GENT-CT
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 Ghent, Ghent division
- Declared bankrupt
- 5 March 2024
- Supervising judge
- Eddy De Grave
- Official Gazette
- 11-03-2024 (pdf) ↗search the document for 2024/110023
Deadlines
- Provisional date payments stopped
- 27 February 2024Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 26 March 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 4 April 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 9 April 2024Goods 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 5 March 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Sien VermeeschKeizer Karellaan 586, 1082 Brusselsvermeesch@be.racine.eu
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.
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 GENT-CT 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
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 31-01-2023, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
not filed
2022
on the day
2021
9 d late
2020
1 d late
2019
17 d early
2018
25 d late
2017
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day before the deadline; the sector median for financial year 2023 is 4 days before the deadline, and 40% 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?Addresses Are there other customers at risk in your own list?Process a list How is the Manufacture of food products sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€10,063▼ 63.6%
2021 · €27,616
Total assets
€249,584▼ 9.4%
2021 · €275,381
Net result
-€17,553
2021 · €1,104
Working capital
€1,494▼ 91.7%
2021 · €17,956
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 10, Manufacture of food products, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€14,581-€71,344▲ 389%€13,429▼ 81.2%-€13,059
Net result€7,751-€57,113above the sector's middle half▲ 637%€1,104within the sector's middle half▼ 98.1%-€17,553below the sector's middle half
Equity-€30,601-€26,512within the sector's middle half€27,616within the sector's middle half▲ 4.2%€10,063within the sector's middle half▼ 63.6%
Total assets€167,179-€249,186within the sector's middle half▲ 49.1%€275,381within the sector's middle half▲ 10.5%€249,584within the sector's middle half▼ 9.4%
Debt€197,781-€222,674▲ 12.6%€247,766▲ 11.3%€239,521▼ 3.3%
Working capital-€58,471-€8,206within the sector's middle half€17,956within the sector's middle half▲ 119%€1,494within the sector's middle half▼ 91.7%
Solvency-18.3%-10.6%within the sector's middle half▲ 28.9pp10.0%within the sector's middle half▼ 0.6pp4.0%within the sector's middle half▼ 6.0pp
Current ratio0.70-1.04within the sector's middle half▲ 0.331.07within the sector's middle half▲ 0.041.01within the sector's middle half▼ 0.07
Return on assets (ROA)4.6%-22.9%above the sector's middle half▲ 18.3pp0.4%within the sector's middle half▼ 22.5pp-7.0%below the sector's middle half▼ 7.4pp
Staff (FTE)7.7-6.5above the sector's middle half▼ 15.6%5.3▼ 18.5%1▼ 81.1%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €13,059 after €13,429 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €249,584
Fixed assets
€8,569 ▼ 11.3%
Current assets
€241,015 ▼ 9.3%
Equity and liabilities €249,584
Equity
€10,063 ▼ 63.6%
Debt
€239,521 ▼ 3.3%
Debt's share of the balance-sheet total rises from 90.0% to 96.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€11,967▼
2021 · €22,077
Cash flow
-€16,461▼
2021 · €9,752
Quick ratio
0.85▼
2021 · 0.93
Debt to equity
23.80
ROE
-174.4%▼
2021 · 4.0%
Interest coverage
-1.60
Debt ≤ 1 year
€239,521▼
2021 · €247,766
Staff costs
€47,944
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €47,944 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,564 | €9,564 | €8,648 | €1,091 | ▼ 87.4% |
| Other operating charges640/8 | - | - | - | €963 | - |
| Gross operating margin9900 | €327,097 | €320,691 | €221,138 | €36,940 | ▼ 83.3% |
| Operating profit (loss)9901 | €14,581 | €71,344 | €13,429 | -€13,059 | ▼ 197% |
| Financial income75/76B | - | - | - | €2,985 | - |
| Recurring financial income75 | - | €1,657 | €204 | €2,985 | ▲ 1,363% |
| Financial charges65/66B | - | - | - | €7,479 | - |
| Recurring financial charges65 | €6,025 | €13,019 | €10,361 | €7,479 | ▼ 27.8% |
| Profit (loss) for the period before taxes9903 | €8,556 | €59,982 | €3,272 | -€17,553 | ▼ 636% |
| Income taxes67/77 | €805 | €2,869 | €2,168 | - | - |
| Profit (loss) for the period9904 | €7,751 | €57,113 | €1,104 | -€17,553 | ▼ 1,690% |
