KR1
Open bankruptcyA bankruptcy procedure is open for KR1 according to publications in the Belgian State Gazette; curator: FILIP SELS.
Summary
The 2022 annual accounts show equity of €13,104 and a net result of -€5,551.
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, Antwerp division
- Declared bankrupt
- 27 June 2024
- Supervising judge
- Benoit Ide
- Official Gazette
- 03-07-2024 (pdf) ↗search the document for 2024/127636
Curator
- Filip SelsHemelstraat 3, 2018 Antwerpen 1filip@selslaw.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 ↗
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
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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 31-12-2022 was due by 31-07-2023 and was filed on 29-08-2023, 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
29 d late
2021
226 d late
2020
307 d late
2019
672 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 309 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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?Address check Are there other customers at risk in your own list?Debtor check How is the Cafés and bars sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€13,104▼ 29.8%
2021 · €18,655
Total assets
€50,440▲ 9.4%
2021 · €46,104
Net result
-€5,551
2021 · €2,422
Working capital
€9,731▼ 42.9%
2021 · €17,037
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
Line2019202020212022
Operating result€1,487--€3,185€3,336-€4,122
Net result€1,334--€3,701€2,422-€5,551
Equity€19,934-€16,233▼ 18.6%€18,655▲ 14.9%€13,104▼ 29.8%
Total assets€21,244-€21,386▲ 0.7%€46,104▲ 116%€50,440▲ 9.4%
Debt€1,310-€5,153▲ 293%€27,449▲ 433%€37,336▲ 36.0%
Working capital€17,418-€13,866▼ 20.4%€17,037▲ 22.9%€9,731▼ 42.9%
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 2022: a loss of €4,122 after €3,336 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €50,440
Fixed assets
€3,373 ▲ 108%
Current assets
€47,067 ▲ 5.8%
Equity and liabilities €50,440
Equity
€13,104 ▼ 29.8%
Debt
€37,336 ▲ 36.0%
Debt's share of the balance-sheet total rises from 59.5% to 74.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,180▼
2021 · €4,085
Cash flow
-€4,610▼
2021 · €3,171
Current ratio
1.26▼
2021 · 1.62
Quick ratio
0.93▼
2021 · 1.43
Debt to equity
2.85▲
2021 · 1.47
ROE
-42.4%▼
2021 · 13.0%
ROA
-11.0%▼
2021 · 5.3%
Interest coverage
-2.22▼
2021 · 6.37
Debt ≤ 1 year
€37,336▲
2021 · €27,449
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,363 | €749 | €749 | €941 | ▲ 25.7% |
| Other operating charges640/8 | €954 | €1,170 | €4,700 | €17,048 | ▲ 263% |
| Gross operating margin9900 | €3,803 | -€1,267 | €8,785 | €13,868 | ▲ 57.9% |
| Operating profit (loss)9901 | €1,487 | -€3,185 | €3,336 | -€4,122 | ▼ 224% |
| Financial income75/76B | €12 | €0 | - | €0 | - |
| Recurring financial income75 | €12 | €0 | - | €0 | - |
| Financial charges65/66B | €165 | €516 | €641 | €1,430 | ▲ 123% |
| Recurring financial charges65 | €165 | €516 | €641 | €1,430 | ▲ 123% |
| Profit (loss) for the period before taxes9903 | €1,334 | -€3,701 | €2,694 | -€5,551 | ▼ 306% |
| Income taxes67/77 | - | - | €272 | - | - |
| Profit (loss) for the period9904 | €1,334 | -€3,701 | €2,422 | -€5,551 | ▼ 329% |
| Profit (loss) for the period to be appropriated9905 | €1,334 | -€3,701 | €2,422 | -€5,551 | ▼ 329% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €21,244 | €21,386 | €46,104 | €50,440 | ▲ 9.4% |
| Fixed assets21/28 | €2,516 | €2,367 | €1,618 | €3,373 | ▲ 108% |
| Tangible fixed assets22/27 | €2,516 | €2,367 | €1,618 | €3,373 | ▲ 108% |
