?JEP!
Open bankruptcyA bankruptcy procedure is open for ?JEP! according to publications in the Belgian State Gazette; curator: ALEXIA DE CLERCQ.
Summary
The file additionally contains 2 judicial reorganisation notices. The 2024 annual accounts show negative equity (€-305k) and a net result of €-136k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-305k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
89 d early
2022
57 d late
2021
60 d late
2020
58 d late
2019
95 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-305k▼ 80.0%
2023 · €-169k
Total assets
€800k▼ 11.3%
2023 · €902k
Net result
€-136k▼ 72.4%
2023 · €-79k
Working capital
€400k▲ 53.2%
2023 · €261k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-59k€-82k▼ 38.9%€-63k▲ 23.6%€-46k▲ 26.9%€-110k▼ 139%
Net result€-78k€-99k▼ 26.2%€-89k▲ 10.0%€-79k▲ 11.6%€-136k▼ 72.4%
Equity€97k▼ 44.7%€-2k€-91k▼ 5,019%€-169k▼ 86.7%€-305k▼ 80.0%
Total assets€942k▼ 12.1%€828k▼ 12.1%€989k▲ 19.4%€902k▼ 8.8%€800k▼ 11.3%
Debt€845k▼ 5.7%€830k▼ 1.8%€1.08M▲ 30.1%€1.07M▼ 0.7%€1.11M▲ 3.2%
Working capital€285k▼ 18.7%€186k▼ 34.8%€355k▲ 91.4%€261k▼ 26.6%€400k▲ 53.2%
Staff (FTE)7.1▼ 13.4%7.1=6.3▼ 11.3%4.8▼ 23.8%4.4▼ 8.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €110k in 2024 against €46k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €800k
Fixed assets
€20k ▼ 35.3%
Current assets
€780k ▼ 10.4%
Key figures and ratios
EBITDA
€-97k▼
2023 · €-23k
Cash flow
€-123k▼
2023 · €-56k
Solvency
-38.1%▼
2023 · -18.8%
Current ratio
2.05▲
2023 · 1.43
Quick ratio
0.26▲
2023 · 0.07
Debt to equity
-3.62▲
2023 · -6.33
ROA
-16.9%▼
2023 · -8.7%
Interest coverage
-3.73▼
2023 · -0.66
Debt ≤ 1 year
€380k▼
2023 · €610k
Debt > 1 year
€716k▲
2023 · €445k
Staff costs
€203k▼
2023 · €246k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | €878 | €0 | €84k | - |
| Remuneration, social security and pensions62 | - | €183k | €278k | €246k | €203k | ▼ 17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €32k | €31k | €23k | €13k | ▼ 45.3% |
| Other operating charges640/8 | - | €15k | €17k | €11k | €6k | ▼ 41.5% |
| Non-recurring operating charges66A | - | €1k | €168 | €0 | - | - |
| Gross operating margin9900 | €192k | €150k | €265k | €235k | €113k | ▼ 52.0% |
| Operating profit (loss)9901 | €-59k | €-82k | €-63k | €-46k | €-110k | ▼ 139% |
| Financial income75/76B | - | €1k | €692 | €2k | €7 | ▼ 99.7% |
| Recurring financial income75 | €5k | €1k | €692 | €2k | €7 | ▼ 99.7% |
| Financial charges65/66B | - | €18k | €27k | €35k | €26k | ▼ 25.6% |
| Recurring financial charges65 | €24k | €18k | €27k | €35k | €26k | ▼ 25.6% |
| Profit (loss) for the period before taxes9903 | €-78k | €-99k | €-89k | €-79k | €-136k | ▼ 72.4% |
| Profit (loss) for the period9904 | €-78k | €-99k | €-89k | €-79k | €-136k | ▼ 72.4% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €83k | - |
| Profit (loss) for the period to be appropriated9905 | €-78k | €-99k | €-89k | €-79k | €-219k | ▼ 178% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €942k | €828k | €989k | €902k | €800k | ▼ 11.3% |
| Fixed assets21/28 | €77k | €68k | €54k | €32k | €20k | ▼ 35.3% |
| Intangible fixed assets21 | €30k | €40k | €34k | €23k | €14k | ▼ 37.9% |
| Tangible fixed assets22/27 | €47k | €28k | €21k | €9k | €6k | ▼ 28.7% |
| Land and buildings22 | - | €249 | €512 | €305 | €223 | ▼ 27.0% |
| Plant, machinery and equipment23 | - | €20k | €15k | €8k | €5k | ▼ 38.7% |
| Furniture and vehicles24 | - | €8k | €5k | €490 | €1k | ▲ 132% |
| Current assets29/58 | €865k | €760k | €935k | €871k | €780k | ▼ 10.4% |
| Stocks and contracts in progress3 | €755k | €673k | €710k | €826k | €679k | ▼ 17.7% |
| Stocks30/36 | - | €673k | €710k | €826k | €679k | ▼ 17.7% |
| Amounts receivable within one year40/41 | €84k | €83k | €183k | €41k | €93k | ▲ 129% |
| Trade receivables40 | - | €82k | €166k | €39k | €93k | ▲ 136% |
