EUROFLEX
Open bankruptcyA bankruptcy procedure is open for EUROFLEX according to publications in the Belgian State Gazette; curator: PIERRE SCHMITS.
Summary
The 2024 annual accounts show negative equity (-€366,625) and a net result of -€99,408.
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 Liège, Liège division
- Declared bankrupt
- 4 September 2025
- Supervising judge
- Didier Camal
- Official Gazette
- 11-09-2025 (pdf) ↗search the document for 2025/136182
Deadlines
- Appeal or third-party opposition until
- passed on 26 September 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 4 October 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 16 October 2025Goods 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 4 September 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Pierre SchmitsRue Laoureux 42, 4800 Verviersp.schmits@avocat.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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€366,625
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 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
39 d late
2023
2 d early
2022
25 d late
2021
30 d late
2020
46 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€123,197
EBIT margin
3.0%
Net result
-€99,408▼ 19.0%
2023 · -€83,554
Working capital
-€401,738▼ 29.0%
2023 · -€311,480
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20202021202220232024
Turnover
Operating result-€45,054-€26,842▲ 40.4%-€40,460▼ 50.7%-€75,236▼ 86.0%-€88,478▼ 17.6%
Net result-€46,795below the sector's middle half-€29,473below the sector's middle half▲ 37.0%-€45,502below the sector's middle half▼ 54.4%-€83,554below the sector's middle half▼ 83.6%-€99,408below the sector's middle half▼ 19.0%
EBIT margin
Equity-€108,688below the sector's middle half▼ 75.6%-€138,161below the sector's middle half▼ 27.1%-€183,663below the sector's middle half▼ 32.9%-€267,217below the sector's middle half▼ 45.5%-€366,625below the sector's middle half▼ 37.2%
Total assets€62,275within the sector's middle half▲ 39.5%€62,647within the sector's middle half▲ 0.6%€149,332within the sector's middle half▲ 138%€120,166within the sector's middle half▼ 19.5%€103,050within the sector's middle half▼ 14.2%
Debt€170,963▲ 60.5%€200,808▲ 17.5%€332,996▲ 65.8%€387,383▲ 16.3%€469,675▲ 21.2%
Working capital-€127,110▼ 52.8%-€149,200▼ 17.4%-€247,663▼ 66.0%-€311,480▼ 25.8%-€401,738▼ 29.0%
Solvency-174.5%below the sector's middle half▼ 35.9pp-220.5%below the sector's middle half▼ 46.0pp-123.0%below the sector's middle half▲ 97.5pp-222.4%below the sector's middle half▼ 99.4pp-355.8%below the sector's middle half▼ 133.4pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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 stays negative: a loss of €88,478 in 2024 against €75,236 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €103,050
Fixed assets
€52,113 ▼ 14.6%
Current assets
€50,937 ▼ 13.8%
Key figures and ratios
EBITDA
-€79,540▼
2023 · -€62,747
Cash flow
-€90,469▼
2023 · -€71,065
Current ratio
0.11▼
2023 · 0.16
Quick ratio
0.09▼
2023 · 0.11
Debt to equity
-1.28▲
2023 · -1.45
ROA
-96.5%▼
2023 · -69.5%
Interest coverage
-7.28▲
2023 · -7.54
Debt ≤ 1 year
€452,675▲
2023 · €370,594
Staff costs
€317,932▼
2023 · €324,718
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Remuneration, social security and pensions62 | - | €131,279 | €221,298 | €324,718 | €317,932 | ▼ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,867 | €8,628 | €10,021 | €12,489 | €8,939 | ▼ 28.4% |
| Other operating charges640/8 | - | €821 | €1,646 | €2,921 | €4,171 | ▲ 42.8% |
| Gross operating margin9900 | €74,648 | €113,884 | €192,505 | €264,892 | €242,564 | ▼ 8.4% |
| Operating profit (loss)9901 | -€45,054 | -€26,842 | -€40,460 | -€75,236 | -€88,478 | ▼ 17.6% |
| Financial income75/76B | - | €57 | €146 | - | - | - |
| Recurring financial income75 | €4 | €57 | €146 | - | - | - |
| Financial charges65/66B | - | €2,688 | €5,189 | €8,318 | €10,930 | ▲ 31.4% |
| Recurring financial charges65 | €1,746 | €2,688 | €5,189 | €8,318 | €10,930 | ▲ 31.4% |
| Profit (loss) for the period before taxes9903 | -€46,795 | -€29,473 | -€45,502 | -€83,554 | -€99,408 | ▼ 19.0% |
| Profit (loss) for the period9904 | -€46,795 | -€29,473 | -€45,502 | -€83,554 | -€99,408 | ▼ 19.0% |
| Profit (loss) for the period to be appropriated9905 | -€46,795 | -€29,473 | -€45,502 | -€83,554 | -€99,408 | ▼ 19.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,275 | €62,647 | €149,332 | €120,166 | €103,050 | ▼ 14.2% |
| Fixed assets21/28 | €38,702 | €31,884 | €80,999 | €61,052 | €52,113 | ▼ 14.6% |
