Kiran
Open bankruptcyA bankruptcy procedure is open for Kiran according to publications in the Belgian State Gazette; curator: GEERT DEFREYNE.
Summary
The 2024 annual accounts show negative equity (-€19,236) and a net result of -€86,416.
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
- 6 May 2025
- Supervising judge
- Paul Boels
- Official Gazette
- 04-06-2025 (pdf) ↗search the document for 2025/123692
Deadlines
- Provisional date payments stopped
- 6 May 2025A later judgment can change the date.art. XX.105 CEL
- File the claim in RegSol until
- passed on 5 June 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 10 June 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Appeal or third-party opposition until
- passed on 19 June 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- Late claim until
- passed on 6 May 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Geert DefreyneKortrijksesteenweg 361, 9000 Gentgdf@defreyne-degryse.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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
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.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 04-11-2024, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
4 d late
2023
10 d late
2022
8 d late
2021
163 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
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?Addresses Are there other customers at risk in your own list?List enrichment How is the Civil engineering sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€19,236
2023 · €67,180
Total assets
€351,168▼ 8.5%
2023 · €383,705
Net result
-€86,416
2023 · €58,377
Working capital
-€89,663
2023 · €23,493
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€5,447-€95,939▲ 1,661%€108,808▲ 13.4%-€47,750
Net result€4,405within the sector's middle half-€67,398above the sector's middle half▲ 1,430%€58,377above the sector's middle half▼ 13.4%-€86,416below the sector's middle half
Equity€8,405below the sector's middle half-€8,803below the sector's middle half▲ 4.7%€67,180within the sector's middle half▲ 663%-€19,236below the sector's middle half
Total assets€13,376below the sector's middle half-€124,637within the sector's middle half▲ 832%€383,705above the sector's middle half▲ 208%€351,168above the sector's middle half▼ 8.5%
Debt€4,972-€115,835▲ 2,230%€316,525▲ 173%€370,404▲ 17.0%
Working capital€8,405within the sector's middle half--€2,661below the sector's middle half€23,493within the sector's middle half-€89,663below the sector's middle half
Solvency62.8%within the sector's middle half-7.1%below the sector's middle half▼ 55.8pp17.5%below the sector's middle half▲ 10.4pp-5.5%below the sector's middle half▼ 23.0pp
Current ratio2.69within the sector's middle half-0.98below the sector's middle half▼ 1.721.12within the sector's middle half▲ 0.140.71below the sector's middle half▼ 0.41
Return on assets (ROA)32.9%above the sector's middle half-54.1%above the sector's middle half▲ 21.1pp15.2%within the sector's middle half▼ 38.9pp-24.6%below the sector's middle half▼ 39.8pp
Staff (FTE)0.3-4.5▲ 1,400%9.9▲ 120%13.7▲ 38.4%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
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 2024: a loss of €47,750 after €108,808 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €351,168
Fixed assets
€130,476 ▼ 17.8%
Current assets
€220,691 ▼ 1.9%
Key figures and ratios
EBITDA
-€15,587▼
2023 · €117,780
Cash flow
-€54,253▼
2023 · €67,350
Quick ratio
0.44▼
2023 · 0.65
Debt to equity
-19.26▼
2023 · 4.71
Interest coverage
-0.70▼
2023 · 4.05
Debt ≤ 1 year
€310,354▲
2023 · €201,568
Debt > 1 year
€60,049▼
2023 · €114,957
Income taxes
€17,300▼
2023 · €21,365
Staff costs
€534,405▲
2023 · €405,370
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €10,033 | €168,634 | €405,370 | €534,405 | ▲ 31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €596 | €8,972 | €32,163 | ▲ 258% |
| Other operating charges640/8 | - | €485 | €4,321 | €4,765 | ▲ 10.3% |
| Gross operating margin9900 | €15,481 | €265,654 | €527,470 | €523,583 | ▼ 0.7% |
| Operating profit (loss)9901 | €5,447 | €95,939 | €108,808 | -€47,750 | ▼ 144% |
| Financial income75/76B | €295 | - | €2 | €807 | ▲ 49,098% |
| Recurring financial income75 | €295 | - | €2 | €807 | ▲ 49,098% |
| Financial charges65/66B | €0 | €12,665 | €29,067 | €22,173 | ▼ 23.7% |
| Recurring financial charges65 | €0 | €12,665 | €29,067 | €22,173 | ▼ 23.7% |
| Profit (loss) for the period before taxes9903 | €5,742 | €83,274 | €79,742 | -€69,116 | ▼ 187% |
