POWER PLUS ENGINEERING
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 30 September 2024
- Supervising judge
- Pierre Gonne
- Official Gazette
- 04-10-2024 (pdf) ↗search the document for 2024/137555
Deadlines
- Appeal or third-party opposition until
- passed on 19 October 2024Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 30 October 2024art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 6 November 2024Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 30 September 2025A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Frederik De Vulder59 B, Avenue Reine Astrid (Bte 3), 1780 Wemmelcabinet@devulderavocat.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file in RegSol ↗
Follow
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
Embed in an article
Writing about this bankruptcy? Embed the POWER PLUS ENGINEERING company card in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Overview
Activity
Retail sale of motor vehicle parts and accessories
NACE 47820
1 site
Size
€37,076total assets 2022
- Staff
- 2 FTE
- Equity
- -€54,272
- Loss
- -€49,812
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Signalsraises riskOpen bankruptcy2022 accounts filed 27 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · 2022 accounts filed 27 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-08-2023, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2023
not filed
2022
27 days late
2021
16 days late
2020
44 days early
2019
27 days late
2018
12 days early
2017
10 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 4 days after the deadline; the sector median (NACE 47) for financial year 2023 is on the deadline day, and 48% of those companies filed late.
Searched, nothing found (1)
- OpeningFrench-language Enterprise Court of Brussels…
- Resignation: Stéphane BIEVEZ (director)Appointment: Ludovic BIEVEZ (director)
- Annual accounts filedfinancial year 2022 · micro…
Financials · financial year 2022, micro format
2022 annual accounts filed late (27 days) Filed on 27 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00376558.
Equity
-€54,272▼ 1,117%
2021 · -€4,460
Total assets
€37,076▼ 33.0%
2021 · €55,353
Net result
-€49,812▼ 2,367%
2021 · -€2,019
Working capital
-€38,866▼ 3,532%
2021 · -€1,070
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result turns negative in 2022: a loss of €42,487 after €7,904 in 2021, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€42,487
2022
Net result-€49,812
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€37,076
2022
Equity-€54,272
2022
Debt€91,348
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€38,866
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-134.4%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-146.4%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.39
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)2
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€17,476-€4,868€9,803▲ 101%€7,904▼ 19.4%-€42,487
Net result-€24,332--€2,141▲ 91.2%€3,307within the sector's middle half-€2,019below the sector's middle half-€49,812below the sector's middle half▼ 2,367%
Equity-€3,608--€5,749▼ 59.3%-€2,441below the sector's middle half▲ 57.5%-€4,460below the sector's middle half▼ 82.7%-€54,272below the sector's middle half▼ 1,117%
Total assets€114,263-€97,087▼ 15.0%€76,625within the sector's middle half▼ 21.1%€55,353below the sector's middle half▼ 27.8%€37,076below the sector's middle half▼ 33.0%
Debt€117,870-€102,836▼ 12.8%€79,066▼ 23.1%€59,813▼ 24.4%€91,348▲ 52.7%
Working capital-€27,551--€32,167▼ 16.8%-€34,440below the sector's middle half▼ 7.1%-€1,070within the sector's middle half▲ 96.9%-€38,866below the sector's middle half▼ 3,532%
Solvency-3.2%--5.9%▼ 2.8pp-3.2%below the sector's middle half▲ 2.7pp-8.1%below the sector's middle half▼ 4.9pp-146.4%below the sector's middle half▼ 138.3pp
Current ratio0.70-0.65▼ 0.050.56below the sector's middle half▼ 0.080.97within the sector's middle half▲ 0.410.39below the sector's middle half▼ 0.58
Return on assets (ROA)-21.3%--2.2%▲ 19.1pp4.3%within the sector's middle half▲ 6.5pp-3.6%below the sector's middle half▼ 8.0pp-134.4%below the sector's middle half▼ 130.7pp
Staff (FTE)1.5-1.7▲ 13.3%2within the sector's middle half▲ 17.6%2=2=
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €37,076
Fixed assets
€11,890 ▼ 42.0%
Current assets
€25,186 ▼ 27.8%
Equity and liabilities
Equity-€54,272
Debt€91,348
Equity is negative: debt (€91,348) exceeds the balance-sheet total (€37,076).
