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LYNX U

Open bankruptcy
Private limited company (pre-2019)founded 2010KBO/BCE: BE 0823.342.928

A bankruptcy procedure is open for LYNX U according to publications in the Belgian State Gazette; curator: NICOLAS VAN DER BORGHT.

Summary

The file additionally contains 1 administrative flag. The 2022 annual accounts show negative equity (-€104,944) and a net result of -€36,407.

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
French-language Enterprise Court of Brussels
Declared bankrupt
12 May 2025
Supervising judge
Francis Vanbever
Official Gazette
16-05-2025 (pdf) ↗search the document for 2025/120705

Curator

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.

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
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

LYNX U was incorporated on 23 February 2010.1 Total assets fell from EUR 325,608 in 2018 to EUR 222,210 in 2022 and headcount from 2.3 full-time equivalents in 2018 to 3.9 in 2020.2 On 12 May 2025 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2020 and 2022
  3. 3Belgian State Gazette, 16-05-2025

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€36,407▲ 63.7%
2021 · -€100,384
Working capital
-€159,085▼ 12.6%
2021 · -€141,310
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
Line20182019202020212022
Operating result€6,041-€115,809▲ 1,817%-€890-€97,089▼ 10,810%-€34,544▲ 64.4%
Net result-€1,340-€73,382-€24,923-€100,384▼ 303%-€36,407▲ 63.7%
Equity€28,387-€56,770▲ 100.0%€31,846▼ 43.9%-€68,537-€104,944▼ 53.1%
Total assets€325,608-€360,839▲ 10.8%€427,647▲ 18.5%€305,085▼ 28.7%€222,210▼ 27.2%
Debt€297,221-€304,069▲ 2.3%€395,801▲ 30.2%€373,622▼ 5.6%€327,154▼ 12.4%
Working capital-€98,192--€43,894▲ 55.3%-€51,678▼ 17.7%-€141,310▼ 173%-€159,085▼ 12.6%
Staff (FTE)2.3-3.1▲ 34.8%3.9▲ 25.8%
Result per fiscal year
Operating resultNet result
-€200,000-€100,000€0€100,000Operating result 2018: €6,041€6,041Net result 2018: -€1,340-€1,340Operating result 2019: €115,809€115,809Net result 2019: €73,382€73,382Operating result 2020: -€890-€890Net result 2020: -€24,923-€24,923Operating result 2021: -€97,089-€97,089Net result 2021: -€100,384-€100,384Operating result 2022: -€34,544-€34,544Net result 2022: -€36,407-€36,40720182019202020212022-€150,000-€100,000-€50,000€0Operating result 2020: -€890-€890Net result 2020: -€24,923-€24,900Operating result 2021: -€97,089-€97,100Net result 2021: -€100,384-€100,000Operating result 2022: -€34,544-€34,500Net result 2022: -€36,407-€36,400202020212022
The operating result stays negative: a loss of €34,544 in 2022 against €97,089 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €222,210
Fixed assets €54,141 ▼ 25.6%
Current assets €168,069 ▼ 27.7%
Key figures and ratios
2022 value · change against 2021
EBITDA
-€15,912▲
2021 · -€71,694
Cash flow
-€17,775▲
2021 · -€74,988
Solvency
-47.2%▼
2021 · -22.5%
Current ratio
0.51▼
2021 · 0.62
Debt to equity
-3.12▲
2021 · -5.45
ROA
-16.4%▲
2021 · -32.9%
Interest coverage
-8.54▲
2021 · -21.76
Debt ≤ 1 year
€327,154▼
2021 · €373,622
Staff costs
€52,945▼
2021 · €116,012
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 42 lines
Balance sheet Code20212022
Assets
Total assets20/58€305,085€222,210▼
Fixed assets21/28€72,773€54,141▼
Intangible fixed assets21€6,029€3,015▼
Tangible fixed assets22/27€64,779€49,161▼
Plant, machinery and equipment23€5,384€3,154▼
Furniture and vehicles24€17,498€12,490▼
Other tangible fixed assets26€41,897€33,518▼
Financial fixed assets28€1,965€1,965=
Current assets29/58€232,312€168,069▼
Amounts receivable within one year40/41€188,067€167,723▼
Trade receivables40€181,823€161,737▼
Other amounts receivable41€6,244€5,986▼
Cash at bank and in hand54/58€36,893€199▼
Deferred charges and accrued income490/1€7,353€146▼
Equity and liabilities
Total equity and liabilities10/49€305,085€222,210▼
Equity10/15-€68,537-€104,944▼
Contributions10/11€18,600€18,600=
Outside capital11€18,600€18,600=
Other1109/19€18,600€18,600=
Reserves13€18,750€18,750=
Tax-exempt reserves132€18,750€18,750=
Profit (loss) carried forward14-€105,887-€142,294▼
Amounts payable17/49€373,622€327,154▼
Amounts payable within one year42/48€373,622€327,154▼
Trade debts44€106,851€59,577▼
Suppliers440/4€106,851€59,577▼
Taxes, remuneration and social security45€227,340€243,433▲
Taxes450/3€199,020€241,377▲
Remuneration and social security454/9€28,320€2,056▼
Other amounts payable47/48€39,430€24,144▼
Income statement Code20212022
Remuneration, social security and pensions62€116,012€52,945▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,395€18,632▼
Other operating charges640/8€8,532€1,394▼
Gross operating margin9900€52,850€38,427▼
Operating profit (loss)9901-€97,089-€34,544▲
Financial charges65/66B€3,294€1,863▼
Recurring financial charges65€3,294€1,863▼
Profit (loss) for the period before taxes9903-€100,384-€36,407▲
Profit (loss) for the period9904-€100,384-€36,407▲
Profit (loss) for the period to be appropriated9905-€100,384-€36,407▲
Appropriation of the result
Profit (loss) to be appropriated9906-€105,887-€142,294▼
