Mr. Sholy
Open bankruptcySummary
A bankruptcy procedure is open for Mr. Sholy according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (-€40,969) and a net result of -€83,761.
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, Hasselt division
- Declared bankrupt
- 14 November 2024
- Supervising judge
- Rene Achten
- Official Gazette
- 10-12-2024 (pdf) ↗search the document for 2024/148092
Deadlines
- Provisional date payments stopped
- 31 October 2024Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- File the claim in RegSol until
- passed on 14 December 2024art. XX.104 and XX.155 CEL
- Appeal or third-party opposition until
- passed on 25 December 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 26 December 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 14 November 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Michael WarsonKunstlaan 18 Bus 6, 3500 Hasseltinfo@solvimus.be
- Tom RenckensKunst- Laan 18 Bus 6, 3500 Hasselttom@solvimus.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
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-09-2024, 42 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
42 d late
2022
407 d late
2021
106 d late
2020
117 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 159 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 Insulation installation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€83,761▲ 16.0%
2022 · -€99,669
Working capital
-€41,736▼ 138%
2022 · -€17,506
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20192020202120222023
Operating result-€12,015€2,878€43,631▲ 1,416%-€98,445-€79,918▲ 18.8%
Net result-€26,621-€3,206below the sector's middle half▲ 88.0%€42,194within the sector's middle half-€99,669below the sector's middle half-€83,761below the sector's middle half▲ 16.0%
Equity€48,129▼ 35.6%€44,923within the sector's middle half▼ 6.7%€87,117within the sector's middle half▲ 93.9%-€12,552below the sector's middle half-€40,969below the sector's middle half▼ 226%
Total assets€150,567▲ 21.7%€208,853within the sector's middle half▲ 38.7%€281,986within the sector's middle half▲ 35.0%€77,516within the sector's middle half▼ 72.5%€48,503below the sector's middle half▼ 37.4%
Debt€102,438▲ 109%€163,930▲ 60.0%€194,869▲ 18.9%€90,068▼ 53.8%€89,472▼ 0.7%
Working capital€27,634▼ 37.0%€13,734below the sector's middle half▼ 50.3%€46,267within the sector's middle half▲ 237%-€17,506below the sector's middle half-€41,736below the sector's middle half▼ 138%
Solvency32.0%▼ 28.5pp21.5%within the sector's middle half▼ 10.5pp30.9%within the sector's middle half▲ 9.4pp-16.2%below the sector's middle half▼ 47.1pp-84.5%below the sector's middle half▼ 68.3pp
Current ratio1.27▼ 0.631.09below the sector's middle half▼ 0.181.26within the sector's middle half▲ 0.180.79below the sector's middle half▼ 0.470.44below the sector's middle half▼ 0.35
Return on assets (ROA)-17.7%▼ 31.2pp-1.5%below the sector's middle half▲ 16.1pp15.0%above the sector's middle half▲ 16.5pp-128.6%below the sector's middle half▼ 143.5pp-172.7%below the sector's middle half▼ 44.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €79,918 in 2023 against €98,445 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €48,503
Fixed assets
€15,767 ▲ 40.1%
Current assets
€32,736 ▼ 50.6%
Key figures and ratios
EBITDA
-€79,181▼
2022 · -€48,882
Cash flow
-€83,024▼
2022 · -€50,106
Debt to equity
-2.18▲
2022 · -7.18
Interest coverage
-127.10▼
2022 · -39.94
Debt ≤ 1 year
€74,472▼
2022 · €83,768
Income taxes
€1,510
Staff costs
€46,440▼
2022 · €155,137
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €100,803 | €155,137 | €46,440 | ▼ 70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,611 | €22,189 | €16,338 | €49,563 | €737 | ▼ 98.5% |
| Other operating charges640/8 | - | - | €34,392 | €21,316 | €19,710 | ▼ 7.5% |
| Non-recurring operating charges66A | - | - | - | €39,807 | €78,257 | ▲ 96.6% |
| Gross operating margin9900 | €126,418 | €148,726 | €195,164 | €167,378 | €65,226 | ▼ 61.0% |
| Operating profit (loss)9901 | -€12,015 | €2,878 | €43,631 | -€98,445 | -€79,918 | ▲ 18.8% |
| Financial charges65/66B | - | - | €952 | €1,224 | €2,333 | ▲ 90.6% |
| Recurring financial charges65 | €725 | €633 | €952 | €1,224 | €623 | ▼ 49.1% |
| Non-recurring financial charges66B | - | - | - | - | €1,710 | - |
| Profit (loss) for the period before taxes9903 | -€12,740 | €2,245 | €42,679 | -€99,669 | -€82,251 | ▲ 17.5% |
| Income taxes67/77 | €13,881 | €5,451 | €485 | - | €1,510 | - |
| Profit (loss) for the period9904 | -€26,621 | -€3,206 | €42,194 | -€99,669 | -€83,761 | ▲ 16.0% |
| Profit (loss) for the period to be appropriated9905 | -€26,621 | -€3,206 | €42,194 | -€99,669 | -€83,761 | ▲ 16.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €150,567 | €208,853 | €281,986 | €77,516 | €48,503 | ▼ 37.4% |
