HIGH TECH VISION
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 22 September 2014 · trustee Me F. De Vulder · a claim can no longer be filed
The procedure
- Court
- French-language Commercial Court of Brussels
- Supervising judge
- A. Brancart
- Official Gazette
- 03-10-2014search the document for 2014/030114
Deadlines
- Appeal or third-party opposition until
- passed on 18 October 2014That 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 22 October 2014art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 29 October 2014Reclaim 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 22 September 2015A 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
- Me F. De Vulder1020 Laeken, avenue Houba De Strooper 748
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.
- This bankruptcy was opened before April 2017 and is not in RegSol. The trustee and the registry of the enterprise court keep the file.
- 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.Creditor guide for this company
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Overview
Official details
Source: KBO- Status
- Open bankruptcy declared bankrupt on 22-09-2014
- Registered office
- 31 active companies are registered at this address 5 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Advertising agencies NACE 73110and 5 others
- Establishment unit
- 2.187.851.826 6220 Fleurus, since 18-02-2009
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts to 30-06-2012
- Gross margin
- €489,623
- ▲ 65.9%
- Turnover
- ≈ €990,000
- estimated
- Loss
- €13,455
- Equity
- €297,563
- ▼ 4.3%
- Total assets
- €2.2m
- ▲ 83.5%
- Staff
- 7.6 FTE
- ▼ 15.6%
Financials
Financials · financial year 2012, full format
Annual accounts 2012 filed on 11-04-2013 PDF all 3 filings
Turnover
≈ €990,000
Estimated: probably between €660,000 and €1.3m
EBIT margin
Not included in this filing
Net result
-€13,455
2011 · €18,445
Working capital
€51,438
2011 · -€53,549
Multi-year overview
2010 to 2012, 3 financial yearsOperating result
€39,329
▲ 51.9%
2012
20102012
Net result
-€13,455
2012
20102012
Equity
€297,563
▼ 4.3%
2012
20102012
Total assets
€2.2m
▲ 83.5%
2012
20102012
Debt
€1.9m
▲ 115%
2012
20102012
Working capital
€51,438
2012
20102012
Staff (FTE)
7.6
▼ 15.6%
2012
20102012
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201020112012
Operating result-€0.006m-€0.03m€0.04m▲ 51.9%
Net result-€0.02m-€0.02m-€0.01m
Equity€0.05m-€0.3m▲ 515%€0.3m▼ 4.3%
Total assets€0.7m-€1.2m▲ 67.5%€2.2m▲ 83.5%
Debt€0.7m-€0.9m▲ 32.8%€1.9m▲ 115%
Working capital-€0.2m--€0.05m▲ 71.6%€0.05m
Staff (FTE)0.4-9▲ 23×7.6▼ 15.6%
The operating result for 2012 is 52% higher than in 2011 and the highest since 2010. It is the second rise in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €2.2m
Fixed assets
€683,299 ▲ 2.0%
Current assets
€1.5m ▲ 191%
Equity and liabilities €2.2m
Equity
€297,563 ▼ 4.3%
Debt
€1.9m ▲ 115%
Debt's share of the balance-sheet total rises from 73.6% to 86.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€228,101▲
2011 · €140,023
Cash flow
€175,317▲
2011 · €132,573
Current ratio
1.04▲
2011 · 0.90
Quick ratio
0.40▼
2011 · 0.66
Debt to equity
1.46▲
2011 · 0.98
ROE
-4.5%▼
2011 · 5.9%
ROA
-0.6%▼
2011 · 1.6%
Debt ≤ 1 year
€1.4m▲
2011 · €560,757
Debt > 1 year
€433,329▲
2011 · €303,717
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,020 | €114,128 | €188,773 | ▲ 65.4% |
| Gross operating margin9900 | €118,354 | €295,084 | €489,623 | ▲ 65.9% |
| Operating profit (loss)9901 | -€5,562 | €25,895 | €39,329 | ▲ 51.9% |
| Recurring financial income75 | €1,800 | €8,449 | €1,202 | ▼ 85.8% |
| Recurring financial charges65 | €15,665 | €15,899 | €53,986 | ▲ 240% |
| Profit (loss) for the period before taxes9903 | -€19,426 | €18,445 | -€13,455 | - |
| Profit (loss) for the period9904 | -€19,426 | €18,445 | -€13,455 | - |
| Profit (loss) for the period to be appropriated9905 | -€19,426 | €18,445 | -€13,455 | - |
