OLEMAS
Bankruptcy closedInactive since 15-04-2026; last annual accounts for fiscal year 2020.
Summary
OLEMAS was declared bankrupt on 30-05-2022 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 14-04-2026, published in the Belgian State Gazette on 22-04-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 61 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide 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?Addresses Are there other customers at risk in your own list?List enrichment How is the Limited-service restaurants, excluding mobile food services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
-€138,227▼ 20.6%
2019 · -€114,610
Total assets
€229,613▼ 11.1%
2019 · €258,299
Net result
-€23,617▲ 63.3%
2019 · -€64,272
Working capital
-€137,568▼ 2.2%
2019 · -€134,551
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result-€65,284--€56,838▲ 12.9%-€17,632▲ 69.0%
Net result-€68,938--€64,272▲ 6.8%-€23,617below the sector's middle half▲ 63.3%
Equity-€50,338--€114,610▼ 128%-€138,227below the sector's middle half▼ 20.6%
Total assets€335,391-€258,299▼ 23.0%€229,613above the sector's middle half▼ 11.1%
Debt€385,730-€372,909▼ 3.3%€367,840▼ 1.4%
Working capital-€96,244--€134,551▼ 39.8%-€137,568below the sector's middle half▼ 2.2%
Solvency-15.0%--44.4%▼ 29.4pp-60.2%below the sector's middle half▼ 15.8pp
Current ratio0.39-0.20▼ 0.190.21below the sector's middle half▲ 0.02
Return on assets (ROA)-20.6%--24.9%▼ 4.3pp-10.3%within the sector's middle half▲ 14.6pp
Staff (FTE)1-2.9▲ 190%1.9within the sector's middle half▼ 34.5%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17,632 in 2020 against €56,838 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €229,613
Fixed assets
€192,030 ▼ 14.7%
Current assets
€37,583 ▲ 13.3%
Key figures and ratios
EBITDA
€15,472▲
2019 · -€23,019
Cash flow
€9,487▲
2019 · -€30,452
Quick ratio
0.19▲
2019 · 0.18
Debt to equity
-1.37▲
2019 · -1.77
Debt ≤ 1 year
€175,151▲
2019 · €167,716
Debt > 1 year
€188,969▼
2019 · €202,628
Income taxes
€156▼
2019 · €167
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,860 | €33,820 | €33,104 | ▼ 2.1% |
| Gross operating margin9900 | -€21,179 | €64,772 | €37,086 | ▼ 42.7% |
| Operating profit (loss)9901 | -€65,284 | -€56,838 | -€17,632 | ▲ 69.0% |
| Recurring financial income75 | €1 | €6 | - | - |
| Recurring financial charges65 | €3,577 | €7,272 | €5,829 | ▼ 19.8% |
| Profit (loss) for the period before taxes9903 | -€68,860 | -€64,105 | -€23,461 | ▲ 63.4% |
| Income taxes67/77 | €79 | €167 | €156 | ▼ 6.3% |
| Profit (loss) for the period9904 | -€68,938 | -€64,272 | -€23,617 | ▲ 63.3% |
| Profit (loss) for the period to be appropriated9905 | -€68,938 | -€64,272 | -€23,617 | ▲ 63.3% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €335,391 | €258,299 | €229,613 | ▼ 11.1% |
| Formation expenses20 | €701 | - | - | - |
| Fixed assets21/28 | €273,102 | €225,134 | €192,030 | ▼ 14.7% |
| Intangible fixed assets21 | €17,093 | €13,493 | €9,893 | ▼ 26.7% |
| Tangible fixed assets22/27 | €252,023 | €207,216 | €177,713 | ▼ 14.2% |
| Financial fixed assets28 | €3,986 | €4,425 | €4,425 | = |
| Current assets29/58 | €61,589 | €33,166 | €37,583 | ▲ 13.3% |
| Stocks and contracts in progress3 | €2,186 | €3,552 | €3,964 | ▲ 11.6% |
| Amounts receivable within one year40/41 | €28,090 | €17,655 | €17,806 | ▲ 0.9% |
| Cash at bank and in hand54/58 | €28,695 | €6,831 | €13,272 | ▲ 94.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €335,391 | €258,299 | €229,613 | ▼ 11.1% |
| Equity10/15 | -€50,338 | -€114,610 | -€138,227 | ▼ 20.6% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Profit (loss) carried forward14 | -€68,938 | -€133,210 | -€156,827 | ▼ 17.7% |
| Amounts payable17/49 | €385,730 | €372,909 | €367,840 | ▼ 1.4% |
| Amounts payable after more than one year17 | €227,653 | €202,628 | €188,969 | ▼ 6.7% |
| Amounts payable within one year42/48 | €157,832 | €167,716 | €175,151 | ▲ 4.4% |
| Trade debts44 | €27,495 | €35,346 | €49,220 | ▲ 39.3% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€68,938 | -€64,272 | -€23,617 | ▲ 63.3% |
| + Depreciation and write-downs630 | €10,860 | €33,820 | €33,104 | ▼ 2.1% |
| Operating cash flow (approximation) | -€58,079 | -€30,452 | €9,487 | ▲ 131% |
| Investment in fixed assets (approximation) | - | €14,148 | €0 | ▼ 100% |
| Change in cash | - | -€21,864 | €6,441 | ▲ 129% |
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
2026
22-04
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 14-04-2026
2022
02-06
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 30-05-2022
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Liège
Ground area
335 m²
Building footprint
67 m²
Volume, LiDAR
1,483 m³
Parcel 62803A1335/00C000, Wallonia · tallest building 23.1 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1335/00C000 | Wallonia | 335 m² | 1 · 67 m² | 23.1 m · 7 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 | INGRID VON FRENCKELL CLOS DU SARTAY 11,
4053 EMBOURG |
30-05-2022 → 14-04-2026 |
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 1,352 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded31-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
68321Property management for co-owned buildings (syndics)
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.