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GROUP BR

Open bankruptcy
Private limited companyfounded 2014Emiel Clauslaan 95/00, 9800 Deinze, BelgiumKBO/BCE: BE 0546.542.738

A bankruptcy procedure is open for GROUP BR according to publications in the Belgian State Gazette; curator: GEERT DEFREYNE.

Summary

The 2024 annual accounts show equity of €28,388 and a net result of €15,134.

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, Ghent division
Declared bankrupt
8 April 2025
Supervising judge
Peter Van den Bossche
Official Gazette
30-04-2025 (pdf) ↗search the document for 2025/118299

Deadlines

Provisional date payments stopped
8 April 2025A later judgment can change the date.art. XX.105 CEL
File the claim in RegSol until
passed on 8 May 2025art. XX.104 and XX.155 CEL
First verification report
passed on 13 May 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
Appeal or third-party opposition until
passed on 15 May 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
Late claim until
passed on 8 April 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Geert DefreyneKortrijksesteenweg 361, 9000 Gentgdf@defreyne-degryse.be

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

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 19-03-2025, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
42 d early
2023
on the day
2022
5 d late
2021
30 d early
2020
165 d early
2019
210 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 74 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

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

On 13 February 2014, GROUP BR was incorporated.1 Total assets went from EUR 46,385 in 2018 to EUR 60,044 in 2024.2 The company was declared bankrupt on 8 April 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024
  3. 3Belgian State Gazette, 30-04-2025

