NAPPAS
Open bankruptcyA bankruptcy procedure is open for NAPPAS according to publications in the Belgian State Gazette; curator: SOPHIE VANHOMWEGEN.
Summary
The file additionally contains 1 administrative flag. The 2024 annual accounts show equity of €34,542 and a net result of €18,969.
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
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 20 April 2026
- Supervising judge
- Le Grelle Bruno
- Official Gazette
- 24-04-2026 (pdf) ↗search the document for 2026/118034
Deadlines
- Appeal or third-party opposition until
- passed on 9 May 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 20 May 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 27 May 2026Goods 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
- 20 April 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Sophie VanhomwegenDreve Des Renards 8/7, 1180 Ucclesophie@dechamps-avocat.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
Four 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 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
5 d late
2023
97 d late
2022
64 d early
2021
65 d early
2020
18 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 2 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
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 Joinery installation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€193,178▲ 162%
2021 · €73,853
EBIT margin
6.1%▼ 0.4pp
2021 · 6.4%
Net result
€18,969▲ 771%
2023 · €2,178
Working capital
€21,399▲ 104%
2023 · €10,506
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
Line20202021202220232024
Turnover€73,853€193,178▲ 162%
Operating result-€459-€4,746€11,688▲ 146%€7,897▼ 32.4%€32,327▲ 309%
Net result-€627below the sector's middle half-€2,965within the sector's middle half€7,079within the sector's middle half▲ 139%€2,178within the sector's middle half▼ 69.2%€18,969within the sector's middle half▲ 771%
EBIT margin6.4%6.1%▼ 0.4pp
Equity€3,352below the sector's middle half-€6,317below the sector's middle half▲ 88.4%€13,395below the sector's middle half▲ 112%€15,573below the sector's middle half▲ 16.3%€34,542within the sector's middle half▲ 122%
Total assets€3,352below the sector's middle half-€44,567below the sector's middle half▲ 1,230%€43,711below the sector's middle half▼ 1.9%€77,196within the sector's middle half▲ 76.6%€105,326within the sector's middle half▲ 36.4%
Debt€38,251€30,315▼ 20.7%€61,623▲ 103%€70,784▲ 14.9%
Working capital€3,947below the sector's middle half€9,023within the sector's middle half▲ 129%€10,506within the sector's middle half▲ 16.4%€21,399within the sector's middle half▲ 104%
Solvency14.2%below the sector's middle half30.6%within the sector's middle half▲ 16.5pp20.2%below the sector's middle half▼ 10.5pp32.8%within the sector's middle half▲ 12.6pp
Current ratio1.10below the sector's middle half1.30within the sector's middle half▲ 0.191.17within the sector's middle half▼ 0.131.30within the sector's middle half▲ 0.13
Return on assets (ROA)6.7%within the sector's middle half16.2%within the sector's middle half▲ 9.5pp2.8%within the sector's middle half▼ 13.4pp18.0%above the sector's middle half▲ 15.2pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 309% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €105,326
Fixed assets
€13,143 ▲ 159%
Current assets
€92,183 ▲ 27.8%
Equity and liabilities €105,326
Equity
€34,542 ▲ 122%
Debt
€70,784 ▲ 14.9%
Debt's share of the balance-sheet total falls from 79.8% to 67.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35,718▲
2023 · €9,846
Cash flow
€22,360▲
2023 · €4,127
Debt to equity
2.05▼
2023 · 3.96
ROE
54.9%▲
2023 · 14.0%
Interest coverage
4.72▲
2023 · 2.39
Debt ≤ 1 year
€70,784▲
2023 · €61,623
Income taxes
€5,860▲
2023 · €1,604
Staff costs
€4,059▲
2023 · €2,766
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €73,853 | €193,178 | - | - | - |
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €67,865 | €178,510 | - | - | - |
| Remuneration, social security and pensions62 | - | €190 | €990 | €2,766 | €4,059 | ▲ 46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €166 | €1,361 | €1,949 | €3,391 | ▲ 74.0% |
| Other operating charges640/8 | - | €886 | €1,294 | €5,819 | €5,152 | ▼ 11.5% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €0 | €5,988 | €15,333 | €18,431 | €44,928 | ▲ 144% |
| Operating profit (loss)9901 | -€459 | €4,746 | €11,688 | €7,897 | €32,327 | ▲ 309% |
| Financial income75/76B | - | €95 | €0 | €1 | €63 | ▲ 4,392% |
| Recurring financial income75 | - | €95 | €0 | €1 | €63 | ▲ 4,392% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €1,058 | €2,650 | €4,116 | €7,561 | ▲ 83.7% |
