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KARACA 76

Open bankruptcy
Private limited company (pre-2019)founded 2014Koning Boudewijnlaan 20, 3500 Hasselt, Belgium111 active companies are registered at this addressKBO/BCE: BE 0556.618.167
Summary

A bankruptcy procedure is open for KARACA 76 according to publications in the Belgian Official Gazette. The 2020 annual accounts show equity of €131,166 and a net result of €7,623.

KARACA 76Open bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

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.

The procedure

Court
Enterprise Court of Antwerp, Hasselt division
Declared bankrupt
29 September 2022
Supervising judge
Hilde Claes
Official Gazette
06-10-2022 (pdf) ↗search the document for 2022/135321

Deadlines

Provisional date payments stopped
29 September 2022A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 21 October 2022Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 29 October 2022art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 10 November 2022Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
passed on 29 September 2023A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustees

  • Bert VandenreytPaalsesteenweg 133, 3583 05 Beringen-Paalbert.vandenreyt@advocom.be
  • Ann NoëPaals- Esteenweg 133, 3583 05 Beringen-Paalann.noe@advocom.be

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Manufacture of food products
NACE 10920
1 site
Size
€217,677total assets 2020
Equity
€131,166
Profit
€7,623
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
0 of 5 deeds read
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 25-06-2021, 36 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2021
not filed
2020
36 days early
2019
90 days late
2018
28 days late
2017
31 days late
2016
11 days late
2015
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 26 days after the deadline; the sector median (NACE 10) for financial year 2021 is 3 days before the deadline, and 44% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningEnterprise Court of Antwerp, Hasselt…
  2. Annual accounts filedfinancial year 2020 · micro…
  3. Weakest financial yearnet €7,623 ▼53%

Financials · financial year 2020, micro format

Equity
€131,166▲ 6.2%
2019 · €123,543
Total assets
€217,677▼ 23.1%
2019 · €283,183
Net result
€7,623▼ 53.0%
2019 · €16,201
Working capital
€135,449▲ 3.4%
2019 · €130,987
Trend over the years

2018 to 2020, 3 financial years 2018 to 2020, 3 financial years

The operating result has fallen two years in a row; 2020 is 21% below 2019 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€28,950 2020 Net result€7,623 2020

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020
Operating result€73,363-€36,821▼ 49.8%€28,950▼ 21.4%
Net result€37,910-€16,201▼ 57.3%€7,623within the sector's middle half▼ 53.0%
Equity€107,342-€123,543▲ 15.1%€131,166above the sector's middle half▲ 6.2%
Total assets€177,463-€283,183▲ 59.6%€217,677within the sector's middle half▼ 23.1%
Debt€70,121-€159,640▲ 128%€86,510▼ 45.8%
Working capital€117,673-€130,987▲ 11.3%€135,449above the sector's middle half▲ 3.4%
Solvency60.5%-43.6%▼ 16.9pp60.3%above the sector's middle half▲ 16.6pp
Current ratio2.98-1.86▼ 1.122.66above the sector's middle half▲ 0.79
Return on assets (ROA)21.4%-5.7%▼ 15.6pp3.5%within the sector's middle half▼ 2.2pp
above within below the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €217,677
Fixed assets €400 =
Current assets €217,277 ▼ 23.2%
Equity and liabilities €217,677
Equity €131,166 ▲ 6.2%
Debt €86,510 ▼ 45.8%
Debt's share of the balance-sheet total falls from 56.4% to 39.7%. Equity is higher and debt is lower.
Key figures and ratios
2020 value · change against 2019
Debt to equity
0.04▼
2019 · 0.06
ROE
5.8%▼
2019 · 13.1%
Debt ≤ 1 year
€81,827▼
2019 · €151,797
Debt > 1 year
€4,683▼
2019 · €7,843
Income taxes
€9,786▼
2019 · €14,509
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 · 2020 against 2019 · 23 lines
Balance sheet Code20192020
Assets
Total assets20/58€283,183€217,677▼
Fixed assets21/28€400€400=
Financial fixed assets28€400€400=
Current assets29/58€282,783€217,277▼
Amounts receivable within one year40/41€258,049€194,539▼
Cash at bank and in hand54/58€24,735€22,737▼
Equity and liabilities
Total equity and liabilities10/49€283,183€217,677▼
Equity10/15€123,543€131,166▲
Contributions10/11€6,200-
Reserves13€1,860€1,860=
Profit (loss) carried forward14€115,483€123,106▲
Amounts payable17/49€159,640€86,510▼
Amounts payable after more than one year17€7,843€4,683▼
Amounts payable within one year42/48€151,797€81,827▼
Trade debts44€35,672-
Income statement Code20192020
Gross operating margin9900€166,466€91,951▼
Operating profit (loss)9901€36,821€28,950▼
Recurring financial income75€0€1▲
Recurring financial charges65€6,542€11,543▲
Profit (loss) for the period before taxes9903€30,711€17,409▼
Income taxes67/77€14,509€9,786▼
Profit (loss) for the period9904€16,201€7,623▼
Profit (loss) for the period to be appropriated9905€16,201€7,623▼
Line201820192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,738---
Gross operating margin9900€130,358€166,466€91,951▼ 44.8%
Operating profit (loss)9901€73,363€36,821€28,950▼ 21.4%
Recurring financial income75€76€0€1▲ 4,400%
Recurring financial charges65€7,391€6,542€11,543▲ 76.4%
Profit (loss) for the period before taxes9903€60,786€30,711€17,409▼ 43.3%
Income taxes67/77€22,876€14,509€9,786▼ 32.6%
Profit (loss) for the period9904€37,910€16,201€7,623▼ 53.0%
Profit (loss) for the period to be appropriated9905€37,910€16,201€7,623▼ 53.0%
Line201820192020Change
Assets
Total assets20/58€177,463€283,183€217,677▼ 23.1%
Fixed assets21/28€400€400€400=
Financial fixed assets28€400€400€400=
Current assets29/58€177,063€282,783€217,277▼ 23.2%
Amounts receivable within one year40/41€159,641€258,049€194,539▼ 24.6%
Cash at bank and in hand54/58€17,422€24,735€22,737▼ 8.1%
Equity and liabilities
Total equity and liabilities10/49€177,463€283,183€217,677▼ 23.1%
Equity10/15€107,342€123,543€131,166▲ 6.2%
Contributions10/11€6,200€6,200--
Reserves13€1,860€1,860€1,860=
Profit (loss) carried forward14€99,282€115,483€123,106▲ 6.6%
Amounts payable17/49€70,121€159,640€86,510▼ 45.8%
Amounts payable after more than one year17€10,731€7,843€4,683▼ 40.3%
Amounts payable within one year42/48€59,391€151,797€81,827▼ 46.1%
Trade debts44-€35,672--
Line201820192020Change
Profit (loss) for the period9904€37,910€16,201€7,623▼ 53.0%
+ Depreciation and write-downs630€5,738---
Operating cash flow (approximation)€43,649€16,201€7,623▼ 53.0%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€7,313-€1,997-

