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PREMIUM TYRE

Open bankruptcy
Private limited companyfounded 2017KBO/BCE: BE 0675.602.129

A bankruptcy procedure is open for PREMIUM TYRE according to publications in the Belgian State Gazette; curator: ALAIN G. VANDAMME.

Summary

The 2021 annual accounts show negative equity (-€11,733) and a net result of -€2,797.

PREMIUM TYREOpen bankruptcy

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
French-language Enterprise Court of Brussels
Declared bankrupt
20 June 2022
Supervising judge
Paul Vanderhoeven
Official Gazette
28-06-2022 (pdf) ↗search the document for 2022/124276

Deadlines

Provisional date payments stopped
20 January 2022Moved back by judgment of 12 May 2023. Payments and security you received since that day can in some cases be challenged by the curator.art. XX.105, XX.111 and XX.112 CEL
Appeal or third-party opposition until
passed on 13 July 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 20 July 2022art. XX.104 and XX.155 CEL
First verification report
passed on 27 July 2022Goods 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 20 June 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Alain G. VandammeBoulevard Brand Whit- Lock 106, 1200 Bruxelles 20alain.vandamme@law-vovan.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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
raises risk · Register: open bankruptcy
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
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 24-11-2021, 24 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 · 3 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
24 d late
2020
144 d late
2019
259 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 142 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · 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

On 10 May 2017, PREMIUM TYRE was incorporated.1 Total assets went from EUR 44,135 in 2019 to EUR 42,601 in 2021.2 The company was declared bankrupt on 20 June 2022.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2021
  3. 3Belgian State Gazette, 28-06-2022

