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FOTOCOM

Open bankruptcy
Public limited companyfounded 2005Rue du Commerce 13, 1400 Nivelles, BelgiumKBO/BCE: BE 0875.863.082

A bankruptcy procedure is open for FOTOCOM according to publications in the Belgian State Gazette; curator: THOMAS VULHOPP.

Summary

The file additionally contains 2 judicial reorganisation notices. The 2019 annual accounts show negative equity (-€3.1m) and a net result of -€106,559.

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
6 December 2021
Supervising judge
Catherine Collet
Official Gazette
15-12-2021 (pdf) ↗search the document for 2021/144036

Curator

  • Thomas VulhoppRue De Clairvaux 40, 1348 Louvain-La-Neuvetv@dsv-law.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.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

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. Full guide for creditors

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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

FOTOCOM was incorporated on 5 September 2005.1 The company has filed 15 sets of annual accounts, the latest for fiscal year 2019.2 On 6 December 2021 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019
  3. 3Belgian State Gazette, 15-12-2021

Go further with this company

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

Financials · fiscal year 2019, micro schema

Turnover
€3.5m
EBIT margin
-0.5%
Net result
-€106,559▲ 76.5%
2018 · -€452,668
Working capital
-€2.1m▼ 20.7%
2018 · -€1.8m
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
Line20182019
Turnover€3.5m
Operating result-€346,384--€17,085▲ 95.1%
Net result-€452,668--€106,559▲ 76.5%
EBIT margin-0.5%
Equity-€3.0m--€3.1m▼ 3.5%
Total assets€892,453-€688,521▼ 22.9%
Debt€2.9m-€2.9m▼ 2.1%
Working capital-€1.8m--€2.1m▼ 20.7%
Staff (FTE)32.2-
Why a figure moved sharply
  • 2019 Net result +76% on 2018. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
-€600,000-€400,000-€200,000€0Operating result 2018: -€346,384-€346,384Net result 2018: -€452,668-€452,668Operating result 2019: -€17,085-€17,085Net result 2019: -€106,559-€106,55920182019-€600,000-€400,000-€200,000€0Operating result 2018: -€346,384-€346,000Net result 2018: -€452,668-€453,000Operating result 2019: -€17,085-€17,100Net result 2019: -€106,559-€107,00020182019
The operating result stays negative: a loss of €17,085 in 2019 against €346,384 in 2018; the loss shrinks.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €688,521
Fixed assets €81,980 ▼ 26.6%
Current assets €606,540 ▼ 22.3%
Key figures and ratios
2019 value · change against 2018
EBITDA
€13,418▲
2018 · -€286,341
Cash flow
-€76,056▲
2018 · -€392,625
Solvency
-453.6%▼
2018 · -338.0%
Current ratio
0.22▼
2018 · 0.31
Quick ratio
0.14▼
2018 · 0.22
Debt to equity
-0.04▲
2018 · -0.97
ROA
-15.5%▲
2018 · -50.7%
Debt ≤ 1 year
€2.8m▲
2018 · €2.6m
Debt > 1 year
€122,706▼
2018 · €379,090
Income taxes
€300
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 · 2019 against 2018 · 59 lines
Balance sheet Code20182019
Assets
Total assets20/58€892,453€688,521▼
Fixed assets21/28€111,669€81,980▼
Tangible fixed assets22/27€51,733€22,045▼
Plant, machinery and equipment23€9,674-
Furniture and vehicles24€676-
Leasing and similar rights25€0-
Other tangible fixed assets26€41,384-
Assets under construction and advance payments27€0-
Financial fixed assets28€59,936€59,936=
Current assets29/58€780,784€606,540▼
Stocks and contracts in progress3€228,134€223,513▼
Stocks30/36€228,134-
Amounts receivable within one year40/41€22,621€142,423▲
Trade receivables40€5,487-
Other amounts receivable41€17,135-
Cash at bank and in hand54/58€518,811€228,464▼
Deferred charges and accrued income490/1€11,217-
Equity and liabilities
Total equity and liabilities10/49€892,453€688,521▼
Equity10/15-€3.0m-€3.1m▼
Contributions10/11€1.4m€1.4m=
Capital10€1.4m-
Issued capital100€1.4m-
Reserves13€3.6m€3.6m=
Legal reserve130€50,000-
Tax-exempt reserves132€3.6m-
Profit (loss) carried forward14-€8.0m-€8.1m▼
Provisions and deferred taxes16€972,856€937,856▼
Provisions for liabilities and charges160/5€972,856-
Other liabilities and charges164/5€972,856-
Amounts payable17/49€2.9m€2.9m▼
Amounts payable after more than one year17€379,090€122,706▼
Trade debts175€279,090-
Other amounts payable178/9€100,000-
Amounts payable within one year42/48€2.6m€2.8m▲
Financial debts43€524-
Credit institutions430/8€524-
Trade debts44€1.3m€1.5m▲
Suppliers440/4€1.3m-
Taxes, remuneration and social security45€889,083-
Taxes450/3€684,068-
Remuneration and social security454/9€205,015-
Other amounts payable47/48€361,060-
Income statement Code20182019
Turnover70-€3.5m
Remuneration, social security and pensions62€1.0m-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60,043€30,503▼
Other operating charges640/8€17,317-
Gross operating margin9900€763,518€757,231▼
Operating profit (loss)9901-€346,384-€17,085▲
Financial income75/76B€5,713-
Recurring financial income75€5,713€16▼
Financial charges65/66B€111,997-
Recurring financial charges65€111,997€89,190▼
Profit (loss) for the period before taxes9903-€452,668-€106,259▲
Income taxes67/77-€300
Profit (loss) for the period9904-€452,668-€106,559▲
Profit (loss) for the period to be appropriated9905-€452,668-€106,559▲
Appropriation of the result
Profit (loss) to be appropriated9906-€8.0m-
Profit (loss) brought forward from the previous period14P-€7.6m-
Social balance
Average headcount (FTE)908732.2-
Line20182019Change
Turnover70-€3.5m-
Remuneration, social security and pensions62€1.0m--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60,043€30,503▼ 49.2%
Other operating charges640/8€17,317--
Gross operating margin9900€763,518€757,231▼ 0.8%
Operating profit (loss)9901-€346,384-€17,085▲ 95.1%
Financial income75/76B€5,713--
Recurring financial income75€5,713€16▼ 99.7%
Financial charges65/66B€111,997--
Recurring financial charges65€111,997€89,190▼ 20.4%
Profit (loss) for the period before taxes9903-€452,668-€106,259▲ 76.5%
Income taxes67/77-€300-
Profit (loss) for the period9904-€452,668-€106,559▲ 76.5%
Profit (loss) for the period to be appropriated9905-€452,668-€106,559▲ 76.5%
Line20182019Change
Assets
Total assets20/58€892,453€688,521▼ 22.9%
Fixed assets21/28€111,669€81,980▼ 26.6%
Tangible fixed assets22/27€51,733€22,045▼ 57.4%
Plant, machinery and equipment23€9,674--
Furniture and vehicles24€676--
Leasing and similar rights25€0--
Other tangible fixed assets26€41,384--
Assets under construction and advance payments27€0--
Financial fixed assets28€59,936€59,936=
Current assets29/58€780,784€606,540▼ 22.3%
Stocks and contracts in progress3€228,134€223,513▼ 2.0%
Stocks30/36€228,134--
Amounts receivable within one year40/41€22,621€142,423▲ 530%
Trade receivables40€5,487--
Other amounts receivable41€17,135--
Cash at bank and in hand54/58€518,811€228,464▼ 56.0%
Deferred charges and accrued income490/1€11,217--
Equity and liabilities
Total equity and liabilities10/49€892,453€688,521▼ 22.9%
Equity10/15-€3.0m-€3.1m▼ 3.5%
Contributions10/11€1.4m€1.4m=
Capital10€1.4m--
Issued capital100€1.4m--
Reserves13€3.6m€3.6m=
Legal reserve130€50,000--
Tax-exempt reserves132€3.6m--
Profit (loss) carried forward14-€8.0m-€8.1m▼ 1.3%
Provisions and deferred taxes16€972,856€937,856▼ 3.6%
Provisions for liabilities and charges160/5€972,856--
Other liabilities and charges164/5€972,856--
Amounts payable17/49€2.9m€2.9m▼ 2.1%
Amounts payable after more than one year17€379,090€122,706▼ 67.6%
Trade debts175€279,090--
Other amounts payable178/9€100,000--
Amounts payable within one year42/48€2.6m€2.8m▲ 7.6%
Financial debts43€524--
Credit institutions430/8€524--
Trade debts44€1.3m€1.5m▲ 14.7%
Suppliers440/4€1.3m--
Taxes, remuneration and social security45€889,083--
Taxes450/3€684,068--
Remuneration and social security454/9€205,015--
Other amounts payable47/48€361,060--
Line20182019Change
Profit (loss) for the period9904-€452,668-€106,559▲ 76.5%
+ Depreciation and write-downs630€60,043€30,503▼ 49.2%
Operating cash flow (approximation)-€392,625-€76,056▲ 80.6%
Investment in fixed assets (approximation)--€814-
Change in cash--€290,347-

