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HYG Group

Open bankruptcy
Private limited company (pre-2019)founded 2016KBO/BCE: BE 0646.820.249

A bankruptcy procedure is open for HYG Group according to publications in the Belgian Official Gazette; trustee: Herman Hellenbosch.

Summary

The 2018 annual accounts show negative equity (-€75,710) and a net result of -€76,814.

HYG GroupOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

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.

The procedure

Court
Enterprise Court of Antwerp, Antwerp division
Declared bankrupt
3 June 2021
Supervising judge
Guy Cortebeeck
Official Gazette
09-06-2021 (pdf) ↗search the document for 2021/121640

Deadlines

Provisional date payments stopped
3 June 2021A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 24 June 2021Fifteen 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 3 July 2021art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 30 July 2021Reclaim 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 3 June 2022A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

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

Activity
Activity not known1 site
Size
€175,539total assets 2018
Staff
1.1 FTE
Equity
-€75,710
Loss
-€76,814
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
0 of 5 deeds read
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 30-07-2019, 1 day ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2019
not filed
2018
1 day early
2017
on the day
2016
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 11 days before the deadline; the Belgian median for financial year 2019 is on the deadline day, and 49% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningEnterprise Court of Antwerp, Antwerp…
  2. Annual accounts filedfinancial year 2018 · micro…
  3. Annual accounts filedfinancial year 2017 · abbreviated…

Financials · financial year 2018, micro format

Equity
-€75,710
Total assets
€175,539
Net result
-€76,814
Working capital
-€91,585

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €175,539
Fixed assets €15,875
Current assets €159,664
Equity and liabilities
Equity-€75,710
Debt€251,249
Equity is negative: debt (€251,249) exceeds the balance-sheet total (€175,539).
Key figures and ratios
2018 value
EBITDA
-€68,116
Cash flow
-€70,274
Solvency
-43.1%
Current ratio
0.64
ROA
-43.8%
Debt
€251,249
Debt ≤ 1 year
€251,249
Income taxes
€1,631
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 24 lines
Balance sheet Code2018
Assets
Total assets20/58€175,539
Fixed assets21/28€15,875
Tangible fixed assets22/27€13,080
Financial fixed assets28€2,795
Current assets29/58€159,664
Amounts receivable within one year40/41€86,253
Cash at bank and in hand54/58€73,411
Equity and liabilities
Total equity and liabilities10/49€175,539
Equity10/15-€75,710
Contributions10/11€10,000
Reserves13€64
Profit (loss) carried forward14-€85,774
Amounts payable17/49€251,249
Amounts payable within one year42/48€251,249
Trade debts44€243,918
Income statement Code2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,540
Gross operating margin9900-€5,744
Operating profit (loss)9901-€74,656
Recurring financial income75€35
Recurring financial charges65€563
Profit (loss) for the period before taxes9903-€75,183
Income taxes67/77€1,631
Profit (loss) for the period9904-€76,814
Profit (loss) for the period to be appropriated9905-€76,814
Line2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,540
Gross operating margin9900-€5,744
Operating profit (loss)9901-€74,656
Recurring financial income75€35
Recurring financial charges65€563
Profit (loss) for the period before taxes9903-€75,183
Income taxes67/77€1,631
Profit (loss) for the period9904-€76,814
Profit (loss) for the period to be appropriated9905-€76,814
Line2018
Assets
Total assets20/58€175,539
Fixed assets21/28€15,875
Tangible fixed assets22/27€13,080
Financial fixed assets28€2,795
Current assets29/58€159,664
Amounts receivable within one year40/41€86,253
Cash at bank and in hand54/58€73,411
Equity and liabilities
Total equity and liabilities10/49€175,539
Equity10/15-€75,710
Contributions10/11€10,000
Reserves13€64
Profit (loss) carried forward14-€85,774
Amounts payable17/49€251,249
Amounts payable within one year42/48€251,249
Trade debts44€243,918
Line2018
Profit (loss) for the period9904-€76,814
+ Depreciation and write-downs630€6,540
Operating cash flow (approximation)-€70,274

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

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2018 micro format 30-07-2019 2019-40400418
31-12-2017 abbreviated format 31-07-2018 2018-41000545
31-12-2016 abbreviated format 30-06-2017 2017-25900211

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 5 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Herman Hellenbosch
Amerikalei 160, 2000 Antwerpen 1
03-06-2021 → present

Owners and capital

Owners

1 owner

Owners 1

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

No directors read yet: 0 of 5 Gazette acts processed.

History

HYG Group was incorporated on 20 January 2016.1 The company has filed 3 sets of annual accounts, the latest for financial year 2018.2 On 3 June 2021 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2018
  3. 3Belgian Official Gazette, 09-06-2021

Acts, filings and financial milestones

2021
09-06
Bankruptcy Opening
Enterprise Court of Antwerp, Antwerp division · judgment of 03-06-2021
2019
30-07
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
31-07
NBB filing Annual accounts filed
financial year 2017 · abbreviated format
2017
30-06
NBB filing Annual accounts filed
financial year 2016 · abbreviated format
SignalNBB filing
0 of 5 deeds read
About the unread acts

We know of 5 Belgian Official 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.

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded20-01-2016
Financial year end31-12
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 15 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
registered office establishment The establishment unit on the map
Ground area
189 m²
Building footprint
169 m²
Building volume
1,466 m³
Parcel 11312A0077/00F000, Flanders · tallest building 15.4 m. Linked by address, not a title deed.
1 establishment unit
HYG GROUP
Wholesale of cars and light vans (up to 3.5 tonnes)
since 2016unit no. 2.249.460.385
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
11312A0077/00F000 Flanders 188 m² 1 · 169 m² 15.4 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.