Oase
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
- Enterprise Court of Brussels
- Declared bankrupt
- 11 February 2020
- Supervising judge
- Johan Camp
- Official Gazette
- 18-02-2020 (pdf) ↗search the document for 2020/107187
Deadlines
- Provisional date payments stopped
- 2 June 2014Moved back by judgment of 29 September 2020. Payments and security you received since that day can in some cases be challenged by the trustee.art. XX.105, XX.111 and XX.112, Code of Economic Law
- Appeal or third-party opposition until
- passed on 4 March 2020Fifteen 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 2020art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 18 March 2020Reclaim 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 11 February 2021A 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
- Dirk De MaeseneerPegasuslaan 5, 1831 Diegemdirk.de.maeseneer@lovius.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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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
Activity not known
Size
€14.0mturnover 2015
- Staff
- 184.1 FTE
- Equity
- -€3.8m
- Deficit
- -€2.2m
Financial health
Open bankruptcy: no score
Structure
0 of 7 deeds read
Signalsraises riskOpen bankruptcyAdministrative warnings in the KBO publicationsShow the evidence
Signals
Two signals.
raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
- Address struckJules Bordetlaan 160 Die Sitzadresse…
- Date of cessation of payments moved…Enterprise Court of Brussels ·…
- OpeningEnterprise Court of Brussels ·…
Financials · financial year 2015, abbreviated format
2015 annual accounts filed late (100 days) Filed on 8 November 2016, deadline 31 July 2016 (7 months after the close on 31 December 2015, Companies Code art. 3:10). Source: NBB, 2016-67700065.
Turnover
€14.0m▲ 83.2%
2014 · €7.6m
EBIT margin
-13.9%▲ 12.3pp
2014 · -26.2%
Net result
-€2.2m▼ 93.0%
2014 · -€1.2m
Working capital
-€3.7m▲ 4.3%
2014 · -€3.9m
Trend over the years
2011 to 2015, 5 financial years 2011 to 2015, 5 financial years
The operating result stays negative: a loss of €1.9m in 2015 against €2.0m in 2014; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€14.0m
2015
Operating result-€1.9m
2015
Net result-€2.2m
2015
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€18.8m
2015
Equity-€3.8m
2015
Debt€22.7m
2015
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€3.7m
2015
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-13.9%
2015
Average staff in full-time equivalents (FTE).
Staff (FTE)184.1
2015
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20112012201320142015
Turnover€1.7m-€3.9m▲ 124%€4.4m▲ 12.2%€7.6m▲ 74.5%€14.0m▲ 83.2%
Operating result-€0.2m-€0.3m€0.1m▼ 58.7%-€2.0m-€1.9m▲ 2.8%
Net result-€0.002m--€0.9m▼ 39,834%-€0.06m▲ 93.6%-€1.2m▼ 1,949%-€2.2m▼ 93.0%
EBIT margin-10.0%-8.6%▲ 18.5pp3.2%▼ 5.4pp-26.2%▼ 29.4pp-13.9%▲ 12.3pp
Equity€0.2m-€0.2m▼ 1.6%€0.2m▼ 24.9%-€1.0m-€3.8m▼ 286%
Total assets€14.4m-€22.5m▲ 56.6%€21.3m▼ 5.3%€14.5m▼ 31.7%€18.8m▲ 29.6%
Debt€14.1m-€22.3m▲ 57.5%€21.1m▼ 5.1%€15.5m▼ 26.5%€22.7m▲ 45.9%
Working capital-€6.9m--€3.9m▲ 43.2%-€4.3m▼ 10.2%-€3.9m▲ 10.9%-€3.7m▲ 4.3%
Staff (FTE)32.9-53.3▲ 62.0%62.2▲ 16.7%119.4▲ 92.0%184.1▲ 54.2%
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €18.8m
Fixed assets
€8.6m ▼ 17.6%
Current assets
€10.2m ▲ 150%
Equity and liabilities
Equity-€3.8m
Debt€22.7m
Equity is negative: debt (€22.7m) exceeds the balance-sheet total (€18.8m).