Go further with this company

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

Financials · fiscal year 2024, micro schema

Equity
€28,388▲ 0.5%
2023 · €28,254
Total assets
€60,044▼ 50.1%
2023 · €120,412
Net result
€15,134▲ 6.8%
2023 · €14,167
Working capital
€28,366▲ 34.4%
2023 · €21,101
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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
Line20202021202220232024
Operating result€27,151▼ 66.4%€1,681▼ 93.8%€10,410▲ 519%€31,327▲ 201%€18,959▼ 39.5%
Net result€20,427within the sector's middle half▼ 73.0%€284within the sector's middle half▼ 98.6%-€4,690below the sector's middle half€14,167within the sector's middle half€15,134within the sector's middle half▲ 6.8%
Equity€27,493within the sector's middle half▲ 289%€27,776within the sector's middle half▲ 1.0%€23,087within the sector's middle half▼ 16.9%€28,254within the sector's middle half▲ 22.4%€28,388within the sector's middle half▲ 0.5%
Total assets€182,701within the sector's middle half▲ 22.4%€140,325within the sector's middle half▼ 23.2%€133,220within the sector's middle half▼ 5.1%€120,412within the sector's middle half▼ 9.6%€60,044within the sector's middle half▼ 50.1%
Debt€155,209▲ 9.1%€112,549▼ 27.5%€110,133▼ 2.1%€92,158▼ 16.3%€31,656▼ 65.7%
Working capital€19,281within the sector's middle half▲ 749%€11,986within the sector's middle half▼ 37.8%€12,717within the sector's middle half▲ 6.1%€21,101within the sector's middle half▲ 65.9%€28,366within the sector's middle half▲ 34.4%
Solvency15.0%within the sector's middle half▲ 10.3pp19.8%within the sector's middle half▲ 4.7pp17.3%within the sector's middle half▼ 2.5pp23.5%within the sector's middle half▲ 6.1pp47.3%within the sector's middle half▲ 23.8pp
Current ratio1.12within the sector's middle half▲ 0.111.11within the sector's middle half▼ 0.021.12within the sector's middle half▲ 0.011.23within the sector's middle half▲ 0.111.90within the sector's middle half▲ 0.67
Return on assets (ROA)11.2%within the sector's middle half▼ 39.4pp0.2%within the sector's middle half▼ 11.0pp-3.5%below the sector's middle half▼ 3.7pp11.8%within the sector's middle half▲ 15.3pp25.2%within the sector's middle half▲ 13.4pp
above within below the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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
-€10,000€0€10,000€20,000€30,000Operating result 2020: €27,151€27,151Net result 2020: €20,427€20,427Operating result 2021: €1,681€1,681Net result 2021: €284€284Operating result 2022: €10,410€10,410Net result 2022: -€4,690-€4,690Operating result 2023: €31,327€31,327Net result 2023: €14,167€14,167Operating result 2024: €18,959€18,959Net result 2024: €15,134€15,13420202021202220232024-€10,000€0€10,000€20,000€30,000Operating result 2022: €10,410€10,400Net result 2022: -€4,690-€4,690Operating result 2023: €31,327€31,300Net result 2023: €14,167€14,200Operating result 2024: €18,959€19,000Net result 2024: €15,134€15,100202220232024
The operating result falls in 2024; 2024 is 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60,044
Fixed assets €22 ▼ 99.7%
Current assets €60,021 ▼ 47.0%
Equity and liabilities €60,044
Equity €28,388 ▲ 0.5%
Debt €31,656 ▼ 65.7%
Debt's share of the balance-sheet total falls from 76.5% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€23,653▼
2023 · €33,764
Cash flow
€19,828▲
2023 · €16,604
Debt to equity
1.12▼
2023 · 3.26
ROE
53.3%▲
2023 · 50.1%
Interest coverage
6.18▲
2023 · 1.88
Debt ≤ 1 year
€31,656▼
2023 · €92,158
Staff costs
€1,739▼
2023 · €2,472
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 · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€120,412€60,044▼
Fixed assets21/28€7,153€22▼
Tangible fixed assets22/27€7,153€22▼
Furniture and vehicles24€7,153€22▼
Current assets29/58€113,259€60,021▼
Amounts receivable within one year40/41€110,538€60,017▼
Trade receivables40€110,538€28,302▼
Other amounts receivable41-€31,715
Cash at bank and in hand54/58€2,721€4▼
Equity and liabilities
Total equity and liabilities10/49€120,412€60,044▼
Equity10/15€28,254€28,388▲
Contributions10/11€18,600€20,460▲
Reserves13€9,654€7,794▼
Non-distributable reserves130/1€1,860-
Reserves not available under the articles1311€1,860-
Distributable reserves133€7,794€7,794=
Profit (loss) carried forward14-€134
Amounts payable17/49€92,158€31,656▼
Amounts payable within one year42/48€92,158€31,656▼
Trade debts44€6,450€314▼
Suppliers440/4€6,450€314▼
Taxes, remuneration and social security45€19,183€14,541▼
Taxes450/3€19,183€14,541▼
Other amounts payable47/48€66,525€16,800▼
Income statement Code20232024
Remuneration, social security and pensions62€2,472€1,739▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,437€4,694▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€6,050
Other operating charges640/8€410€400▼
Gross operating margin9900€36,647€31,842▼
Operating profit (loss)9901€31,327€18,959▼
Financial income75/76B€2,364€0▼
Recurring financial income75€2,364€0▼
Financial charges65/66B€17,999€3,825▼
Recurring financial charges65€17,999€3,825▼
Profit (loss) for the period before taxes9903€15,692€15,134▼
Income taxes67/77€1,525-
Profit (loss) for the period9904€14,167€15,134▲
Profit (loss) for the period to be appropriated9905€14,167€15,134▲
Appropriation of the result
Profit (loss) to be appropriated9906€9,761€15,134▲
Profit (loss) brought forward from the previous period14P-€4,406-
Transfer to equity691/2€761-
To other reserves6921€761-
Profit to be distributed694/7€9,000€15,000▲
Directors or managers695€9,000€15,000▲

