KSTD
Open bankruptcyAre 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
- 7 July 2026
- Supervising judge
- Marleen Mannekens
- Official Gazette
- 14-07-2026 (pdf) ↗search the document for 2026/132002
Deadlines
- Provisional date payments stopped
- 7 July 2026A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 29 July 2026Fifteen 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 6 August 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 11 August 2026Reclaim 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
- 7 July 2027A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Nicolas ClaerhoutKerkstraat 3, 9950 Waar- Schootnicolas@corecht.be
What to do now
- Stop delivering on credit unless the trustee agrees.
- 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, subject to conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything; once a deadline has passed, it is too late for that step.
File a claim 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
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110
1 site
Size
€639,100total assets 2024
- Equity
- €413,304
- Profit
- €463,260
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
1 of 5 deeds read
Signalsraises riskOpen bankruptcyAdministrative warnings in the KBO publicationsneutralFiled after the deadlineShow the evidence
Signals
Three signals.
raises riskneutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 28-02-2025, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
28 days late
2023
on the day
2022
2 days early
2021
18 days 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 11 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
- OpeningEnterprise Court of Ghent, Ghent…
- Address struckKBO administration
- Resignation: WASEQH, Shogofa (director)Director discharge · Power of…
Financials · financial year 2024, micro format
2024 annual accounts filed late (28 days) Filed on 28 February 2025, deadline 31 January 2025 (7 months after the close on 30 June 2024, Companies Code art. 3:10). Source: NBB, 2025-00041023.
Equity
€413,304
2023 · -€49,956
Total assets
€639,100▲ 115%
2023 · €297,687
Net result
€463,260
2023 · -€24,927
Working capital
€448,876
2023 · -€102,184
Trend over the years
2021 to 2024, 4 financial years
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 83,863% above 2023 and is the highest 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€470,913
2024
Net result€463,260
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€639,100
2024
Equity€413,304
2024
Debt€225,796
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€448,876
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)72.5%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency64.7%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.36
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)2.7
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: 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
Line2021202220232024
Operating result-€14,349--€18,170▼ 26.6%€561€470,913▲ 83,863%
Net result-€40,352below the sector's middle half--€25,676below the sector's middle half▲ 36.4%-€24,927below the sector's middle half▲ 2.9%€463,260above the sector's middle half
Equity€648below the sector's middle half--€25,029below the sector's middle half-€49,956below the sector's middle half▼ 99.6%€413,304above the sector's middle half
Total assets€297,976within the sector's middle half-€268,773within the sector's middle half▼ 9.8%€297,687within the sector's middle half▲ 10.8%€639,100above the sector's middle half▲ 115%
Debt€297,328-€293,802▼ 1.2%€347,643▲ 18.3%€225,796▼ 35.0%
Working capital-€45,743below the sector's middle half--€70,448below the sector's middle half▼ 54.0%-€102,184below the sector's middle half▼ 45.0%€448,876above the sector's middle half
Solvency0.2%below the sector's middle half--9.3%below the sector's middle half▼ 9.5pp-16.8%below the sector's middle half▼ 7.5pp64.7%above the sector's middle half▲ 81.5pp
