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Land Development Cooperative

Open bankruptcy
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 2009Keiberg(H) 14, 8551 Zwevegem, BelgiumKBO/BCE: BE 0810.542.787

A bankruptcy procedure is open for Land Development Cooperative according to publications in the Belgian Official Gazette; trustee: Sofie Vanden Bulcke.

Summary

The 2016 annual accounts show negative equity (-€1.8m) and a net result of -€1.8m.

Land Development CooperativeOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
Commercial Court of Ghent, Kortrijk division
Declared bankrupt
9 August 2018
Supervising judge
Pieter De Smet
Official Gazette
16-08-2018 (pdf) ↗search the document for 2018/134496

Deadlines

Provisional date payments stopped
9 August 2018A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 31 August 2018Fifteen 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 8 September 2018art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 25 September 2018Reclaim 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
passed on 9 August 2019A 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

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file 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
Activity not known1 site
Size
€1.1mtotal assets 2016
Equity
-€1.8m
Loss
-€1.8m
Turnover not published (abbreviated or micro format)Net result -324%: other schema
Financial health
Open bankruptcy: no score
Structure
0 of 13 deeds read
Signalsraises riskOpen bankruptcyShow the evidence

Signals

1 signal.
raises risk
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningCommercial Court of Ghent, Kortrijk…
  2. Annual accounts filedfinancial year 2016 · micro…
  3. Weakest financial yearnet -€1.8m

Key points

  • Risk: Declared bankrupttrustee: Sofie Vanden Bulcke 09-08-2018 View
  • Caution: Result fell in 2016different schema filed ▼ 324% View
  • Total assets 20165 financial years filed €1.1m View

By topic

Financials

Financial year
2016
Total assets
€1.1m
Loss
-€1.8m
Solvency
-170.2%
Total assets▼ 63.9%
Net result
20122016
Go to Financials

Timeline

Events
9
Since
2011
  1. 30-08-2016Annual accounts filed
  2. 09-10-2015Annual accounts filed
  3. 24-10-2014Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Coöperatieve vennootschap met beperkte aansprakelijkheid
Founded
19-03-2009
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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