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MEDIA TOWN

Open bankruptcy
Public limited companyfounded 1987Meirbrug 1, 2000 Antwerpen, Belgium56 active companies are registered at this addressKBO/BCE: BE 0431.909.128
Summary

A bankruptcy procedure is open for MEDIA TOWN according to publications in the Belgian Official Gazette. The 2014 annual accounts show negative equity (-€2.4m) and a net result of -€3.4m.

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MEDIA TOWNOpen bankruptcy
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Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
Commercial Court of Antwerp, Antwerp division
Declared bankrupt
23 June 2016
Official Gazette
27-06-2016 (pdf) ↗search the document for 2016/111857

Deadlines

Provisional date payments stopped
23 June 2016Moved back by judgment of 8 May 2019. Payments and security you received since that day can in some cases be challenged by the trustee.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 12 July 2016Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 23 July 2016art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 19 August 2016Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
passed on 23 June 2017A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustees

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. This bankruptcy was opened before April 2017 and is not in RegSol: the trustee and the registry of the enterprise court keep the file.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Advertising agencies
NACE 73110
1 site
Size
€6.4mturnover 2014
Staff
15.4 FTE
Equity
-€2.4m
Loss
-€3.4m
Financial health
Open bankruptcy: no score
Structure
Parent
Think Media NV
0 of 18 deeds read
Signalsraises riskOpen bankruptcyneutralFiled after the deadlineShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2014 was due by 31-07-2015 and was filed on 20-10-2015, 81 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2014
81 days late
2013
21 days early
2012
29 days late
2011
21 days early
2010
26 days early
2009
30 days early
2008
24 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Date of cessation of payments moved…Enterprise Court of Antwerp, Antwerp…
  2. OpeningCommercial Court of Antwerp, Antwerp…
  3. Annual accounts filedfinancial year 2014 · full…

Key points

  • Risk: Declared bankrupttrustee: Mr Peeters Nick 23-06-2016 View
  • Controlled by Think Media NV parent View
  • Caution: From profit to loss in 2014after €1.3m in 2013 -€3.4m View

By topic

Financials

Financial year
2014
Turnover
€6.4m
Loss
-€3.4m
Solvency
-99.0%
Turnover▼ 15.9%
Net result
20102014
Go to Financials

Timeline

Events
32
Since
1989
  1. 31-12-2014Weakest financial year
  2. 10-07-2014Annual accounts filed
  3. 31-12-2013Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Advertising agenciesNACE 73110
Founded
03-09-1987
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Go further with this company

Who ran this company, and where was it based, on a given date before it ended?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?Process a list How is the advertising agencies sector doing?Sector figures

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