| Plant, machinery and equipment23 | €612 | €939 | €666 | €817 | ▲ 22.7% |
| Furniture and vehicles24 | €1,904 | €1,428 | €952 | €2,556 | ▲ 169% |
| Current assets29/58 | €18,728 | €19,019 | €44,486 | €47,067 | ▲ 5.8% |
| Stocks and contracts in progress3 | €4,700 | €4,700 | €5,311 | €12,460 | ▲ 135% |
| Stocks30/36 | €4,700 | €4,700 | €5,311 | €12,460 | ▲ 135% |
| Amounts receivable within one year40/41 | €232 | €2,319 | €464 | €19,275 | ▲ 4,054% |
| Other amounts receivable41 | €232 | €2,319 | €464 | €19,275 | ▲ 4,054% |
| Current investments50/53 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Cash at bank and in hand54/58 | €1,796 | - | €26,711 | €3,332 | ▼ 87.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €21,244 | €21,386 | €46,104 | €50,440 | ▲ 9.4% |
| Equity10/15 | €19,934 | €16,233 | €18,655 | €13,104 | ▼ 29.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,334 | €1,334 | €1,334 | €1,334 | = |
| Non-distributable reserves130/1 | €1,334 | €1,334 | €1,334 | €1,334 | = |
| Legal reserve130 | €1,334 | €1,334 | €1,334 | €1,334 | = |
| Profit (loss) carried forward14 | - | -€3,701 | -€1,279 | -€6,830 | ▼ 434% |
| Amounts payable17/49 | €1,310 | €5,153 | €27,449 | €37,336 | ▲ 36.0% |
| Amounts payable within one year42/48 | €1,310 | €5,153 | €27,449 | €37,336 | ▲ 36.0% |
| Current portion of amounts payable after more than one year42 | - | - | €10,000 | €17,300 | ▲ 73.0% |
| Financial debts43 | - | €5,153 | - | €4,986 | - |
| Credit institutions430/8 | - | €5,153 | - | €4,986 | - |
| Trade debts44 | €1,310 | - | €17,449 | €3,589 | ▼ 79.4% |
| Suppliers440/4 | €1,310 | - | €17,449 | €3,589 | ▼ 79.4% |
| Taxes, remuneration and social security45 | - | - | - | €1,460 | - |
| Taxes450/3 | - | - | - | €1,460 | - |
| Other amounts payable47/48 | - | - | - | €10,000 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,334 | -€3,701 | €2,422 | -€5,551 | ▼ 329% |
| + Depreciation and write-downs630 | €1,363 | €749 | €749 | €941 | ▲ 25.7% |
| Operating cash flow (approximation) | €2,697 | -€2,952 | €3,171 | -€4,610 | ▼ 245% |
| Investment in fixed assets (approximation) | - | -€600 | €0 | -€2,696 | - |
| Change in cash | - | - | - | -€23,380 | - |
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
03-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 27-06-2024
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
14-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 226 days late
2022
31-12
Financial
Weakest financial yearnet -€5,551
Net result drops to -€5,551, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 307 days late
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 672 days late
2021
31-12
Financial
Back to profitnet €2,422
Net result €2,422 after one loss-making year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mechelen · 1 establishment unit since 2023
Ground area
2,050 m²
Building footprint
1,809 m²
Parcel 12025C0760/00X000, Flanders. Linked by address, not a title deed.
56
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20232.346.721.493
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025C0760/00X000 | Flanders | 2,050 m² | 1 · 1,809 m² | - |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FILIP SELS HEMELSTRAAT 3, 2018 ANTWERPEN 1- |
27-06-2024 → present |
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 3,758 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
Founded17-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
47621Retail sale of newspapers and periodicals
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 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.