FRAPAS
Open bankruptcyAre 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 Antwerp, Hasselt division
- Declared bankrupt
- 8 July 2026
- Supervising judge
- Hilde Claes
- Official Gazette
- 14-08-2026 (pdf) ↗search the document for 2026/134666
Deadlines
- Provisional date payments stopped
- 8 July 2026A later judgment can change the date.art. XX.105, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 7 August 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 20 August 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
- Appeal or third-party opposition until
- passed on 29 August 2026Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- Late claim until
- 8 July 2027A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustees
- Kristof KrolPrins Bisschopssingel 11, 3500 Hasseltk.krol@exacto-advocaten.be
- Gertjan CupersPrins Bisschopssingel 11, 3500 Hasselt- advocaten.be
What to do now
- 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.
- 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, 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.
File a claim in RegSol ↗
Follow
Follow this bankruptcy: you are alerted when it is closed or reversed.
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
Activity
Retail sale of clothing and accessories for women, men, children and babies (general range)
NACE 47716
2 sites
Size
€70,196total assets 2024
- Equity
- €8,532
- Profit
- €3,951
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
1 deed in the Belgian Official Gazette
Signalsraises riskOpen bankruptcy2024 accounts filed 28 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · 2024 accounts filed 28 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2024
28 days late
2023
310 days late
2022
676 days late
2021
177 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 298 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
- OpeningEnterprise Court of Antwerp, Hasselt…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2024 annual accounts filed late (28 days) Filed on 28 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00427275.
Equity
€8,532▲ 86.3%
2023 · €4,581
Total assets
€70,196▲ 226%
2023 · €21,521
Net result
€3,951
2023 · -€2,259
Working capital
-€975▲ 80.6%
2023 · -€5,025
Trend over the years
2021 to 2024, 4 financial years
The operating result returns to profit in 2024: €7,588 after a loss of €2,961 in 2023, 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.
Operating result€7,588
2024
Net result€3,951
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€70,196
2024
Equity€8,532
2024
Debt€61,664
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€975
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)5.6%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency12.2%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.98
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result€4,499-€2,855▼ 36.5%-€2,961€7,588
Net result€3,520within the sector's middle half-€1,819within the sector's middle half▼ 48.3%-€2,259within the sector's middle half€3,951within the sector's middle half
Equity€5,020below the sector's middle half-€6,840within the sector's middle half▲ 36.2%€4,581within the sector's middle half▼ 33.0%€8,532within the sector's middle half▲ 86.3%
Total assets€19,178below the sector's middle half-€16,693below the sector's middle half▼ 13.0%€21,521below the sector's middle half▲ 28.9%€70,196within the sector's middle half▲ 226%
Debt€14,158-€9,853▼ 30.4%€16,940▲ 71.9%€61,664▲ 264%
Working capital€3,569within the sector's middle half--€952within the sector's middle half-€5,025within the sector's middle half▼ 428%-€975within the sector's middle half▲ 80.6%
Solvency26.2%within the sector's middle half-41.0%within the sector's middle half▲ 14.8pp21.3%within the sector's middle half▼ 19.7pp12.2%within the sector's middle half▼ 9.1pp
Current ratio1.27within the sector's middle half-0.90within the sector's middle half▼ 0.370.70below the sector's middle half▼ 0.200.98within the sector's middle half▲ 0.28
Return on assets (ROA)18.4%above the sector's middle half-10.9%within the sector's middle half▼ 7.5pp-10.5%below the sector's middle half▼ 21.4pp5.6%within the sector's middle half▲ 16.1pp
above
within
below
the middle half of NACE 47, Retail trade: 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70,196
Fixed assets
€9,507 ▼ 1.0%
Current assets
€60,689 ▲ 409%
Equity and liabilities €70,196
Equity
€8,532 ▲ 86.3%
Debt
€61,664 ▲ 264%
Debt's share of the balance-sheet total rises from 78.7% to 87.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,920▲
2023 · -€1,693
Cash flow
€6,282▲
2023 · -€991
Quick ratio
0.36▼
2023 · 0.56
Debt to equity
7.23▲
2023 · 3.70
ROE
46.3%▲
2023 · -49.3%
Interest coverage
3.76▲
2023 · -27.06
Debt ≤ 1 year
€61,664▲
2023 · €16,940
Income taxes
€1,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4,587 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84 | €366 | €1,268 | €2,331 | ▲ 83.8% |
| Other operating charges640/8 | €1,431 | €398 | €311 | €393 | ▲ 26.3% |
| Gross operating margin9900 | €10,601 | €3,619 | -€1,382 | €10,312 | - |
| Operating profit (loss)9901 | €4,499 | €2,855 | -€2,961 | €7,588 | - |
| Financial income75/76B | €4 | €22 | €765 | - | - |
| Recurring financial income75 | €4 | €22 | €765 | - | - |
| Financial charges65/66B | €88 | €1,057 | €63 | €2,637 | ▲ 42× |
| Recurring financial charges65 | €88 | €1,057 | €63 | €2,637 | ▲ 42× |
| Profit (loss) for the period before taxes9903 | €4,414 | €1,819 | -€2,259 | €4,951 | - |
