Metropole Motors
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 20 February 2025 · trustee Eric Van Meensel · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Supervising judge
- Marc Theuns
- Official Gazette
- 26-02-2025search the document for 2025/108272
Deadlines
- Provisional date payments stopped
- 20 February 2025A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 13 March 2025That is fifteen 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 22 March 2025art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 18 April 2025Reclaim 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 20 February 2026A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Eric Van MeenselPaleisstraat 12-14, 2018 Antwerpen 1eric@vanmeensel-advocaten.be
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol. The trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
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.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 13-02-2015
- Legal form
- Private limited company (pre-2019)
- Activity
- Retail sale of cars and light vans (up to 3.5 tonnes) NACE 47811
- Establishment unit
- 2.239.837.391 since 13-02-2015
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2023
- Gross margin
- €76,512
- ▲ 196%
- Turnover
- ≈ €580,000
- estimated
- Profit
- €17,585
- ▲ 266%
- Equity
- €76,731
- ▲ 29.7%
- Total assets
- €389,832
- ▼ 36.2%
- Employees on 31-12-2023
- 1
Financials
Financials · financial year 2023, micro format
2023 annual accounts filed 125 days after the deadline Filed on 3 December 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00608851.
Annual accounts 2023 filed on 03-12-2024 PDF all 8 filings
Turnover
€246,426▼ 22.9%
2021 · €319,684
EBIT margin
3.3%▲ 1.3pp
2021 · 1.9%
Net result
€17,585▲ 266%
2022 · €4,800
Working capital
€76,336▲ 30.8%
2022 · €58,339
Multi-year overview
2018 to 2023, 6 financial yearsTurnover
no figure
2023
20182023
Operating result
€18,170
▲ 125%
2023
20182023
Net result
€17,585
▲ 266%
2023
middle half of the sector
20182023
EBIT margin
no figure
2023
20182023
Equity
€76,731
▲ 29.7%
2023
middle half of the sector
20182023
Total assets
€389,832
▼ 36.2%
2023
highest quarter of the sector
20182023
Debt
€313,101
▼ 43.2%
2023
20182023
Working capital
€76,336
▲ 30.8%
2023
middle half of the sector
20182023
Solvency
19.7%
▲ 10.0pp
2023
middle half of the sector
20182023
Current ratio
1.24
▲ 0.14
2023
middle half of the sector
20182023
Return on assets (ROA)
4.5%
▲ 3.7pp
2023
middle half of the sector
20182023
Staff (FTE)
2
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€369,234-€379,434▲ 2.8%€384,436▲ 1.3%€319,684▼ 16.8%€246,426▼ 22.9%
Operating result€2,433--€280€47,015€6,211▼ 86.8%€8,084▲ 30.2%€18,170▲ 125%
Net result€1,645--€394€46,936above the sector's middle half€5,124within the sector's middle half▼ 89.1%€4,800within the sector's middle half▼ 6.3%€17,585within the sector's middle half▲ 266%
EBIT margin0.7%--0.1%▼ 0.7pp12.2%▲ 12.3pp1.9%▼ 10.3pp3.3%▲ 1.3pp
Equity€2,680-€2,286▼ 14.7%€49,222within the sector's middle half▲ 22×€54,346within the sector's middle half▲ 10.4%€59,146within the sector's middle half▲ 8.8%€76,731within the sector's middle half▲ 29.7%
Total assets€196,841-€454,895▲ 131%€819,410above the sector's middle half▲ 80.1%€698,799above the sector's middle half▼ 14.7%€610,846above the sector's middle half▼ 12.6%€389,832above the sector's middle half▼ 36.2%
Debt€194,161-€452,609▲ 133%€770,188▲ 70.2%€644,453▼ 16.3%€551,700▼ 14.4%€313,101▼ 43.2%
Working capital€2,383-€1,734▼ 27.3%€48,151within the sector's middle half▲ 28×€53,762within the sector's middle half▲ 11.7%€58,339within the sector's middle half▲ 8.5%€76,336within the sector's middle half▲ 30.8%
Solvency1.4%-0.5%▼ 0.9pp6.0%within the sector's middle half▲ 5.5pp7.8%within the sector's middle half▲ 1.8pp9.7%within the sector's middle half▲ 1.9pp19.7%within the sector's middle half▲ 10.0pp
