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KPP Management

Open bankruptcy
Private limited company (pre-2019)founded 2018Kuringersteenweg 518, 3511 Hasselt, BelgiumKBO/BCE: BE 0700.377.117
Summary

A bankruptcy procedure is open for KPP Management according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (-€39,571) and a net result of -€9,484.

KPP ManagementOpen bankruptcy

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
2 August 2023
Supervising judge
Jo Kenis
Official Gazette
08-08-2023 (pdf) ↗search the document for 2023/131326

Deadlines

Provisional date payments stopped
2 August 2023A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 23 August 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 1 September 2023art. XX.104 and XX.155 CEL
First verification report
passed on 14 September 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 2 August 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curators

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.

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
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-08-2022, 29 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
29 d late
2020
23 d late
2019
47 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed 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

KPP Management was incorporated on 25 July 2018.1 Total assets went from EUR 346,083 in 2019 to EUR 330,336 in 2021.2 On 2 August 2023 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2021
  3. 3Belgian State Gazette, 08-08-2023

Go further with this company

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

Financials · fiscal year 2021, abbreviated schema

Equity
-€39,571▼ 31.5%
2020 · -€30,088
Net result
-€9,484▲ 19.1%
2020 · -€11,719
Total assets
€330,336▼ 0.3%
2020 · €331,493
Solvency
-12.0%▼ 2.9pp
2020 · -9.1%
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line201920202021
Operating result-€18,455--€3,524▲ 80.9%-€1,863▲ 47.1%
Net result-€30,768--€11,719below the sector's middle half▲ 61.9%-€9,484below the sector's middle half▲ 19.1%
Equity-€18,368--€30,088below the sector's middle half▼ 63.8%-€39,571below the sector's middle half▼ 31.5%
Total assets€346,083-€331,493within the sector's middle half▼ 4.2%€330,336below the sector's middle half▼ 0.3%
Debt€364,451-€361,580▼ 0.8%€369,907▲ 2.3%
Working capital-€69,136--€80,855below the sector's middle half▼ 17.0%-€90,339within the sector's middle half▼ 11.7%
Solvency-5.3%--9.1%below the sector's middle half▼ 3.8pp-12.0%below the sector's middle half▼ 2.9pp
Current ratio0.19-0.02below the sector's middle half▼ 0.170.00below the sector's middle half▼ 0.01
Return on assets (ROA)-8.9%--3.5%below the sector's middle half▲ 5.4pp-2.9%below the sector's middle half▲ 0.7pp
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2019: -€18,455-€18,455Net result 2019: -€30,768-€30,768Operating result 2020: -€3,524-€3,524Net result 2020: -€11,719-€11,719Operating result 2021: -€1,863-€1,863Net result 2021: -€9,484-€9,484201920202021-€40,000-€30,000-€20,000-€10,000€0Operating result 2019: -€18,455-€18,500Net result 2019: -€30,768-€30,800Operating result 2020: -€3,524-€3,520Net result 2020: -€11,719-€11,700Operating result 2021: -€1,863-€1,860Net result 2021: -€9,484-€9,480201920202021
The operating result stays negative: a loss of €1,863 in 2021 against €3,524 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €330,336
Fixed assets €330,000 =
Current assets €336 ▼ 77.5%
Key figures and ratios
2021 value · change against 2020
Debt ≤ 1 year
€90,675▲
2020 · €82,348
Debt > 1 year
€279,232=
2020 · €279,232
Staff costs
€1,089
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 · 2021 against 2020 · 32 lines
Balance sheet Code20202021
Assets
Total assets20/58€331,493€330,336▼
Fixed assets21/28€330,000€330,000=
Financial fixed assets28€330,000€330,000=
Current assets29/58€1,493€336▼
Amounts receivable within one year40/41€1,493€336▼
Other amounts receivable41-€336
Equity and liabilities
Total equity and liabilities10/49€331,493€330,336▼
Equity10/15-€30,088-€39,571▼
Contributions10/11-€12,400
Profit (loss) carried forward14-€42,488-€51,971▼
Amounts payable17/49€361,580€369,907▲
Amounts payable after more than one year17€279,232€279,232=
Financial debts170/4-€279,232
Amounts payable within one year42/48€82,348€90,675▲
Current portion of amounts payable after more than one year42-€9,625
Financial debts43-€447
Credit institutions430/8-€447
Trade debts44€1,921€1,179▼
Suppliers440/4-€1,179
Other amounts payable47/48-€79,424
Income statement Code20202021
Remuneration, social security and pensions62-€1,089
Other operating charges640/8-€198
Gross operating margin9900-€2,812-€575▲
Operating profit (loss)9901-€3,524-€1,863▲
Recurring financial income75€0-
Financial charges65/66B-€7,621
Recurring financial charges65€8,195€7,621▼
Profit (loss) for the period before taxes9903-€11,719-€9,484▲
Profit (loss) for the period9904-€11,719-€9,484▲
Profit (loss) for the period to be appropriated9905-€11,719-€9,484▲
Appropriation of the result
Profit (loss) to be appropriated9906--€51,971
Profit (loss) brought forward from the previous period14P--€42,488

