ENERGY SYSTEM
Bankruptcy closedSummary
ENERGY SYSTEM was declared bankrupt on 27-05-2024 (Tribunal de l’entreprise de Liège, division Liège); according to the publications in the Belgian State Gazette the procedure is no longer open (latest notice 11-07-2024). The 2023 annual accounts show negative equity (-€16,054) and a net result of -€45,674.
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Source: KBO register
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.
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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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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. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
31 d late
2021
31 d late
2020
24 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 29 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 Are there other customers at risk in your own list?List enrichment How is the Retail sale of household furniture sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€16,054
2022 · €29,620
Total assets
€59,171▼ 54.9%
2022 · €131,147
Net result
-€45,674
2022 · €27,583
Working capital
-€19,351
2022 · €22,649
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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
Line20192020202120222023
Operating result€18,684▲ 86.1%-€871-€6,027▼ 592%€28,113-€44,165
Net result€18,603▲ 86.5%-€575within the sector's middle half-€5,531below the sector's middle half▼ 862%€27,583above the sector's middle half-€45,674below the sector's middle half
Equity€8,144€7,569within the sector's middle half▼ 7.1%€2,037below the sector's middle half▼ 73.1%€29,620within the sector's middle half▲ 1,354%-€16,054below the sector's middle half
Total assets€38,618▼ 1.2%€42,121below the sector's middle half▲ 9.1%€42,220below the sector's middle half▲ 0.2%€131,147within the sector's middle half▲ 211%€59,171within the sector's middle half▼ 54.9%
Debt€30,474▼ 38.5%€34,553▲ 13.4%€40,183▲ 16.3%€101,527▲ 153%€75,225▼ 25.9%
Working capital€2,707€4,231within the sector's middle half▲ 56.3%-€938within the sector's middle half€22,649within the sector's middle half-€19,351below the sector's middle half
Solvency21.1%▲ 47.8pp18.0%within the sector's middle half▼ 3.1pp4.8%below the sector's middle half▼ 13.1pp22.6%within the sector's middle half▲ 17.8pp-27.1%below the sector's middle half▼ 49.7pp
Current ratio1.09▲ 0.421.12within the sector's middle half▲ 0.030.98within the sector's middle half▼ 0.151.29within the sector's middle half▲ 0.310.68below the sector's middle half▼ 0.61
Return on assets (ROA)48.2%▲ 22.7pp-1.4%within the sector's middle half▼ 49.5pp-13.1%below the sector's middle half▼ 11.7pp21.0%above the sector's middle half▲ 34.1pp-77.2%below the sector's middle half▼ 98.2pp
Staff (FTE)0.3
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 2023: a loss of €44,165 after €28,113 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €59,171
Fixed assets
€18,912 ▼ 35.1%
Current assets
€40,258 ▼ 60.5%
Key figures and ratios
EBITDA
-€35,928▼
2022 · €33,913
Cash flow
-€37,436▼
2022 · €33,383
Debt to equity
-4.69▼
2022 · 3.43
Interest coverage
-23.81▼
2022 · 35.80
Debt ≤ 1 year
€59,609▼
2022 · €79,348
Debt > 1 year
€15,615▼
2022 · €22,179
Staff costs
€13,829▲
2022 · €11,860
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €11,860 | €13,829 | ▲ 16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,942 | €2,984 | €362 | €5,800 | €8,238 | ▲ 42.0% |
| Other operating charges640/8 | - | - | €567 | €1,792 | €3,543 | ▲ 97.7% |
| Gross operating margin9900 | €23,231 | €4,468 | -€5,098 | €47,565 | -€18,555 | ▼ 139% |
| Operating profit (loss)9901 | €18,684 | -€871 | -€6,027 | €28,113 | -€44,165 | ▼ 257% |
| Financial income75/76B | - | - | €1,235 | €2,931 | - | - |
| Recurring financial income75 | €281 | €614 | €1,235 | €2,931 | - | - |
| Financial charges65/66B | - | - | €740 | €947 | €1,509 | ▲ 59.3% |
| Recurring financial charges65 | €361 | €319 | €740 | €947 | €1,509 | ▲ 59.3% |
| Profit (loss) for the period before taxes9903 | €18,603 | -€575 | -€5,531 | €30,096 | -€45,674 | ▼ 252% |
| Income taxes67/77 | - | - | - | €2,513 | - | - |
| Profit (loss) for the period9904 | €18,603 | -€575 | -€5,531 | €27,583 | -€45,674 | ▼ 266% |
