e-day
Open bankruptcyA bankruptcy procedure is open for e-day according to publications in the Belgian State Gazette; curator: GEOFFREY SAIVE.
Summary
The file additionally contains 3 judicial reorganisation notices. The 2024 annual accounts show negative equity (-€52,417) and a net result of -€106,856.
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 Liège, Liège division
- Declared bankrupt
- 1 December 2025
- Supervising judge
- Fabienne Pauwels
- Official Gazette
- 05-12-2025 (pdf) ↗search the document for 2025/150421
Deadlines
- Appeal or third-party opposition until
- passed on 20 December 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 31 December 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 15 January 2026Goods 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
- 1 December 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Geoffrey SaiveRue Joseph Wauters 53, 4800 Verviersg.saive@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
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€52,417
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
61 d late
2022
29 d late
2021
11 d early
2020
31 d late
2019
105 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% 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 Hotels and similar accommodation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€106,856▼ 86.0%
2023 · -€57,435
Working capital
-€104,969▼ 237%
2023 · -€31,112
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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
Line20202021202220232024
Operating result-€71,359▼ 9.3%-€13,567▲ 81.0%-€21,794▼ 60.6%-€41,184▼ 89.0%-€48,096▼ 16.8%
Net result-€65,873below the sector's middle half▼ 8.1%-€10,532within the sector's middle half▲ 84.0%-€18,102below the sector's middle half▼ 71.9%-€57,435below the sector's middle half▼ 217%-€106,856below the sector's middle half▼ 86.0%
Equity€140,508within the sector's middle half▼ 31.9%€129,976within the sector's middle half▼ 7.5%€111,874within the sector's middle half▼ 13.9%€54,440within the sector's middle half▼ 51.3%-€52,417below the sector's middle half
Total assets€458,765within the sector's middle half▼ 6.2%€433,531within the sector's middle half▼ 5.5%€375,056within the sector's middle half▼ 13.5%€298,341within the sector's middle half▼ 20.5%€241,722within the sector's middle half▼ 19.0%
Debt€259,852▲ 19.7%€253,031▼ 2.6%€220,815▼ 12.7%€209,941▼ 4.9%€268,583▲ 27.9%
Working capital-€27,814within the sector's middle half▲ 66.3%-€24,674within the sector's middle half▲ 11.3%-€5,122within the sector's middle half▲ 79.2%-€31,112within the sector's middle half▼ 507%-€104,969within the sector's middle half▼ 237%
Solvency30.6%within the sector's middle half▼ 11.6pp30.0%within the sector's middle half▼ 0.6pp29.8%within the sector's middle half▼ 0.2pp18.2%within the sector's middle half▼ 11.6pp-21.7%below the sector's middle half▼ 39.9pp
Current ratio0.61within the sector's middle half▲ 0.310.47within the sector's middle half▼ 0.140.83within the sector's middle half▲ 0.360.11below the sector's middle half▼ 0.720.04below the sector's middle half▼ 0.06
Return on assets (ROA)-14.4%below the sector's middle half▼ 1.9pp-2.4%within the sector's middle half▲ 11.9pp-4.8%below the sector's middle half▼ 2.4pp-19.3%below the sector's middle half▼ 14.4pp-44.2%below the sector's middle half▼ 25.0pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, 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 €48,096 in 2024 against €41,184 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €241,722
Fixed assets
€236,859 ▼ 19.6%
Current assets
€4,862 ▲ 28.2%
Key figures and ratios
EBITDA
€14,005▼
2023 · €28,314
Cash flow
-€44,756▼
2023 · €12,063
Debt to equity
-5.12▼
2023 · 3.86
Interest coverage
2.67▼
2023 · 5.02
Debt ≤ 1 year
€109,831▲
2023 · €34,905
Debt > 1 year
€158,752▼
2023 · €175,036
Income taxes
€61,952▲
2023 · €1,053
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,045 | €67,880 | €73,564 | €69,498 | €62,101 | ▼ 10.6% |
| Other operating charges640/8 | - | €1,615 | €2,134 | €2,541 | €2,281 | ▼ 10.2% |
| Gross operating margin9900 | -€6,215 | €55,928 | €53,904 | €30,855 | €16,286 | ▼ 47.2% |
| Operating profit (loss)9901 | -€71,359 | -€13,567 | -€21,794 | -€41,184 | -€48,096 | ▼ 16.8% |
| Financial income75/76B | - | €1 | €125 | €18 | €27 | ▲ 48.7% |
| Recurring financial income75 | €140 | €1 | €125 | €18 | €27 | ▲ 48.7% |
| Financial charges65/66B | - | €4,668 | €4,113 | €23,622 | €5,242 | ▼ 77.8% |
| Recurring financial charges65 | €1,696 | €4,668 | €4,113 | €5,643 | €5,242 | ▼ 7.1% |
| Non-recurring financial charges66B | - | - | - | €17,979 | - | - |
| Profit (loss) for the period before taxes9903 | -€72,916 | -€18,233 | -€25,782 | -€64,788 | -€53,310 | ▲ 17.7% |
| Transfer from deferred taxes780 | - | €7,882 | €8,157 | €8,406 | €8,406 | = |
| Income taxes67/77 | €243 | €180 | €477 | €1,053 | €61,952 | ▲ 5,783% |
| Profit (loss) for the period9904 | -€65,873 | -€10,532 | -€18,102 | -€57,435 | -€106,856 | ▼ 86.0% |
