EP M40
Open bankruptcyA bankruptcy procedure is open for EP M40 according to publications in the Belgian State Gazette; curator: PIETER MATTHEESSENS.
Summary
The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €265,995 and a net result of €5,394.
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 Antwerp, Antwerp division
- Declared bankrupt
- 6 April 2023
- Supervising judge
- Marc Dierckx
- Official Gazette
- 13-04-2023 (pdf) ↗search the document for 2023/114408
Deadlines
- Provisional date payments stopped
- 6 April 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 28 April 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 6 May 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 2 June 2023Goods 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 6 April 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Pieter MattheessensLange Lozanastraat 24, 2018 Antwerpen 1pieter.mattheessens@thales.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
Four 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 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
30 d late
2019
67 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 43 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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
Address struck
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 Real estate agency activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Equity
€265,995▲ 2.1%
2020 · €260,602
Total assets
€3.0m▼ 8.2%
2020 · €3.3m
Net result
€5,394
2020 · -€9,796
Working capital
€420,864▼ 31.2%
2020 · €611,486
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line2018201920202021
Operating result€23,537-€57,581▲ 145%-€53,259-€13,639▲ 74.4%
Net result€492--€1,882-€9,796within the sector's middle half▼ 421%€5,394within the sector's middle half
Equity€272,280-€270,398▼ 0.7%€260,602within the sector's middle half▼ 3.6%€265,995within the sector's middle half▲ 2.1%
Total assets€3.3m-€3.3m▲ 0.3%€3.3mwithin the sector's middle half▼ 0.2%€3.0mwithin the sector's middle half▼ 8.2%
Debt€2.9m-€2.9m▲ 0.5%€2.9m▲ 0.1%€2.6m▼ 9.4%
Working capital€464,038-€533,695▲ 15.0%€611,486above the sector's middle half▲ 14.6%€420,864within the sector's middle half▼ 31.2%
Solvency8.3%-8.2%▼ 0.1pp7.9%below the sector's middle half▼ 0.3pp8.8%below the sector's middle half▲ 0.9pp
Current ratio6.89-5.93▼ 0.966.47above the sector's middle half▲ 0.544.50above the sector's middle half▼ 1.97
Return on assets (ROA)0.0%--0.1%▼ 0.1pp-0.3%within the sector's middle half▼ 0.2pp0.2%within the sector's middle half▲ 0.5pp
Staff (FTE)0.1-
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,639 in 2021 against €53,259 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €3.0m
Fixed assets
€2.5m ▼ 3.4%
Current assets
€541,072 ▼ 25.2%
Equity and liabilities €3.0m
Equity
€265,995 ▲ 2.1%
Provisions
€107,973 ▼ 1.0%
Debt
€2.6m ▼ 9.4%
Debt's share of the balance-sheet total falls from 88.8% to 87.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€74,760▲
2020 · €35,140
Cash flow
€93,793▲
2020 · €78,603
Debt to equity
9.93▼
2020 · 10.35
ROE
2.0%▲
2020 · -3.8%
Interest coverage
2.48
Debt ≤ 1 year
€120,209▲
2020 · €111,763
Debt > 1 year
€2.5m▼
2020 · €2.7m
Income taxes
€28
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88,399 | €88,399 | €88,399 | €88,399 | = |
| Other operating charges640/8 | - | - | - | €20,105 | - |
| Gross operating margin9900 | €132,653 | €181,494 | €54,903 | €94,865 | ▲ 72.8% |
| Operating profit (loss)9901 | €23,537 | €57,581 | -€53,259 | -€13,639 | ▲ 74.4% |
| Financial income75/76B | - | - | - | €48,160 | - |
| Recurring financial income75 | €27,532 | €32,851 | €44,917 | €48,160 | ▲ 7.2% |
| Financial charges65/66B | - | - | - | €30,201 | - |
| Recurring financial charges65 | €51,593 | €93,233 | €2,556 | €30,201 | ▲ 1,082% |
| Profit (loss) for the period before taxes9903 | -€524 | -€2,801 | -€10,898 | €4,320 | ▲ 140% |
| Transfer from deferred taxes780 | - | - | - | €1,102 | - |
| Income taxes67/77 | €86 | €183 | - | €28 | - |
| Profit (loss) for the period9904 | €492 | -€1,882 | -€9,796 | €5,394 | ▲ 155% |
