MILAN
Open bankruptcyA bankruptcy procedure is open for MILAN according to publications in the Belgian State Gazette; curator: BARBARA HEYSSE.
Summary
The 2022 annual accounts show equity of €133,442 and a net result of €77,531.
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 Antwerp, Antwerp division
- Declared bankrupt
- 6 June 2024
- Supervising judge
- Pascal De Clippel
- Official Gazette
- 21-06-2024 (pdf) ↗search the document for 2024/125583
Deadlines
- Provisional date payments stopped
- 6 June 2024A later judgment can change the date.art. XX.105 CEL
- File the claim in RegSol until
- passed on 6 July 2024art. XX.104 and XX.155 CEL
- Appeal or third-party opposition until
- passed on 6 July 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 2 August 2024Goods 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 6 June 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Barbara HeysseEsmoreitlaan 5, 2050 Antwerpen 5b.heysse@esmoreit.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.
+raises risk
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?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€133,442▲ 139%
2021 · €55,911
Total assets
€477,099▲ 69.4%
2021 · €281,625
Net result
€77,531▼ 26.3%
2021 · €105,190
Working capital
€131,944▲ 141%
2021 · €54,733
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20182019202020212022
Operating result€32,601-€38,962▲ 19.5%-€45,711€121,393€81,576▼ 32.8%
Net result€26,975-€28,464▲ 5.5%-€49,462below the sector's middle half€105,190above the sector's middle half€77,531above the sector's middle half▼ 26.3%
Equity-€28,281-€183-€49,279below the sector's middle half€55,911within the sector's middle half€133,442above the sector's middle half▲ 139%
Total assets€176,631-€208,284▲ 17.9%€185,510within the sector's middle half▼ 10.9%€281,625within the sector's middle half▲ 51.8%€477,099above the sector's middle half▲ 69.4%
Debt€204,912-€208,101▲ 1.6%€234,790▲ 12.8%€225,714▼ 3.9%€343,658▲ 52.3%
Working capital-€30,292-€183-€49,279within the sector's middle half€54,733within the sector's middle half€131,944above the sector's middle half▲ 141%
Solvency-16.0%-0.1%▲ 16.1pp-26.6%below the sector's middle half▼ 26.7pp19.9%within the sector's middle half▲ 46.4pp28.0%within the sector's middle half▲ 8.1pp
Current ratio0.85-1.00▲ 0.150.79within the sector's middle half▼ 0.211.24within the sector's middle half▲ 0.451.38within the sector's middle half▲ 0.14
Return on assets (ROA)15.3%-13.7%▼ 1.6pp-26.7%below the sector's middle half▼ 40.3pp37.4%above the sector's middle half▲ 64.0pp16.3%above the sector's middle half▼ 21.1pp
Staff (FTE)12.3-11.1▼ 9.8%6.6within the sector's middle half▼ 40.5%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 falls in 2022; 2022 is 33% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €477,099
Fixed assets
€1,498 ▲ 27.2%
Current assets
€475,601 ▲ 69.6%
Equity and liabilities €477,099
Equity
€133,442 ▲ 139%
Debt
€343,658 ▲ 52.3%
Debt's share of the balance-sheet total falls from 80.1% to 72.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82,396▼
2021 · €121,628
Cash flow
€78,350▼
2021 · €105,426
Quick ratio
1.37▲
2021 · 1.22
Debt to equity
2.58▼
2021 · 4.04
ROE
58.1%▼
2021 · 188.1%
Interest coverage
20.36▼
2021 · 27.03
Debt ≤ 1 year
€343,658▲
2021 · €225,714
Staff costs
€239,771▲
2021 · €99,167
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €67,029 | €99,167 | €239,771 | ▲ 142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,011 | €2,011 | - | €236 | €819 | ▲ 248% |
| Other operating charges640/8 | - | - | €3,006 | €4,681 | €365 | ▼ 92.2% |
| Non-recurring operating charges66A | - | - | €15,958 | €3,650 | - | - |
| Gross operating margin9900 | €413,863 | €415,876 | €40,283 | €229,126 | €322,531 | ▲ 40.8% |
| Operating profit (loss)9901 | €32,601 | €38,962 | -€45,711 | €121,393 | €81,576 | ▼ 32.8% |
| Financial income75/76B | - | - | €70 | €107 | €2 | ▼ 98.4% |
| Recurring financial income75 | €0 | - | €70 | €107 | €2 | ▼ 98.4% |
| Financial charges65/66B | - | - | €3,822 | €4,500 | €4,047 | ▼ 10.1% |
| Recurring financial charges65 | €5,626 | €8,730 | €3,822 | €4,500 | €4,047 | ▼ 10.1% |
| Profit (loss) for the period before taxes9903 | €26,975 | €30,231 | -€49,462 | €117,000 | €77,531 | ▼ 33.7% |
