Network Group
Open bankruptcyA bankruptcy procedure is open for Network Group according to publications in the Belgian State Gazette; curator: THOMAS VULHOPP.
Summary
The 2022 annual accounts show negative equity (-€446,598) and a net result of -€319,049.
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 Walloon Brabant
- Declared bankrupt
- 10 October 2024
- Supervising judge
- Frederic Romain
- Official Gazette
- 16-10-2024 (pdf) ↗search the document for 2024/139377
Curator
- Thomas VulhoppRue De Clairvaux 40, 1348 Louvain-La-Neuvethomas.vulhopp@walk.law
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
Two signals.
+raises risk
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 Retail sale of clothing and accessories for women, men, children and babies (general range) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
-€446,598▼ 250%
2021 · -€127,549
Total assets
€184,158▼ 27.5%
2021 · €254,060
Net result
-€319,049▼ 2,083%
2021 · -€14,615
Working capital
-€463,929▼ 225%
2021 · -€142,603
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
Line20182019202020212022
Operating result-€43,153--€12,955▲ 70.0%-€11,589-€301,072▼ 2,498%
Net result-€46,688--€18,147▲ 61.1%-€14,615-€319,049▼ 2,083%
Equity-€36,688--€54,835▼ 49.5%-€54,835=-€127,549▼ 133%-€446,598▼ 250%
Total assets€71,428-€86,693▲ 21.4%€86,693=€254,060▲ 193%€184,158▼ 27.5%
Debt€108,116-€141,528▲ 30.9%€141,528=€381,609▲ 170%€630,757▲ 65.3%
Working capital-€25,155--€50,162▼ 99.4%-€50,162=-€142,603▼ 184%-€463,929▼ 225%
Staff (FTE)0.9-2.63.6▲ 38.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €301,072 in 2022 against €11,589 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €184,158
Fixed assets
€17,331 ▲ 8.8%
Current assets
€166,827 ▼ 29.9%
Key figures and ratios
EBITDA
-€297,252▼
2021 · -€9,873
Cash flow
-€315,228▼
2021 · -€12,898
Solvency
-242.5%▼
2021 · -50.2%
Current ratio
0.26▼
2021 · 0.63
Quick ratio
0.06▼
2021 · 0.13
Debt to equity
-1.41▲
2021 · -2.99
ROA
-173.2%▼
2021 · -5.8%
Interest coverage
-55.56▼
2021 · -8.26
Debt ≤ 1 year
€630,757▲
2021 · €380,737
Income taxes
€9,391
Staff costs
€122,122▲
2021 · €64,842
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €29 | - |
| Remuneration, social security and pensions62 | - | - | - | €64,842 | €122,122 | ▲ 88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,003 | €669 | - | €1,716 | €3,821 | ▲ 123% |
| Other operating charges640/8 | - | - | - | €310 | €327 | ▲ 5.3% |
| Gross operating margin9900 | €5,763 | €36,472 | - | €55,279 | -€174,803 | ▼ 416% |
| Operating profit (loss)9901 | -€43,153 | -€12,955 | - | -€11,589 | -€301,072 | ▼ 2,498% |
| Financial income75/76B | - | - | - | €5,550 | €2,352 | ▼ 57.6% |
| Recurring financial income75 | €57 | €1 | - | €1,504 | €2,185 | ▲ 45.3% |
| Non-recurring financial income76B | - | - | - | €4,046 | €167 | ▼ 95.9% |
| Financial charges65/66B | - | - | - | €8,576 | €10,938 | ▲ 27.6% |
| Recurring financial charges65 | €3,593 | €2,153 | - | €1,195 | €5,350 | ▲ 348% |
| Non-recurring financial charges66B | - | - | - | €7,380 | €5,588 | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | -€46,688 | -€18,147 | - | -€14,615 | -€309,658 | ▼ 2,019% |
| Income taxes67/77 | - | - | - | - | €9,391 | - |
| Profit (loss) for the period9904 | -€46,688 | -€18,147 | - | -€14,615 | -€319,049 | ▼ 2,083% |
| Profit (loss) for the period to be appropriated9905 | -€46,688 | -€18,147 | - | -€14,615 | -€319,049 | ▼ 2,083% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,428 | €86,693 | €86,693 | €254,060 | €184,158 | ▼ 27.5% |
| Fixed assets21/28 | €8,341 | €7,672 | €7,672 | €15,925 | €17,331 | ▲ 8.8% |
| Tangible fixed assets22/27 | €2,341 | €1,672 | €1,672 | €9,199 | €10,605 | ▲ 15.3% |
| Plant, machinery and equipment23 | - | - | - | €7,896 | €6,125 | ▼ 22.4% |