Key figures and ratios
EBITDA
-€33,890▼
2021 · €19,415
Cash flow
-€41,215▼
2021 · €9,492
Quick ratio
0.18▼
2021 · 0.58
Interest coverage
-4.61▼
2021 · 2.95
Debt ≤ 1 year
€64,052▲
2021 · €35,936
Debt > 1 year
€22,830▼
2021 · €23,877
Income taxes
-€21▼
2021 · €3,451
Staff costs
€85,682▲
2021 · €80,736
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €80,736 | €85,682 | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,310 | €13,908 | €12,098 | €11,511 | €8,597 | ▼ 25.3% |
| Other operating charges640/8 | - | - | - | €4,839 | €3,615 | ▼ 25.3% |
| Gross operating margin9900 | €85,980 | €82,453 | €92,331 | €104,990 | €55,407 | ▼ 47.2% |
| Operating profit (loss)9901 | -€17,476 | €4,868 | €9,803 | €7,904 | -€42,487 | - |
| Financial income75/76B | - | - | - | €111 | €8 | ▼ 92.8% |
| Recurring financial income75 | €846 | €8 | €6 | €111 | €8 | ▼ 92.8% |
| Financial charges65/66B | - | - | - | €6,583 | €7,354 | ▲ 11.7% |
| Recurring financial charges65 | €7,702 | €7,017 | €3,968 | €6,583 | €7,354 | ▲ 11.7% |
| Profit (loss) for the period before taxes9903 | -€24,332 | -€2,141 | €5,841 | €1,432 | -€49,833 | - |
| Income taxes67/77 | €0 | - | €2,534 | €3,451 | -€21 | - |
| Profit (loss) for the period9904 | -€24,332 | -€2,141 | €3,307 | -€2,019 | -€49,812 | ▼ 2,367% |
| Profit (loss) for the period to be appropriated9905 | -€24,332 | -€2,141 | €3,307 | -€2,019 | -€49,812 | ▼ 2,367% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114,263 | €97,087 | €76,625 | €55,353 | €37,076 | ▼ 33.0% |
| Fixed assets21/28 | €51,410 | €38,357 | €31,998 | €20,487 | €11,890 | ▼ 42.0% |
| Intangible fixed assets21 | €9,459 | €4,922 | €1,946 | - | - | - |
| Tangible fixed assets22/27 | €41,951 | €33,435 | €30,052 | €20,487 | €11,890 | ▼ 42.0% |
| Plant, machinery and equipment23 | - | - | - | €16,927 | €9,765 | ▼ 42.3% |
| Furniture and vehicles24 | - | - | - | €3,560 | €2,125 | ▼ 40.3% |
| Current assets29/58 | €62,852 | €58,730 | €44,626 | €34,866 | €25,186 | ▼ 27.8% |
| Stocks and contracts in progress3 | €18,003 | €12,038 | €20,293 | €14,048 | €13,823 | ▼ 1.6% |
| Stocks30/36 | - | - | - | €14,048 | €13,823 | ▼ 1.6% |
| Amounts receivable within one year40/41 | €39,904 | €36,694 | €17,034 | €16,625 | €8,746 | ▼ 47.4% |
| Trade receivables40 | - | - | - | €13,755 | €8,724 | ▼ 36.6% |
| Other amounts receivable41 | - | - | - | €2,870 | €22 | ▼ 99.2% |
| Cash at bank and in hand54/58 | €490 | €4,690 | €486 | €864 | €1,332 | ▲ 54.2% |
| Deferred charges and accrued income490/1 | - | - | - | €3,329 | €1,285 | ▼ 61.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114,263 | €97,087 | €76,625 | €55,353 | €37,076 | ▼ 33.0% |
| Equity10/15 | -€3,608 | -€5,749 | -€2,441 | -€4,460 | -€54,272 | ▼ 1,117% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €9,800 | €9,800 | €9,800 | €9,800 | €9,800 | = |
| Tax-exempt reserves132 | - | - | - | €9,800 | €9,800 | = |
| Profit (loss) carried forward14 | -€33,408 | -€35,549 | -€32,241 | -€34,260 | -€84,072 | ▼ 145% |
| Amounts payable17/49 | €117,870 | €102,836 | €79,066 | €59,813 | €91,348 | ▲ 52.7% |
| Amounts payable after more than one year17 | €27,468 | €11,939 | - | €23,877 | €22,830 | ▼ 4.4% |
| Other amounts payable178/9 | - | - | - | €23,877 | €22,830 | ▼ 4.4% |
| Amounts payable within one year42/48 | €90,403 | €90,897 | €79,066 | €35,936 | €64,052 | ▲ 78.2% |
| Financial debts43 | - | - | - | €4,386 | €8,678 | ▲ 97.9% |
| Other loans439 | - | - | - | €4,386 | €8,678 | ▲ 97.9% |
| Trade debts44 | €24,924 | €24,730 | €19,158 | €7,535 | €14,288 | ▲ 89.6% |
| Suppliers440/4 | - | - | - | €7,535 | €14,288 | ▲ 89.6% |
| Taxes, remuneration and social security45 | - | - | - | €24,015 | €41,086 | ▲ 71.1% |
| Taxes450/3 | - | - | - | €15,456 | €23,344 | ▲ 51.0% |
| Remuneration and social security454/9 | - | - | - | €8,559 | €17,742 | ▲ 107% |
| Accrued charges and deferred income492/3 | - | - | - | - | €4,466 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,332 | -€2,141 | €3,307 | -€2,019 | -€49,812 | ▼ 2,367% |
| + Depreciation and write-downs630 | €21,310 | €13,908 | €12,098 | €11,511 | €8,597 | ▼ 25.3% |
| Operating cash flow (approximation) | -€3,022 | €11,767 | €15,405 | €9,492 | -€41,215 | - |
