KUYLE
Bankruptcy closedInactive since 16-04-2026; last annual accounts for fiscal year 2022.
Summary
KUYLE was declared bankrupt on 12-12-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 14-04-2026, published in the Belgian State Gazette on 17-04-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 20-07-2023, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
11 d early
2021
31 d late
2020
69 d late
2019
61 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 38 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide 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?List enrichment How is the Wholesale of other food products sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Equity
-€258,432▼ 111%
2021 · -€122,327
Total assets
€268,241▼ 29.8%
2021 · €381,950
Net result
-€136,105▼ 248%
2021 · -€39,161
Working capital
-€123,608
2021 · €11,168
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20182019202020212022
Operating result€6,274--€82,902€56,635-€29,156-€125,884▼ 332%
Net result€3,172--€117,265€45,859within the sector's middle half-€39,161below the sector's middle half-€136,105below the sector's middle half▼ 248%
Equity-€11,760--€129,024▼ 997%-€83,166below the sector's middle half▲ 35.5%-€122,327below the sector's middle half▼ 47.1%-€258,432below the sector's middle half▼ 111%
Total assets€531,601-€413,915▼ 22.1%€365,747below the sector's middle half▼ 11.6%€381,950below the sector's middle half▲ 4.4%€268,241below the sector's middle half▼ 29.8%
Debt€543,360-€542,940▼ 0.1%€448,913▼ 17.3%€504,277▲ 12.3%€526,673▲ 4.4%
Working capital€145,772-€62,641▼ 57.0%€125,776within the sector's middle half▲ 101%€11,168below the sector's middle half▼ 91.1%-€123,608below the sector's middle half
Solvency-2.2%--31.2%▼ 29.0pp-22.7%below the sector's middle half▲ 8.4pp-32.0%below the sector's middle half▼ 9.3pp-96.3%below the sector's middle half▼ 64.3pp
Current ratio1.71-1.26▼ 0.451.76within the sector's middle half▲ 0.501.04below the sector's middle half▼ 0.720.65below the sector's middle half▼ 0.39
Return on assets (ROA)0.6%--28.3%▼ 28.9pp12.5%above the sector's middle half▲ 40.9pp-10.3%below the sector's middle half▼ 22.8pp-50.7%below the sector's middle half▼ 40.5pp
Staff (FTE)8.3-5.1▼ 38.6%4within the sector's middle half▼ 21.6%3.3within the sector's middle half▼ 17.5%3.2within the sector's middle half▼ 3.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €125,884 in 2022 against €29,156 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €268,241
Fixed assets
€42,904 ▼ 45.2%
Current assets
€225,337 ▼ 25.8%
Key figures and ratios
EBITDA
-€84,416▼
2021 · €12,025
Cash flow
-€94,637▼
2021 · €2,020
Quick ratio
0.22▼
2021 · 0.52
Debt to equity
-2.04▲
2021 · -4.12
Interest coverage
-6.66▼
2021 · 1.15
Debt ≤ 1 year
€348,945▲
2021 · €292,558
Debt > 1 year
€173,855▼
2021 · €210,632
Income taxes
€558▲
2021 · €235
Staff costs
€128,670▼
2021 · €129,769
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €129,769 | €128,670 | ▼ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,992 | €44,607 | €40,637 | €41,181 | €41,468 | ▲ 0.7% |
| Other operating charges640/8 | - | - | - | €9,806 | €6,149 | ▼ 37.3% |
| Gross operating margin9900 | €306,430 | €167,971 | €238,926 | €151,600 | €50,404 | ▼ 66.8% |
| Operating profit (loss)9901 | €6,274 | -€82,902 | €56,635 | -€29,156 | -€125,884 | ▼ 332% |
| Financial income75/76B | - | - | - | €651 | €3,424 | ▲ 426% |
| Recurring financial income75 | €11,874 | €2,934 | €2,154 | €651 | €3,424 | ▲ 426% |
| Financial charges65/66B | - | - | - | €10,422 | €13,087 | ▲ 25.6% |
| Recurring financial charges65 | €14,975 | €26,442 | €12,701 | €10,422 | €12,676 | ▲ 21.6% |
| Non-recurring financial charges66B | - | - | - | - | €411 | - |
| Profit (loss) for the period before taxes9903 | €3,172 | -€116,917 | €46,087 | -€38,926 | -€135,547 | ▼ 248% |
| Income taxes67/77 | €0 | €348 | €228 | €235 | €558 | ▲ 138% |
| Profit (loss) for the period9904 | €3,172 | -€117,265 | €45,859 | -€39,161 | -€136,105 | ▼ 248% |
| Profit (loss) for the period to be appropriated9905 | €3,172 | -€117,265 | €45,859 | -€39,161 | -€136,105 | ▼ 248% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €531,601 | €413,915 | €365,747 | €381,950 | €268,241 | ▼ 29.8% |
| Fixed assets21/28 | €181,431 | €109,577 | €74,951 | €78,224 | €42,904 | ▼ 45.2% |
| Tangible fixed assets22/27 | €180,961 | €109,007 | €74,381 | €77,654 | €42,334 | ▼ 45.5% |
| Plant, machinery and equipment23 | - | - | - | €20,170 | €19,734 | ▼ 2.2% |
| Furniture and vehicles24 | - | - | - | €27,004 | €20,888 | ▼ 22.6% |
| Other tangible fixed assets26 | - | - | - | €30,480 | €1,712 | ▼ 94.4% |
