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JEVACK

Open bankruptcy
Private limited company (pre-2019)founded 2007Koningin Astridplein 32/4, 9900 Eeklo, BelgiumKBO/BCE: BE 0886.855.756

A bankruptcy procedure is open for JEVACK according to publications in the Belgian State Gazette; curator: NICOLAS CLAERHOUT.

Summary

The 2022 annual accounts show equity of €14,171 and a net result of €17,103.

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, Ghent division
Declared bankrupt
3 January 2023
Supervising judge
Isabelle Van Vooren
Official Gazette
09-01-2023 (pdf) ↗search the document for 2023/100422

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

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. Full guide for creditors

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 20-01-2023, 11 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
11 d early
2021
59 d late
2020
65 d late
2019
315 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 107 days after the deadline; the sector median for financial year 2024 is 12 days after the deadline, and 56% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 29 January 2007, JEVACK was incorporated.1 Revenue went from EUR 153,914 in 2020 to EUR 114,088 in 2022 and headcount from 0.9 full-time equivalents in 2019 to 2.1 in 2022.2 The company was declared bankrupt on 3 January 2023.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019, 2020 and 2022
  3. 3Belgian State Gazette, 09-01-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, micro schema

Turnover
€114,088▼ 19.0%
2021 · €140,781
EBIT margin
15.3%▲ 4.9pp
2021 · 10.4%
Net result
€17,103
2021 · -€10,982
Working capital
€12,150
2021 · -€863
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
Line2019202020212022
Turnover€153,914€140,781▼ 8.5%€114,088▼ 19.0%
Operating result-€6,310-€15,911€14,610▼ 8.2%€17,459▲ 19.5%
Net result-€7,610-€14,252-€10,982€17,103
EBIT margin10.3%10.4%=15.3%▲ 4.9pp
Equity-€6,202-€8,050-€2,932€14,171
Total assets€30,887-€28,337▼ 8.3%€59,877▲ 111%€49,397▼ 17.5%
Debt€37,088-€20,287▼ 45.3%€62,809▲ 210%€35,226▼ 43.9%
Working capital-€4,260-€8,050-€863€12,150
Staff (FTE)0.9-1.4▲ 55.6%4.7▲ 236%2.1▼ 55.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2019: -€6,310-€6,310Net result 2019: -€7,610-€7,610Operating result 2020: €15,911€15,911Net result 2020: €14,252€14,252Operating result 2021: €14,610€14,610Net result 2021: -€10,982-€10,982Operating result 2022: €17,459€17,459Net result 2022: €17,103€17,1032019202020212022-€20,000-€10,000€0€10,000€20,000Operating result 2020: €15,911€15,900Net result 2020: €14,252€14,300Operating result 2021: €14,610€14,600Net result 2021: -€10,982-€11,000Operating result 2022: €17,459€17,500Net result 2022: €17,103€17,100202020212022
The operating result recovers in 2022; 2022 is 20% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €49,397
Fixed assets €2,621 ▼ 23.6%
Current assets €46,776 ▼ 17.1%
Equity and liabilities €49,397
Equity €14,171
Debt €35,226
Debt finances 71.3% of the balance-sheet total.
Key figures and ratios
2022 value · change against 2021
EBITDA
€18,270
Cash flow
€17,913
Current ratio
1.35▲
2021 · 0.98
Debt to equity
2.49▲
2021 · -1.88
ROE
120.7%
ROA
34.6%▲
2021 · -18.3%
Interest coverage
7.57
Debt ≤ 1 year
€34,626▼
2021 · €57,309
Staff costs
€28,487
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 44 lines
Balance sheet Code20212022
Assets
Total assets20/58€59,877€49,397▼
Fixed assets21/28€3,431€2,621▼
Tangible fixed assets22/27€2,431€1,621▼
Plant, machinery and equipment23-€1,621
Financial fixed assets28€1,000€1,000=
Current assets29/58€56,446€46,776▼
Amounts receivable within one year40/41€56,446€46,776▼
Trade receivables40-€10,520
Other amounts receivable41-€36,256
Equity and liabilities
Total equity and liabilities10/49€59,877€49,397▼
Equity10/15-€2,932€14,171▲
Contributions10/11-€6,200
Reserves13€6,389€6,389=
Non-distributable reserves130/1-€639
Reserves not available under the articles1311-€639
Tax-exempt reserves132-€5,750
Profit (loss) carried forward14-€15,521€1,582▲
Amounts payable17/49€62,809€35,226▼
Amounts payable after more than one year17€5,500-
Amounts payable within one year42/48€57,309€34,626▼
Current portion of amounts payable after more than one year42-€4,278
Financial debts43-€20
Credit institutions430/8-€20
Trade debts44€22,579€28,103▲
Suppliers440/4-€28,103
Taxes, remuneration and social security45-€2,225
Taxes450/3-€2,225
Accrued charges and deferred income492/3-€600
Income statement Code20212022
Turnover70€140,781€114,088▼
Goods, raw materials, services and sundry goods60/61-€68,105
Remuneration, social security and pensions62-€28,487
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€810
Other operating charges640/8-€1,370
Gross operating margin9900€76,918€48,127▼
Operating profit (loss)9901€14,610€17,459▲
Financial income75/76B-€2,057
Recurring financial income75€2,350€2,057▼
Financial charges65/66B-€2,414
Recurring financial charges65€931€2,414▲
Profit (loss) for the period before taxes9903-€10,982€17,103▲
Profit (loss) for the period9904-€10,982€17,103▲
Profit (loss) for the period to be appropriated9905-€10,982€17,103▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1,582
Profit (loss) brought forward from the previous period14P--€15,521