| Other amounts receivable41 | - | €2k | €17k | €1k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €317 | €930 | €36k | €56 | €4k | ▲ 7,390% |
| Deferred charges and accrued income490/1 | - | €3k | €6k | €4k | €4k | ▼ 19.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €942k | €828k | €989k | €902k | €800k | ▼ 11.3% |
| Equity10/15 | €97k | €-2k | €-91k | €-169k | €-305k | ▼ 80.0% |
| Contributions10/11 | €63k | €63k | €63k | €63k | €63k | = |
| Capital10 | - | €63k | €63k | €63k | €63k | = |
| Issued capital100 | - | €63k | €63k | €63k | €63k | = |
| Reserves13 | €34k | €34k | €34k | €34k | €117k | ▲ 244% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | - | - | - | €83k | - |
| Distributable reserves133 | - | €28k | €28k | €28k | €28k | = |
| Profit (loss) carried forward14 | - | €-99k | €-188k | €-267k | €-485k | ▼ 82.1% |
| Amounts payable17/49 | €845k | €830k | €1.08M | €1.07M | €1.11M | ▲ 3.2% |
| Amounts payable after more than one year17 | €256k | €255k | €500k | €445k | €716k | ▲ 60.9% |
| Financial debts170/4 | - | €255k | €500k | €445k | €612k | ▲ 37.5% |
| Trade debts175 | - | - | - | - | €104k | - |
| Amounts payable within one year42/48 | €580k | €575k | €580k | €610k | €380k | ▼ 37.6% |
| Financial debts43 | - | €250k | €250k | €258k | €0 | ▼ 100% |
| Credit institutions430/8 | - | €250k | €250k | €258k | €0 | ▼ 100% |
| Trade debts44 | €222k | €103k | €152k | €251k | €159k | ▼ 36.8% |
| Suppliers440/4 | - | €103k | €152k | €251k | €159k | ▼ 36.8% |
| Advances received on contracts in progress46 | - | - | - | - | €104k | - |
| Taxes, remuneration and social security45 | - | €222k | €178k | €101k | €117k | ▲ 15.8% |
| Taxes450/3 | - | €142k | €140k | €55k | €79k | ▲ 43.8% |
| Remuneration and social security454/9 | - | €80k | €37k | €47k | €39k | ▼ 16.8% |
| Accrued charges and deferred income492/3 | - | €31 | €89 | €17k | €9k | ▼ 45.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-78k | €-99k | €-89k | €-79k | €-136k | ▼ 72.4% |
| + Depreciation and write-downs630 | €40k | €32k | €31k | €23k | €13k | ▼ 45.3% |
| Operating cash flow (approximation) | €-39k | €-67k | €-58k | €-56k | €-123k | ▼ 121% |
| Investment in fixed assets (approximation) | - | €-23k | €-18k | €-310 | €-1k | ▼ 329% |
| Change in cash | - | €614 | €35k | €-36k | €4k | ▲ 112% |
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
2025
29-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 25-08-2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-136k
Net result drops to €-136k, the lowest in the series.
20-09
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · event 17-09-2024
27-05
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collective agreement · event 22-05-2024
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 57 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 58 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 95 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
Show earlier events
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 92 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Gent · 1 establishment unit since 2004
Ground area
1.1 ha
Building footprint
1,427 m²
Volume, LiDAR
11,098 m³
Parcel 44017D0805/00M002, Flanders · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
?JEP!
since 20042.135.789.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0805/00M002 | Flanders | 1.1 ha | 1 · 1,427 m² | 8.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 | ALEXIA DE CLERCQ EDGARD GEVAERTDREEF 10,
9830 SINT-MARTENS-LATEM |
25-08-2025 → present |
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Of 6,498 companies in sector 47716 we hold annual accounts for 2,438. 1,915 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-02-2004
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47640Retail sale of games and toys
Scores and ratios are computed by Checked and are not a credit decision.