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

Line20202021202220232024Change
Remuneration, social security and pensions62--€19,182€2,472€1,739▼ 29.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4,894€8,401€2,437€4,694▲ 92.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€6,050-
Other operating charges640/8--€122€410€400▼ 2.4%
Gross operating margin9900€27,603€27,985€38,114€36,647€31,842▼ 13.1%
Operating profit (loss)9901€27,151€1,681€10,410€31,327€18,959▼ 39.5%
Financial income75/76B--€0€2,364€0▼ 100.0%
Recurring financial income75€446€0€0€2,364€0▼ 100.0%
Financial charges65/66B--€15,100€17,999€3,825▼ 78.7%
Recurring financial charges65€2,332€618€15,100€17,999€3,825▼ 78.7%
Profit (loss) for the period before taxes9903€25,265€1,064-€4,690€15,692€15,134▼ 3.6%
Income taxes67/77€4,837€780-€1,525--
Profit (loss) for the period9904€20,427€284-€4,690€14,167€15,134▲ 6.8%
Profit (loss) for the period to be appropriated9905€20,427€284-€4,690€14,167€15,134▲ 6.8%
Line20202021202220232024Change
Assets
Total assets20/58€182,701€140,325€133,220€120,412€60,044▼ 50.1%
Fixed assets21/28€8,211€15,790€10,370€7,153€22▼ 99.7%
Tangible fixed assets22/27€5,591€15,010€9,590€7,153€22▼ 99.7%
Furniture and vehicles24--€9,590€7,153€22▼ 99.7%
Financial fixed assets28€2,620€780€780---
Current assets29/58€174,490€124,535€122,849€113,259€60,021▼ 47.0%
Amounts receivable within one year40/41€171,345€124,439€122,532€110,538€60,017▼ 45.7%
Trade receivables40--€122,532€110,538€28,302▼ 74.4%
Other amounts receivable41----€31,715-
Cash at bank and in hand54/58€2,844€96€318€2,721€4▼ 99.8%
Equity and liabilities
Total equity and liabilities10/49€182,701€140,325€133,220€120,412€60,044▼ 50.1%
Equity10/15€27,493€27,776€23,087€28,254€28,388▲ 0.5%
Contributions10/11--€18,600€18,600€20,460▲ 10.0%
Reserves13€8,893€8,893€8,893€9,654€7,794▼ 19.3%
Non-distributable reserves130/1--€1,860€1,860--
Reserves not available under the articles1311--€1,860€1,860--
Distributable reserves133--€7,033€7,794€7,794=
Profit (loss) carried forward14-€94,641€284-€4,406-€134-
Amounts payable17/49€155,209€112,549€110,133€92,158€31,656▼ 65.7%
Amounts payable within one year42/48€155,209€112,549€110,133€92,158€31,656▼ 65.7%
Trade debts44€13,415€15,758€10,195€6,450€314▼ 95.1%
Suppliers440/4--€10,195€6,450€314▼ 95.1%
Taxes, remuneration and social security45--€28,442€19,183€14,541▼ 24.2%
Taxes450/3--€25,987€19,183€14,541▼ 24.2%
Remuneration and social security454/9--€2,454---
Other amounts payable47/48--€71,497€66,525€16,800▼ 74.7%
Line20202021202220232024Change
Profit (loss) for the period9904€20,427€284-€4,690€14,167€15,134▲ 6.8%
+ Depreciation and write-downs630-€4,894€8,401€2,437€4,694▲ 92.6%
Operating cash flow (approximation)€20,427€5,178€3,711€16,604€19,828▲ 19.4%
Investment in fixed assets (approximation)--€12,473-€2,981€780€2,437▲ 212%
Change in cash--€2,748€221€2,403-€2,717▼ 213%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-04
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 08-04-2025
19-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial Back to profitnet €14,167
Net result €14,167 after one loss-making year.
05-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 5 days late
2022
31-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2020
16-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2019
03-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
30-09
Financial Back to profitnet €75,549
Net result €75,549 after one loss-making year.
30-09
Financial Liquidity triplescurrent ratio 1.02
Current ratio from 0.35 to 1.02.
29-03
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 63 days late
2016
03-11
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
28-04
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 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
10 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, Deinze · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
2,098 m²
Building footprint
344 m²
Volume, LiDAR
2,248 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Statieplein 19, 9800 Deinze
Other financial services
since 20142.227.971.620
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44004C0061/00K000 Flanders 1,714 m² 1 · 172 m² 8.0 m · 2 fl.
44054A0482/00S002 Flanders 383 m² 1 · 171 m² 11.8 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 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 GEERT DEFREYNE
KORTRIJKSESTEENWEG 361, 9000 GENT
08-04-2025 → present

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Estate and Management 100%
  2. GROUP BR

Highest known parent: Estate and Management. The sources do not say who stands above it.

Owners 1

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.

Similar companies · same sector, comparable size

Of 24,516 companies in sector 82990 we hold annual accounts for 9,420. 6,322 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
Founded13-02-2014
Fiscal year end30-09
Activities, NACEBEL 2025
82990Other business support services
46170Agents in the wholesale of food, beverages and tobacco
E-invoicing
Reachable via Peppol
Peppol ID 0208:0546542738
Registered 26-08-2024

The company is no longer active; its Peppol card can remain until its access point withdraws it.

Register as of 30 September 2026 · Peppol Directory

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