K16
Open bankruptcySummary
A bankruptcy procedure is open for K16 according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (-€441,070) and a net result of -€1.2m.
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 Antwerp, Turnhout division
- Declared bankrupt
- 27 September 2022
- Supervising judge
- Rob Willems
- Official Gazette
- 03-10-2022 (pdf) ↗search the document for 2022/134698
Curators
- Jean De ChaffoyDe Merodelei 37, 2300 Turn- Houtsecretary@eurojuris-turnhout.be
- Luc PlessersDe Mero- Delei 37, 2300 Turnhoutsecretary@eurojuris-turnhout.be
- Caro- Line De LepeleireDe Merodelei 37, 2300 Turnhoutsecretary@drpadvocaten.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.
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
Embed in an article
Writing about this bankruptcy? Put the card of K16 in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 22-07-2022, 9 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
9 d early
2020
36 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Other specialised construction activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Equity
-€441,070
2020 · €786,044
Total assets
€6.7m▲ 43.9%
2020 · €4.6m
Net result
-€1.2m
2020 · €26,131
Working capital
€751,286▼ 13.4%
2020 · €867,492
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
Line2018201920202021
Operating result€304,065-€440,223▲ 44.8%€84,878▼ 80.7%-€1.1m
Net result€232,030-€282,173▲ 21.6%€26,131▼ 90.7%-€1.2m
Equity€477,740-€759,913▲ 59.1%€786,044▲ 3.4%-€441,070
Total assets€2.6m-€3.3m▲ 25.2%€4.6m▲ 40.8%€6.7m▲ 43.9%
Debt€2.2m-€2.5m▲ 17.7%€3.9m▲ 51.9%€6.5m▲ 67.3%
Working capital€292,456-€670,093▲ 129%€867,492▲ 29.5%€751,286▼ 13.4%
Staff (FTE)15.5-21.7▲ 40.0%22.1▲ 1.8%31.3▲ 41.6%
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 2021: a loss of €1.1m after €84,878 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €6.7m
Fixed assets
€2.0m ▲ 149%
Current assets
€4.7m ▲ 21.7%
Key figures and ratios
EBITDA
-€786,628▼
2020 · €422,265
Cash flow
-€898,510▼
2020 · €363,519
Solvency
-6.6%▼
2020 · 16.9%
Current ratio
1.19▼
2020 · 1.29
Quick ratio
0.84▼
2020 · 1.03
Debt to equity
-14.65▼
2020 · 1.14
ROA
-18.3%▼
2020 · 0.6%
Interest coverage
-6.05
Debt ≤ 1 year
€3.9m▲
2020 · €3.0m
Debt > 1 year
€2.5m▲
2020 · €893,808
Income taxes
-€7,599▼
2020 · €14,419
Staff costs
€2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €148,201 | - |
| Remuneration, social security and pensions62 | - | - | - | €2.1m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €334,963 | €346,057 | €337,388 | €328,604 | ▼ 2.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €668,638 | - |
| Other operating charges640/8 | - | - | - | €54,789 | - |
| Non-recurring operating charges66A | - | - | - | €147,000 | - |
| Gross operating margin9900 | €1.5m | €2.3m | €2.1m | €2.2m | ▲ 5.0% |
| Operating profit (loss)9901 | €304,065 | €440,223 | €84,878 | -€1.1m | ▼ 1,414% |
| Financial income75/76B | - | - | - | €10,577 | - |
| Recurring financial income75 | €531 | €3,723 | €7,541 | €10,577 | ▲ 40.3% |
| Financial charges65/66B | - | - | - | €130,057 | - |
| Recurring financial charges65 | €32,315 | €44,063 | €51,869 | €130,057 | ▲ 151% |
| Profit (loss) for the period before taxes9903 | €272,281 | €399,883 | €40,550 | -€1.2m | ▼ 3,145% |
| Income taxes67/77 | €40,251 | €117,710 | €14,419 | -€7,599 | ▼ 153% |
| Profit (loss) for the period9904 | €232,030 | €282,173 | €26,131 | -€1.2m | ▼ 4,796% |
| Profit (loss) for the period to be appropriated9905 | €232,030 | €282,173 | €26,131 | -€1.2m | ▼ 4,796% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.6m | €3.3m | €4.6m | €6.7m | ▲ 43.9% |
| Fixed assets21/28 | €1.1m | €966,947 | €812,360 | €2.0m | ▲ 149% |
| Tangible fixed assets22/27 | €1.1m | €958,721 | €803,883 | €2.0m | ▲ 149% |
| Land and buildings22 | - | - | - | €16,633 | - |
| Plant, machinery and equipment23 | - | - | - | €126,939 | - |
| Furniture and vehicles24 | - | - | - | €42,931 | - |
| Leasing and similar rights25 | - | - | - | €1.8m | - |
| Financial fixed assets28 | €7,589 | €8,227 | €8,477 | €19,627 | ▲ 132% |
| Current assets29/58 | €1.5m | €2.3m | €3.8m | €4.7m | ▲ 21.7% |
| Stocks and contracts in progress3 | €256,943 | €261,753 | €769,956 | €1.4m | ▲ 78.9% |
