NAKO
Open bankruptcyA bankruptcy procedure is open for NAKO according to publications in the Belgian State Gazette; curator: ELLEN DE GEETER.
Summary
The 2023 annual accounts show negative equity (-€172,781) and a net result of -€65,907.
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, Kortrijk division
- Declared bankrupt
- 26 June 2025
- Supervising judge
- Rik Dekyvere
- Official Gazette
- 02-07-2025 (pdf) ↗search the document for 2025/129014
Deadlines
- Provisional date payments stopped
- 26 June 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 17 July 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 26 July 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 12 August 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
- passed on 26 June 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Ellen De GeeterDoorniksewijk 134, 8500 Kort- Rijkinfo@ellendegeeter.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 13-09-2024, 44 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
not filed
2023
44 d late
2022
56 d late
2021
40 d early
2020
31 d early
2019
37 d early
← 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 2 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 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 2023, abbreviated schema
Equity
-€172,781▼ 61.7%
2022 · -€106,874
Total assets
€456,552▲ 6.0%
2022 · €430,705
Net result
-€65,907
2022 · €2,172
Working capital
-€153,544▼ 14.4%
2022 · -€134,211
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
Line20192020202120222023
Operating result-€14,934▲ 46.5%€197€76,717▲ 38,783%€12,913▼ 83.2%-€62,430
Net result-€33,056▲ 50.6%-€28,574below the sector's middle half▲ 13.6%€32,378within the sector's middle half€2,172within the sector's middle half▼ 93.3%-€65,907below the sector's middle half
Equity-€112,849▼ 41.4%-€141,423below the sector's middle half▼ 25.3%-€109,045below the sector's middle half▲ 22.9%-€106,874below the sector's middle half▲ 2.0%-€172,781below the sector's middle half▼ 61.7%
Total assets€340,009▲ 1.1%€217,281within the sector's middle half▼ 36.1%€270,756within the sector's middle half▲ 24.6%€430,705within the sector's middle half▲ 59.1%€456,552within the sector's middle half▲ 6.0%
Debt€452,857▲ 8.8%€358,704▼ 20.8%€379,801▲ 5.9%€537,579▲ 41.5%€629,333▲ 17.1%
Working capital-€362,251▼ 38.0%-€318,151below the sector's middle half▲ 12.2%-€137,951below the sector's middle half▲ 56.6%-€134,211below the sector's middle half▲ 2.7%-€153,544below the sector's middle half▼ 14.4%
Solvency-33.2%▼ 9.5pp-65.1%below the sector's middle half▼ 31.9pp-40.3%below the sector's middle half▲ 24.8pp-24.8%below the sector's middle half▲ 15.5pp-37.8%below the sector's middle half▼ 13.0pp
Current ratio0.18▼ 0.150.08below the sector's middle half▼ 0.100.64below the sector's middle half▲ 0.560.75within the sector's middle half▲ 0.110.73within the sector's middle half▼ 0.02
Return on assets (ROA)-9.7%▲ 10.1pp-13.2%below the sector's middle half▼ 3.4pp12.0%within the sector's middle half▲ 25.1pp0.5%within the sector's middle half▼ 11.5pp-14.4%below the sector's middle half▼ 14.9pp
Staff (FTE)14▲ 14.8%15.6above the sector's middle half▲ 11.4%16.2above the sector's middle half▲ 3.8%15.9above the sector's middle half▼ 1.9%15.8above the sector's middle half▼ 0.6%
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €62,430 after €12,913 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €456,552
Fixed assets
€32,029 ▲ 16.9%
Current assets
€424,523 ▲ 5.3%
Key figures and ratios
EBITDA
-€55,710▼
2022 · €19,750
Cash flow
-€59,187▼
2022 · €9,008
Quick ratio
0.72▼
2022 · 0.75
Debt to equity
-3.64▲
2022 · -5.03
Interest coverage
-17.50▼
2022 · 1.86
Debt ≤ 1 year
€578,068▲
2022 · €537,517
Income taxes
€315▲
2022 · €294
Staff costs
€710,038▲
2022 · €598,822
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 | - | - | €246,277 | €598,822 | €710,038 | ▲ 18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,028 | €14,949 | €12,744 | €6,836 | €6,720 | ▼ 1.7% |
| Other operating charges640/8 | - | - | €22,421 | €14,104 | €15,450 | ▲ 9.5% |
| Gross operating margin9900 | €592,258 | €268,017 | €358,160 | €632,676 | €669,777 | ▲ 5.9% |
| Operating profit (loss)9901 | -€14,934 | €197 | €76,717 | €12,913 | -€62,430 | ▼ 583% |
| Financial income75/76B | - | - | €183 | €192 | €21 | ▼ 88.8% |
| Recurring financial income75 | €1,135 | €243 | €183 | €192 | €21 | ▼ 88.8% |
| Financial charges65/66B | - | - | €44,252 | €10,640 | €3,183 | ▼ 70.1% |
| Recurring financial charges65 | €18,993 | €12,060 | €44,252 | €10,640 | €3,183 | ▼ 70.1% |
| Profit (loss) for the period before taxes9903 | -€32,791 | -€11,619 | €32,648 | €2,465 | -€65,592 | ▼ 2,760% |
| Income taxes67/77 | €264 | €16,955 | €270 | €294 | €315 | ▲ 7.3% |
