LOUVAN
Open bankruptcyA bankruptcy procedure is open for LOUVAN according to publications in the Belgian State Gazette; curator: FILIP HOUVENAGHEL.
Summary
The 2023 annual accounts show negative equity (-€388,604) and a net result of -€85,128.
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, Ypres division
- Declared bankrupt
- 8 August 2025
- Supervising judge
- CéDRIQUE De Poot
- Official Gazette
- 27-08-2025 (pdf) ↗search the document for 2025/134028
Curator
- Filip HouvenaghelDeken De Bolaan 57, 8970 Poperingeinfo@houvenaghel.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 05-07-2024, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
26 d early
2022
35 d early
2021
31 d early
2020
24 d late
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 17 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed 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?Address check Are there other customers at risk in your own list?Debtor check How is the Retail sale of women's outerwear sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€388,604▼ 28.1%
2022 · -€303,476
Total assets
€314,031▼ 5.6%
2022 · €332,484
Net result
-€85,128
2022 · €10,228
Working capital
€141,706▼ 23.2%
2022 · €184,622
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
Line20192020202120222023
Operating result-€188,197▼ 332%-€14,357▲ 92.4%-€73,343▼ 411%€8,780-€82,421
Net result-€201,926▼ 249%-€33,346▲ 83.5%-€83,935▼ 152%€10,228-€85,128
Equity-€196,423-€229,768▼ 17.0%-€313,704▼ 36.5%-€303,476▲ 3.3%-€388,604▼ 28.1%
Total assets€426,960▼ 27.5%€416,296▼ 2.5%€332,427▼ 20.1%€332,484=€314,031▼ 5.6%
Debt€623,383▲ 6.9%€646,064▲ 3.6%€646,131=€635,960▼ 1.6%€702,635▲ 10.5%
Working capital-€164,399▼ 84.0%-€167,870▼ 2.1%€157,232€184,622▲ 17.4%€141,706▼ 23.2%
Staff (FTE)2.8▲ 47.4%2.8=3.8▲ 35.7%2.8▼ 26.3%2.6▼ 7.1%
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 turns negative in 2023: a loss of €82,421 after €8,780 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €314,031
Fixed assets
€60,042 ▲ 1.7%
Current assets
€253,989 ▼ 7.1%
Key figures and ratios
EBITDA
-€59,730▼
2022 · €30,295
Cash flow
-€62,437▼
2022 · €31,743
Solvency
-123.7%▼
2022 · -91.3%
Current ratio
2.26▼
2022 · 3.08
Quick ratio
0.36▼
2022 · 0.53
Debt to equity
-1.81▲
2022 · -2.10
ROA
-27.1%▼
2022 · 3.1%
Interest coverage
-14.01▼
2022 · 32.06
Debt ≤ 1 year
€112,283▲
2022 · €88,801
Debt > 1 year
€577,998▲
2022 · €536,947
Income taxes
€254▲
2022 · €0
Staff costs
€127,429▲
2022 · €123,937
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €106,538 | €123,937 | €127,429 | ▲ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,639 | €23,842 | €22,791 | €21,515 | €22,691 | ▲ 5.5% |
| Other operating charges640/8 | - | - | €2,930 | €3,299 | €6,307 | ▲ 91.2% |
| Gross operating margin9900 | €100,408 | €88,541 | €58,915 | €157,531 | €74,005 | ▼ 53.0% |
| Operating profit (loss)9901 | -€188,197 | -€14,357 | -€73,343 | €8,780 | -€82,421 | ▼ 1,039% |
| Financial income75/76B | - | - | €1,041 | €2,393 | €1,811 | ▼ 24.3% |
| Recurring financial income75 | €1,599 | €2,144 | €1,041 | €2,393 | €1,811 | ▼ 24.3% |
| Financial charges65/66B | - | - | €11,481 | €945 | €4,264 | ▲ 351% |
| Recurring financial charges65 | €15,328 | €19,037 | €11,481 | €945 | €4,264 | ▲ 351% |
| Non-recurring financial charges66B | - | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€201,926 | -€33,250 | -€83,783 | €10,228 | -€84,874 | ▼ 930% |
| Income taxes67/77 | - | €96 | €153 | €0 | €254 | - |
| Profit (loss) for the period9904 | -€201,926 | -€33,346 | -€83,935 | €10,228 | -€85,128 | ▼ 932% |
| Profit (loss) for the period to be appropriated9905 | -€201,926 | -€33,346 | -€83,935 | €10,228 | -€85,128 | ▼ 932% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €426,960 | €416,296 | €332,427 | €332,484 | €314,031 | ▼ 5.6% |
| Fixed assets21/28 | €145,709 | €103,367 | €80,576 | €59,061 | €60,042 | ▲ 1.7% |
| Intangible fixed assets21 | €175 | - | - | - | €9,343 | - |
| Tangible fixed assets22/27 | €116,384 | €92,717 | €69,926 | €48,411 | €40,049 | ▼ 17.3% |
| Plant, machinery and equipment23 | - | - | €0 | - | €7,178 | - |
| Furniture and vehicles24 | - | - | €2,059 | €0 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €67,867 | €48,411 | €32,871 | ▼ 32.1% |
| Financial fixed assets28 | €29,150 | €10,650 | €10,650 | €10,650 | €10,650 | = |
| Current assets29/58 | €281,251 | €312,929 | €251,851 | €273,423 | €253,989 | ▼ 7.1% |
