LFC
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 Hainaut, Tournai division
- Declared bankrupt
- 8 January 2019
- Supervising judge
- Philippe Lenfant
- Official Gazette
- 14-01-2019 (pdf) ↗search the document for 2019/101199
Deadlines
- Provisional date payments stopped
- 8 January 2019A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 29 January 2019Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 7 February 2019art. XX.104 and XX.155 CEL
- First verification report
- passed on 28 February 2019Goods 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 January 2020Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Olivier MercierRue Des Villas 6, 7700 Mouscronmercier.wagnon@edpnet.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
Embed in an article
Writing about this bankruptcy? Put the card of LFC in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Signals
1 signal.
+raises risk
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 Are there other customers at risk in your own list?Process a list How is the Office administrative, office support and other business support activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2017, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€203,107▼ 197%
2016 · -€68,309
Working capital
-€881,782▼ 135%
2016 · -€375,776
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2014201520162017
Operating result€68,175-€114,977▲ 68.6%€13,428▼ 88.3%-€92,879
Net result€35,148-€82,580▲ 135%-€68,309-€203,107▼ 197%
Equity€192,104-€274,684▲ 43.0%€206,375▼ 24.9%-€54,732
Total assets€625,619-€2.1m▲ 235%€3.1m▲ 47.4%€3.2m▲ 2.7%
Debt€433,515-€1.8m▲ 321%€2.9m▲ 58.3%€3.2m▲ 11.9%
Working capital€98,023--€404,096-€375,776▲ 7.0%-€881,782▼ 135%
Staff (FTE)2.814.4▲ 414%17.8▲ 23.6%
Why a figure moved sharply
- 2017 Net result -197% on 2016. This fiscal year ran 18 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2017: a loss of €92,879 after €13,428 in 2016, the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €3.1m
Fixed assets
€1.9m ▼ 10.7%
Current assets
€1.3m ▲ 27.8%
Equity and liabilities
Equity-€54,732
Debt€3.2m
Equity is negative: debt (€3.2m) exceeds the balance-sheet total (€3.2m).
Key figures and ratios
EBITDA
€190,760▲
2016 · €184,787
Cash flow
€80,532▼
2016 · €103,050
Solvency
-1.7%▼
2016 · 6.7%
Current ratio
0.59▼
2016 · 0.73
Quick ratio
0.34▲
2016 · 0.17
ROA
-6.4%▼
2016 · -2.2%
Debt ≤ 1 year
€2.2m▲
2016 · €1.4m
Debt > 1 year
€1.1m▼
2016 · €1.5m
Income taxes
€1▲
2016 · -€7,644
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,684 | €32,889 | €171,359 | €283,639 | ▲ 65.5% |
| Gross operating margin9900 | €235,770 | €265,442 | €817,869 | €1.5m | ▲ 82.2% |
| Operating profit (loss)9901 | €68,175 | €114,977 | €13,428 | -€92,879 | ▼ 792% |
| Recurring financial income75 | €1,632 | €50 | - | - | - |
| Recurring financial charges65 | €18,368 | €18,873 | €61,396 | €110,227 | ▲ 79.5% |
| Profit (loss) for the period before taxes9903 | €59,229 | €96,383 | -€75,953 | -€203,106 | ▼ 167% |
| Income taxes67/77 | €24,081 | €13,803 | -€7,644 | €1 | ▲ 100% |
| Profit (loss) for the period9904 | €35,148 | €82,580 | -€68,309 | -€203,107 | ▼ 197% |
| Profit (loss) for the period to be appropriated9905 | €17,648 | €45,080 | -€68,309 | -€203,107 | ▼ 197% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €625,619 | €2.1m | €3.1m | €3.2m | ▲ 2.7% |
| Formation expenses20 | €14,978 | €43,479 | €38,024 | €28,985 | ▼ 23.8% |
| Fixed assets21/28 | €97,503 | €1.5m | €2.1m | €1.9m | ▼ 10.7% |
| Intangible fixed assets21 | €1,643 | €4,349 | €53,103 | €31,473 | ▼ 40.7% |
| Tangible fixed assets22/27 | €79,518 | €441,443 | €985,329 | €837,291 | ▼ 15.0% |
| Financial fixed assets28 | €1,364 | €991,473 | €1.0m | €1.0m | ▼ 1.6% |
| Current assets29/58 | €528,116 | €617,515 | €1.0m | €1.3m | ▲ 27.8% |
| Stocks and contracts in progress3 | €283,001 | €255,142 | €766,627 | €548,333 | ▼ 28.5% |
