ELESOL
Open bankruptcyA bankruptcy procedure is open for ELESOL according to publications in the Belgian State Gazette; curator: Eric FLAMEE.
Summary
The 2022 annual accounts show equity of €31,257 and a net result of €13,041.
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 Ghent, Oudenaarde division
- Declared bankrupt
- 22 February 2024
- Supervising judge
- Edwin Meysmans
- Official Gazette
- 28-02-2024 (pdf) ↗search the document for 2024/108077
Deadlines
- Provisional date payments stopped
- 22 February 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 14 March 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 23 March 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 4 April 2024Goods 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 22 February 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Eric FlameeEiland 27, 9520 Sint-Lievens-Houtemef@flamee-vanderstichelen.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
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 21-06-2023, 40 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
40 d early
2021
29 d late
2020
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 Wholesale of cars and light vans (up to 3.5 tonnes) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€31,257▲ 71.6%
2021 · €18,216
Total assets
€417,570▲ 6.4%
2021 · €392,493
Net result
€13,041
2021 · -€92,662
Working capital
€28,083▼ 31.3%
2021 · €40,857
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line202020212022
Operating result€185,053--€88,063€32,303
Net result€160,878above the sector's middle half--€92,662below the sector's middle half€13,041within the sector's middle half
Equity€110,878within the sector's middle half-€18,216below the sector's middle half▼ 83.6%€31,257within the sector's middle half▲ 71.6%
Total assets€281,754within the sector's middle half-€392,493below the sector's middle half▲ 39.3%€417,570above the sector's middle half▲ 6.4%
Debt€170,876-€374,278▲ 119%€386,314▲ 3.2%
Working capital€101,832above the sector's middle half-€40,857below the sector's middle half▼ 59.9%€28,083within the sector's middle half▼ 31.3%
Solvency39.4%within the sector's middle half-4.6%below the sector's middle half▼ 34.7pp7.5%within the sector's middle half▲ 2.8pp
Current ratio1.67within the sector's middle half-1.13below the sector's middle half▼ 0.531.08within the sector's middle half▼ 0.06
Return on assets (ROA)57.1%above the sector's middle half--23.6%below the sector's middle half▼ 80.7pp3.1%within the sector's middle half▲ 26.7pp
Staff (FTE)0.2below the sector's middle half-1.8within the sector's middle half▲ 800%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 returns to profit in 2022: €32,303 after a loss of €88,063 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €410,825
Fixed assets
€21,075 ▼ 44.5%
Current assets
€389,750 ▲ 12.7%
Equity and liabilities €417,570
Equity
€31,257 ▲ 71.6%
Debt
€386,314 ▲ 3.2%
Debt's share of the balance-sheet total falls from 95.4% to 92.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€40,423▲
2021 · -€78,597
Cash flow
€21,161▲
2021 · -€83,197
Quick ratio
1.00▼
2021 · 1.02
Debt to equity
12.36▼
2021 · 20.55
ROE
41.7%▲
2021 · -508.7%
Interest coverage
1.91▲
2021 · -17.14
Debt ≤ 1 year
€361,667▲
2021 · €304,946
Debt > 1 year
€24,647▼
2021 · €53,216
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,006 | - | - |
| Remuneration, social security and pensions62 | - | €101,766 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,128 | €9,465 | €8,120 | ▼ 14.2% |
| Other operating charges640/8 | - | €2,487 | €6,382 | ▲ 157% |
| Non-recurring operating charges66A | - | €5,347 | - | - |
| Gross operating margin9900 | €198,764 | €31,003 | €46,806 | ▲ 51.0% |
| Operating profit (loss)9901 | €185,053 | -€88,063 | €32,303 | ▲ 137% |
| Financial income75/76B | - | €90 | €1,879 | ▲ 1,983% |
| Recurring financial income75 | €94 | €90 | €1,879 | ▲ 1,983% |
| Financial charges65/66B | - | €4,587 | €21,141 | ▲ 361% |
| Recurring financial charges65 | €1,175 | €4,587 | €21,141 | ▲ 361% |
| Profit (loss) for the period before taxes9903 | €183,971 | -€92,559 | €13,041 | ▲ 114% |
| Income taxes67/77 | €23,093 | €103 | - | - |
| Profit (loss) for the period9904 | €160,878 | -€92,662 | €13,041 | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €160,878 | -€92,662 | €13,041 | ▲ 114% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €281,754 | €392,493 | €417,570 | ▲ 6.4% |
