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EXECUTIVE CONSULTANCY SERVICES

Open bankruptcy
Public limited companyfounded 1982de Robianostraat 102, 2150 Borsbeek, BelgiumKBO/BCE: BE 0422.974.438
Summary

A bankruptcy procedure is open for EXECUTIVE CONSULTANCY SERVICES according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (-€40,373).

EXECUTIVE CONSULTANCY SERVICESOpen bankruptcy

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
31 October 2024
Supervising judge
Ellen Lemahieu
Official Gazette
06-11-2024 (pdf) ↗search the document for 2024/142823

Deadlines

Provisional date payments stopped
31 October 2024A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 21 November 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 30 November 2024art. XX.104 and XX.155 CEL
First verification report
passed on 27 December 2024Goods 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 October 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Elisabeth VerstrekenGrote Steenweg 417, 2600 Berchem (Antwerpen)- . 125597 Belgisch Staatsblad — 06.11.2024 — Moniteur Belgeliesbeth.verstreken@solvarte.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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

Two signals.
+raises risk
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

EXECUTIVE CONSULTANCY SERVICES was incorporated on 20 August 1982.1 Total assets fell from EUR 1.3 million in 2018 to EUR 486,644 in 2023.2 On 31 October 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2023
  3. 3Belgian State Gazette, 06-11-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2023, abbreviated schema

Equity
-€40,373=
2022 · -€40,373
Total assets
€486,644=
2022 · €486,644
Net result
-€1,553▲ 84.1%
2020 · -€9,741
Working capital
-€122,479=
2022 · -€122,479
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
Line20192020202120222023
Operating result€780,768-€9,691-€1,505▲ 84.5%
Net result€621,552-€9,741-€1,553▲ 84.1%
Equity€186,424▲ 56.9%-€38,820-€40,373▼ 4.0%-€40,373=-€40,373=
Total assets€536,016▼ 60.0%€568,221▲ 6.0%€486,644▼ 14.4%€486,644=€486,644=
Debt€349,592▼ 71.4%€607,042▲ 73.6%€527,017▼ 13.2%€527,017=€527,017=
Working capital€104,318-€120,926-€122,479▼ 1.3%-€122,479=-€122,479=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000€600,000€800,000Operating result 2019: €780,768€780,768Net result 2019: €621,552€621,552Operating result 2020: -€9,691-€9,691Net result 2020: -€9,741-€9,741Operating result 2021: -€1,505-€1,505Net result 2021: -€1,553-€1,55320192020202120222023-€2,000-€1,500-€1,000-€500€0Operating result 2021: -€1,505-€1,510Net result 2021: -€1,553-€1,550202120222023
The operating result stays negative: a loss of €1,505 in 2021 against €9,691 in 2020; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €486,644
Fixed assets €223,833 =
Current assets €262,811 =
Key figures and ratios
2023 value · change against 2022
Solvency
-8.3%=
2022 · -8.3%
Current ratio
0.68=
2022 · 0.68
Debt to equity
-13.05=
2022 · -13.05
Debt ≤ 1 year
€385,290=
2022 · €385,290
Debt > 1 year
€141,727=
2022 · €141,727
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 20 lines
Balance sheet Code20222023
Assets
Total assets20/58€486,644€486,644=
Fixed assets21/28€223,833€223,833=
Tangible fixed assets22/27€223,833€223,833=
Land and buildings22€215,133€215,133=
Furniture and vehicles24€8,700€8,700=
Current assets29/58€262,811€262,811=
Cash at bank and in hand54/58€262,811€262,811=
Equity and liabilities
Total equity and liabilities10/49€486,644€486,644=
Equity10/15-€40,373-€40,373=
Contributions10/11€6,200€6,200=
Capital10€6,200€6,200=
Issued capital100€6,200€6,200=
Profit (loss) carried forward14-€46,573-€46,573=
Amounts payable17/49€527,017€527,017=
Amounts payable after more than one year17€141,727€141,727=
Other amounts payable178/9€141,727€141,727=
Amounts payable within one year42/48€385,290€385,290=
Other amounts payable47/48€385,290€385,290=
Income statement Code20222023
Appropriation of the result
Profit (loss) to be appropriated9906-€46,573-€46,573=
Profit (loss) brought forward from the previous period14P-€46,573-€46,573=

