Kwonghua
Open bankruptcyA bankruptcy procedure is open for Kwonghua according to publications in the Belgian State Gazette; curator: PAULINE REBRY.
Summary
The 2022 annual accounts show equity of €130,762 and a net result of -€42,436.
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, Bruges division
- Declared bankrupt
- 8 August 2023
- Supervising judge
- Stephan Van Merris
- Official Gazette
- 14-08-2023 (pdf) ↗search the document for 2023/131621
Deadlines
- Provisional date payments stopped
- 8 August 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 29 August 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 7 September 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 18 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 8 August 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Pauline RebryOude Gentweg 81, 8820 Torhoutpauline@advocaatvanhee.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 · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-07-2023, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
6 d early
2021
2 d early
2020
11 d late
2019
98 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 25 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?Addresses Are there other customers at risk in your own list?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€130,762▼ 24.5%
2021 · €173,198
Total assets
€252,400▼ 34.0%
2021 · €382,699
Net result
-€42,436
2021 · €77,186
Working capital
€13,732▼ 59.7%
2021 · €34,073
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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€20,730--€43,346€58,677€100,272▲ 70.9%-€38,204
Net result€20,430--€45,036€56,042above the sector's middle half€77,186above the sector's middle half▲ 37.7%-€42,436below the sector's middle half
Equity€85,007-€39,971▼ 53.0%€96,012above the sector's middle half▲ 140%€173,198above the sector's middle half▲ 80.4%€130,762above the sector's middle half▼ 24.5%
Total assets€91,127-€314,161▲ 245%€260,375above the sector's middle half▼ 17.1%€382,699above the sector's middle half▲ 47.0%€252,400above the sector's middle half▼ 34.0%
Debt€6,120-€274,191▲ 4,380%€164,362▼ 40.1%€209,501▲ 27.5%€121,638▼ 41.9%
Working capital€85,496--€113,746-€49,857below the sector's middle half▲ 56.2%€34,073within the sector's middle half€13,732within the sector's middle half▼ 59.7%
Solvency93.3%-12.7%▼ 80.6pp36.9%within the sector's middle half▲ 24.2pp45.3%within the sector's middle half▲ 8.4pp51.8%within the sector's middle half▲ 6.6pp
Current ratio17.17-0.58▼ 16.590.70within the sector's middle half▲ 0.121.17within the sector's middle half▲ 0.481.12within the sector's middle half▼ 0.05
Return on assets (ROA)22.4%--14.3%▼ 36.8pp21.5%above the sector's middle half▲ 35.9pp20.2%within the sector's middle half▼ 1.4pp-16.8%below the sector's middle half▼ 37.0pp
Staff (FTE)0.4-2.3▲ 475%3.5within the sector's middle half▲ 52.2%4.8▲ 37.1%7.6▲ 58.3%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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 2022: a loss of €38,204 after €100,272 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €252,400
Fixed assets
€127,370 ▼ 16.8%
Current assets
€125,030 ▼ 45.6%
Equity and liabilities €252,400
Equity
€130,762 ▼ 24.5%
Debt
€121,638 ▼ 41.9%
Debt's share of the balance-sheet total falls from 54.7% to 48.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€23,742▼
2021 · €114,331
Cash flow
-€27,975▼
2021 · €91,245
Quick ratio
1.07▼
2021 · 1.15
Debt to equity
0.93▼
2021 · 1.21
ROE
-32.5%▼
2021 · 44.6%
Interest coverage
-5.29▼
2021 · 23.25
Debt ≤ 1 year
€111,298▼
2021 · €195,580
Debt > 1 year
€10,340▼
2021 · €13,921
Income taxes
€249▼
2021 · €18,169
Staff costs
€129,008▲
2021 · €73,634
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,691 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €73,634 | €129,008 | ▲ 75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €13,000 | €13,000 | €14,059 | €14,461 | ▲ 2.9% |
| Other operating charges640/8 | - | - | - | €176 | €17,766 | ▲ 9,989% |
| Gross operating margin9900 | €27,760 | €44,243 | €126,566 | €188,141 | €123,032 | ▼ 34.6% |
| Operating profit (loss)9901 | €20,730 | -€43,346 | €58,677 | €100,272 | -€38,204 | ▼ 138% |
| Financial income75/76B | - | - | - | - | €508 | - |
| Recurring financial income75 | €53 | €97 | €1 | - | €508 | - |
| Financial charges65/66B | - | - | - | €4,917 | €4,491 | ▼ 8.6% |
| Recurring financial charges65 | €166 | €1,670 | €2,520 | €4,917 | €4,491 | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €20,618 | -€44,919 | €56,158 | €95,355 | -€42,187 | ▼ 144% |
| Income taxes67/77 | €188 | €117 | €116 | €18,169 | €249 | ▼ 98.6% |
| Profit (loss) for the period9904 | €20,430 | -€45,036 | €56,042 | €77,186 | -€42,436 | ▼ 155% |
