HYFOPACK
Open bankruptcyA bankruptcy procedure is open for HYFOPACK according to publications in the Belgian State Gazette; curator: JONAS VAN WEYENBERG.
Summary
The 2023 annual accounts show equity of €20,499 and a net result of -€364,907.
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, Dendermonde division
- Declared bankrupt
- 16 October 2024
- Supervising judge
- Harry Cornelis
- Official Gazette
- 22-10-2024 (pdf) ↗search the document for 2024/140218
Deadlines
- Provisional date payments stopped
- 11 October 2024Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 6 November 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 15 November 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 22 November 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 16 October 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Jonas Van WeyenbergF.Khnopffstraat 104A, 9200 Dendermondejonas@gkjadvocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- 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.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 08-10-2024, 69 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
69 d late
2022
45 d late
2021
65 d late
2020
26 d late
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Agents in the wholesale of food, beverages and tobacco sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€20,499▼ 94.7%
2022 · €385,407
Total assets
€394,860▼ 49.7%
2022 · €785,291
Net result
-€364,907
2022 · €79
Working capital
-€121,768▼ 91.2%
2022 · -€63,685
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20192020202120222023
Operating result€23▼ 9.5%€4,772▲ 20,531%€382,896▲ 7,924%€2,852▼ 99.3%€36,897▲ 1,194%
Net result€1▼ 7.1%€1,628within the sector's middle half▲ 112,949%€371,090above the sector's middle half▲ 22,696%€79below the sector's middle half▼ 100.0%-€364,907below the sector's middle half
Equity€12,610=€14,238within the sector's middle half▲ 12.9%€385,327above the sector's middle half▲ 2,606%€385,407within the sector's middle half=€20,499below the sector's middle half▼ 94.7%
Total assets€12,612▼ 22.5%€767,898above the sector's middle half▲ 5,988%€788,726above the sector's middle half▲ 2.7%€785,291within the sector's middle half▼ 0.4%€394,860below the sector's middle half▼ 49.7%
Debt€3▼ 99.9%€753,660▲ 28,439,915%€403,398▼ 46.5%€399,884▼ 0.9%€374,361▼ 6.4%
Working capital€12,610=-€389,055-€37,817▲ 90.3%-€63,685▼ 68.4%-€121,768▼ 91.2%
Solvency100.0%▲ 22.5pp1.9%below the sector's middle half▼ 98.1pp48.9%within the sector's middle half▲ 47.0pp49.1%within the sector's middle half▲ 0.2pp5.2%below the sector's middle half▼ 43.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -100% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 1,194% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €394,860
Fixed assets
€350,067 ▼ 53.2%
Current assets
€44,793 ▲ 22.6%
Equity and liabilities €394,860
Equity
€20,499 ▼ 94.7%
Debt
€374,361 ▼ 6.4%
Debt's share of the balance-sheet total rises from 50.9% to 94.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.27▼
2022 · 0.36
Debt to equity
18.26▲
2022 · 1.04
ROA
-92.4%▼
2022 · 0.0%
Debt ≤ 1 year
€166,561▲
2022 · €100,232
Debt > 1 year
€207,800▼
2022 · €297,800
Income taxes
€17▼
2022 · €19
A ratio outside any meaningful range has been withheld (balance sheet total €394,860, equity €20,499).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,046 | €1,106 | €1,122 | - | - |
| Other operating charges640/8 | - | - | €535 | €990 | €681 | ▼ 31.2% |
| Non-recurring operating charges66A | - | - | €620 | - | - | - |
| Gross operating margin9900 | €503 | €6,346 | €385,157 | €4,964 | €37,577 | ▲ 657% |
| Operating profit (loss)9901 | €23 | €4,772 | €382,896 | €2,852 | €36,897 | ▲ 1,194% |
| Financial charges65/66B | - | - | €11,807 | €2,754 | €401,787 | ▲ 14,492% |
| Recurring financial charges65 | €28 | €3,144 | €11,807 | €2,754 | €3,354 | ▲ 21.8% |
| Non-recurring financial charges66B | - | - | - | - | €398,433 | - |
| Profit (loss) for the period before taxes9903 | -€5 | €1,628 | €371,090 | €98 | -€364,890 | ▼ 371,037% |
| Income taxes67/77 | -€6 | - | - | €19 | €17 | ▼ 11.8% |
| Profit (loss) for the period9904 | €1 | €1,628 | €371,090 | €79 | -€364,907 | ▼ 460,841% |
| Profit (loss) for the period to be appropriated9905 | €1 | €1,628 | €371,090 | €79 | -€364,907 | ▼ 460,841% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,612 | €767,898 | €788,726 | €785,291 | €394,860 | ▼ 49.7% |
| Fixed assets21/28 | - | €752,093 | €751,366 | €748,744 | €350,067 | ▼ 53.2% |
| Tangible fixed assets22/27 | - | €2,093 | €1,366 | €244 | - | - |
