PLAK SYSTEM
Open bankruptcyA bankruptcy procedure is open for PLAK SYSTEM according to publications in the Belgian State Gazette; curator: MARIELLE DONNE.
Summary
The 2022 annual accounts show negative equity (-€149,923) and a net result of -€177,738.
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 Liège, Liège division
- Declared bankrupt
- 2 May 2024
- Supervising judge
- Bruno Giaccio
- Official Gazette
- 13-05-2024 (pdf) ↗search the document for 2024/119427
Curator
- Marielle DonnePlace Puissant 13, 4171 Poul- Seurmarielledonne@skynet.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 ↗
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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
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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 30-06-2022 was due by 31-01-2023 and was filed on 01-02-2023, 1 day 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 filed
2024
not filed
2023
not filed
2022
1 d late
2021
3 d late
2020
283 d late
← 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 96 days after 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)
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?Address check Are there other customers at risk in your own list?Debtor check How is the Insulation installation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, full schema
Turnover
€413,140
EBIT margin
-43.2%
Net result
-€177,738
2021 · €1,200
Working capital
-€144,449
2021 · €26,385
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
Line202020212022
Turnover€413,140
Operating result€22,023-€2,157▼ 90.2%-€178,646
Net result€17,615-€1,200▼ 93.2%-€177,738
EBIT margin-43.2%
Equity€26,615-€27,814▲ 4.5%-€149,923
Total assets€37,903-€113,791▲ 200%€99,263▼ 12.8%
Debt€11,288-€85,977▲ 662%€249,186▲ 190%
Working capital€26,615-€26,385▼ 0.9%-€144,449
Staff (FTE)0.3
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €178,646 after €2,157 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €99,263
Fixed assets
€1,501 ▲ 5.0%
Current assets
€97,762 ▼ 13.0%
Key figures and ratios
EBITDA
-€178,239▼
2021 · €2,360
Cash flow
-€177,330▼
2021 · €1,403
Solvency
-151.0%▼
2021 · 24.4%
Current ratio
0.40▼
2021 · 1.31
Debt to equity
-1.66
ROA
-179.1%▼
2021 · 1.1%
Interest coverage
-1343.98
Debt ≤ 1 year
€242,210▲
2021 · €85,977
Income taxes
€1,004▼
2021 · €1,043
Staff costs
€33,863
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | - | - | €413,140 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €563,220 | - |
| Remuneration, social security and pensions62 | - | - | €33,863 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €204 | €408 | ▲ 99.9% |
| Other operating charges640/8 | - | - | €493 | - |
| Non-recurring operating charges66A | - | - | €119 | - |
| Gross operating margin9900 | €22,023 | €2,719 | -€143,764 | ▼ 5,387% |
| Operating profit (loss)9901 | €22,023 | €2,157 | -€178,646 | ▼ 8,384% |
| Financial income75/76B | - | - | €2,045 | - |
| Recurring financial income75 | - | €88 | €2,045 | ▲ 2,223% |
| Financial charges65/66B | - | - | €133 | - |
| Recurring financial charges65 | €5 | €2 | €133 | ▲ 6,307% |
| Profit (loss) for the period before taxes9903 | €22,018 | €2,243 | -€176,734 | ▼ 7,981% |
| Income taxes67/77 | €4,404 | €1,043 | €1,004 | ▼ 3.8% |
| Profit (loss) for the period9904 | €17,615 | €1,200 | -€177,738 | ▼ 14,917% |
| Profit (loss) for the period to be appropriated9905 | €17,615 | €1,200 | -€177,738 | ▼ 14,917% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €37,903 | €113,791 | €99,263 | ▼ 12.8% |
| Fixed assets21/28 | €0 | €1,430 | €1,501 | ▲ 5.0% |
| Tangible fixed assets22/27 | €0 | €1,430 | €1,501 | ▲ 5.0% |
| Plant, machinery and equipment23 | - | - | €1,282 | - |
| Furniture and vehicles24 | - | - | €220 | - |
| Current assets29/58 | €37,903 | €112,361 | €97,762 | ▼ 13.0% |
| Amounts receivable within one year40/41 | €30,832 | €111,805 | €97,487 | ▼ 12.8% |
| Trade receivables40 | - | - | €19,475 | - |
| Other amounts receivable41 | - | - | €78,011 | - |
| Cash at bank and in hand54/58 | €7,071 | €556 | €53 | ▼ 90.5% |
| Deferred charges and accrued income490/1 | - | - | €222 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €37,903 | €113,791 | €99,263 | ▼ 12.8% |
| Equity10/15 | €26,615 | €27,814 | -€149,923 | ▼ 639% |
| Contributions10/11 | - | - | €9,000 | - |
| Profit (loss) carried forward14 | €17,615 | €18,814 | -€158,923 | ▼ 945% |
| Amounts payable17/49 | €11,288 | €85,977 | €249,186 | ▲ 190% |
| Amounts payable within one year42/48 | €11,288 | €85,977 | €242,210 | ▲ 182% |
| Trade debts44 | €813 | €55,835 | €183,588 | ▲ 229% |
| Suppliers440/4 | - | - | €183,588 | - |
| Taxes, remuneration and social security45 | - | - | €8,388 | - |
| Remuneration and social security454/9 | - | - | €8,388 | - |
| Other amounts payable47/48 | - | - | €50,234 | - |
| Accrued charges and deferred income492/3 | - | - | €6,976 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,615 | €1,200 | -€177,738 | ▼ 14,917% |
| + Depreciation and write-downs630 | - | €204 | €408 | ▲ 99.9% |
| Operating cash flow (approximation) | €17,615 | €1,403 | -€177,330 | ▼ 12,735% |
| Investment in fixed assets (approximation) | - | -€1,634 | -€479 | ▲ 70.7% |
| Change in cash | - | -€6,515 | -€503 | ▲ 92.3% |
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
13-05
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 02-05-2024
2023
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 1 day late
2022
30-06
Financial
Weakest financial yearnet -€177,738
Net result drops to -€177,738, the lowest in the series.
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 283 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Liège · 1 establishment unit since 2020
Ground area
8,137 m²
Building footprint
3,326 m²
Parcel 62002A0059/00W008, Wallonia. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
PLAK SYSTEM
since 20202.299.498.529
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002A0059/00W008 | Wallonia | 8,137 m² | 1 · 3,325 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 | MARIELLE DONNE PLACE PUISSANT 13, 4171 POUL-
SEUR |
02-05-2024 → present |
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Of 4,269 companies in sector 43230 we hold annual accounts for 1,239. 936 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded16-01-2020
Fiscal year end30-06
Activities, NACEBEL 2025
43230Insulation installation
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.