EFRAM
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 20 January 2022 · trustee Marc Theunissen · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Supervising judge
- Sonja Stuer
- Official Gazette
- 02-02-2022search the document for 2022/103360
Deadlines
- Provisional date payments stopped
- 20 January 2022A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 17 February 2022That 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 19 February 2022art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 18 March 2022Reclaim 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 20 January 2023A 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
- Marc TheunissenTurnhoutsebaan 315, 2100 Deurne (Antwerpen)marc.theunissen@mtheunissen.be
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 24-05-2006
- Legal form
- Private limited company (pre-2019)
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.158.048.278 2660 Antwerpen, since 19-12-2006
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts to 30-06-2018
- Gross margin
- €5,397
- ▼ 53.9%
- Turnover
- ≈ €41,000
- estimated
- Profit
- €6,219
- ▼ 6.7%
- Equity
- €20,460
- ▼ 28.2%
- Total assets
- €36,065
- ▼ 16.5%
Filed on 25-02-2019
Financials
Financials · financial year 2018, micro format
2018 annual accounts filed 25 days after the deadline Filed on 25 February 2019, deadline 31 January 2019 (7 months after the close on 30 June 2018, Companies Code art. 3:10). Source: NBB, 2019-05600464.
Annual accounts 2018 filed on 25-02-2019 PDF all 12 filings
Turnover
≈ €41,000
Estimated: probably between €19,000 and €99,000
Total assets
€36,065▼ 16.5%
2017 · €43,191
Net result
€6,219▼ 6.7%
2017 · €6,663
Working capital
€21,160▼ 27.0%
2017 · €28,998
Trend over the years
2014 to 2018, 5 financial years 2014 to 2018, 5 financial years
The operating result for 2018 is 68% lower than in 2017.
Operating result€3,185
2018
Net result€6,219
2018
Total assets€36,065
2018
Equity€20,460
2018
Debt€15,605
2018
Working capital€21,160
2018
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20142015201620172018
Operating result-€26,176--€34,949▼ 33.5%-€8,045▲ 77.0%€9,871€3,185▼ 67.7%
Net result-€29,950--€30,845▼ 3.0%-€7,952▲ 74.2%€6,663€6,219▼ 6.7%
Equity€69,646-€38,802▼ 44.3%€21,850▼ 43.7%€28,513▲ 30.5%€20,460▼ 28.2%
Total assets€85,107-€47,246▼ 44.5%€32,749▼ 30.7%€43,191▲ 31.9%€36,065▼ 16.5%
Debt€15,461-€8,444▼ 45.4%€10,899▲ 29.1%€14,677▲ 34.7%€15,605▲ 6.3%
Working capital€48,677-€34,237▼ 29.7%€21,617▼ 36.9%€28,998▲ 34.1%€21,160▼ 27.0%
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Equity and liabilities €36,065
Equity
€20,460 ▼ 28.2%
Debt
€15,605 ▲ 6.3%
Debt's share of the balance-sheet total rises from 34.0% to 43.3%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
2.42▼
2017 · 3.07
ROE
30.4%▲
2017 · 23.4%
ROA
17.2%▲
2017 · 15.4%
Debt ≤ 1 year
€14,905▲
2017 · €13,977
Income taxes
€427▼
2017 · €680
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,487 | €15,239 | €5,498 | €717 | - | - |
| Gross operating margin9900 | €610 | -€16,287 | €195 | €11,705 | €5,397 | ▼ 53.9% |
| Operating profit (loss)9901 | -€26,176 | -€34,949 | -€8,045 | €9,871 | €3,185 | ▼ 67.7% |
| Recurring financial income75 | €7,897 | €6,460 | €6,114 | €2,074 | €4,145 | ▲ 99.8% |
| Recurring financial charges65 | €10,932 | €1,509 | €5,513 | €4,602 | €683 | ▼ 85.2% |
| Profit (loss) for the period before taxes9903 | -€29,211 | -€29,998 | -€7,444 | €7,343 | €6,647 | ▼ 9.5% |
| Income taxes67/77 | €739 | €847 | €507 | €680 | €427 | ▼ 37.1% |
| Profit (loss) for the period9904 | -€29,950 | -€30,845 | -€7,952 | €6,663 | €6,219 | ▼ 6.7% |
| Profit (loss) for the period to be appropriated9905 | -€29,950 | -€30,845 | -€7,952 | €6,663 | €6,219 | ▼ 6.7% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85,107 | €47,246 | €32,749 | €43,191 | €36,065 | ▼ 16.5% |
| Fixed assets21/28 | €21,669 | €6,431 | €933 | €216 | - | - |
| Tangible fixed assets22/27 | €21,669 | €6,431 | €933 | €216 | - | - |
| Current assets29/58 | €63,438 | €40,815 | €31,816 | €42,975 | €36,065 | ▼ 16.1% |
| Amounts receivable within one year40/41 | €305 | €2,844 | €11,394 | €7,630 | €1,061 | ▼ 86.1% |
| Current investments50/53 | €54,754 | €34,762 | €17,309 | €11,415 | - | - |
