EXACODE
Open bankruptcyA bankruptcy procedure is open for EXACODE according to publications in the Belgian State Gazette; curator: ROMAIN OGER.
Summary
Inactive; last annual accounts for fiscal year 2020.
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
- 23 September 2024
- Supervising judge
- Christine Radermecker
- Official Gazette
- 27-09-2024 (pdf) ↗search the document for 2024/136339
Curator
- Romain OgerRue Des DéPortéS 82, 4800 Verviersr.oger@apmlaw.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 · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 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
not filed
2020
31 d late
2018
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 92 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
€411▼ 92.6%
2018 · €5,516
Total assets
€1,261▼ 83.3%
2018 · €7,545
Net result
-€668▲ 67.3%
2018 · -€2,045
Working capital
€334▼ 91.1%
2018 · €3,762
Trend over the years
Click a name to add, emphasise or remove a line.
Available amounts per fiscal year
Line20182020
Operating result-€1,885--€658-
Net result-€2,045--€668-
Equity€5,516-€411-
Total assets€7,545-€1,261-
Debt€2,029-€851-
Working capital€3,762-€334-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€658 in 2020, compared with -€1,885 in 2018. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2020 in colour, 2018 as the grey bar beneath
Assets €1,261
Fixed assets
€76 ▼ 95.7%
Current assets
€1,185 ▼ 79.5%
Equity and liabilities €1,261
Equity
€411 ▼ 92.6%
Debt
€851 ▼ 58.1%
Debt's share of the balance-sheet total rises from 26.9% to 67.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€582▼
2018 · -€284
Cash flow
-€591▼
2018 · -€444
Debt ≤ 1 year
€851▼
2018 · €2,029
Ratios withheld: a balance sheet total of €1,261 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,601 | €76 | - |
| Gross operating margin9900 | €2,285 | -€582 | - |
| Operating profit (loss)9901 | -€1,885 | -€658 | - |
| Recurring financial income75 | €18 | €28 | - |
| Recurring financial charges65 | €178 | €37 | - |
| Profit (loss) for the period before taxes9903 | -€2,045 | -€668 | - |
| Income taxes67/77 | €0 | - | - |
| Profit (loss) for the period9904 | -€2,045 | -€668 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,045 | -€668 | - |
| Line | 2018 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €7,545 | €1,261 | - |
| Fixed assets21/28 | €1,754 | €76 | - |
| Tangible fixed assets22/27 | €1,754 | €76 | - |
| Current assets29/58 | €5,791 | €1,185 | - |
| Amounts receivable within one year40/41 | €613 | €882 | - |
| Cash at bank and in hand54/58 | €5,178 | €303 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €7,545 | €1,261 | - |
| Equity10/15 | €5,516 | €411 | - |
| Contributions10/11 | €9,200 | - | - |
| Reserves13 | €742 | €742 | - |
| Profit (loss) carried forward14 | -€4,426 | -€9,531 | - |
| Amounts payable17/49 | €2,029 | €851 | - |
| Amounts payable within one year42/48 | €2,029 | €851 | - |
| Trade debts44 | €625 | €681 | - |
| Line | 2018 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€2,045 | -€668 | - |
| + Depreciation and write-downs630 | €1,601 | €76 | - |
| Operating cash flow (approximation) | -€444 | -€591 | - |
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
27-09
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 23-09-2024
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 150 days late
2017
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 153 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
31-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 153 days late
2013
30-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 152 days late
2010
18-09
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 49 days late
2009
31-07
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
SignalNBB filing
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.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ROMAIN OGER RUE DES DéPORTéS 82,
4800 VERVIERS |
23-09-2024 → present |