| Fixed assets21/28 | €20,495 | €40,056 | €60,817 | €11,254 | €15,767 | ▲ 40.1% |
| Tangible fixed assets22/27 | €9,978 | €29,539 | €50,300 | €737 | - | - |
| Furniture and vehicles24 | - | - | €50,300 | €737 | - | - |
| Financial fixed assets28 | €10,517 | €10,517 | €10,517 | €10,517 | €15,767 | ▲ 49.9% |
| Current assets29/58 | €130,072 | €168,797 | €221,169 | €66,262 | €32,736 | ▼ 50.6% |
| Amounts receivable within one year40/41 | €123,701 | €136,819 | €138,941 | €63,895 | €8,682 | ▼ 86.4% |
| Trade receivables40 | - | - | €138,941 | €48,071 | €8,682 | ▼ 81.9% |
| Other amounts receivable41 | - | - | - | €15,824 | - | - |
| Cash at bank and in hand54/58 | €6,371 | €10,099 | €13,958 | €2,367 | €24,054 | ▲ 916% |
| Deferred charges and accrued income490/1 | - | - | €68,270 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €150,567 | €208,853 | €281,986 | €77,516 | €48,503 | ▼ 37.4% |
| Equity10/15 | €48,129 | €44,923 | €87,117 | -€12,552 | -€40,969 | ▼ 226% |
| Contributions10/11 | €18,610 | €18,610 | €18,610 | €18,610 | €18,610 | = |
| Capital10 | - | - | €18,610 | €18,610 | - | - |
| Issued capital100 | - | - | €18,610 | €18,610 | - | - |
| Outside capital11 | - | - | - | - | €18,610 | - |
| Other1109/19 | - | - | - | - | €18,610 | - |
| Profit (loss) carried forward14 | €29,519 | €26,313 | €68,507 | -€31,162 | -€59,579 | ▼ 91.2% |
| Amounts payable17/49 | €102,438 | €163,930 | €194,869 | €90,068 | €89,472 | ▼ 0.7% |
| Amounts payable after more than one year17 | - | €8,867 | €19,967 | €6,300 | - | - |
| Financial debts170/4 | - | - | €19,967 | €6,300 | - | - |
| Amounts payable within one year42/48 | €102,438 | €155,063 | €174,902 | €83,768 | €74,472 | ▼ 11.1% |
| Current portion of amounts payable after more than one year42 | - | - | €22,761 | €13,666 | €6,495 | ▼ 52.5% |
| Financial debts43 | - | - | - | €615 | - | - |
| Credit institutions430/8 | - | - | - | €615 | - | - |
| Trade debts44 | €68,057 | €119,033 | €129,855 | €64,208 | €49,136 | ▼ 23.5% |
| Suppliers440/4 | - | - | €96,006 | €64,208 | €49,136 | ▼ 23.5% |
| Bills of exchange payable441 | - | - | €33,849 | - | - | - |
| Advances received on contracts in progress46 | - | - | - | - | €10,632 | - |
| Taxes, remuneration and social security45 | - | - | €18,776 | €5,279 | €8,209 | ▲ 55.5% |
| Taxes450/3 | - | - | €18,776 | €5,279 | €5,695 | ▲ 7.9% |
| Remuneration and social security454/9 | - | - | - | - | €2,514 | - |
| Other amounts payable47/48 | - | - | €3,510 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €15,000 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,621 | -€3,206 | €42,194 | -€99,669 | -€83,761 | ▲ 16.0% |
| + Depreciation and write-downs630 | €13,611 | €22,189 | €16,338 | €49,563 | €737 | ▼ 98.5% |
| Operating cash flow (approximation) | -€13,010 | €18,983 | €58,532 | -€50,106 | -€83,024 | ▼ 65.7% |
| Investment in fixed assets (approximation) | - | -€41,750 | -€37,099 | €0 | -€5,250 | - |
| Change in cash | - | €3,728 | €3,859 | -€11,591 | €21,687 | ▲ 287% |
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
10-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 14-11-2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
10-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 407 days late
2022
31-12
Financial
Weakest financial yearnet -€99,669
Net result drops to -€99,669, the lowest in the series.
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 106 days late
2021
31-12
Financial
Back to profitnet €42,194
Net result €42,194 after 2 loss-making years.
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 117 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 60 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 92 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Genk · 1 establishment unit since 2015
Ground area
2,762 m²
Building footprint
222 m²
Volume, LiDAR
1,073 m³
Parcel 71306G0221/00F072, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mr. Sholy
since 20152.237.531.563
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71306G0221/00F072 | Flanders | 2,762 m² | 1 · 222 m² | 6.5 m · 2 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MICHAEL WARSON KUNSTLAAN 18 BUS 6,
3500 HASSELT |
14-11-2024 → present |
| Curator | TOM RENCKENS KUNST-
LAAN 18 BUS 6, 3500 HASSELT |
14-11-2024 → present |
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Of 4,269 companies in sector 43230 we hold annual accounts for 1,241. 1,045 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)
Founded11-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43350Other building finishing work
47241Retail sale of bread and pastry (bakery outlets)
47640Retail sale of games and toys
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
49410Freight transport by road
Contact
E-mail
sholy_tranport@hotmail.comGenk
Phone
0484/ 70 90 80Genk
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.