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ECOCOON

Inactive
KBO/BCE: BE 0831.824.587

ECOCOON was declared bankrupt on 28-05-2020 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 20-01-2022, published in the Belgian State Gazette on 26-01-2022.

Summary

Inactive; last annual accounts for fiscal year 2019.

Are you a creditor?

Judicial reorganisation Source: Belgian Official Gazette

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

The procedure

Court
Enterprise Court of Leuven
Opened
16 July 2019
Track
Reorganisation by collective agreement
Docket number
20190014
Delegated judge
Willy Timmermans
Official Gazette
19-07-2019 (pdf) ↗search the document for 2019/139071

What to do now

  1. Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
  2. Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
  3. The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
  4. What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
  5. The file is in RegSol, where you can read the documents of the procedure.

Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.

View the file in RegSol ↗ Watch Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.

General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company

Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · In judicial reorganisation
Ongoing procedure under court protection (Book XX WER). The company is restructuring.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2019 was due by 31-10-2019 and was filed on 16-09-2019, 45 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2019
45 d early
2017
28 d late
2016
28 d late
2015
26 d late
2014
23 d late
2013
28 d late
2012
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 16 days after the deadline; the Belgian median for financial year 2019 is on the deadline day, and 49% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ECOCOON has filed 7 sets of annual accounts, the latest for fiscal year 2019.1 The company was declared bankrupt on 28 May 2020; the bankruptcy was closed on 20 January 2022.23

  1. 1National Bank, annual accounts 2019
  2. 2Belgian State Gazette, 04-06-2020
  3. 3Belgian State Gazette, 26-01-2022

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2019, abbreviated schema

Equity
-€511,197
Total assets
€1.0m
Net result
-€741,727
Working capital
-€504,638

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €1.0m
Fixed assets €142,572
Current assets €900,248
Key figures and ratios
2019 value
EBITDA
-€574,193
Cash flow
-€614,249
Solvency
-49.0%
Current ratio
0.64
Quick ratio
0.41
Debt to equity
-0.15
ROA
-71.1%
Debt
€1.6m
Debt ≤ 1 year
€1.4m
Debt > 1 year
€75,468
Income taxes
€104
Annual accounts
Filed annual accounts As filed with the NBB · 2019 · 27 lines
Balance sheet Code2019
Assets
Total assets20/58€1.0m
Fixed assets21/28€142,572
Intangible fixed assets21€3,200
Tangible fixed assets22/27€134,533
Financial fixed assets28€4,840
Current assets29/58€900,248
Stocks and contracts in progress3€321,463
Amounts receivable within one year40/41€504,964
Cash at bank and in hand54/58€69,072
Equity and liabilities
Total equity and liabilities10/49€1.0m
Equity10/15-€511,197
Contributions10/11€18,600
Reserves13€1,860
Profit (loss) carried forward14-€531,657
Amounts payable17/49€1.6m
Amounts payable after more than one year17€75,468
Amounts payable within one year42/48€1.4m
Trade debts44€434,679
Income statement Code2019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€127,478
Gross operating margin9900€1.9m
Operating profit (loss)9901-€701,671
Recurring financial income75€6,057
Recurring financial charges65€46,009
Profit (loss) for the period before taxes9903-€741,623
Income taxes67/77€104
Profit (loss) for the period9904-€741,727
Profit (loss) for the period to be appropriated9905-€741,727
Line2019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€127,478
Gross operating margin9900€1.9m
Operating profit (loss)9901-€701,671
Recurring financial income75€6,057
Recurring financial charges65€46,009
Profit (loss) for the period before taxes9903-€741,623
Income taxes67/77€104
Profit (loss) for the period9904-€741,727
Profit (loss) for the period to be appropriated9905-€741,727
Line2019
Assets
Total assets20/58€1.0m
Fixed assets21/28€142,572
Intangible fixed assets21€3,200
Tangible fixed assets22/27€134,533
Financial fixed assets28€4,840
Current assets29/58€900,248
Stocks and contracts in progress3€321,463
Amounts receivable within one year40/41€504,964
Cash at bank and in hand54/58€69,072
Equity and liabilities
Total equity and liabilities10/49€1.0m
Equity10/15-€511,197
Contributions10/11€18,600
Reserves13€1,860
Profit (loss) carried forward14-€531,657
Amounts payable17/49€1.6m
Amounts payable after more than one year17€75,468
Amounts payable within one year42/48€1.4m
Trade debts44€434,679
Line2019
Profit (loss) for the period9904-€741,727
+ Depreciation and write-downs630€127,478
Operating cash flow (approximation)-€614,249

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2022
26-01
Bankruptcy Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · event 20-01-2022
2020
04-06
Bankruptcy Opening
Ondernemingsrechtbank Leuven · event 28-05-2020
2019
16-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
19-07
Judicial reorganisation Opening
Ondernemingsrechtbank Leuven · collective agreement · event 16-07-2019
2018
28-02
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
28-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
26-02
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
23-02
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 23 days late
2014
28-02
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
27-02
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 27 days late
SignalNBB filing
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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

Insolvency mandates

1 mandate
Role Name Tenure
Curator KARL VANSTIPELEN
STATIONSSTRAAT 108A, 3400 LANDEN
28-05-2020 → 20-01-2022

Structure & network

Owners and holdings

1 owner

Chain of control

  1. S B & V 100%
  2. ECOCOON

Highest known parent: S B & V. The sources do not say who stands above it.

Owners 1

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.