| Plant, machinery and equipment23 | - | - | €1,366 | €244 | - | - |
| Financial fixed assets28 | - | €750,000 | €750,000 | €748,500 | €350,067 | ▼ 53.2% |
| Current assets29/58 | €12,612 | €15,805 | €37,360 | €36,547 | €44,793 | ▲ 22.6% |
| Amounts receivable within one year40/41 | €9,753 | €9,983 | €17,545 | €26,318 | €28,859 | ▲ 9.7% |
| Trade receivables40 | - | - | €17,545 | €26,318 | €28,859 | ▲ 9.7% |
| Cash at bank and in hand54/58 | €2,859 | €5,823 | €19,815 | €10,230 | €15,935 | ▲ 55.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,612 | €767,898 | €788,726 | €785,291 | €394,860 | ▼ 49.7% |
| Equity10/15 | €12,610 | €14,238 | €385,327 | €385,407 | €20,499 | ▼ 94.7% |
| Contributions10/11 | €18,592 | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €187 | €187 | €366,735 | €366,815 | €366,815 | = |
| Non-distributable reserves130/1 | - | - | €187 | €187 | €187 | = |
| Reserves not available under the articles1311 | - | - | €187 | €187 | €187 | = |
| Distributable reserves133 | - | - | €366,548 | €366,627 | €366,627 | = |
| Profit (loss) carried forward14 | -€6,170 | -€4,542 | - | - | -€364,907 | - |
| Amounts payable17/49 | €3 | €753,660 | €403,398 | €399,884 | €374,361 | ▼ 6.4% |
| Amounts payable after more than one year17 | - | €348,800 | €321,800 | €297,800 | €207,800 | ▼ 30.2% |
| Financial debts170/4 | - | - | €321,800 | €297,800 | €207,800 | ▼ 30.2% |
| Amounts payable within one year42/48 | €3 | €404,860 | €75,177 | €100,232 | €166,561 | ▲ 66.2% |
| Current portion of amounts payable after more than one year42 | - | - | €27,000 | €27,000 | €27,000 | = |
| Trade debts44 | - | €8,228 | €37,303 | €68,485 | €68,659 | ▲ 0.3% |
| Suppliers440/4 | - | - | €37,303 | €68,485 | €68,659 | ▲ 0.3% |
| Taxes, remuneration and social security45 | - | - | €5,575 | €1,780 | €5,579 | ▲ 214% |
| Taxes450/3 | - | - | €5,575 | €1,780 | €5,579 | ▲ 214% |
| Other amounts payable47/48 | - | - | €5,299 | €2,968 | €65,322 | ▲ 2,101% |
| Accrued charges and deferred income492/3 | - | - | €6,422 | €1,852 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1 | €1,628 | €371,090 | €79 | -€364,907 | ▼ 460,841% |
| + Depreciation and write-downs630 | - | €1,046 | €1,106 | €1,122 | - | - |
| Operating cash flow (approximation) | €1 | €2,674 | €372,196 | €1,201 | -€364,907 | ▼ 30,473% |
| Investment in fixed assets (approximation) | - | - | -€379 | €1,500 | €398,677 | ▲ 26,478% |
| Change in cash | - | €2,963 | €13,992 | -€9,585 | €5,705 | ▲ 160% |
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
2024
22-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 16-10-2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
31-12
Financial
Weakest financial yearnet -€364,907
Net result drops to -€364,907, the lowest in the series.
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 45 days late
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
2021
31-12
Financial
Highest result since 2018net €371,090 ▲22,696%
Operating result €382,896, net result €371,090, both a record.
31-12
Financial
Equity above €200,000Eq €385,327 ▲2,606%
4 profitable years in a row build equity to €385,327.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
31-12
Financial
Liquidity times 1073current ratio 4759.35
Current ratio from 4.43 to 4759.35; short-term debt falls from €3,671 to €3.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
Show earlier events
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
2015
03-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
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.
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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, Berlare · 1 establishment unit since 1999
Ground area
1,384 m²
Building footprint
258 m²
Volume, LiDAR
1,621 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HYFOPACK
since 19992.091.223.196
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42003D0318/00C000 | Flanders | 698 m² | 1 · 116 m² | 10.2 m · 2 fl. |
| 41342B1232/00L003 | Flanders | 686 m² | 1 · 142 m² | 11.4 m · 2 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 | JONAS VAN WEYENBERG F.KHNOPFFSTRAAT
104A, 9200 DENDERMONDE |
16-10-2024 → present |
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
99.8%
According to the 2023 annual accounts of HYFOPACK and those 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.
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Of 1,638 companies in sector 46170 we hold annual accounts for 669. 413 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 (pre-2019)
Founded07-05-1999
Fiscal year end31-12
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.