MICANA
Open bankruptcySummary
A bankruptcy procedure is open for MICANA according to publications in the Belgian State Gazette. The file additionally contains 1 interim measure. The 2024 annual accounts show negative equity (-€418,109) and a net result of -€177,303.
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 Ghent, Dendermonde division
- Declared bankrupt
- 7 October 2025
- Supervising judge
- Peter Focke
- Official Gazette
- 15-10-2025 (pdf) ↗search the document for 2025/141765
Deadlines
- Provisional date payments stopped
- 7 October 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 30 October 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 6 November 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 14 November 2025Goods 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
- 7 October 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Johan ColpaertHulstbaan 233A, 9112 Sinaai-Waas
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
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€418,109
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
on the day
2022
23 d late
2021
20 d early
2020
1 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Real estate agency activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€418,109▼ 73.6%
2023 · -€240,806
Total assets
€896,057▼ 7.9%
2023 · €973,415
Net result
-€177,303▲ 6.5%
2023 · -€189,723
Working capital
-€428,279▼ 66.2%
2023 · -€257,649
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€43,788€185,419-€52,904-€145,084▼ 174%-€71,698▲ 50.6%
Net result-€49,705below the sector's middle half€136,161above the sector's middle half-€93,469below the sector's middle half-€189,723below the sector's middle half▼ 103%-€177,303below the sector's middle half▲ 6.5%
Equity-€93,776below the sector's middle half▼ 113%€42,386within the sector's middle half-€51,083below the sector's middle half-€240,806below the sector's middle half▼ 371%-€418,109below the sector's middle half▼ 73.6%
Total assets€1.7mabove the sector's middle half▲ 281%€2.1mabove the sector's middle half▲ 24.4%€893,500within the sector's middle half▼ 57.7%€973,415within the sector's middle half▲ 8.9%€896,057within the sector's middle half▼ 7.9%
Debt€1.8m▲ 266%€2.1m▲ 15.5%€944,583▼ 54.4%€1.2m▲ 28.5%€1.3m▲ 8.2%
Working capital€1.6mabove the sector's middle half▲ 701%€35,824within the sector's middle half▼ 97.8%-€67,631within the sector's middle half-€257,649below the sector's middle half▼ 281%-€428,279below the sector's middle half▼ 66.2%
Solvency-5.5%below the sector's middle half▲ 4.4pp2.0%below the sector's middle half▲ 7.5pp-5.7%below the sector's middle half▼ 7.7pp-24.7%below the sector's middle half▼ 19.0pp-46.7%below the sector's middle half▼ 21.9pp
Current ratio21.13above the sector's middle half▲ 19.301.02within the sector's middle half▼ 20.110.93within the sector's middle half▼ 0.090.79within the sector's middle half▼ 0.140.67within the sector's middle half▼ 0.12
Return on assets (ROA)-2.9%below the sector's middle half▼ 4.3pp6.4%within the sector's middle half▲ 9.4pp-10.5%below the sector's middle half▼ 16.9pp-19.5%below the sector's middle half▼ 9.0pp-19.8%below the sector's middle half▼ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 stays negative: a loss of €71,698 in 2024 against €145,084 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €896,057
Fixed assets
€16,631 ▼ 1.3%
Current assets
€879,427 ▼ 8.1%
Key figures and ratios
EBITDA
-€71,486▲
2023 · -€144,152
Cash flow
-€177,090▲
2023 · -€188,792
Quick ratio
0.25▼
2023 · 0.33
Debt to equity
-3.14▲
2023 · -5.04
Interest coverage
-0.58▲
2023 · -2.63
Debt ≤ 1 year
€1.3m▲
2023 · €1.2m
Income taxes
€2▼
2023 · €310
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €290 | €1,009 | €1,209 | €931 | €212 | ▼ 77.2% |
| Other operating charges640/8 | - | €2,851 | €1,804 | €3,864 | €8,868 | ▲ 129% |
| Gross operating margin9900 | -€37,054 | €189,279 | -€49,891 | -€140,288 | -€62,618 | ▲ 55.4% |
| Operating profit (loss)9901 | -€43,788 | €185,419 | -€52,904 | -€145,084 | -€71,698 | ▲ 50.6% |
| Financial income75/76B | - | €866 | €8,807 | €10,433 | €16,851 | ▲ 61.5% |
| Recurring financial income75 | €3,403 | €866 | €8,807 | €10,433 | €16,851 | ▲ 61.5% |
| Financial charges65/66B | - | €47,270 | €48,843 | €54,762 | €122,455 | ▲ 124% |
| Recurring financial charges65 | €8,481 | €47,270 | €48,843 | €54,762 | €122,455 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | -€48,866 | €139,016 | -€92,939 | -€189,412 | -€177,301 | ▲ 6.4% |
| Income taxes67/77 | €840 | €2,854 | €530 | €310 | €2 | ▼ 99.5% |
| Profit (loss) for the period9904 | -€49,705 | €136,161 | -€93,469 | -€189,723 | -€177,303 | ▲ 6.5% |
