NEPTUNUS
BankruptcySummary
The KBO register records for NEPTUNUS the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2017 annual accounts show negative equity (-€239,637) and a net result of -€540,512.
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Ghent, Bruges division
- Opened
- 14 December 2018
- Track
- Reorganisation by transfer under court supervision
- Docket number
- 20180035
- Moratorium until
- 8 March 2019 (passed; an extension would be in a later judgment)
- Delegated judge
- Marleen Hoste
- Official Gazette
- 20-12-2018 (pdf) ↗search the document for 2018/153825
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- A court officer sells the business or part of it; creditors are paid from the proceeds, according to their ranking.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, 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 · Latest accounts filed on time
The financial year that closed on 30-09-2017 was due by 30-04-2018 and was filed on 27-04-2018, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?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?Process a list How is the Wholesale trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2017, abbreviated schema
Equity
-€239,637
2016 · €300,876
Total assets
€1.5m▼ 43.4%
2016 · €2.6m
Net result
-€540,512▼ 213%
2016 · -€172,579
Working capital
-€504,784▼ 246%
2016 · -€146,030
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20132014201520162017
Operating result-€111,534--€136,514▼ 22.4%-€306,571▼ 125%-€59,016▲ 80.7%-€449,501▼ 662%
Net result-€82,795--€156,991▼ 89.6%-€428,903▼ 173%-€172,579▲ 59.8%-€540,512▼ 213%
Equity€259,349-€102,358▼ 60.5%-€326,545€300,876-€239,637
Total assets€2.3m-€3.0m▲ 27.8%€2.6m▼ 11.6%€2.6m▲ 1.2%€1.5m▼ 43.4%
Debt€2.1m-€2.9m▲ 38.9%€2.9m▲ 3.0%€2.3m▼ 20.3%€1.7m▼ 25.9%
Working capital-€248,681--€533,604▼ 115%-€796,984▼ 49.4%-€146,030▲ 81.7%-€504,784▼ 246%
Staff (FTE)26.7-29.5▲ 10.5%29.7▲ 0.7%27.9▼ 6.1%15▼ 46.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2017 Net result -213% on 2016. The previous fiscal year ran 9 months, this one 12.
- 2016 Net result +60% on 2015. This fiscal year ran 9 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €449,501 in 2017 against €59,016 in 2016; the loss grows and 2017 has the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €1.4m
Fixed assets
€356,714 ▼ 43.4%
Current assets
€995,773 ▼ 43.2%
Key figures and ratios
EBITDA
-€172,731▼
2016 · €188,828
Cash flow
-€263,743▼
2016 · €75,265
Solvency
-16.0%▼
2016 · 11.4%
Current ratio
0.66▼
2016 · 0.92
Debt to equity
-0.99▼
2016 · 1.49
ROA
-36.1%▼
2016 · -6.5%
Debt ≤ 1 year
€1.5m▼
2016 · €1.9m
Debt > 1 year
€237,761▼
2016 · €446,979
Income taxes
€676▲
2016 · €189
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €261,270 | €373,015 | €369,877 | €247,845 | €276,770 | ▲ 11.7% |
| Gross operating margin9900 | €1.6m | €1.4m | €1.4m | €1.2m | €747,664 | ▼ 37.3% |
| Operating profit (loss)9901 | -€111,534 | -€136,514 | -€306,571 | -€59,016 | -€449,501 | ▼ 662% |
| Recurring financial income75 | €45,512 | €14,236 | €10,909 | €3,130 | €26,921 | ▲ 760% |
| Recurring financial charges65 | €21,475 | €40,042 | €144,115 | €118,995 | €117,255 | ▼ 1.5% |
| Profit (loss) for the period before taxes9903 | -€82,381 | -€156,991 | -€428,777 | -€172,390 | -€539,836 | ▼ 213% |
| Income taxes67/77 | €414 | - | €126 | €189 | €676 | ▲ 257% |
| Profit (loss) for the period9904 | -€82,795 | -€156,991 | -€428,903 | -€172,579 | -€540,512 | ▼ 213% |
| Profit (loss) for the period to be appropriated9905 | -€82,795 | -€156,991 | -€428,903 | -€172,579 | -€540,512 | ▼ 213% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €3.0m | €2.6m | €2.6m | €1.5m | ▼ 43.4% |
| Formation expenses20 | - | €467,823 | €350,867 | €263,150 | €146,195 | ▼ 44.4% |
| Fixed assets21/28 | €655,585 | €1.4m | €1.1m | €630,734 | €356,714 | ▼ 43.4% |
