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MINERVA CYCLING

Open bankruptcy
Public limited companyfounded 1997Bargiestraat 32, 8900 Ieper, BelgiumKBO/BCE: BE 0459.761.588
Summary

A bankruptcy procedure is open for MINERVA CYCLING according to publications in the Belgian Official Gazette. The 2022 annual accounts show equity of €2.6m and a net result of -€1.4m.

MINERVA CYCLINGOpen 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 Ghent, Ypres division
Declared bankrupt
7 June 2024
Supervising judge
Nikolas Dejonckheere
Official Gazette
12-06-2024 (pdf) ↗search the document for 2024/124084

Deadlines

Provisional date payments stopped
7 June 2024A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 27 June 2024Fifteen 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 7 July 2024art. XX.104 and XX.155, Code of Economic Law
Late claim until
passed on 7 June 2025A 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. 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
Wholesale trade
NACE 46496
6 sites
Size
€21.4mturnover 2022
Staff
19.9 FTE
Equity
€2.6m
Loss
-€1.4m
Financial health
Open bankruptcy: no score
Structure
0 of 9 deeds read
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow 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 · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 07-07-2023, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2022
24 days early
2021
16 days early
2020
88 days early
2019
31 days early
2018
64 days early
2017
14 days early
2016
3 days early
← 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 34 days before the deadline; the sector median (NACE 46) for financial year 2022 is 3 days before the deadline, and 42% 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. OpeningEnterprise Court of Ghent, Ypres…
  2. Annual accounts filedfinancial year 2022 · full…
  3. Weakest financial yearnet -€1.4m

Key points

  • Risk: Declared bankrupttrustee: Peter Dewitte 07-06-2024 View
  • Caution: From profit to loss in 2022after €523,143 in 2021 -€1.4m View
  • Turnover 20225 financial years filed €21.4m View

By topic

Financials

Financial year
2022
Turnover
€21.4m
Loss
-€1.4m
Solvency
28.7%
Turnover▼ 29.5%
Net result
20182022
Go to Financials

Timeline

Events
31
Since
1998
  1. 15-07-2022Annual accounts filed
  2. 31-12-2021Highest result from 2018 to 2022
  3. 31-12-2021Liquidity more than doubled
Go to Timeline

Company details

Sites
6
Legal form
Public limited company
Activity
Wholesale tradeNACE 46496
Founded
10-01-1997
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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