Equity
-€441,070 from €786,044 in 2020
Equity fell below zero in 2021.
K16
Overview
Information for creditors
Enterprise Court of Antwerp, Turnhout division · Official Gazette of 03-10-2022Appeal or third-party opposition 18-10-2022Filing the claim in RegSol 27-10-2022First verification report 08-11-2022Late claim 27-09-2023
Trustees: Jean De Chaffoy, Luc Plessers, Caro- Line De Lepeleire. 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.
Lifetime
5 annual accounts with figures on one time axispeak €2.3m (2019)
€2.2m▲ 5.0%
lowest -€1.2m (2021)
-€1.2m▼ €1.3m
peak €786,044 (2020)
-€441,070▼ €1.2m
€6.5m▲ 67.3%
peak 31.3 FTE (2021)
31.3 FTE▲ 41.6%
Board2 names since 2021
2 directorsFleerackers Charlotte Hilda Jaak and 1 other
Documentsfilings and deeds
22-07-20229 days before the deadline
2021abbreviated format
Loss of €1.2mStaff from 22.1 FTE to 31.3 FTERegistered office moved from Turnhout to Retie 19-05Equity from €786,044 to -€441,070Debts from €3.9m to €6.5mInvestments €1.5m
Key points
from the 2021 annual accounts, the last ones filedDebts
€6.5m 97% of the balance sheet
Financial debts 48%Suppliers 36%Taxes and wages 3%Other 13%
Of this, €3.9m falls due within a year.
Final months
147 days from reorganisation to bankruptcy
No score
Signals
Restart pattern
1 indication
A company was founded shortly before or after the bankruptcy of another, with a director in both or at the same registered office.
- BankruptThis companyjudgment 27-09-2022
Fix Funderingen was founded 22 days before the bankruptcy of this company. The annual accounts of both list Marijn Fransen as director, and both had the same registered office.
- Marijn Fransen listed as director in the annual accounts of both
- Same registered office (2470 Retie)
- Same main activity: Other specialised construction activities NACE 43990
This is a pattern, not a judgment. A new start after a bankruptcy is often entirely legitimate. The facts come from the KBO register, the Belgian Official Gazette, the director data and the annual accounts at the NBB. The same name in two sets of accounts is not necessarily the same person. What the facts mean is for you to look into.
Board and ownership
FC
Fleerackers Charlotte Hilda Jaak
Director
FM
Fransen Marijn Vic Christiane
Director
Recent changes
Listed in the Peppol Directory
Change of trustee
Enterprise Court of Antwerp, Turnhout division · judgment of 01-09-2026 · Bankruptcy
Reorganisation ended early
Enterprise Court of Antwerp, Turnhout division · judgment of 27-09-2022 · Judicial reorganisation
Bankruptcy published
Enterprise Court of Antwerp, Turnhout division · judgment of 27-09-2022 · Bankruptcy
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 27-09-2022
- Activity
- Other specialised construction activitiesNACE 43990
- Establishment unit
- 2.256.395.2912470 Retie, since 26-08-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 25-09-2026
Annual accounts 2021
- €2.2m▲ 5.0%
- ≈ €6.2mestimated
- €1.2m
- -€441,070
- €6.7m▲ 43.9%
- Employeeson 31-12-2021
- 32
- Filing
- Filed on 22-07-2022
Insights on K16
Equity fell from €786,044 in 2020 to -€441,070 in 2021, while debts rose from €3.9m to €6.5m.
On 3 May 2022 the court opened a judicial reorganisation. 147 days later came the bankruptcy.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2021
abbreviated format, filed on 22-07-2022, 9 days before the deadline€2.2m
▲ 5.0%
-€1.1m
▼ €1.2m
-€1.2m
▼ €1.3m
€751,286
▼ 13.4%
-6.6%
▼ 23.5 percentage points
1.19
▼ 0.10
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €6.2m. Estimated: probably between €4.7m and €8.2m.
