FITCHEN
Open bankruptcyA bankruptcy procedure is open for FITCHEN according to publications in the Belgian State Gazette; curator: GEERT DEFREYNE.
Summary
The 2022 annual accounts show equity of €148,999 and a net result of -€28,967.
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 Ghent, Ghent division
- Declared bankrupt
- 13 June 2023
- Supervising judge
- Peter Van den Bossche
- Official Gazette
- 24-08-2023 (pdf) ↗search the document for 2023/132150
Deadlines
- Provisional date payments stopped
- 9 June 2023Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- File the claim in RegSol until
- passed on 13 July 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 5 September 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Appeal or third-party opposition until
- passed on 8 September 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- Late claim until
- passed on 13 June 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Geert DefreyneKortrijksesteenweg 361, 9000 Gentgdf@defreyne-degryse.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
Two signals.
+raises risk
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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Equity
€148,999▼ 16.3%
2021 · €177,966
Total assets
€559,861▼ 20.9%
2021 · €707,468
Net result
-€28,967
2021 · €7,308
Working capital
€18,068
2021 · -€32,302
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€42,481-€131,629▲ 210%€14,884▼ 88.7%-€20,744
Net result€28,223-€92,436above the sector's middle half▲ 228%€7,308within the sector's middle half▼ 92.1%-€28,967below the sector's middle half
Equity€78,223-€170,658within the sector's middle half▲ 118%€177,966within the sector's middle half▲ 4.3%€148,999within the sector's middle half▼ 16.3%
Total assets€266,868-€439,818within the sector's middle half▲ 64.8%€707,468within the sector's middle half▲ 60.9%€559,861within the sector's middle half▼ 20.9%
Debt€188,645-€269,160▲ 42.7%€529,502▲ 96.7%€410,862▼ 22.4%
Working capital-€28,604-€8,718within the sector's middle half-€32,302within the sector's middle half€18,068within the sector's middle half
Solvency29.3%-38.8%within the sector's middle half▲ 9.5pp25.2%within the sector's middle half▼ 13.6pp26.6%within the sector's middle half▲ 1.5pp
Current ratio0.85-1.04within the sector's middle half▲ 0.190.93within the sector's middle half▼ 0.111.05within the sector's middle half▲ 0.12
Return on assets (ROA)10.6%-21.0%above the sector's middle half▲ 10.4pp1.0%within the sector's middle half▼ 20.0pp-5.2%below the sector's middle half▼ 6.2pp
Staff (FTE)16.1-12within the sector's middle half▼ 25.5%42.2above the sector's middle half▲ 252%25above the sector's middle half▼ 40.8%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €20,744 after €14,884 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €559,861
Fixed assets
€182,443 ▼ 37.0%
Current assets
€377,419 ▼ 9.7%
Equity and liabilities €559,861
Equity
€148,999 ▼ 16.3%
Debt
€410,862 ▼ 22.4%
Debt's share of the balance-sheet total falls from 74.8% to 73.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€45,638▼
2021 · €62,268
Cash flow
€37,415▼
2021 · €54,692
Quick ratio
1.05▲
2021 · 0.92
Debt to equity
2.76▲
2021 · 0.42
ROE
-19.4%▼
2021 · 4.1%
Interest coverage
5.28
Debt ≤ 1 year
€359,350▼
2021 · €450,392
Debt > 1 year
€47,300▼
2021 · €75,239
Income taxes
€368▼
2021 · €1,077
Staff costs
€313,595
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €313,595 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,474 | €34,919 | €47,384 | €66,382 | ▲ 40.1% |
| Other operating charges640/8 | - | - | - | €3,720 | - |
| Non-recurring operating charges66A | - | - | - | €11,315 | - |
| Gross operating margin9900 | €267,261 | €592,869 | €636,940 | €374,268 | ▼ 41.2% |
| Operating profit (loss)9901 | €42,481 | €131,629 | €14,884 | -€20,744 | ▼ 239% |
| Financial income75/76B | - | - | - | €793 | - |
| Recurring financial income75 | €0 | €361 | €1,422 | €793 | ▼ 44.2% |
| Financial charges65/66B | - | - | - | €8,648 | - |
| Recurring financial charges65 | €4,674 | €7,524 | €7,921 | €8,648 | ▲ 9.2% |
| Profit (loss) for the period before taxes9903 | €37,807 | €124,466 | €8,385 | -€28,599 | ▼ 441% |
| Income taxes67/77 | €9,584 | €32,030 | €1,077 | €368 | ▼ 65.8% |
| Profit (loss) for the period9904 | €28,223 | €92,436 | €7,308 | -€28,967 | ▼ 496% |
| Profit (loss) for the period to be appropriated9905 | €28,223 | €92,436 | €7,308 | -€28,967 | ▼ 496% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €266,868 | €439,818 | €707,468 | €559,861 | ▼ 20.9% |
