Skip to content

General Group

Open bankruptcy
Private limited companyfounded 2018Noorderlaan 147, 2060 Antwerpen, BelgiumKBO/BCE: BE 0697.829.381

A bankruptcy procedure is open for General Group according to publications in the Belgian State Gazette; curator: GUY VAN DENABEELE.

Summary

The 2021 annual accounts show negative equity (-€190,241) and a net result of -€226,799.

General GroupOpen bankruptcy

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 Antwerp, Antwerp division
Declared bankrupt
27 April 2023
Supervising judge
Paul Becue
Official Gazette
04-05-2023 (pdf) ↗search the document for 2023/117361

Deadlines

Provisional date payments stopped
27 April 2023A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 19 May 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 27 May 2023art. XX.104 and XX.155 CEL
First verification report
passed on 23 June 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 27 April 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Guy Van DenabeeleVan Beethovenstraat 28 Bus 402, 2018 Antwerpen 1guy.van.denabeele@hotmail.com

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.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

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.Creditor guide for this company

Embed in an article

Writing about this bankruptcy? Put the card of General Group in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.

Preview
The preview appears here.
  • Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
  • Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
  • Where scripts do not run (a newsletter, a feed reader) a plain link remains.

Signals

1 signal.
+raises risk
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator. The KBO register also records: open bankruptcy.
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

General Group was incorporated on 12 June 2018.1 Total assets rose from EUR 147,953 in 2018 to EUR 1.8 million in 2021.2 On 27 April 2023 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 04-05-2023

Go further with this company

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

Financials · fiscal year 2021, abbreviated schema

Equity
-€190,241
2020 · €36,558
Total assets
€1.8m▲ 49.9%
2020 · €1.2m
Net result
-€226,799▼ 539%
2020 · -€35,478
Working capital
-€319,620▼ 298%
2020 · -€80,355
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable unfavourable
Line2018201920202021
Operating result€22,312-€55,286▲ 148%-€34,379-€224,717▼ 554%
Net result€15,093-€38,343▲ 154%-€35,478below the sector's middle half-€226,799below the sector's middle half▼ 539%
Equity€27,493-€72,036▲ 162%€36,558below the sector's middle half▼ 49.3%-€190,241below the sector's middle half
Total assets€147,953-€555,831▲ 276%€1.2mwithin the sector's middle half▲ 118%€1.8mwithin the sector's middle half▲ 49.9%
Debt€120,460-€483,795▲ 302%€1.2m▲ 143%€2.0m▲ 70.7%
Working capital-€12,065--€27,604▼ 129%-€80,355below the sector's middle half▼ 191%-€319,620below the sector's middle half▼ 298%
Solvency18.6%-13.0%▼ 5.6pp3.0%below the sector's middle half▼ 9.9pp-10.5%below the sector's middle half▼ 13.5pp
Current ratio0.90-0.94▲ 0.040.93below the sector's middle half▼ 0.010.84below the sector's middle half▼ 0.09
Return on assets (ROA)10.2%-6.9%▼ 3.3pp-2.9%below the sector's middle half▼ 9.8pp-12.5%below the sector's middle half▼ 9.5pp
above within below the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€300,000-€200,000-€100,000€0€100,000Operating result 2018: €22,312€22,312Net result 2018: €15,093€15,093Operating result 2019: €55,286€55,286Net result 2019: €38,343€38,343Operating result 2020: -€34,379-€34,379Net result 2020: -€35,478-€35,478Operating result 2021: -€224,717-€224,717Net result 2021: -€226,799-€226,7992018201920202021-€300,000-€200,000-€100,000€0€100,000Operating result 2019: €55,286€55,300Net result 2019: €38,343€38,300Operating result 2020: -€34,379Net result 2020: -€35,478-€35,500Operating result 2021: -€224,717-€225,000Net result 2021: -€226,799-€227,000201920202021
The operating result stays negative: a loss of €224,717 in 2021 against €34,379 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.8m
Fixed assets €129,379 ▲ 6.0%
Current assets €1.7m ▲ 54.8%
Equity and liabilities
Equity-€190,241
Debt€2.0m
Equity is negative: debt (€2.0m) exceeds the balance-sheet total (€1.8m).
Key figures and ratios
2021 value · change against 2020
EBITDA
-€191,081▼
2020 · -€11,888
Cash flow
-€193,163▼
2020 · -€12,987
Quick ratio
0.81▼
2020 · 0.93
Interest coverage
-91.79
Debt ≤ 1 year
€2.0m▲
2020 · €1.2m
Staff costs
€1,254
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 · 2021 against 2020 · 43 lines
Balance sheet Code20202021
Assets
Total assets20/58€1.2m€1.8m▲
Fixed assets21/28€122,042€129,379▲
Tangible fixed assets22/27€93,042€100,379▲
Land and buildings22-€7,374
Furniture and vehicles24-€93,005
Financial fixed assets28€29,000€29,000=
Current assets29/58€1.1m€1.7m▲
Stocks and contracts in progress3-€55,000
Stocks30/36-€55,000
Amounts receivable within one year40/41€1.0m€1.5m▲
Trade receivables40-€1.4m
Other amounts receivable41-€132,729
Cash at bank and in hand54/58€1,266€98,504▲
Deferred charges and accrued income490/1-€28,803
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.8m▲
Equity10/15€36,558-€190,241▼
Contributions10/11-€18,600
Reserves13€53,436€53,436=
Distributable reserves133-€53,436
Profit (loss) carried forward14-€35,478-€262,277▼
Amounts payable17/49€1.2m€2.0m▲
Amounts payable within one year42/48€1.2m€2.0m▲
Trade debts44€1.1m€553,133▼
Suppliers440/4-€553,133
Advances received on contracts in progress46-€1.2m
Taxes, remuneration and social security45-€226,399
Taxes450/3-€226,399
Other amounts payable47/48-€5,363
Accrued charges and deferred income492/3-€0
Income statement Code20202021
Remuneration, social security and pensions62-€1,254
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,491€33,636▲
Other operating charges640/8-€16,343
Gross operating margin9900€47,298-€173,484▼
Operating profit (loss)9901-€34,379-€224,717▼
Recurring financial income75€0-
Financial charges65/66B-€2,082
Recurring financial charges65€1,100€2,082▲
Profit (loss) for the period before taxes9903-€35,478-€226,799▼
Income taxes67/77€0-
Profit (loss) for the period9904-€35,478-€226,799▼
Profit (loss) for the period to be appropriated9905-€35,478-€226,799▼
Appropriation of the result
Profit (loss) to be appropriated9906--€262,277
Profit (loss) brought forward from the previous period14P--€35,478