Current ratio0.75below the sector's middle half-0.66below the sector's middle half▼ 0.090.64below the sector's middle half▼ 0.023.36above the sector's middle half▲ 2.72
Return on assets (ROA)-13.5%below the sector's middle half--9.6%below the sector's middle half▲ 4.0pp-8.4%below the sector's middle half▲ 1.2pp72.5%above the sector's middle half▲ 80.9pp
Staff (FTE)2.3-2.7▲ 17.4%
above
within
below
the middle half of NACE 47, Retail trade: 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
Equity and liabilities €639,100
Equity
€413,304
Debt
€225,796
Debt finances 35.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€502,090▲
2023 · €31,333
Cash flow
€494,438▲
2023 · €5,844
Debt to equity
0.55
ROE
112.1%
Interest coverage
65.45▲
2023 · 1.23
Debt ≤ 1 year
€190,224▼
2023 · €286,108
Debt > 1 year
€35,572▼
2023 · €61,535
Staff costs
€102,742▲
2023 · €86,028
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 | - | €60,784 | €86,028 | €102,742 | ▲ 19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,891 | €30,210 | €30,772 | €31,178 | ▲ 1.3% |
| Other operating charges640/8 | - | €440 | €3,935 | €5,490 | ▲ 39.5% |
| Non-recurring operating charges66A | - | - | - | €83,913 | - |
| Gross operating margin9900 | €127,454 | €73,263 | €121,295 | €694,236 | ▲ 472% |
| Operating profit (loss)9901 | -€14,349 | -€18,170 | €561 | €470,913 | ▲ 83,863% |
| Financial income75/76B | - | €1,665 | - | €19 | - |
| Recurring financial income75 | €11 | €1,665 | - | €19 | - |
| Financial charges65/66B | - | €9,171 | €25,488 | €7,671 | ▼ 69.9% |
| Recurring financial charges65 | €26,014 | €9,171 | €25,488 | €7,671 | ▼ 69.9% |
| Profit (loss) for the period before taxes9903 | -€40,352 | -€25,676 | -€24,927 | €463,260 | - |
| Profit (loss) for the period9904 | -€40,352 | -€25,676 | -€24,927 | €463,260 | - |
| Profit (loss) for the period to be appropriated9905 | -€40,352 | -€25,676 | -€24,927 | €463,260 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €297,976 | €268,773 | €297,687 | €639,100 | ▲ 115% |
| Fixed assets21/28 | €161,980 | €132,315 | €113,763 | - | - |
| Intangible fixed assets21 | €2,507 | €841 | - | - | - |
| Tangible fixed assets22/27 | €159,473 | €131,475 | €113,763 | - | - |
| Plant, machinery and equipment23 | - | €120,133 | €100,655 | - | - |
| Furniture and vehicles24 | - | €10,797 | €12,720 | - | - |
| Other tangible fixed assets26 | - | €545 | €388 | - | - |
| Current assets29/58 | €135,995 | €136,457 | €183,924 | €639,100 | ▲ 247% |
| Amounts receivable after more than one year29 | - | - | €111,765 | €111,765 | = |
| Other amounts receivable291 | - | - | €111,765 | €111,765 | = |
| Stocks and contracts in progress3 | €44,932 | €39,931 | €58,398 | - | - |
| Stocks30/36 | - | €39,931 | €58,398 | - | - |
| Amounts receivable within one year40/41 | €21,414 | €63,047 | €1,224 | €338,132 | ▲ 27,520% |
| Trade receivables40 | - | €1,115 | - | €269 | - |
| Other amounts receivable41 | - | €61,931 | €1,224 | €337,863 | ▲ 27,498% |
| Cash at bank and in hand54/58 | €66,618 | €33,480 | €12,463 | €188,264 | ▲ 1,411% |
| Deferred charges and accrued income490/1 | - | - | €74 | €939 | ▲ 1,174% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €297,976 | €268,773 | €297,687 | €639,100 | ▲ 115% |
| Equity10/15 | €648 | -€25,029 | -€49,956 | €413,304 | - |
| Contributions10/11 | €41,000 | €41,000 | €41,000 | €41,000 | = |
| Capital10 | - | €41,000 | - | - | - |
| Issued capital100 | - | €41,000 | - | - | - |
| Profit (loss) carried forward14 | -€40,352 | -€66,029 | -€90,956 | €372,304 | - |
| Amounts payable17/49 | €297,328 | €293,802 | €347,643 | €225,796 | ▼ 35.0% |
| Amounts payable after more than one year17 | €111,678 | €86,896 | €61,535 | €35,572 | ▼ 42.2% |
| Financial debts170/4 | - | €86,896 | €61,535 | €35,572 | ▼ 42.2% |
| Amounts payable within one year42/48 | €181,738 | €206,905 | €286,108 | €190,224 | ▼ 33.5% |
| Current portion of amounts payable after more than one year42 | - | €24,781 | €25,361 | €25,963 | ▲ 2.4% |