Balance sheet
balance sheet total €6.7m on 31-12-2021What the company ownsHow it is paid for
in €m
in €m
Position in the sector
-6.6%
Lower than 95% of 6,572 companies in 2021.
1.19
Higher than 26% of 6,535 companies in 2021.
-18.3%
Lower than 95% of 6,556 companies in 2021.
K16
Middle half of the sector
80% of the sector
Abbreviated accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff
€67,314
Staff costs divided by the average number of full-time equivalents.
+5 people
people who joined
people who left
In 2021, 40 people joined and 35 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
6.7m | 4.6m | 3.3m | 2.6m | 963,963 | |
21/28 |
2.0m | 812,360 | 966,947 | 1.1m | 362,287 | |
22/27 |
2.0m | 803,883 | 958,721 | 1.1m | 361,386 | |
22 |
16,633 | 2,214 | 2,530 | 2,846 | - | |
23 |
126,939 | 376,904 | 475,073 | 588,048 | 144,699 | |
24 |
42,931 | 136,354 | 158,851 | 184,108 | 56,704 | |
25 |
1.8m | - | - | - | - | |
28 |
19,627 | 8,477 | 8,227 | 7,589 | 901 | |
29/58 |
4.7m | 3.8m | 2.3m | 1.5m | 601,676 | |
3 |
1.4m | 1.0m | 511,753 | 306,943 | - | |
30/36 |
989,673 | 769,956 | 261,753 | 256,943 | - | |
37 |
387,791 | 250,718 | 250,000 | 50,000 | - | |
40/41 |
2.8m | 2.3m | 1.3m | 918,921 | 432,160 | |
40 |
2.4m | 2.0m | 1.2m | 643,357 | 369,034 | |
41 |
374,316 | 273,651 | 145,780 | 275,564 | 63,126 | |
54/58 |
429,960 | 457,344 | 461,585 | 276,703 | 169,516 | |
490/1 |
58,007 | 50,000 | 13,800 | - | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
6.7m | 4.6m | 3.3m | 2.6m | 963,963 | |
10/15 |
-441,070 | 786,044 | 759,913 | 477,740 | 245,710 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | 18,600 | 18,600 | 18,600 | |
13 |
767,444 | 767,444 | 741,313 | 459,140 | 227,110 | |
130/1 |
1,860 | 1,860 | - | - | - | |
130 |
- | - | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | - | - | - | |
133 |
765,584 | 765,584 | 739,453 | 457,280 | 225,250 | |
14 |
-1.2m | - | - | - | - | |
16 |
668,638 | - | - | - | - | |
160/5 |
668,638 | - | - | - | - | |
162 |
668,638 | - | - | - | - | |
17/49 |
6.5m | 3.9m | 2.5m | 2.2m | 718,253 | |
17 |
2.5m | 893,808 | 877,128 | 949,523 | 249,849 | |
170/4 |
2.5m | 893,808 | 877,128 | 949,523 | 249,849 | |
42/48 |
3.9m | 3.0m | 1.7m | 1.2m | 468,404 | |
42 |
777,067 | 365,133 | 314,365 | 292,547 | 96,367 | |
43 |
625,093 | 631,382 | 393,838 | 192,000 | - | |
430/8 |
625,093 | 631,382 | 393,838 | 192,000 | - | |
44 |
2.3m | 1.9m | 854,054 | 684,920 | 328,137 | |
440/4 |
2.3m | 1.9m | 854,054 | 684,920 | 328,137 | |
45 |
185,857 | 88,733 | 99,855 | 37,699 | 43,713 | |
450/3 |
13,087 | - | 42,710 | - | 43,713 | |
454/9 |
172,770 | 88,733 | 57,145 | 37,699 | - | |
47/48 |
- | - | 2,679 | 2,946 | 187 | |
492/3 |
90,339 | - | - | - | - | |
| Income statement | ||||||
76A |
148,201 | - | 14,004 | 5,156 | - | |
9900 |
2.2m | 2.1m | 2.3m | 1.5m | 774,151 | |
