PACIFIC SUN
Open bankruptcyA bankruptcy procedure is open for PACIFIC SUN according to publications in the Belgian State Gazette; curator: CHRISTINE DE RIDDER.
Summary
The 2021 annual accounts show negative equity (-€63,141) and a net result of €28,825.
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 Brussels
- Declared bankrupt
- 16 September 2025
- Supervising judge
- Geert Anciaux
- Official Gazette
- 24-09-2025 (pdf) ↗search the document for 2025/138216
Deadlines
- Provisional date payments stopped
- 16 September 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 9 October 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 16 October 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 22 October 2025Goods 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 16 September 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Christine De RidderZavelstraat 13, 1000 Brussel 1c.deridder@mileslegal.eu
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 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
95 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 81 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
-€63,141▲ 11.4%
2020 · -€71,263
Total assets
€98,821▼ 26.7%
2020 · €134,848
Net result
€28,825
2020 · -€57,269
Working capital
-€91,349▲ 15.4%
2020 · -€107,974
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€193-€18,954▲ 9,701%-€55,227€31,194
Net result-€4,523-€16,655-€57,269€28,825
Equity-€30,649--€13,994▲ 54.3%-€71,263▼ 409%-€63,141▲ 11.4%
Total assets€187,979-€196,008▲ 4.3%€134,848▼ 31.2%€98,821▼ 26.7%
Debt€218,629-€210,002▼ 3.9%€206,111▼ 1.9%€161,962▼ 21.4%
Working capital-€153,183--€112,373▲ 26.6%-€107,974▲ 3.9%-€91,349▲ 15.4%
Staff (FTE)2-2=2=2=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €31,194 after a loss of €55,227 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €98,821
Fixed assets
€52,132 ▼ 42.7%
Current assets
€46,689 ▲ 6.3%
Key figures and ratios
EBITDA
€83,698▲
2020 · €11,354
Cash flow
€81,329▲
2020 · €9,312
Solvency
-63.9%▼
2020 · -52.8%
Current ratio
0.34▲
2020 · 0.29
Quick ratio
0.27▼
2020 · 0.29
Debt to equity
-2.57▼
2020 · -0.53
ROA
29.2%▲
2020 · -42.5%
Interest coverage
34.34
Debt ≤ 1 year
€138,039▼
2020 · €151,910
Debt > 1 year
€23,923▼
2020 · €37,990
Staff costs
€48,160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €48,160 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,428 | €65,326 | €66,581 | €52,503 | ▼ 21.1% |
| Other operating charges640/8 | - | - | - | €1,718 | - |
| Gross operating margin9900 | €159,006 | €154,657 | €60,474 | €133,576 | ▲ 121% |
| Operating profit (loss)9901 | €193 | €18,954 | -€55,227 | €31,194 | ▲ 156% |
| Financial income75/76B | - | - | - | €68 | - |
| Recurring financial income75 | €8 | €116 | €224 | €68 | ▼ 69.6% |
| Financial charges65/66B | - | - | - | €2,437 | - |
| Recurring financial charges65 | €4,724 | €2,415 | €2,266 | €2,437 | ▲ 7.5% |
| Profit (loss) for the period before taxes9903 | -€4,523 | €16,655 | -€57,269 | €28,825 | ▲ 150% |
| Profit (loss) for the period9904 | -€4,523 | €16,655 | -€57,269 | €28,825 | ▲ 150% |
| Transfer from tax-exempt reserves789 | - | - | - | €16,321 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,523 | €16,655 | -€57,269 | €45,146 | ▲ 179% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €187,979 | €196,008 | €134,848 | €98,821 | ▼ 26.7% |
| Fixed assets21/28 | €136,915 | €152,151 | €90,912 | €52,132 | ▼ 42.7% |
| Intangible fixed assets21 | €75 | - | - | €1,188 | - |
| Tangible fixed assets22/27 | €136,363 | €151,674 | €90,435 | €50,466 | ▼ 44.2% |
| Plant, machinery and equipment23 | - | - | - | €11,247 | - |
| Furniture and vehicles24 | - | - | - | €30,475 | - |
| Other tangible fixed assets26 | - | - | - | €8,744 | - |
