MAN-GO!
Open bankruptcyAre 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
- 19 December 2019
- Supervising judge
- Bert De Greef
- Official Gazette
- 27-12-2019 (pdf) ↗search the document for 2019/165257
Deadlines
- Provisional date payments stopped
- 19 December 2019A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 11 January 2020Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 18 January 2020art. XX.104 and XX.155 CEL
- First verification report
- passed on 14 February 2020Goods 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 19 December 2020Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Tom HermansAmerikalei 122, 2000 Antwerpen 1tom.hermans@desdalex.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
Two 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 31-12-2017 was due by 31-07-2018 and was filed on 27-09-2018, 58 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 · 2 filingsDeviation from the deadline
2018
not filed
2017
58 d late
2016
106 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 82 days after the deadline; the sector median for financial year 2018 is 3 days before the deadline, and 40% 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 Are there other customers at risk in your own list?Process a list How is the Advertising agencies sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2017, micro schema
Equity
€46,154▲ 80.5%
2016 · €25,568
Total assets
€211,381▲ 24.6%
2016 · €169,707
Net result
€20,585▲ 56.3%
2016 · €13,168
Working capital
€22,047▼ 15.0%
2016 · €25,940
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20162017
Operating result€22,806-€30,707▲ 34.6%
Net result€13,168-€20,585▲ 56.3%
Equity€25,568-€46,154▲ 80.5%
Total assets€169,707-€211,381▲ 24.6%
Debt€144,139-€165,228▲ 14.6%
Working capital€25,940-€22,047▼ 15.0%
Staff (FTE)1-1=
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 rises in 2017; 2017 is 35% above 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €211,381
Fixed assets
€24,107 ▲ 377%
Current assets
€187,274 ▲ 13.7%
Equity and liabilities €211,381
Equity
€46,154 ▲ 80.5%
Debt
€165,228 ▲ 14.6%
Debt's share of the balance-sheet total falls from 84.9% to 78.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36,862▲
2016 · €23,920
Cash flow
€26,741▲
2016 · €14,282
Current ratio
1.13▼
2016 · 1.19
ROE
44.6%▼
2016 · 51.5%
ROA
9.7%▲
2016 · 7.8%
Debt ≤ 1 year
€165,228▲
2016 · €138,714
Income taxes
€10,619▲
2016 · €7,337
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2016 | 2017 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,114 | €6,156 | ▲ 453% |
| Gross operating margin9900 | €41,011 | €66,732 | ▲ 62.7% |
| Operating profit (loss)9901 | €22,806 | €30,707 | ▲ 34.6% |
| Recurring financial income75 | €22 | €10,268 | ▲ 47,129% |
| Recurring financial charges65 | €2,323 | €9,770 | ▲ 321% |
| Profit (loss) for the period before taxes9903 | €20,505 | €31,204 | ▲ 52.2% |
| Income taxes67/77 | €7,337 | €10,619 | ▲ 44.7% |
| Profit (loss) for the period9904 | €13,168 | €20,585 | ▲ 56.3% |
| Profit (loss) for the period to be appropriated9905 | €13,168 | €20,585 | ▲ 56.3% |
| Line | 2016 | 2017 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €169,707 | €211,381 | ▲ 24.6% |
| Fixed assets21/28 | €5,052 | €24,107 | ▲ 377% |
| Intangible fixed assets21 | €1,600 | €1,200 | ▼ 25.0% |
| Tangible fixed assets22/27 | €1,427 | €20,882 | ▲ 1,363% |
| Financial fixed assets28 | €2,025 | €2,025 | = |
| Current assets29/58 | €164,655 | €187,274 | ▲ 13.7% |
| Amounts receivable within one year40/41 | €162,213 | €175,904 | ▲ 8.4% |
| Cash at bank and in hand54/58 | €2,442 | €10,953 | ▲ 349% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €169,707 | €211,381 | ▲ 24.6% |
| Equity10/15 | €25,568 | €46,154 | ▲ 80.5% |
| Contributions10/11 | €12,400 | €12,400 | = |
| Reserves13 | €12,860 | €32,860 | ▲ 156% |
| Profit (loss) carried forward14 | €308 | €894 | ▲ 190% |
| Amounts payable17/49 | €144,139 | €165,228 | ▲ 14.6% |
| Amounts payable within one year42/48 | €138,714 | €165,228 | ▲ 19.1% |
| Trade debts44 | €104,869 | €88,297 | ▼ 15.8% |
| Line | 2016 | 2017 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €13,168 | €20,585 | ▲ 56.3% |
| + Depreciation and write-downs630 | €1,114 | €6,156 | ▲ 453% |
| Operating cash flow (approximation) | €14,282 | €26,741 | ▲ 87.2% |
| Investment in fixed assets (approximation) | - | -€25,211 | - |
| Change in cash | - | €8,512 | - |
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
2022
03-06
Bankruptcy
Supervising judge replaced
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 31-05-2022
2019
27-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 19-12-2019
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
14-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 106 days late
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kalmthout
Ground area
5,758 m²
Building footprint
3,217 m²
Volume, LiDAR
22,748 m³
Parcel 11022G0809/00B002, Flanders · tallest building 19.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022G0809/00B002 | Flanders | 5,758 m² | 1 · 3,217 m² | 19.0 m · 2 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 | TOM HERMANS Amerikalei 122, 2000 Antwerpen 1 |
19-12-2019 → present |
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Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded05-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
18130Pre-press and pre-media services
27402Manufacture of electrical equipment
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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.