| Intangible fixed assets21 | €106,898 | €95,021 | €86,473 | €76,316 | €62,774 | ▼ 17.7% |
| Tangible fixed assets22/27 | €548,147 | €813,275 | €691,257 | €553,878 | €293,401 | ▼ 47.0% |
| Financial fixed assets28 | €540 | €540 | €540 | €540 | €540 | = |
| Current assets29/58 | €1.7m | €1.6m | €1.5m | €1.8m | €995,773 | ▼ 43.2% |
| Stocks and contracts in progress3 | €118,631 | €100,126 | €125,474 | - | - | - |
| Amounts receivable within one year40/41 | €1.3m | €1.3m | €1.2m | €1.5m | €670,976 | ▼ 54.7% |
| Current investments50/53 | €50,000 | €83,242 | €8,491 | - | - | - |
| Cash at bank and in hand54/58 | €178,710 | €103,013 | €91,867 | €266,467 | €298,233 | ▲ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €3.0m | €2.6m | €2.6m | €1.5m | ▼ 43.4% |
| Equity10/15 | €259,349 | €102,358 | -€326,545 | €300,876 | -€239,637 | ▼ 180% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €801,000 | €801,000 | = |
| Reserves13 | €117,366 | €117,366 | €117,366 | €117,366 | €117,366 | = |
| Profit (loss) carried forward14 | €116,983 | -€40,008 | -€468,911 | -€617,490 | -€1.2m | ▼ 87.5% |
| Amounts payable17/49 | €2.1m | €2.9m | €2.9m | €2.3m | €1.7m | ▼ 25.9% |
| Amounts payable after more than one year17 | €131,305 | €740,697 | €632,138 | €446,979 | €237,761 | ▼ 46.8% |
| Amounts payable within one year42/48 | €1.9m | €2.1m | €2.3m | €1.9m | €1.5m | ▼ 21.0% |
| Trade debts44 | €1.4m | €1.4m | €1.7m | €1.2m | €1.2m | ▲ 0.1% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€82,795 | -€156,991 | -€428,903 | -€172,579 | -€540,512 | ▼ 213% |
| + Depreciation and write-downs630 | €261,270 | €373,015 | €369,877 | €247,845 | €276,770 | ▲ 11.7% |
| Operating cash flow (approximation) | €178,475 | €216,024 | -€59,026 | €75,265 | -€263,743 | ▼ 450% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€122,355 | €250,558 | -€2,750 | ▼ 101% |
| Change in cash | - | -€75,697 | -€11,146 | €174,600 | €31,767 | ▼ 81.8% |
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
2018
20-12
Judicial reorganisation
Extension
Ondernemingsrechtbank Gent, afdeling Brugge · court-supervised transfer · event 14-12-2018
21-09
Judicial reorganisation
Transfer under judicial authority
Rechtbank van koophandel Gent · court-supervised transfer
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-09
Financial
Weakest financial yearnet -€540,512
Net result drops to -€540,512, the lowest in the series.
13-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-09
Financial
Equity above €200,000Eq €300,876
Equity rises from -€326,545 to €300,876.
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
26-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
10-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
30-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
04-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 4 days late
2010
10-08
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 10 days late
2009
14-08
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 14 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oostende · 1 establishment unit since 1988
Ground area
8,459 m²
Building footprint
4,902 m²
Parcel 35026A0108/00F002, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BVBA NEPTUNUS
since 19882.036.016.142
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35026A0108/00F002 | Flanders | 8,459 m² | 1 · 4,902 m² | - |
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.
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Of 231 companies in sector 46323 we hold annual accounts for 155. 121 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)
Founded25-02-1988
Fiscal year end30-09
Activities, NACEBEL 2025
46323Wholesale trade
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 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.