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KATE

Open bankruptcy
KBO/BCE: BE 0544.948.176

A bankruptcy procedure is open for KATE according to publications in the Belgian State Gazette; curator: HANS DE MEYER.

Summary

Inactive; last annual accounts for fiscal year 2018.

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KATEOpen bankruptcy
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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 Ghent, Ghent division
Declared bankrupt
30 November 2021
Supervising judge
Isabelle Van Vooren
Official Gazette
08-12-2021 (pdf) ↗search the document for 2021/142798

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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. The signal on the left, the evidence on the right.
+raises risk
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 05-02-2021, 555 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filings
Deviation from the deadline
2018
555 d late
2017
on the day
2016
17 d late
2015
13 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 140 days after the deadline; the Belgian median for financial year 2018 is 2 days before the deadline, and 42% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

KATE has filed 4 sets of annual accounts, the latest for fiscal year 2018.1 The company was declared bankrupt on 30 November 2021.2

  1. 1National Bank, annual accounts 2018
  2. 2Belgian State Gazette, 08-12-2021

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 Are there other customers at risk in your own list?Debtor check

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2018, micro schema

Equity
€6,080
Total assets
€634,646
Net result
€42,778
Working capital
€45,227

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €634,646
Fixed assets €33,100
Current assets €601,545
Equity and liabilities €634,646
Equity €6,080
Debt €628,566
Debt finances 99.0% of the balance-sheet total.
Key figures and ratios
2018 value
EBITDA
€117,108
Cash flow
€50,977
Current ratio
1.08
Debt to equity
11.88
ROE
703.6%
ROA
6.7%
Debt ≤ 1 year
€556,318
Debt > 1 year
€72,248
Income taxes
€205
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 26 lines
Balance sheet Code2018
Assets
Total assets20/58€634,646
Fixed assets21/28€33,100
Intangible fixed assets21€1,029
Tangible fixed assets22/27€27,075
Financial fixed assets28€4,996
Current assets29/58€601,545
Amounts receivable within one year40/41€599,383
Cash at bank and in hand54/58€2,162
Equity and liabilities
Total equity and liabilities10/49€634,646
Equity10/15€6,080
Contributions10/11€6,200
Reserves13€1,860
Profit (loss) carried forward14-€1,981
Amounts payable17/49€628,566
Amounts payable after more than one year17€72,248
Amounts payable within one year42/48€556,318
Trade debts44€100,595
Income statement Code2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,199
Gross operating margin9900€251,706
Operating profit (loss)9901€108,909
Recurring financial income75€7,481
Recurring financial charges65€73,407
Profit (loss) for the period before taxes9903€42,983
Income taxes67/77€205
Profit (loss) for the period9904€42,778
Profit (loss) for the period to be appropriated9905€42,778
Line2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,199
Gross operating margin9900€251,706
Operating profit (loss)9901€108,909
Recurring financial income75€7,481
Recurring financial charges65€73,407
Profit (loss) for the period before taxes9903€42,983
Income taxes67/77€205
Profit (loss) for the period9904€42,778
Profit (loss) for the period to be appropriated9905€42,778
Line2018
Assets
Total assets20/58€634,646
Fixed assets21/28€33,100
Intangible fixed assets21€1,029
Tangible fixed assets22/27€27,075
Financial fixed assets28€4,996
Current assets29/58€601,545
Amounts receivable within one year40/41€599,383
Cash at bank and in hand54/58€2,162
Equity and liabilities
Total equity and liabilities10/49€634,646
Equity10/15€6,080
Contributions10/11€6,200
Reserves13€1,860
Profit (loss) carried forward14-€1,981
Amounts payable17/49€628,566
Amounts payable after more than one year17€72,248
Amounts payable within one year42/48€556,318
Trade debts44€100,595
Line2018
Profit (loss) for the period9904€42,778
+ Depreciation and write-downs630€8,199
Operating cash flow (approximation)€50,977

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

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Timeline · acts, filings and financial milestones

2021
08-12
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 30-11-2021
05-02
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 555 days late
2018
31-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
17-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
2016
18-01
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalNBB filing
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

Insolvency mandates

1 mandate
Role Name Tenure
Curator HANS DE MEYER
COUPURE 373, 9000 GENT-
 30-11-2021 → present

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