P & R
Open bankruptcyA bankruptcy procedure is open for P & R according to publications in the Belgian State Gazette; curator: LAURI MONSECOUR.
Summary
The 2023 annual accounts show equity of €7,677 and a net result of -€14,996.
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, Dendermonde division
- Declared bankrupt
- 28 August 2024
- Supervising judge
- Guy Aerssens
- Official Gazette
- 03-09-2024 (pdf) ↗search the document for 2024/133310
Deadlines
- Provisional date payments stopped
- 20 August 2024Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 18 September 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 27 September 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 4 October 2024Goods 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 28 August 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Lauri MonsecourLeo De Bethunelaan 89, 9300 Aalstlauri.monsecour@mondius.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.
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
3 d late
2021
51 d early
2020
71 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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?Addresses Are there other customers at risk in your own list?List enrichment How is the Retail sale of bicycles sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€7,677▼ 66.1%
2022 · €22,672
Total assets
€20,053▼ 52.7%
2022 · €42,411
Net result
-€14,996▼ 166%
2022 · -€5,637
Working capital
€4,170▼ 79.7%
2022 · €20,554
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line2020202120222023
Operating result€30,727-€4,285▼ 86.1%-€3,719-€13,944▼ 275%
Net result€24,239above the sector's middle half-€1,571within the sector's middle half▼ 93.5%-€5,637below the sector's middle half-€14,996below the sector's middle half▼ 166%
Equity€26,739within the sector's middle half-€28,310within the sector's middle half▲ 5.9%€22,672within the sector's middle half▼ 19.9%€7,677within the sector's middle half▼ 66.1%
Total assets€34,698below the sector's middle half-€56,674below the sector's middle half▲ 63.3%€42,411below the sector's middle half▼ 25.2%€20,053below the sector's middle half▼ 52.7%
Debt€7,959-€28,364▲ 256%€19,739▼ 30.4%€12,376▼ 37.3%
Working capital€22,742within the sector's middle half-€25,663within the sector's middle half▲ 12.8%€20,554within the sector's middle half▼ 19.9%€4,170within the sector's middle half▼ 79.7%
Solvency77.1%above the sector's middle half-50.0%within the sector's middle half▼ 27.1pp53.5%within the sector's middle half▲ 3.5pp38.3%within the sector's middle half▼ 15.2pp
Current ratio3.86above the sector's middle half-1.90within the sector's middle half▼ 1.952.04within the sector's middle half▲ 0.141.34within the sector's middle half▼ 0.70
Return on assets (ROA)69.9%above the sector's middle half-2.8%within the sector's middle half▼ 67.1pp-13.3%below the sector's middle half▼ 16.1pp-74.8%below the sector's middle half▼ 61.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 €13,944 in 2023 against €3,719 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €20,053
Fixed assets
€3,506 ▲ 65.5%
Current assets
€16,546 ▼ 58.9%
Equity and liabilities €20,053
Equity
€7,677 ▼ 66.1%
Debt
€12,376 ▼ 37.3%
Debt's share of the balance-sheet total rises from 46.5% to 61.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€12,932▼
2022 · -€2,021
Cash flow
-€13,984▼
2022 · -€3,939
Debt to equity
1.61▲
2022 · 0.87
ROE
-195.3%▼
2022 · -24.9%
Interest coverage
-18.93▼
2022 · -1.73
Debt ≤ 1 year
€12,376▼
2022 · €19,739
Income taxes
€369▼
2022 · €749
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,565 | €1,350 | €1,698 | €1,012 | ▼ 40.4% |
| Other operating charges640/8 | - | €613 | €2,424 | €2,319 | ▼ 4.3% |
| Gross operating margin9900 | €34,392 | €6,247 | €403 | -€10,612 | ▼ 2,732% |
| Operating profit (loss)9901 | €30,727 | €4,285 | -€3,719 | -€13,944 | ▼ 275% |
| Financial income75/76B | - | €7 | €0 | - | - |
| Recurring financial income75 | €2 | €7 | €0 | - | - |