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

Download as CSV

Timeline · acts, filings and financial milestones

2021
15-12
Bankruptcy Opening
Tribunal de l’entreprise du Brabant wallon · event 06-12-2021
16-05
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 289 days late
2020
20-11
Judicial reorganisation Plan homologation
Tribunal de l’entreprise du Brabant wallon · event 16-11-2020
23-07
Judicial reorganisation Opening
Tribunal de l’entreprise du Brabant wallon · collective agreement · event 14-07-2020
26-02
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 210 days late
2019
23-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 419 days late
2018
19-11
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 476 days late
2016
16-11
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 108 days late
11-03
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 224 days late
2014
04-08
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 4 days late
2013
26-09
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 57 days late
2012
30-08
NBB filing Annual accounts filed
fiscal year 2011 · full schema · 30 days late
2011
26-07
NBB filing Annual accounts filed
fiscal year 2010 · full schema
SignalNBB filing
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, Nivelles · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
1.9 ha
Building footprint
6,161 m²
Volume, LiDAR
43,494 m³
Parcel 25782C0634/00P002, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
17 companies at this address See who is registered here
1 establishment unit
Fotocom
Rue du Commerce 13, 1400 NivellesNACE 22150
since 20052.151.033.594
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25782C0634/00P002 Wallonia 1.9 ha 1 · 6,161 m² 9.4 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

1 mandate
Role Name Tenure
Curator THOMAS VULHOPP
RUE DE CLAIRVAUX 40, 1348 LOUVAIN-LA-NEUVE
06-12-2021 → present

Structure & network

Owners and holdings

1 owner

Chain of control

  1. TOOGEZER 88%
  2. FOTOCOM

Highest known parent: TOOGEZER. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

Of 3,214 companies in sector 62900 we hold annual accounts for 1,743. 1,401 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded05-09-2005
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
Contact
Phone 02.401.02.19Nivelles
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 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.