Go further with this company

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

Financials · fiscal year 2021, micro schema

Equity
-€11,733▼ 31.3%
2020 · -€8,936
Total assets
€42,601▲ 58.1%
2020 · €26,950
Net result
-€2,797▲ 74.4%
2020 · -€10,917
Working capital
-€40,963▼ 33.8%
2020 · -€30,620
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line201920202021
Operating result€16,659--€9,769-€1,991▲ 79.6%
Net result€16,073--€10,917below the sector's middle half-€2,797below the sector's middle half▲ 74.4%
Equity€42,073--€8,936below the sector's middle half-€11,733below the sector's middle half▼ 31.3%
Total assets€44,135-€26,950below the sector's middle half▼ 38.9%€42,601below the sector's middle half▲ 58.1%
Debt€2,062-€35,886▲ 1,641%€54,335▲ 51.4%
Working capital€24,789--€30,620below the sector's middle half-€40,963below the sector's middle half▼ 33.8%
Solvency95.3%--33.2%below the sector's middle half▼ 128.5pp-27.5%below the sector's middle half▲ 5.6pp
Current ratio13.02-0.15below the sector's middle half▼ 12.880.25below the sector's middle half▲ 0.10
Return on assets (ROA)36.4%--40.5%below the sector's middle half▼ 76.9pp-6.6%below the sector's middle half▲ 33.9pp
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
-€20,000-€10,000€0€10,000€20,000Operating result 2019: €16,659€16,659Net result 2019: €16,073€16,073Operating result 2020: -€9,769-€9,769Net result 2020: -€10,917-€10,917Operating result 2021: -€1,991-€1,991Net result 2021: -€2,797-€2,797201920202021-€20,000-€10,000€0€10,000€20,000Operating result 2019: €16,659€16,700Net result 2019: €16,073€16,100Operating result 2020: -€9,769-€9,770Net result 2020: -€10,917-€10,900Operating result 2021: -€1,991-€1,990Net result 2021: -€2,797-€2,800201920202021
The operating result stays negative: a loss of €1,991 in 2021 against €9,769 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €41,401
Fixed assets €28,030 ▲ 36.8%
Current assets €13,372 ▲ 154%
Key figures and ratios
2021 value · change against 2020
EBITDA
€6,963
Cash flow
€6,157
Quick ratio
0.07▼
2020 · 0.09
Debt ≤ 1 year
€54,335▲
2020 · €35,886
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 22 lines
Balance sheet Code20202021
Assets
Total assets20/58€26,950€42,601▲
Formation expenses20€1,200€1,200=
Fixed assets21/28€20,484€28,030▲
Tangible fixed assets22/27€20,484€28,030▲
Current assets29/58€5,266€13,372▲
Stocks and contracts in progress3€2,093€9,766▲
Amounts receivable within one year40/41€2,969€3,481▲
Cash at bank and in hand54/58€205€125▼
Equity and liabilities
Total equity and liabilities10/49€26,950€42,601▲
Equity10/15-€8,936-€11,733▼
Contributions10/11€26,000€26,000=
Profit (loss) carried forward14-€34,936-€37,733▼
Amounts payable17/49€35,886€54,335▲
Amounts payable within one year42/48€35,886€54,335▲
Trade debts44€21,092€38,981▲
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€8,954
Gross operating margin9900-€9,555€7,137▲
Operating profit (loss)9901-€9,769-€1,991▲
Recurring financial charges65€1,148€806▼
Profit (loss) for the period before taxes9903-€10,917-€2,797▲
Profit (loss) for the period9904-€10,917-€2,797▲
Profit (loss) for the period to be appropriated9905-€10,917-€2,797▲
Line201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,321-€8,954-
Gross operating margin9900€22,252-€9,555€7,137▲ 175%
Operating profit (loss)9901€16,659-€9,769-€1,991▲ 79.6%
Recurring financial charges65€586€1,148€806▼ 29.8%
Profit (loss) for the period before taxes9903€16,073-€10,917-€2,797▲ 74.4%
Profit (loss) for the period9904€16,073-€10,917-€2,797▲ 74.4%
Profit (loss) for the period to be appropriated9905€16,073-€10,917-€2,797▲ 74.4%
Line201920202021Change
Assets
Total assets20/58€44,135€26,950€42,601▲ 58.1%
Formation expenses20-€1,200€1,200=
Fixed assets21/28€17,284€20,484€28,030▲ 36.8%
Tangible fixed assets22/27€17,284€20,484€28,030▲ 36.8%
Current assets29/58€26,851€5,266€13,372▲ 154%
Stocks and contracts in progress3-€2,093€9,766▲ 367%
Amounts receivable within one year40/41€3,586€2,969€3,481▲ 17.2%
Cash at bank and in hand54/58€23,265€205€125▼ 39.1%
Equity and liabilities
Total equity and liabilities10/49€44,135€26,950€42,601▲ 58.1%
Equity10/15€42,073-€8,936-€11,733▼ 31.3%
Contributions10/11€26,000€26,000€26,000=
Profit (loss) carried forward14€16,073-€34,936-€37,733▼ 8.0%
Amounts payable17/49€2,062€35,886€54,335▲ 51.4%
Amounts payable within one year42/48€2,062€35,886€54,335▲ 51.4%
Trade debts44€26€21,092€38,981▲ 84.8%
Line201920202021Change
Profit (loss) for the period9904€16,073-€10,917-€2,797▲ 74.4%
+ Depreciation and write-downs630€4,321-€8,954-
Operating cash flow (approximation)€20,394-€10,917€6,157▲ 156%
Investment in fixed assets (approximation)--€3,200-€16,500▼ 416%
Change in cash--€23,060-€80▲ 99.7%

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

2023
26-06
Bankruptcy Date of cessation of payments moved back
Tribunal de l’entreprise francophone de Bruxelles · event 12-05-2023
2022
28-06
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · event 20-06-2022
2021
24-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
24-03
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 144 days late
2020
16-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 259 days late
31-03
Financial Weakest financial yearnet -€10,917
Net result drops to -€10,917, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Brussel · 2 establishment units since 2019
seat establishment All 2 establishment units on the map
Ground area
269 m²
Building footprint
190 m²
Volume, LiDAR
2,195 m³
2 parcels, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
2 establishment units
PREMIUM TYER
NACE 45205
since 20192.301.456.048
PREMIUM TYER
Zuidstraat 44, 1000 BrusselNACE 45113
since 20192.301.456.246
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21810L2201/00N019 Brussels 244 m² 1 · 164 m² 18.8 m · 3 fl.
21004A0609/00D000 Brussels 26 m² 1 · 26 m² 16.7 m · 5 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 ALAIN G. VANDAMME
BOULEVARD BRAND WHIT- LOCK 106, 1200 BRUXELLES 20
20-06-2022 → present

Similar companies · same sector, comparable size

Of 2,605 companies in sector 47551 we hold annual accounts for 1,723. 1,153 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
Founded10-05-2017
Fiscal year end31-03
Activities, NACEBEL 2025
47551Retail sale of household furniture
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95315Tyre services
47820Retail sale of motor vehicle parts and accessories
49410Freight transport by road
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 30 September 2026 · Peppol Directory

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