HEBCO-TRANS
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 12 March 2019 · trustee Walter Deweppe · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Supervising judge
- Jan Buyckx
- Official Gazette
- 18-03-2019search the document for 2019/112877
Deadlines
- Provisional date payments stopped
- 12 March 2019A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 2 April 2019That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 11 April 2019art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 17 April 2019Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 12 March 2020A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Walter DeweppeBrusselsesteenweg 691, 9050 Gentbruggewalter.deweppe@rydant-deweppe.be
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol. The trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 15-03-2010
- Activity
- Freight transport by road NACE 49410
- Establishment unit
- 2.185.994.275 9800 Deinze, since 01-04-2010
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2017
- Gross margin
- €337,259
- ▼ 24.5%
- Turnover
- ≈ €720,000
- estimated
- Loss
- €187,207
- Equity
- -€120,603
- Total assets
- €491,661
- ▲ 4.7%
- Staff
- 8.2 FTE
- ▲ 24.2%
Financials
Financials · financial year 2017, abbreviated format
2017 annual accounts filed 31 days after the deadline Filed on 31 August 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-60500591.
Annual accounts 2017 filed on 31-08-2018 PDF all 8 filings
Turnover
≈ €720,000
Estimated: probably between €570,000 and €1.1m
Total assets
€491,661▲ 4.7%
2016 · €469,443
Net result
-€187,207
2016 · €20,547
Working capital
-€177,156▼ 521%
2016 · -€28,543
Trend over the years
2013 to 2017, 5 financial years 2013 to 2017, 5 financial years
The operating result for 2017 is a loss of €174,810, after a profit of €33,553 in 2016. It is the lowest result since 2013.
Operating result-€174,810
2017
Net result-€187,207
2017
Total assets€491,661
2017
Equity-€120,603
2017
Debt€612,264
2017
Working capital-€177,156
2017
Staff (FTE)8.2
2017
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€15,347-€15,005▼ 2.2%€21,469▲ 43.1%€33,553▲ 56.3%-€174,810
Net result€3,749-€3,571▼ 4.7%€1,023▼ 71.4%€20,547▲ 20×-€187,207
Equity€29,063-€32,634▲ 12.3%€33,657▲ 3.1%€54,204▲ 61.0%-€120,603
Total assets€193,912-€217,648▲ 12.2%€299,959▲ 37.8%€469,443▲ 56.5%€491,661▲ 4.7%
Debt€164,849-€185,014▲ 12.2%€266,302▲ 43.9%€415,239▲ 55.9%€612,264▲ 47.4%
Working capital-€15,702--€14,756▲ 6.0%-€10,407▲ 29.5%-€28,543▼ 174%-€177,156▼ 521%
Staff (FTE)2.9-3.7▲ 27.6%5.1▲ 37.8%6.6▲ 29.4%8.2▲ 24.2%
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €491,661
Fixed assets
€196,820 ▼ 25.0%
Current assets
€294,841 ▲ 42.3%
Equity and liabilities
Equity-€120,603
Debt€612,264
Equity is negative. Debt (€612,264) exceeds the balance-sheet total (€491,661).
Key figures and ratios
EBITDA
-€108,895▼
2016 · €78,674
Cash flow
-€121,292▼
2016 · €65,668
Solvency
-24.5%▼
2016 · 11.5%
Current ratio
0.62▼
2016 · 0.88
ROA
-38.1%▼
2016 · 4.4%
Debt ≤ 1 year
€471,997▲
2016 · €235,699
Debt > 1 year
€140,267▼
2016 · €179,540
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,618 | €30,780 | €48,570 | €45,121 | €65,915 | ▲ 46.1% |
| Gross operating margin9900 | €240,145 | €276,604 | €407,153 | €446,919 | €337,259 | ▼ 24.5% |
| Operating profit (loss)9901 | €15,347 | €15,005 | €21,469 | €33,553 | -€174,810 | - |
| Recurring financial income75 | €3 | €10 | €61 | €5 | €1 | ▼ 77.5% |
| Recurring financial charges65 | €8,644 | €8,759 | €10,655 | €10,162 | €12,398 | ▲ 22.0% |
| Profit (loss) for the period before taxes9903 | €6,691 | €6,256 | €3,022 | €23,396 | -€187,207 | - |
| Income taxes67/77 | €2,942 | €2,685 | €1,999 | €2,849 | - | - |
| Profit (loss) for the period9904 | €3,749 | €3,571 | €1,023 | €20,547 | -€187,207 | - |
| Profit (loss) for the period to be appropriated9905 | €3,749 | €3,571 | €1,023 | €20,547 | -€187,207 | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193,912 | €217,648 | €299,959 | €469,443 | €491,661 | ▲ 4.7% |
| Fixed assets21/28 | €88,120 | €60,006 | €103,187 | €262,287 | €196,820 | ▼ 25.0% |
| Tangible fixed assets22/27 | €87,848 | €59,735 | €100,861 | €259,412 | €193,810 | ▼ 25.3% |
