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OSTADE SERVICES

Open bankruptcy
Private limited companyfounded 2018KBO/BCE: BE 0687.948.843

A bankruptcy procedure is open for OSTADE SERVICES according to publications in the Belgian State Gazette; curator: NICOLAAS VINCKIER.

Summary

The 2021 annual accounts show equity of €12,738 and a net result of €1,343.

OSTADE SERVICESOpen bankruptcy

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
Enterprise Court of Ghent, Kortrijk division
Declared bankrupt
24 October 2023
Supervising judge
Ghislain Leroy
Official Gazette
03-11-2023 (pdf) ↗search the document for 2023/141349

Deadlines

Provisional date payments stopped
24 October 2023A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 18 November 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 23 November 2023art. XX.104 and XX.155 CEL
First verification report
passed on 12 December 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 24 October 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above 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 ↗ 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.Creditor guide for this company

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-02-2022, 164 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
164 d early
2020
45 d early
2019
4 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 71 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

OSTADE SERVICES was incorporated on 15 January 2018.1 Total assets rose from EUR 6,243 in 2018 to EUR 19,428 in 2021.2 On 24 October 2023 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 03-11-2023

Go further with this company

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

Financials · fiscal year 2021, micro schema

Equity
€12,738▲ 11.8%
2020 · €11,395
Total assets
€19,428▼ 32.9%
2020 · €28,959
Net result
€1,343▼ 86.7%
2020 · €10,105
Working capital
€12,038▲ 20.4%
2020 · €9,995
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line2018201920202021
Operating result-€2,493--€8,520▼ 242%€10,877€1,782▼ 83.6%
Net result-€2,573--€9,137▼ 255%€10,105within the sector's middle half€1,343within the sector's middle half▼ 86.7%
Equity€3,627-€1,290▼ 64.4%€11,395below the sector's middle half▲ 783%€12,738below the sector's middle half▲ 11.8%
Total assets€6,243-€13,589▲ 118%€28,959below the sector's middle half▲ 113%€19,428below the sector's middle half▼ 32.9%
Debt€2,616-€12,299▲ 370%€17,564▲ 42.8%€6,689▼ 61.9%
Working capital€3,627--€810€9,995within the sector's middle half€12,038within the sector's middle half▲ 20.4%
Solvency58.1%-9.5%▼ 48.6pp39.3%within the sector's middle half▲ 29.9pp65.6%within the sector's middle half▲ 26.2pp
Current ratio2.39-0.93▼ 1.451.57within the sector's middle half▲ 0.632.80within the sector's middle half▲ 1.23
Return on assets (ROA)-41.2%--67.2%▼ 26.0pp34.9%above the sector's middle half▲ 102.1pp6.9%within the sector's middle half▼ 28.0pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction 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
-€10,000€0€10,000Operating result 2018: -€2,493-€2,493Net result 2018: -€2,573-€2,573Operating result 2019: -€8,520-€8,520Net result 2019: -€9,137-€9,137Operating result 2020: €10,877€10,877Net result 2020: €10,105€10,105Operating result 2021: €1,782€1,782Net result 2021: €1,343€1,3432018201920202021-€10,000€0€10,000Operating result 2019: -€8,520-€8,520Net result 2019: -€9,137-€9,140Operating result 2020: €10,877€10,900Net result 2020: €10,105€10,100Operating result 2021: €1,782€1,780Net result 2021: €1,343€1,340201920202021
The operating result falls in 2021; 2021 is 84% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €19,428
Fixed assets €700 ▼ 50.0%
Current assets €18,728 ▼ 32.0%
Equity and liabilities €19,428
Equity €12,738 ▲ 11.8%
Debt €6,689 ▼ 61.9%
Debt's share of the balance-sheet total falls from 60.7% to 34.4%. Equity is higher and debt is lower.
Key figures and ratios
2021 value · change against 2020
EBITDA
€2,482▼
2020 · €11,577
Cash flow
€2,043▼
2020 · €10,805
ROE
10.5%▼
2020 · 88.7%
Debt ≤ 1 year
€6,689▼
2020 · €17,564
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 22 lines
