LFC
Open bankruptcyAre 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
- 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, Code of Economic Law
- Appeal or third-party opposition until
- passed on 29 January 2019Fifteen 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 7 February 2019art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 28 February 2019Reclaim 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 8 January 2020A 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
- Olivier MercierRue Des Villas 6, 7700 Mouscronmercier.wagnon@edpnet.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- 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 ↗
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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
Office administrative, office support and other business support activities
NACE 82920
1 site
Size
€3.2mtotal assets 2017
- Staff
- 17.8 FTE
- Equity
- -€54,732
- Loss
- -€203,107
Net result -197%: 18-month year
Financial health
Open bankruptcy: no score
Structure
0 of 4 deeds read
Signalsraises riskOpen bankruptcyShow the evidence
Signals
1 signal.
raises risk
Searched, nothing found (1)
- Supervising judge replacedEnterprise Court of Hainaut, Tournai…
- OpeningEnterprise Court of Hainaut, Tournai…
- Annual accounts filedfinancial year 2017 · full…
Financials · financial year 2017, full format
2017 annual accounts filed late (148 days) Filed on 26 December 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-75900020.
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
2014 to 2017, 4 financial years 2014 to 2017, 4 financial years
The operating result turns negative in 2017: a loss of €92,879 after €13,428 in 2016, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.09m
2017
Net result-€0.2m
2017
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€3.2m
2017
Equity-€0.05m
2017
Debt€3.2m
2017
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.9m
2017
Average staff in full-time equivalents (FTE).
Staff (FTE)17.8
2017
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2014201520162017
Operating result€0.07m-€0.1m▲ 68.6%€0.01m▼ 88.3%-€0.09m
Net result€0.04m-€0.08m▲ 135%-€0.07m-€0.2m▼ 197%
Equity€0.2m-€0.3m▲ 43.0%€0.2m▼ 24.9%-€0.05m
Total assets€0.6m-€2.1m▲ 235%€3.1m▲ 47.4%€3.2m▲ 2.7%
Debt€0.4m-€1.8m▲ 321%€2.9m▲ 58.3%€3.2m▲ 11.9%
Working capital€0.1m--€0.4m-€0.4m▲ 7.0%-€0.9m▼ 135%
Staff (FTE)2.814.4▲ 414%17.8▲ 23.6%
Why a figure moved sharply
- 2017 Net result -197% on 2016. This financial year ran 18 months, the previous one 12.
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 | €0.07m | €0.03m | €0.2m | €0.3m | ▲ 65.5% |
| Gross operating margin9900 | €0.2m | €0.3m | €0.8m | €1.5m | ▲ 82.2% |
| Operating profit (loss)9901 | €0.07m | €0.1m | €0.01m | -€0.09m | - |
| Recurring financial income75 | €0.002m | €50 | - | - | - |
| Recurring financial charges65 | €0.02m | €0.02m | €0.06m | €0.1m | ▲ 79.5% |
| Profit (loss) for the period before taxes9903 | €0.06m | €0.1m | -€0.08m | -€0.2m | ▼ 167% |
| Income taxes67/77 | €0.02m | €0.01m | -€0.008m | €1 | - |
| Profit (loss) for the period9904 | €0.04m | €0.08m | -€0.07m | -€0.2m | ▼ 197% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.05m | -€0.07m | -€0.2m | ▼ 197% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.6m | €2.1m | €3.1m | €3.2m | ▲ 2.7% |
| Formation expenses20 | €0.01m | €0.04m | €0.04m | €0.03m | ▼ 23.8% |
| Fixed assets21/28 | €0.1m | €1.5m | €2.1m | €1.9m | ▼ 10.7% |
| Intangible fixed assets21 | €0.002m | €0.004m | €0.05m | €0.03m | ▼ 40.7% |
| Tangible fixed assets22/27 | €0.08m | €0.4m | €1.0m | €0.8m | ▼ 15.0% |
| Financial fixed assets28 | €0.001m | €1.0m | €1.0m | €1.0m | ▼ 1.6% |
| Current assets29/58 | €0.5m | €0.6m | €1.0m | €1.3m | ▲ 27.8% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.8m | €0.5m | ▼ 28.5% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.2m | €0.7m | ▲ 223% |
| Cash at bank and in hand54/58 | €0.008m | €0.003m | €0.01m | €0.01m | ▼ 5.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.6m | €2.1m | €3.1m | €3.2m | ▲ 2.7% |
| Equity10/15 | €0.2m | €0.3m | €0.2m | -€0.05m | - |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.02m | €0.06m | €0.06m | - | - |
| Profit (loss) carried forward14 | -€0.003m | €0.04m | -€0.03m | -€0.2m | ▼ 781% |