| Financial charges65/66B | - | €851 | €1,169 | €683 | ▼ 41.6% |
| Recurring financial charges65 | €31 | €851 | €1,169 | €683 | ▼ 41.6% |
| Profit (loss) for the period before taxes9903 | €30,698 | €3,440 | -€4,889 | -€14,627 | ▼ 199% |
| Income taxes67/77 | €6,460 | €1,869 | €749 | €369 | ▼ 50.7% |
| Profit (loss) for the period9904 | €24,239 | €1,571 | -€5,637 | -€14,996 | ▼ 166% |
| Profit (loss) for the period to be appropriated9905 | €24,239 | €1,571 | -€5,637 | -€14,996 | ▼ 166% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €34,698 | €56,674 | €42,411 | €20,053 | ▼ 52.7% |
| Fixed assets21/28 | €3,996 | €2,647 | €2,118 | €3,506 | ▲ 65.5% |
| Tangible fixed assets22/27 | €3,996 | €2,647 | €2,118 | €1,106 | ▼ 47.8% |
| Furniture and vehicles24 | - | €2,647 | €2,118 | €1,106 | ▼ 47.8% |
| Financial fixed assets28 | - | - | - | €2,400 | - |
| Current assets29/58 | €30,701 | €54,027 | €40,293 | €16,546 | ▼ 58.9% |
| Stocks and contracts in progress3 | €596 | €1,080 | €0 | - | - |
| Stocks30/36 | - | €1,080 | €0 | - | - |
| Amounts receivable within one year40/41 | €874 | €19,584 | €24,663 | €968 | ▼ 96.1% |
| Trade receivables40 | - | €19,306 | €22,029 | €968 | ▼ 95.6% |
| Other amounts receivable41 | - | €277 | €2,634 | - | - |
| Cash at bank and in hand54/58 | €29,231 | €25,368 | €13,731 | €14,392 | ▲ 4.8% |
| Deferred charges and accrued income490/1 | - | €7,996 | €1,900 | €1,186 | ▼ 37.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €34,698 | €56,674 | €42,411 | €20,053 | ▼ 52.7% |
| Equity10/15 | €26,739 | €28,310 | €22,672 | €7,677 | ▼ 66.1% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €24,239 | €25,810 | €25,810 | €25,810 | = |
| Distributable reserves133 | - | €25,810 | €25,810 | €25,810 | = |
| Profit (loss) carried forward14 | - | - | -€5,637 | -€20,633 | ▼ 266% |
| Amounts payable17/49 | €7,959 | €28,364 | €19,739 | €12,376 | ▼ 37.3% |
| Amounts payable within one year42/48 | €7,959 | €28,364 | €19,739 | €12,376 | ▼ 37.3% |
| Financial debts43 | - | - | €304 | - | - |
| Credit institutions430/8 | - | - | €304 | - | - |
| Trade debts44 | €614 | €12,009 | €13,698 | €2,505 | ▼ 81.7% |
| Suppliers440/4 | - | €12,009 | €13,698 | €2,505 | ▼ 81.7% |
| Taxes, remuneration and social security45 | - | €16,323 | €4,418 | €8,087 | ▲ 83.1% |
| Taxes450/3 | - | €16,323 | €4,418 | €8,087 | ▲ 83.1% |
| Other amounts payable47/48 | - | €32 | €1,320 | €1,784 | ▲ 35.1% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,239 | €1,571 | -€5,637 | -€14,996 | ▼ 166% |
| + Depreciation and write-downs630 | €3,565 | €1,350 | €1,698 | €1,012 | ▼ 40.4% |
| Operating cash flow (approximation) | €27,803 | €2,921 | -€3,939 | -€13,984 | ▼ 255% |
| Investment in fixed assets (approximation) | - | €0 | -€1,170 | -€2,400 | ▼ 105% |
| Change in cash | - | -€3,864 | -€11,637 | €661 | ▲ 106% |
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
2024
03-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 28-08-2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€14,996
Net result drops to -€14,996, the lowest in the series.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ninove · 1 establishment unit since 2019
Ground area
885 m²
Building footprint
206 m²
Volume, LiDAR
645 m³
2 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
P & R
since 20192.298.135.678
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41055B0438/00R000 | Flanders | 745 m² | 1 · 126 m² | 1.7 m |
| 11012A0009/00V010 | Flanders | 140 m² | 1 · 79 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | LAURI MONSECOUR LEO DE BETHUNELAAN 89,
9300 AALST |
28-08-2024 → present |
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Of 1,465 companies in sector 47632 we hold annual accounts for 733. 198 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
Founded10-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47632Retail sale of bicycles
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.