Final Touch
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 26 August 2026 · trustee Kathleen Velkeneers · claim deadline passed on 25 September 2026
How to file a claimThe procedure
- Court
- Enterprise Court of Antwerp, Hasselt division
- Supervising judge
- Hilde Claes
- Official Gazette
- 01-09-2026search the document for 2026/135961
Deadlines
- Provisional date payments stopped
- 26 August 2026A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 16 September 2026That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 25 September 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 8 October 2026Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- 26 August 2027A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Kathleen VelkeneersKasteelstraat 23B, 3840 Tongeren-Borgloonleen@advvelkeneers.be
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- 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.
- Reclaim goods you delivered under retention of title 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, subject to conditions.
- Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 20-11-2019
- Activity
- Floor and wall tiling NACE 43331and 3 others
- Establishment unit
- 2.295.914.774 3500 Hasselt, since 20-11-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Last known board
- Abusharekh MohammedDirector · until 2022
- Kaware SuleimanDirector · until 2022
Financial position
No score
Annual accounts 2025
- Gross margin
- €23,460
- ▲ 38.5%
- Turnover
- ≈ €200,000
- estimated
- Loss
- €60,777
- Equity
- €11,916
- ▼ 83.6%
- Total assets
- €70,700
- ▼ 6.0%
- Staff
- ≈ 0.4 FTE
- estimated
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 6 days after the deadline Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00384599.
Annual accounts 2025 filed on 06-08-2026 at the NBB all 6 filings
Turnover
≈ €200,000
Estimated: probably between €110,000 and €440,000
Total assets
€70,700▼ 6.0%
2024 · €75,222
Net result
-€60,777
2024 · €9,501
Working capital
€7,266▼ 81.9%
2024 · €40,077
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
-€17,570
2025
20202025
Net result
-€60,777
2025
lowest quarter of the sector
20202025
Equity
€11,916
▼ 83.6%
2025
lowest quarter of the sector
20202025
Total assets
€70,700
▼ 6.0%
2025
lowest quarter of the sector
20202025
Debt
€58,784
▲ 23×
2025
20202025
Working capital
€7,266
▼ 81.9%
2025
lowest quarter of the sector
20202025
Solvency
16.9%
▼ 79.8pp
2025
lowest quarter of the sector
20202025
Current ratio
1.12
▼ 15.72
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
-86.0%
▼ 98.6pp
2025
lowest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€31,979-€14,846▼ 53.6%€3,000▼ 79.8%€10,867▲ 262%€9,501▼ 12.6%-€17,570
Net result€31,979above the sector's middle half-€14,846within the sector's middle half▼ 53.6%€3,000within the sector's middle half▼ 79.8%€10,867within the sector's middle half▲ 262%€9,501within the sector's middle half▼ 12.6%-€60,777below the sector's middle half
Equity€34,479within the sector's middle half-€49,326within the sector's middle half▲ 43.1%€52,326within the sector's middle half▲ 6.1%€63,192within the sector's middle half▲ 20.8%€72,693within the sector's middle half▲ 15.0%€11,916below the sector's middle half▼ 83.6%
Total assets€147,710within the sector's middle half-€51,872below the sector's middle half▼ 64.9%€117,358within the sector's middle half▲ 126%€109,666within the sector's middle half▼ 6.6%€75,222within the sector's middle half▼ 31.4%€70,700below the sector's middle half▼ 6.0%
Debt€113,230-€2,546▼ 97.8%€65,033▲ 26×€46,474▼ 28.5%€2,529▼ 94.6%€58,784▲ 23×
Working capital€33,699within the sector's middle half-€24,770within the sector's middle half▼ 26.5%€81,907within the sector's middle half▲ 231%€73,604within the sector's middle half▼ 10.1%€40,077within the sector's middle half▼ 45.6%€7,266below the sector's middle half▼ 81.9%
Solvency23.3%within the sector's middle half-95.1%above the sector's middle half▲ 71.7pp44.6%within the sector's middle half▼ 50.5pp57.6%within the sector's middle half▲ 13.0pp96.6%above the sector's middle half▲ 39.0pp16.9%below the sector's middle half▼ 79.8pp
