FADA

Open bankruptcy

Private limited company (pre-2019)founded 2011Rue de Rixensart 24, 1332 Rixensart, BelgiumKBO/BCE: BE 0840.027.522

A bankruptcy procedure is open for FADA according to publications in the Belgian State Gazette; curator: CHRISTOPHE BAUDOUX.

Summary

The 2018 annual accounts show equity of €235,392 and a net result of €71,324.

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FADAOpen bankruptcy

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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 Walloon Brabant
Declared bankrupt: 7 September 2020
Supervising judge: Jean-Pierre Jaucot
Official Gazette: 11-09-2020 (pdf) ↗search the document for 2020/131599

Deadlines

Appeal or third-party opposition until: passed on 26 September 2020Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until: passed on 7 October 2020art. XX.104 and XX.155 CEL
First verification report: passed on 19 October 2020Goods 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 7 September 2021Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

Christophe BaudouxRue Charlier 1, 1380 Lasne- . 66383 Belgisch Staatsblad — 11.09.2020 — Moniteur Belgecb@dsv-law.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

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

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 15-08-2019, 15 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 · 7 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

Checked, nothing found (1)

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

On 4 October 2011, FADA was incorporated.¹ The company has filed 7 sets of annual accounts, the latest for fiscal year 2018.² The company was declared bankrupt on 7 September 2020.³

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?List enrichment How is the Limited-service restaurants, excluding mobile food services sector doing?Sector figures

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

Financials · fiscal year 2018, abbreviated schema

Equity

€235,392

Total assets

€387,625

Net result

€71,324

Working capital

€220,636

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition

Assets €387,625

96.2%

Fixed assets €14,755

Current assets €372,870

Equity and liabilities €387,625

60.7%

39.3%

Equity €235,392

Debt €152,234

Debt finances 39.3% of the balance-sheet total.

Key figures and ratios

2018 value

EBITDA

€5,056

Cash flow

€78,999

Current ratio

2.45

Quick ratio

2.27

ROE

30.3%

ROA

18.4%

Debt ≤ 1 year

€152,234

Income taxes

-€12,436

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2018 · 23 lines

Balance sheet Code2018

Assets

Total assets20/58€387,625

Fixed assets21/28€14,755

Tangible fixed assets22/27€14,755

Current assets29/58€372,870

Stocks and contracts in progress3€26,556

Amounts receivable within one year40/41€328,524

Cash at bank and in hand54/58€17,790

Equity and liabilities

Total equity and liabilities10/49€387,625

Equity10/15€235,392

Contributions10/11€18,600

Reserves13€142,146

Profit (loss) carried forward14€74,646

Amounts payable17/49€152,234

Amounts payable within one year42/48€152,234

Trade debts44€88,714

Income statement Code2018

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,675

Gross operating margin9900€238,306

Operating profit (loss)9901-€2,619

Recurring financial charges65€188

Profit (loss) for the period before taxes9903€58,888

Income taxes67/77-€12,436

Profit (loss) for the period9904€71,324

Profit (loss) for the period to be appropriated9905€71,324

Line	2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€7,675
Gross operating margin9900	€238,306
Operating profit (loss)9901	-€2,619
Recurring financial charges65	€188
Profit (loss) for the period before taxes9903	€58,888
Income taxes67/77	-€12,436
Profit (loss) for the period9904	€71,324
Profit (loss) for the period to be appropriated9905	€71,324

Line	2018
Assets
Total assets20/58	€387,625
Fixed assets21/28	€14,755
Tangible fixed assets22/27	€14,755
Current assets29/58	€372,870
Stocks and contracts in progress3	€26,556
Amounts receivable within one year40/41	€328,524
Cash at bank and in hand54/58	€17,790
Equity and liabilities
Total equity and liabilities10/49	€387,625
Equity10/15	€235,392
Contributions10/11	€18,600
Reserves13	€142,146
Profit (loss) carried forward14	€74,646
Amounts payable17/49	€152,234
Amounts payable within one year42/48	€152,234
Trade debts44	€88,714

Line	2018
Profit (loss) for the period9904	€71,324
+ Depreciation and write-downs630	€7,675
Operating cash flow (approximation)	€78,999

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

All 8Signals 1Filings 7

2020

11-09

Bankruptcy Opening

Tribunal de l’entreprise du Brabant wallon · event 07-09-2020

2019

15-08