| Stocks30/36 | - | - | - | €989,673 | - |
| Contracts in progress37 | - | - | - | €387,791 | - |
| Amounts receivable within one year40/41 | €918,921 | €1.3m | €2.3m | €2.8m | ▲ 21.5% |
| Trade receivables40 | - | - | - | €2.4m | - |
| Other amounts receivable41 | - | - | - | €374,316 | - |
| Cash at bank and in hand54/58 | €276,703 | €461,585 | €457,344 | €429,960 | ▼ 6.0% |
| Deferred charges and accrued income490/1 | - | - | - | €58,007 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.6m | €3.3m | €4.6m | €6.7m | ▲ 43.9% |
| Equity10/15 | €477,740 | €759,913 | €786,044 | -€441,070 | ▼ 156% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €459,140 | €741,313 | €767,444 | €767,444 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €765,584 | - |
| Profit (loss) carried forward14 | - | - | - | -€1.2m | - |
| Provisions and deferred taxes16 | - | - | - | €668,638 | - |
| Provisions for liabilities and charges160/5 | - | - | - | €668,638 | - |
| Major repairs and maintenance162 | - | - | - | €668,638 | - |
| Amounts payable17/49 | €2.2m | €2.5m | €3.9m | €6.5m | ▲ 67.3% |
| Amounts payable after more than one year17 | €949,523 | €877,128 | €893,808 | €2.5m | ▲ 175% |
| Financial debts170/4 | - | - | - | €2.5m | - |
| Amounts payable within one year42/48 | €1.2m | €1.7m | €3.0m | €3.9m | ▲ 32.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €777,067 | - |
| Financial debts43 | - | - | - | €625,093 | - |
| Credit institutions430/8 | - | - | - | €625,093 | - |
| Trade debts44 | €684,920 | €854,054 | €1.9m | €2.3m | ▲ 23.7% |
| Suppliers440/4 | - | - | - | €2.3m | - |
| Taxes, remuneration and social security45 | - | - | - | €185,857 | - |
| Taxes450/3 | - | - | - | €13,087 | - |
| Remuneration and social security454/9 | - | - | - | €172,770 | - |
| Accrued charges and deferred income492/3 | - | - | - | €90,339 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €232,030 | €282,173 | €26,131 | -€1.2m | ▼ 4,796% |
| + Depreciation and write-downs630 | €334,963 | €346,057 | €337,388 | €328,604 | ▼ 2.6% |
| Operating cash flow (approximation) | €566,993 | €628,229 | €363,519 | -€898,510 | ▼ 347% |
| Investment in fixed assets (approximation) | - | -€178,197 | -€182,800 | -€1.5m | ▼ 741% |
| Change in cash | - | €184,881 | -€4,241 | -€27,384 | ▼ 546% |
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
2022
03-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 27-09-2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €282,173 ▲21.6%
Operating result €440,223, net result €282,173, both a record.
31-12
Financial
Equity above €500,000Eq €759,913 ▲59.1%
2 profitable years in a row build equity to €759,913.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Retie · 1 establishment unit since 2016
Ground area
6,001 m²
Building footprint
1,901 m²
Parcel 13036B0300/00B000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
STABCO FOUNDATIONS
since 20162.256.395.291
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036B0300/00B000 | Flanders | 6,001 m² | 1 · 1,901 m² | - |
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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN DE CHAFFOY DE MERODELEI 37, 2300 TURN-
HOUT |
27-09-2022 → present |
| Curator | LUC PLESSERS DE MERO-
DELEI 37, 2300 TURNHOUT |
27-09-2022 → present |
| Curator | CARO-
LINE DE LEPELEIRE DE MERODELEI 37, 2300 TURNHOUT- |
27-09-2022 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,688 EUR awarded · 2,688 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,688 EUR | 2,688 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 endedBekister (so)
Similar companies · same sector, comparable size
BIJNENS
BE 0454.177.259
Lanaken · Eq €787,563
Projectbouw Borgonjon
BE 0472.289.931
Maldegem · Eq €784,225
BETONWERKEN LOMBAERT
BE 0876.822.590
Ternat · Eq €783,714
Watrix
BE 0885.386.207
Oosterzele · Eq €781,281
Betonwerken Koen De Witte
BE 0845.373.707
Lievegem · Eq €790,976
Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 3,724 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
Founded26-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0661753695
Registered
25-09-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.