Balance sheet Code20202021
Assets
Total assets20/58€28,959€19,428▼
Fixed assets21/28€1,400€700▼
Tangible fixed assets22/27€1,400€700▼
Current assets29/58€27,559€18,728▼
Stocks and contracts in progress3€19,648-
Amounts receivable within one year40/41€154€14,627▲
Cash at bank and in hand54/58€7,757€4,101▼
Equity and liabilities
Total equity and liabilities10/49€28,959€19,428▼
Equity10/15€11,395€12,738▲
Contributions10/11€13,000€13,000=
Profit (loss) carried forward14-€1,605-€262▲
Amounts payable17/49€17,564€6,689▼
Amounts payable within one year42/48€17,564€6,689▼
Trade debts44€4,444€1,576▼
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€700€700=
Gross operating margin9900€13,046€3,120▼
Operating profit (loss)9901€10,877€1,782▼
Recurring financial income75€195€171▼
Recurring financial charges65€967€610▼
Profit (loss) for the period before taxes9903€10,105€1,343▼
Profit (loss) for the period9904€10,105€1,343▼
Profit (loss) for the period to be appropriated9905€10,105€1,343▼
Line2018201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,097€700€700€700=
Gross operating margin9900-€796-€6,920€13,046€3,120▼ 76.1%
Operating profit (loss)9901-€2,493-€8,520€10,877€1,782▼ 83.6%
Recurring financial income75€0€88€195€171▼ 12.4%
Recurring financial charges65€80€705€967€610▼ 37.0%
Profit (loss) for the period before taxes9903-€2,573-€9,137€10,105€1,343▼ 86.7%
Profit (loss) for the period9904-€2,573-€9,137€10,105€1,343▼ 86.7%
Profit (loss) for the period to be appropriated9905-€2,573-€9,137€10,105€1,343▼ 86.7%
Line2018201920202021Change
Assets
Total assets20/58€6,243€13,589€28,959€19,428▼ 32.9%
Fixed assets21/28-€2,100€1,400€700▼ 50.0%
Tangible fixed assets22/27-€2,100€1,400€700▼ 50.0%
Current assets29/58€6,243€11,489€27,559€18,728▼ 32.0%
Stocks and contracts in progress3€1,126€9,593€19,648--
Amounts receivable within one year40/41€7€240€154€14,627▲ 9,401%
Cash at bank and in hand54/58€5,110€1,553€7,757€4,101▼ 47.1%
Equity and liabilities
Total equity and liabilities10/49€6,243€13,589€28,959€19,428▼ 32.9%
Equity10/15€3,627€1,290€11,395€12,738▲ 11.8%
Contributions10/11€6,200€13,000€13,000€13,000=
Profit (loss) carried forward14-€2,573-€11,710-€1,605-€262▲ 83.7%
Amounts payable17/49€2,616€12,299€17,564€6,689▼ 61.9%
Amounts payable within one year42/48€2,616€12,299€17,564€6,689▼ 61.9%
Trade debts44€46€1,914€4,444€1,576▼ 64.5%
Line2018201920202021Change
Profit (loss) for the period9904-€2,573-€9,137€10,105€1,343▼ 86.7%
+ Depreciation and write-downs630€1,097€700€700€700=
Operating cash flow (approximation)-€1,476-€8,437€10,805€2,043▼ 81.1%
Investment in fixed assets (approximation)--€0€0-
Change in cash--€3,557€6,204-€3,657▼ 159%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2023
03-11
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 24-10-2023
2022
17-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Back to profitnet €10,105
Net result €10,105 after 2 loss-making years.
27-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Weakest financial yearnet -€9,137
Net result drops to -€9,137, the lowest in the series.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Roeselare · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
3,013 m²
Building footprint
399 m²
Volume, LiDAR
6,053 m³
Parcel 36017A1279/00F000, Flanders · tallest building 53.6 m, ±5 floors. Linked by address, not a title deed.
62 companies at this address See who is registered here
1 establishment unit
Ostade Services
General electrical installation work
since 20182.273.619.028
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36017A1279/00F000 Flanders 3,013 m² 1 · 398 m² 53.6 m · 5 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 NICOLAAS VINCKIER
HOOGLEEDSESTEENWEG 7, 8800 ROESELARE
24-10-2023 → present

Similar companies · same sector, comparable size

Of 4,093 companies in sector 43240 we hold annual accounts for 1,635. 985 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded15-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43211General electrical installation work
43221Plumbing work
82100Office administrative and support services
82990Other business support services
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.