FRGN
Open bankruptcyA bankruptcy procedure is open for FRGN according to publications in the Belgian State Gazette; curator: PASCAL LAMBERT.
Summary
The 2020 annual accounts show negative equity (-€29,425) and a net result of €1,282.
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 Liège, Liège division
- Declared bankrupt
- 24 April 2023
- Supervising judge
- Yves Drapier
- Official Gazette
- 28-04-2023 (pdf) ↗search the document for 2023/116697
Curator
- Pascal LambertRue De La Leche 36, 4020 Liege 2pascal.lambert@troxquet-avocats.com
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.
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
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-08-2021, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 61 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
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?Address check Are there other customers at risk in your own list?Debtor check How is the Cafés and bars sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
-€29,425▲ 4.2%
2019 · -€30,707
Total assets
€271,560▼ 13.3%
2019 · €313,295
Net result
€1,282
2019 · -€33,215
Working capital
-€183,610▲ 8.5%
2019 · -€200,719
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
Line201820192020
Operating result€3,758--€30,574€6,948
Net result€2,573--€33,215€1,282
Equity€2,508--€30,707-€29,425▲ 4.2%
Total assets€39,804-€313,295▲ 687%€271,560▼ 13.3%
Debt€37,296-€344,002▲ 822%€300,985▼ 12.5%
Working capital-€20,659--€200,719▼ 872%-€183,610▲ 8.5%
Staff (FTE)1.12.9▲ 164%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €6,948 after a loss of €30,574 in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €271,560
Fixed assets
€233,032 ▼ 8.9%
Current assets
€38,528 ▼ 32.9%
Key figures and ratios
EBITDA
€45,242▲
2019 · €7,639
Cash flow
€39,577▲
2019 · €4,997
Solvency
-10.8%▼
2019 · -9.8%
Current ratio
0.17▼
2019 · 0.22
Quick ratio
0.16▼
2019 · 0.19
Debt to equity
-2.63▲
2019 · -2.73
ROA
0.5%▲
2019 · -10.6%
Debt ≤ 1 year
€222,138▼
2019 · €258,158
Debt > 1 year
€77,374▼
2019 · €83,857
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,430 | €38,212 | €38,295 | ▲ 0.2% |
| Gross operating margin9900 | €20,277 | €56,007 | €81,598 | ▲ 45.7% |
| Operating profit (loss)9901 | €3,758 | -€30,574 | €6,948 | ▲ 123% |
| Recurring financial income75 | €0 | €1,501 | - | - |
| Recurring financial charges65 | €1,185 | €4,143 | €5,665 | ▲ 36.8% |
| Profit (loss) for the period before taxes9903 | €2,573 | -€33,215 | €1,282 | ▲ 104% |
| Profit (loss) for the period9904 | €2,573 | -€33,215 | €1,282 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | €2,573 | -€33,215 | €1,282 | ▲ 104% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €39,804 | €313,295 | €271,560 | ▼ 13.3% |
| Fixed assets21/28 | €23,167 | €255,855 | €233,032 | ▼ 8.9% |
| Intangible fixed assets21 | - | €26,035 | €32,260 | ▲ 23.9% |
| Tangible fixed assets22/27 | €22,557 | €227,155 | €198,106 | ▼ 12.8% |
| Financial fixed assets28 | €610 | €2,665 | €2,665 | = |
| Current assets29/58 | €16,637 | €57,439 | €38,528 | ▼ 32.9% |
| Stocks and contracts in progress3 | - | €7,124 | €2,589 | ▼ 63.7% |
| Amounts receivable within one year40/41 | €16,637 | €39,987 | €33,755 | ▼ 15.6% |
| Cash at bank and in hand54/58 | - | €9,561 | €1,402 | ▼ 85.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €39,804 | €313,295 | €271,560 | ▼ 13.3% |
| Equity10/15 | €2,508 | -€30,707 | -€29,425 | ▲ 4.2% |
| Contributions10/11 | €17,360 | €17,360 | - | - |
| Reserves13 | €9,000 | €9,000 | €9,000 | = |
| Profit (loss) carried forward14 | -€23,852 | -€57,067 | -€55,785 | ▲ 2.2% |
| Amounts payable17/49 | €37,296 | €344,002 | €300,985 | ▼ 12.5% |
| Amounts payable after more than one year17 | - | €83,857 | €77,374 | ▼ 7.7% |
| Amounts payable within one year42/48 | €37,296 | €258,158 | €222,138 | ▼ 14.0% |
| Trade debts44 | €16,680 | €52,716 | €39,104 | ▼ 25.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,573 | -€33,215 | €1,282 | ▲ 104% |
| + Depreciation and write-downs630 | €9,430 | €38,212 | €38,295 | ▲ 0.2% |
| Operating cash flow (approximation) | €12,003 | €4,997 | €39,577 | ▲ 692% |
| Investment in fixed assets (approximation) | - | -€270,901 | -€15,471 | ▲ 94.3% |
| Change in cash | - | - | -€8,159 | - |
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
2023
28-04
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 24-04-2023
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €1,282
Net result €1,282 after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet -€33,215
Net result drops to -€33,215, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 396 days late
2014
30-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 30 days late
25-04
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 268 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Liège · 1 establishment unit since 2011
Ground area
81 m²
Building footprint
75 m²
Volume, LiDAR
1,123 m³
Parcel 62063A1562/00B000, Wallonia · tallest building 22.1 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Au tableau qui dit des bêtises
since 20112.199.796.187
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063A1562/00B000 | Wallonia | 81 m² | 1 · 75 m² | 22.1 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 | PASCAL LAMBERT RUE DE LA LECHE 36,
4020 LIEGE 2 |
24-04-2023 → present |
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 1,995 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
Founded06-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
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.