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201920202021Change
Remuneration, social security and pensions62--€1,089-
Other operating charges640/8--€198-
Gross operating margin9900-€16,409-€2,812-€575▲ 79.5%
Operating profit (loss)9901-€18,455-€3,524-€1,863▲ 47.1%
Recurring financial income75-€0--
Financial charges65/66B--€7,621-
Recurring financial charges65€12,313€8,195€7,621▼ 7.0%
Profit (loss) for the period before taxes9903-€30,768-€11,719-€9,484▲ 19.1%
Profit (loss) for the period9904-€30,768-€11,719-€9,484▲ 19.1%
Profit (loss) for the period to be appropriated9905-€30,768-€11,719-€9,484▲ 19.1%
Line201920202021Change
Assets
Total assets20/58€346,083€331,493€330,336▼ 0.3%
Fixed assets21/28€330,000€330,000€330,000=
Financial fixed assets28€330,000€330,000€330,000=
Current assets29/58€16,083€1,493€336▼ 77.5%
Amounts receivable within one year40/41€880€1,493€336▼ 77.5%
Other amounts receivable41--€336-
Cash at bank and in hand54/58€14,804---
Equity and liabilities
Total equity and liabilities10/49€346,083€331,493€330,336▼ 0.3%
Equity10/15-€18,368-€30,088-€39,571▼ 31.5%
Contributions10/11€12,400-€12,400-
Profit (loss) carried forward14-€30,768-€42,488-€51,971▼ 22.3%
Amounts payable17/49€364,451€361,580€369,907▲ 2.3%
Amounts payable after more than one year17€279,232€279,232€279,232=
Financial debts170/4--€279,232-
Amounts payable within one year42/48€85,218€82,348€90,675▲ 10.1%
Current portion of amounts payable after more than one year42--€9,625-
Financial debts43--€447-
Credit institutions430/8--€447-
Trade debts44€2,120€1,921€1,179▼ 38.6%
Suppliers440/4--€1,179-
Other amounts payable47/48--€79,424-
Line201920202021Change
Profit (loss) for the period9904-€30,768-€11,719-€9,484▲ 19.1%
Operating cash flow (approximation)-€30,768-€11,719-€9,484▲ 19.1%
Investment in fixed assets (approximation)-€0€0-

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

2023
08-08
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 02-08-2023
2022
29-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
23-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
16-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 47 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Hasselt · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
1,086 m²
Building footprint
896 m²
Volume, LiDAR
2,759 m³
Parcel 71483D0011/00L004, Flanders · tallest building 4.9 m, ±1 floor. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
KPP Management
Kuringersteenweg 518, 3511 HasseltFinancial service activities, except insurance and pension funding
since 20182.277.915.831
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71483D0011/00L004 Flanders 1,086 m² 1 · 896 m² 4.9 m · 1 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

3 mandates
Role Name Tenure
Curator DIRK VAN COPPENOLLE
GENKERSTEENWEG 302, 3500 HASSELT
02-08-2023 → present
Curator FREDERICK VAN COPPE- NOLLE
GENKERSTEENWEG 302, 3500 HASSELT- frederick@van- coppenolle.be
02-08-2023 → present
Curator SOFIE REPRIELS
GENKERSTEENWEG 302, 3500 HASSELT
02-08-2023 → present

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,728 companies in sector 64210 we hold annual accounts for 19,800. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded25-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
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 29 September 2026 · Peppol Directory

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