ELCA
Open bankruptcyAre 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 Antwerp, Turnhout division
- Declared bankrupt
- 20 October 2026
- Supervising judge
- Paul Goetstouwers
- Official Gazette
- 26-10-2026 (pdf) ↗search the document for 2026/145096
Deadlines
- Provisional date payments stopped
- 20 October 2026A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- 10 November 2026Fifteen 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
- 19 November 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- 1 December 2026Reclaim 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
- 20 October 2027A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Mark BruursAlphenseweg 12, 2387 Baarle- Hertogmarkbruurs@skynet.be
What to do now
- Stop delivering on credit unless the trustee agrees.
- 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, subject to conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything; once a deadline has passed, it is too late for that step.
File a claim in RegSol ↗
Follow
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Activity not known1 site
Size
€516,812total assets 2021
- Staff
- ≈ 0 FTE, estimated
- Equity
- -€43,864
- Loss
- -€22,137
Turnover not published (abbreviated or micro format)
Financial health
Open bankruptcy: no score
Structure
3 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcy2021 accounts filed 31 days lateAdministrative warnings in the KBO publicationsShow the evidence
Signals
Three signals.
raises risk
raises risk · 2021 accounts filed 31 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
31 days late
2020
18 days early
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 35 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
- OpeningEnterprise Court of Antwerp, Turnhout…
- Late accounts filingevent 18-08-2026
- Annual accounts filedfinancial year 2021 · abbreviated…
Financials · financial year 2021, abbreviated format
2021 annual accounts filed late (31 days) Filed on 31 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20365921.
Equity
-€43,864▼ 102%
2020 · -€21,727
Total assets
€516,812▼ 0.9%
2020 · €521,602
Net result
-€22,137
2020 · €25,590
Working capital
-€52,359▲ 83.5%
2020 · -€317,757
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result turns negative in 2021: a loss of €183,683 after €25,610 in 2020, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€183,683
2021
Net result-€22,137
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€516,812
2021
Equity-€43,864
2021
Debt€560,675
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€52,359
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€1,076--€23,928€25,610-€183,683
Net result-€504--€25,173▼ 4,891%€25,590-€22,137
Equity-€22,144--€47,317▼ 114%-€21,727▲ 54.1%-€43,864▼ 102%
Total assets€555,152-€536,787▼ 3.3%€521,602▼ 2.8%€516,812▼ 0.9%
Debt€577,296-€584,104▲ 1.2%€543,329▼ 7.0%€560,675▲ 3.2%
Working capital-€298,928--€333,211▼ 11.5%-€317,757▲ 4.6%-€52,359▲ 83.5%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €516,812
Fixed assets
€8,495 ▼ 97.2%
Current assets
€508,316 ▲ 137%
Equity and liabilities
Equity-€43,864
Debt€560,675
Equity is negative: debt (€560,675) exceeds the balance-sheet total (€516,812).
Key figures and ratios
EBITDA
-€179,156▼
2020 · €29,423
Cash flow
-€17,610▼
2020 · €29,403
Solvency
-8.5%▼
2020 · -4.2%
Current ratio
0.91▲
2020 · 0.40
ROA
-4.3%▼
2020 · 4.9%
Interest coverage
-148.26
Debt ≤ 1 year
€560,675▲
2020 · €531,970
Staff costs
€58
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €58 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,491 | €4,153 | €3,812 | €4,527 | ▲ 18.7% |
| Other operating charges640/8 | - | - | - | €142,418 | - |
| Gross operating margin9900 | €7,380 | -€16,068 | €31,723 | -€36,680 | - |
| Operating profit (loss)9901 | €1,076 | -€23,928 | €25,610 | -€183,683 | - |
| Financial income75/76B | - | - | - | €162,755 | - |
| Recurring financial income75 | €11 | - | €2,081 | €2,096 | ▲ 0.7% |
| Non-recurring financial income76B | - | - | - | €160,659 | - |
| Financial charges65/66B | - | - | - | €1,208 | - |
| Recurring financial charges65 | €1,454 | €1,106 | €932 | €1,208 | ▲ 29.6% |
| Profit (loss) for the period before taxes9903 | -€368 | -€25,033 | €26,760 | -€22,137 | - |
| Income taxes67/77 | €137 | €140 | €1,169 | - | - |
| Profit (loss) for the period9904 | -€504 | -€25,173 | €25,590 | -€22,137 | - |
| Profit (loss) for the period to be appropriated9905 | -€504 | -€25,173 | €25,590 | -€22,137 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €555,152 | €536,787 | €521,602 | €516,812 | ▼ 0.9% |
| Fixed assets21/28 | €302,727 | €304,623 | €307,388 | €8,495 | ▼ 97.2% |
| Tangible fixed assets22/27 | €302,727 | €304,623 | €307,388 | €8,495 | ▼ 97.2% |
| Plant, machinery and equipment23 | - | - | - | €645 | - |
