GROEP SCHUDDINCK
Open bankruptcyA bankruptcy procedure is open for GROEP SCHUDDINCK according to publications in the Belgian State Gazette; curator: JOHAN BOGAERT.
Summary
The 2024 annual accounts show equity of €51k and a net result of €-3k.
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 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
237 d late
2022
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€51k▼ 5.0%
2023 · €54k
2022: €49klowest in 3 years
2023: €54k▲ +9.9% vs 2022highest in 3 years
2024: €51k▼ -5.0% vs 2023
2022 → 2024
Total assets
€93k▼ 24.0%
2023 · €122k
2022: €135khighest in 3 years
2023: €122k▼ -9.2% vs 2022
2024: €93k▼ -24.0% vs 2023lowest in 3 years
2022 → 2024
Net result
€-3k
2023 · €5k
2022: €47khighest in 3 years
2023: €5k▼ -89.7% vs 2022
2024: €-3k▼ -156% vs 2023lowest in 3 years
2022 → 2024
Working capital
€10k▼ 7.4%
2023 · €11k
2022: €-14klowest in 3 years
2023: €11k▲ +180% vs 2022highest in 3 years
2024: €10k▼ -7.4% vs 2023
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€49k-€54k▲ 9.9%€51k▼ 5.0%
2022: €49klowest in 3 years
2023: €54k▲ +9.9% vs 2022highest in 3 years
2024: €51k▼ -5.0% vs 2023
Operating result€59k-€8k▼ 87.1%€-4k
2022: €59khighest in 3 years
2023: €8k▼ -87.1% vs 2022
2024: €-4k▼ -157% vs 2023lowest in 3 years
Net result€47k-€5k▼ 89.7%€-3k
2022: €47khighest in 3 years
2023: €5k▼ -89.7% vs 2022
2024: €-3k▼ -156% vs 2023lowest in 3 years
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 2024: a loss of €4k after €8k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €93k
Fixed assets
€47k ▼ 43.9%
Current assets
€46k ▲ 19.9%
Equity and liabilities €93k
Equity
€51k ▼ 5.0%
Debt
€42k ▼ 39.0%
Debt's share of the balance-sheet total falls from 55.9% to 44.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3k▼
2023 · €27k
Cash flow
€4k▼
2023 · €24k
Current ratio
1.29▼
2023 · 1.42
Debt to equity
0.81▼
2023 · 1.27
ROE
-5.3%▼
2023 · 9.0%
ROA
-2.9%▼
2023 · 4.0%
Interest coverage
20.32▼
2023 · 43.42
Debt ≤ 1 year
€35k▲
2023 · €27k
Debt > 1 year
€6k▼
2023 · €41k
Staff costs
€136▼
2023 · €281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€122k€93k▼
Fixed assets21/28€84k€47k▼
Tangible fixed assets22/27€84k€47k▼
Land and buildings22€53k€47k▼
Furniture and vehicles24€31k€769▼
Current assets29/58€38k€46k▲
Amounts receivable within one year40/41€28k€44k▲
Trade receivables40-€11k
Other amounts receivable41€28k€33k▲
Cash at bank and in hand54/58€10k€1k▼
Equity and liabilities
Total equity and liabilities10/49€122k€93k▼
Equity10/15€54k€51k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€52k€49k▼
Amounts payable17/49€68k€42k▼
Amounts payable after more than one year17€41k€6k▼
Financial debts170/4€41k€6k▼
Amounts payable within one year42/48€27k€35k▲
Current portion of amounts payable after more than one year42€482€482=
Trade debts44€13k€21k▲
Suppliers440/4€13k€21k▲
Taxes, remuneration and social security45€12k€12k▲
Taxes450/3€11k€12k▲
Remuneration and social security454/9€637€637=
Other amounts payable47/48€2k€2k=
Income statement
Code20232024
Remuneration, social security and pensions62€281€136▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€7k▼
Other operating charges640/8€66k€875▼
Gross operating margin9900€93k€4k▼
Operating profit (loss)9901€8k€-4k▼
Financial income75/76B€5€2k▲
Recurring financial income75€5€2k▲
Financial charges65/66B€622€132▼
Recurring financial charges65€622€132▼
Profit (loss) for the period before taxes9903€7k€-3k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€5k€-3k▼
Profit (loss) for the period to be appropriated9905€5k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€49k▼
Profit (loss) brought forward from the previous period14P€47k€52k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €281 | €136 | ▼ 51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €19k | €7k | ▼ 63.6% |
| Other operating charges640/8 | €569 | €66k | €875 | ▼ 98.7% |