| Profit (loss) for the period to be appropriated9905 | €18,603 | -€575 | -€5,531 | €27,583 | -€45,674 | ▼ 266% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,618 | €42,121 | €42,220 | €131,147 | €59,171 | ▼ 54.9% |
| Formation expenses20 | €61 | - | - | - | - | - |
| Fixed assets21/28 | €6,260 | €3,337 | €2,975 | €29,150 | €18,912 | ▼ 35.1% |
| Intangible fixed assets21 | €33 | - | - | - | - | - |
| Tangible fixed assets22/27 | €4,227 | €1,337 | €975 | €27,150 | €18,912 | ▼ 30.3% |
| Furniture and vehicles24 | - | - | - | €27,150 | €18,912 | ▼ 30.3% |
| Other tangible fixed assets26 | - | - | €975 | - | - | - |
| Financial fixed assets28 | €2,000 | €2,000 | €2,000 | €2,000 | - | - |
| Current assets29/58 | €32,297 | €38,784 | €39,245 | €101,997 | €40,258 | ▼ 60.5% |
| Stocks and contracts in progress3 | €25,843 | €25,843 | - | - | - | - |
| Amounts receivable within one year40/41 | €5,120 | €12,232 | €34,315 | €99,449 | €39,619 | ▼ 60.2% |
| Trade receivables40 | - | - | €4,751 | €43,992 | €38,223 | ▼ 13.1% |
| Other amounts receivable41 | - | - | €29,564 | €55,457 | €1,396 | ▼ 97.5% |
| Cash at bank and in hand54/58 | €1,334 | €710 | €4,930 | €2,548 | €639 | ▼ 74.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,618 | €42,121 | €42,220 | €131,147 | €59,171 | ▼ 54.9% |
| Equity10/15 | €8,144 | €7,569 | €2,037 | €29,620 | -€16,054 | ▼ 154% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€10,456 | -€11,031 | -€16,563 | €11,020 | -€34,654 | ▼ 414% |
| Amounts payable17/49 | €30,474 | €34,553 | €40,183 | €101,527 | €75,225 | ▼ 25.9% |
| Amounts payable after more than one year17 | - | - | - | €22,179 | €15,615 | ▼ 29.6% |
| Financial debts170/4 | - | - | - | €22,179 | €15,615 | ▼ 29.6% |
| Amounts payable within one year42/48 | €29,590 | €34,553 | €40,183 | €79,348 | €59,609 | ▼ 24.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,488 | €6,564 | ▲ 1.2% |
| Trade debts44 | €14,448 | €17,529 | €26,470 | €47,523 | €34,541 | ▼ 27.3% |
| Suppliers440/4 | - | - | €26,470 | €47,523 | €34,541 | ▼ 27.3% |
| Advances received on contracts in progress46 | - | - | €3,303 | €3,303 | - | - |
| Taxes, remuneration and social security45 | - | - | €996 | €12,450 | €3,537 | ▼ 71.6% |
| Taxes450/3 | - | - | €996 | €10,006 | €3,537 | ▼ 64.7% |
| Remuneration and social security454/9 | - | - | - | €2,445 | - | - |
| Other amounts payable47/48 | - | - | €9,414 | €9,584 | €14,968 | ▲ 56.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,603 | -€575 | -€5,531 | €27,583 | -€45,674 | ▼ 266% |
| + Depreciation and write-downs630 | €3,942 | €2,984 | €362 | €5,800 | €8,238 | ▲ 42.0% |
| Operating cash flow (approximation) | €22,546 | €2,408 | -€5,170 | €33,383 | -€37,436 | ▼ 212% |
| Investment in fixed assets (approximation) | - | -€61 | €0 | -€31,975 | €2,000 | ▲ 106% |
| Change in cash | - | -€624 | €4,221 | -€2,383 | -€1,908 | ▲ 19.9% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
11-07
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise de Liège, division Liège · event 26-06-2024
04-07
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise de Liège, division Liège · event 26-06-2024
31-05
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 27-05-2024
2023
31-12
Financial
Weakest financial yearnet -€45,674
Net result drops to -€45,674, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €27,583
Net result €27,583 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Liège · 1 establishment unit since 2015
Ground area
3,917 m²
Building footprint
86 m²
Volume, LiDAR
641 m³
Parcel 62023A0203/00K002, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ENERGY SYSTEM
since 20152.243.133.413
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62023A0203/00K002 | Wallonia | 3,917 m² | 1 · 86 m² | 9.0 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 | PIERRE DUSART AVENUE CONSTANTIN DE
GERLACHE 41, 4000 LIEGE 1 |
27-05-2024 → present |
| Curator | PIERRE-FRANCOIS
BOURLET CHAUSSEE DU ROI ALBERT 16, 4432 ALLEUR- |
27-05-2024 → present |
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Of 2,605 companies in sector 47551 we hold annual accounts for 1,723. 1,048 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
Founded23-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
43320Joinery installation
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.