PROCARS M&M
Open bankruptcySummary
A bankruptcy procedure is open for PROCARS M&M according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €202,970 and a net result of -€4,121.
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 Leuven
- Declared bankrupt
- 12 February 2026
- Supervising judge
- Guy Vos
- Official Gazette
- 18-02-2026 (pdf) ↗search the document for 2026/107023
Deadlines
- Provisional date payments stopped
- 12 February 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 5 March 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 14 March 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 24 March 2026Goods 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
- 12 February 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Christophe CelisGrasbos 35, 3294 Molenstedediest@advonet.be
- Charlotte GuelinckxBondgenoten- Laan 167, 3000 Leuvencharlotte.guelinckx@dion-guelinckx.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.
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-07-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d early
2023
33 d early
2022
28 d early
2021
37 d early
2020
88 d late
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 8 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 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 2024, abbreviated schema
Equity
€202,970▼ 2.0%
2023 · €207,092
Total assets
€203,616▼ 55.8%
2023 · €460,625
Net result
-€4,121
2023 · €6,894
Working capital
€202,970▼ 2.0%
2023 · €207,092
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
Line20202021202220232024
Operating result-€161,601▼ 29.3%-€9,810▲ 93.9%€10,670€19,264▲ 80.5%€4,405▼ 77.1%
Net result-€166,996▼ 25.4%-€14,193▲ 91.5%€5,543€6,894▲ 24.4%-€4,121
Equity€208,848▼ 44.4%€194,655▼ 6.8%€200,198▲ 2.8%€207,092▲ 3.4%€202,970▼ 2.0%
Total assets€500,329▼ 38.0%€478,036▼ 4.5%€463,932▼ 3.0%€460,625▼ 0.7%€203,616▼ 55.8%
Debt€291,481▼ 32.4%€283,382▼ 2.8%€263,734▼ 6.9%€253,534▼ 3.9%€646▼ 99.7%
Working capital€207,977▼ 43.3%€194,655▼ 6.4%€200,198▲ 2.8%€207,092▲ 3.4%€202,970▼ 2.0%
Staff (FTE)0.4▼ 42.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 77% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €203,616
Equity
€202,970 ▼ 2.0%
Debt
€646 ▼ 99.7%
Debt's share of the balance-sheet total falls from 55.0% to 0.3%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2023 · 1.22
ROE
-2.0%▼
2023 · 3.3%
ROA
-2.0%▼
2023 · 1.5%
Debt ≤ 1 year
€646▼
2023 · €253,534
Income taxes
€154▼
2023 · €273
A ratio outside any meaningful range has been withheld (balance sheet total €203,616, equity €202,970).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €634 | - | €2,302 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,250 | €871 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€8,720 | - | - | - | - |
| Other operating charges640/8 | - | €13,777 | €525 | €1,574 | €465 | ▼ 70.4% |
| Gross operating margin9900 | -€109,420 | -€3,882 | €11,194 | €20,838 | €4,871 | ▼ 76.6% |
| Operating profit (loss)9901 | -€161,601 | -€9,810 | €10,670 | €19,264 | €4,405 | ▼ 77.1% |
| Financial income75/76B | - | €0 | - | €1 | - | - |
| Recurring financial income75 | - | €0 | - | €1 | - | - |
| Financial charges65/66B | - | €4,140 | €4,875 | €12,097 | €8,373 | ▼ 30.8% |
| Recurring financial charges65 | €4,981 | €4,140 | €4,875 | €12,097 | €8,373 | ▼ 30.8% |
| Profit (loss) for the period before taxes9903 | -€166,582 | -€13,949 | €5,795 | €7,167 | -€3,967 | ▼ 155% |
| Income taxes67/77 | €414 | €244 | €252 | €273 | €154 | ▼ 43.6% |
| Profit (loss) for the period9904 | -€166,996 | -€14,193 | €5,543 | €6,894 | -€4,121 | ▼ 160% |
| Profit (loss) for the period to be appropriated9905 | -€166,996 | -€14,193 | €5,543 | €6,894 | -€4,121 | ▼ 160% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €500,329 | €478,036 | €463,932 | €460,625 | €203,616 | ▼ 55.8% |
| Fixed assets21/28 | €871 | - | - | - | - | - |
| Tangible fixed assets22/27 | €871 | - | - | - | - | - |