| Recurring financial charges65 | €168 | €1,058 | €2,650 | €4,116 | €7,561 | ▲ 83.7% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€627 | €3,783 | €9,039 | €3,782 | €24,828 | ▲ 557% |
| Income taxes67/77 | - | €818 | €1,960 | €1,604 | €5,860 | ▲ 265% |
| Profit (loss) for the period9904 | -€627 | €2,965 | €7,079 | €2,178 | €18,969 | ▲ 771% |
| Profit (loss) for the period to be appropriated9905 | -€627 | €2,965 | €7,079 | €2,178 | €18,969 | ▲ 771% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,352 | €44,567 | €43,711 | €77,196 | €105,326 | ▲ 36.4% |
| Fixed assets21/28 | - | €2,370 | €4,372 | €5,067 | €13,143 | ▲ 159% |
| Intangible fixed assets21 | - | - | €887 | €687 | €487 | ▼ 29.1% |
| Tangible fixed assets22/27 | - | €2,370 | €3,486 | €4,176 | €11,746 | ▲ 181% |
| Plant, machinery and equipment23 | - | €2,370 | €3,486 | €4,176 | €2,106 | ▼ 49.6% |
| Furniture and vehicles24 | - | - | - | - | €9,640 | - |
| Financial fixed assets28 | - | - | - | €205 | €910 | ▲ 344% |
| Current assets29/58 | €3,352 | €42,198 | €39,338 | €72,129 | €92,183 | ▲ 27.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €38,844 | - |
| Other amounts receivable291 | - | - | - | - | €38,844 | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €505 | €35,480 | €31,134 | €62,341 | €45,902 | ▼ 26.4% |
| Trade receivables40 | - | €22,765 | €15,503 | €22,079 | €42,150 | ▲ 90.9% |
| Other amounts receivable41 | - | €12,715 | €15,631 | €40,262 | €3,752 | ▼ 90.7% |
| Cash at bank and in hand54/58 | €2,847 | €6,556 | €7,289 | €1,988 | €7,137 | ▲ 259% |
| Deferred charges and accrued income490/1 | - | €163 | €915 | €7,800 | €300 | ▼ 96.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,352 | €44,567 | €43,711 | €77,196 | €105,326 | ▲ 36.4% |
| Equity10/15 | €3,352 | €6,317 | €13,395 | €15,573 | €34,542 | ▲ 122% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | €0 | - | - | - | - |
| Uncalled capital101 | - | €0 | - | - | - | - |
| Outside capital11 | - | €6,200 | - | - | - | - |
| Other1109/19 | - | €6,200 | - | - | - | - |
| Profit (loss) carried forward14 | -€2,848 | €117 | €7,195 | €9,373 | €28,342 | ▲ 202% |
| Amounts payable17/49 | - | €38,251 | €30,315 | €61,623 | €70,784 | ▲ 14.9% |
| Amounts payable within one year42/48 | - | €38,251 | €30,315 | €61,623 | €70,784 | ▲ 14.9% |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | - | €25,686 | €19,181 | €48,138 | €55,371 | ▲ 15.0% |
| Suppliers440/4 | - | €25,686 | €19,181 | €48,138 | €55,371 | ▲ 15.0% |
| Advances received on contracts in progress46 | - | €5,025 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €818 | €4,413 | €7,102 | €9,393 | ▲ 32.3% |
| Taxes450/3 | - | €818 | €4,413 | €7,102 | €9,375 | ▲ 32.0% |
| Remuneration and social security454/9 | - | - | - | - | €18 | - |
| Other amounts payable47/48 | - | €6,721 | €6,721 | €6,383 | €6,020 | ▼ 5.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€627 | €2,965 | €7,079 | €2,178 | €18,969 | ▲ 771% |
| + Depreciation and write-downs630 | - | €166 | €1,361 | €1,949 | €3,391 | ▲ 74.0% |
| Operating cash flow (approximation) | -€627 | €3,131 | €8,440 | €4,127 | €22,360 | ▲ 442% |
| Investment in fixed assets (approximation) | - | - | -€3,364 | -€2,644 | -€11,466 | ▼ 334% |
| Change in cash | - | €3,708 | €734 | -€5,301 | €5,149 | ▲ 197% |
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
2026
24-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 20-04-2026
30-03
KBO administration
Address struck
event 17-12-2025
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Highest result since 2020net €18,969 ▲771%
Operating result €32,327, net result €18,969, both a record.
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 97 days late
2023
28-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,965
Net result €2,965 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brussel · 1 establishment unit since 2021
Ground area
3,379 m²
Building footprint
307 m²
2 parcels, Brussels, Wallonia. Linked by address, not a title deed.
1 establishment unit
NAPPAS
since 20212.315.564.402
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91001C0131/00N005 | Wallonia | 1,968 m² | 1 · 307 m² | - |
| 21004A1454/00Z000 | Brussels | 1,411 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | SOPHIE VANHOMWEGEN DREVE DES RENARDS 8/7,
1180 UCCLE |
20-04-2026 → present |
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 6,988 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
Founded28-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43120Site preparation
Contact
E-mail
secretariatnappas@gmail.com
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.