| Intangible fixed assets21 | - | - | €42,104 | €37,858 | €33,599 | ▼ 11.2% |
| Tangible fixed assets22/27 | €38,447 | €31,629 | €38,640 | €22,939 | €18,258 | ▼ 20.4% |
| Plant, machinery and equipment23 | - | €422 | €211 | €0 | €0 | - |
| Furniture and vehicles24 | - | €23,224 | €23,840 | €10,341 | €7,652 | ▼ 26.0% |
| Other tangible fixed assets26 | - | €7,983 | €14,589 | €12,598 | €10,606 | ▼ 15.8% |
| Financial fixed assets28 | €255 | €255 | €255 | €255 | €255 | = |
| Current assets29/58 | €23,574 | €30,763 | €68,333 | €59,114 | €50,937 | ▼ 13.8% |
| Stocks and contracts in progress3 | €8,114 | €6,787 | €18,187 | €18,637 | €10,737 | ▼ 42.4% |
| Stocks30/36 | - | €6,787 | €18,187 | €18,637 | €10,737 | ▼ 42.4% |
| Amounts receivable within one year40/41 | €7,188 | €7,441 | €17,527 | €10,158 | €20,567 | ▲ 102% |
| Trade receivables40 | - | €441 | €10,527 | €2,054 | €13,787 | ▲ 571% |
| Other amounts receivable41 | - | €7,000 | €7,000 | €8,104 | €6,780 | ▼ 16.3% |
| Cash at bank and in hand54/58 | €5,953 | €13,468 | €31,542 | €25,654 | €18,583 | ▼ 27.6% |
| Deferred charges and accrued income490/1 | - | €3,067 | €1,077 | €4,664 | €1,050 | ▼ 77.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,275 | €62,647 | €149,332 | €120,166 | €103,050 | ▼ 14.2% |
| Equity10/15 | -€108,688 | -€138,161 | -€183,663 | -€267,217 | -€366,625 | ▼ 37.2% |
| Contributions10/11 | - | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €226 | €226 | €226 | €226 | €226 | = |
| Non-distributable reserves130/1 | - | €226 | €226 | €226 | €226 | = |
| Reserves not available under the articles1311 | - | €226 | €226 | €226 | €226 | = |
| Profit (loss) carried forward14 | -€127,913 | -€157,387 | -€202,889 | -€286,443 | -€385,851 | ▼ 34.7% |
| Amounts payable17/49 | €170,963 | €200,808 | €332,996 | €387,383 | €469,675 | ▲ 21.2% |
| Amounts payable after more than one year17 | €13,280 | €3,845 | - | - | - | - |
| Financial debts170/4 | - | €3,845 | - | - | - | - |
| Amounts payable within one year42/48 | €150,684 | €179,963 | €315,996 | €370,594 | €452,675 | ▲ 22.1% |
| Current portion of amounts payable after more than one year42 | - | €9,435 | €3,845 | - | - | - |
| Trade debts44 | €34,905 | €60,711 | €147,354 | €188,150 | €208,220 | ▲ 10.7% |
| Suppliers440/4 | - | €60,711 | €147,354 | €188,150 | €208,220 | ▲ 10.7% |
| Advances received on contracts in progress46 | - | €260 | €40 | €0 | €0 | - |
| Taxes, remuneration and social security45 | - | €22,746 | €35,593 | €41,224 | €51,315 | ▲ 24.5% |
| Taxes450/3 | - | €4,534 | €11,668 | €17,264 | €23,722 | ▲ 37.4% |
| Remuneration and social security454/9 | - | €18,212 | €23,925 | €23,960 | €27,593 | ▲ 15.2% |
| Other amounts payable47/48 | - | €86,811 | €129,163 | €141,220 | €193,139 | ▲ 36.8% |
| Accrued charges and deferred income492/3 | - | €17,000 | €17,000 | €16,789 | €17,000 | ▲ 1.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,795 | -€29,473 | -€45,502 | -€83,554 | -€99,408 | ▼ 19.0% |
| + Depreciation and write-downs630 | €6,867 | €8,628 | €10,021 | €12,489 | €8,939 | ▼ 28.4% |
| Operating cash flow (approximation) | -€39,928 | -€20,846 | -€35,481 | -€71,065 | -€90,469 | ▼ 27.3% |
| Investment in fixed assets (approximation) | - | -€1,810 | -€59,137 | €7,459 | €0 | ▼ 100% |
| Change in cash | - | €7,516 | €18,074 | -€5,887 | -€7,072 | ▼ 20.1% |
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
2025
11-09
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 04-09-2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
31-12
Financial
Weakest financial yearnet -€99,408
Net result drops to -€99,408, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Back to profitnet €3,132
Net result €3,132 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 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, Stavelot · 1 establishment unit since 2018
Ground area
625 m²
Building footprint
227 m²
Volume, LiDAR
2,195 m³
Parcel 63027B2141/00G000, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Coté Montagne
since 20182.275.022.261
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63027B2141/00G000 | Wallonia | 625 m² | 1 · 227 m² | 11.8 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 | PIERRE SCHMITS RUE LAOUREUX 42, 4800 VERVIERS- |
04-09-2025 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,505 companies in sector 56111 we hold annual accounts for 11,454. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
46432Wholesale trade
46900Non-specialised wholesale trade
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.