| Furniture and vehicles24 | - | - | - | €1,303 | €4,480 | ▲ 244% |
| Financial fixed assets28 | €6,000 | €6,000 | €6,000 | €6,726 | €6,726 | = |
| Current assets29/58 | €63,087 | €79,020 | €79,020 | €238,135 | €166,827 | ▼ 29.9% |
| Stocks and contracts in progress3 | €31,320 | €57,826 | €57,826 | €190,264 | €130,264 | ▼ 31.5% |
| Stocks30/36 | - | - | - | €190,264 | €130,264 | ▼ 31.5% |
| Amounts receivable within one year40/41 | €18,057 | €7,695 | €7,695 | €2,056 | €2,912 | ▲ 41.6% |
| Other amounts receivable41 | - | - | - | €2,056 | €2,912 | ▲ 41.6% |
| Current investments50/53 | - | - | - | €23,651 | €23,651 | = |
| Cash at bank and in hand54/58 | €10,238 | €12,841 | €12,841 | €6,396 | €8,710 | ▲ 36.2% |
| Deferred charges and accrued income490/1 | - | - | - | €15,767 | €1,290 | ▼ 91.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,428 | €86,693 | €86,693 | €254,060 | €184,158 | ▼ 27.5% |
| Equity10/15 | -€36,688 | -€54,835 | -€54,835 | -€127,549 | -€446,598 | ▼ 250% |
| Contributions10/11 | €10,000 | €10,000 | - | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€46,688 | -€64,835 | -€64,835 | -€137,549 | -€456,598 | ▼ 232% |
| Amounts payable17/49 | €108,116 | €141,528 | €141,528 | €381,609 | €630,757 | ▲ 65.3% |
| Amounts payable after more than one year17 | €19,874 | €12,345 | €12,345 | €872 | - | - |
| Financial debts170/4 | - | - | - | €872 | - | - |
| Amounts payable within one year42/48 | €88,242 | €129,183 | €129,183 | €380,737 | €630,757 | ▲ 65.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,048 | €872 | ▼ 87.6% |
| Financial debts43 | - | - | - | - | €87,904 | - |
| Credit institutions430/8 | - | - | - | - | €87,904 | - |
| Trade debts44 | €65,551 | €15,324 | €15,324 | €43,809 | €196,236 | ▲ 348% |
| Suppliers440/4 | - | - | - | €43,809 | €196,236 | ▲ 348% |
| Taxes, remuneration and social security45 | - | - | - | €17,350 | €95,155 | ▲ 448% |
| Taxes450/3 | - | - | - | €8,017 | €68,210 | ▲ 751% |
| Remuneration and social security454/9 | - | - | - | €9,334 | €26,945 | ▲ 189% |
| Other amounts payable47/48 | - | - | - | €312,530 | €250,590 | ▼ 19.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,688 | -€18,147 | - | -€14,615 | -€319,049 | ▼ 2,083% |
| + Depreciation and write-downs630 | €1,003 | €669 | - | €1,716 | €3,821 | ▲ 123% |
| Operating cash flow (approximation) | -€45,685 | -€17,478 | - | -€12,898 | -€315,228 | ▼ 2,344% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€9,969 | -€5,227 | ▲ 47.6% |
| Change in cash | - | €2,603 | €0 | -€6,444 | €2,313 | ▲ 136% |
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
16-10
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 10-10-2024
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 256 days late
2023
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 209 days late
2022
31-12
Financial
Weakest financial yearnet -€319,049
Net result drops to -€319,049, the lowest in the series.
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 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, Wavre · 1 establishment unit since 2017
Ground area
6,746 m²
Building footprint
4,049 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Evidence Mode
since 20172.266.513.777
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772G0140/00P000 | Wallonia | 6,544 m² | 1 · 3,995 m² | - |
| 25772G0292/00W002 | Wallonia | 203 m² | 1 · 54 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 | THOMAS VULHOPP RUE DE CLAIRVAUX 40,
1348 LOUVAIN-LA-NEUVE |
10-10-2024 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,495 companies in sector 47716 we hold annual accounts for 2,439. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Contact
E-mail
networkgroup@outlook.beWavre
Phone
010/246383Wavre
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.