Current ratio1.30within the sector's middle half-10.73above the sector's middle half▲ 9.439.94above the sector's middle half▼ 0.799.61above the sector's middle half▼ 0.3216.85above the sector's middle half▲ 7.241.12below the sector's middle half▼ 15.72
Return on assets (ROA)21.7%above the sector's middle half-28.6%above the sector's middle half▲ 7.0pp2.6%within the sector's middle half▼ 26.1pp9.9%within the sector's middle half▲ 7.4pp12.6%within the sector's middle half▲ 2.7pp-86.0%below the sector's middle half▼ 98.6pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €17,570, after a profit of €9,501 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,700
Fixed assets
€4,650 ▼ 85.7%
Current assets
€66,050 ▲ 55.0%
Equity and liabilities €70,700
Equity
€11,916 ▼ 83.6%
Debt
€58,784 ▲ 23×
Debt's share of the balance-sheet total rises from 3.4% to 83.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€17,304
Cash flow
-€60,511
Debt to equity
4.93▲
2024 · 0.03
ROE
-510.0%▼
2024 · 13.1%
Interest coverage
-3.88
Debt ≤ 1 year
€58,784▲
2024 · €2,529
Income taxes
€38,744
Staff costs
€13,803
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €23,774 | €1,913 | €8,012 | €6,301 | - |
| Intangible fixed assets | - | €3,000 | - | - | - |
| Financial fixed assets | - | €3,600 | - | - | - |
| Depreciation and write-downs of the year | - | €6,783 | €6,783 | - | €266 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €13,803 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €219 | - | €6,783 | €6,783 | - | €266 | - |
| Other operating charges640/8 | - | €4,784 | €4,101 | €4,708 | €7,433 | €3,830 | ▼ 48.5% |
| Non-recurring operating charges66A | - | - | - | - | - | €23,132 | - |
| Gross operating margin9900 | €33,219 | €19,630 | €13,883 | €22,358 | €16,933 | €23,460 | ▲ 38.5% |
| Operating profit (loss)9901 | €31,979 | €14,846 | €3,000 | €10,867 | €9,501 | -€17,570 | - |
| Financial charges65/66B | - | - | €0 | - | - | €4,462 | - |
| Recurring financial charges65 | - | - | €0 | - | - | €4,462 | - |
| Profit (loss) for the period before taxes9903 | €31,979 | €14,846 | €3,000 | €10,867 | €9,501 | -€22,032 | - |
| Income taxes67/77 | - | - | - | - | - | €38,744 | - |
| Profit (loss) for the period9904 | €31,979 | €14,846 | €3,000 | €10,867 | €9,501 | -€60,777 | - |
| Profit (loss) for the period to be appropriated9905 | €31,979 | €14,846 | €3,000 | €10,867 | €9,501 | -€60,777 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €147,710 | €51,872 | €117,358 | €109,666 | €75,222 | €70,700 | ▼ 6.0% |
| Fixed assets21/28 | €781 | €24,555 | €26,286 | €27,515 | €32,616 | €4,650 | ▼ 85.7% |
| Intangible fixed assets21 | - | - | €3,000 | €3,000 | €1,800 | - | - |
| Tangible fixed assets22/27 | €781 | €24,555 | €19,686 | €20,915 | €27,216 | €1,050 | ▼ 96.1% |
| Plant, machinery and equipment23 | - | - | - | €8,012 | €6,007 | €1,050 | ▼ 82.5% |
| Furniture and vehicles24 | - | €24,555 | €19,686 | €12,903 | €21,209 | - | - |
| Financial fixed assets28 | - | - | €3,600 | €3,600 | €3,600 | €3,600 | = |
| Current assets29/58 | €146,929 | €27,316 | €91,073 | €82,151 | €42,606 | €66,050 | ▲ 55.0% |
| Stocks and contracts in progress3 | €52,758 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €91,960 | €12,550 | €86,436 | €80,816 | €38,122 | €31,114 | ▼ 18.4% |
| Trade receivables40 | - | €12,538 | €83,645 | €47,783 | €19,921 | €7,647 | ▼ 61.6% |
| Other amounts receivable41 | - | €11 | €2,791 | €33,033 | €18,201 | €23,468 | ▲ 28.9% |
| Current investments50/53 | - | €8,540 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2,211 | €6,226 | €4,637 | €1,335 | €4,484 | €12 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €34,924 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €147,710 | €51,872 | €117,358 | €109,666 | €75,222 | €70,700 | ▼ 6.0% |
| Equity10/15 | €34,479 | €49,326 | €52,326 | €63,192 | €72,693 | €11,916 | ▼ 83.6% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Capital10 | - | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Issued capital100 | - | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €31,979 | €46,826 | €49,826 | €60,692 | €70,193 | €9,416 | ▼ 86.6% |