| Stocks and contracts in progress3 | €184,869 | €226,071 | €203,655 | €225,988 | €213,400 | ▼ 5.6% |
| Stocks30/36 | - | - | €203,655 | €225,988 | €213,400 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €31,025 | €35,394 | €4,320 | €7,877 | €7,462 | ▼ 5.3% |
| Trade receivables40 | - | - | €90 | €5,749 | €4,612 | ▼ 19.8% |
| Other amounts receivable41 | - | - | €4,230 | €2,128 | €2,850 | ▲ 33.9% |
| Cash at bank and in hand54/58 | €56,523 | €46,722 | €39,569 | €32,852 | €25,305 | ▼ 23.0% |
| Deferred charges and accrued income490/1 | - | - | €4,308 | €6,706 | €7,821 | ▲ 16.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €426,960 | €416,296 | €332,427 | €332,484 | €314,031 | ▼ 5.6% |
| Equity10/15 | -€196,423 | -€229,768 | -€313,704 | -€303,476 | -€388,604 | ▼ 28.1% |
| Contributions10/11 | €60,000 | - | €60,000 | €60,000 | €60,000 | = |
| Reserves13 | €16,273 | €16,273 | €16,273 | €16,273 | €16,273 | = |
| Non-distributable reserves130/1 | - | - | €917 | €917 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €917 | €917 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €15,356 | €15,356 | €16,273 | ▲ 6.0% |
| Profit (loss) carried forward14 | -€272,696 | -€306,042 | -€389,977 | -€379,749 | -€464,877 | ▼ 22.4% |
| Amounts payable17/49 | €623,383 | €646,064 | €646,131 | €635,960 | €702,635 | ▲ 10.5% |
| Amounts payable after more than one year17 | €168,136 | €152,743 | €536,997 | €536,947 | €577,998 | ▲ 7.6% |
| Financial debts170/4 | - | - | €0 | - | - | - |
| Other amounts payable178/9 | - | - | €536,997 | €536,947 | €577,998 | ▲ 7.6% |
| Amounts payable within one year42/48 | €445,650 | €480,799 | €94,619 | €88,801 | €112,283 | ▲ 26.4% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | - | - | - |
| Financial debts43 | - | - | €0 | - | - | - |
| Credit institutions430/8 | - | - | €0 | - | - | - |
| Trade debts44 | €61,795 | €82,769 | €34,705 | €33,623 | €36,357 | ▲ 8.1% |
| Suppliers440/4 | - | - | €34,705 | €33,623 | €36,357 | ▲ 8.1% |
| Taxes, remuneration and social security45 | - | - | €44,487 | €39,660 | €60,655 | ▲ 52.9% |
| Taxes450/3 | - | - | €13,646 | €15,176 | €33,285 | ▲ 119% |
| Remuneration and social security454/9 | - | - | €30,841 | €24,485 | €27,369 | ▲ 11.8% |
| Other amounts payable47/48 | - | - | €15,427 | €15,518 | €15,271 | ▼ 1.6% |
| Accrued charges and deferred income492/3 | - | - | €14,515 | €10,211 | €12,354 | ▲ 21.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€201,926 | -€33,346 | -€83,935 | €10,228 | -€85,128 | ▼ 932% |
| + Depreciation and write-downs630 | €26,639 | €23,842 | €22,791 | €21,515 | €22,691 | ▲ 5.5% |
| Operating cash flow (approximation) | -€175,287 | -€9,503 | -€61,145 | €31,743 | -€62,437 | ▼ 297% |
| Investment in fixed assets (approximation) | - | €18,500 | €0 | €0 | -€23,672 | - |
| Change in cash | - | -€9,801 | -€7,153 | -€6,717 | -€7,547 | ▼ 12.4% |
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
2025
27-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Ieper · event 08-08-2025
13-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Ieper · event 08-08-2025
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €10,228
Net result €10,228 after 4 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 2.66
Current ratio from 0.65 to 2.66; short-term debt falls from €480,799 to €94,619.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€201,926
Net result drops to -€201,926, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Show earlier events
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Ieper · 2 establishment units since 2012
Ground area
707 m²
Building footprint
536 m²
Volume, LiDAR
4,398 m³
2 parcels, Flanders · tallest building 16.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Mademoiselle M.
since 20122.209.030.389
Mademoiselle M
since 20162.251.833.917
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035B0522/00F000 | Flanders | 391 m² | 1 · 219 m² | 11.5 m · 2 fl. |
| 33011F0230/00E000 | Flanders | 317 m² | 1 · 317 m² | 16.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FILIP HOUVENAGHEL DEKEN DE BOLAAN 57,
8970 POPERINGE |
08-08-2025 → present |
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 2,215 companies in sector 47711 we hold annual accounts for 888. 382 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
Contact
Phone
056/ 42 16 64Ieper
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.