| Amounts payable17/49 | €0.4m | €1.8m | €2.9m | €3.2m | ▲ 11.9% |
| Amounts payable after more than one year17 | €0.003m | €0.8m | €1.5m | €1.1m | ▼ 29.1% |
| Amounts payable within one year42/48 | €0.4m | €1.0m | €1.4m | €2.2m | ▲ 57.0% |
| Trade debts44 | €0.2m | €0.5m | €0.8m | €0.8m | ▲ 7.5% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.04m | €0.08m | -€0.07m | -€0.2m | ▼ 197% |
| + Depreciation and write-downs630 | €0.07m | €0.03m | €0.2m | €0.3m | ▲ 65.5% |
| Operating cash flow (approximation) | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 21.9% |
| Investment in fixed assets (approximation) | - | -€1.4m | -€0.8m | -€0.06m | ▲ 92.4% |
| Change in cash | - | -€0.005m | €0.008m | -€0.001m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2017 | full format | 26-12-2018 | 2018-75900020 |
| 30-06-2016 | full format | 28-02-2017 | 2017-05400380 |
| 30-06-2015 | full format | 13-01-2016 | 2016-01300220 |
| 30-06-2014 | full format | 11-12-2014 | 2014-68900182 |
| 30-06-2013 | full format | 30-07-2013 | 2013-37400145 |
| 30-06-2012 | full format | 29-11-2012 | 2012-65200100 |
| 30-06-2011 | full format | 27-01-2012 | 2012-01900106 |
| 30-06-2010 | full format | 25-11-2010 | 2010-61400024 |
| 30-06-2009 | full format | 26-02-2010 | 2010-05600082 |
| 30-06-2008 | full format | 27-02-2009 | 2009-06100295 |
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Of the 294 active companies whose main activity is office administrative, office support and other business support activities (NACE 82920), figures are known for 193. 90 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Olivier Mercier Rue Des Villas 6, 7700 Mouscron |
08-01-2019 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2022
19-09
Bankruptcy
Supervising judge replaced
Enterprise Court of Hainaut, Tournai division · judgment of 01-09-2022
2019
14-01
Bankruptcy
Opening
Enterprise Court of Hainaut, Tournai division · judgment of 08-01-2019
2018
26-12
NBB filing
Annual accounts filed
financial year 2017 · full format · 148 days late
20-03
Judicial reorganisation
Extension
Commercial Court of Hainaut · collective agreement · judgment of 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
Commercial Court of Hainaut · judgment of 20-09-2017
28-02
NBB filing
Annual accounts filed
financial year 2016 · full format · 28 days late
2016
13-01
NBB filing
Annual accounts filed
financial year 2015 · full format
2015
30-06
Financial
Highest result from 2014 to 2017net €82,580 ▲135%
Operating result €114,977, net result €82,580, both a record.
30-06
Financial
Equity above €200,000equity €274,684 ▲43%
A profit in every financial year since 2014 builds equity to €274,684.
2014
11-12
NBB filing
Annual accounts filed
financial year 2014 · full format
2013
30-07
NBB filing
Annual accounts filed
financial year 2013 · full format
Show earlier events
2012
29-11
NBB filing
Annual accounts filed
financial year 2012 · full format
27-01
NBB filing
Annual accounts filed
financial year 2011 · full format
2010
25-11
NBB filing
Annual accounts filed
financial year 2010 · full format
26-02
NBB filing
Annual accounts filed
financial year 2009 · full format · 26 days late
2009
27-02
NBB filing
Annual accounts filed
financial year 2008 · full format · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 24 annual accounts filed, the latest 10 are here; all 24 are under Financials.
0 of 4 deeds read
About the unread acts
We know of 4 Belgian Official 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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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded17-07-1992
Financial year end31-12
Activities, NACEBEL 2025
82920Office administrative, office support and other business support activities
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 13 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Ath · 1 establishment unit since 2003
Ground area
1.8 ha
Building footprint
2,028 m²
Building volume
10,016 m³
Parcel 51042B0605/00F002, Wallonia · tallest building 6.7 m. Linked by address, not a title deed.
1 establishment unit
Chemin Preuscamp(M.E) 12, 7822 Ath
since 2003unit no. 2.125.121.332
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 51042B0605/00F002 | Wallonia | 1.8 ha | 1 · 2,028 m² | 6.7 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.