GOW!
Open bankruptcyA bankruptcy procedure is open for GOW! according to publications in the Belgian State Gazette; curator: FILIP HOUVENAGHEL.
Summary
The 2023 annual accounts show negative equity (-€38,239) and a net result of -€15,919.
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 Ghent, Ypres division
- Declared bankrupt
- 11 April 2025
- Supervising judge
- Sylvie Vercruysse
- Official Gazette
- 17-04-2025 (pdf) ↗search the document for 2025/116703
Deadlines
- Provisional date payments stopped
- 11 April 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 2 May 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 11 May 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 6 June 2025Goods 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 11 April 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Filip HouvenaghelDeken De Bolaan 57, 8970 Poperingeinfo@houvenaghel.be
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
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Signals
Three 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 31-12-2023 was due by 31-07-2024 and was filed on 06-06-2024, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
55 d early
2022
18 d early
2021
60 d early
2020
61 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 50 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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?List enrichment How is the Land transport and transport via pipelines sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€38,239▼ 71.3%
2022 · -€22,319
Total assets
€132,909▼ 38.9%
2022 · €217,492
Net result
-€15,919▲ 67.0%
2022 · -€48,292
Working capital
-€134,773▼ 8.9%
2022 · -€123,811
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€2,112▲ 218%-€710-€827▼ 16.5%-€45,298▼ 5,376%-€13,360▲ 70.5%
Net result-€1,485▲ 81.6%-€3,781below the sector's middle half▼ 155%-€3,856below the sector's middle half▼ 2.0%-€48,292below the sector's middle half▼ 1,152%-€15,919below the sector's middle half▲ 67.0%
Equity€36,859▼ 3.9%€33,078within the sector's middle half▼ 10.3%€27,223within the sector's middle half▼ 17.7%-€22,319below the sector's middle half-€38,239below the sector's middle half▼ 71.3%
Total assets€157,448▼ 18.7%€193,964within the sector's middle half▲ 23.2%€209,141within the sector's middle half▲ 7.8%€217,492within the sector's middle half▲ 4.0%€132,909within the sector's middle half▼ 38.9%
Debt€120,589▼ 22.4%€160,885▲ 33.4%€181,918▲ 13.1%€239,812▲ 31.8%€171,148▼ 28.6%
Working capital-€73,543▲ 2.6%-€78,329below the sector's middle half▼ 6.5%-€79,227below the sector's middle half▼ 1.1%-€123,811below the sector's middle half▼ 56.3%-€134,773below the sector's middle half▼ 8.9%
Solvency23.4%▲ 3.6pp17.1%within the sector's middle half▼ 6.4pp13.0%below the sector's middle half▼ 4.0pp-10.3%below the sector's middle half▼ 23.3pp-28.8%below the sector's middle half▼ 18.5pp
Current ratio0.20▼ 0.180.45below the sector's middle half▲ 0.240.53below the sector's middle half▲ 0.080.47below the sector's middle half▼ 0.060.21below the sector's middle half▼ 0.26
Return on assets (ROA)-0.9%▲ 3.2pp-1.9%within the sector's middle half▼ 1.0pp-1.8%below the sector's middle half▲ 0.1pp-22.2%below the sector's middle half▼ 20.4pp-12.0%below the sector's middle half▲ 10.2pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,360 in 2023 against €45,298 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €132,909
Fixed assets
€96,535 ▼ 10.4%
Current assets
€36,374 ▼ 66.9%
Key figures and ratios
EBITDA
-€2,152▲
2022 · -€34,091
Cash flow
-€4,712▲
2022 · -€37,085
Debt to equity
-4.48▲
2022 · -10.74
Interest coverage
-0.84▲
2022 · -11.39
Debt ≤ 1 year
€171,148▼
2022 · €233,562
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 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,874 | €10,740 | €11,207 | €11,207 | €11,207 | = |
| Other operating charges640/8 | - | - | €627 | €586 | €1,194 | ▲ 104% |
| Gross operating margin9900 | €13,701 | €10,698 | €11,008 | -€33,505 | -€958 | ▲ 97.1% |
| Operating profit (loss)9901 | €2,112 | -€710 | -€827 | -€45,298 | -€13,360 | ▲ 70.5% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | €3,028 | €2,994 | €2,560 | ▼ 14.5% |
| Recurring financial charges65 | €3,597 | €3,071 | €3,028 | €2,994 | €2,560 | ▼ 14.5% |
| Profit (loss) for the period before taxes9903 | -€1,485 | -€3,781 | -€3,856 | -€48,292 | -€15,919 | ▲ 67.0% |
