NM
Open bankruptcyAre 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
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 10 February 2025
- Supervising judge
- Laurent Nys
- Official Gazette
- 14-02-2025 (pdf) ↗search the document for 2025/106477
Deadlines
- Appeal or third-party opposition until
- passed on 1 March 2025Fifteen 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 12 March 2025art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 19 March 2025Reclaim 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 February 2026A 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
- Charles De la Vallee PoussinAvenue Louise 349, Bte 17, 1050 Ixellesc.delavallee@dlvp.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- 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 ↗
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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
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811
1 site
Size
€11total assets 2023
- Equity
- -€26,654
- Loss
- -€44,015
Financial health
Open bankruptcy: no score
Structure
1 of 5 deeds summarised
Signalsraises riskOpen bankruptcyAdministrative warnings in the KBO publicationsShow the evidence
Signals
Two signals.
raises risk
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Late accounts filingAddress struck
- OpeningFrench-language Enterprise Court of Brussels…
- Address struckevent 24-07-2024
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2023, full format
2023 annual accounts filed late (123 days) Filed on 1 December 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00609308.
Turnover
€16,855▼ 90.0%
2021 · €168,603
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€44,015▲ 3.3%
2022 · -€45,537
Working capital
-€26,654▼ 848%
2022 · -€2,812
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €44,015 in 2023 against €45,537 in 2022; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€16,855
2022
Operating result-€44,015
2023
Net result-€44,015
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€11
2023
Equity-€26,654
2023
Debt€26,665
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€26,654
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-159.6%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency60.9%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.75
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€44,988-€62,527▲ 39.0%€78,985▲ 26.3%€168,603▲ 113%€16,855▼ 90.0%
Operating result-€60,389--€31,613▲ 47.7%€12,393€124,632▲ 906%-€45,537-€44,015▲ 3.3%
Net result-€60,389--€31,613▲ 47.7%€12,393within the sector's middle half€123,907within the sector's middle half▲ 900%-€45,537below the sector's middle half-€44,015below the sector's middle half▲ 3.3%
Equity-€41,789--€73,402▼ 75.6%-€61,009below the sector's middle half▲ 16.9%€44,298below the sector's middle half€17,361below the sector's middle half▼ 60.8%-€26,654below the sector's middle half
Total assets€74,207-€47,309▼ 36.2%€85,558below the sector's middle half▲ 80.8%€47,745below the sector's middle half▼ 44.2%€28,526below the sector's middle half▼ 40.3%€11below the sector's middle half▼ 100.0%
Debt€115,996-€120,711▲ 4.1%€146,567▲ 21.4%€3,447▼ 97.6%€11,165▲ 224%€26,665▲ 139%
Working capital-€43,892--€74,802▼ 70.4%-€61,009below the sector's middle half▲ 18.4%€44,298within the sector's middle half-€2,812within the sector's middle half-€26,654below the sector's middle half▼ 848%
Solvency-56.3%--155.2%▼ 98.8pp-71.3%below the sector's middle half▲ 83.8pp92.8%above the sector's middle half▲ 164.1pp60.9%above the sector's middle half▼ 31.9pp
Current ratio0.62-0.38▼ 0.240.58below the sector's middle half▲ 0.2013.85above the sector's middle half▲ 13.270.75below the sector's middle half▼ 13.10
Return on assets (ROA)-81.4%--66.8%▲ 14.6pp14.5%above the sector's middle half▲ 81.3pp259.5%above the sector's middle half▲ 245.0pp-159.6%below the sector's middle half▼ 419.2pp
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Key figures and ratios
EBITDA
-€23,842
Cash flow
-€23,842
Debt ≤ 1 year
€26,665▲
2022 · €11,165
Staff costs
€6,950▼
2022 · €17,500
Ratios withheld: a balance sheet total of €11 is too small for a meaningful ratio.
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 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €44,988 | €62,527 | €78,985 | €168,603 | €16,855 | - | - |
| Non-recurring operating income76A | - | - | - | €3,000 | €28,800 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €101,965 | €89,522 | €66,592 | €40,427 | €44,892 | €16,892 | ▼ 62.4% |
| Remuneration, social security and pensions62 | - | - | - | €6,314 | €17,500 | €6,950 | ▼ 60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €20,173 | - |
| Other operating charges640/8 | €3,412 | €4,658 | - | €230 | - | - | - |
| Gross operating margin9900 | -€56,977 | -€26,955 | €12,393 | €131,176 | -€28,037 | -€16,892 | ▲ 39.8% |
| Operating profit (loss)9901 | -€60,389 | -€31,613 | €12,393 | €124,632 | -€45,537 | -€44,015 | ▲ 3.3% |
| Financial charges65/66B | - | - | - | €725 | - | - | - |
| Recurring financial charges65 | - | - | - | €725 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€60,389 | -€31,613 | €12,393 | €123,907 | -€45,537 | -€44,015 | ▲ 3.3% |
| Profit (loss) for the period9904 | -€60,389 | -€31,613 | €12,393 | €123,907 | -€45,537 | -€44,015 | ▲ 3.3% |
| Profit (loss) for the period to be appropriated9905 | -€60,389 | -€31,613 | €12,393 | €123,907 | -€45,537 | -€44,015 | ▲ 3.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €74,207 | €47,309 | €85,558 | €47,745 | €28,526 | €11 | ▼ 100.0% |
