EGISAN
Open bankruptcyA bankruptcy procedure is open for EGISAN according to publications in the Belgian State Gazette; curator: Mr. MAGDA JANNIS.
Summary
The 2024 annual accounts show equity of €204,088 and a net result of -€89,175.
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
- Rechtbank van koophandel te Dendermonde
- Declared bankrupt
- 11 June 2012
- Supervising judge
- Marc Tackaert
- Official Gazette
- 19-06-2012 (pdf) ↗search the document for 2012/021984
Deadlines
- Provisional date payments stopped
- 11 June 2012A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 4 July 2012Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 11 July 2012art. XX.104 and XX.155 CEL
- First verification report
- passed on 20 July 2012Goods 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 11 June 2013Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Mr. Magda Jannis9200 Dendermonde, Grote Markt 19
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€89,175
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-11-2025, 98 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
98 d late
2023
92 d late
2022
130 d late
2021
33 d early
2020
32 d early
2019
61 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 53 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 Plastering work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€204,088▼ 30.4%
2023 · €293,263
Total assets
€390,191▼ 16.2%
2023 · €465,851
Net result
-€89,175▼ 1,266%
2023 · -€6,528
Working capital
€115,325▼ 22.5%
2023 · €148,774
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result€29,675▼ 10.9%€188,787▲ 536%-€5,381-€2,198▲ 59.2%-€90,038▼ 3,997%
Net result€8,746within the sector's middle half▼ 56.4%€141,385above the sector's middle half▲ 1,517%-€10,615below the sector's middle half-€6,528below the sector's middle half▲ 38.5%-€89,175below the sector's middle half▼ 1,266%
Equity€169,021within the sector's middle half▲ 5.5%€310,406within the sector's middle half▲ 83.6%€299,791within the sector's middle half▼ 3.4%€293,263within the sector's middle half▼ 2.2%€204,088within the sector's middle half▼ 30.4%
Total assets€423,543within the sector's middle half▼ 35.2%€601,703within the sector's middle half▲ 42.1%€465,355within the sector's middle half▼ 22.7%€465,851within the sector's middle half▲ 0.1%€390,191below the sector's middle half▼ 16.2%
Debt€254,522▼ 48.4%€255,965▲ 0.6%€132,220▼ 48.3%€142,244▲ 7.6%€158,643▲ 11.5%
Working capital€2,340below the sector's middle half▼ 76.3%€247,306within the sector's middle half▲ 10,469%€133,287within the sector's middle half▼ 46.1%€148,774within the sector's middle half▲ 11.6%€115,325within the sector's middle half▼ 22.5%
Solvency39.9%within the sector's middle half▲ 15.4pp51.6%within the sector's middle half▲ 11.7pp64.4%above the sector's middle half▲ 12.8pp63.0%above the sector's middle half▼ 1.5pp52.3%within the sector's middle half▼ 10.6pp
Current ratio1.01below the sector's middle half▼ 0.012.29within the sector's middle half▲ 1.272.59within the sector's middle half▲ 0.303.40above the sector's middle half▲ 0.812.82within the sector's middle half▼ 0.58
Return on assets (ROA)2.1%within the sector's middle half▼ 1.0pp23.5%above the sector's middle half▲ 21.4pp-2.3%below the sector's middle half▼ 25.8pp-1.4%below the sector's middle half▲ 0.9pp-22.9%below the sector's middle half▼ 21.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €90,038 in 2024 against €2,198 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €390,191
Fixed assets
€211,466 ▼ 17.1%
Current assets
€178,725 ▼ 15.2%
Equity and liabilities €390,191
Equity