| Transfer from tax-exempt reserves789 | - | €31,527 | €32,628 | €33,624 | €33,624 | = |
| Profit (loss) for the period to be appropriated9905 | -€36,733 | €20,996 | €14,526 | -€23,811 | -€73,233 | ▼ 208% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €458,765 | €433,531 | €375,056 | €298,341 | €241,722 | ▼ 19.0% |
| Fixed assets21/28 | €415,833 | €411,553 | €350,311 | €294,548 | €236,859 | ▼ 19.6% |
| Tangible fixed assets22/27 | €415,833 | €411,553 | €350,311 | €294,548 | €236,859 | ▼ 19.6% |
| Land and buildings22 | - | €341,068 | €302,194 | €274,220 | €222,188 | ▼ 19.0% |
| Plant, machinery and equipment23 | - | €4,502 | €3,782 | €3,063 | €5,107 | ▲ 66.7% |
| Furniture and vehicles24 | - | €65,983 | €44,335 | €17,266 | €9,564 | ▼ 44.6% |
| Current assets29/58 | €42,932 | €21,978 | €24,745 | €3,793 | €4,862 | ▲ 28.2% |
| Amounts receivable within one year40/41 | €13,128 | €18,259 | €13,970 | €2,030 | €1,889 | ▼ 6.9% |
| Trade receivables40 | - | €13,288 | €10,601 | €1,540 | €1,889 | ▲ 22.6% |
| Other amounts receivable41 | - | €4,971 | €3,368 | €489 | - | - |
| Cash at bank and in hand54/58 | €29,418 | €3,720 | €10,316 | €1,539 | €1,629 | ▲ 5.9% |
| Deferred charges and accrued income490/1 | - | - | €459 | €224 | €1,344 | ▲ 500% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €458,765 | €433,531 | €375,056 | €298,341 | €241,722 | ▼ 19.0% |
| Equity10/15 | €140,508 | €129,976 | €111,874 | €54,440 | -€52,417 | ▼ 196% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €235,477 | €203,950 | €171,322 | €137,698 | €104,075 | ▼ 24.4% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Tax-exempt reserves132 | - | €202,095 | €169,467 | €135,843 | €102,220 | ▼ 24.8% |
| Profit (loss) carried forward14 | -€113,519 | -€92,523 | -€77,997 | -€101,809 | -€175,042 | ▼ 71.9% |
| Provisions and deferred taxes16 | €58,406 | €50,524 | €42,367 | €33,961 | €25,555 | ▼ 24.8% |
| Deferred taxes168 | - | €50,524 | €42,367 | €33,961 | €25,555 | ▼ 24.8% |
| Amounts payable17/49 | €259,852 | €253,031 | €220,815 | €209,941 | €268,583 | ▲ 27.9% |
| Amounts payable after more than one year17 | €189,106 | €206,379 | €190,948 | €175,036 | €158,752 | ▼ 9.3% |
| Financial debts170/4 | - | €206,379 | €190,948 | €175,036 | €158,752 | ▼ 9.3% |
| Amounts payable within one year42/48 | €70,746 | €46,652 | €29,866 | €34,905 | €109,831 | ▲ 215% |
| Current portion of amounts payable after more than one year42 | - | €16,241 | €15,431 | €15,912 | €16,284 | ▲ 2.3% |
| Trade debts44 | €29,342 | €20,870 | €3,999 | €14,911 | €13,667 | ▼ 8.3% |
| Suppliers440/4 | - | €20,870 | €3,999 | €14,911 | €13,667 | ▼ 8.3% |
| Taxes, remuneration and social security45 | - | €315 | €1,988 | €1,478 | €56,986 | ▲ 3,755% |
| Taxes450/3 | - | €315 | €1,988 | €1,478 | €56,986 | ▲ 3,755% |
| Other amounts payable47/48 | - | €9,226 | €8,449 | €2,603 | €22,894 | ▲ 779% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€65,873 | -€10,532 | -€18,102 | -€57,435 | -€106,856 | ▼ 86.0% |
| + Depreciation and write-downs630 | €59,045 | €67,880 | €73,564 | €69,498 | €62,101 | ▼ 10.6% |
| Operating cash flow (approximation) | -€6,829 | €57,349 | €55,462 | €12,063 | -€44,756 | ▼ 471% |
| Investment in fixed assets (approximation) | - | -€63,600 | -€12,322 | -€13,735 | -€4,411 | ▲ 67.9% |
| Change in cash | - | -€25,699 | €6,597 | -€8,777 | €90 | ▲ 101% |
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
2025
05-12
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 01-12-2025
02-12
Judicial reorganisation
Reorganisation ended early
Tribunal de l’entreprise de Liège, division Liège · event 25-11-2025
26-08
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collective agreement · event 21-08-2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
01-07
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 24-06-2025
2024
31-12
Financial
Weakest financial yearnet -€106,856
Net result drops to -€106,856, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
20-07
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
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 105 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 177 days late
Show earlier events
2019
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 465 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Spa · 1 establishment unit since 2005
Ground area
1,434 m²
Building footprint
279 m²
Volume, LiDAR
3,837 m³
Parcel 63072G0443/00R000, Wallonia · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
e-day
since 20052.144.991.088
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63072G0443/00R000 | Wallonia | 1,434 m² | 1 · 279 m² | 15.8 m · 5 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 | GEOFFREY SAIVE RUE JOSEPH WAUTERS 53,
4800 VERVIERS |
01-12-2025 → present |
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Of 2,393 companies in sector 55100 we hold annual accounts for 1,517. 918 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
78100Employment placement agencies
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.