| Profit (loss) for the period9904 | -€1,485 | -€3,781 | -€3,856 | -€48,292 | -€15,919 | ▲ 67.0% |
| Profit (loss) for the period to be appropriated9905 | -€1,485 | -€3,781 | -€3,856 | -€48,292 | -€15,919 | ▲ 67.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157,448 | €193,964 | €209,141 | €217,492 | €132,909 | ▼ 38.9% |
| Fixed assets21/28 | €138,556 | €130,157 | €118,950 | €107,742 | €96,535 | ▼ 10.4% |
| Tangible fixed assets22/27 | €138,556 | €130,157 | €118,950 | €107,742 | €96,535 | ▼ 10.4% |
| Plant, machinery and equipment23 | - | - | €118,950 | €107,742 | €96,535 | ▼ 10.4% |
| Current assets29/58 | €18,892 | €63,807 | €90,191 | €109,750 | €36,374 | ▼ 66.9% |
| Amounts receivable within one year40/41 | €13,710 | €62,447 | €90,015 | €101,251 | €36,359 | ▼ 64.1% |
| Trade receivables40 | - | - | €90,015 | €100,888 | €35,002 | ▼ 65.3% |
| Other amounts receivable41 | - | - | - | €363 | €1,357 | ▲ 274% |
| Cash at bank and in hand54/58 | €5,183 | €1,360 | €176 | €8,499 | €15 | ▼ 99.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157,448 | €193,964 | €209,141 | €217,492 | €132,909 | ▼ 38.9% |
| Equity10/15 | €36,859 | €33,078 | €27,223 | -€22,319 | -€38,239 | ▼ 71.3% |
| Contributions10/11 | €111,250 | - | €109,250 | €108,000 | €108,000 | = |
| Profit (loss) carried forward14 | -€74,391 | -€78,172 | -€82,027 | -€130,319 | -€146,239 | ▼ 12.2% |
| Amounts payable17/49 | €120,589 | €160,885 | €181,918 | €239,812 | €171,148 | ▼ 28.6% |
| Amounts payable after more than one year17 | €25,000 | €18,750 | €12,500 | €6,250 | - | - |
| Financial debts170/4 | - | - | €12,500 | €6,250 | - | - |
| Amounts payable within one year42/48 | €92,436 | €142,135 | €169,418 | €233,562 | €171,148 | ▼ 26.7% |
| Current portion of amounts payable after more than one year42 | - | - | €6,250 | €12,500 | €18,750 | ▲ 50.0% |
| Trade debts44 | - | €39,146 | €74,837 | €135,380 | €64,686 | ▼ 52.2% |
| Suppliers440/4 | - | - | €74,837 | €135,380 | €64,686 | ▼ 52.2% |
| Taxes, remuneration and social security45 | - | - | €5,640 | €2,469 | €2,520 | ▲ 2.1% |
| Taxes450/3 | - | - | €5,640 | €2,469 | €2,520 | ▲ 2.1% |
| Other amounts payable47/48 | - | - | €82,691 | €83,213 | €85,191 | ▲ 2.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,485 | -€3,781 | -€3,856 | -€48,292 | -€15,919 | ▲ 67.0% |
| + Depreciation and write-downs630 | €10,874 | €10,740 | €11,207 | €11,207 | €11,207 | = |
| Operating cash flow (approximation) | €9,389 | €6,960 | €7,352 | -€37,085 | -€4,712 | ▲ 87.3% |
| Investment in fixed assets (approximation) | - | -€2,342 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,823 | -€1,183 | €8,323 | -€8,483 | ▼ 202% |
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
2025
17-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Ieper · event 11-04-2025
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€48,292
Net result drops to -€48,292, the lowest in the series.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
08-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated 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.
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Directors · office · real estate
Directors
4 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, Ieper · 2 establishment units since 2013
Ground area
3.5 ha
Building footprint
6,600 m²
Volume, LiDAR
6,198 m³
3 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
GOW!
since 20132.215.331.035
GOW!
since 20132.215.331.134
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B1021/00P000 | Flanders | 1.8 ha | 1 · 918 m² | 6.0 m · 2 fl. |
| 33027A0517/00K000 | Flanders | 9,918 m² | 1 · 331 m² | 8.3 m · 2 fl. |
| 32003D0710/00X000 | Flanders | 7,776 m² | 1 · 5,351 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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 | FILIP HOUVENAGHEL DEKEN DE BOLAAN 57,
8970 POPERINGE |
11-04-2025 → present |
Structure & network
Owners and holdings
1 ownerOwners 1
-
25%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 103 companies in sector 49500 we hold annual accounts for 72. 45 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded20-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
49500Land transport and transport via pipelines
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.