KAPSAM
Open bankruptcySummary
A bankruptcy procedure is open for KAPSAM according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €12,434 and a net result of €6,215.
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
- 20 June 2024
- Supervising judge
- Ivo Van Genechten
- Official Gazette
- 26-06-2024 (pdf) ↗search the document for 2024/126206
Curators
- Michael WarsonKunstlaan 18 Bus 6, 3500 Hasseltinfo@solvimus.be
- Tom RenckensKunst- Laan 18 Bus 6, 3500 Hasselttom@solvimus.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 ↗
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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
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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 Wholesale trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
€12,434▲ 99.9%
2020 · €6,219
Total assets
€107,779▲ 9.4%
2020 · €98,563
Net result
€6,215▲ 327%
2020 · €1,456
Working capital
€20,071▲ 1,837%
2020 · €1,036
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
Line201920202021
Operating result€712-€4,940▲ 594%€10,088▲ 104%
Net result-€1,437-€1,456€6,215▲ 327%
Equity€4,763-€6,219▲ 30.6%€12,434▲ 99.9%
Total assets€76,065-€98,563▲ 29.6%€107,779▲ 9.4%
Debt€71,302-€92,344▲ 29.5%€95,345▲ 3.2%
Working capital€7,000-€1,036▼ 85.2%€20,071▲ 1,837%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2021 is 104% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €107,779
Fixed assets
€27,573 ▼ 39.5%
Current assets
€80,206 ▲ 51.5%
Equity and liabilities €107,779
Equity
€12,434 ▲ 99.9%
Debt
€95,345 ▲ 3.2%
Debt's share of the balance-sheet total falls from 93.7% to 88.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,157▲
2020 · €18,579
Cash flow
€27,284▲
2020 · €15,095
Current ratio
1.33▲
2020 · 1.02
Quick ratio
0.43▼
2020 · 0.74
Debt to equity
7.67▲
2020 · 6.50
ROE
50.0%▲
2020 · 23.4%
ROA
5.8%▲
2020 · 1.5%
Interest coverage
8.15
Debt ≤ 1 year
€60,135▲
2020 · €51,918
Debt > 1 year
€35,210▼
2020 · €40,426
Income taxes
€55▼
2020 · €93
Staff costs
€118
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €118 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,263 | €13,639 | €21,069 | ▲ 54.5% |
| Other operating charges640/8 | - | - | €1,756 | - |
| Non-recurring operating charges66A | - | - | €615 | - |
| Gross operating margin9900 | €12,557 | €20,517 | €33,646 | ▲ 64.0% |
| Operating profit (loss)9901 | €712 | €4,940 | €10,088 | ▲ 104% |
| Financial income75/76B | - | - | €3 | - |
| Recurring financial income75 | €1,885 | €19 | €3 | ▼ 83.7% |
| Financial charges65/66B | - | - | €3,821 | - |
| Recurring financial charges65 | €4,034 | €3,410 | €3,821 | ▲ 12.1% |
| Profit (loss) for the period before taxes9903 | -€1,437 | €1,549 | €6,270 | ▲ 305% |
| Income taxes67/77 | €0 | €93 | €55 | ▼ 41.0% |
| Profit (loss) for the period9904 | -€1,437 | €1,456 | €6,215 | ▲ 327% |
| Profit (loss) for the period to be appropriated9905 | -€1,437 | €1,456 | €6,215 | ▲ 327% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €76,065 | €98,563 | €107,779 | ▲ 9.4% |
| Fixed assets21/28 | €39,086 | €45,609 | €27,573 | ▼ 39.5% |
| Tangible fixed assets22/27 | €38,723 | €45,246 | €27,573 | ▼ 39.1% |
| Plant, machinery and equipment23 | - | - | €2,558 | - |
| Furniture and vehicles24 | - | - | €6,998 | - |
| Leasing and similar rights25 | - | - | €5,578 | - |
| Other tangible fixed assets26 | - | - | €12,439 | - |
| Financial fixed assets28 | €363 | €363 | - | - |
| Current assets29/58 | €36,979 | €52,954 | €80,206 | ▲ 51.5% |
| Stocks and contracts in progress3 | €1,750 | €14,750 | €54,252 | ▲ 268% |
| Stocks30/36 | - | - | €54,252 | - |
| Amounts receivable within one year40/41 | €34,519 | €25,986 | €25,722 | ▼ 1.0% |
| Trade receivables40 | - | - | €19,580 | - |
| Other amounts receivable41 | - | - | €6,142 | - |
| Cash at bank and in hand54/58 | €368 | €11,806 | €232 | ▼ 98.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €76,065 | €98,563 | €107,779 | ▲ 9.4% |
| Equity10/15 | €4,763 | €6,219 | €12,434 | ▲ 99.9% |
| Contributions10/11 | €6,200 | - | €6,200 | - |
| Profit (loss) carried forward14 | -€1,437 | €19 | €6,234 | ▲ 33,095% |
| Amounts payable17/49 | €71,302 | €92,344 | €95,345 | ▲ 3.2% |
| Amounts payable after more than one year17 | €41,323 | €40,426 | €35,210 | ▼ 12.9% |
| Financial debts170/4 | - | - | €35,210 | - |
| Amounts payable within one year42/48 | €29,978 | €51,918 | €60,135 | ▲ 15.8% |
| Current portion of amounts payable after more than one year42 | - | - | €8,122 | - |
| Financial debts43 | - | - | €9,912 | - |
| Credit institutions430/8 | - | - | €9,912 | - |
| Trade debts44 | €13,156 | €26,643 | €23,217 | ▼ 12.9% |
| Suppliers440/4 | - | - | €23,217 | - |
| Taxes, remuneration and social security45 | - | - | €1,625 | - |
| Taxes450/3 | - | - | €1,625 | - |
| Other amounts payable47/48 | - | - | €17,259 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,437 | €1,456 | €6,215 | ▲ 327% |
| + Depreciation and write-downs630 | €10,263 | €13,639 | €21,069 | ▲ 54.5% |
| Operating cash flow (approximation) | €8,827 | €15,095 | €27,284 | ▲ 80.8% |
| Investment in fixed assets (approximation) | - | -€20,162 | -€3,033 | ▲ 85.0% |
| Change in cash | - | €11,438 | -€11,574 | ▼ 201% |
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
2024
26-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 20-06-2024
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 339 days late
2021
31-12
Financial
Highest result since 2019net €6,215 ▲327%
Operating result €10,088, net result €6,215, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Back to profitnet €1,456
Net result €1,456 after one loss-making year.
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 133 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Heusden-Zolder · 1 establishment unit since 2020
Ground area
3,110 m²
Building footprint
1,578 m²
Volume, LiDAR
11,924 m³
Parcel 71065B1051/00L000, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Kapsam
since 20202.306.082.948
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065B1051/00L000 | Flanders | 3,110 m² | 1 · 1,578 m² | 9.4 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MICHAEL WARSON KUNSTLAAN 18 BUS 6,
3500 HASSELT |
20-06-2024 → present |
| Curator | TOM RENCKENS KUNST-
LAAN 18 BUS 6, 3500 HASSELT |
20-06-2024 → present |
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Of 136 companies in sector 46641 we hold annual accounts for 86. 22 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
Founded22-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46641Wholesale trade
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.