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

Download as CSV

Filings with the National Bank (6)
Financial year Type Filed Reference
31-12-2020 micro format 25-06-2021 2021-24600003
31-12-2019 micro format 29-10-2020 2020-65400393
31-12-2018 micro format 28-08-2019 2019-53000528
31-12-2017 micro format 31-08-2018 2018-59600257
31-12-2016 micro format 11-08-2017 2017-43400287
31-12-2015 abbreviated format 30-08-2016 2016-50900439

Similar companies · same sector, comparable size

Of the 68 active companies whose main activity is manufacture of food products (NACE 10920), figures are known for 32. 13 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 · 1 entry · €338 awarded · €338 paid
Schemes
1 entry · €338 · €338 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 5 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

2 mandates
Role Name Tenure
Trustee Bert Vandenreyt
Paalsesteenweg 133, 3583 05 Beringen-Paal
29-09-2022 → present
Trustee Ann Noë
Paals- Esteenweg 133, 3583 05 Beringen-Paal
29-09-2022 → present

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

KARACA 76 was incorporated on 10 July 2014.1 Total assets rose from €177,463 in 2018 to €217,677 in 2020.2 On 29 September 2022 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2020
  3. 3Belgian Official Gazette, 06-10-2022

Acts, filings and financial milestones

2022
06-10
Bankruptcy Opening
Enterprise Court of Antwerp, Hasselt division · judgment of 29-09-2022
2021
25-06
NBB filing Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial Weakest financial yearnet €7,623 ▼53%
Net result drops to €7,623, the lowest in the series.
29-10
NBB filing Annual accounts filed
financial year 2019 · micro format · 90 days late
2019
28-08
NBB filing Annual accounts filed
financial year 2018 · micro format · 28 days late
2018
31-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 31 days late
2017
11-08
NBB filing Annual accounts filed
financial year 2016 · micro format · 11 days late
2016
30-08
NBB filing Annual accounts filed
financial year 2015 · abbreviated format · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 5 deeds read
About the unread acts

We know of 5 Belgian Official 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.

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded10-07-2014
Financial year end31-12
Activities, NACEBEL 2025
10920Manufacture of food products
10111Manufacture of food products
10130Manufacture of food products
Contact
E-mail gullie.karaca@telenet.beHasselt
Phone 0477/770999Hasselt
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 22 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2014
registered office establishment approximate The establishment unit on the map
Ground area
6,122 m²
Parcel 71323C0155/00H002, Flanders. Linked by address, not a title deed.
1 establishment unit
KARACA 76
Koning Boudewijnlaan 20, 3500 HasseltManufacture of food products
since 2014unit no. 2.232.654.443
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
71323C0155/00H002 Flanders 6,122 m² - -
How the parcels are linked
Good to know
The parcel matches the address exactly.