Current ratio1.01-1.00▼ 0.011.06within the sector's middle half▲ 0.061.08within the sector's middle half▲ 0.021.11within the sector's middle half▲ 0.021.24within the sector's middle half▲ 0.14
Return on assets (ROA)0.8%--0.1%▼ 0.9pp5.7%within the sector's middle half▲ 5.8pp0.7%within the sector's middle half▼ 5.0pp0.8%within the sector's middle half▲ 0.1pp4.5%within the sector's middle half▲ 3.7pp
Staff (FTE)2
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is 125% higher than in 2022. It is the second rise in a row, after the fall in 2021.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €389,832
Fixed assets
€394 ▼ 51.2%
Current assets
€389,438 ▼ 36.2%
Equity and liabilities €389,832
Equity
€76,731 ▲ 29.7%
Debt
€313,101 ▼ 43.2%
Debt's share of the balance-sheet total falls from 90.3% to 80.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,583▲
2022 · €8,853
Cash flow
€17,998▲
2022 · €5,568
Quick ratio
0.14▼
2022 · 0.48
Debt to equity
4.08▼
2022 · 9.33
ROE
22.9%▲
2022 · 8.1%
Interest coverage
31.76▲
2022 · 31.46
Debt ≤ 1 year
€313,101▼
2022 · €551,700
Staff costs
€57,930▲
2022 · €17,009
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 2 |
| On a permanent contract | 1 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €991 | - |
| Depreciation and write-downs of the year | €487 | €768 | €413 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €369,234 | €379,434 | €384,436 | €319,684 | €246,426 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €330,529 | €220,564 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €17,009 | €57,930 | ▲ 241% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90 | €157 | €487 | €487 | €768 | €413 | ▼ 46.3% |
| Other operating charges640/8 | - | - | - | €780 | - | - | - |
| Gross operating margin9900 | €3,857 | €323 | €48,355 | €7,478 | €25,862 | €76,512 | ▲ 196% |
| Operating profit (loss)9901 | €2,433 | -€280 | €47,015 | €6,211 | €8,084 | €18,170 | ▲ 125% |
| Financial income75/76B | - | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €263 | €281 | €585 | ▲ 108% |
| Recurring financial charges65 | €788 | €114 | €79 | €263 | €281 | €585 | ▲ 108% |
| Profit (loss) for the period before taxes9903 | €1,645 | -€394 | €46,936 | €5,948 | €7,803 | €17,585 | ▲ 125% |
| Income taxes67/77 | - | - | - | €824 | €3,003 | - | - |
| Profit (loss) for the period9904 | €1,645 | -€394 | €46,936 | €5,124 | €4,800 | €17,585 | ▲ 266% |
| Profit (loss) for the period to be appropriated9905 | €1,645 | -€394 | €46,936 | €5,124 | €4,800 | €17,585 | ▲ 266% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €196,841 | €454,895 | €819,410 | €698,799 | €610,846 | €389,832 | ▼ 36.2% |
| Fixed assets21/28 | €297 | €553 | €1,071 | €585 | €807 | €394 | ▼ 51.2% |
| Tangible fixed assets22/27 | €297 | €553 | €1,056 | €570 | €792 | €379 | ▼ 52.1% |
| Plant, machinery and equipment23 | - | - | - | €330 | €709 | €379 | ▼ 46.6% |
| Furniture and vehicles24 | - | - | - | €239 | €83 | - | - |
| Financial fixed assets28 | - | - | €15 | €15 | €15 | €15 | = |
| Current assets29/58 | €196,544 | €454,343 | €818,338 | €698,215 | €610,039 | €389,438 | ▼ 36.2% |
| Stocks and contracts in progress3 | €31,900 | €197,015 | €162,620 | €321,820 | €345,733 | €346,698 | ▲ 0.3% |
| Stocks30/36 | - | - | - | €321,820 | €345,733 | €346,698 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €151,271 | €244,832 | €645,428 | €363,813 | €252,241 | €36,179 | ▼ 85.7% |
| Trade receivables40 | - | - | - | €347,579 | €239,501 | €36,179 | ▼ 84.9% |
| Other amounts receivable41 | - | - | - | €16,235 | €12,740 | - | - |
| Cash at bank and in hand54/58 | €13,373 | €12,496 | €10,291 | €12,582 | €12,065 | €6,561 | ▼ 45.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €196,841 | €454,895 | €819,410 | €698,799 | €610,846 | €389,832 | ▼ 36.2% |
| Equity10/15 | €2,680 | €2,286 | €49,222 | €54,346 | €59,146 | €76,731 | ▲ 29.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - |
| Contributions outside capital11 | - | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€15,920 | -€16,314 | €30,622 | €35,746 | €40,546 | €58,131 | ▲ 43.4% |
