8%-€51,448below the sector's middle half
Equity-€126,787▲ 17.8%-€96,663below the sector's middle half▲ 23.8%-€56,665below the sector's middle half▲ 41.4%-€22,183below the sector's middle half▲ 60.9%-€73,631below the sector's middle half▼ 232%
Total assets€31,680▲ 13.1%€50,146within the sector's middle half▲ 58.3%€110,938within the sector's middle half▲ 121%€146,633within the sector's middle half▲ 32.2%€138,429within the sector's middle half▼ 5.6%
Debt€158,468▼ 13.0%€146,809▼ 7.4%€167,604▲ 14.2%€168,816▲ 0.7%€142,635▼ 15.5%
Working capital-€107,596▲ 11.1%-€51,719below the sector's middle half▲ 51.9%-€11,225within the sector's middle half▲ 78.3%€28,132within the sector's middle half€39,312above the sector's middle half▲ 39.7%
Solvency-400.2%▲ 150.3pp-192.8%below the sector's middle half▲ 207.4pp-51.1%below the sector's middle half▲ 141.7pp-15.1%below the sector's middle half▲ 35.9pp-53.2%below the sector's middle half▼ 38.1pp
Current ratio0.20▲ 0.020.47within the sector's middle half▲ 0.270.91within the sector's middle half▲ 0.431.24within the sector's middle half▲ 0.331.40within the sector's middle half▲ 0.16
Return on assets (ROA)86.4%▲ 77.7pp60.1%above the sector's middle half▼ 26.3pp36.1%above the sector's middle half▼ 24.0pp23.5%above the sector's middle half▼ 12.5pp-37.2%below the sector's middle half▼ 60.7pp
Staff (FTE)2.8▲ 21.7%2.1within the sector's middle half▼ 25.0%2.4▲ 14.3%2.4
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 turns negative in 2023: a loss of €50,196 after €51,055 in 2022, the lowest result in the available series.
Key figures and ratios
EBITDA
-€49,102▼
2022 · €52,272
Cash flow
-€50,355▼
2022 · €35,700
Quick ratio
1.25▲
2022 · 1.11
Debt to equity
-1.94▲
2022 · -7.61
Interest coverage
-48.19▼
2022 · 12.10
Debt ≤ 1 year
€99,116▼
2022 · €117,408
Debt > 1 year
€27,874▼
2022 · €51,408
Income taxes
€234▼
2022 · €12,315
Staff costs
€119,527▲
2022 · €105,134
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 | - | - | €21,899 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | €48,719 | €105,134 | €119,527 | ▲ 13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,358 | €1,217 | €1,217 | €1,217 | €1,093 | ▼ 10.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €69,424 | - |
| Other operating charges640/8 | - | - | €885 | €1,074 | €949 | ▼ 11.6% |
| Gross operating margin9900 | €129,326 | €93,516 | €100,601 | €158,481 | €140,798 | ▼ 11.2% |
| Operating profit (loss)9901 | €30,470 | €34,025 | €49,780 | €51,055 | -€50,196 | ▼ 198% |
| Financial income75/76B | - | - | - | €61 | €1 | ▼ 99.0% |
| Recurring financial income75 | €44 | €164 | - | €61 | €1 | ▼ 99.0% |
| Financial charges65/66B | - | - | €3,053 | €4,319 | €1,019 | ▼ 76.4% |
| Recurring financial charges65 | €2,979 | €3,456 | €3,053 | €4,319 | €1,019 | ▼ 76.4% |
| Profit (loss) for the period before taxes9903 | €27,535 | €30,733 | €46,727 | €46,797 | -€51,214 | ▼ 209% |
| Income taxes67/77 | €171 | €609 | €6,729 | €12,315 | €234 | ▼ 98.1% |
| Profit (loss) for the period9904 | €27,364 | €30,124 | €39,998 | €34,482 | -€51,448 | ▼ 249% |
| Profit (loss) for the period to be appropriated9905 | €27,364 | €30,124 | €39,998 | €34,482 | -€51,448 | ▼ 249% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,680 | €50,146 | €110,938 | €146,633 | €138,429 | ▼ 5.6% |
| Fixed assets21/28 | €4,745 | €3,528 | €2,311 | €1,093 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €4,745 | €3,528 | €2,311 | €1,093 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | €2,187 | €1,093 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | €124 | €0 | - | - |
| Current assets29/58 | €26,935 | €46,619 | €108,628 | €145,540 | €138,429 | ▼ 4.9% |
| Stocks and contracts in progress3 | €14,769 | €11,675 | €9,482 | €15,482 | €14,840 | ▼ 4.1% |