| Amounts payable17/49 | €113,230 | €2,546 | €65,033 | €46,474 | €2,529 | €58,784 | ▲ 23× |
| Amounts payable within one year42/48 | €113,230 | €2,546 | €9,166 | €8,547 | €2,529 | €58,784 | ▲ 23× |
| Trade debts44 | €47,230 | €2,546 | €3,166 | €2,547 | €1,582 | €2,634 | ▲ 66.4% |
| Suppliers440/4 | - | €2,546 | €3,166 | €2,547 | €1,582 | €2,634 | ▲ 66.4% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €56,150 | - |
| Taxes450/3 | - | - | - | - | - | €56,150 | - |
| Other amounts payable47/48 | - | - | €6,000 | €6,000 | €946 | - | - |
| Accrued charges and deferred income492/3 | - | - | €55,867 | €37,927 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,979 | €14,846 | €3,000 | €10,867 | €9,501 | -€60,777 | - |
| + Depreciation and write-downs630 | €219 | - | €6,783 | €6,783 | - | €266 | - |
| Operating cash flow (approximation) | €32,199 | €14,846 | €9,783 | €17,649 | €9,501 | -€60,511 | - |
| Investment in fixed assets (approximation) | - | -€23,774 | -€8,513 | -€8,012 | -€5,101 | €27,700 | - |
| Change in cash | - | €4,016 | -€1,590 | -€3,302 | €3,149 | -€4,472 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-08-2026 | 2026-00384599 | |
| 31-12-2024 | micro format | 13-10-2025 | 2025-00540534 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00483683 | |
| 31-12-2022 | micro format | 18-11-2025 | 2025-00570023 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20419057 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64400120 |
Board & ownership
Directors
Directors
Last change in 2022
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Kathleen Velkeneers Kasteelstraat 23B, 3840 Tongeren-Borgloon |
26-08-2026 → present |
Owners and capital
Owners
Mandate history
2 people, 0 in office
- Board
| Name | Functions and periods |
|---|---|
| Abusharekh Mohammed |
|
| Kaware Suleiman |
|
Timeline
Acts, filings and financial milestones
2026
01-09
Bankruptcy
Bankruptcy declared
Enterprise Court of Antwerp, Hasselt division · judgment of 26-08-2026
06-08
abbreviated format · 6 days late
2025
2024
30-09
micro format · 61 days late
2022
30-08
micro format · 30 days late
23-08
Gazette deed
Resignations: Abusharekh Mohammed (director) and Kaware Suleiman (director)3 points ▸
Gazette deed
Resignations: Abusharekh Mohammed (director) and Kaware Suleiman (director)
3 points ▸
- Director resignation, Abusharekh Mohammed (director)
- Director resignation, Kaware Suleiman (director)
- General meeting, 31.07.22
05-07
Gazette deed
Appointments: Abusharekh Mohammed (director) and Kaware Suleiman (director)3 points ▸
Gazette deed
Appointments: Abusharekh Mohammed (director) and Kaware Suleiman (director)
3 points ▸
- Director appointment, Abusharekh Mohammed (director)
- Director appointment, Kaware Suleiman (director)
- General meeting, 30.06.22
2021
31-12
Financial
Liquidity more than 8 timescurrent ratio 10.73
The current ratio rises from 1.30 to 10.73. Short-term debt falls from €113,230 to €2,546.
31-08
micro format · 31 days late
2019
22-11
6 publications in the Belgian Official Gazette, the last on 01-09-2026
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2025
- Legal form
- Private limited company
- Active since
- 20 November 2019
Register details
Identity
Name
Final Touch in Dutch
Enterprise number
0737.853.957
Entity type
Legal entity
Registered office and establishments
Registered office
Melbeekstraat 22, 3500 Hasselt, Belgium
Establishment unit
Final Touch, Melbeekstraat 22, 3500 Hasselt since 20-11-2019 · unit number 2.295.914.774
Activities
NACEBEL 202543331
Floor and wall tiling main activity
43990
Other specialised construction activities
56111
Full-service restaurants
56220
Contract catering and other food service activities
Codes under NACEBEL 2008
43331
Floor and wall tiling main activity
43995
Specialised construction activities
56101
Full-service restaurants
56290
Food and beverage service activities
Invoicing and payment
VAT number
BE 0737.853.957
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
7,180 m²
Building footprint
4,747 m²
Building volume
23,799 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71328D1280/00A002 | Flanders | 7,180 m² | 1 · 4,747 m² | 49.3 m · 2 |