O25
Open bankruptcyAre 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
- 12 August 2026
- Supervising judge
- Francois Gillet
- Official Gazette
- 24-08-2026 (pdf) ↗search the document for 2026/135252
Deadlines
- Appeal or third-party opposition until
- passed on 8 September 2026Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol until
- passed on 11 September 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 23 September 2026Reclaim 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
- 12 August 2027A 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
- Thierry BindelleRue Van Eyck 44 Bte 6, 1000 Fr Bruxelles-Villesecretariat@cabinetbindelle.be
What to do now
- Stop delivering on credit unless the trustee agrees.
- 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 trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim 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 other machinery and equipment
NACE 46649
2 sites
Size
€38,729total assets 2024
- Equity
- -€185,868
- Loss
- -€39,838
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
0 of 2 deeds read
Signalsraises riskOpen bankruptcyNegative equityneutralLatest accounts filed on timeShow the evidence
Signals
Three signals.
+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
2021222324
2020 to 2024 · latest year -€185,868
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
27 days early
2023
7 days early
2022
31 days late
2021
26 days late
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 11 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
- OpeningFrench-language Enterprise Court of Brussels…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
Equity
-€185,868▼ 27.3%
2023 · -€146,030
Total assets
€38,729▼ 45.1%
2023 · €70,525
Net result
-€39,838▲ 45.6%
2023 · -€73,183
Working capital
-€115,867▼ 21.9%
2023 · -€95,064
Trend over the years
2020 to 2024, 5 financial years
The operating result stays negative: a loss of €39,600 in 2024 against €55,754 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€39,600
2024
Net result-€39,838
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€38,729
2024
Equity-€185,868
2024
Debt€224,597
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€115,867
2024
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)-102.9%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-479.9%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.14
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021202220232024
Operating result-€82,629--€57,857▲ 30.0%-€106,170▼ 83.5%-€55,754▲ 47.5%-€39,600▲ 29.0%
Net result-€82,677below the sector's middle half--€58,003below the sector's middle half▲ 29.8%-€106,717below the sector's middle half▼ 84.0%-€73,183below the sector's middle half▲ 31.4%-€39,838below the sector's middle half▲ 45.6%
Equity€37,323within the sector's middle half-€159,320above the sector's middle half▲ 327%€82,676within the sector's middle half▼ 48.1%-€146,030below the sector's middle half-€185,868below the sector's middle half▼ 27.3%
Total assets€38,088below the sector's middle half-€177,491within the sector's middle half▲ 366%€251,014within the sector's middle half▲ 41.4%€70,525within the sector's middle half▼ 71.9%€38,729below the sector's middle half▼ 45.1%
Debt€765-€18,171▲ 2,276%€168,338▲ 826%€216,555▲ 28.6%€224,597▲ 3.7%
Working capital€34,088within the sector's middle half-€158,266above the sector's middle half▲ 364%-€71,660below the sector's middle half-€95,064below the sector's middle half▼ 32.7%-€115,867below the sector's middle half▼ 21.9%
Solvency98.0%above the sector's middle half-89.8%above the sector's middle half▼ 8.2pp32.9%within the sector's middle half▼ 56.8pp-207.1%below the sector's middle half▼ 240.0pp-479.9%below the sector's middle half▼ 272.9pp
Current ratio45.57above the sector's middle half-13.02above the sector's middle half▼ 32.560.28below the sector's middle half▼ 12.740.30below the sector's middle half▲ 0.020.14below the sector's middle half▼ 0.16
Return on assets (ROA)-217.1%below the sector's middle half--32.7%below the sector's middle half▲ 184.4pp-42.5%below the sector's middle half▼ 9.8pp-103.8%below the sector's middle half▼ 61.3pp-102.9%below the sector's middle half▲ 0.9pp
Staff (FTE)0.3below the sector's middle half-0.1▼ 66.7%0.4▲ 300%0▼ 100%
above
within
below
the middle half of NACE 46, Wholesale 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38,729
Fixed assets
€19,362 ▼ 35.5%
Current assets
€19,367 ▼ 52.2%
Equity and liabilities
Equity-€185,868
Debt€224,597
Equity is negative: debt (€224,597) exceeds the balance-sheet total (€38,729).