| Financial fixed assets28 | €477 | €477 | €477 | €477 | = |
| Current assets29/58 | €51,064 | €43,857 | €43,936 | €46,689 | ▲ 6.3% |
| Stocks and contracts in progress3 | €11,367 | €7,149 | €403 | €9,000 | ▲ 2,131% |
| Stocks30/36 | - | - | - | €9,000 | - |
| Amounts receivable within one year40/41 | €18,281 | €25,762 | €14,697 | €25,090 | ▲ 70.7% |
| Trade receivables40 | - | - | - | €25,090 | - |
| Other amounts receivable41 | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €20,699 | €9,726 | €27,052 | €8,781 | ▼ 67.5% |
| Deferred charges and accrued income490/1 | - | - | - | €3,819 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €187,979 | €196,008 | €134,848 | €98,821 | ▼ 26.7% |
| Equity10/15 | -€30,649 | -€13,994 | -€71,263 | -€63,141 | ▲ 11.4% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €32,808 | €32,808 | €32,808 | €16,487 | ▼ 49.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Tax-exempt reserves132 | - | - | - | €12 | - |
| Distributable reserves133 | - | - | - | €14,615 | - |
| Profit (loss) carried forward14 | -€82,057 | -€65,402 | -€122,671 | -€98,228 | ▲ 19.9% |
| Amounts payable17/49 | €218,629 | €210,002 | €206,111 | €161,962 | ▼ 21.4% |
| Amounts payable after more than one year17 | €14,381 | €53,167 | €37,990 | €23,923 | ▼ 37.0% |
| Financial debts170/4 | - | - | - | €23,923 | - |
| Amounts payable within one year42/48 | €204,248 | €156,230 | €151,910 | €138,039 | ▼ 9.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,067 | - |
| Financial debts43 | - | - | - | €0 | - |
| Credit institutions430/8 | - | - | - | €0 | - |
| Trade debts44 | €18,615 | €4,451 | €7,907 | €10,579 | ▲ 33.8% |
| Suppliers440/4 | - | - | - | €10,579 | - |
| Taxes, remuneration and social security45 | - | - | - | €9,973 | - |
| Taxes450/3 | - | - | - | €3,626 | - |
| Remuneration and social security454/9 | - | - | - | €6,347 | - |
| Other amounts payable47/48 | - | - | - | €103,420 | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,523 | €16,655 | -€57,269 | €28,825 | ▲ 150% |
| + Depreciation and write-downs630 | €62,428 | €65,326 | €66,581 | €52,503 | ▼ 21.1% |
| Operating cash flow (approximation) | €57,906 | €81,981 | €9,312 | €81,329 | ▲ 773% |
| Investment in fixed assets (approximation) | - | -€80,562 | -€5,342 | -€13,723 | ▼ 157% |
| Change in cash | - | -€10,972 | €17,326 | -€18,271 | ▼ 205% |
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
2025
24-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 16-09-2025
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €28,825
Net result €28,825 after one loss-making year.
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 95 days late
2020
31-12
Financial
Weakest financial yearnet -€57,269
Net result drops to -€57,269, the lowest in the series.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-12
Financial
Back to profitnet €16,655
Net result €16,655 after one loss-making year.
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 64 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
2015
16-11
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 108 days late
2014
19-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Sint-Pieters-Leeuw · 1 establishment unit since 2002
Ground area
2,865 m²
Building footprint
1,680 m²
Parcel 23582E0390/00T002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20022.094.653.929
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0390/00T002 | Flanders | 2,865 m² | 1 · 1,680 m² | - |
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 | CHRISTINE DE RIDDER ZAVELSTRAAT 13,
1000 BRUSSEL 1 |
16-09-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-08-2001
Fiscal year end31-12
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.