62 |
2.1m | 1.6m | 1.4m | 848,017 | 189,743 | |
630 |
328,604 | 337,388 | 346,057 | 334,963 | 182,746 | |
635/8 |
668,638 | - | - | - | - | |
640/8 |
54,789 | 30,841 | 35,307 | 24,278 | 37,455 | |
66A |
147,000 | - | 31,479 | 16,237 | - | |
9901 |
-1.1m | 84,878 | 440,223 | 304,065 | 364,207 | |
75/76B |
10,577 | 7,541 | 3,723 | 531 | 7 | |
75 |
10,577 | 7,541 | 3,723 | 531 | 7 | |
65/66B |
130,057 | 51,869 | 44,063 | 32,315 | 18,391 | |
65 |
130,057 | 51,869 | 44,063 | 32,315 | 18,391 | |
9903 |
-1.2m | 40,550 | 399,883 | 272,281 | 345,824 | |
67/77 |
-7,599 | 14,419 | 117,710 | 40,251 | 118,713 | |
9904 |
-1.2m | 26,131 | 282,173 | 232,030 | 227,110 | |
9905 |
-1.2m | 26,131 | 282,173 | 232,030 | 227,110 | |
| Appropriation of the result | ||||||
9906 |
-1.2m | 26,131 | 282,173 | 232,030 | 227,110 | |
691/2 |
0 | 26,131 | 282,173 | 232,030 | 227,110 | |
6920 |
- | - | - | - | 1,860 | |
6921 |
0 | 26,131 | 282,173 | 232,030 | 225,250 | |
| Social balance sheet | ||||||
9087 |
31.3 | 22.1 | 21.7 | 15.5 | 3.5 | |
Hours worked1013 |
54,296 | 44,604 | 41,890 | 27,082 | 6,474 | |
| Document | ||||||
The notes to these accounts have 24 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2021 (PDF), filed on 22-07-2022.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 22-07-2022 | 2022-20250933 | |
| 31-12-2020 | abbreviated format | 25-06-2021 | 2021-25100377 | |
| 31-12-2019 | abbreviated format | 29-06-2020 | 2020-25200420 | |
| 31-12-2018 | abbreviated format | 11-07-2019 | 2019-32300314 | |
| 31-12-2017 | abbreviated format | 07-06-2018 | 2018-17000384 |
Subsidies and aid
Flemish government 2022, 1 entry, €2,688 awarded, €2,688 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| -786,628 | 422,265 | 786,280 | 639,029 | 546,953 | ||
| -898,510 | 363,519 | 628,229 | 566,993 | 409,856 | ||
| 1.9m | 182,800 | 315,172 | 1.2m | 545,032 | ||
| -27,384 | -4,241 | 184,881 | 107,187 | - | ||
| 751,286 | 867,492 | 670,093 | 292,456 | 133,273 | ||
| -6.6% | 16.9% | 23.0% | 18.1% | 25.5% | ||
| 1.19 | 1.29 | 1.40 | 1.24 | 1.28 | ||
| 0.84 | 0.95 | 1.10 | 0.99 | 1.28 | ||
| - | 4.91 | 3.35 | 4.52 | 2.92 | ||
| - | 3.3% | 37.1% | 48.6% | 92.4% | ||
| -18.3% | 0.6% | 8.5% | 8.8% | 23.6% | ||
| -6.05 | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 32 |
| full-time | 31 |
| part-time | 1 |
| in full-time equivalents | 31.3 |
| 31.2 | |
| On a permanent contract | 28 |
| Joined | 40 |
| Left | 35 |
Source: social balance sheet in the 2021 annual accounts
Investments
fixed assets acquired| Item | 2021 |
|---|---|
| Tangible fixed assets | €1.9m |
| Financial fixed assets | €11,150 |
| €328,604 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Insights on K16
The operating result for 2021 is a loss of €1.1m, after a profit of €84,878 in 2020. It is the lowest result since 2017.
