HomeClass
Open bankruptcyA bankruptcy procedure is open for HomeClass according to publications in the Belgian State Gazette; curator: Dirk DE MAESENEER.
Summary
The 2023 annual accounts show negative equity (€-331k) and a net result of €-399k.
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 30-09-2023 was due by 30-04-2024 and was filed on 15-05-2024, 15 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 filed
2024
not filed
2023
15 d late
2022
151 d late
2020
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€-331k
2022 · €68k
2020: €48k
2022: €68k
2020 → 2023
Total assets
€2.45M▲ 1.3%
2022 · €2.42M
2020: €1.03M
2022: €2.42M
2020 → 2023
Net result
€-399k
2022 · €19k
2020: €8k
2022: €19k
2020 → 2023
Working capital
€-389k
2022 · €8k
2020: €206k
2022: €8k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020222023Trend
Equity€48k-€68k▲ 40.1%€-331k
Operating result€13k-€65k▲ 399%€-359k
Net result€8k-€19k▲ 130%€-399k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €359k after €65k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.45M
Fixed assets
€341k ▼ 19.9%
Current assets
€2.11M ▲ 5.9%
Key figures and ratios
EBITDA
€-274k▼
2022 · €185k
Cash flow
€-313k▼
2022 · €139k
Solvency
-13.5%▼
2022 · 2.8%
Current ratio
0.84▼
2022 · 1.00
Quick ratio
0.44▼
2022 · 0.91
Debt to equity
-8.42▼
2022 · 34.67
ROA
-16.3%▼
2022 · 0.8%
Interest coverage
-7.09▼
2022 · 4.30
Debt
€2.78M▲
2022 · €2.35M
Debt ≤ 1 year
€2.50M▲
2022 · €1.99M
Debt > 1 year
€283k▼
2022 · €365k
Income taxes
€2k▼
2022 · €5k
Staff costs
€530k▼
2022 · €702k
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 · 2023 against 2022 · 56 lines
Balance sheet
Code20222023
Assets
Total assets20/58€2.42M€2.45M▲
Fixed assets21/28€426k€341k▼
Tangible fixed assets22/27€386k€326k▼
Plant, machinery and equipment23€5k€15k▲
Furniture and vehicles24€109k€85k▼
Leasing and similar rights25€63k€43k▼
Other tangible fixed assets26€209k€183k▼
Financial fixed assets28€40k€15k▼
Current assets29/58€2.00M€2.11M▲
Stocks and contracts in progress3€189k€1.02M▲
Stocks30/36€189k€313k▲
Contracts in progress37-€709k
Amounts receivable within one year40/41€1.81M€1.09M▼
Trade receivables40€1.76M€1.07M▼
Other amounts receivable41€46k€26k▼
Cash at bank and in hand54/58€865€70▼
Deferred charges and accrued income490/1€559-
Equity and liabilities
Total equity and liabilities10/49€2.42M€2.45M▲
Equity10/15€68k€-331k▼
Contributions10/11€40k€40k=
Reserves13€28k€28k=
Distributable reserves133€28k€28k=
Profit (loss) carried forward14-€-399k
Amounts payable17/49€2.35M€2.78M▲
Amounts payable after more than one year17€365k€283k▼
Financial debts170/4€365k€283k▼
Amounts payable within one year42/48€1.99M€2.50M▲
Current portion of amounts payable after more than one year42€176k€212k▲
Financial debts43€254k€510k▲
Credit institutions430/8€254k€510k▲
Trade debts44€1.35M€1.71M▲
Suppliers440/4€1.35M€1.71M▲
Taxes, remuneration and social security45€93k€72k▼
Taxes450/3€19k€7k▼
Remuneration and social security454/9€74k€65k▼
Other amounts payable47/48€110k-
Accrued charges and deferred income492/3€822-
Income statement
Code20222023
Remuneration, social security and pensions62€702k€530k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€86k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€40k€72k▲
Other operating charges640/8€11k€19k▲
Non-recurring operating charges66A€18k-
Gross operating margin9900€956k€347k▼
Operating profit (loss)9901€65k€-359k▼
Financial income75/76B€3k€887▼
Recurring financial income75€3k€887▼
Financial charges65/66B€43k€39k▼
Recurring financial charges65€43k€39k▼
Profit (loss) for the period before taxes9903€25k€-397k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€19k€-399k▼
Profit (loss) for the period to be appropriated9905€19k€-399k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€-399k▼
Transfer to equity691/2€19k-
To other reserves6921€19k-
Social balance
Average headcount (FTE)90877.910.1▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
21-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · HOMECLASS BV INDUSTRIE- LAAN 38, 1740 TERNAT · event 15-10-2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 15 days late
2023
30-09
Financial
Weakest financial yearnet €-399k ▼2151%
Net result drops to €-399k, the lowest in the series.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 151 days late
2022
30-09
Financial
Highest result since 2020net €19k ▲130%
Operating result €65k, net result €19k, both a record.
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Ternat · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industrielaan 381740 TernatGround area
2,686 m²
Building footprint
1,549 m²
Volume, LiDAR
9,108 m³
Parcel 23086B0354/00B003, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HomeClass
since 20202.305.980.901
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086B0354/00B003 | Flanders | 2,686 m² | 1 · 1,549 m² | 12.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 | Dirk DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
15-10-2024 → present |
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Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,182 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2020
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43310Plastering work
43320Joinery installation
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.