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NORDIC

Open bankruptcy
Public limited companyfounded 1940Vilvoordsesteenweg 13, 1020 Brussel, BelgiumKBO/BCE: BE 0400.434.311

A bankruptcy procedure is open for NORDIC according to publications in the Belgian Official Gazette; trustee: Stijn Vanschoubroek.

Summary

The file additionally contains 2 judicial reorganisation notices. The 2019 annual accounts show equity of €586,736 and a net result of -€279,155.

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NORDICOpen bankruptcy
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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
Enterprise Court of Brussels
Declared bankrupt
2 March 2021
Supervising judge
Geert Anciaux
Official Gazette
08-03-2021 (pdf) ↗search the document for 2021/108653

Deadlines

Provisional date payments stopped
2 March 2021A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 23 March 2021Fifteen 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 1 April 2021art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 7 April 2021Reclaim 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 2 March 2022A 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

  • Stijn VanschoubroekKeizer Karellaan 586 Bus 9, 1082 Sint-Agatha-Berchemsvanschoubroek@racine.eu

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
Wholesale of timber
NACE 46832
1 site
Size
€1.9mtotal assets 2019
Staff
11.7 FTE
Equity
€586,736
Loss
-€279,155
Turnover not published (abbreviated format)
Financial health
Open bankruptcy: no score
Structure
6 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcy2019 accounts filed 12 days lateShow the evidence

Signals

Two signals.
raises risk
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
raises risk · 2019 accounts filed 12 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 12-08-2020, 12 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2019
12 days late
2018
85 days late
2017
85 days late
2016
30 days late
2015
30 days late
2014
22 days early
2013
29 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 27 days after the deadline; the sector median (NACE 46) for financial year 2019 is on the deadline day, and 48% 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. Extension of the stay refusedEnterprise Court of Brussels ·…
  2. OpeningEnterprise Court of Brussels ·…
  3. Annual accounts filedfinancial year 2019 · abbreviated…

Key points

  • Risk: Declared bankrupttrustee: Stijn Vanschoubroek 02-03-2021 View
  • Caution: From profit to loss in 2019after €14,509 in 2018 -€279,155 View
  • Total assets 20192 financial years filed €1.9m View

By topic

Financials

Financial year
2019
Total assets
€1.9m
Loss
-€279,155
Solvency
30.3%
Total assets▼ 15.7%
Net result
20182019
Go to Financials

Timeline

Events
46
Since
1978
  1. 20-05-2020Opening
  2. 24-10-2019Annual accounts filed
  3. 24-10-2018Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of timberNACE 46832
Founded
17-12-1940
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Key facts about NORDIC

What is the company number of NORDIC?
0400.434.311. In Belgium the VAT number is the company number with BE in front: BE 0400.434.311.
Where was NORDIC based?
The last known address of the registered office is Vilvoordsesteenweg 13, 1020 Brussel.Company details
What does NORDIC do?
According to the KBO register, the main activity is wholesale of timber (NACE 46832).
What is the legal form of NORDIC?
Public limited company (NV).
When was NORDIC founded?
On 17-12-1940.
Is NORDIC still active?
A bankruptcy is running: a bankruptcy trustee manages the company.
How many employees did NORDIC have?
On average 11.7 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
What is the turnover of NORDIC?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is NORDIC profitable?
In financial year 2019, NORDIC made a loss of €279,155.
Where can I find the annual accounts of NORDIC?
NORDIC filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2019.

Companies related to NORDIC

Go further with this company

Who ran this company, and where was it based, on a given date before it ended?Company as of a date Are there other customers at risk in your own list?Process a list How is the wholesale of timber sector doing?Sector figures

Investigating this company? Keep it with today's facts in a case file.

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