FINVEX

Open bankruptcy

Public limited companyfounded 2010KBO/BCE: BE 0823.188.718

A bankruptcy procedure is open for FINVEX according to publications in the Belgian State Gazette; curator: ALEXANDRE SAUSSEZ.

Summary

The 2018 annual accounts show negative equity (-€493,045) and a net result of -€374,099.

Watch Report

FINVEXOpen bankruptcy

Report

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: French-language Enterprise Court of Brussels
Declared bankrupt: 30 November 2020
Supervising judge: Baudouin Deschamps
Official Gazette: 08-12-2020 (pdf) ↗search the document for 2020/145739

Deadlines

Appeal or third-party opposition until: passed on 23 December 2020Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until: passed on 30 December 2020art. XX.104 and XX.155 CEL
First verification report: passed on 6 January 2021Goods 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 30 November 2021Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

Alexandre SaussezLeuvensesteenweg 369, 1932 Sint-Stevens-Woluwealexandre@tilia.law

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

1 signal.

+raises risk

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator. The KBO register also records: open bankruptcy.

Belgian State Gazette

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 12 February 2010, FINVEX was incorporated.¹ The company has filed 8 sets of annual accounts, the latest for fiscal year 2018.² The company was declared bankrupt on 30 November 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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Business and other management consultancy sector doing?Sector figures

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

Financials · fiscal year 2018, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

-€374,099

Working capital

-€536,553

Balance-sheet composition

Assets €380,904

23.1%

76.9%

Fixed assets €87,970

Current assets €292,934

Equity and liabilities

Equity-€493,045

Debt€873,950

Equity is negative: debt (€873,950) exceeds the balance-sheet total (€380,904).

Key figures and ratios

2018 value

EBITDA

-€379,900

Cash flow

-€351,911

Solvency

-129.4%

Current ratio

0.35

ROA

-98.2%

Debt

€873,950

Debt ≤ 1 year

€829,487

Income taxes

€238

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2018 · 25 lines

Balance sheet Code2018

Assets

Total assets20/58€380,904

Fixed assets21/28€87,970

Intangible fixed assets21€19,283

Tangible fixed assets22/27€47,028

Financial fixed assets28€21,660

Current assets29/58€292,934

Amounts receivable within one year40/41€259,844

Cash at bank and in hand54/58€14,331

Equity and liabilities

Total equity and liabilities10/49€380,904

Equity10/15-€493,045

Contributions10/11€579,429

Reserves13€20,000

Profit (loss) carried forward14-€1.1m

Amounts payable17/49€873,950

Amounts payable within one year42/48€829,487

Trade debts44€725,980

Income statement Code2018

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,188

Gross operating margin9900€85,808

Operating profit (loss)9901-€402,089

Recurring financial income75€35,420

Recurring financial charges65€7,193

Profit (loss) for the period before taxes9903-€373,861

Income taxes67/77€238

Profit (loss) for the period9904-€374,099

Profit (loss) for the period to be appropriated9905-€374,099

Line	2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€22,188
Gross operating margin9900	€85,808
Operating profit (loss)9901	-€402,089
Recurring financial income75	€35,420
Recurring financial charges65	€7,193
Profit (loss) for the period before taxes9903	-€373,861
Income taxes67/77	€238
Profit (loss) for the period9904	-€374,099
Profit (loss) for the period to be appropriated9905	-€374,099

Line	2018
Assets
Total assets20/58	€380,904
Fixed assets21/28	€87,970
Intangible fixed assets21	€19,283
Tangible fixed assets22/27	€47,028
Financial fixed assets28	€21,660
Current assets29/58	€292,934
Amounts receivable within one year40/41	€259,844
Cash at bank and in hand54/58	€14,331
Equity and liabilities
Total equity and liabilities10/49	€380,904
Equity10/15	-€493,045
Contributions10/11	€579,429
Reserves13	€20,000
Profit (loss) carried forward14	-€1.1m
Amounts payable17/49	€873,950
Amounts payable within one year42/48	€829,487
Trade debts44	€725,980

Line	2018
Profit (loss) for the period9904	-€374,099
+ Depreciation and write-downs630	€22,188
Operating cash flow (approximation)	-€351,911

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 9Signals 1Filings 8

2020

08-12

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · event 30-11-2020

21-04