Equity
-€249,811 from €428,566 in 2011
Equity fell below zero in 2014.
LABAGE
Information for creditors
Enterprise Court of Liège · Official Gazette of 28-12-2018Opened on 21 December 2018 · moratorium passed on 21 June 2019
Steps, deadlines and articles of law
The procedure
- Track
- Reorganisation by collective agreement
- Docket number
- 20180080
- Moratorium until
- 21 June 2019 (passed, unless a later judgment extended it)
- Creditors' vote
- 5 June 2019
- Delegated judge
- Anne-Michele Fastre
- Official Gazette
- 28-12-2018search the document for 2018/155283
Steps for a creditor
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for. It has to tell you. Dispute a wrong amount in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium. Agree clear payment terms for it.
- The file is in RegSol, where you can read the documents of the procedure.
The judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
Follow
Follow this reorganisation and you are notified of an extension, the court's approval, the closure or a bankruptcy.
This is general information, not legal advice. If in doubt, your lawyer or your accountant can help.
Lifetime
13 annual accounts with figures on one time axis, 16 filings since 2003peak €238,261 (2009)
€125,581▼ 28.0%
lowest -€171,376 (2012)
-€128,404▼ €79,303
peak €428,566 (2011)
-€249,811▼ €26,404
€481,071▲ 0.7%
peak 5.5 FTE (2010)
2 FTEunchanged
Board2 names since 2018
-
Owners3 names in the annual accounts
37.55%NOSHAQ and 2 others
Documentsfilings and deeds
19-11-201873 days before the deadline
2018micro format
Judicial reorganisation opened 28-12Gross margin from €174,439 to €125,581Loss of €128,4041 director appointed, 1 resignation 18-12Cash from €13,527 to €7,660
Key points
from the 2018 annual accounts, the last ones filedLosses
-€1.2m in nine years
Every financial year from 2010 to 2018 closed with a loss. 2012 was the heaviest.
Debts
€481,071 208% of the balance sheet
After one year 31%Within one year 69%
Of this, €330,717 falls due within a year.
Staff
2 FTE from 5.5 in 2010
Between 2010 and 2018, 64% of the full-time equivalents disappeared.
Filings
16 annual accounts since 2003
The last five annual accounts were filed 32 to 73 days before the end of the period.
Final months
59 days from reorganisation to bankruptcy
No score
Signals
Restart pattern
1 indication
A company was founded shortly before or after the bankruptcy of another, with a director in both or at the same registered office.
- BankruptThis companyjudgment 18-02-2019
XC Lab was founded 21 days after the bankruptcy of this company. The annual accounts of both list Square Mile Advisory as director.
- Square Mile Advisory listed as director in the annual accounts of both
This is a pattern, not a judgment. A new start after a bankruptcy is often entirely legitimate. The facts come from the KBO register, the Belgian Official Gazette, the director data and the annual accounts at the NBB. The same name in two sets of accounts is not necessarily the same person. What the facts mean is for you to look into.
Recent changes
Bankruptcy closure (by liquidation)
Enterprise Court of Liège, Liège division · judgment of 24-11-2020 · Bankruptcy
Bankruptcy published
Enterprise Court of Liège, Liège division · judgment of 18-02-2019 · Bankruptcy
Judicial reorganisation opened
Enterprise Court of Liège · collective agreement · judgment of 21-12-2018 · Judicial reorganisation
1 director appointed, 1 resignation
Appointment: Square Mile Advisory · Permanent representative: Vincent Colin · Resignation: Vincent Colin (managing director) · General meeting of 22-10-2018 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 31-10-2002 · bankruptcy closed on 24-11-2020
- Activity
- No activity registered in the KBO
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-06-2018
- ≈ €310,000estimated
- €231,260▼ 9.1%
- Filing
- Filed on 19-11-2018
Insights on LABAGE
Equity fell from €428,566 in 2011 to -€249,811 in 2018, while debts rose from €378,675 to €481,071.
On 21 December 2018 the court opened a judicial reorganisation. 59 days later came the bankruptcy.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LABAGE
- What is the company number of LABAGE?
- The company number of LABAGE is 0478.637.689. The VAT number is the same number with BE in front: BE 0478.637.689.
- What is the legal form of LABAGE?
- Legal form of LABAGE: SA.
- Is LABAGE still active?
- No. LABAGE is inactive in the KBO register.Company details
- How many employees did LABAGE have?
- LABAGE had an average of 2 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of LABAGE?
- The turnover in financial year 2018 is ≈ €310,000. This figure is estimated from the gross margin of €125,581 and 2,203 comparable companies of the same size. It probably lies between €210,000 and €490,000. It is a rough estimate.
- Is LABAGE profitable?
- In financial year 2018, LABAGE made a loss of €128,404.
- Where can I find the annual accounts of LABAGE?
- LABAGE filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2018.
Next steps
Check what to know before you do business with this company.Supplier due diligence See this company's board, registered office and name on a given date.Company as of a date Find how this company is connected to another party.Network investigator Check your own customer list for customers at risk.Process a list