EPYC
Open bankruptcyA bankruptcy procedure is open for EPYC according to publications in the Belgian State Gazette; curator: MIEKE VAN CUYCK.
Summary
The 2022 annual accounts show equity of €636,878 and a net result of -€241,519.
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, Ghent division
- Declared bankrupt
- 31 July 2023
- Supervising judge
- Toon Sorgeloos
- Official Gazette
- 10-08-2023 (pdf) ↗search the document for 2023/131487
Deadlines
- Provisional date payments stopped
- 28 July 2023Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 25 August 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 30 August 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 5 September 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 31 July 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Mieke Van CuyckSint-Christianastraat 48, 9890 04 Dikkelvennemieke@vancuyck.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 27-07-2023, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
4 d early
2021
11 d early
2020
39 d early
2019
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% 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 Other education sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Equity
€636,878▼ 27.5%
2021 · €878,397
Total assets
€1.2m▼ 31.2%
2021 · €1.8m
Net result
-€241,519
2021 · €67,096
Working capital
€556,767▼ 34.4%
2021 · €848,622
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, 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
Line20182019202020212022
Operating result€41,546-€82,798▲ 99.3%€397,350▲ 380%€113,171▼ 71.5%-€381,355
Net result€31,710-€80,235▲ 153%€296,451above the sector's middle half▲ 269%€67,096within the sector's middle half▼ 77.4%-€241,519below the sector's middle half
Equity€434,615-€514,850▲ 18.5%€811,301within the sector's middle half▲ 57.6%€878,397within the sector's middle half▲ 8.3%€636,878within the sector's middle half▼ 27.5%
Total assets€943,711-€1.1m▲ 12.2%€1.4mwithin the sector's middle half▲ 34.2%€1.8mwithin the sector's middle half▲ 26.2%€1.2mwithin the sector's middle half▼ 31.2%
Debt€509,096-€543,687▲ 6.8%€609,118▲ 12.0%€914,826▲ 50.2%€596,501▼ 34.8%
Working capital€252,887-€254,273▲ 0.5%€590,324▲ 132%€848,622▲ 43.8%€556,767▼ 34.4%
Solvency46.1%-48.6%▲ 2.6pp57.1%within the sector's middle half▲ 8.5pp49.0%within the sector's middle half▼ 8.1pp51.6%within the sector's middle half▲ 2.7pp
Staff (FTE)16.2-19.3▲ 19.1%21.1above the sector's middle half▲ 9.3%19.5within the sector's middle half▼ 7.6%20.5within the sector's middle half▲ 5.1%
above
within
below
the middle half (P25 to P75) of NACE 85, Education, 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 turns negative in 2022: a loss of €381,355 after €113,171 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.2m
Fixed assets
€187,151 ▼ 11.9%
Current assets
€1.0m ▼ 33.8%
Equity and liabilities €1.2m
Equity
€636,878 ▼ 27.5%
Debt
€596,501 ▼ 34.8%
Debt's share of the balance-sheet total falls from 51.0% to 48.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€199,219▼
2021 · €230,180
Cash flow
-€59,383▼
2021 · €184,105
Current ratio
2.14▼
2021 · 2.16
Debt to equity
0.94▼
2021 · 1.04
ROE
-37.9%▼
2021 · 7.6%
ROA
-19.6%▼
2021 · 3.7%
Interest coverage
-22.56▼
2021 · 17.10
Debt ≤ 1 year
€489,462▼
2021 · €732,157
Debt > 1 year
€46,145▲
2021 · €45,919
Staff costs
€1.4m▲
2021 · €1.2m
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1.2m | €1.4m | ▲ 18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €146,057 | €160,317 | €124,109 | €117,008 | €182,136 | ▲ 55.7% |
| Other operating charges640/8 | - | - | - | €5,535 | €2,277 | ▼ 58.9% |
| Gross operating margin9900 | €1.0m | €1.2m | €1.7m | €1.4m | €1.2m | ▼ 15.0% |
| Operating profit (loss)9901 | €41,546 | €82,798 | €397,350 | €113,171 | -€381,355 | ▼ 437% |
| Financial income75/76B | - | - | - | €2,250 | €148,668 | ▲ 6,507% |
| Recurring financial income75 | €546 | €1,356 | €423 | €2,250 | €148,668 | ▲ 6,507% |
| Financial charges65/66B | - | - | - | €13,463 | €8,831 | ▼ 34.4% |
| Recurring financial charges65 | €14,221 | €8,738 | €7,451 | €13,463 | €8,831 | ▼ 34.4% |
| Profit (loss) for the period before taxes9903 | €33,022 | €81,958 | €390,323 | €101,958 | -€241,519 | ▼ 337% |
| Income taxes67/77 | €1,312 | €1,723 | €93,872 | €34,862 | - | - |
| Profit (loss) for the period9904 | €31,710 | €80,235 | €296,451 | €67,096 | -€241,519 | ▼ 460% |
| Profit (loss) for the period to be appropriated9905 | €31,710 | €80,235 | €296,451 | €67,096 | -€241,519 | ▼ 460% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €943,711 | €1.1m | €1.4m | €1.8m | €1.2m | ▼ 31.2% |
| Fixed assets21/28 | €301,447 | €374,289 | €311,039 | €212,444 | €187,151 | ▼ 11.9% |
| Intangible fixed assets21 | €148,718 | €194,597 | €178,510 | €118,572 | €28,993 | ▼ 75.5% |
| Tangible fixed assets22/27 | €145,309 | €162,917 | €115,754 | €81,768 | €146,052 | ▲ 78.6% |
| Plant, machinery and equipment23 | - | - | - | €23,412 | €24,790 | ▲ 5.9% |