| Profit (loss) for the period to be appropriated9905 | €7,751 | €57,113 | €1,104 | -€17,553 | ▼ 1,690% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €167,179 | €249,186 | €275,381 | €249,584 | ▼ 9.4% |
| Fixed assets21/28 | €27,870 | €18,305 | €9,660 | €8,569 | ▼ 11.3% |
| Tangible fixed assets22/27 | €27,870 | €18,305 | €9,660 | €8,569 | ▼ 11.3% |
| Other tangible fixed assets26 | - | - | - | €8,569 | - |
| Current assets29/58 | €139,310 | €230,880 | €265,722 | €241,015 | ▼ 9.3% |
| Amounts receivable after more than one year29 | - | - | - | €105,000 | - |
| Other amounts receivable291 | - | - | - | €105,000 | - |
| Stocks and contracts in progress3 | €25,850 | €36,300 | €36,300 | €36,300 | = |
| Stocks30/36 | - | - | - | €36,300 | - |
| Amounts receivable within one year40/41 | €45,543 | €110,566 | €110,151 | €98,654 | ▼ 10.4% |
| Trade receivables40 | - | - | - | €97,301 | - |
| Other amounts receivable41 | - | - | - | €1,353 | - |
| Cash at bank and in hand54/58 | €67,916 | €21,015 | €8,771 | €1,061 | ▼ 87.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €167,179 | €249,186 | €275,381 | €249,584 | ▼ 9.4% |
| Equity10/15 | -€30,601 | €26,512 | €27,616 | €10,063 | ▼ 63.6% |
| Contributions10/11 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Capital10 | - | - | - | €7,500 | - |
| Issued capital100 | - | - | - | €20,000 | - |
| Uncalled capital101 | - | - | - | €12,500 | - |
| Reserves13 | €5,022 | €19,012 | €20,116 | €20,116 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | - |
| Legal reserve130 | - | - | - | €2,000 | - |
| Distributable reserves133 | - | - | - | €18,116 | - |
| Profit (loss) carried forward14 | -€43,123 | -€50,874 | -€43,123 | -€17,553 | ▲ 59.3% |
| Amounts payable17/49 | €197,781 | €222,674 | €247,766 | €239,521 | ▼ 3.3% |
| Amounts payable within one year42/48 | €197,781 | €222,674 | €247,766 | €239,521 | ▼ 3.3% |
| Financial debts43 | - | - | - | €117,302 | - |
| Credit institutions430/8 | - | - | - | €117,302 | - |
| Trade debts44 | €49,139 | €20,007 | €18,740 | €27,598 | ▲ 47.3% |
| Suppliers440/4 | - | - | - | €27,598 | - |
| Taxes, remuneration and social security45 | - | - | - | €25,188 | - |
| Taxes450/3 | - | - | - | €25,188 | - |
| Other amounts payable47/48 | - | - | - | €69,433 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,751 | €57,113 | €1,104 | -€17,553 | ▼ 1,690% |
| + Depreciation and write-downs630 | €9,564 | €9,564 | €8,648 | €1,091 | ▼ 87.4% |
| Operating cash flow (approximation) | €17,315 | €66,677 | €9,752 | -€16,461 | ▼ 269% |
| Investment in fixed assets (approximation) | - | €0 | -€3 | €0 | ▲ 100% |
| Change in cash | - | -€46,902 | -€12,244 | -€7,709 | ▲ 37.0% |
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
2024
11-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 05-03-2024
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€17,553
Net result drops to -€17,553, the lowest in the series.
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Highest result since 2019net €57,113 ▲637%
Operating result €71,344, net result €57,113, both a record.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
2018
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
12-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
12-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
17-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2001
Ground area
1,488 m²
Building footprint
407 m²
Volume, LiDAR
2,130 m³
Parcel 44432C0584/00V000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
AUTO'S CAVDARLI
since 20012.095.358.861
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0584/00V000 | Flanders | 1,488 m² | 2 · 407 m² | 11.8 m · 2 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 | SIEN VERMEESCH Keizer Karellaan 586, 1082 Brussel |
05-03-2024 → present |
Similar companies · same sector, comparable size
O&A Services
BE 0820.097.782
Antwerpen · Eq €10,312
TNM COMPANY
BE 1006.344.712
Gent · Eq €9,492
PROWOSOL
BE 0843.009.182
Gent · Eq €10,677
GUILLAUME
BE 0874.901.891
Nazareth-De Pinte · Eq €8,903
LAURENT LEFEVRE
BE 0683.796.352
Ham-sur-Heure-Nalinnes · Eq €8,784
Of 597 companies in this sector we hold annual accounts for 329. 120 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded18-07-2001
Fiscal year end30-06
Activities, NACEBEL 2025
10111Manufacture of food products
47811Retail sale of cars and light vans (up to 3.5 tonnes)
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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.