| Transfer from tax-exempt reserves789 | - | - | - | €2,140 | - |
| Profit (loss) for the period to be appropriated9905 | €2,631 | €258 | -€7,657 | €7,533 | ▲ 198% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.3m | €3.3m | €3.3m | €3.0m | ▼ 8.2% |
| Fixed assets21/28 | €2.7m | €2.7m | €2.6m | €2.5m | ▼ 3.4% |
| Tangible fixed assets22/27 | €2.7m | €2.7m | €2.6m | €2.5m | ▼ 3.4% |
| Land and buildings22 | - | - | - | €2.5m | - |
| Current assets29/58 | €542,772 | €641,961 | €723,249 | €541,072 | ▼ 25.2% |
| Amounts receivable after more than one year29 | - | - | - | €318,960 | - |
| Other amounts receivable291 | - | - | - | €318,960 | - |
| Amounts receivable within one year40/41 | €14,024 | €113,459 | €83,361 | €167,000 | ▲ 100% |
| Other amounts receivable41 | - | - | - | €167,000 | - |
| Current investments50/53 | €72,832 | - | - | - | - |
| Cash at bank and in hand54/58 | €426 | €408 | €966 | €8,293 | ▲ 759% |
| Deferred charges and accrued income490/1 | - | - | - | €46,820 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.3m | €3.3m | €3.3m | €3.0m | ▼ 8.2% |
| Equity10/15 | €272,280 | €270,398 | €260,602 | €265,995 | ▲ 2.1% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | - | €61,973 | - |
| Issued capital100 | - | - | - | €61,973 | - |
| Reserves13 | €216,106 | €213,967 | €211,827 | €209,688 | ▼ 1.0% |
| Tax-exempt reserves132 | - | - | - | €209,688 | - |
| Profit (loss) carried forward14 | -€5,800 | -€5,542 | -€13,199 | -€5,666 | ▲ 57.1% |
| Provisions and deferred taxes16 | €111,278 | €110,176 | €109,075 | €107,973 | ▼ 1.0% |
| Deferred taxes168 | - | - | - | €107,973 | - |
| Amounts payable17/49 | €2.9m | €2.9m | €2.9m | €2.6m | ▼ 9.4% |
| Amounts payable after more than one year17 | €2.8m | €2.8m | €2.7m | €2.5m | ▼ 9.0% |
| Financial debts170/4 | - | - | - | €312,626 | - |
| Other amounts payable178/9 | - | - | - | €2.1m | - |
| Amounts payable within one year42/48 | €78,734 | €108,266 | €111,763 | €120,209 | ▲ 7.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €79,348 | - |
| Trade debts44 | - | €17,541 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €114 | - |
| Taxes450/3 | - | - | - | €114 | - |
| Other amounts payable47/48 | - | - | - | €40,747 | - |
| Accrued charges and deferred income492/3 | - | - | - | €68,229 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €492 | -€1,882 | -€9,796 | €5,394 | ▲ 155% |
| + Depreciation and write-downs630 | €88,399 | €88,399 | €88,399 | €88,399 | = |
| Operating cash flow (approximation) | €88,891 | €86,517 | €78,603 | €93,793 | ▲ 19.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€18 | €558 | €7,327 | ▲ 1,214% |
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
22-08
KBO administration
Address struck
event 04-07-2024
2023
13-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 06-04-2023
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €5,394
Net result €5,394 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€9,796
Net result drops to -€9,796, the lowest in the series.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
2015
26-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
18-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
16-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 138 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Antwerpen · 1 establishment unit since 1991
Ground area
1,491 m²
Building footprint
984 m²
Volume, LiDAR
7,216 m³
Parcel 11463D0325/00K002, Flanders · tallest building 8.2 m, ±3 floors. Linked by address, not a title deed.
314
companies at this address
See who is registered here
1 establishment unit
VERIMASS IMMOBILIEN NV
since 19912.052.240.777
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0325/00K002 | Flanders | 1,491 m² | 1 · 984 m² | 8.2 m · 3 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 | PIETER MATTHEESSENS LANGE LOZANASTRAAT 24,
2018 ANTWERPEN 1 |
06-04-2023 → present |
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 5,044 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
Founded07-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
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.