LOUNGE CONCEPT
Open bankruptcyA bankruptcy procedure is open for LOUNGE CONCEPT according to publications in the Belgian State Gazette; curator: VERONIQUE VAN ASCH.
Summary
The 2017 annual accounts show equity of €23,489 and a net result of -€22,425.
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, Ghent division
- Declared bankrupt
- 12 January 2021
- Supervising judge
- Marleen Mannekens
- Official Gazette
- 18-01-2021 (pdf) ↗search the document for 2021/101313
Deadlines
- Provisional date payments stopped
- 12 January 2021A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 2 February 2021Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 11 February 2021art. XX.104 and XX.155 CEL
- First verification report
- passed on 19 February 2021Goods 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 12 January 2022Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Veronique Van AschKoning Albertlaan 128, 9000 Gentvvansch@fransbaert-law.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 · Filed after the deadline
The financial year that closed on 30-06-2017 was due by 31-01-2018 and was filed on 25-02-2018, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2017, micro schema
Equity
€23,489▼ 48.8%
2016 · €45,914
Total assets
€81,729▲ 3.4%
2016 · €79,060
Net result
-€22,425▼ 573%
2016 · -€3,332
Working capital
-€12,179▼ 1.7%
2016 · -€11,971
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20132014201520162017
Operating result€14,935-€24,639▲ 65.0%-€14,705-€2,592▲ 82.4%-€21,418▼ 726%
Net result€13,577-€16,180▲ 19.2%-€12,898-€3,332▲ 74.2%-€22,425▼ 573%
Equity€45,964-€62,144▲ 35.2%€49,246▼ 20.8%€45,914▼ 6.8%€23,489▼ 48.8%
Total assets€78,264-€163,162▲ 108%€108,350▼ 33.6%€79,060▼ 27.0%€81,729▲ 3.4%
Debt€32,300-€101,018▲ 213%€59,104▼ 41.5%€33,146▼ 43.9%€58,240▲ 75.7%
Working capital€27,456-€31,694▲ 15.4%-€39,559-€11,971▲ 69.7%-€12,179▼ 1.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21,418 in 2017 against €2,592 in 2016; the loss grows and 2017 has the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €81,729
Fixed assets
€35,668 ▼ 38.4%
Current assets
€46,061 ▲ 118%
Equity and liabilities €81,729
Equity
€23,489 ▼ 48.8%
Debt
€58,240 ▲ 75.7%
Debt's share of the balance-sheet total rises from 41.9% to 71.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,905▼
2016 · €24,094
Cash flow
€898▼
2016 · €23,353
Current ratio
0.79▲
2016 · 0.64
Quick ratio
0.73▲
2016 · 0.52
ROE
-95.5%▼
2016 · -7.3%
ROA
-27.4%▼
2016 · -4.2%
Debt ≤ 1 year
€58,240▲
2016 · €33,146
Income taxes
€89▲
2016 · €52
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €739 | €2,092 | €42,513 | €26,686 | €23,323 | ▼ 12.6% |
| Gross operating margin9900 | €17,415 | €30,828 | €30,807 | €28,424 | €14,499 | ▼ 49.0% |
| Operating profit (loss)9901 | €14,935 | €24,639 | -€14,705 | -€2,592 | -€21,418 | ▼ 726% |
| Recurring financial income75 | €1,704 | €1,901 | €2,615 | €1,006 | €73 | ▼ 92.8% |
| Recurring financial charges65 | €761 | €353 | €296 | €1,061 | €991 | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | €15,877 | €26,187 | -€12,386 | -€3,281 | -€22,337 | ▼ 581% |
| Income taxes67/77 | €2,300 | €10,007 | €512 | €52 | €89 | ▲ 71.3% |
| Profit (loss) for the period9904 | €13,577 | €16,180 | -€12,898 | -€3,332 | -€22,425 | ▼ 573% |
| Profit (loss) for the period to be appropriated9905 | €13,577 | €16,180 | -€12,898 | -€3,332 | -€22,425 | ▼ 573% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,264 | €163,162 | €108,350 | €79,060 | €81,729 | ▲ 3.4% |
| Fixed assets21/28 | €18,508 | €59,540 | €88,805 | €57,885 | €35,668 | ▼ 38.4% |
| Intangible fixed assets21 | - | - | €25,714 | €21,429 | €17,143 | ▼ 20.0% |
| Tangible fixed assets22/27 | €4,508 | €9,540 | €63,091 | €36,457 | €18,525 | ▼ 49.2% |
| Financial fixed assets28 | €14,000 | €50,000 | - | - | - | - |
| Current assets29/58 | €59,756 | €103,622 | €19,545 | €21,174 | €46,061 | ▲ 118% |
| Stocks and contracts in progress3 | €6,570 | €6,049 | €3,759 | €3,776 | €3,776 | = |
| Amounts receivable within one year40/41 | €47,777 | €92,822 | €12,874 | €2,250 | €34,696 | ▲ 1,442% |
| Cash at bank and in hand54/58 | €2,856 | €2,991 | €992 | €15,086 | €7,589 | ▼ 49.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,264 | €163,162 | €108,350 | €79,060 | €81,729 | ▲ 3.4% |
| Equity10/15 | €45,964 | €62,144 | €49,246 | €45,914 | €23,489 | ▼ 48.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,738 | €2,738 | €2,738 | €2,738 | €2,738 | = |
| Profit (loss) carried forward14 | €24,625 | €40,806 | €27,908 | €24,576 | €2,150 | ▼ 91.3% |
| Amounts payable17/49 | €32,300 | €101,018 | €59,104 | €33,146 | €58,240 | ▲ 75.7% |
| Amounts payable within one year42/48 | €32,300 | €71,928 | €59,104 | €33,146 | €58,240 | ▲ 75.7% |
| Trade debts44 | €18,656 | €23,799 | €24,995 | €21,851 | €35,513 | ▲ 62.5% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,577 | €16,180 | -€12,898 | -€3,332 | -€22,425 | ▼ 573% |
| + Depreciation and write-downs630 | €739 | €2,092 | €42,513 | €26,686 | €23,323 | ▼ 12.6% |
| Operating cash flow (approximation) | €14,317 | €18,272 | €29,616 | €23,353 | €898 | ▼ 96.2% |
| Investment in fixed assets (approximation) | - | -€43,125 | -€71,779 | €4,234 | -€1,106 | ▼ 126% |
| Change in cash | - | €136 | -€1,999 | €14,093 | -€7,496 | ▼ 153% |
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
2021
18-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 12-01-2021
2018
25-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 25 days late
2017
30-06
Financial
Weakest financial yearnet -€22,425
Net result drops to -€22,425, the lowest in the series.
11-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
14-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-06
Financial
Highest result since 2013net €16,180 ▲19.2%
Operating result €24,639, net result €16,180, both a record.
14-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 14 days late
2013
28-02
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 28 days late
2012
20-03
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 49 days late
2011
27-01
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
25-01
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
09-01
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
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, Gent · 1 establishment unit since 1992
Ground area
1.4 ha
Building footprint
6,533 m²
Volume, LiDAR
78,967 m³
Parcel 44804D2734/00X002, Flanders · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
STUDIO 9000
since 19922.057.974.368
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2734/00X002 | Flanders | 1.4 ha | 1 · 6,533 m² | 15.9 m · 4 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 | VERONIQUE VAN ASCH KONING ALBERTLAAN 128,
9000 GENT |
12-01-2021 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.057.974.368
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded06-02-1992
Fiscal year end30-06
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.