| Line | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.7m | €1.2m | €2.2m | ▲ 83.5% |
| Formation expenses20 | €0.001m | €0.001m | €0.001m | ▼ 33.3% |
| Fixed assets21/28 | €0.4m | €0.7m | €0.7m | ▲ 2.0% |
| Intangible fixed assets21 | - | €0.005m | €0.02m | ▲ 229% |
| Tangible fixed assets22/27 | €0.4m | €0.7m | €0.6m | ▼ 2.2% |
| Financial fixed assets28 | - | - | €0.02m | - |
| Current assets29/58 | €0.3m | €0.5m | €1.5m | ▲ 191% |
| Stocks and contracts in progress3 | €0.05m | €0.1m | €0.9m | ▲ 574% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.6m | ▲ 80.6% |
| Cash at bank and in hand54/58 | €0.001m | €0.005m | €296 | ▼ 94.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.7m | €1.2m | €2.2m | ▲ 83.5% |
| Equity10/15 | €0.05m | €0.3m | €0.3m | ▼ 4.3% |
| Contributions10/11 | €0.07m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.001m | -€0.01m | ▼ 1,371% |
| Amounts payable17/49 | €0.7m | €0.9m | €1.9m | ▲ 115% |
| Amounts payable after more than one year17 | €0.1m | €0.3m | €0.4m | ▲ 42.7% |
| Amounts payable within one year42/48 | €0.5m | €0.6m | €1.4m | ▲ 154% |
| Trade debts44 | €0.1m | €0.1m | €0.9m | ▲ 473% |
| Line | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,426 | €18,445 | -€13,455 | - |
| + Depreciation and write-downs630 | €103,020 | €114,128 | €188,773 | ▲ 65.4% |
| Operating cash flow (approximation) | €83,593 | €132,573 | €175,317 | ▲ 32.2% |
| Investment in fixed assets (approximation) | - | -€378,913 | -€202,128 | ▲ 46.7% |
| Change in cash | - | €3,906 | -€4,883 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Me F. De Vulder 1020 Laeken, avenue Houba De Strooper 748 |
22-09-2014 → present |
Owners and capital
Owners
Timeline
Deeds, filings and financial milestones
2014
03-10
Bankruptcy
Bankruptcy declared
French-language Commercial Court of Brussels · judgment of 22-09-2014
2013
11-04
full format · 70 days late
2012
16-02
full format · 16 days late
2011
30-06
Financial
Back to profitnet €18,445
The net result is €18,445, after one loss-making year.
30-06
Financial
Equity above €200,000equity €311,018 ▲515%
Equity rises from €50,574 to €311,018.
25-02
full format · 25 days late
2009
27-02
7 publications in the Belgian Official Gazette, the last on 03-10-2014
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
Bankruptcy opened
- Last annual accounts
- financial year to 30 June 2012
- Legal form
- Public limited company
- Active since
- 18 February 2009
Register details
Identity
Name
HIGH TECH VISION in French
Enterprise number
0809.892.788
Entity type
Legal entity
Registered office and establishments
Registered office
Bergense Steenweg 814, 1070 Anderlecht, Belgium
Establishment unit
Avenue de Heppignies 26, 6220 Fleurus since 18-02-2009 · unit number 2.187.851.826
Activities
NACEBEL 202573110
Advertising agencies main activity
26700
Manufacture of computer, electronic and optical products
46643
Wholesale of electrical equipment, including installation materials
47400
Retail sale of information and communication equipment
77222
Rental and leasing activities
77391
Rental and leasing activities
Codes under NACEBEL 2008
73110
Advertising, market research and public relations activities main activity
26700
Manufacture of computer, electronic and optical products
46693
Wholesale trade
47430
Retail trade
77292
Rental and leasing activities
77391
Rental and leasing activities
Invoicing and payment
VAT number
BE 0809.892.788
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Sites & property
Location
Buildings and parcels at the addresses
Ground area
2.3 ha
Building footprint
3,192 m²
Building volume
64,541 m³
Tallest building: 47.3 m.
Wallonia
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52032B0104/00E000 | Wallonia | 2.1 ha | 1 · 1,711 m² | 8.1 m · 2 |
| 21306C0130/00E000 | Brussels | 2,640 m² | 1 · 1,480 m² | 47.3 m · 14 |