| Formation expenses20 | - | €8,745 | €6,745 | ▼ 22.9% |
| Fixed assets21/28 | €27,607 | €37,945 | €21,075 | ▼ 44.5% |
| Intangible fixed assets21 | - | €13,708 | €10,646 | ▼ 22.3% |
| Tangible fixed assets22/27 | €27,607 | €24,237 | €10,429 | ▼ 57.0% |
| Furniture and vehicles24 | - | €8,403 | €9,377 | ▲ 11.6% |
| Other tangible fixed assets26 | - | €15,835 | €1,052 | ▼ 93.4% |
| Current assets29/58 | €254,147 | €345,803 | €389,750 | ▲ 12.7% |
| Amounts receivable after more than one year29 | - | €60,000 | €60,000 | = |
| Other amounts receivable291 | - | €60,000 | €60,000 | = |
| Stocks and contracts in progress3 | €30,168 | €35,140 | €28,455 | ▼ 19.0% |
| Stocks30/36 | - | €35,140 | €28,455 | ▼ 19.0% |
| Amounts receivable within one year40/41 | €168,978 | €217,898 | €252,751 | ▲ 16.0% |
| Trade receivables40 | - | €200,304 | €244,903 | ▲ 22.3% |
| Other amounts receivable41 | - | €17,594 | €7,848 | ▼ 55.4% |
| Cash at bank and in hand54/58 | €50,989 | €26,975 | €47,127 | ▲ 74.7% |
| Deferred charges and accrued income490/1 | - | €5,790 | €1,417 | ▼ 75.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €281,754 | €392,493 | €417,570 | ▲ 6.4% |
| Equity10/15 | €110,878 | €18,216 | €31,257 | ▲ 71.6% |
| Contributions10/11 | - | €10,000 | €10,000 | = |
| Reserves13 | €100,878 | €8,216 | €21,257 | ▲ 159% |
| Distributable reserves133 | - | €8,216 | €21,257 | ▲ 159% |
| Profit (loss) carried forward14 | - | €0 | - | - |
| Amounts payable17/49 | €170,876 | €374,278 | €386,314 | ▲ 3.2% |
| Amounts payable after more than one year17 | €18,560 | €53,216 | €24,647 | ▼ 53.7% |
| Financial debts170/4 | - | €53,216 | €24,647 | ▼ 53.7% |
| Amounts payable within one year42/48 | €152,316 | €304,946 | €361,667 | ▲ 18.6% |
| Current portion of amounts payable after more than one year42 | - | €27,845 | €28,569 | ▲ 2.6% |
| Trade debts44 | €53,185 | €185,989 | €321,366 | ▲ 72.8% |
| Suppliers440/4 | - | €185,989 | €321,366 | ▲ 72.8% |
| Taxes, remuneration and social security45 | - | €28,034 | €9,912 | ▼ 64.6% |
| Taxes450/3 | - | €23,196 | €7,812 | ▼ 66.3% |
| Remuneration and social security454/9 | - | €4,838 | €2,100 | ▼ 56.6% |
| Other amounts payable47/48 | - | €63,077 | €1,820 | ▼ 97.1% |
| Accrued charges and deferred income492/3 | - | €16,116 | - | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €160,878 | -€92,662 | €13,041 | ▲ 114% |
| + Depreciation and write-downs630 | €3,128 | €9,465 | €8,120 | ▼ 14.2% |
| Operating cash flow (approximation) | €164,006 | -€83,197 | €21,161 | ▲ 125% |
| Investment in fixed assets (approximation) | - | -€19,804 | €8,750 | ▲ 144% |
| Change in cash | - | -€24,014 | €20,152 | ▲ 184% |
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
2024
28-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · event 22-02-2024
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €13,041
Net result €13,041 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet -€92,662
Net result drops to -€92,662, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Zottegem · 1 establishment unit since 2019
Ground area
2,917 m²
Building footprint
1,085 m²
Volume, LiDAR
6,697 m³
Parcel 41035A0229/00Z000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELESOL
since 20192.292.595.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41035A0229/00Z000 | Flanders | 2,917 m² | 1 · 1,085 m² | 7.5 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 | Eric FLAMEE EILAND 27, 9520 SINT-LIEVENS-HOUTEM- |
22-02-2024 → present |
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Of 2,129 companies in sector 46711 we hold annual accounts for 1,130. 666 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-08-2019
Fiscal year end31-12
Trade name NL
KADICON EV
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
33120Repair and maintenance of machinery
33140Repair and maintenance of electrical equipment
33200Installation of industrial machinery and equipment
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
81220Other building cleaning and industrial cleaning
82990Other business support services
85599Other education
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 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.