Profit (loss) brought forward from the previous period14P-€5,504-€105,887▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Remuneration, social security and pensions62---€116,012€52,945▼ 54.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34,508€35,426€28,740€25,395€18,632▼ 26.6%
Other operating charges640/8---€8,532€1,394▼ 83.7%
Gross operating margin9900€164,805€273,344€144,656€52,850€38,427▼ 27.3%
Operating profit (loss)9901€6,041€115,809-€890-€97,089-€34,544▲ 64.4%
Recurring financial income75€146€0€4,048---
Financial charges65/66B---€3,294€1,863▼ 43.4%
Recurring financial charges65€5,513€32,818€24,859€3,294€1,863▼ 43.4%
Profit (loss) for the period before taxes9903€453€82,991-€21,702-€100,384-€36,407▲ 63.7%
Income taxes67/77€1,793€9,609€3,222---
Profit (loss) for the period9904-€1,340€73,382-€24,923-€100,384-€36,407▲ 63.7%
Profit (loss) for the period to be appropriated9905-€1,340€73,382-€24,923-€100,384-€36,407▲ 63.7%
Line20182019202020212022Change
Assets
Total assets20/58€325,608€360,839€427,647€305,085€222,210▼ 27.2%
Fixed assets21/28€126,579€100,664€83,524€72,773€54,141▼ 25.6%
Intangible fixed assets21€15,073€12,058€9,044€6,029€3,015▼ 50.0%
Tangible fixed assets22/27€110,701€87,665€72,516€64,779€49,161▼ 24.1%
Plant, machinery and equipment23---€5,384€3,154▼ 41.4%
Furniture and vehicles24---€17,498€12,490▼ 28.6%
Other tangible fixed assets26---€41,897€33,518▼ 20.0%
Financial fixed assets28€806€941€1,965€1,965€1,965=
Current assets29/58€199,029€260,175€344,123€232,312€168,069▼ 27.7%
Amounts receivable within one year40/41€194,080€227,296€278,949€188,067€167,723▼ 10.8%
Trade receivables40---€181,823€161,737▼ 11.0%
Other amounts receivable41---€6,244€5,986▼ 4.1%
Cash at bank and in hand54/58€4,466€30,708€26,631€36,893€199▼ 99.5%
Deferred charges and accrued income490/1---€7,353€146▼ 98.0%
Equity and liabilities
Total equity and liabilities10/49€325,608€360,839€427,647€305,085€222,210▼ 27.2%
Equity10/15€28,387€56,770€31,846-€68,537-€104,944▼ 53.1%
Contributions10/11€18,600€18,600-€18,600€18,600=
Outside capital11---€18,600€18,600=
Other1109/19---€18,600€18,600=
Reserves13€18,750€18,750€18,750€18,750€18,750=
Tax-exempt reserves132---€18,750€18,750=
Profit (loss) carried forward14-€8,963€19,420-€5,504-€105,887-€142,294▼ 34.4%
Amounts payable17/49€297,221€304,069€395,801€373,622€327,154▼ 12.4%
Amounts payable within one year42/48€297,221€304,069€395,801€373,622€327,154▼ 12.4%
Trade debts44€97,630€130,120€196,602€106,851€59,577▼ 44.2%
Suppliers440/4---€106,851€59,577▼ 44.2%
Taxes, remuneration and social security45---€227,340€243,433▲ 7.1%
Taxes450/3---€199,020€241,377▲ 21.3%
Remuneration and social security454/9---€28,320€2,056▼ 92.7%
Other amounts payable47/48---€39,430€24,144▼ 38.8%
Line20182019202020212022Change
Profit (loss) for the period9904-€1,340€73,382-€24,923-€100,384-€36,407▲ 63.7%
+ Depreciation and write-downs630€34,508€35,426€28,740€25,395€18,632▼ 26.6%
Operating cash flow (approximation)€33,168€108,808€3,817-€74,988-€17,775▲ 76.3%
Investment in fixed assets (approximation)--€9,510-€11,600-€14,644€0▲ 100%
Change in cash-€26,242-€4,078€10,262-€36,693▼ 458%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
10-11
KBO administration Address struck
16-05
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · event 12-05-2025
2024
07-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 191 days late
06-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 555 days late
2022
21-02
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 205 days late
2021
31-12
Financial Weakest financial yearnet -€100,384
Net result drops to -€100,384, the lowest in the series.
2020
02-12
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 124 days late
2019
31-12
Financial Back to profitnet €73,382
Net result €73,382 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
28-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
01-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 1 day late
2016
12-05
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
30-04
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
13-10
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 74 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Vorst · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
1,894 m²
Building footprint
682 m²
Volume, LiDAR
5,046 m³
Parcel 21382C0028/00G003, Brussels · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
224 companies at this address See who is registered here
1 establishment unit
LYNX U
Freight transport by road
since 20112.205.101.790
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21382C0028/00G003 Brussels 1,894 m² 1 · 682 m² 8.8 m · 3 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 NICOLAS VAN DER BORGHT
AVENUE DE FRE 229, 1180 FR BRUXELLES 18
12-05-2025 → present

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded23-02-2010
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0823342928
Also 9925:BE0823342928
Registered 30-01-2025

The company is no longer active; its Peppol card can remain until its access point withdraws it.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.