| Profit (loss) for the period9904 | -€33,056 | -€28,574 | €32,378 | €2,172 | -€65,907 | ▼ 3,135% |
| Profit (loss) for the period to be appropriated9905 | -€33,056 | -€28,574 | €32,378 | €2,172 | -€65,907 | ▼ 3,135% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €340,009 | €217,281 | €270,756 | €430,705 | €456,552 | ▲ 6.0% |
| Fixed assets21/28 | €261,807 | €189,234 | €28,906 | €27,399 | €32,029 | ▲ 16.9% |
| Tangible fixed assets22/27 | €31,371 | €23,798 | €17,218 | €15,710 | €11,340 | ▼ 27.8% |
| Land and buildings22 | - | - | €1,230 | €615 | - | - |
| Plant, machinery and equipment23 | - | - | €12,286 | €12,532 | €9,916 | ▼ 20.9% |
| Furniture and vehicles24 | - | - | €3,701 | €2,563 | €1,425 | ▼ 44.4% |
| Financial fixed assets28 | €230,436 | €165,436 | €11,689 | €11,689 | €20,689 | ▲ 77.0% |
| Current assets29/58 | €78,201 | €28,047 | €241,850 | €403,306 | €424,523 | ▲ 5.3% |
| Amounts receivable after more than one year29 | - | - | €153,748 | €303,748 | €303,748 | = |
| Other amounts receivable291 | - | - | €153,748 | €303,748 | €303,748 | = |
| Stocks and contracts in progress3 | €10,681 | €1,931 | €2,417 | €2,853 | €7,727 | ▲ 171% |
| Stocks30/36 | - | - | €2,417 | €2,853 | €7,727 | ▲ 171% |
| Amounts receivable within one year40/41 | €14,142 | €23,551 | €43,485 | €26,695 | €30,012 | ▲ 12.4% |
| Trade receivables40 | - | - | €3,635 | €22,013 | €24,061 | ▲ 9.3% |
| Other amounts receivable41 | - | - | €39,850 | €4,682 | €5,950 | ▲ 27.1% |
| Cash at bank and in hand54/58 | €48,962 | - | €39,622 | €64,508 | €79,955 | ▲ 23.9% |
| Deferred charges and accrued income490/1 | - | - | €2,578 | €5,502 | €3,083 | ▼ 44.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €340,009 | €217,281 | €270,756 | €430,705 | €456,552 | ▲ 6.0% |
| Equity10/15 | -€112,849 | -€141,423 | -€109,045 | -€106,874 | -€172,781 | ▼ 61.7% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €14,737 | €14,737 | €14,737 | €14,737 | €14,737 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | €7,781 | €7,781 | €7,781 | = |
| Distributable reserves133 | - | - | €5,095 | €5,095 | €5,095 | = |
| Profit (loss) carried forward14 | -€146,185 | -€174,759 | -€142,382 | -€140,210 | -€206,118 | ▼ 47.0% |
| Amounts payable17/49 | €452,857 | €358,704 | €379,801 | €537,579 | €629,333 | ▲ 17.1% |
| Amounts payable after more than one year17 | €12,315 | €12,315 | - | - | - | - |
| Amounts payable within one year42/48 | €440,453 | €346,198 | €379,800 | €537,517 | €578,068 | ▲ 7.5% |
| Current portion of amounts payable after more than one year42 | - | - | €7,257 | - | - | - |
| Trade debts44 | €346,330 | €315,222 | €336,257 | €471,556 | €510,189 | ▲ 8.2% |
| Suppliers440/4 | - | - | €336,257 | €471,556 | €510,189 | ▲ 8.2% |
| Taxes, remuneration and social security45 | - | - | €36,287 | €64,325 | €67,422 | ▲ 4.8% |
| Taxes450/3 | - | - | €18,305 | €27,833 | €24,436 | ▼ 12.2% |
| Remuneration and social security454/9 | - | - | €17,982 | €36,492 | €42,986 | ▲ 17.8% |
| Other amounts payable47/48 | - | - | - | €1,636 | €456 | ▼ 72.1% |
| Accrued charges and deferred income492/3 | - | - | €1 | €62 | €51,266 | ▲ 82,506% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,056 | -€28,574 | €32,378 | €2,172 | -€65,907 | ▼ 3,135% |
| + Depreciation and write-downs630 | €21,028 | €14,949 | €12,744 | €6,836 | €6,720 | ▼ 1.7% |
| Operating cash flow (approximation) | -€12,028 | -€13,625 | €45,122 | €9,008 | -€59,187 | ▼ 757% |
| Investment in fixed assets (approximation) | - | €57,625 | €147,583 | -€5,329 | -€11,350 | ▼ 113% |
| Change in cash | - | - | - | €24,886 | €15,446 | ▼ 37.9% |
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
02-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 26-06-2025
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 44 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 56 days late
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €32,378
Net result €32,378 after 3 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
25-06
NBB filing
Annual accounts filed
fiscal year 2014 · 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, Kortrijk · 1 establishment unit since 2004
Ground area
4.9 ha
Building footprint
1.5 ha
Parcel 34352B0962/00W000, Flanders. Linked by address, not a title deed.
1 establishment unit
Intermezzo
since 20042.135.390.266
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352B0962/00W000 | Flanders | 4.9 ha | 1 · 1.5 ha | - |
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 | ELLEN DE GEETER DOORNIKSEWIJK 134, 8500 KORT-
RIJK |
26-06-2025 → present |
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 6,794 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)
Founded19-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.