| Income taxes67/77 | - | €1,768 | - | €11,810 | - | - |
| Profit (loss) for the period9904 | €26,975 | €28,464 | -€49,462 | €105,190 | €77,531 | ▼ 26.3% |
| Profit (loss) for the period to be appropriated9905 | €26,975 | €28,464 | -€49,462 | €105,190 | €77,531 | ▼ 26.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €176,631 | €208,284 | €185,510 | €281,625 | €477,099 | ▲ 69.4% |
| Fixed assets21/28 | €2,011 | - | - | €1,178 | €1,498 | ▲ 27.2% |
| Tangible fixed assets22/27 | €2,011 | - | - | €1,178 | €1,498 | ▲ 27.2% |
| Plant, machinery and equipment23 | - | - | - | €1,178 | €1,498 | ▲ 27.2% |
| Current assets29/58 | €174,620 | €208,284 | €185,510 | €280,447 | €475,601 | ▲ 69.6% |
| Stocks and contracts in progress3 | €6,101 | €13,543 | €3,331 | €5,389 | €5,389 | = |
| Stocks30/36 | - | - | €3,331 | €5,389 | €5,389 | = |
| Amounts receivable within one year40/41 | €102,230 | €104,980 | €120,450 | €123,138 | €166,430 | ▲ 35.2% |
| Trade receivables40 | - | - | €22,580 | €24,860 | €23,871 | ▼ 4.0% |
| Other amounts receivable41 | - | - | €97,871 | €98,278 | €142,559 | ▲ 45.1% |
| Cash at bank and in hand54/58 | €66,290 | €89,761 | €61,729 | €151,920 | €303,182 | ▲ 99.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €601 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €176,631 | €208,284 | €185,510 | €281,625 | €477,099 | ▲ 69.4% |
| Equity10/15 | -€28,281 | €183 | -€49,279 | €55,911 | €133,442 | ▲ 139% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €0 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | €0 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | €18,600 | - | - | - |
| Other1109/19 | - | - | €18,600 | - | - | - |
| Profit (loss) carried forward14 | -€46,881 | -€18,417 | -€67,879 | €37,311 | €114,842 | ▲ 208% |
| Amounts payable17/49 | €204,912 | €208,101 | €234,790 | €225,714 | €343,658 | ▲ 52.3% |
| Amounts payable within one year42/48 | €204,912 | €208,101 | €234,790 | €225,714 | €343,658 | ▲ 52.3% |
| Trade debts44 | €38,144 | €23,516 | €77,331 | €44,343 | €94,006 | ▲ 112% |
| Suppliers440/4 | - | - | €77,331 | €44,343 | €94,006 | ▲ 112% |
| Taxes, remuneration and social security45 | - | - | €122,542 | €169,624 | €248,625 | ▲ 46.6% |
| Taxes450/3 | - | - | €122,542 | €158,648 | €248,625 | ▲ 56.7% |
| Remuneration and social security454/9 | - | - | - | €10,976 | - | - |
| Other amounts payable47/48 | - | - | €34,917 | €11,747 | €1,027 | ▼ 91.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,975 | €28,464 | -€49,462 | €105,190 | €77,531 | ▼ 26.3% |
| + Depreciation and write-downs630 | €2,011 | €2,011 | - | €236 | €819 | ▲ 248% |
| Operating cash flow (approximation) | €28,986 | €30,475 | -€49,462 | €105,426 | €78,350 | ▼ 25.7% |
| Investment in fixed assets (approximation) | - | - | - | - | -€1,140 | - |
| Change in cash | - | €23,471 | -€28,032 | €90,191 | €151,262 | ▲ 67.7% |
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
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 436 days late
21-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 06-06-2024
2023
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 185 days late
2022
31-12
Financial
Equity above €100,000Eq €133,442 ▲139%
2 profitable years in a row build equity to €133,442.
20-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 324 days late
2021
31-12
Financial
Back to profitnet €105,190
Net result €105,190 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 381 days late
2020
31-12
Financial
Weakest financial yearnet -€49,462
Net result drops to -€49,462, the lowest in the series.
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2016
Ground area
9,609 m²
Parcel 11807G2133/00F004, Flanders. Linked by address, not a title deed.
1 establishment unit
Hollywood
since 20162.257.442.990
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G2133/00F004 | Flanders | 9,609 m² | - | - |
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 | BARBARA HEYSSE ESMOREITLAAN 5,
2050 ANTWERPEN 5 |
06-06-2024 → present |
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 9,226 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 (pre-2019)
Founded10-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.