EL GRECO
Open bankruptcySummary
A bankruptcy procedure is open for EL GRECO according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €101,500 and a net result of -€29,135.
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, Namur division
- Declared bankrupt
- 8 January 2026
- Supervising judge
- Baudouin Durieux
- Official Gazette
- 15-01-2026 (pdf) ↗search the document for 2026/101199
Deadlines
- Appeal or third-party opposition until
- passed on 30 January 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 7 February 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 17 February 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
- 8 January 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Benoit BuchetAvenue Cardinal Mercier 48, 5000 Namurbuchet@etude-buchet.be
- Arnaud MeunierGrand-Place 113, 5300 01 Sclayna.meunier@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
Two signals.
+raises risk
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
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€101,500▼ 22.3%
2023 · €130,634
Total assets
€130,699▼ 32.8%
2023 · €194,594
Net result
-€29,135
2023 · €31,397
Working capital
€96,384▼ 29.2%
2023 · €136,164
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€23,174▲ 75.6%€72,301▲ 212%€56,071▼ 22.4%€44,766▼ 20.2%-€26,656
Net result€22,433▲ 556%€59,112▲ 164%€33,999▼ 42.5%€31,397▼ 7.7%-€29,135
Equity€6,126€65,238▲ 965%€99,237▲ 52.1%€130,634▲ 31.6%€101,500▼ 22.3%
Total assets€74,093▲ 28.4%€150,673▲ 103%€196,540▲ 30.4%€194,594▼ 1.0%€130,699▼ 32.8%
Debt€67,967▼ 8.2%€85,435▲ 25.7%€97,303▲ 13.9%€63,959▼ 34.3%€29,199▼ 54.3%
Working capital€26,574€83,229▲ 213%€110,345▲ 32.6%€136,164▲ 23.4%€96,384▼ 29.2%
Staff (FTE)0.5▼ 28.6%1▲ 100%1=1.3▲ 30.0%
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 2024: a loss of €26,656 after €44,766 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €130,699
Fixed assets
€9,640 ▼ 19.1%
Current assets
€121,059 ▼ 33.7%
Equity and liabilities €130,699
Equity
€101,500 ▼ 22.3%
Debt
€29,199 ▼ 54.3%
Debt's share of the balance-sheet total falls from 32.9% to 22.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€24,377▼
2023 · €51,055
Cash flow
-€26,855▼
2023 · €37,687
Current ratio
4.91▲
2023 · 3.93
Debt to equity
0.29▼
2023 · 0.49
ROE
-28.7%▼
2023 · 24.0%
ROA
-22.3%▼
2023 · 16.1%
Interest coverage
-9.83▼
2023 · 14.96
Debt ≤ 1 year
€24,675▼
2023 · €46,510
Debt > 1 year
€4,524▼
2023 · €17,449
Staff costs
€21,728▼
2023 · €28,974
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €12,444 | €19,979 | €28,974 | €21,728 | ▼ 25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,989 | €5,293 | €5,901 | €6,289 | €2,279 | ▼ 63.8% |
| Other operating charges640/8 | - | €2,495 | €5,751 | €6,654 | €2,130 | ▼ 68.0% |
| Gross operating margin9900 | €45,106 | €92,533 | €87,702 | €86,683 | -€518 | ▼ 101% |
| Operating profit (loss)9901 | €23,174 | €72,301 | €56,071 | €44,766 | -€26,656 | ▼ 160% |
| Financial income75/76B | - | €15,088 | - | €44 | €1 | ▼ 97.8% |
| Recurring financial income75 | €4 | €88 | - | €44 | €1 | ▼ 97.8% |
| Non-recurring financial income76B | - | €15,000 | - | - | - | - |
| Financial charges65/66B | - | €11,474 | €10,073 | €3,413 | €2,479 | ▼ 27.4% |
| Recurring financial charges65 | €5,568 | €11,474 | €10,073 | €3,413 | €2,479 | ▼ 27.4% |
| Profit (loss) for the period before taxes9903 | €27,610 | €75,915 | €45,999 | €41,397 | -€29,135 | ▼ 170% |
| Income taxes67/77 | €5,177 | €16,803 | €12,000 | €10,000 | - | - |
| Profit (loss) for the period9904 | €22,433 | €59,112 | €33,999 | €31,397 | -€29,135 | ▼ 193% |
| Profit (loss) for the period to be appropriated9905 | €22,433 | €59,112 | €33,999 | €31,397 | -€29,135 | ▼ 193% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,093 | €150,673 | €196,540 | €194,594 | €130,699 | ▼ 32.8% |
| Fixed assets21/28 | €16,743 | €15,624 | €13,966 | €11,919 | €9,640 | ▼ 19.1% |
| Intangible fixed assets21 | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €16,743 | €15,624 | €13,966 | €11,919 | €9,640 | ▼ 19.1% |
| Land and buildings22 | - | €1,283 | €1,111 | €5,182 | €4,586 | ▼ 11.5% |
| Plant, machinery and equipment23 | - | €1,894 | €1,894 | €1,894 | €1,894 | = |
| Furniture and vehicles24 | - | €3,579 | €6,527 | €409 | - | - |
| Leasing and similar rights25 | - | €8,868 | €4,434 | €4,434 | €3,160 | ▼ 28.7% |
| Current assets29/58 | €57,350 | €135,049 | €182,574 | €182,674 | €121,059 | ▼ 33.7% |
| Stocks and contracts in progress3 | €8,000 | €8,000 | €7,500 | €5,300 | - | - |
| Stocks30/36 | - | €8,000 | €7,500 | €5,300 | - | - |