| Profit (loss) for the period to be appropriated9905 | -€49,705 | €136,161 | -€93,469 | -€189,723 | -€177,303 | ▲ 6.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €2.1m | €893,500 | €973,415 | €896,057 | ▼ 7.9% |
| Fixed assets21/28 | €3,015 | €6,562 | €16,548 | €16,843 | €16,631 | ▼ 1.3% |
| Tangible fixed assets22/27 | €2,495 | €1,852 | €1,155 | €224 | €12 | ▼ 94.8% |
| Plant, machinery and equipment23 | - | €671 | €566 | €224 | €12 | ▼ 94.8% |
| Furniture and vehicles24 | - | €1,181 | €589 | €0 | - | - |
| Financial fixed assets28 | €520 | €4,710 | €15,393 | €16,619 | €16,619 | = |
| Current assets29/58 | €1.7m | €2.1m | €876,952 | €956,572 | €879,427 | ▼ 8.1% |
| Amounts receivable after more than one year29 | - | €233,000 | €396,787 | €306,611 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €233,000 | €396,787 | €306,611 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €1.4m | €1.1m | €78,311 | €553,909 | €558,946 | ▲ 0.9% |
| Stocks30/36 | - | €1.1m | €78,311 | €553,909 | €558,946 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €173,552 | €47,976 | €138,011 | €94,033 | €319,250 | ▲ 240% |
| Trade receivables40 | - | €8,924 | €73,374 | €41,265 | €15,964 | ▼ 61.3% |
| Other amounts receivable41 | - | €39,052 | €64,637 | €52,768 | €303,286 | ▲ 475% |
| Cash at bank and in hand54/58 | €124,083 | €712,513 | €263,476 | €1,885 | €1,231 | ▼ 34.7% |
| Deferred charges and accrued income490/1 | - | €353 | €367 | €135 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €2.1m | €893,500 | €973,415 | €896,057 | ▼ 7.9% |
| Equity10/15 | -€93,776 | €42,386 | -€51,083 | -€240,806 | -€418,109 | ▼ 73.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €23,786 | €23,786 | €21,926 | €21,926 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €21,926 | €21,926 | €21,926 | €21,926 | = |
| Profit (loss) carried forward14 | -€114,236 | - | -€93,469 | -€281,332 | -€458,634 | ▼ 63.0% |
| Amounts payable17/49 | €1.8m | €2.1m | €944,583 | €1.2m | €1.3m | ▲ 8.2% |
| Amounts payable after more than one year17 | €1.5m | - | - | - | - | - |
| Amounts payable within one year42/48 | €80,241 | €2.1m | €944,583 | €1.2m | €1.3m | ▲ 7.7% |
| Financial debts43 | - | €2.0m | €900,000 | €1.2m | €1.3m | ▲ 9.1% |
| Credit institutions430/8 | - | €2.0m | €900,000 | €1.2m | €1.3m | ▲ 9.1% |
| Trade debts44 | €48,561 | €60,388 | €23,895 | €28,805 | €18,129 | ▼ 37.1% |
| Suppliers440/4 | - | €60,388 | €23,895 | €28,805 | €18,129 | ▼ 37.1% |
| Taxes, remuneration and social security45 | - | €9,110 | €15,618 | €226 | €5 | ▼ 97.7% |
| Taxes450/3 | - | €9,110 | €15,618 | €226 | €5 | ▼ 97.7% |
| Other amounts payable47/48 | - | €341 | €5,070 | €3,660 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €6,460 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€49,705 | €136,161 | -€93,469 | -€189,723 | -€177,303 | ▲ 6.5% |
| + Depreciation and write-downs630 | €290 | €1,009 | €1,209 | €931 | €212 | ▼ 77.2% |
| Operating cash flow (approximation) | -€49,416 | €137,170 | -€92,260 | -€188,792 | -€177,090 | ▲ 6.2% |
| Investment in fixed assets (approximation) | - | -€4,555 | -€11,195 | -€1,226 | €0 | ▲ 100% |
| Change in cash | - | €588,430 | -€449,036 | -€261,592 | -€654 | ▲ 99.8% |
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
2025
20-10
Bankruptcy
Change of trustee
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 14-10-2025
15-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 07-10-2025
24-09
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent · CHARLOTTE GEERAERT
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€189,723
Net result drops to -€189,723, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €136,161
Net result €136,161 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 12current ratio 21.13
Current ratio from 1.83 to 21.13; short-term debt falls from €243,493 to €80,241.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 1.83
Current ratio from 0.76 to 1.83.
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Temse · 1 establishment unit since 2010
Ground area
216 m²
Building footprint
112 m²
Volume, LiDAR
978 m³
Parcel 46302D0729/02G009, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MICANA BVBA
since 20102.192.346.191
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46302D0729/02G009 | Flanders | 216 m² | 1 · 112 m² | 13.7 m · 4 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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN COLPAERT HULSTBAAN 233A, 9112 SINAAI-WAAS |
14-10-2025 → present |
| Curator | HEIDI DE CAUWER HOUTEN SCHOEN 14, 9100 SINT-
NIKLAAS |
07-10-2025 → present |
| Interim administrator | CHARLOTTE GEERAERT | 24-09-2025 → present |
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 4,733 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0827023879
Also
9925:BE0827023879
Registered
21-09-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.