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Michel FRANCIS

Open bankruptcy
Private limited company (pre-2019)founded 1998Rue Frère Orban 55, 6020 Charleroi, BelgiumKBO/BCE: BE 0464.185.778

A bankruptcy procedure is open for Michel FRANCIS according to publications in the Belgian Official Gazette; trustee: Isabelle Bronkaert.

Summary

The 2020 annual accounts show equity of €305,495 and a net result of €78,721.

Michel FRANCISOpen bankruptcy

Are you a creditor?

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
Enterprise Court of Hainaut, Charleroi division
Declared bankrupt
10 January 2022
Supervising judge
Anna Cecconello
Official Gazette
14-01-2022 (pdf) ↗search the document for 2022/100820

Deadlines

Provisional date payments stopped
10 January 2022A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 29 January 2022Fifteen 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 9 February 2022art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 9 March 2022Reclaim 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 10 January 2023A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

  • Isabelle BronkaertChaussee De Thuin 164, 6032 Mont-Sur-Marchienneavocat.bronkaert@bbaasrl.be

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. Follow the file in RegSol: the trustee's reports appear there.
  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.

View the file in RegSol ↗ 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
Insulation installation
NACE 43230
1 site
Size
€431,236total assets 2020
Equity
€305,495
Profit
€78,721
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
1 deed in the Belgian Official Gazette
Signalsraises riskOpen bankruptcy2020 accounts filed 31 days lateShow the evidence

Signals

Two signals.
raises risk
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
raises risk · 2020 accounts filed 31 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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
2020
31 days late
2019
48 days late
2018
42 days late
2017
31 days late
2016
58 days late
2015
60 days late
2014
28 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 43 days after the deadline; the sector median (NACE 43) for financial year 2020 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Supervising judge replacedEnterprise Court of Hainaut, Charleroi…
  2. OpeningEnterprise Court of Hainaut, Charleroi…
  3. Annual accounts filedfinancial year 2020 · micro…

Key points

  • Risk: Declared bankrupttrustee: Isabelle Bronkaert 10-01-2022 View
  • Positive: Equity rose in 2020from €241,774 to €305,495 ▲ 26.4% View
  • Total assets 20203 financial years filed €431,236 View

By topic

Financials

Financial year
2020
Total assets
€431,236
Profit
€78,721
Solvency
70.8%
Total assets▲ 16.5%
Net result
20182020
Go to Financials

Timeline

Events
26
Since
2000
  1. 31-12-2020Highest result from 2018 to 2020
  2. 17-09-2020Annual accounts filed
  3. 31-12-2019Equity above €200,000
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Insulation installationNACE 43230
Founded
23-09-1998
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Key facts about Michel FRANCIS

What is the company number of Michel FRANCIS?
0464.185.778. In Belgium the VAT number is the company number with BE in front: BE 0464.185.778.
Where was Michel FRANCIS based?
The last known address of the registered office is Rue Frère Orban 55, 6020 Charleroi.Company details
What does Michel FRANCIS do?
According to the KBO register, the main activity is insulation installation (NACE 43230).
What is the legal form of Michel FRANCIS?
Private limited company (pre-2019) (BVBA).
When was Michel FRANCIS founded?
On 23-09-1998.
Is Michel FRANCIS still active?
A bankruptcy is running: a bankruptcy trustee manages the company.
What is the turnover of Michel FRANCIS?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is Michel FRANCIS profitable?
In financial year 2020, Michel FRANCIS made a profit of €78,721.
Where can I find the annual accounts of Michel FRANCIS?
Michel FRANCIS filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2020.

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