€204,088 ▼ 30.4%
Provisions
€27,461 ▼ 9.5%
Debt
€158,643 ▲ 11.5%
Debt's share of the balance-sheet total rises from 30.5% to 40.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€47,224▼
2023 · €43,476
Cash flow
-€46,360▼
2023 · €39,145
Debt to equity
0.78▲
2023 · 0.49
ROE
-43.7%▼
2023 · -2.2%
Interest coverage
-26.40▼
2023 · 10.01
Debt ≤ 1 year
€63,401▲
2023 · €62,039
Debt > 1 year
€8,017▼
2023 · €30,572
Income taxes
€231▼
2023 · €2,986
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €178,060 | €1,707 | - | €1,448 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,678 | €52,128 | €38,709 | €45,674 | €42,815 | ▼ 6.3% |
| Other operating charges640/8 | - | €11,053 | €6,944 | €6,888 | €8,806 | ▲ 27.9% |
| Non-recurring operating charges66A | - | €7,994 | - | - | €6,971 | - |
| Gross operating margin9900 | €103,379 | €259,960 | €40,272 | €50,364 | -€31,447 | ▼ 162% |
| Operating profit (loss)9901 | €29,675 | €188,787 | -€5,381 | -€2,198 | -€90,038 | ▼ 3,997% |
| Financial income75/76B | - | €1 | €309 | - | - | - |
| Recurring financial income75 | €2 | €1 | €309 | - | - | - |
| Financial charges65/66B | - | €9,464 | €6,547 | €4,344 | €1,789 | ▼ 58.8% |
| Recurring financial charges65 | €15,443 | €9,464 | €6,547 | €4,344 | €1,789 | ▼ 58.8% |
| Profit (loss) for the period before taxes9903 | €14,234 | €179,324 | -€11,618 | -€6,542 | -€91,827 | ▼ 1,304% |
| Transfer from deferred taxes780 | - | €280 | €1,989 | €3,000 | €2,883 | ▼ 3.9% |
| Transfer to deferred taxes680 | - | €35,612 | - | - | - | - |
| Income taxes67/77 | €5,488 | €2,607 | €986 | €2,986 | €231 | ▼ 92.3% |
| Profit (loss) for the period9904 | €8,746 | €141,385 | -€10,615 | -€6,528 | -€89,175 | ▼ 1,266% |
| Transfer from tax-exempt reserves789 | - | €1,119 | €7,955 | €12,000 | €11,531 | ▼ 3.9% |
| Transfer to tax-exempt reserves689 | - | €142,448 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €8,746 | €56 | -€2,660 | €5,471 | -€77,644 | ▼ 1,519% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €423,543 | €601,703 | €465,355 | €465,851 | €390,191 | ▼ 16.2% |
| Fixed assets21/28 | €247,998 | €161,954 | €248,034 | €255,037 | €211,466 | ▼ 17.1% |
| Tangible fixed assets22/27 | €247,795 | €156,351 | €242,431 | €249,434 | €205,863 | ▼ 17.5% |
| Land and buildings22 | - | €79,952 | €167,182 | €160,883 | €153,492 | ▼ 4.6% |
| Plant, machinery and equipment23 | - | €22,832 | €24,895 | €43,513 | €32,866 | ▼ 24.5% |
| Furniture and vehicles24 | - | €53,567 | €50,354 | €45,038 | €19,505 | ▼ 56.7% |
| Financial fixed assets28 | €203 | €5,603 | €5,603 | €5,603 | €5,603 | = |
| Current assets29/58 | €175,545 | €439,749 | €217,321 | €210,814 | €178,725 | ▼ 15.2% |
| Amounts receivable within one year40/41 | €158,435 | €426,893 | €209,271 | €210,754 | €176,675 | ▼ 16.2% |
| Trade receivables40 | - | €412,163 | €173,564 | €137,047 | €118,050 | ▼ 13.9% |
| Other amounts receivable41 | - | €14,730 | €35,707 | €73,706 | €58,625 | ▼ 20.5% |
| Cash at bank and in hand54/58 | €10,174 | €12,495 | €8,050 | €60 | €2,050 | ▲ 3,303% |
| Deferred charges and accrued income490/1 | - | €361 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €423,543 | €601,703 | €465,355 | €465,851 | €390,191 | ▼ 16.2% |
| Equity10/15 | €169,021 | €310,406 | €299,791 | €293,263 | €204,088 | ▼ 30.4% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €107,048 | €248,433 | €237,818 | €231,290 | €219,758 | ▼ 5.0% |
| Non-distributable reserves130/1 | - | €6,083 | €6,083 | €6,197 | €6,197 | = |
| Legal reserve130 | - | €6,083 | €6,083 | €6,197 | €6,197 | = |
| Tax-exempt reserves132 | - | €141,329 | €133,373 | €121,374 | €109,842 | ▼ 9.5% |