| Amounts payable17/49 | €194,161 | €452,609 | €770,188 | €644,453 | €551,700 | €313,101 | ▼ 43.2% |
| Amounts payable within one year42/48 | €194,161 | €452,609 | €770,188 | €644,453 | €551,700 | €313,101 | ▼ 43.2% |
| Trade debts44 | €126,855 | €349,785 | €671,174 | €464,897 | €372,697 | €138,636 | ▼ 62.8% |
| Suppliers440/4 | - | - | - | €464,897 | €372,697 | €138,636 | ▼ 62.8% |
| Taxes, remuneration and social security45 | - | - | - | €955 | - | €4,404 | - |
| Taxes450/3 | - | - | - | €955 | - | €4,404 | - |
| Other amounts payable47/48 | - | - | - | €178,602 | €179,003 | €170,061 | ▼ 5.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,645 | -€394 | €46,936 | €5,124 | €4,800 | €17,585 | ▲ 266% |
| + Depreciation and write-downs630 | €90 | €157 | €487 | €487 | €768 | €413 | ▼ 46.3% |
| Operating cash flow (approximation) | €1,735 | -€237 | €47,423 | €5,611 | €5,568 | €17,998 | ▲ 223% |
| Investment in fixed assets (approximation) | - | -€412 | -€1,006 | €0 | -€991 | €0 | - |
| Change in cash | - | -€877 | -€2,205 | €2,291 | -€517 | -€5,504 | ▼ 964% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 03-12-2024 | 2024-00608851 | |
| 31-12-2022 | micro format | 31-12-2023 | 2024-00540991 | |
| 31-12-2021 | micro format | 29-12-2022 | 2023-20551588 | |
| 31-12-2020 | micro format | 31-12-2021 | 2021-82500589 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-66300209 | |
| 31-12-2018 | micro format | 31-12-2019 | 2019-78100249 | |
| 31-12-2017 | micro format | 31-12-2018 | 2018-76100595 | |
| 31-12-2016 | abbreviated format | 29-08-2018 | 2018-51800140 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Eric Van Meensel Paleisstraat 12-14, 2018 Antwerpen 1 |
20-02-2025 → present |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2025
08-08
KBO administration
Address struck
26-02
Bankruptcy
Bankruptcy declared
Enterprise Court of Antwerp, Antwerp division · judgment of 20-02-2025
2024
31-12
Gazette deed
Registered office moved from Mortsel to AntwerpenNew seat: Rooiboslaan 102, 2610 Antwerpen · Previous seat: Krijgsbaan 50, 2640 Mortsel2 points ▸
Gazette deed
Registered office moved from Mortsel to Antwerpen
New seat: Rooiboslaan 102, 2610 Antwerpen · Previous seat: Krijgsbaan 50, 2640 Mortsel2 points ▸
- General meeting, 01-12-2024
- Registered-office move, Rooiboslaan 102,2610 Antwerpen
03-12
micro format · 125 days late
18-11
KBO administration
Address struck
Krijgsbaan 50 2640 L’adresse du siège Krijgsbaan 50 2640 Mortsel Krijgsbaan 50, 2640 Mortsel
Mortsel werd doorgehaald met ingang van · event 06-06-2024
2023
31-12
micro format · 153 days late
2022
29-12
micro format · 151 days late
2021
31-12
micro format · 153 days late
2020
31-12
Financial
Back to profitnet €46,936
The net result is €46,936, after one loss-making year.
31-10
micro format · 92 days late
2019
31-12
Financial
Weakest financial yearnet -€394
The net result drops to -€394, the lowest from 2018 to 2023.
31-12
micro format · 153 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2023
- Legal form
- Private limited company (pre-2019)
- Active since
- 13 February 2015
Register details
Identity
Name
Metropole Motors in Dutch
Enterprise number
0597.984.511
Entity type
Legal entity
Registered office and establishments
Registered office
1 former office
- Krijgsbaan 50, 2640 Mortsel until the act of 31-12-2024
Establishment unit
Metropole Motors since 13-02-2015 · unit number 2.239.837.391
Activities
NACEBEL 202547811
Retail sale of cars and light vans (up to 3.5 tonnes) main activity
Codes under NACEBEL 2008
45113
main activity
Invoicing and payment
VAT number
BE 0597.984.511
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
6,066 m²
Building footprint
1,028 m²
Building volume
54,594 m³
Tallest building: 61.5 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11462A0109/00G000 | Flanders | 5,799 m² | 1 · 971 m² | 61.5 m · 19 |
| 11029A0139/04N000 | Flanders | 267 m² | 1 · 57 m² | 3.1 m · 1 |