Key figures and ratios
EBITDA
-€28,965▲
2023 · -€45,119
Cash flow
-€29,202▲
2023 · -€62,548
Quick ratio
0.02▼
2023 · 0.04
Interest coverage
-107.33▼
2023 · -2.59
Debt ≤ 1 year
€135,234▼
2023 · €135,592
Debt > 1 year
€89,363▲
2023 · €80,963
Staff costs
€110▲
2023 · €81
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,529 | €21,238 | €81 | €110 | ▲ 35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €469 | €777 | €11,841 | €10,636 | €10,636 | = |
| Other operating charges640/8 | - | €348 | €348 | €462 | €387 | ▼ 16.2% |
| Gross operating margin9900 | -€68,043 | -€50,204 | -€72,743 | -€44,575 | -€28,467 | ▲ 36.1% |
| Operating profit (loss)9901 | -€82,629 | -€57,857 | -€106,170 | -€55,754 | -€39,600 | ▲ 29.0% |
| Financial income75/76B | - | - | €0 | €11 | €32 | ▲ 200% |
| Recurring financial income75 | - | - | €0 | €11 | €32 | ▲ 200% |
| Financial charges65/66B | - | €146 | €548 | €17,439 | €270 | ▼ 98.5% |
| Recurring financial charges65 | €48 | €146 | €548 | €17,439 | €270 | ▼ 98.5% |
| Profit (loss) for the period before taxes9903 | -€82,677 | -€58,003 | -€106,717 | -€73,183 | -€39,838 | ▲ 45.6% |
| Profit (loss) for the period9904 | -€82,677 | -€58,003 | -€106,717 | -€73,183 | -€39,838 | ▲ 45.6% |
| Profit (loss) for the period to be appropriated9905 | -€82,677 | -€58,003 | -€106,717 | -€73,183 | -€39,838 | ▲ 45.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,088 | €177,491 | €251,014 | €70,525 | €38,729 | ▼ 45.1% |
| Fixed assets21/28 | €3,235 | €6,054 | €223,066 | €29,997 | €19,362 | ▼ 35.5% |
| Intangible fixed assets21 | - | - | €212,540 | €22,674 | €15,242 | ▼ 32.8% |
| Tangible fixed assets22/27 | €3,235 | €6,054 | €10,526 | €7,323 | €4,120 | ▼ 43.7% |
| Plant, machinery and equipment23 | - | €5,259 | €4,562 | €3,864 | €3,166 | ▼ 18.1% |
| Furniture and vehicles24 | - | €795 | €5,965 | €3,459 | €954 | ▼ 72.4% |
| Current assets29/58 | €34,853 | €171,437 | €27,948 | €40,527 | €19,367 | ▼ 52.2% |
| Stocks and contracts in progress3 | - | - | - | €34,581 | €17,291 | ▼ 50.0% |
| Stocks30/36 | - | - | - | €34,581 | €17,291 | ▼ 50.0% |
| Amounts receivable within one year40/41 | €10,027 | €10,008 | €27,598 | €5,384 | €1,216 | ▼ 77.4% |
| Trade receivables40 | - | €4,694 | €1,947 | €3,325 | €421 | ▼ 87.3% |
| Other amounts receivable41 | - | €5,314 | €25,651 | €2,059 | €795 | ▼ 61.4% |
| Cash at bank and in hand54/58 | €24,681 | €160,532 | €0 | €284 | €321 | ▲ 13.0% |
| Deferred charges and accrued income490/1 | - | €897 | €350 | €279 | €540 | ▲ 93.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,088 | €177,491 | €251,014 | €70,525 | €38,729 | ▼ 45.1% |
| Equity10/15 | €37,323 | €159,320 | €82,676 | -€146,030 | -€185,868 | ▼ 27.3% |
| Contributions10/11 | - | €300,000 | €305,000 | €305,000 | €305,000 | = |
| Profit (loss) carried forward14 | -€82,677 | -€140,680 | -€222,324 | -€451,030 | -€490,868 | ▼ 8.8% |
| Amounts payable17/49 | €765 | €18,171 | €168,338 | €216,555 | €224,597 | ▲ 3.7% |
| Amounts payable after more than one year17 | - | €5,000 | €68,729 | €80,963 | €89,363 | ▲ 10.4% |
| Financial debts170/4 | - | - | €68,729 | €80,963 | €89,363 | ▲ 10.4% |
| Other amounts payable178/9 | - | €5,000 | - | - | - | - |
| Amounts payable within one year42/48 | €765 | €13,171 | €99,608 | €135,592 | €135,234 | ▼ 0.3% |
| Financial debts43 | - | - | €93,860 | €132,363 | €132,363 | = |
| Credit institutions430/8 | - | - | €93,860 | €132,363 | €132,363 | = |
