KAPS
Open bankruptcyA bankruptcy procedure is open for KAPS according to publications in the Belgian State Gazette; curator: ILSE VRANKEN.
Summary
The 2023 annual accounts show equity of €25,123 and a net result of -€6,769.
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, Hasselt division
- Declared bankrupt
- 13 March 2025
- Supervising judge
- Kristof Emmers
- Official Gazette
- 19-03-2025 (pdf) ↗search the document for 2025/111422
Curator
- Ilse VrankenKunstlaan 10 Bus A01, 3500 Hasseltilse@koraaladvocaten.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
Signals
Two signals.
+raises risk
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 Manufacture of textiles sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€25,123▼ 21.2%
2022 · €31,893
Total assets
€161,063▲ 18.1%
2022 · €136,365
Net result
-€6,769
2022 · €26,893
Working capital
€4,620▲ 14.6%
2022 · €4,033
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
Line20222023
Operating result€35,479--€3,460
Net result€26,893--€6,769
Equity€31,893-€25,123▼ 21.2%
Total assets€136,365-€161,063▲ 18.1%
Debt€104,472-€135,940▲ 30.1%
Working capital€4,033-€4,620▲ 14.6%
Staff (FTE)0.6-1.2▲ 100%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €3,460 after €35,479 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €161,063
Fixed assets
€20,503 ▼ 26.4%
Current assets
€140,560 ▲ 29.5%
Equity and liabilities €161,063
Equity
€25,123 ▼ 21.2%
Debt
€135,940 ▲ 30.1%
Debt's share of the balance-sheet total rises from 76.6% to 84.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3,897▼
2022 · €43,746
Cash flow
€587▼
2022 · €35,160
Current ratio
1.03▼
2022 · 1.04
Quick ratio
0.85▲
2022 · 0.81
Debt to equity
5.41▲
2022 · 3.28
ROE
-26.9%▼
2022 · 84.3%
ROA
-4.2%▼
2022 · 19.7%
Interest coverage
0.77▼
2022 · 36.00
Debt ≤ 1 year
€135,940▲
2022 · €104,472
Income taxes
€1,410▼
2022 · €9,320
Staff costs
€39,601▲
2022 · €24,182
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €24,182 | €39,601 | ▲ 63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,267 | €7,357 | ▼ 11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,602 | - |
| Other operating charges640/8 | €5,891 | €6,164 | ▲ 4.6% |
| Gross operating margin9900 | €73,820 | €54,264 | ▼ 26.5% |
| Operating profit (loss)9901 | €35,479 | -€3,460 | ▼ 110% |
| Financial income75/76B | €1,948 | €3,153 | ▲ 61.8% |
| Recurring financial income75 | €1,948 | €3,153 | ▲ 61.8% |
| Financial charges65/66B | €1,215 | €5,053 | ▲ 316% |
| Recurring financial charges65 | €1,215 | €5,053 | ▲ 316% |
| Profit (loss) for the period before taxes9903 | €36,212 | -€5,359 | ▼ 115% |
| Income taxes67/77 | €9,320 | €1,410 | ▼ 84.9% |
| Profit (loss) for the period9904 | €26,893 | -€6,769 | ▼ 125% |
| Profit (loss) for the period to be appropriated9905 | €26,893 | -€6,769 | ▼ 125% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €136,365 | €161,063 | ▲ 18.1% |
| Fixed assets21/28 | €27,860 | €20,503 | ▼ 26.4% |
| Tangible fixed assets22/27 | €27,860 | €20,503 | ▼ 26.4% |
| Furniture and vehicles24 | €27,860 | €20,503 | ▼ 26.4% |
| Current assets29/58 | €108,505 | €140,560 | ▲ 29.5% |
| Stocks and contracts in progress3 | €23,455 | €24,540 | ▲ 4.6% |
| Stocks30/36 | €23,455 | €24,540 | ▲ 4.6% |
| Amounts receivable within one year40/41 | €76,390 | €107,709 | ▲ 41.0% |
| Trade receivables40 | €50,210 | €47,788 | ▼ 4.8% |
| Other amounts receivable41 | €26,180 | €59,922 | ▲ 129% |
| Cash at bank and in hand54/58 | €8,124 | €5,696 | ▼ 29.9% |
| Deferred charges and accrued income490/1 | €536 | €2,615 | ▲ 388% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €136,365 | €161,063 | ▲ 18.1% |
| Equity10/15 | €31,893 | €25,123 | ▼ 21.2% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €26,893 | €20,123 | ▼ 25.2% |
| Distributable reserves133 | €26,893 | €20,123 | ▼ 25.2% |
| Amounts payable17/49 | €104,472 | €135,940 | ▲ 30.1% |
| Amounts payable within one year42/48 | €104,472 | €135,940 | ▲ 30.1% |
| Trade debts44 | €53,398 | €53,268 | ▼ 0.2% |
| Suppliers440/4 | €53,398 | €53,268 | ▼ 0.2% |
| Taxes, remuneration and social security45 | €49,074 | €57,672 | ▲ 17.5% |
| Taxes450/3 | €44,939 | €51,002 | ▲ 13.5% |
| Remuneration and social security454/9 | €4,135 | €6,670 | ▲ 61.3% |
| Other amounts payable47/48 | €2,000 | €25,000 | ▲ 1,150% |
| Accrued charges and deferred income492/3 | €0 | €0 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €26,893 | -€6,769 | ▼ 125% |
| + Depreciation and write-downs630 | €8,267 | €7,357 | ▼ 11.0% |
| Operating cash flow (approximation) | €35,160 | €587 | ▼ 98.3% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€2,428 | - |
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
19-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 13-03-2025
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 156 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 522 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tongeren-Borgloon · 1 establishment unit since 2021
Ground area
874 m²
Building footprint
116 m²
Volume, LiDAR
913 m³
Parcel 73003C0417/00T002, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KAPS
since 20212.326.284.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73003C0417/00T002 | Flanders | 874 m² | 1 · 116 m² | 10.4 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 | ILSE VRANKEN KUNSTLAAN 10 BUS A01,
3500 HASSELT |
13-03-2025 → present |
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Of 192 companies in sector 13990 we hold annual accounts for 29. 15 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
Founded09-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
13990Manufacture of textiles
13300Finishing of textiles
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
74120Graphic design and visual communication
Scores and ratios are computed by Checked and are not a credit decision.