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,663-----
Other operating charges640/8--€714---
Gross operating margin9900€810,730-€9,591-€791---
Operating profit (loss)9901€780,768-€9,691-€1,505---
Recurring financial income75€2,086-----
Financial charges65/66B--€48---
Recurring financial charges65€47,595€50€48---
Profit (loss) for the period before taxes9903€735,259-€9,741-€1,553---
Income taxes67/77€113,707-----
Profit (loss) for the period9904€621,552-€9,741-€1,553---
Profit (loss) for the period to be appropriated9905€621,552-€9,741-€1,553---
Line20192020202120222023Change
Assets
Total assets20/58€536,016€568,221€486,644€486,644€486,644=
Fixed assets21/28€223,833€223,833€223,833€223,833€223,833=
Tangible fixed assets22/27€223,833€223,833€223,833€223,833€223,833=
Land and buildings22--€215,133€215,133€215,133=
Furniture and vehicles24--€8,700€8,700€8,700=
Current assets29/58€312,184€344,389€262,811€262,811€262,811=
Amounts receivable within one year40/41€49,095-----
Cash at bank and in hand54/58€262,567€344,389€262,811€262,811€262,811=
Equity and liabilities
Total equity and liabilities10/49€536,016€568,221€486,644€486,644€486,644=
Equity10/15€186,424-€38,820-€40,373-€40,373-€40,373=
Contributions10/11€62,000€6,200€6,200€6,200€6,200=
Capital10--€6,200€6,200€6,200=
Issued capital100--€6,200€6,200€6,200=
Reserves13€36,733-----
Profit (loss) carried forward14-€35,279-€45,020-€46,573-€46,573-€46,573=
Amounts payable17/49€349,592€607,042€527,017€527,017€527,017=
Amounts payable after more than one year17€141,727€141,727€141,727€141,727€141,727=
Other amounts payable178/9--€141,727€141,727€141,727=
Amounts payable within one year42/48€207,865€465,315€385,290€385,290€385,290=
Trade debts44€80,854-----
Other amounts payable47/48--€385,290€385,290€385,290=
Line20192020202120222023Change
Profit (loss) for the period9904€621,552-€9,741-€1,553---
+ Depreciation and write-downs630€7,663-----
Operating cash flow (approximation)€629,215-€9,741-€1,553---
Investment in fixed assets (approximation)-€0€0-€0€0▲ 100%
Change in cash-€81,822-€81,578-€0€0▲ 100%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
06-11
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 31-10-2024
26-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 118 days late
2023
26-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 87 days late
2022
05-12
Bankruptcy Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 24-11-2022
04-11
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 27-10-2022
11-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 72 days late
2021
27-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
30-04
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
14-01
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 259 days late
2019
30-09
Financial Back to profitnet €621,552
Net result €621,552 after one loss-making year.
30-09
Financial Liquidity triplescurrent ratio 1.50
Current ratio from 0.51 to 1.50; short-term debt falls from €662,546 to €207,865.
30-09
Financial Equity above €150,000Eq €186,424 ▲56.9%
Equity rises from €118,836 to €186,424.
Show earlier events
2018
19-10
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 172 days late
05-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 281 days late
2016
19-12
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 233 days late
2015
27-07
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 88 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts

We know of 16 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 Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
16 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, Borsbeek · 1 establishment unit since 1982
seat establishment The establishment unit on the map
Ground area
152 m²
Building footprint
152 m²
Volume, LiDAR
885 m³
Parcel 11007A0023/00Y004, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
de Robianostraat 102, 2150 Antwerpen
Activities auxiliary to financial services and insurance activities
since 19822.020.936.897
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11007A0023/00Y004 Flanders 152 m² 1 · 152 m² 7.5 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

2 mandates
Role Name Tenure
Curator ELISABETH VERSTREKEN
GROTE STEENWEG 417, 2600 BERCHEM (ANTWERPEN)- . 125597 BELGISCH STAATSBLAD — 06.11.2024 — MONITEUR BELGE
31-10-2024 → present
Curator CATHéRINE LANNOY
MECHELSESTEENWEG 271/8.1, 2018 ANTWERPEN 1
27-10-2022 → 24-11-2022

Identification & contact

Identification
Legal formPublic limited company
Founded20-08-1982
Fiscal year end30-09
Abbreviation NL E.C.S.
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.