| Distributable reserves133 | - | €101,021 | €98,362 | €103,718 | €103,718 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€77,644 | - |
| Provisions and deferred taxes16 | - | €35,332 | €33,343 | €30,343 | €27,461 | ▼ 9.5% |
| Deferred taxes168 | - | €35,332 | €33,343 | €30,343 | €27,461 | ▼ 9.5% |
| Amounts payable17/49 | €254,522 | €255,965 | €132,220 | €142,244 | €158,643 | ▲ 11.5% |
| Amounts payable after more than one year17 | €81,263 | €63,175 | €48,186 | €30,572 | €8,017 | ▼ 73.8% |
| Financial debts170/4 | - | €63,175 | €48,186 | €30,572 | €8,017 | ▼ 73.8% |
| Amounts payable within one year42/48 | €173,206 | €192,443 | €84,034 | €62,039 | €63,401 | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €18,088 | €14,988 | €14,480 | €19,067 | ▲ 31.7% |
| Trade debts44 | €130,024 | €162,394 | €60,781 | €40,020 | €2,358 | ▼ 94.1% |
| Suppliers440/4 | - | €162,394 | €60,781 | €40,020 | €2,358 | ▼ 94.1% |
| Taxes, remuneration and social security45 | - | €6,894 | €3,690 | €4,716 | €4,599 | ▼ 2.5% |
| Taxes450/3 | - | €6,894 | €3,690 | €4,716 | €4,599 | ▼ 2.5% |
| Other amounts payable47/48 | - | €5,066 | €4,575 | €2,824 | €37,377 | ▲ 1,224% |
| Accrued charges and deferred income492/3 | - | €347 | - | €49,633 | €87,225 | ▲ 75.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,746 | €141,385 | -€10,615 | -€6,528 | -€89,175 | ▼ 1,266% |
| + Depreciation and write-downs630 | €63,678 | €52,128 | €38,709 | €45,674 | €42,815 | ▼ 6.3% |
| Operating cash flow (approximation) | €72,424 | €193,512 | €28,094 | €39,145 | -€46,360 | ▼ 218% |
| Investment in fixed assets (approximation) | - | €33,916 | -€124,789 | -€52,677 | €756 | ▲ 101% |
| Change in cash | - | €2,321 | -€4,445 | -€7,990 | €1,990 | ▲ 125% |
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
06-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 98 days late
2024
31-12
Financial
Weakest financial yearnet -€89,175
Net result drops to -€89,175, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 130 days late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €141,385 ▲1,517%
Operating result €188,787, net result €141,385, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.29
Current ratio from 1.01 to 2.29.
31-12
Financial
Equity above €200,000Eq €310,406 ▲83.6%
4 profitable years in a row build equity to €310,406.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Equity above €150,000Eq €160,276 ▲14.3%
2 profitable years in a row build equity to €160,276.
19-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
2012
19-06
Bankruptcy
Opening
Rechtbank van koophandel te Dendermonde · event 11-06-2012
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
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Directors · office · real estate
Directors
7 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, Ninove · 1 establishment unit since 1997
Ground area
1,805 m²
Building footprint
420 m²
Volume, LiDAR
2,650 m³
Parcel 41055B0837/00Y000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brakelsesteenweg 208, 9406 Ninove
since 19972.084.754.286
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41055B0837/00Y000 | Flanders | 1,805 m² | 1 · 420 m² | 11.7 m · 2 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 | Mr. MAGDA JANNIS 9200 DENDERMONDE, GROTE MARKT 19 |
11-06-2012 → present |
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,362 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-12-1997
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462090677
Also
9925:BE0462090677
Registered
25-09-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.