| Investment in fixed assets (approximation) | - | -€855 | -€5,739 | €0 | €0 | ▼ 100% |
| Change in cash | - | €4,200 | -€4,204 | €378 | €468 | ▲ 23.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 27-08-2023 | 2023-00376558 |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20293332 |
| 31-12-2020 | micro format | 17-06-2021 | 2021-20500534 |
| 31-12-2019 | micro format | 27-08-2020 | 2020-45000596 |
| 31-12-2018 | micro format | 19-07-2019 | 2019-34400396 |
| 31-12-2017 | micro format | 10-08-2018 | 2018-45100428 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-54100424 |
| 31-12-2015 | full format | 31-08-2016 | 2016-56700601 |
| 31-12-2014 | full format | 29-07-2015 | 2015-37200131 |
| 31-12-2013 | full format | 29-08-2014 | 2014-53500513 |
Similar companies · same sector and region
A.H.BELGIUM
BE 0658.883.683
Vorst
BANDEN REDANT VORST
BE 0533.999.153
Vorst
CAR 3000
BE 0474.286.448
Vorst
A.L.E. RENT
BE 0451.604.482
Wavre
ACCAUTO PARTS NAMUR
BE 0401.368.974
Watermaal-Bosvoorde
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 2,399 active companies whose main activity is retail sale of motor vehicle parts and accessories (NACE 47820), figures are known for 788. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2024
Ludovic BIEVEZ
CurrentDirector · since 01-07-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
2 of this company's 3 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2024, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Ludovic BIEVEZ |
|
| Stéphane BIEVEZ |
|
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Frederik De Vulder 59 B, Avenue Reine Astrid (Bte 3), 1780 Wemmel |
30-09-2024 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
2024
04-10
Bankruptcy
Opening
French-language Enterprise Court of Brussels · judgment of 30-09-2024
01-10
Gazette deed
Resignation: Stéphane BIEVEZ (director)Appointment: Ludovic BIEVEZ (director)3 facts ▸
Gazette deed
Resignation: Stéphane BIEVEZ (director)
Appointment: Ludovic BIEVEZ (director)3 facts ▸
- General meeting, 01-07-2024
- Director resignation, Stéphane BIEVEZ (director)
- Director appointment, Ludovic BIEVEZ (director)
2023
27-08
NBB filing
Annual accounts filed
financial year 2022 · micro format · 27 days late
2022
31-12
Financial
Weakest financial yearnet -€49,812
Net result drops to -€49,812, the lowest in the series.
16-08
NBB filing
Annual accounts filed
financial year 2021 · micro format · 16 days late
2021
17-06
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Back to profitnet €3,307
Net result €3,307 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
financial year 2019 · micro format · 27 days late
2019
19-07
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
10-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 10 days late
2017
30-08
NBB filing
Annual accounts filed
financial year 2016 · micro format · 30 days late
2016
31-08
NBB filing
Annual accounts filed
financial year 2015 · full format · 31 days late
2015
29-07
NBB filing
Annual accounts filed
financial year 2014 · full format
2014
29-08
NBB filing
Annual accounts filed
financial year 2013 · full format · 29 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 21 annual accounts filed, the latest 10 are here; all 21 are under Financials.
1 of 3 deeds read
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not 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.
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded02-03-2001
Financial year end31-12
Activities, NACEBEL 2025
47820Retail sale of motor vehicle parts and accessories
95319Other maintenance and repair of motor vehicles
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2001
Ground area
4,064 m²
Building footprint
1,969 m²
Building volume
13,318 m³
Parcel 21384D0045/00T000, Brussels · tallest building 31.1 m. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
POWER PLUS ENGINEERING
since 2001unit no. 2.094.406.776
1 parcel
Brussels
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21384D0045/00T000 | Brussels | 4,064 m² | 1 · 1,969 m² | 31.1 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.