| Fixed assets21/28 | €106,826 | €206,086 | €289,378 | €182,443 | ▼ 37.0% |
| Intangible fixed assets21 | €8,869 | €13,543 | €11,455 | €3,791 | ▼ 66.9% |
| Tangible fixed assets22/27 | €41,707 | €116,291 | €158,148 | €76,877 | ▼ 51.4% |
| Plant, machinery and equipment23 | - | - | - | €28,439 | - |
| Furniture and vehicles24 | - | - | - | €25,266 | - |
| Other tangible fixed assets26 | - | - | - | €23,172 | - |
| Financial fixed assets28 | €56,251 | €76,251 | €119,775 | €101,775 | ▼ 15.0% |
| Current assets29/58 | €160,041 | €233,732 | €418,090 | €377,419 | ▼ 9.7% |
| Stocks and contracts in progress3 | €4,891 | €4,926 | €3,783 | €504 | ▼ 86.7% |
| Stocks30/36 | - | - | - | €504 | - |
| Amounts receivable within one year40/41 | €48,569 | €199,785 | €331,177 | €342,674 | ▲ 3.5% |
| Trade receivables40 | - | - | - | €8,400 | - |
| Other amounts receivable41 | - | - | - | €334,275 | - |
| Cash at bank and in hand54/58 | €105,360 | €25,911 | €25,782 | €15,697 | ▼ 39.1% |
| Deferred charges and accrued income490/1 | - | - | - | €18,543 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €266,868 | €439,818 | €707,468 | €559,861 | ▼ 20.9% |
| Equity10/15 | €78,223 | €170,658 | €177,966 | €148,999 | ▼ 16.3% |
| Contributions10/11 | €50,000 | €0 | - | €50,000 | - |
| Reserves13 | €28,223 | €120,658 | €127,966 | €127,966 | = |
| Non-distributable reserves130/1 | - | - | - | €1,411 | - |
| Reserves not available under the articles1311 | - | - | - | €1,411 | - |
| Distributable reserves133 | - | - | - | €126,555 | - |
| Profit (loss) carried forward14 | - | - | - | -€28,967 | - |
| Amounts payable17/49 | €188,645 | €269,160 | €529,502 | €410,862 | ▼ 22.4% |
| Amounts payable after more than one year17 | - | €32,979 | €75,239 | €47,300 | ▼ 37.1% |
| Financial debts170/4 | - | - | - | €47,300 | - |
| Amounts payable within one year42/48 | €188,645 | €225,014 | €450,392 | €359,350 | ▼ 20.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €27,939 | - |
| Financial debts43 | - | - | - | €75 | - |
| Credit institutions430/8 | - | - | - | €75 | - |
| Trade debts44 | €81,455 | €137,662 | €163,410 | €248,908 | ▲ 52.3% |
| Suppliers440/4 | - | - | - | €248,908 | - |
| Taxes, remuneration and social security45 | - | - | - | €36,800 | - |
| Taxes450/3 | - | - | - | €1,813 | - |
| Remuneration and social security454/9 | - | - | - | €34,987 | - |
| Other amounts payable47/48 | - | - | - | €45,628 | - |
| Accrued charges and deferred income492/3 | - | - | - | €4,212 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,223 | €92,436 | €7,308 | -€28,967 | ▼ 496% |
| + Depreciation and write-downs630 | €15,474 | €34,919 | €47,384 | €66,382 | ▲ 40.1% |
| Operating cash flow (approximation) | €43,697 | €127,355 | €54,692 | €37,415 | ▼ 31.6% |
| Investment in fixed assets (approximation) | - | -€134,178 | -€130,677 | €40,553 | ▲ 131% |
| Change in cash | - | -€79,449 | -€130 | -€10,084 | ▼ 7,670% |
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
2025
10-02
Bankruptcy
Supervising judge replaced
Ondernemingsrechtbank Gent, afdeling Gent · event 04-02-2025
2023
24-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 13-06-2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 101 days late
2022
30-06
Financial
Weakest financial yearnet -€28,967
Net result drops to -€28,967, the lowest in the series.
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €92,436 ▲228%
Operating result €131,629, net result €92,436, both a record.
30-06
Financial
Equity above €150,000Eq €170,658 ▲118%
2 profitable years in a row build equity to €170,658.
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2018
Ground area
208 m²
Building footprint
208 m²
Volume, LiDAR
3,062 m³
Parcel 44804D2537/00L006, Flanders · tallest building 19.1 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Fitchen
since 20182.276.962.063
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2537/00L006 | Flanders | 208 m² | 1 · 208 m² | 19.1 m · 5 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GEERT DEFREYNE KORTRIJKSESTEENWEG 361,
9000 GENT |
13-06-2023 → present |
Structure & network
Owners and holdings
6 holdingsOwners 0
The accounts to 30-06-2022 list no shareholders, and no other source names one.
Holdings 6
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
According to the annual accounts to 30-06-2022 of FITCHEN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 9,062 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-06-2018
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
Contact
E-mail
info@fitchen.beGent
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.