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022Change
Turnover70-€153,914€140,781€114,088▼ 19.0%
Goods, raw materials, services and sundry goods60/61---€68,105-
Remuneration, social security and pensions62---€28,487-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,857--€810-
Other operating charges640/8---€1,370-
Gross operating margin9900€18,000€97,798€76,918€48,127▼ 37.4%
Operating profit (loss)9901-€6,310€15,911€14,610€17,459▲ 19.5%
Financial income75/76B---€2,057-
Recurring financial income75-€912€2,350€2,057▼ 12.4%
Financial charges65/66B---€2,414-
Recurring financial charges65€300€1,331€931€2,414▲ 159%
Profit (loss) for the period before taxes9903-€7,610€15,492-€10,982€17,103▲ 256%
Income taxes67/77-€1,240---
Profit (loss) for the period9904-€7,610€14,252-€10,982€17,103▲ 256%
Profit (loss) for the period to be appropriated9905-€7,610€14,252-€10,982€17,103▲ 256%
Line2019202020212022Change
Assets
Total assets20/58€30,887€28,337€59,877€49,397▼ 17.5%
Fixed assets21/28€5,950-€3,431€2,621▼ 23.6%
Tangible fixed assets22/27€5,950-€2,431€1,621▼ 33.3%
Plant, machinery and equipment23---€1,621-
Financial fixed assets28--€1,000€1,000=
Current assets29/58€24,936€28,337€56,446€46,776▼ 17.1%
Amounts receivable within one year40/41€15,721€27,714€56,446€46,776▼ 17.1%
Trade receivables40---€10,520-
Other amounts receivable41---€36,256-
Cash at bank and in hand54/58€9,216€623---
Equity and liabilities
Total equity and liabilities10/49€30,887€28,337€59,877€49,397▼ 17.5%
Equity10/15-€6,202€8,050-€2,932€14,171▲ 583%
Contributions10/11€6,200--€6,200-
Reserves13€6,389€6,389€6,389€6,389=
Non-distributable reserves130/1---€639-
Reserves not available under the articles1311---€639-
Tax-exempt reserves132---€5,750-
Profit (loss) carried forward14-€18,791-€4,539-€15,521€1,582▲ 110%
Amounts payable17/49€37,088€20,287€62,809€35,226▼ 43.9%
Amounts payable after more than one year17€7,892-€5,500--
Amounts payable within one year42/48€29,196€20,287€57,309€34,626▼ 39.6%
Current portion of amounts payable after more than one year42---€4,278-
Financial debts43---€20-
Credit institutions430/8---€20-
Trade debts44€2,630€7,221€22,579€28,103▲ 24.5%
Suppliers440/4---€28,103-
Taxes, remuneration and social security45---€2,225-
Taxes450/3---€2,225-
Accrued charges and deferred income492/3---€600-
Line2019202020212022Change
Profit (loss) for the period9904-€7,610€14,252-€10,982€17,103▲ 256%
+ Depreciation and write-downs630€1,857--€810-
Operating cash flow (approximation)-€5,752€14,252-€10,982€17,913▲ 263%
Investment in fixed assets (approximation)---€0-
Change in cash--€8,593---

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

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Timeline · acts, filings and financial milestones

2023
20-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
09-01
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 03-01-2023
2022
30-06
Financial Back to profitnet €17,103
Net result €17,103 after one loss-making year.
31-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
30-06
Financial Weakest financial yearnet -€10,982
Net result drops to -€10,982, the lowest in the series.
06-04
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 65 days late
2020
11-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 315 days late
30-06
Financial Back to profitnet €14,252
Net result €14,252 after one loss-making year.
2019
08-02
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
26-01
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-12
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
31-12
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
31-12
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
30-12
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Eeklo · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
457 m²
Building footprint
457 m²
Volume, LiDAR
6,230 m³
2 parcels, Flanders · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
JEVACK
Raising of dairy cattle
since 20072.160.853.162
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11811L3838/00N000 Flanders 261 m² 1 · 261 m² 22.5 m · 6 fl.
43352E0834/00X005 Flanders 196 m² 1 · 196 m² 17.6 m · 5 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 NICOLAS CLAERHOUT
KONING ALBERTSTRAAT 25/1, 9900 EEKLO
03-01-2023 → present

Similar companies · same sector, comparable size

Of 4,920 companies in sector 53200 we hold annual accounts for 1,323. 993 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)
Founded29-01-2007
Fiscal year end30-06
Activities, NACEBEL 2025
53200Other postal and courier activities
43211General electrical installation work

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