| Financial fixed assets28 | €272 | €271 | €2,326 | €2,875 | €3,010 | ▲ 4.7% |
| Current assets29/58 | €105,792 | €157,642 | €196,772 | €207,156 | €294,841 | ▲ 42.3% |
| Amounts receivable within one year40/41 | €96,269 | €94,231 | €132,530 | €104,189 | €218,119 | ▲ 109% |
| Cash at bank and in hand54/58 | - | €58,343 | €57,268 | €93,121 | €54,393 | ▼ 41.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193,912 | €217,648 | €299,959 | €469,443 | €491,661 | ▲ 4.7% |
| Equity10/15 | €29,063 | €32,634 | €33,657 | €54,204 | -€120,603 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €22,860 | €25,860 | €26,860 | €47,860 | €1,860 | ▼ 96.1% |
| Profit (loss) carried forward14 | €3 | €574 | €597 | €144 | -€141,063 | - |
| Amounts payable17/49 | €164,849 | €185,014 | €266,302 | €415,239 | €612,264 | ▲ 47.4% |
| Amounts payable after more than one year17 | €43,355 | €12,616 | €59,123 | €179,540 | €140,267 | ▼ 21.9% |
| Amounts payable within one year42/48 | €121,494 | €172,398 | €207,179 | €235,699 | €471,997 | ▲ 100% |
| Trade debts44 | €5,188 | €34,665 | €71,477 | €77,642 | €156,540 | ▲ 102% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,749 | €3,571 | €1,023 | €20,547 | -€187,207 | - |
| + Depreciation and write-downs630 | €31,618 | €30,780 | €48,570 | €45,121 | €65,915 | ▲ 46.1% |
| Operating cash flow (approximation) | €35,367 | €34,351 | €49,593 | €65,668 | -€121,292 | - |
| Investment in fixed assets (approximation) | - | -€2,666 | -€91,751 | -€204,221 | -€448 | ▲ 99.8% |
| Change in cash | - | - | -€1,075 | €35,853 | -€38,728 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-60500591 | |
| 31-12-2016 | abbreviated format | 20-07-2017 | 2017-34200273 | |
| 31-12-2015 | abbreviated format | 21-06-2016 | 2016-20700074 | |
| 31-12-2014 | abbreviated format | 22-06-2015 | 2015-20100076 | |
| 31-12-2013 | abbreviated format | 19-06-2014 | 2014-19600336 | |
| 31-12-2012 | abbreviated format | 19-07-2013 | 2013-33200310 | |
| 31-12-2011 | abbreviated format | 20-07-2012 | 2012-32600321 | |
| 31-12-2010 | abbreviated format | 22-06-2011 | 2011-20400381 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Walter Deweppe Brusselsesteenweg 691, 9050 Gentbrugge |
12-03-2019 → present |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2019
18-03
Bankruptcy
Bankruptcy declared
Enterprise Court of Ghent, Ghent division · judgment of 12-03-2019
2018
31-08
abbreviated format · 31 days late
2017
31-12
Financial
Weakest financial yearnet -€187,207
The net result drops to -€187,207, the lowest from 2013 to 2017.
20-07
abbreviated format · 11 days before the deadline
2016
31-12
Financial
Highest result from 2013 to 2017net €20,547 ▲1,909%
The operating result of €33,553 and the net result of €20,547 are both a record.
21-06
abbreviated format · 40 days before the deadline
2015
22-06
abbreviated format · 39 days before the deadline
2014
19-06
abbreviated format · 42 days before the deadline
2013
19-07
abbreviated format · 12 days before the deadline
2012
20-07
abbreviated format · 11 days before the deadline
2011
22-06
abbreviated format · 39 days before the deadline
2010
25-03
3 publications in the Belgian Official Gazette, the last on 12-05-2017
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2017
- Legal form
- Private limited company (pre-2019)
- Active since
- 15 March 2010
Register details
Identity
Name
HEBCO-TRANS in Dutch
Enterprise number
0823.945.516
Entity type
Legal entity
Registered office and establishments
Registered office
De Tonne 37, 9800 Deinze, Belgium
Establishment unit
HEBCO-TRANS BVBA, De Tonne 37, 9800 Deinze since 01-04-2010 · unit number 2.185.994.27549310 Scheduled passenger transport by road
Activities
NACEBEL 202549410
Freight transport by road main activity
Codes under NACEBEL 2008
49410
Road freight transport main activity
Invoicing and payment
VAT number
BE 0823.945.516
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Food safety, FASFC
1 siteDeinzeunit number 2.185.994.275
Sites & property
Location
Buildings and parcels at the address
Ground area
698 m²
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44054B0345/00P000 | Flanders | 698 m² | - | - |