FoundCOM
Open bankruptcyAre you a creditor?
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- Enterprise Court of Ghent, Ostend division
- Declared bankrupt
- 9 January 2023
- Supervising judge
- Frederik Corneillie
- Official Gazette
- 13-01-2023 (pdf) ↗search the document for 2023/100892
Deadlines
- Provisional date payments stopped
- 9 January 2022Payments and security you received since that day can in some cases be challenged by the trustee. A later judgment can change the date.art. XX.105, XX.111 and XX.112, Code of Economic Law
- Appeal or third-party opposition until
- passed on 28 January 2023Fifteen 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 8 February 2023art. XX.104 and XX.155, Code of Economic Law
- Late claim until
- passed on 9 January 2024A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Martine DecherfKloosterstraat 22, 8820 Torhoutinfo@advocaatdecherf.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
- Staff
- 1.8 FTE
- Equity
- €21,279
- Profit
- €13,759
Signalsraises riskOpen bankruptcyShow the evidence
Signals
Searched, nothing found (1)
- OpeningEnterprise Court of Ghent, Ostend…
- Provisional administratorEnterprise Court of Ghent ·…
- Annual accounts filedfinancial year 2020 · micro…
Financials · financial year 2020, micro format
2020 annual accounts filed late (311 days) Filed on 7 June 2022, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2022-20051145.
2018 to 2020, 3 financial years
The operating result returns to profit in 2020: €28,454 after a loss of €7,147 in 2019, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 61, Telecommunications: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,217 | - |
| Remuneration, social security and pensions62 | - | - | €65,115 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €46,232 | €23,841 | ▼ 48.4% |
| Other operating charges640/8 | - | - | €5,790 | - |
| Gross operating margin9900 | €44,390 | €109,032 | €123,199 | ▲ 13.0% |
| Operating profit (loss)9901 | €1,326 | -€7,147 | €28,454 | - |
| Financial income75/76B | - | - | €1,398 | - |
| Recurring financial income75 | €334 | - | €1,398 | - |
| Financial charges65/66B | - | - | €3,914 | - |
| Recurring financial charges65 | €1,468 | €1,896 | €3,914 | ▲ 106% |
| Profit (loss) for the period before taxes9903 | €193 | -€9,044 | €25,938 | - |
| Income taxes67/77 | €0 | €2,229 | €12,179 | ▲ 446% |
| Profit (loss) for the period9904 | €193 | -€11,273 | €13,759 | - |
| Profit (loss) for the period to be appropriated9905 | €193 | -€11,273 | €13,759 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €126,963 | €401,317 | €445,620 | ▲ 11.0% |
| Formation expenses20 | €3,941 | - | - | - |
| Fixed assets21/28 | €80,831 | €77,265 | €51,425 | ▼ 33.4% |
| Intangible fixed assets21 | €62,150 | €72,374 | €49,760 | ▼ 31.2% |
| Tangible fixed assets22/27 | €17,465 | €3,594 | €368 | ▼ 89.8% |
| Furniture and vehicles24 | - | - | €368 | - |
| Financial fixed assets28 | €1,216 | €1,297 | €1,297 | = |
| Current assets29/58 | €42,191 | €324,051 | €394,196 | ▲ 21.6% |
| Stocks and contracts in progress3 | €7,423 | €20,668 | €31,090 | ▲ 50.4% |
| Stocks30/36 | - | - | €31,090 | - |
| Amounts receivable within one year40/41 | €30,091 | €300,203 | €358,771 | ▲ 19.5% |
| Trade receivables40 | - | - | €346,737 | - |
| Other amounts receivable41 | - | - | €12,034 | - |
| Current investments50/53 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €4,339 | €3,180 | €4,334 | ▲ 36.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €126,963 | €401,317 | €445,620 | ▲ 11.0% |
| Equity10/15 | €18,793 | €7,520 | €21,279 | ▲ 183% |
| Contributions10/11 | €18,600 | - | €18,600 | - |
| Reserves13 | €193 | €193 | €2,679 | ▲ 1,291% |
| Non-distributable reserves130/1 | - | - | €193 | - |
| Reserves not available under the articles1311 | - | - | €193 | - |
| Distributable reserves133 | - | - | €2,487 | - |
| Profit (loss) carried forward14 | €0 | -€11,273 | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - |
| Amounts payable17/49 | €108,171 | €393,797 | €424,341 | ▲ 7.8% |
| Amounts payable after more than one year17 | €0 | - | - | - |
| Amounts payable within one year42/48 | €108,171 | €393,407 | €402,341 | ▲ 2.3% |
| Financial debts43 | - | - | €1,010 | - |
| Credit institutions430/8 | - | - | €1,010 | - |
| Trade debts44 | €44,987 | €127,066 | €104,537 | ▼ 17.7% |
| Suppliers440/4 | - | - | €104,537 | - |
| Advances received on contracts in progress46 | - | - | €40,091 | - |
| Taxes, remuneration and social security45 | - | - | €70,194 | - |
| Taxes450/3 | - | - | €53,221 | - |
| Remuneration and social security454/9 | - | - | €16,973 | - |
| Other amounts payable47/48 | - | - | €186,510 | - |
| Accrued charges and deferred income492/3 | - | - | €22,000 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €193 | -€11,273 | €13,759 | - |
| + Depreciation and write-downs630 | €0 | €46,232 | €23,841 | ▼ 48.4% |
| Operating cash flow (approximation) | €193 | €34,959 | €37,600 | ▲ 7.6% |
| Investment in fixed assets (approximation) | - | -€42,666 | €2,000 | - |
| Change in cash | - | -€1,160 | €1,154 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2020 | micro format | 07-06-2022 | 2022-20051145 |
| 31-12-2019 | micro format | 18-05-2021 | 2021-14600239 |
| 31-12-2018 | micro format | 27-08-2019 | 2019-51800517 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Martine Decherf Kloosterstraat 22, 8820 Torhout |
09-01-2023 → present |
| Interim administrator | Dave Pardo | 21-11-2022 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
About the unread acts
We know of 5 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25037E0475/00Z004 | Wallonia | 910 m² | 1 · 201 m² | 12.2 m · 3 |
| 35382D0707/00Y000 | Flanders | 704 m² | 1 · 517 m² | 7.9 m · 2 |