| Stocks30/36 | - | - | €9,482 | €15,482 | €14,840 | ▼ 4.1% |
| Amounts receivable within one year40/41 | €1,124 | €8,023 | €10,750 | €4,931 | €21,922 | ▲ 345% |
| Trade receivables40 | - | - | €2,919 | €2,378 | €7,918 | ▲ 233% |
| Other amounts receivable41 | - | - | €7,831 | €2,552 | €14,004 | ▲ 449% |
| Cash at bank and in hand54/58 | €8,987 | €24,794 | €86,112 | €124,006 | €99,401 | ▼ 19.8% |
| Deferred charges and accrued income490/1 | - | - | €2,284 | €1,122 | €2,267 | ▲ 102% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,680 | €50,146 | €110,938 | €146,633 | €138,429 | ▼ 5.6% |
| Equity10/15 | -€126,787 | -€96,663 | -€56,665 | -€22,183 | -€73,631 | ▼ 232% |
| Contributions10/11 | €49,579 | - | €49,579 | €49,579 | €49,579 | = |
| Reserves13 | €4,958 | €4,958 | €4,958 | €4,958 | €4,958 | = |
| Non-distributable reserves130/1 | - | - | €4,958 | €4,958 | €4,958 | = |
| Reserves not available under the articles1311 | - | - | €4,958 | €4,958 | €4,958 | = |
| Profit (loss) carried forward14 | -€181,324 | -€151,200 | -€111,202 | -€76,720 | -€128,168 | ▼ 67.1% |
| Provisions and deferred taxes16 | - | - | - | - | €69,424 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €69,424 | - |
| Other liabilities and charges164/5 | - | - | - | - | €69,424 | - |
| Amounts payable17/49 | €158,468 | €146,809 | €167,604 | €168,816 | €142,635 | ▼ 15.5% |
| Amounts payable after more than one year17 | €23,923 | €48,472 | €47,751 | €51,408 | €27,874 | ▼ 45.8% |
| Other amounts payable178/9 | - | - | €47,751 | €51,408 | €27,874 | ▼ 45.8% |
| Amounts payable within one year42/48 | €134,531 | €98,337 | €119,853 | €117,408 | €99,116 | ▼ 15.6% |
| Trade debts44 | €45,893 | €22,716 | €37,092 | €32,464 | €42,784 | ▲ 31.8% |
| Suppliers440/4 | - | - | €37,092 | €32,464 | €42,784 | ▲ 31.8% |
| Taxes, remuneration and social security45 | - | - | €12,505 | €18,551 | €19,322 | ▲ 4.2% |
| Taxes450/3 | - | - | €4,126 | €5,529 | €2,958 | ▼ 46.5% |
| Remuneration and social security454/9 | - | - | €8,378 | €13,023 | €16,364 | ▲ 25.7% |
| Other amounts payable47/48 | - | - | €70,256 | €66,393 | €37,011 | ▼ 44.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €15,645 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,364 | €30,124 | €39,998 | €34,482 | -€51,448 | ▼ 249% |
| + Depreciation and write-downs630 | €1,358 | €1,217 | €1,217 | €1,217 | €1,093 | ▼ 10.2% |
| Operating cash flow (approximation) | €28,722 | €31,342 | €41,215 | €35,700 | -€50,355 | ▼ 241% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €15,806 | €61,318 | €37,894 | -€24,605 | ▼ 165% |
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
31-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 23-05-2024
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€51,448
Net result drops to -€51,448, the lowest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €39,998 ▲32.8%
Net result €39,998, the highest in the series.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
18-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 1995
Ground area
220 m²
Building footprint
192 m²
Volume, LiDAR
3,241 m³
Parcel 31013A0115/00A000, Flanders · tallest building 27.1 m, ±8 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
THE STORK
since 19952.071.381.253
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0115/00A000 | Flanders | 220 m² | 1 · 192 m² | 27.1 m · 8 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 | PIETER VANDERMEERSCH GERARD DAVID-
STRAAT 46/BUS 1, 8000 BRUGGE |
23-05-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteKnokke-Heist2.071.381.253
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-03-1995
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.