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Remuneration, social security and pensions62---€1,254-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,084€21,763€22,491€33,636▲ 49.6%
Other operating charges640/8---€16,343-
Gross operating margin9900€30,376€133,554€47,298-€173,484▼ 467%
Operating profit (loss)9901€22,312€55,286-€34,379-€224,717▼ 554%
Recurring financial income75-€4€0--
Financial charges65/66B---€2,082-
Recurring financial charges65€17€3,280€1,100€2,082▲ 89.3%
Profit (loss) for the period before taxes9903€22,295€52,010-€35,478-€226,799▼ 539%
Income taxes67/77€7,202€13,667€0--
Profit (loss) for the period9904€15,093€38,343-€35,478-€226,799▼ 539%
Profit (loss) for the period to be appropriated9905€15,093€38,343-€35,478-€226,799▼ 539%
Line2018201920202021Change
Assets
Total assets20/58€147,953€555,831€1.2m€1.8m▲ 49.9%
Fixed assets21/28€39,558€104,770€122,042€129,379▲ 6.0%
Tangible fixed assets22/27€39,558€75,770€93,042€100,379▲ 7.9%
Land and buildings22---€7,374-
Furniture and vehicles24---€93,005-
Financial fixed assets28-€29,000€29,000€29,000=
Current assets29/58€108,395€451,060€1.1m€1.7m▲ 54.8%
Stocks and contracts in progress3---€55,000-
Stocks30/36---€55,000-
Amounts receivable within one year40/41€107,129€401,414€1.0m€1.5m▲ 44.0%
Trade receivables40---€1.4m-
Other amounts receivable41---€132,729-
Cash at bank and in hand54/58€1,266€20,844€1,266€98,504▲ 7,679%
Deferred charges and accrued income490/1---€28,803-
Equity and liabilities
Total equity and liabilities10/49€147,953€555,831€1.2m€1.8m▲ 49.9%
Equity10/15€27,493€72,036€36,558-€190,241▼ 620%
Contributions10/11€12,400€18,600-€18,600-
Reserves13€15,093€53,436€53,436€53,436=
Distributable reserves133---€53,436-
Profit (loss) carried forward14---€35,478-€262,277▼ 639%
Amounts payable17/49€120,460€483,795€1.2m€2.0m▲ 70.7%
Amounts payable within one year42/48€120,460€478,664€1.2m€2.0m▲ 71.5%
Trade debts44€79,903€410,697€1.1m€553,133▼ 50.1%
Suppliers440/4---€553,133-
Advances received on contracts in progress46---€1.2m-
Taxes, remuneration and social security45---€226,399-
Taxes450/3---€226,399-
Other amounts payable47/48---€5,363-
Accrued charges and deferred income492/3---€0-
Line2018201920202021Change
Profit (loss) for the period9904€15,093€38,343-€35,478-€226,799▼ 539%
+ Depreciation and write-downs630€5,084€21,763€22,491€33,636▲ 49.6%
Operating cash flow (approximation)€20,177€60,106-€12,987-€193,163▼ 1,387%
Investment in fixed assets (approximation)--€86,976-€39,763-€40,973▼ 3.0%
Change in cash-€19,578-€19,578€97,237▲ 597%

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

2023
04-05
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 27-04-2023
03-02
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 187 days late
2022
25-01
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 178 days late
2021
31-12
Financial Weakest financial yearnet -€226,799
Net result drops to -€226,799, the lowest in the series.
2020
18-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 140 days late
2019
31-12
Financial Highest result since 2018net €38,343 ▲154%
Operating result €55,286, net result €38,343, both a record.
29-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
seat establishment approximate The establishment unit on the map
Ground area
1.2 ha
Building footprint
4,757 m²
Volume, LiDAR
53,612 m³
Parcel 11807G0086/00C005, Flanders · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Noorderlaan 147, 2060 Antwerpen
Manufacture of metal structures and parts of structures
since 20182.277.751.525
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11807G0086/00C005 Flanders 1.2 ha 1 · 4,757 m² 16.1 m · 4 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 GUY VAN DENABEELE
Van Beethovenstraat 28 Bus 402, 2018 Antwerpen 1
27-04-2023 → present

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,573 companies in this sector we hold annual accounts for 8,205. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded12-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
25110Manufacture of metal structures and parts of structures
43230Insulation installation
43350Other building finishing work
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 30 September 2026 · Peppol Directory

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