| Furniture and vehicles24 | - | - | - | €7,850 | - |
| Current assets29/58 | €252,425 | €232,163 | €214,214 | €508,316 | ▲ 137% |
| Stocks and contracts in progress3 | €17,000 | €6,500 | €2,250 | - | - |
| Amounts receivable within one year40/41 | €181,006 | €193,089 | €190,347 | €500,527 | ▲ 163% |
| Trade receivables40 | - | - | - | €58,817 | - |
| Other amounts receivable41 | - | - | - | €441,709 | - |
| Cash at bank and in hand54/58 | €54,419 | €32,574 | €21,530 | €7,790 | ▼ 63.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €555,152 | €536,787 | €521,602 | €516,812 | ▼ 0.9% |
| Equity10/15 | -€22,144 | -€47,317 | -€21,727 | -€43,864 | ▼ 102% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | - |
| Issued capital100 | - | - | - | €62,000 | - |
| Profit (loss) carried forward14 | -€84,144 | -€109,317 | -€83,727 | -€105,864 | ▼ 26.4% |
| Amounts payable17/49 | €577,296 | €584,104 | €543,329 | €560,675 | ▲ 3.2% |
| Amounts payable after more than one year17 | €25,943 | €18,730 | €11,358 | - | - |
| Amounts payable within one year42/48 | €551,353 | €565,375 | €531,970 | €560,675 | ▲ 5.4% |
| Financial debts43 | - | - | - | €7 | - |
| Credit institutions430/8 | - | - | - | €7 | - |
| Trade debts44 | €106,365 | €83,758 | €20,271 | €42,244 | ▲ 108% |
| Suppliers440/4 | - | - | - | €42,244 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,392 | - |
| Taxes450/3 | - | - | - | €2,392 | - |
| Other amounts payable47/48 | - | - | - | €516,033 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€504 | -€25,173 | €25,590 | -€22,137 | - |
| + Depreciation and write-downs630 | €4,491 | €4,153 | €3,812 | €4,527 | ▲ 18.7% |
| Operating cash flow (approximation) | €3,987 | -€21,020 | €29,403 | -€17,610 | - |
| Investment in fixed assets (approximation) | - | -€6,050 | -€6,577 | €294,366 | - |
| Change in cash | - | -€21,845 | -€11,044 | -€13,741 | ▼ 24.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20365921 |
| 31-12-2020 | abbreviated format | 13-07-2021 | 2021-34200396 |
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-65100485 |
| 31-12-2018 | micro format | 27-10-2019 | 2019-72800357 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-54900558 |
| 31-12-2016 | micro format | 08-02-2018 | 2018-04600151 |
| 31-12-2015 | abbreviated format | 28-07-2016 | 2016-35900421 |
| 31-12-2014 | abbreviated format | 20-05-2016 | 2016-12500545 |
| 31-12-2013 | abbreviated format | 07-10-2014 | 2014-63300402 |
| 31-12-2012 | abbreviated format | 25-09-2014 | 2014-59600587 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Mark Bruurs Alphenseweg 12, 2387 Baarle- Hertog |
20-10-2026 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2026
26-10
Bankruptcy
Opening
Enterprise Court of Antwerp, Turnhout division · judgment of 20-10-2026
28-08
KBO administration
Late accounts filing
event 18-08-2026
2022
31-08
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format · 31 days late
2021
13-07
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
2020
31-12
Financial
Back to profitnet €25,590
Net result €25,590 after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format · 91 days late
2019
31-12
Financial
Weakest financial yearnet -€25,173
Net result drops to -€25,173, the lowest in the series.
27-10
NBB filing
Annual accounts filed
financial year 2018 · micro format · 88 days late
2018
31-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 31 days late
08-02
NBB filing
Annual accounts filed
financial year 2016 · micro format · 192 days late
2016
28-07
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
20-05
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 294 days late
2014
07-10
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format · 68 days late
25-09
NBB filing
Annual accounts filed
financial year 2012 · abbreviated format · 421 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 22 annual accounts filed, the latest 10 are here; all 22 are under Financials.
0 of 3 deeds read
About the unread acts
We know of 3 Belgian Official 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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Register details
Identification
Legal formPublic limited company
Founded05-04-2000
Financial year end31-12
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Ravels · 1 establishment unit since 2000
Ground area
1,239 m²
Building footprint
223 m²
Building volume
1,284 m³
2 parcels, Flanders · tallest building 9.5 m. Linked by address, not a title deed.
1 establishment unit
Zandkuilstraat 16, 2382 Ravels
since 2000unit no. 2.100.797.492
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13033B0680/00A000 | Flanders | 721 m² | 1 · 128 m² | 7.4 m · 2 |
| 13033B0469/00G000indicative | Flanders | 518 m² | 1 · 95 m² | 9.5 m · 2 |
How the parcels are linked
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.