NC BOURSE
Open bankruptcyA bankruptcy procedure is open for NC BOURSE according to publications in the Belgian State Gazette; curator: ALAIN GOLDSCHMIDT.
Summary
The 2020 annual accounts show equity of €141,190 and a net result of -€56,094.
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
- 6 December 2021
- Supervising judge
- Marianne Marcelis
- Official Gazette
- 13-12-2021 (pdf) ↗search the document for 2021/143392
Curator
- Alain GoldschmidtChaussee De La Hulpe 150, 1170 03 Watermael-Boitsfortag@bdcg.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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. Full guide for creditors
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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 31-12-2020 was due by 31-07-2021 and was filed on 09-09-2021, 40 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
not filed
2022
not filed
2021
not filed
2020
40 d late
2019
83 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 62 days after 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 Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check 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 2020, abbreviated schema
Equity
€141,190▼ 28.4%
2019 · €197,284
Total assets
€477,228▼ 2.4%
2019 · €488,764
Net result
-€56,094
2019 · €338,936
Working capital
€130,707▲ 4,142%
2019 · €3,081
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€43,260-€328,756▲ 660%-€64,156
Net result€44,971-€338,936▲ 654%-€56,094
Equity-€136,982-€197,284€141,190▼ 28.4%
Total assets€372,421-€488,764▲ 31.2%€477,228▼ 2.4%
Debt€509,403-€280,032▼ 45.0%€324,591▲ 15.9%
Working capital-€349,909-€3,081€130,707▲ 4,142%
Staff (FTE)2.5-17▲ 580%20.2▲ 18.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2019 Net result +654%, Staff (FTE) +580% on 2018. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €64,156 after €328,756 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €477,228
Fixed assets
€156,245 ▼ 24.0%
Current assets
€320,984 ▲ 13.4%
Equity and liabilities €477,228
Equity
€141,190 ▼ 28.4%
Provisions
€11,448 =
Debt
€324,591 ▲ 15.9%
Debt's share of the balance-sheet total rises from 57.3% to 68.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€15,164▼
2019 · €377,748
Cash flow
-€7,101▼
2019 · €387,928
Current ratio
1.69▲
2019 · 1.01
ROE
-39.7%▼
2019 · 171.8%
ROA
-11.8%▼
2019 · 69.3%
Debt ≤ 1 year
€190,276▼
2019 · €280,032
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,593 | €48,992 | €48,992 | = |
| Gross operating margin9900 | €145,592 | €803,694 | €169,787 | ▼ 78.9% |
| Operating profit (loss)9901 | €43,260 | €328,756 | -€64,156 | ▼ 120% |
| Recurring financial income75 | €4,797 | €11,751 | €10,491 | ▼ 10.7% |
| Recurring financial charges65 | €3,086 | €5,919 | €2,429 | ▼ 59.0% |
| Profit (loss) for the period before taxes9903 | €44,971 | €338,936 | -€56,094 | ▼ 117% |
| Profit (loss) for the period9904 | €44,971 | €338,936 | -€56,094 | ▼ 117% |
| Profit (loss) for the period to be appropriated9905 | €44,971 | €338,936 | -€56,094 | ▼ 117% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €372,421 | €488,764 | €477,228 | ▼ 2.4% |
| Fixed assets21/28 | €212,928 | €205,650 | €156,245 | ▼ 24.0% |
| Intangible fixed assets21 | €40,000 | €32,000 | €24,000 | ▼ 25.0% |
| Tangible fixed assets22/27 | €172,878 | €173,237 | €132,245 | ▼ 23.7% |
| Financial fixed assets28 | €50 | €413 | - | - |
| Current assets29/58 | €159,493 | €283,114 | €320,984 | ▲ 13.4% |
| Stocks and contracts in progress3 | €12,321 | €3,894 | - | - |
| Amounts receivable within one year40/41 | €76,985 | €222,252 | €255,533 | ▲ 15.0% |
| Cash at bank and in hand54/58 | €70,188 | €55,788 | €65,451 | ▲ 17.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €372,421 | €488,764 | €477,228 | ▼ 2.4% |
| Equity10/15 | -€136,982 | €197,284 | €141,190 | ▼ 28.4% |
| Contributions10/11 | €305,171 | €305,171 | €305,171 | = |
| Profit (loss) carried forward14 | -€470,176 | -€131,240 | -€187,334 | ▼ 42.7% |
| Provisions and deferred taxes16 | - | €11,448 | €11,448 | = |
| Amounts payable17/49 | €509,403 | €280,032 | €324,591 | ▲ 15.9% |
| Amounts payable within one year42/48 | €509,403 | €280,032 | €190,276 | ▼ 32.1% |
| Trade debts44 | €6,738 | €129,297 | €16,201 | ▼ 87.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,971 | €338,936 | -€56,094 | ▼ 117% |
| + Depreciation and write-downs630 | €45,593 | €48,992 | €48,992 | = |
| Operating cash flow (approximation) | €90,564 | €387,928 | -€7,101 | ▼ 102% |
| Investment in fixed assets (approximation) | - | -€41,715 | €413 | ▲ 101% |
| Change in cash | - | -€14,399 | €9,662 | ▲ 167% |
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
2021
13-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 06-12-2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 40 days late
2020
31-12
Financial
Weakest financial yearnet -€56,094
Net result drops to -€56,094, the lowest in the series.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 83 days late
2019
31-12
Financial
Highest result since 2018net €338,936 ▲654%
Operating result €328,756, net result €338,936, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.01
Current ratio from 0.31 to 1.01; short-term debt falls from €509,403 to €280,032.
31-12
Financial
Equity above €150,000Eq €197,284
2 profitable years in a row build equity to €197,284.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
2015
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Show earlier events
2014
23-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
29-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
02-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 2 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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 2014
Ground area
119 m²
Building footprint
116 m²
Volume, LiDAR
2,788 m³
Parcel 21004A0276/00F000, Brussels · tallest building 26.7 m, ±8 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
The Avocado Show
since 20142.230.993.763
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A0276/00F000 | Brussels | 119 m² | 1 · 116 m² | 26.7 m · 8 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN GOLDSCHMIDT CHAUSSEE DE LA HULPE 150,
1170 03 WATERMAEL-BOITSFORT |
06-12-2021 → present |
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 9,138 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
56301Cafés and bars
Contact
E-mail
duy.le@web.de
Phone
0486368966
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.