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LS Old co

Open bankruptcy
Public limited companyfounded 1973Fotografielaan 42, 2610 Antwerpen, BelgiumKBO/BCE: BE 0413.465.171

A bankruptcy procedure is open for LS Old co according to publications in the Belgian State Gazette; curator: KJELL SWARTELE.

Summary

The file additionally contains 1 interim measure and 4 judicial reorganisation notices. The 2020 annual accounts show equity of €1.6m and a net result of €1.2m.

LS Old coOpen bankruptcy

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 Antwerp, Antwerp division
Declared bankrupt
24 March 2022
Supervising judge
Harry De Smedt
Official Gazette
30-03-2022 (pdf) ↗search the document for 2022/111594

Deadlines

Provisional date payments stopped
24 March 2022A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 14 April 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 23 April 2022art. XX.104 and XX.155 CEL
First verification report
passed on 20 May 2022Goods 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 24 March 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Kjell SwarteleAnselmostraat 2, 2018 Antwerpen 1kjell.swartele@vanhoucke-law.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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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Overview

Activity
Manufacture of chemicals and chemical products
NACE 20590
3 sites
Size
€6.6mtotal assets 2020
Staff
48.8 FTE
Equity
€1.6m
Profit
€1.2m
Financial health
Open bankruptcy: no score
Structure
Parent
European Pharmaceutical Investors NV
Accounts 1529 days overdue0 of 19 deeds read
Signals- Open bankruptcyFiled after the deadlineShow the evidence

Signals

Two signals.
+raises risk○neutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator. The KBO register also records: open bankruptcy.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 filings
Deviation from the deadline
2020
31 days late
2019
122 days late
2018
20 days early
2017
27 days early
2016
4 days early
2015
2 days early
2014
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2020 is 22 days before the deadline, and 30% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. OpeningOndernemingsrechtbank Antwerpen, afdeling Antwerpen ·…
  2. Transfer under judicial authoritycourt-supervised transfer
  3. Provisional administratorOndernemingsrechtbank Antwerpen · event 23-10-2020

Key points

  • Risk: Declared bankrupttrustee: Kjell Swartele 24-03-2022 View
  • Controlled by European Pharmaceutical Investors NV parent View
  • Positive: Equity rose in 2020from €177,342 to €1.6m ▲ 796% View

By topic

Financials

Fiscal year
2020
Total assets
€6.6m
Profit
€1.2m
Solvency
24.2%
Go to Financials

Timeline

Events
19
Since
2012
  1. 05-11-2021Reorganisation plan revoked
  2. 31-08-2021Annual accounts filed
  3. 31-12-2020Back to profit
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20590
Founded
30-08-1973
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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