| Amounts receivable within one year40/41 | €40,700 | €97,383 | €140,306 | €142,207 | €98,959 | ▼ 30.4% |
| Other amounts receivable41 | - | €97,383 | €140,306 | €142,207 | €98,959 | ▼ 30.4% |
| Cash at bank and in hand54/58 | €8,649 | €29,233 | €34,069 | €34,468 | €22,100 | ▼ 35.9% |
| Deferred charges and accrued income490/1 | - | €433 | €699 | €699 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,093 | €150,673 | €196,540 | €194,594 | €130,699 | ▼ 32.8% |
| Equity10/15 | €6,126 | €65,238 | €99,237 | €130,634 | €101,500 | ▼ 22.3% |
| Contributions10/11 | - | €6,205 | €6,205 | €6,205 | €6,205 | = |
| Revaluation surpluses12 | - | €1,894 | €1,894 | €1,894 | €1,894 | = |
| Reserves13 | €1,167 | €57,139 | €57,139 | €57,139 | €57,139 | = |
| Non-distributable reserves130/1 | - | €1,167 | €57,139 | €57,139 | €57,139 | = |
| Reserves not available under the articles1311 | - | €1,167 | €1,167 | €1,167 | €1,167 | = |
| Other1319 | - | - | €55,972 | €55,972 | €55,972 | = |
| Distributable reserves133 | - | €55,972 | - | - | - | - |
| Profit (loss) carried forward14 | -€3,140 | - | €33,999 | €65,396 | €36,261 | ▼ 44.6% |
| Amounts payable17/49 | €67,967 | €85,435 | €97,303 | €63,959 | €29,199 | ▼ 54.3% |
| Amounts payable after more than one year17 | €37,190 | €33,615 | €25,074 | €17,449 | €4,524 | ▼ 74.1% |
| Financial debts170/4 | - | €33,615 | €25,074 | €17,449 | €4,524 | ▼ 74.1% |
| Amounts payable within one year42/48 | €30,776 | €51,820 | €72,229 | €46,510 | €24,675 | ▼ 46.9% |
| Current portion of amounts payable after more than one year42 | - | €14,382 | €13,160 | €4,689 | €7,490 | ▲ 59.7% |
| Financial debts43 | - | €13,657 | €15,037 | €13,060 | - | - |
| Credit institutions430/8 | - | €13,657 | €15,037 | €13,060 | - | - |
| Trade debts44 | €3,195 | €4,136 | €312 | €1,793 | - | - |
| Suppliers440/4 | - | €4,136 | €312 | €1,793 | - | - |
| Taxes, remuneration and social security45 | - | €19,645 | €43,721 | €26,968 | €17,185 | ▼ 36.3% |
| Taxes450/3 | - | €18,725 | €40,652 | €23,169 | €15,517 | ▼ 33.0% |
| Remuneration and social security454/9 | - | €920 | €3,069 | €3,800 | €1,668 | ▼ 56.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,433 | €59,112 | €33,999 | €31,397 | -€29,135 | ▼ 193% |
| + Depreciation and write-downs630 | €4,989 | €5,293 | €5,901 | €6,289 | €2,279 | ▼ 63.8% |
| Operating cash flow (approximation) | €27,422 | €64,405 | €39,899 | €37,687 | -€26,855 | ▼ 171% |
| Investment in fixed assets (approximation) | - | -€4,174 | -€4,243 | -€4,243 | €0 | ▲ 100% |
| Change in cash | - | €20,584 | €4,836 | €399 | -€12,368 | ▼ 3,198% |
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
2026
15-01
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 08-01-2026
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 161 days late
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 309 days late
2024
31-12
Financial
Weakest financial yearnet -€29,135
Net result drops to -€29,135, the lowest in the series.
18-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 202 days late
2023
31-12
Financial
Equity above €100,000Eq €130,634 ▲31.6%
6 profitable years in a row build equity to €130,634.
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
31-12
Financial
Highest result since 2018net €59,112 ▲164%
Operating result €72,301, net result €59,112, both a record.
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 136 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.86
Current ratio from 0.86 to 1.86; short-term debt falls from €41,680 to €30,776.
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 141 days late
2019
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 83 days late
Show earlier events
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 88 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 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, Namur · 1 establishment unit since 1995
Ground area
632 m²
Building footprint
174 m²
Volume, LiDAR
1,299 m³
Parcel 92021A0052/00D000, Wallonia · tallest building 14.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Sardanson(BU) 22, 5004 Namur
since 19952.073.011.744
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92021A0052/00D000 | Wallonia | 632 m² | 1 · 174 m² | 14.2 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | BENOIT BUCHET Avenue Cardinal Mercier 48,
5000 NAMUR |
08-01-2026 → present |
| Curator | ARNAUD MEUNIER GRAND-PLACE 113, 5300 01 SCLAYN |
08-01-2026 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded15-06-1995
Fiscal year end31-12
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.