| Income taxes67/77 | €1,338 | €15,876 | €21,365 | €17,300 | ▼ 19.0% |
| Profit (loss) for the period9904 | €4,405 | €67,398 | €58,377 | -€86,416 | ▼ 248% |
| Profit (loss) for the period to be appropriated9905 | €4,405 | €67,398 | €58,377 | -€86,416 | ▼ 248% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €13,376 | €124,637 | €383,705 | €351,168 | ▼ 8.5% |
| Fixed assets21/28 | - | €20,334 | €158,644 | €130,476 | ▼ 17.8% |
| Tangible fixed assets22/27 | - | €16,944 | €155,254 | €127,086 | ▼ 18.1% |
| Plant, machinery and equipment23 | - | €16,944 | €33,799 | €30,780 | ▼ 8.9% |
| Furniture and vehicles24 | - | - | €121,455 | €96,306 | ▼ 20.7% |
| Financial fixed assets28 | - | €3,390 | €3,390 | €3,390 | = |
| Current assets29/58 | €13,376 | €104,303 | €225,061 | €220,691 | ▼ 1.9% |
| Stocks and contracts in progress3 | - | - | €94,090 | €84,210 | ▼ 10.5% |
| Contracts in progress37 | - | - | €94,090 | €84,210 | ▼ 10.5% |
| Amounts receivable within one year40/41 | €10,770 | €69,399 | €99,616 | €130,534 | ▲ 31.0% |
| Trade receivables40 | €3,491 | €16,500 | €60,990 | €79,035 | ▲ 29.6% |
| Other amounts receivable41 | €7,279 | €52,899 | €38,627 | €51,499 | ▲ 33.3% |
| Cash at bank and in hand54/58 | €2,606 | €29,246 | €31,238 | €5,847 | ▼ 81.3% |
| Deferred charges and accrued income490/1 | - | €5,659 | €117 | €100 | ▼ 13.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €13,376 | €124,637 | €383,705 | €351,168 | ▼ 8.5% |
| Equity10/15 | €8,405 | €8,803 | €67,180 | -€19,236 | ▼ 129% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | - | - | €58,377 | €58,377 | = |
| Distributable reserves133 | - | - | €58,377 | €58,377 | = |
| Profit (loss) carried forward14 | €4,405 | €4,803 | €4,803 | -€81,614 | ▼ 1,799% |
| Amounts payable17/49 | €4,972 | €115,835 | €316,525 | €370,404 | ▲ 17.0% |
| Amounts payable after more than one year17 | - | €8,871 | €114,957 | €60,049 | ▼ 47.8% |
| Financial debts170/4 | - | €8,871 | €114,957 | €60,049 | ▼ 47.8% |
| Amounts payable within one year42/48 | €4,972 | €106,964 | €201,568 | €310,354 | ▲ 54.0% |
| Current portion of amounts payable after more than one year42 | - | €2,699 | €2,914 | €29,677 | ▲ 918% |
| Trade debts44 | €615 | €26,514 | €57,551 | €238,681 | ▲ 315% |
| Suppliers440/4 | €615 | €26,514 | €57,551 | €238,681 | ▲ 315% |
| Taxes, remuneration and social security45 | €4,356 | €57,651 | €123,030 | €41,606 | ▼ 66.2% |
| Taxes450/3 | €2,199 | €17,623 | €34,430 | €17,311 | ▼ 49.7% |
| Remuneration and social security454/9 | €2,157 | €40,028 | €88,600 | €24,295 | ▼ 72.6% |
| Other amounts payable47/48 | - | €20,100 | €18,074 | €390 | ▼ 97.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,405 | €67,398 | €58,377 | -€86,416 | ▼ 248% |
| + Depreciation and write-downs630 | - | €596 | €8,972 | €32,163 | ▲ 258% |
| Operating cash flow (approximation) | €4,405 | €67,994 | €67,350 | -€54,253 | ▼ 181% |
| Investment in fixed assets (approximation) | - | - | -€147,283 | -€3,995 | ▲ 97.3% |
| Change in cash | - | €26,640 | €1,992 | -€25,391 | ▼ 1,374% |
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
04-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 06-05-2025
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
31-03
Financial
Weakest financial yearnet -€86,416
Net result drops to -€86,416, the lowest in the series.
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 10 days late
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
12-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 163 days late
31-03
Financial
Highest result since 2021net €67,398 ▲1,430%
Net result €67,398, the highest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2020
Ground area
125 m²
Building footprint
76 m²
Volume, LiDAR
562 m³
Parcel 44810K0331/00M002, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kiran
since 20202.304.559.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44810K0331/00M002 | Flanders | 125 m² | 1 · 76 m² | 14.5 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 | GEERT DEFREYNE KORTRIJKSESTEENWEG 361,
9000 GENT |
06-05-2025 → present |
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 3,625 EUR awarded · 3,625 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 3,625 EUR | 3,625 EUR |
Schemes
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Of 264 companies in sector 42212 we hold annual accounts for 120. 92 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
Founded06-07-2020
Fiscal year end31-03
Activities, NACEBEL 2025
42212Civil engineering
42110Construction of roads and motorways
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.