| Current assets29/58 | €499,458 | €478,036 | €463,932 | €460,625 | €203,616 | ▼ 55.8% |
| Stocks and contracts in progress3 | €179,011 | €123,850 | €23,000 | - | - | - |
| Stocks30/36 | - | €123,850 | €23,000 | - | - | - |
| Amounts receivable within one year40/41 | €208,222 | €252,033 | €431,311 | €425,736 | €19,128 | ▼ 95.5% |
| Trade receivables40 | - | €242,700 | €420,513 | €414,188 | €7,000 | ▼ 98.3% |
| Other amounts receivable41 | - | €9,333 | €10,798 | €11,548 | €12,128 | ▲ 5.0% |
| Cash at bank and in hand54/58 | €109,727 | €100,847 | €8,690 | €33,912 | €183,444 | ▲ 441% |
| Deferred charges and accrued income490/1 | - | €1,307 | €931 | €978 | €1,045 | ▲ 6.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €500,329 | €478,036 | €463,932 | €460,625 | €203,616 | ▼ 55.8% |
| Equity10/15 | €208,848 | €194,655 | €200,198 | €207,092 | €202,970 | ▼ 2.0% |
| Contributions10/11 | - | €320,000 | €320,000 | €320,000 | €320,000 | = |
| Reserves13 | €32,000 | €32,000 | €32,000 | €32,000 | €32,000 | = |
| Non-distributable reserves130/1 | - | €32,000 | €32,000 | - | - | - |
| Reserves not available under the articles1311 | - | €32,000 | €32,000 | - | - | - |
| Distributable reserves133 | - | - | - | €32,000 | €32,000 | = |
| Profit (loss) carried forward14 | -€143,152 | -€157,345 | -€151,802 | -€144,908 | -€149,030 | ▼ 2.8% |
| Amounts payable17/49 | €291,481 | €283,382 | €263,734 | €253,534 | €646 | ▼ 99.7% |
| Amounts payable within one year42/48 | €291,481 | €283,382 | €263,734 | €253,534 | €646 | ▼ 99.7% |
| Financial debts43 | - | €250,000 | €250,000 | €250,000 | - | - |
| Credit institutions430/8 | - | €250,000 | €250,000 | €250,000 | - | - |
| Trade debts44 | €4,007 | €3,085 | €2,588 | €2,242 | €437 | ▼ 80.5% |
| Suppliers440/4 | - | €3,085 | €2,588 | €2,242 | €437 | ▼ 80.5% |
| Taxes, remuneration and social security45 | - | €2,381 | €496 | €1,292 | €209 | ▼ 83.9% |
| Taxes450/3 | - | €2,381 | €496 | €1,292 | €209 | ▼ 83.9% |
| Other amounts payable47/48 | - | €27,917 | €10,650 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€166,996 | -€14,193 | €5,543 | €6,894 | -€4,121 | ▼ 160% |
| + Depreciation and write-downs630 | €8,250 | €871 | - | - | - | - |
| Operating cash flow (approximation) | -€158,745 | -€13,322 | €5,543 | €6,894 | -€4,121 | ▼ 160% |
| Change in cash | - | -€8,880 | -€92,157 | €25,222 | €149,532 | ▲ 493% |
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
2026
18-02
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 12-02-2026
2025
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 173current ratio 315.22
Current ratio from 1.82 to 315.22; short-term debt falls from €253,534 to €646.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €6,894 ▲24.4%
Operating result €19,264, net result €6,894, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5,543
Net result €5,543 after 4 loss-making years.
31-12
Financial
Equity above €200,000Eq €200,198 ▲2.8%
Equity rises from €194,655 to €200,198.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
31-12
Financial
Weakest financial yearnet -€166,996
Net result drops to -€166,996, the lowest in the series.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
Show earlier events
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Aarschot · 1 establishment unit since 2009
Ground area
8,343 m²
Building footprint
149 m²
Volume, LiDAR
272 m³
Parcel 24060B0039/00T000, Flanders · tallest building 3.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PROCARS M & M
since 20092.180.393.417
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24060B0039/00T000 | Flanders | 8,343 m² | 1 · 149 m² | 3.2 m · 1 fl. |
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE CELIS GRASBOS 35, 3294 MOLENSTEDE- |
12-02-2026 → present |
| Curator | CHARLOTTE GUELINCKX BONDGENOTEN-
LAAN 167, 3000 LEUVEN |
12-02-2026 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-06-2009
Fiscal year end31-12
Contact
Phone
016 650811Aarschot
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.