Equity is negative. Debt (€6.5m) exceeds the balance-sheet total (€6.7m).
Board & ownership
Curators
the curators have managed the company since 27-09-2022Last board
2 directors, last change in 2022Fleerackers Charlotte Hilda Jaak
Director
in office according to the deed of 27-09-2022
listed in the 2021 annual accounts, filed on 22-07-2022
Fransen Marijn Vic Christiane
Director
in office according to the deed of 27-09-2022
listed in the 2021 annual accounts, filed on 22-07-2022
Mandates through the years
2 names, the dashed line is todayFleerackers Charlotte Hilda Jaak
Director
Director
Fransen Marijn Vic Christiane
Director
Director
Boardmandate already running before its first mentionBankruptcy 27-09-2022
Mandates as a list
- Fleerackers Charlotte Hilda Jaak
- Director, from before 31-12-2021, until the bankruptcy of 27-09-2022
- Fransen Marijn Vic Christiane
- Director, from before 31-12-2021, until the bankruptcy of 27-09-2022
Control
Capital
- Contribution
- €18,600
- Source
- 2021 annual accounts
Articles of association
deed of 27-09-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Tenminste helft leden aanwezig of vertegenwoordigd, in daartoe bestemd register,na goedkeuring ondertekend door alle leden”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Commissaris of zonder commissaris bedrijfsrevisor aangewezen binnen twee weken door bestuursorgaan, wettelijke interestvoet verhoogd met…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of June at 18:00
Network & group
No group
K16 has no parent and no holdings in its annual accounts. K16 shares no director with another company.
At the same address
Kelderbeemd 16, 2470 Retie · 2 other companies| Fix Funderingen
registered office since 05-09-2022 · founded in 2022 |
10 FTE (2025) 0790.430.531 |
| Algemene onderneming Alfons FEYEN en ZOON
registered office since 13-02-1976 · founded in 1976 |
2 FTE (2025) 0415.843.552 |
Timeline
Timeline
19 events since 2016Board
Filings
Financial
Establishments
Insolvency
Address
201620182020202220242026
2026
Listed in the Peppol Directory
Change of trustee Enterprise Court of Antwerp, Turnhout division · judgment of 01-09-2026
2022
Reorganisation ended early Enterprise Court of Antwerp, Turnhout division · judgment of 27-09-2022
Bankruptcy published Enterprise Court of Antwerp, Turnhout division · judgment of 27-09-2022
Company renamed from Stabco Foundations to K16General meeting of 23-09-20222 points ▸
- General meeting, 23-09-2022
- Name change, K16
- The deed holds 3 more points.
Fix Funderingen at this address Registered office
Annual accounts 2021 filed PDFabbreviated format · 9 days before the deadline
Judicial reorganisation opened Enterprise Court of Antwerp · collective agreement · judgment of 03-05-2022
2021
Weakest financial year net -€1.2m The net result drops to -€1.2m, the lowest from 2017 to 2021.
Annual accounts 2020 filed PDFabbreviated format · 36 days before the deadline
Registered office moved from Turnhout to RetieNew registered office: Kelderbeemd 16a 2470 Retie · Previous registered office: Parklaan 22/17, 2300 Turnhout · General meeting of 21-04-20212 points ▸
- General meeting, 21-04-2021
- Registered-office move, Kelderbeemd 16a 2470 Retie
2020
Annual accounts 2019 filed PDFabbreviated format · 32 days before the deadline
2019
Highest result from 2017 to 2021 net €282,173 ▲21.6% The operating result of €440,223 and the net result of €282,173 are both a record.
Equity above €500,000 equity €759,913 ▲59.1% With a profit in every financial year since 2017, equity grows to €759,913.