| Income taxes67/77 | €894 | - | - | €1,000 | - |
| Profit (loss) for the period9904 | €3,520 | €1,819 | -€2,259 | €3,951 | - |
| Profit (loss) for the period to be appropriated9905 | €3,520 | €1,819 | -€2,259 | €3,951 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €19,178 | €16,693 | €21,521 | €70,196 | ▲ 226% |
| Fixed assets21/28 | €2,515 | €7,792 | €9,606 | €9,507 | ▼ 1.0% |
| Tangible fixed assets22/27 | €615 | €5,892 | €7,706 | €7,607 | ▼ 1.3% |
| Land and buildings22 | - | €4,445 | €6,638 | €5,133 | ▼ 22.7% |
| Plant, machinery and equipment23 | €615 | €476 | €336 | €1,982 | ▲ 490% |
| Furniture and vehicles24 | - | €971 | €732 | €492 | ▼ 32.7% |
| Financial fixed assets28 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Current assets29/58 | €16,663 | €8,901 | €11,915 | €60,689 | ▲ 409% |
| Stocks and contracts in progress3 | - | - | €2,500 | €38,470 | ▲ 15× |
| Stocks30/36 | - | - | €2,500 | €38,470 | ▲ 15× |
| Amounts receivable within one year40/41 | - | - | - | €13,250 | - |
| Trade receivables40 | - | - | - | €1,085 | - |
| Other amounts receivable41 | - | - | - | €12,165 | - |
| Cash at bank and in hand54/58 | €16,663 | €8,901 | €9,415 | €8,969 | ▼ 4.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €19,178 | €16,693 | €21,521 | €70,196 | ▲ 226% |
| Equity10/15 | €5,020 | €6,840 | €4,581 | €8,532 | ▲ 86.3% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €3,520 | €3,520 | €3,520 | €3,520 | = |
| Distributable reserves133 | €3,520 | €3,520 | €3,520 | €3,520 | = |
| Profit (loss) carried forward14 | - | €1,819 | -€440 | €3,512 | - |
| Amounts payable17/49 | €14,158 | €9,853 | €16,940 | €61,664 | ▲ 264% |
| Amounts payable within one year42/48 | €13,093 | €9,853 | €16,940 | €61,664 | ▲ 264% |
| Trade debts44 | €5,643 | €1,585 | €1,334 | €7,449 | ▲ 458% |
| Suppliers440/4 | €5,643 | €1,585 | €1,334 | €7,449 | ▲ 458% |
| Taxes, remuneration and social security45 | €2,675 | €8,249 | €15,606 | €54,215 | ▲ 247% |
| Taxes450/3 | €1,961 | €8,249 | €15,606 | €54,215 | ▲ 247% |
| Remuneration and social security454/9 | €714 | - | - | - | - |
| Other amounts payable47/48 | €4,775 | €20 | - | - | - |
| Accrued charges and deferred income492/3 | €1,065 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,520 | €1,819 | -€2,259 | €3,951 | - |
| + Depreciation and write-downs630 | €84 | €366 | €1,268 | €2,331 | ▲ 83.8% |
| Operating cash flow (approximation) | €3,604 | €2,186 | -€991 | €6,282 | - |
| Investment in fixed assets (approximation) | - | -€5,642 | -€3,082 | -€2,232 | ▲ 27.6% |
| Change in cash | - | -€7,762 | €514 | -€446 | - |
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 (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 28-08-2025 | 2025-00427275 |
| 31-12-2023 | micro format | 06-06-2025 | 2025-00126288 |
| 31-12-2022 | micro format | 06-06-2025 | 2025-00126293 |
| 31-12-2021 | micro format | 24-01-2023 | 2023-00002353 |
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Of the 6,397 active companies whose main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716), figures are known for 2,451. 1,166 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Kristof Krol Prins Bisschopssingel 11, 3500 Hasselt |
08-07-2026 → present |
| Trustee | Gertjan Cupers Prins Bisschopssingel 11, 3500 Hasselt- advocaten.be |
08-07-2026 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2026
14-08
Bankruptcy
Opening
Enterprise Court of Antwerp, Hasselt division · judgment of 08-07-2026
2025
28-08
NBB filing
Annual accounts filed
financial year 2024 · micro format · 28 days late
06-06
NBB filing
Annual accounts filed
financial year 2023 · micro format · 310 days late
06-06
NBB filing
Annual accounts filed
financial year 2022 · micro format · 676 days late
30-05
Bankruptcy
Judicial dissolution, liquidator appointed
Enterprise Court of Antwerp, Hasselt division · liquidator: Dewael Lies · judgment of 22-05-2025
2024
31-12
Financial
Back to profitnet €3,951
Net result €3,951 after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet -€2,259
Net result drops to -€2,259, the lowest in the series.
24-01
NBB filing
Annual accounts filed
financial year 2021 · micro format · 177 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts
We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded02-10-2020
Financial year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
43350Other building finishing work
47721Retail sale of footwear
47750Retail sale of cosmetics and toilet articles
71121Engineering and related technical consultancy, excluding land surveyors
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755608917
Registered
05-10-2025
The company is no longer active; its listing in the Peppol Directory can remain until its access point withdraws it.
Register as of 27 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
Location & real-estate footprint
Registered office, Lommel · 2 establishment units since 2020
Ground area
1,869 m²
Building footprint
964 m²
Building volume
9,388 m³
2 parcels, Flanders · tallest building 17.6 m. Linked by address, not a title deed.
2 establishment units
FRAPAS
since 2020unit no. 2.311.823.962
FRAPAS
since 2023unit no. 2.353.186.940
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72020C0606/00T003 | Flanders | 1,420 m² | 1 · 854 m² | 17.6 m · 4 |
| 72020C0769/00R000 | Flanders | 449 m² | 1 · 110 m² | 6.4 m · 2 |
How the parcels are linked
Good to know
Both parcels match the address exactly.