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GALAXY STUDIOS

Open bankruptcy
Public limited companyfounded 1982Kievitstraat 42, 2400 Mol, BelgiumKBO/BCE: BE 0423.224.460
Summary

A bankruptcy procedure is open for GALAXY STUDIOS according to publications in the Belgian Official Gazette. The file additionally contains 1 interim measure and 2 judicial reorganisation notices. The 2022 annual accounts show equity of €667,523 and a net result of -€1.8m.

GALAXY STUDIOSOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

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 Antwerp, Turnhout division
Declared bankrupt
21 November 2023
Supervising judge
Dirk Schellens
Official Gazette
27-11-2023 (pdf) ↗search the document for 2023/145197

Deadlines

Provisional date payments stopped
21 May 2023Moved back by judgment of 25 June 2024. Payments and security you received since that day can in some cases be challenged by the trustee.art. XX.105, XX.111 and XX.112, Code of Economic Law
Appeal or third-party opposition until
passed on 12 December 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 21 December 2023art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 2 January 2024Reclaim 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
Late claim until
passed on 21 November 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

Trustees

On 1 September 2026 the court published a change of trustee. Who runs the file now is in that publication (reference 2026/136444) and in RegSol.That day's Gazette (pdf) ↗

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. 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.

View the file 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
Motion picture, video and television programme production, sound recording and music publishing activities
NACE 59203
1 site
Size
€3.5mturnover 2022
Staff
9.2 FTE
Equity
€667,523
Loss
-€1.8m
Financial health
Open bankruptcy: no score
Structure
Parent
GALAXY STUDIOS GROUP · 98.72%
0 of 6 deeds read
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-07-2023, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2022
on the day
2021
23 days early
2020
180 days late
2019
29 days early
2018
34 days early
2017
33 days early
2016
1 day late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 9 days after the deadline; the sector median (NACE 59) for financial year 2022 is 3 days before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Change of trusteeEnterprise Court of Antwerp, Turnhout…
  2. Date of cessation of payments moved…Enterprise Court of Antwerp, Turnhout…
  3. Supervising judge replacedEnterprise Court of Antwerp, Turnhout…

Key points

  • Risk: Declared bankrupttrustee: Jean De Chaffoy 21-11-2023 View
  • Positive: Turnover rose in 2022from €1.6m to €3.5m ▲ 119% View
  • Controlled by GALAXY STUDIOS GROUP 98.72% View

By topic

Financials

Financial year
2022
Turnover
€3.5m
Loss
-€1.8m
Solvency
7.8%
Turnover▲ 119%
Net result
20212022
Go to Financials

Timeline

Events
48
Since
1984
  1. 27-11-2023Opening
  2. 17-11-2023Provisional administrator
  3. 10-11-2023Extension of the stay refused
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Motion picture, video and television programme production, sound…NACE 59203
Founded
08-12-1982
Year ends
31-12
Peppol
Still in the Peppol directory
Go to Company details

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