Registered office moved from Kasterle to TurnhoutNew registered office: Parklaan 22 b 17 2300 Turnhout · Previous registered office: Strepkens 5, 2460 Kasterleе · General meeting of 26-08-20192 points ▸
- General meeting, 26-08-2019
- Registered-office move, Parklaan 22 b 17 2300 Turnhout
Annual accounts 2018 filed PDFabbreviated format · 20 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 54 days before the deadline
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 26 August 2016, K16 was incorporated.1 The registered office moved to Turnhout in 2019 and to Retie in 2021.23 In 2022 the company took the name K16.4 Total assets went from €2.6m in 2018 to €6.7m in 2021 and headcount from 15.5 to 31.3 full-time equivalents.5 The company was declared bankrupt on 27 September 2022.6
Company details
Identity
- Enterprise number
- 0661.753.695
- VAT number
- BE 0661.753.695
- Peppol ID
- 0208:0661753695
- Legal form
- Private limited company
- Status
- In bankruptcy, since 27-09-2022
- Founded
- 26-08-2016
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of June at 18:00deed of 27-09-2022 (in Dutch)
- Peppol
- Listed since 25-09-2026The listing only disappears when the Peppol service provider removes it.
- Name
- K16 in Dutch
- Name in the Peppol Directory
- Faling K16
- Former name
- Stabco Foundations until the deed of 27-09-2022
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 27-09-2022 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- K16deed of 27-09-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 27-09-2022 (in Dutch)
Activities
NACEBEL 202543990
Other specialised construction activities main activity
Codes under NACEBEL 2008
43999
Specialised construction activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het plaatsen van alle soorten funderingen, zoals onder meer paalfunderingen en putfunderingen; Het plaatsen van damwanden, berlinerwanden…”deed of 27-09-2022 (in Dutch)
17 activities
- Het plaatsen van alle soorten funderingen, zoals onder meer paalfunderingen en putfunderingen
- Het plaatsen van damwanden, berlinerwanden, palenwanden en betonwanden
- Het plaatsen van onderschoeiingen
- Het plaatsen van grondankers
- Het plaatsen van betonkelders
- Betonwerken
- Het uitvoeren van grond- en verbeteringswerken
- Het uitvoeren van waterbouwkundige werken
- Het uitvoeren van oeverversterkingen
- Afbraakwerken
- Het goederenvervoer langs de weg, alsmede de expeditie, grensexpeditie, bevrachting en vervrachting, verzekeringen, consignatie, toldeclaratie, opslag, goederenbehandeling, en alle nevenactiviteiten, zowel in het binnenland als in het buitenland
- Verhuring van bedrijfsvoertuigen en ander rollend materieel
- Groot- en kleinhandel in alle mogelijke brandstoffen, smeeroliën en alle mogelijke toebehoren
- Verhuisonderneming
- Alle werkzaamheden in het kader van een bedrijvencentrum met terbeschikkingstelling van enerzijds opslagruimtes en anderzijds van kantoorruimtes al of niet met inbegrip van kantoorfaciliteiten zoals telefoon, fax, kopieermogelijkheden, ontvangst, personeel en dergelijke meer in de meest uitgebreide zin
- Verhuur van machines en alle mogelijke bedrijfsmaterieel
- Onderhoud en herstelling van alle mogelijke bedrijfsmaterieel
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| STABCO FOUNDATIONS registered office Kelderbeemd 16, 2470 Retie 4342901 Specialised construction activities | 26-08-2016 | 2.256.395.291 |
2 former offices
- Parklaan 22/17, 2300 Turnhout until 01-06-2021 · deed of 19-05-2021
- Strepkens 5, 2460 Kasterleе until 26-08-2019 · deed of 23-09-2019
Buildings and parcels at the address
- Ground area
- 6,001 m²
- Buildings
- 1,901 m²
- Volume, LiDAR
- 12,328 m³
- Tallest building
- 12.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13036B0300/00B000 | 6,001 m² | 1 · 1,901 m² | 12.0 m · 2 |
Recognitions
Dual-learning approval
1 endedBekister (so)