| Trade debts44 | €267 | €10,126 | €2,942 | €2,272 | €578 | ▼ 74.6% |
| Suppliers440/4 | - | €10,126 | €2,942 | €2,272 | €578 | ▼ 74.6% |
| Taxes, remuneration and social security45 | - | €2,946 | €0 | €0 | - | - |
| Taxes450/3 | - | €649 | €0 | €0 | - | - |
| Remuneration and social security454/9 | - | €2,296 | - | - | - | - |
| Other amounts payable47/48 | - | €100 | €2,807 | €957 | €2,293 | ▲ 140% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€82,677 | -€58,003 | -€106,717 | -€73,183 | -€39,838 | ▲ 45.6% |
| + Depreciation and write-downs630 | €469 | €777 | €11,841 | €10,636 | €10,636 | = |
| Operating cash flow (approximation) | -€82,208 | -€57,226 | -€94,876 | -€62,548 | -€29,202 | ▲ 53.3% |
| Investment in fixed assets (approximation) | - | -€3,596 | -€228,853 | €182,433 | €0 | ▼ 100% |
| Change in cash | - | €135,851 | -€160,532 | €284 | €37 | ▼ 87.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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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 the 2,499 companies in this sector, figures are known for 1,768. See the whole sector
Public contracts: not fully processed yet. The notices from December 2017 to September 2026 are still being read.
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | THIERRY BINDELLE Rue Van Eyck 44 Bte 6, 1000 Fr Bruxelles-Ville |
12-08-2026 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2026
24-08
Bankruptcy
Opening
French-language Enterprise Court of Brussels · judgment of 12-08-2026
2025
04-07
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
24-07
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-08
NBB filing
Annual accounts filed
financial year 2022 · micro format · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€106,717
Net result drops to -€106,717, the lowest in the series.
26-08
NBB filing
Annual accounts filed
financial year 2021 · micro format · 26 days late
2021
31-12
Financial
Equity above €150,000equity €159,320 ▲327%
Equity rises from €37,323 to €159,320.
30-08
NBB filing
Annual accounts filed
financial year 2020 · micro format · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 2 deeds read
About the unread acts
We know of 2 Belgian Official 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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Register details
Identification
Legal formPrivate limited company
Founded27-02-2020
Financial year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46842Wholesale trade
Contact
Website
www.025.eu
E-mail
contact@o25.eu
Website
wwww.o25.euRixensart
E-mail
frederick@o25.euRixensart
Phone
0477708181Rixensart
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 10 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, Etterbeek · 2 establishment units since 2020
Ground area
2,870 m²
Building footprint
1,699 m²
Building volume
1,912 m³
2 parcels, Brussels, Wallonia · tallest building 17.0 m. Linked by address, not a title deed.
335
companies at this address
See who is registered here
2 establishment units
O25
since 2020unit no. 2.300.054.991
O25
since 2023unit no. 2.343.393.997
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25033B0525/00T002 | Wallonia | 2,544 m² | 1 · 1,570 m² | - |
| 21005A0542/00B006 | Brussels | 325 m² | 1 · 129 m² | 17.0 m · 5 |
How the parcels are linked
Good to know
Both parcels match the address exactly.