| Cash at bank and in hand54/58 | €8,379 | €3,209 | €3,113 | €23,929 | €35,005 | ▲ 46.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85,107 | €47,246 | €32,749 | €43,191 | €36,065 | ▼ 16.5% |
| Equity10/15 | €69,646 | €38,802 | €21,850 | €28,513 | €20,460 | ▼ 28.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €80,996 | €80,997 | €2,997 | €9,913 | €1,860 | ▼ 81.2% |
| Profit (loss) carried forward14 | -€29,950 | -€60,795 | €253 | - | - | - |
| Amounts payable17/49 | €15,461 | €8,444 | €10,899 | €14,677 | €15,605 | ▲ 6.3% |
| Amounts payable within one year42/48 | €14,761 | €6,578 | €10,199 | €13,977 | €14,905 | ▲ 6.6% |
| Trade debts44 | €4,702 | €5,072 | €6,818 | €2,413 | €2,396 | ▼ 0.7% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,950 | -€30,845 | -€7,952 | €6,663 | €6,219 | ▼ 6.7% |
| + Depreciation and write-downs630 | €23,487 | €15,239 | €5,498 | €717 | - | - |
| Operating cash flow (approximation) | -€6,463 | -€15,606 | -€2,454 | €7,381 | €6,219 | ▼ 15.7% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €0 | - | - |
| Change in cash | - | -€5,170 | -€96 | €20,816 | €11,075 | ▼ 46.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2018 | micro format | 25-02-2019 | 2019-05600464 | |
| 30-06-2017 | micro format | 02-01-2018 | 2018-00100306 | |
| 30-06-2016 | abbreviated format | 29-12-2016 | 2016-72000472 | |
| 30-06-2015 | abbreviated format | 05-01-2016 | 2016-00200217 | |
| 30-06-2014 | abbreviated format | 02-01-2015 | 2015-00100240 | |
| 30-06-2013 | abbreviated format | 17-01-2014 | 2014-01200200 | |
| 30-06-2012 | abbreviated format | 14-01-2013 | 2013-00800421 | |
| 30-06-2011 | abbreviated format | 28-12-2011 | 2011-65500031 | |
| 30-06-2010 | abbreviated format | 14-01-2011 | 2011-00900381 | |
| 30-06-2009 | abbreviated format | 08-01-2010 | 2010-01100230 |
Board & ownership
Directors
Directors
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Marc Theunissen Turnhoutsebaan 315, 2100 Deurne (Antwerpen) |
20-01-2022 → present |
| Trustee | ANNé David Van Immerseelstraat 66, 2018 Antwerpen 1 |
10-10-2019 → 28-11-2019 |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2022
02-02
Bankruptcy
Bankruptcy declared
Enterprise Court of Antwerp, Antwerp division · judgment of 20-01-2022
2019
03-12
Bankruptcy
Bankruptcy reversal
Enterprise Court of Antwerp, Antwerp division · judgment of 28-11-2019
18-10
Bankruptcy
Bankruptcy declared
Enterprise Court of Antwerp, Antwerp division · judgment of 10-10-2019
25-02
micro format · 25 days late
2018
02-01
micro format · 29 days before the deadline
2017
30-06
Financial
Back to profitnet €6,663
The net result is €6,663, after 3 loss-making years.
2016
2015
30-06
Financial
Weakest financial yearnet -€30,845
The net result drops to -€30,845, the lowest from 2014 to 2018.
02-01
abbreviated format · 29 days before the deadline
2014
17-01
abbreviated format · 14 days before the deadline
2013
14-01
abbreviated format · 17 days before the deadline
Show earlier events
2011
2010
08-01
abbreviated format · 23 days before the deadline
2006
06-06
10 publications in the Belgian Official Gazette, the last on 03-12-2019
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 30 June 2018
- Legal form
- Private limited company (pre-2019)
- Active since
- 24 May 2006
Register details
Identity
Name
EFRAM in Dutch
Enterprise number
0881.520.855
Entity type
Legal entity
Registered office and establishments
Establishment unit
EFRAM, Sint-Bernardsesteenweg 1079, 2660 Antwerpen since 19-12-2006 · unit number 2.158.048.27846643 Wholesale of electrical equipment, including installation materials
Invoicing and payment
VAT number
BE 0881.520.855
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Recognitions · licences · registrations
Legal Entity Identifier
967600DBIOKDUVNM9E45
Sites & property
Location
Buildings and parcels at the addresses
Ground area
2,355 m²
Building footprint
242 m²
Building volume
3,018 m³
Tallest building: 20.3 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11811L3630/00M002 | Flanders | 1,639 m² | 1 · 131 m² | 20.3 m · 6 |
| 11382C0665/00M000 | Flanders | 717 m² | 1 · 111 m² | 10.6 m · 2 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.