| Amounts receivable within one year40/41 | €233,880 | €326,171 | €220,596 | €711,756 | ▲ 223% |
| Cash at bank and in hand54/58 | €8,297 | €3,455 | €11,590 | €10,956 | ▼ 5.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €625,619 | €2.1m | €3.1m | €3.2m | ▲ 2.7% |
| Equity10/15 | €192,104 | €274,684 | €206,375 | -€54,732 | ▼ 127% |
| Contributions10/11 | €174,371 | €174,371 | €174,371 | €174,371 | = |
| Reserves13 | €20,500 | €58,000 | €58,000 | - | - |
| Profit (loss) carried forward14 | -€2,767 | €42,313 | -€25,996 | -€229,103 | ▼ 781% |
| Amounts payable17/49 | €433,515 | €1.8m | €2.9m | €3.2m | ▲ 11.9% |
| Amounts payable after more than one year17 | €3,422 | €801,964 | €1.5m | €1.1m | ▼ 29.1% |
| Amounts payable within one year42/48 | €430,093 | €1.0m | €1.4m | €2.2m | ▲ 57.0% |
| Trade debts44 | €246,619 | €535,570 | €781,259 | €839,661 | ▲ 7.5% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,148 | €82,580 | -€68,309 | -€203,107 | ▼ 197% |
| + Depreciation and write-downs630 | €72,684 | €32,889 | €171,359 | €283,639 | ▲ 65.5% |
| Operating cash flow (approximation) | €107,832 | €115,469 | €103,050 | €80,532 | ▼ 21.9% |
| Investment in fixed assets (approximation) | - | -€1.4m | -€783,749 | -€59,947 | ▲ 92.4% |
| Change in cash | - | -€4,842 | €8,135 | -€634 | ▼ 108% |
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
2022
19-09
Bankruptcy
Supervising judge replaced
Tribunal de l’entreprise du Hainaut, division Tournai · event 01-09-2022
2019
14-01
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 08-01-2019
2018
26-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 148 days late
20-03
Judicial reorganisation
Extension
Tribunal de commerce du Hainaut · collective agreement · event 14-03-2018
2017
31-12
Financial
Weakest financial yearnet -€203,107
Net result drops to -€203,107, the lowest in the series.
06-10
Judicial reorganisation
Opening
Tribunal de commerce du Hainaut · event 20-09-2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
13-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-06
Financial
Highest result since 2014net €82,580 ▲135%
Operating result €114,977, net result €82,580, both a record.
30-06
Financial
Equity above €200,000Eq €274,684 ▲43%
2 profitable years in a row build equity to €274,684.
2014
11-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
30-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Show earlier events
2012
29-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
27-01
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2010
25-11
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
26-02
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 26 days late
2009
27-02
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ath · 1 establishment unit since 2003
Ground area
1.8 ha
Building footprint
2,028 m²
Volume, LiDAR
10,016 m³
Parcel 51042B0605/00F002, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chemin Preuscamp(M.E) 12, 7822 Ath
since 20032.125.121.332
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51042B0605/00F002 | Wallonia | 1.8 ha | 1 · 2,028 m² | 6.7 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 | OLIVIER MERCIER Rue Des Villas 6, 7700 Mouscron |
08-01-2019 → present |
Similar companies · same sector, comparable size
Sonoco Metal Packaging Belgium BV/SRL
BE 0770.278.978
Puurs-Sint-Amands · FTE 17.8
CINARLI
BE 0466.897.622
Brussel · FTE 17.2
PREFER METAL
BE 0837.746.735
Flémalle · FTE 16.6
BRABOPAK
BE 0430.080.281
Wommelgem · FTE 19.2
Chemcopack
BE 0432.319.201
Beveren-Kruibeke-Zwijndrecht · FTE 19.4
Of 303 companies in this sector we hold annual accounts for 197. 90 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded17-07-1992
Fiscal year end31-12
Activities, NACEBEL 2025
82920Office administrative, office support and other business support activities
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 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.