PAK

Open bankruptcy

Private limited companyfounded 2020KBO/BCE: BE 0754.866.074

A bankruptcy procedure is open for PAK according to publications in the Belgian State Gazette; curator: Luk DECEUNINCK.

Summary

The 2021 annual accounts show equity of €5,853 and a net result of €3,853.

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PAKOpen bankruptcy

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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: 19 December 2023
Supervising judge: Pieter De Smet
Official Gazette: 28-12-2023 (pdf) ↗search the document for 2023/150002

Curator

Luk DeceuninckBruggestraat 55, 8930 Menenluk@advocatencentro.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.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

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. Full guide for creditors

Signals

Two signals.

+raises risk

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

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Checked, nothing found (1)

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

PAK was incorporated on 24 September 2020 as a Private limited company.¹ The company has filed annual accounts once, for fiscal year 2021.² On 19 December 2023 the company was declared bankrupt.³

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?Address check Are there other customers at risk in your own list?Debtor check

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

Financials · fiscal year 2021, micro schema

Equity

€5,853

Total assets

€33,145

Net result

€3,853

Working capital

€5,853

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Equity and liabilities €33,145

17.7%

82.3%

Equity €5,853

Debt €27,293

Debt finances 82.3% of the balance-sheet total.

Key figures and ratios

2021 value

Current ratio

1.21

Quick ratio

0.08

Debt to equity

4.66

ROE

65.8%

ROA

11.6%

Debt ≤ 1 year

€27,293

Income taxes

€1,189

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2021 · 27 lines

Balance sheet Code2021

Assets

Total assets20/58€33,145

Current assets29/58€33,145

Stocks and contracts in progress3€31,015

Stocks30/36€31,015

Amounts receivable within one year40/41€954

Other amounts receivable41€954

Cash at bank and in hand54/58€1,176

Equity and liabilities

Total equity and liabilities10/49€33,145

Equity10/15€5,853

Contributions10/11€2,000

Profit (loss) carried forward14€3,853

Amounts payable17/49€27,293

Amounts payable within one year42/48€27,293

Trade debts44€1,746

Suppliers440/4€1,746

Taxes, remuneration and social security45€1,189

Taxes450/3€1,189

Other amounts payable47/48€24,358

Income statement Code2021

Gross operating margin9900€6,038

Operating profit (loss)9901€6,038

Financial charges65/66B€996

Recurring financial charges65€996

Profit (loss) for the period before taxes9903€5,042

Income taxes67/77€1,189

Profit (loss) for the period9904€3,853

Profit (loss) for the period to be appropriated9905€3,853

Appropriation of the result

Profit (loss) to be appropriated9906€3,853

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021
Gross operating margin9900	€6,038
Operating profit (loss)9901	€6,038
Financial charges65/66B	€996
Recurring financial charges65	€996
Profit (loss) for the period before taxes9903	€5,042
Income taxes67/77	€1,189
Profit (loss) for the period9904	€3,853
Profit (loss) for the period to be appropriated9905	€3,853

Line	2021
Assets
Total assets20/58	€33,145
Current assets29/58	€33,145
Stocks and contracts in progress3	€31,015
Stocks30/36	€31,015
Amounts receivable within one year40/41	€954
Other amounts receivable41	€954
Cash at bank and in hand54/58	€1,176
Equity and liabilities
Total equity and liabilities10/49	€33,145
Equity10/15	€5,853
Contributions10/11	€2,000
Profit (loss) carried forward14	€3,853
Amounts payable17/49	€27,293
Amounts payable within one year42/48	€27,293
Trade debts44	€1,746
Suppliers440/4	€1,746
Taxes, remuneration and social security45	€1,189
Taxes450/3	€1,189
Other amounts payable47/48	€24,358

Line	2021
Profit (loss) for the period9904	€3,853
Operating cash flow (approximation)	€3,853

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

All 2Signals 1Filings 1

2023

28-12

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · event 19-12-2023

2022

03-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 95 days late

SignalNBB filing

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.

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

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, Menen · 1 establishment unit since 2020

seat establishment The establishment unit on the map

Ground area

247 m²

Building footprint

218 m²

Volume, LiDAR

1,445 m³

2 parcels, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

PAK

d'Ennetièresplein 40, 8906 IeperWholesale trade

since 20202.308.593.961

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34027D0139/00Y011	Flanders	134 m²	1 · 105 m²	11.2 m · 3 fl.
33007C0397/00G000	Flanders	113 m²	1 · 113 m²	10.5 m · 2 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	Luk DECEUNINCK BRUGGESTRAAT 55, 8930 MENEN-	19-12-2023 → present

Identification & contact

Identification

Legal formPrivate limited company

Founded24-09-2020

Fiscal year end31-12

Scores and ratios are computed by Checked and are not a credit decision.