| Fixed assets21/28 | €2,103 | €1,400 | - | - | €20,173 | - | - |
| Tangible fixed assets22/27 | €703 | - | - | - | €20,173 | - | - |
| Furniture and vehicles24 | €703 | - | - | - | €20,173 | - | - |
| Financial fixed assets28 | €1,400 | €1,400 | - | - | - | - | - |
| Current assets29/58 | €72,104 | €45,909 | €85,558 | €47,745 | €8,353 | €11 | ▼ 99.9% |
| Stocks and contracts in progress3 | €8,000 | €18,630 | - | - | - | - | - |
| Stocks30/36 | €8,000 | €18,630 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €55,204 | €9,939 | €30,663 | €11,454 | €1,695 | - | - |
| Trade receivables40 | €54,982 | €9,939 | €30,663 | €5,748 | €1,695 | - | - |
| Other amounts receivable41 | €222 | - | - | €5,706 | - | - | - |
| Cash at bank and in hand54/58 | €8,900 | €17,340 | €54,895 | €36,291 | €6,658 | €11 | ▼ 99.8% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €74,207 | €47,309 | €85,558 | €47,745 | €28,526 | €11 | ▼ 100.0% |
| Equity10/15 | -€41,789 | -€73,402 | -€61,009 | €44,298 | €17,361 | -€26,654 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€60,389 | -€92,002 | -€79,609 | €44,298 | -€1,239 | -€45,254 | ▼ 3,552% |
| Amounts payable17/49 | €115,996 | €120,711 | €146,567 | €3,447 | €11,165 | €26,665 | ▲ 139% |
| Amounts payable within one year42/48 | €115,996 | €120,711 | €146,567 | €3,447 | €11,165 | €26,665 | ▲ 139% |
| Trade debts44 | €29,444 | €4,189 | €6,985 | €86 | - | - | - |
| Suppliers440/4 | €29,444 | €4,189 | €6,985 | €86 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €11,165 | €12,165 | ▲ 9.0% |
| Taxes450/3 | - | - | - | - | €11,165 | €12,165 | ▲ 9.0% |
| Other amounts payable47/48 | €86,552 | €116,522 | €139,582 | €3,361 | - | €14,500 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,389 | -€31,613 | €12,393 | €123,907 | -€45,537 | -€44,015 | ▲ 3.3% |
| + Depreciation and write-downs630 | - | - | - | - | - | €20,173 | - |
| Operating cash flow (approximation) | -€60,389 | -€31,613 | €12,393 | €123,907 | -€45,537 | -€23,842 | ▲ 47.6% |
| Investment in fixed assets (approximation) | - | €703 | - | - | - | - | - |
| Change in cash | - | €8,440 | €37,555 | -€18,604 | -€29,633 | -€6,647 | ▲ 77.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 01-12-2024 | 2024-00609308 |
| 31-12-2022 | full format | 01-12-2024 | 2024-00609472 |
| 31-12-2021 | full format | 14-06-2023 | 2023-00137053 |
| 31-12-2020 | full format | 17-05-2023 | 2023-00100016 |
| 31-12-2019 | full format | 17-05-2023 | 2023-00100008 |
| 31-12-2018 | full format | 17-05-2023 | 2023-00100010 |
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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. Of the 10,462 active companies whose main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811), figures are known for 5,294. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 5 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Charles De la Vallee Poussin Avenue Louise 349, Bte 17, 1050 Ixelles |
10-02-2025 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
14-02
Bankruptcy
Opening
French-language Enterprise Court of Brussels · judgment of 10-02-2025
2024
06-12
KBO administration
Address struck
event 24-07-2024
01-12
NBB filing
Annual accounts filed
financial year 2023 · full format · 123 days late
01-12
NBB filing
Annual accounts filed
financial year 2022 · full format · 489 days late
24-05
Gazette deed
Registered officeRegistered-office move2 facts ▸
Gazette deed
Registered office
Registered-office move2 facts ▸
- General meeting, 14-05-2024
- Registered-office move, Metrologielaan 10 bus 1 te 1130 Brussel
2023
14-06
NBB filing
Annual accounts filed
financial year 2021 · full format · 318 days late
17-05
NBB filing
Annual accounts filed
financial year 2020 · full format · 655 days late
17-05
NBB filing
Annual accounts filed
financial year 2019 · full format · 1020 days late
17-05
NBB filing
Annual accounts filed
financial year 2018 · full format · 1386 days late
2022
22-08
KBO administration
Late accounts filing
2021
31-12
Financial
Highest result from 2018 to 2023net €123,907 ▲900%
Operating result €124,632, net result €123,907, both a record.
31-12
Financial
Liquidity more than 23 timescurrent ratio 13.85
Current ratio from 0.58 to 13.85; short-term debt falls from €146,567 to €3,447.
2020
31-12
Financial
Back to profitnet €12,393
Net result €12,393 after 2 loss-making years.
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 5 deeds read
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded09-10-2017
Financial year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0682665016
Also
9925:BE0682665016
Registered
08-09-2026
The company is no longer active; its listing in the Peppol Directory can remain until its access point withdraws it.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2017
Ground area
5,681 m²
Building footprint
2,010 m²
Building volume
21,314 m³
2 parcels, Brussels, Flanders · tallest building 14.3 m. Linked by address, not a title deed.
52
companies at this address
See who is registered here
1 establishment unit
NM
since 2017unit no. 2.268.964.117
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21821B0420/00D000 | Brussels | 5,361 m² | 1 · 1,949 m² | 14.3 m · 4 |
| 23082B0116/00L003 | Flanders | 320 m² | 1 · 61 m² | 9.5 m · 3 |
How the parcels are linked
Good to know
Both parcels match the address exactly.