EPISES
Open bankruptcyA bankruptcy procedure is open for EPISES according to publications in the Belgian State Gazette; curator: STEVEN DE RAEVE.
Summary
The 2022 annual accounts show negative equity (€-45k) and a net result of €-85k.
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, Dendermonde division
- Declared bankrupt
- 4 March 2024
- Supervising judge
- Harry Cornelis
- Official Gazette
- 08-03-2024 (pdf) ↗search the document for 2024/109843
Curator
- Steven De RaeveNoordlaan 28, 9200 Dender- Mondeinfo@advocaatderaeve.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.
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.
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. Full guide for creditors
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 11-07-2023, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
20 d early
2021
31 d late
2020
31 d late
2019
83 d late
← before the deadline
after the deadline →
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 or domiciliation address?Address check Are there other customers at risk in your own list?Debtor check How is the Installation of electric heating, air conditioning, cooling and ventilation sector doing?Sector figures
Financials · fiscal year 2022, micro schema
Equity
€-45k
2021 · €39k
Total assets
€342k▼ 41.5%
2021 · €585k
Net result
€-85k
2021 · €101k
Working capital
€-49k
2021 · €36k
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
Line20182019202020212022
Operating result€-73k-€-304k▼ 315%€174k€77k▼ 55.8%€-84k
Net result€-93k-€-310k▼ 235%€170k€101k▼ 40.9%€-85k
Equity€79k-€-231k€-61k▲ 73.6%€39k€-45k
Total assets€1.16M-€726k▼ 37.5%€783k▲ 7.8%€585k▼ 25.3%€342k▼ 41.5%
Debt€1.08M-€958k▼ 11.6%€844k▼ 11.9%€546k▼ 35.3%€387k▼ 29.0%
Working capital€72k-€-235k€-59k▲ 75.1%€36k€-49k
Staff (FTE)14.6-13.7▼ 6.2%11.3▼ 17.5%11.6▲ 2.7%10.9▼ 6.0%
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 turns negative in 2022: a loss of €84k after €77k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €342k
Fixed assets
€4k ▲ 14.8%
Current assets
€338k ▼ 41.9%
Key figures and ratios
EBITDA
€-83k▼
2021 · €77k
Cash flow
€-84k▼
2021 · €101k
Solvency
-13.2%▼
2021 · 6.7%
Current ratio
0.87▼
2021 · 1.07
Quick ratio
0.71▼
2021 · 0.95
Debt to equity
-8.56▼
2021 · 13.82
ROA
-24.8%▼
2021 · 17.2%
Interest coverage
-39.22▼
2021 · 71.71
Debt ≤ 1 year
€387k▼
2021 · €546k
Income taxes
€117▲
2021 · €-25k
Staff costs
€258k▼
2021 · €392k
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6k | €4k | ▼ 26.1% |
| Remuneration, social security and pensions62 | - | - | - | €392k | €258k | ▼ 34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €18k | €11k | €406 | €555 | ▲ 36.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €13k | - | - |
| Other operating charges640/8 | - | - | - | €3k | €2k | ▼ 30.1% |
| Gross operating margin9900 | €619k | €342k | €645k | €485k | €177k | ▼ 63.5% |
| Operating profit (loss)9901 | €-73k | €-304k | €174k | €77k | €-84k | ▼ 209% |
| Financial income75/76B | - | - | - | - | €1k | - |
| Recurring financial income75 | - | - | €1 | - | €1k | - |
| Financial charges65/66B | - | - | - | €1k | €2k | ▲ 97.1% |
| Recurring financial charges65 | €19k | €10k | €3k | €1k | €2k | ▲ 97.1% |
| Profit (loss) for the period before taxes9903 | €-92k | €-315k | €170k | €76k | €-85k | ▼ 212% |
| Income taxes67/77 | €333 | €-4k | €109 | €-25k | €117 | ▲ 100% |
| Profit (loss) for the period9904 | €-93k | €-310k | €170k | €101k | €-85k | ▼ 184% |
| Profit (loss) for the period to be appropriated9905 | €-93k | €-310k | €170k | €101k | €-85k | ▼ 184% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.16M | €726k | €783k | €585k | €342k | ▼ 41.5% |