| Financial fixed assets28 | €470 | €570 | €570 | €570 | €570 | = |
| Current assets29/58 | €350,170 | €304,338 | €290,796 | €303,726 | €225,337 | ▼ 25.8% |
| Stocks and contracts in progress3 | €227,942 | €185,204 | €180,004 | €151,679 | €148,907 | ▼ 1.8% |
| Stocks30/36 | - | - | - | €151,679 | €148,907 | ▼ 1.8% |
| Amounts receivable within one year40/41 | €60,231 | €79,865 | €50,895 | €125,906 | €46,475 | ▼ 63.1% |
| Trade receivables40 | - | - | - | €96,901 | €5,339 | ▼ 94.5% |
| Other amounts receivable41 | - | - | - | €29,005 | €41,136 | ▲ 41.8% |
| Cash at bank and in hand54/58 | €31,049 | €29,422 | €53,638 | €21,672 | €23,294 | ▲ 7.5% |
| Deferred charges and accrued income490/1 | - | - | - | €4,468 | €6,661 | ▲ 49.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €531,601 | €413,915 | €365,747 | €381,950 | €268,241 | ▼ 29.8% |
| Equity10/15 | -€11,760 | -€129,024 | -€83,166 | -€122,327 | -€258,432 | ▼ 111% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €83,002 | €83,002 | €83,002 | €83,002 | €83,002 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €18,750 | €18,750 | = |
| Distributable reserves133 | - | - | - | €62,392 | €62,392 | = |
| Profit (loss) carried forward14 | -€113,361 | -€230,626 | -€184,767 | -€223,929 | -€360,033 | ▼ 60.8% |
| Amounts payable17/49 | €543,360 | €542,940 | €448,913 | €504,277 | €526,673 | ▲ 4.4% |
| Amounts payable after more than one year17 | €338,963 | €300,788 | €283,056 | €210,632 | €173,855 | ▼ 17.5% |
| Financial debts170/4 | - | - | - | €210,632 | €173,855 | ▼ 17.5% |
| Amounts payable within one year42/48 | €204,398 | €241,697 | €165,020 | €292,558 | €348,945 | ▲ 19.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €36,555 | €36,777 | ▲ 0.6% |
| Financial debts43 | - | - | - | €4,706 | €606 | ▼ 87.1% |
| Credit institutions430/8 | - | - | - | €4,706 | €606 | ▼ 87.1% |
| Trade debts44 | €103,156 | €148,402 | €100,038 | €185,284 | €181,211 | ▼ 2.2% |
| Suppliers440/4 | - | - | - | €185,284 | €181,211 | ▼ 2.2% |
| Taxes, remuneration and social security45 | - | - | - | €17,696 | €6,547 | ▼ 63.0% |
| Taxes450/3 | - | - | - | €11,697 | €831 | ▼ 92.9% |
| Remuneration and social security454/9 | - | - | - | €5,999 | €5,715 | ▼ 4.7% |
| Other amounts payable47/48 | - | - | - | €48,316 | €123,804 | ▲ 156% |
| Accrued charges and deferred income492/3 | - | - | - | €1,087 | €3,873 | ▲ 256% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,172 | -€117,265 | €45,859 | -€39,161 | -€136,105 | ▼ 248% |
| + Depreciation and write-downs630 | €62,992 | €44,607 | €40,637 | €41,181 | €41,468 | ▲ 0.7% |
| Operating cash flow (approximation) | €66,164 | -€72,658 | €86,496 | €2,020 | -€94,637 | ▼ 4,785% |
| Investment in fixed assets (approximation) | - | €27,247 | -€6,011 | -€44,455 | -€6,148 | ▲ 86.2% |
| Change in cash | - | -€1,627 | €24,217 | -€31,966 | €1,622 | ▲ 105% |
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
2026
17-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 14-04-2026
2024
19-08
Bankruptcy
Date of cessation of payments moved back
Ondernemingsrechtbank Gent, afdeling Gent · event 23-07-2024
2023
27-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 12-12-2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€136,105
Net result drops to -€136,105, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 69 days late
2020
31-12
Financial
Back to profitnet €45,859
Net result €45,859 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Show earlier events
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
15-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
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, Gent
Ground area
842 m²
Building footprint
784 m²
Volume, LiDAR
8,585 m³
Parcel 44805E1024/00G000, Flanders · tallest building 20.5 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E1024/00G000 | Flanders | 841 m² | 1 · 784 m² | 20.5 m · 5 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 | MATTHIAS GESQUIERE MAALTEMEERS 84, 9051 1
GENT (SINT-DENIJS-WESTREM) |
12-12-2023 → 14-04-2026 |
Structure & network
Owners and holdings
1 ownerChain of control
- POLTERMANN
- KUYLE
Highest known parent: POLTERMANN. The sources do not say who stands above it.
Owners 1
- POLTERMANNparentSourceaccounts POLTERMANN 202299%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,424 companies in sector 46389 we hold annual accounts for 856. 345 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-01-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
46900Non-specialised wholesale trade
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.