Key figures and ratios
EBITDA
-€1.3m▲
2014 · -€1.8m
Cash flow
-€1.6m▼
2014 · -€971,013
Solvency
-20.2%▼
2014 · -6.8%
Current ratio
0.73▲
2014 · 0.51
ROA
-11.8%▼
2014 · -7.9%
Interest coverage
-4.24▼
2014 · -1.36
Debt ≤ 1 year
€13.9m▲
2014 · €8.0m
Debt > 1 year
€8.0m▲
2014 · €7.5m
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 | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.7m | €3.9m | €4.4m | €7.6m | €14.0m | ▲ 83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.1m | €0.08m | €0.2m | €0.6m | ▲ 229% |
| Gross operating margin9900 | €1.3m | - | - | - | - | - |
| Operating profit (loss)9901 | -€0.2m | €0.3m | €0.1m | -€2.0m | -€1.9m | ▲ 2.8% |
| Recurring financial income75 | €0.07m | €0.1m | €0.3m | €1.2m | €0.1m | ▼ 90.9% |
| Recurring financial charges65 | €0.02m | €1.4m | €0.6m | €1.7m | €0.4m | ▼ 75.5% |
| Debt charges650 | - | €1.2m | €0.5m | €1.3m | €0.3m | ▼ 76.4% |
| Profit (loss) for the period before taxes9903 | -€0.1m | -€0.9m | -€0.2m | -€2.5m | -€2.2m | ▲ 9.9% |
| Profit (loss) for the period9904 | -€0.002m | -€0.9m | -€0.06m | -€1.2m | -€2.2m | ▼ 93.0% |
| Profit (loss) for the period to be appropriated9905 | - | - | -€0.06m | -€1.2m | -€2.2m | ▼ 93.0% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.4m | €22.5m | €21.3m | €14.5m | €18.8m | ▲ 29.6% |
| Formation expenses20 | €0.05m | €0.04m | €0.03m | €0.8m | €0.6m | ▼ 21.3% |
| Fixed assets21/28 | €12.2m | €14.5m | €18.0m | €10.4m | €8.6m | ▼ 17.6% |
| Intangible fixed assets21 | €0.01m | €0.02m | €1.6m | €5.5m | €3.4m | ▼ 38.0% |
| Tangible fixed assets22/27 | €12.1m | €14.5m | €16.4m | €4.2m | €4.6m | ▲ 9.9% |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.003m | €0.003m | = |
| Current assets29/58 | €2.2m | €8.0m | €3.3m | €4.1m | €10.2m | ▲ 150% |
| Amounts receivable within one year40/41 | €0.9m | €1.3m | €1.5m | €2.9m | €9.0m | ▲ 207% |
| Current investments50/53 | - | - | - | €1.0m | €0.006m | ▼ 99.4% |
| Cash at bank and in hand54/58 | €0.04m | €5.3m | €0.3m | €0.2m | €1.3m | ▲ 548% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.4m | €22.5m | €21.3m | €14.5m | €18.8m | ▲ 29.6% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | -€1.0m | -€3.8m | ▼ 286% |
| Profit (loss) carried forward14 | -€0.3m | -€0.3m | -€0.4m | -€1.5m | -€4.4m | ▼ 184% |
| Amounts payable17/49 | €14.1m | €22.3m | €21.1m | €15.5m | €22.7m | ▲ 45.9% |
| Amounts payable after more than one year17 | €4.9m | €10.3m | €13.5m | €7.5m | €8.0m | ▲ 6.0% |
| Amounts payable within one year42/48 | €9.1m | €11.9m | €7.6m | €8.0m | €13.9m | ▲ 74.9% |
| Trade debts44 | €1.9m | €1.4m | €1.0m | €2.8m | €5.5m | ▲ 99.3% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.002m | -€0.9m | -€0.06m | -€1.2m | -€2.2m | ▼ 93.0% |
| + Depreciation and write-downs630 | €0.08m | €0.1m | €0.08m | €0.2m | €0.6m | ▲ 229% |
| Operating cash flow (approximation) | €0.08m | -€0.8m | €0.02m | -€1.0m | -€1.6m | ▼ 67.2% |
| Investment in fixed assets (approximation) | - | -€2.4m | -€3.6m | €7.4m | €1.2m | ▼ 83.4% |
| Change in cash | - | €5.3m | -€5.0m | -€0.06m | €1.1m | - |
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 (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2015 | abbreviated format | 08-11-2016 | 2016-67700065 |
| 31-12-2014 | abbreviated format | 31-07-2015 | 2015-39900281 |
| 31-12-2013 | abbreviated format | 10-02-2015 | 2015-04100494 |
| 31-12-2012 | abbreviated format | 24-12-2013 | 2013-70000421 |
| 31-12-2011 | abbreviated format | 02-08-2012 | 2012-38100324 |
| 31-12-2010 | abbreviated format | 29-11-2011 | 2011-62600372 |
| 31-12-2009 | abbreviated format | 24-10-2011 | 2011-58500281 |
| 31-12-2008 | abbreviated format | 03-09-2009 | 2009-75100206 |
| 31-12-2007 | abbreviated format | 12-09-2008 | 2008-73100317 |
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: 0 of 7 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Dirk De Maeseneer Pegasuslaan 5, 1831 Diegem |
11-02-2020 → present |
Owners and capital
Owners
This non-profit association has no shareholders or capital.
History
Acts, filings and financial milestones
2025
07-01
KBO administration
Address struck
Jules Bordetlaan 160 Die Sitzadresse Avenue Jules Bordet / Jules
1140 Evere · event 13-08-2024
2020
06-10
Bankruptcy
Date of cessation of payments moved back
Enterprise Court of Brussels · judgment of 29-09-2020
18-02
Bankruptcy
Opening
Enterprise Court of Brussels · judgment of 11-02-2020
2016
08-11
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 100 days late
2015
31-12
Financial
Weakest financial yearnet -€2.2m
Net result drops to -€2.2m, the lowest in the series.
31-07
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format
10-02
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format · 194 days late
2014
28-05
Gazette deed
Merger · Capital
Corporate purpose · Real estate
2013
24-12
NBB filing
Annual accounts filed
financial year 2012 · abbreviated format · 146 days late
2012
02-08
NBB filing
Annual accounts filed
financial year 2011 · abbreviated format · 2 days late
2011
29-11
NBB filing
Annual accounts filed
financial year 2010 · abbreviated format · 121 days late
24-10
NBB filing
Annual accounts filed
financial year 2009 · abbreviated format · 450 days late
2009
03-09
NBB filing
Annual accounts filed
financial year 2008 · abbreviated format · 34 days late
2008
12-09
NBB filing
Annual accounts filed
financial year 2007 · abbreviated format · 43 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 7 deeds read
About the unread acts
We know of 7 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 formNon-profit association
Founded23-04-1991
Financial year end31-12
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Care and welfare
1 service · 0 liveOase
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Evere
Ground area
2,223 m²
Building footprint
1,063 m²
Building volume
19,918 m³
Parcel 21372B0069/00C000, Brussels · tallest building 25.2 m. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21372B0069/00C000 | Brussels | 2,223 m² | 1 · 1,063 m² | 25.2 m · 7 |
How the parcels are linked
Good to know
The parcel matches the address exactly.