NORMATEL
Open bankruptcyA bankruptcy procedure is open for NORMATEL according to publications in the Belgian State Gazette; curator: MAIA GUTMANN LE PAIGE.
Summary
The 2024 annual accounts show negative equity (-€46,109) and a net result of -€1,019.
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
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 1 December 2025
- Supervising judge
- Xavier Leloup
- Official Gazette
- 09-12-2025 (pdf) ↗search the document for 2025/150942
Curator
- Maia Gutmann Le PaigeRue De La Loi 28, 1040 Etterbeekgutmann@lgd-law.be
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
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€46,109
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d late
2023
24 d early
2022
38 d early
2021
18 d late
2020
8 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days before the deadline; 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
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 Wholesale of beverages, general range sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€100▼ 66.7%
2023 · €300
EBIT margin
-903.0%▼ 636.7pp
2023 · -266.4%
Net result
-€1,019▲ 6.3%
2023 · -€1,087
Working capital
-€46,109▼ 2.3%
2023 · -€45,090
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
Line20202021202220232024
Turnover€950▲ 280%€640▼ 32.6%€290▼ 54.7%€300▲ 3.4%€100▼ 66.7%
Operating result-€6,181▼ 21.1%-€2,112▲ 65.8%-€3,302▼ 56.3%-€799▲ 75.8%-€903▼ 13.0%
Net result-€6,548▼ 18.5%-€2,419▲ 63.1%-€3,570▼ 47.6%-€1,087▲ 69.6%-€1,019▲ 6.3%
EBIT margin-650.7%▲ 1391.2pp-330.0%▲ 320.6pp-1138.6%▼ 808.5pp-266.4%▲ 872.2pp-903.0%▼ 636.7pp
Equity-€38,013▼ 20.8%-€40,433▼ 6.4%-€44,003▼ 8.8%-€45,090▼ 2.5%-€46,109▼ 2.3%
Total assets€13,150▼ 31.9%€10,534▼ 19.9%€997▼ 90.5%€915▼ 8.2%€302▼ 67.0%
Debt€51,163▲ 0.8%€50,966▼ 0.4%€45,000▼ 11.7%€46,005▲ 2.2%€46,411▲ 0.9%
Working capital-€12,013▼ 120%-€14,433▼ 20.1%-€18,003▼ 24.7%-€45,090▼ 150%-€46,109▼ 2.3%
Staff (FTE)
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €903 in 2024 against €799 in 2023; the loss grows.
Key figures and ratios
Debt ≤ 1 year
€46,411▲
2023 · €46,005
Ratios withheld: a balance sheet total of €302 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €950 | €640 | €290 | €300 | €100 | ▼ 66.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €2,196 | €3,215 | €1,099 | €1,003 | ▼ 8.7% |
| Remuneration, social security and pensions62 | - | €557 | €377 | - | - | - |
| Gross operating margin9900 | -€2,966 | -€1,556 | -€2,925 | -€799 | -€903 | ▼ 13.0% |
| Operating profit (loss)9901 | -€6,181 | -€2,112 | -€3,302 | -€799 | -€903 | ▼ 13.0% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | - | €307 | €268 | €288 | €116 | ▼ 59.7% |
| Recurring financial charges65 | €367 | €307 | €268 | €288 | €116 | ▼ 59.7% |
| Profit (loss) for the period before taxes9903 | -€6,548 | -€2,419 | -€3,570 | -€1,087 | -€1,019 | ▲ 6.3% |
| Profit (loss) for the period9904 | -€6,548 | -€2,419 | -€3,570 | -€1,087 | -€1,019 | ▲ 6.3% |
| Profit (loss) for the period to be appropriated9905 | -€6,548 | -€2,419 | -€3,570 | -€1,087 | -€1,019 | ▲ 6.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,150 | €10,534 | €997 | €915 | €302 | ▼ 67.0% |
| Current assets29/58 | €13,150 | €10,534 | €997 | €915 | €302 | ▼ 67.0% |
| Amounts receivable within one year40/41 | €10,415 | €10,415 | €147 | €629 | - | - |
| Trade receivables40 | - | €10,415 | - | €508 | - | - |
| Other amounts receivable41 | - | - | €147 | €121 | - | - |
| Cash at bank and in hand54/58 | €2,735 | €119 | €851 | €286 | €302 | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,150 | €10,534 | €997 | €915 | €302 | ▼ 67.0% |
| Equity10/15 | -€38,013 | -€40,433 | -€44,003 | -€45,090 | -€46,109 | ▼ 2.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €372 | €372 | €372 | €372 | €372 | = |
| Non-distributable reserves130/1 | - | €372 | €372 | €372 | €372 | = |
| Legal reserve130 | - | €372 | €372 | €372 | €372 | = |
| Profit (loss) carried forward14 | -€56,985 | -€59,405 | -€62,975 | -€64,062 | -€65,081 | ▼ 1.6% |
| Amounts payable17/49 | €51,163 | €50,966 | €45,000 | €46,005 | €46,411 | ▲ 0.9% |
| Amounts payable after more than one year17 | €26,000 | €26,000 | €26,000 | - | - | - |
| Financial debts170/4 | - | €26,000 | €26,000 | - | - | - |
| Amounts payable within one year42/48 | €25,163 | €24,966 | €19,000 | €46,005 | €46,411 | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | - | €14,000 | €19,000 | €45,824 | €46,400 | ▲ 1.3% |
| Trade debts44 | - | €448 | - | €182 | - | - |
| Suppliers440/4 | - | €448 | - | €182 | - | - |
| Taxes, remuneration and social security45 | - | €10,519 | - | - | €11 | - |
| Taxes450/3 | - | €69 | - | - | €11 | - |
| Remuneration and social security454/9 | - | €10,450 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,548 | -€2,419 | -€3,570 | -€1,087 | -€1,019 | ▲ 6.3% |
| Operating cash flow (approximation) | -€6,548 | -€2,419 | -€3,570 | -€1,087 | -€1,019 | ▲ 6.3% |
| Change in cash | - | -€2,616 | €731 | -€564 | €15 | ▲ 103% |
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
2025
09-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 01-12-2025
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 36 days late
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 53 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 52 days late
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 1988
Ground area
69 m²
Building footprint
112 m²
Volume, LiDAR
1,269 m³
Parcel 21805E0071/00D000, Brussels · tallest building 17.7 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NORMATEL
since 19882.038.491.622
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0071/00D000 | Brussels | 69 m² | 1 · 112 m² | 17.7 m · 4 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MAIA GUTMANN LE PAIGE RUE DE LA LOI 28,
1040 ETTERBEEK |
01-12-2025 → 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 1,582 companies in sector 46349 we hold annual accounts for 989. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded06-06-1988
Fiscal year end31-12
Trade name FR
ETABLISSEMENTS DUBOIS FRERES-INTERNATIONAL DRINKS
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
46643Wholesale of electrical equipment, including installation materials
47252Retail sale of beverages, general range
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 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.