| Fixed assets21/28 | €33k | €17k | €4k | €3k | €4k | ▲ 14.8% |
| Tangible fixed assets22/27 | €32k | €17k | €4k | €3k | €4k | ▲ 16.2% |
| Furniture and vehicles24 | - | - | - | €3k | €4k | ▲ 16.2% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €1.13M | €709k | €779k | €582k | €338k | ▼ 41.9% |
| Stocks and contracts in progress3 | €101k | €95k | €102k | €62k | €63k | ▲ 2.0% |
| Stocks30/36 | - | - | - | €62k | €63k | ▲ 2.0% |
| Amounts receivable within one year40/41 | €662k | €293k | €591k | €395k | €207k | ▼ 47.6% |
| Trade receivables40 | - | - | - | €374k | €191k | ▼ 48.8% |
| Other amounts receivable41 | - | - | - | €21k | €16k | ▼ 26.2% |
| Cash at bank and in hand54/58 | €225k | €168k | €77k | €125k | €63k | ▼ 49.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €5k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.16M | €726k | €783k | €585k | €342k | ▼ 41.5% |
| Equity10/15 | €79k | €-231k | €-61k | €39k | €-45k | ▼ 215% |
| Contributions10/11 | €19k | €19k | - | €19k | €19k | = |
| Outside capital11 | - | - | - | €19k | - | - |
| Other1109/19 | - | - | - | €19k | - | - |
| Reserves13 | €93k | €93k | €93k | €93k | €2k | ▼ 98.0% |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €91k | - | - |
| Profit (loss) carried forward14 | €-32k | €-343k | €-173k | €-72k | €-66k | ▲ 8.8% |
| Amounts payable17/49 | €1.08M | €958k | €844k | €546k | €387k | ▼ 29.0% |
| Amounts payable after more than one year17 | €26k | €12k | €4k | - | - | - |
| Amounts payable within one year42/48 | €1.06M | €945k | €838k | €546k | €387k | ▼ 29.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4k | - | - |
| Trade debts44 | €871k | €749k | €613k | €359k | €256k | ▼ 28.6% |
| Suppliers440/4 | - | - | - | €359k | €256k | ▼ 28.6% |
| Taxes, remuneration and social security45 | - | - | - | €60k | €13k | ▼ 77.7% |
| Taxes450/3 | - | - | - | €9k | €234 | ▼ 97.5% |
| Remuneration and social security454/9 | - | - | - | €50k | €13k | ▼ 74.1% |
| Other amounts payable47/48 | - | - | - | €123k | €118k | ▼ 4.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-93k | €-310k | €170k | €101k | €-85k | ▼ 184% |
| + Depreciation and write-downs630 | €17k | €18k | €11k | €406 | €555 | ▲ 36.7% |
| Operating cash flow (approximation) | €-75k | €-292k | €181k | €101k | €-84k | ▼ 183% |
| Investment in fixed assets (approximation) | - | €-3k | €3k | €1 | €-1k | ▼ 106,900% |
| Change in cash | - | €-57k | €-91k | €49k | €-62k | ▼ 227% |
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
08-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 04-03-2024
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €170k
Net result €170k after 2 loss-making years.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 83 days late
2019
31-12
Financial
Weakest financial yearnet €-310k
Net result drops to €-310k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 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, Hamme (Vl.) · 1 establishment unit since 2008
Ground area
585 m²
Building footprint
358 m²
Volume, LiDAR
1,974 m³
Parcel 42452D1159/00F000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
EPISES
since 20082.172.430.707
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452D1159/00F000 | Flanders | 585 m² | 1 · 358 m² | 7.0 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN DE RAEVE NOORDLAAN 28, 9200 DENDER-
MONDE |
04-03-2024 → present |
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,666. 4,303 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
Founded12-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.