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NEW MARKET

Open bankruptcy
Public limited companyfounded 1984Rue du Tige 13, 4040 Herstal, BelgiumKBO/BCE: BE 0425.814.261

A bankruptcy procedure is open for NEW MARKET according to publications in the Belgian Official Gazette; trustee: Leon Leduc.

Summary

The 2017 annual accounts show negative equity (-€1.5m) and a net result of -€719,301.

NEW MARKETOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
Commercial Court of Liège, Liège division
Declared bankrupt
10 September 2018
Supervising judge
Myriam Graillet
Official Gazette
21-09-2018 (pdf) ↗search the document for 2018/137802

Deadlines

Appeal or third-party opposition until
passed on 6 October 2018Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 10 October 2018art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 25 October 2018Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
passed on 10 September 2019A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

  • Leon LeducPlace De Bronckart 1, 4000 Liege 1l.leduc@avocat.be

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Development of residential building projects
NACE 68121
1 site
Size
€11.1mtotal assets 2017
Staff
5.8 FTE
Equity
-€1.5m
Loss
-€719,301
Financial health
Open bankruptcy: no score
Structure
5 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 10-07-2018, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2017
21 days early
2016
19 days early
2015
17 days early
2014
22 days early
2013
23 days early
2012
23 days early
2011
27 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 22 days before the deadline; the sector median (NACE 68) for financial year 2017 is 7 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Supervising judge replacedEnterprise Court of Liège, Liège…
  2. OpeningCommercial Court of Liège, Liège…
  3. Annual accounts filedfinancial year 2017 · full…

Key points

  • Risk: Declared bankrupttrustee: Leon Leduc 10-09-2018 View
  • Caution: Equity fell in 2017from -€766,605 to -€1.5m ▼ 93.8% View
  • Total assets 20175 financial years filed €11.1m View

By topic

Financials

Financial year
2017
Total assets
€11.1m
Loss
-€719,301
Solvency
-13.4%
Total assets▲ 11.8%
Net result
20132017
Go to Financials

Timeline

Events
37
Since
1985
  1. 12-07-2017Annual accounts filed
  2. 14-07-2016Annual accounts filed
  3. 31-12-2015Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
19-04-1984
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Key facts about NEW MARKET

What is the company number of NEW MARKET?
0425.814.261. In Belgium the VAT number is the company number with BE in front: BE 0425.814.261.
Where was NEW MARKET based?
The last known address of the registered office is Rue du Tige 13, 4040 Herstal.Company details
What does NEW MARKET do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of NEW MARKET?
Public limited company (NV).
When was NEW MARKET founded?
On 19-04-1984.
Is NEW MARKET still active?
A bankruptcy is running: a bankruptcy trustee manages the company.
How many employees did NEW MARKET have?
On average 5.8 full-time equivalents in financial year 2017, according to the filed annual accounts.Financials
What is the turnover of NEW MARKET?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is NEW MARKET profitable?
In financial year 2017, NEW MARKET made a loss of €719,301.
Where can I find the annual accounts of NEW MARKET?
NEW MARKET filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2017.

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