| Trade debts44 | €138,326 | €169,211 | €237,983 | €139,969 | ▼ 41.2% |
| Suppliers440/4 | - | €169,211 | €237,983 | €139,969 | ▼ 41.2% |
| Taxes, remuneration and social security45 | - | €12,913 | €22,764 | €24,292 | ▲ 6.7% |
| Taxes450/3 | - | €557 | €2,458 | €4,195 | ▲ 70.7% |
| Remuneration and social security454/9 | - | €12,355 | €20,306 | €20,097 | ▼ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€40,352 | -€25,676 | -€24,927 | €463,260 | - |
| + Depreciation and write-downs630 | €35,891 | €30,210 | €30,772 | €31,178 | ▲ 1.3% |
| Operating cash flow (approximation) | -€4,461 | €4,533 | €5,844 | €494,438 | ▲ 8,360% |
| Investment in fixed assets (approximation) | - | -€545 | -€12,220 | - | - |
| Change in cash | - | -€33,138 | -€21,017 | €175,801 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2024 | micro format | 28-02-2025 | 2025-00041023 |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00017817 |
| 30-06-2022 | micro format | 29-01-2023 | 2023-00008298 |
| 30-06-2021 | micro format | 18-02-2022 | 2022-05900223 |
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Of the 10,318 active companies whose main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110), figures are known for 5,847. 3,408 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
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: 1 of 5 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Nicolas Claerhout Kerkstraat 3, 9950 Waar- Schoot |
07-07-2026 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2026
14-07
Bankruptcy
Opening
Enterprise Court of Ghent, Ghent division · judgment of 07-07-2026
2025
08-12
KBO administration
Address struck
28-05
Gazette deed
Resignation: WASEQH, Shogofa (director)Director discharge · Power of attorney · Registered-office move9 facts ▸
Gazette deed
Resignation: WASEQH, Shogofa (director)
Director discharge · Power of attorney · Registered-office move9 facts ▸
- Director resignation, WASEQH, Shogofa (director)
- Director discharge, WASEQH, Shogofa
- Power of attorney
- Power of attorney, Rembert VAN BAEL
- General meeting, “bij uittreksel, na beraadslaging over de agendapunten” (deed in Dutch)
- Registered-office move, Durmakker 6M te 9940 Evergem
- Other provision, “vrijstelling voorlezing verslag bestuursorgaan, TWEEDE BESLISSING-wijziging voorwerp” (deed in Dutch)
- Purpose change
- Amendment of the articles, “Artikel 3” (deed in Dutch)
28-02
NBB filing
Annual accounts filed
financial year 2024 · micro format · 28 days late
2024
30-06
Financial
Back to profitnet €463,260
Net result €463,260 after 3 loss-making years.
30-06
Financial
Liquidity more than 5 timescurrent ratio 3.36
Current ratio from 0.64 to 3.36; short-term debt falls from €286,108 to €190,224.
30-06
Financial
Equity above €200,000equity €413,304
Equity rises from -€49,956 to €413,304.
31-01
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
29-01
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
18-02
NBB filing
Annual accounts filed
financial year 2021 · micro format · 18 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 5 deeds read
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded05-08-2019
Financial year end30-06
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
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 14 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBoortmeerbeekunit no. 2.292.391.201
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Evergem · 1 establishment unit since 2019
Ground area
1.2 ha
Building footprint
2,859 m²
Building volume
21,372 m³
2 parcels, Flanders · tallest building 8.4 m. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
KSTD
since 2019unit no. 2.292.391.201
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44302E0477/00E002 | Flanders | 9,207 m² | 1 · 2,859 m² | 8.4 m · 3 |
| 24014A0309/00H002 | Flanders | 2,450 m² | - | - |
How the parcels are linked
Good to know
Both parcels match the address exactly.