| Profit (loss) for the period to be appropriated9905 | €20,430 | -€45,036 | €56,042 | €77,186 | -€42,436 | ▼ 155% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,127 | €314,161 | €260,375 | €382,699 | €252,400 | ▼ 34.0% |
| Fixed assets21/28 | €343 | €159,174 | €145,869 | €153,047 | €127,370 | ▼ 16.8% |
| Intangible fixed assets21 | - | €36,000 | €32,000 | €28,000 | €24,000 | ▼ 14.3% |
| Tangible fixed assets22/27 | - | €68,830 | €59,830 | €71,008 | €49,338 | ▼ 30.5% |
| Plant, machinery and equipment23 | - | - | - | €30,459 | €15,729 | ▼ 48.4% |
| Furniture and vehicles24 | - | - | - | €25,631 | €15,930 | ▼ 37.8% |
| Other tangible fixed assets26 | - | - | - | €14,918 | €17,678 | ▲ 18.5% |
| Financial fixed assets28 | €343 | €54,343 | €54,039 | €54,039 | €54,032 | = |
| Current assets29/58 | €90,784 | €154,988 | €114,506 | €229,653 | €125,030 | ▼ 45.6% |
| Stocks and contracts in progress3 | - | €5,160 | €4,990 | €4,990 | €5,640 | ▲ 13.0% |
| Stocks30/36 | - | - | - | €4,990 | €5,640 | ▲ 13.0% |
| Amounts receivable within one year40/41 | €6,892 | €32,333 | €14,567 | €1,778 | €17,338 | ▲ 875% |
| Trade receivables40 | - | - | - | €1,759 | €4,132 | ▲ 135% |
| Other amounts receivable41 | - | - | - | €19 | €13,206 | ▲ 71,131% |
| Cash at bank and in hand54/58 | €83,891 | €89,938 | €94,949 | €221,639 | €85,823 | ▼ 61.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,246 | €16,229 | ▲ 1,202% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,127 | €314,161 | €260,375 | €382,699 | €252,400 | ▼ 34.0% |
| Equity10/15 | €85,007 | €39,971 | €96,012 | €173,198 | €130,762 | ▼ 24.5% |
| Contributions10/11 | €90,000 | €90,000 | - | €90,000 | €90,000 | = |
| Reserves13 | - | - | €6,012 | €83,198 | €83,198 | = |
| Distributable reserves133 | - | - | - | €83,198 | €83,198 | = |
| Profit (loss) carried forward14 | -€4,993 | -€50,029 | -€4,993 | - | -€42,436 | - |
| Amounts payable17/49 | €6,120 | €274,191 | €164,362 | €209,501 | €121,638 | ▼ 41.9% |
| Amounts payable after more than one year17 | - | €5,457 | - | €13,921 | €10,340 | ▼ 25.7% |
| Financial debts170/4 | - | - | - | €13,921 | €10,340 | ▼ 25.7% |
| Amounts payable within one year42/48 | €5,288 | €268,733 | €164,362 | €195,580 | €111,298 | ▼ 43.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,596 | €3,631 | ▲ 1.0% |
| Trade debts44 | €4,074 | €65,320 | €21,665 | €41,210 | €32,966 | ▼ 20.0% |
| Suppliers440/4 | - | - | - | €41,210 | €32,966 | ▼ 20.0% |
| Taxes, remuneration and social security45 | - | - | - | €33,618 | €43,627 | ▲ 29.8% |
| Taxes450/3 | - | - | - | €21,280 | €20,101 | ▼ 5.5% |
| Remuneration and social security454/9 | - | - | - | €12,338 | €23,526 | ▲ 90.7% |
| Other amounts payable47/48 | - | - | - | €117,155 | €31,075 | ▼ 73.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,430 | -€45,036 | €56,042 | €77,186 | -€42,436 | ▼ 155% |
| + Depreciation and write-downs630 | - | €13,000 | €13,000 | €14,059 | €14,461 | ▲ 2.9% |
| Operating cash flow (approximation) | €20,430 | -€32,036 | €69,041 | €91,245 | -€27,975 | ▼ 131% |
| Investment in fixed assets (approximation) | - | -€171,830 | €305 | -€21,237 | €11,215 | ▲ 153% |
| Change in cash | - | €6,046 | €5,011 | €126,690 | -€135,816 | ▼ 207% |
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
2023
14-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 08-08-2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €77,186 ▲37.7%
Operating result €100,272, net result €77,186, both a record.
31-12
Financial
Equity above €150,000Eq €173,198 ▲80.4%
2 profitable years in a row build equity to €173,198.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Back to profitnet €56,042
Net result €56,042 after one loss-making year.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Weakest financial yearnet -€45,036
Net result drops to -€45,036, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Show earlier events
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Brugge · 1 establishment unit since 2011
Ground area
1,068 m²
Building footprint
2,166 m²
Volume, LiDAR
11,782 m³
Parcel 31433D0011/00T016, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Maalse Steenweg 104, 8310 Brugge
since 20112.202.841.888
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31433D0011/00T016 | Flanders | 1,068 m² | 1 · 2,166 m² | 7.0 m · 2 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 | PAULINE REBRY OUDE GENTWEG 81, 8820 TORHOUT- |
08-08-2023 → present |
Recognitions · licences · registrations
Dual-learning approval
6 endedHulpkok (so)
Keukenmedewerker (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Medewerker fastfood (vwo)
Medewerker fastfood duaal (so)
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 9,248 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 (pre-2019)
Founded22-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
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.