| Furniture and vehicles24 | - | - | - | €46,118 | €111,180 | ▲ 141% |
| Other tangible fixed assets26 | - | - | - | €12,238 | €10,082 | ▼ 17.6% |
| Financial fixed assets28 | €7,420 | €16,775 | €16,775 | €12,105 | €12,105 | = |
| Current assets29/58 | €642,264 | €684,248 | €1.1m | €1.6m | €1.0m | ▼ 33.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €78,586 | - |
| Other amounts receivable291 | - | - | - | - | €78,586 | - |
| Stocks and contracts in progress3 | €38,184 | €31,136 | €49,388 | €34,952 | - | - |
| Stocks30/36 | - | - | - | €34,952 | - | - |
| Amounts receivable within one year40/41 | €467,720 | €299,267 | €592,496 | €683,986 | €546,473 | ▼ 20.1% |
| Trade receivables40 | - | - | - | €598,991 | €523,343 | ▼ 12.6% |
| Other amounts receivable41 | - | - | - | €84,994 | €23,130 | ▼ 72.8% |
| Cash at bank and in hand54/58 | €135,460 | €353,845 | €467,496 | €861,841 | €393,325 | ▼ 54.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €27,844 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €943,711 | €1.1m | €1.4m | €1.8m | €1.2m | ▼ 31.2% |
| Equity10/15 | €434,615 | €514,850 | €811,301 | €878,397 | €636,878 | ▼ 27.5% |
| Contributions10/11 | €127,476 | €127,476 | - | €127,476 | €127,476 | = |
| Capital10 | - | - | - | €127,476 | €127,476 | = |
| Issued capital100 | - | - | - | €127,476 | €127,476 | = |
| Reserves13 | €12,800 | €12,800 | €12,800 | €12,800 | €12,800 | = |
| Non-distributable reserves130/1 | - | - | - | €12,800 | €12,800 | = |
| Legal reserve130 | - | - | - | €12,800 | €12,800 | = |
| Profit (loss) carried forward14 | €294,338 | €374,574 | €671,024 | €738,121 | €496,602 | ▼ 32.7% |
| Amounts payable17/49 | €509,096 | €543,687 | €609,118 | €914,826 | €596,501 | ▼ 34.8% |
| Amounts payable after more than one year17 | €119,719 | €113,328 | €90,063 | €45,919 | €46,145 | ▲ 0.5% |
| Financial debts170/4 | - | - | - | €45,919 | €46,145 | ▲ 0.5% |
| Amounts payable within one year42/48 | €389,377 | €429,975 | €519,055 | €732,157 | €489,462 | ▼ 33.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €244,668 | €205,286 | ▼ 16.1% |
| Trade debts44 | €51,930 | €73,167 | €70,494 | €209,492 | €112,122 | ▼ 46.5% |
| Suppliers440/4 | - | - | - | €209,492 | €112,122 | ▼ 46.5% |
| Taxes, remuneration and social security45 | - | - | - | €277,997 | €167,054 | ▼ 39.9% |
| Taxes450/3 | - | - | - | €165,721 | €37,477 | ▼ 77.4% |
| Remuneration and social security454/9 | - | - | - | €112,276 | €129,576 | ▲ 15.4% |
| Other amounts payable47/48 | - | - | - | - | €5,000 | - |
| Accrued charges and deferred income492/3 | - | - | - | €136,750 | €60,895 | ▼ 55.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,710 | €80,235 | €296,451 | €67,096 | -€241,519 | ▼ 460% |
| + Depreciation and write-downs630 | €146,057 | €160,317 | €124,109 | €117,008 | €182,136 | ▲ 55.7% |
| Operating cash flow (approximation) | €177,768 | €240,553 | €420,560 | €184,105 | -€59,383 | ▼ 132% |
| Investment in fixed assets (approximation) | - | -€233,159 | -€60,859 | -€18,413 | -€156,843 | ▼ 752% |
| Change in cash | - | €218,385 | €113,650 | €394,346 | -€468,516 | ▼ 219% |
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
2023
10-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 31-07-2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€241,519
Net result drops to -€241,519, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €296,451 ▲269%
Operating result €397,350, net result €296,451, both a record.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
2019
31-12
Financial
Equity above €500,000Eq €514,850 ▲18.5%
2 profitable years in a row build equity to €514,850.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
23-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Gent · 1 establishment unit since 2001
Ground area
4,237 m²
Building footprint
1,979 m²
Volume, LiDAR
32,545 m³
Parcel 44021A2756/02F002, Flanders · tallest building 21.3 m, ±5 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
Hit The Road - Traffic Media;Veiligheid op de werkvloer;Santé et sécurité au travail
since 20012.100.307.643
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2756/02F002 | Flanders | 4,237 m² | 1 · 1,979 m² | 21.2 m · 5 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 | MIEKE VAN CUYCK SINT-CHRISTIANASTRAAT 48,
9890 04 DIKKELVENNE |
31-07-2023 → present |
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts BORREAS 202133.33%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 6 entries · 12,235 EUR awarded · 12,164 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,130 EUR | 3,127 EUR |
| 2023 | 2 | 3,165 EUR | 2,168 EUR |
| 2022 | 3 | 6,940 EUR | 6,869 EUR |
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Of 11,672 companies in sector 85599 we hold annual accounts for 1,330. 668 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
Founded10-05-2001
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
95100Repair and maintenance of computers and communication equipment
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.