| Gross operating margin9900 | €88k | €93k | €4k | ▼ 96.0% |
| Operating profit (loss)9901 | €59k | €8k | €-4k | ▼ 157% |
| Financial income75/76B | €1k | €5 | €2k | ▲ 36,849% |
| Recurring financial income75 | €1k | €5 | €2k | ▲ 36,849% |
| Financial charges65/66B | €4k | €622 | €132 | ▼ 78.8% |
| Recurring financial charges65 | €4k | €622 | €132 | ▼ 78.8% |
| Profit (loss) for the period before taxes9903 | €56k | €7k | €-3k | ▼ 139% |
| Income taxes67/77 | €9k | €2k | - | - |
| Profit (loss) for the period9904 | €47k | €5k | €-3k | ▼ 156% |
| Profit (loss) for the period to be appropriated9905 | €47k | €5k | €-3k | ▼ 156% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €135k | €122k | €93k | ▼ 24.0% |
| Fixed assets21/28 | €98k | €84k | €47k | ▼ 43.9% |
| Tangible fixed assets22/27 | €98k | €84k | €47k | ▼ 43.9% |
| Land and buildings22 | €55k | €53k | €47k | ▼ 12.5% |
| Furniture and vehicles24 | €43k | €31k | €769 | ▼ 97.5% |
| Current assets29/58 | €37k | €38k | €46k | ▲ 19.9% |
| Amounts receivable within one year40/41 | €34k | €28k | €44k | ▲ 57.4% |
| Trade receivables40 | €5k | - | €11k | - |
| Other amounts receivable41 | €30k | €28k | €33k | ▲ 19.0% |
| Cash at bank and in hand54/58 | €3k | €10k | €1k | ▼ 86.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €135k | €122k | €93k | ▼ 24.0% |
| Equity10/15 | €49k | €54k | €51k | ▼ 5.0% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €47k | - | - | - |
| Distributable reserves133 | €47k | - | - | - |
| Profit (loss) carried forward14 | - | €52k | €49k | ▼ 5.2% |
| Amounts payable17/49 | €86k | €68k | €42k | ▼ 39.0% |
| Amounts payable after more than one year17 | €35k | €41k | €6k | ▼ 84.5% |
| Financial debts170/4 | €35k | €41k | €6k | ▼ 84.5% |
| Amounts payable within one year42/48 | €51k | €27k | €35k | ▲ 31.4% |
| Current portion of amounts payable after more than one year42 | €14k | €482 | €482 | = |
| Trade debts44 | €26k | €13k | €21k | ▲ 61.9% |
| Suppliers440/4 | €22k | €13k | €21k | ▲ 61.9% |
| Bills of exchange payable441 | €4k | - | - | - |
| Taxes, remuneration and social security45 | €9k | €12k | €12k | ▲ 4.2% |
| Taxes450/3 | €9k | €11k | €12k | ▲ 4.4% |
| Remuneration and social security454/9 | - | €637 | €637 | = |
| Other amounts payable47/48 | €2k | €2k | €2k | = |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €47k | €5k | €-3k | ▼ 156% |
| + Depreciation and write-downs630 | €28k | €19k | €7k | ▼ 63.6% |
| Operating cash flow (approximation) | €75k | €24k | €4k | ▼ 82.1% |
| Investment in fixed assets (approximation) | - | €-6k | €30k | ▲ 603% |
| Change in cash | - | €7k | €-9k | ▼ 220% |
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
20-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 14-10-2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 237 days late
2024
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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Directors · office · real estate
Directors
3 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, Wichelen · 1 establishment unit since 2021
Ground area
3,011 m²
Building footprint
196 m²
Volume, LiDAR
917 m³
Parcel 42018B0746/00T000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GROEP SCHUDDINCK
since 20212.316.432.155
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42018B0746/00T000 | Flanders | 3,011 m² | 1 · 195 m² | 7.9 m · 1 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 | JOHAN BOGAERT SCHOOLSTRAAT 15, 9200 DENDER-
MONDE |
14-10-2025 → present |
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Of 5,985 companies in sector 86940 we hold annual accounts for 1,807. 1,585 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
Founded23-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
86940Nursing and midwifery
47400Retail sale of information and communication equipment
Contact
E-mail
groepschuddinck@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.