Losses
The 2020 and 2021 financial years closed with a loss. 2020 was the heaviest.
Trustees: Victor Engelen, Godfrey Lesire. 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 2020 and 2021 financial years closed with a loss. 2020 was the heaviest.
A company was founded shortly before or after the bankruptcy of another, with a director in both or at the same registered office.
J&N GROUP was founded 8 months before the bankruptcy of this company. TANAI Muska sat on both boards.
This is a pattern, not a judgment. A new start after a bankruptcy is often entirely legitimate. The facts come from the KBO register, the Belgian Official Gazette, the director data and the annual accounts at the NBB. The same name in two sets of accounts is not necessarily the same person. What the facts mean is for you to look into.
On 26 June 2025 the court declared R&E bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 7% of 2,786 companies in 2021.
Higher than 6% of 2,695 companies in 2021.
Lower than 95% of 2,714 companies in 2021.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2021, 25 people joined and 20 left.
| Line | Trend | 2021 | 2020 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
12,775 | 8,564 | |
21/28 |
6,070 | 8,070 | |
22/27 |
4,000 | 6,000 | |
23 |
4,000 | 6,000 | |
28 |
2,070 | 2,070 | |
29/58 |
6,705 | 494 | |
40/41 |
6,215 | - | |
40 |
6,215 | - | |
54/58 |
171 | 494 | |
490/1 |
320 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
12,775 | 8,564 | |
10/15 |
-17,498 | -17,498 | |
10/11 |
18,600 | 18,600 | |
100 |
- | 18,600 | |
14 |
-36,098 | -36,098 | |
17/49 |
30,273 | 26,062 | |
42/48 |
30,273 | 26,062 | |
44 |
999 | 1,880 | |
440/4 |
999 | 1,880 | |
45 |
8,876 | 7,090 | |
450/3 |
8,876 | 4,950 | |
454/9 |
- | 2,140 | |
47/48 |
20,398 | 17,092 | |
| Income statement | |||
70 |
- | 31,639 | |
76A |
- | 17,638 | |
9900 |
37,806 | -907 | |
60/61 |
- | 50,184 | |
62 |
41,275 | 13,339 | |
630 |
2,000 | 2,000 | |
640/8 |
1,573 | 210 | |
9901 |
-7,043 | -16,456 | |
65/66B |
544 | 185 | |
65 |
544 | 185 | |
9903 |
-7,587 | -16,641 | |
9904 |
-7,587 | -16,641 | |
9905 |
-7,587 | -16,641 | |
| Appropriation of the result | |||
9906 |
-43,685 | -36,098 | |
14P |
-36,098 | - | |
794 |
7,587 | - | |
| Social balance sheet | |||
9087 |
3.1 | - | |
Hours worked1013 |
2,059 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2021 (PDF), filed on 31-08-2022.
2021 annual accounts filed 31 days after the deadline. Filed on 31 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20384680.
| Line | Trend | 2021 | 2020 |
|---|---|---|---|
| -5,043 | -14,456 | ||
| -5,587 | -14,641 | ||
| 0 | - | ||
| -323 | - | ||
| -23,568 | -25,568 | ||
| - | -52.0% | ||
| -137.0% | -204.3% | ||
| 0.22 | 0.02 | ||
| -59.4% | -194.3% | ||
| -9.26 | - | ||
| - | 14 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 7 |
| full-time | 1 |
| part-time | 6 |
| in full-time equivalents | 3.1 |
| 1.8 | |
| On a permanent contract | 2 |
| Joined | 25 |
| Left | 20 |
Source: social balance sheet in the 2021 annual accounts
The operating result for 2021 is a loss of €7,043, smaller than the loss of €16,456 in 2020.
Equity is negative. Debt (€30,273) exceeds the balance-sheet total (€12,775).
2 other companies of this director went bankrupt (2025, 2026).
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
R&E has no parent and no holdings in its annual accounts.
| H & S SCHILDERWERKEN
registered office since 29-01-2016 |
founded in 2016 0647.631.584 |
| IRMAOS via SINGH Ranjit, at R&E until 2022 · Director · deed of 31-07-2023 Open bankruptcy · founded in 2023 |
total assets €43,219 (2024) |
| Muska Fashion via TANAI Muska, at R&E until 2024 · Manager · deed of 06-07-2022 founded in 2022 · negative equity (2023) |
total assets €168,192 (2023) |
| GL - INTERIEURS via SINGH Ranjit, at R&E until 2022 · Director · deed of 19-08-2024 founded in 2012 · accounts filed late |
total assets €81,925 (2024) |
| Deloitte Consulting & Advisory via SINGH Ranjit, at R&E until 2022 · Director · deed of 27-12-2021 founded in 2001 · group Deloitte Belgium |
turnover €561.2m (2025) |
| GURDWARA SANGAT SAHIB BELGIUM via SINGH Ranjit, at R&E until 2022 · Director · deed of 17-02-2026 |
founded in 1992 |
| J&N GROUP via TANAI Muska, at R&E until 2024 · Director · deed of 07-10-2024 |
founded in 2024 |
| Sweet Chilli via SINGH Ranjit, at R&E until 2022 · Director (not named in the articles) · deed of 20-08-2026 |
founded in 2026 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71034A0813/00A000 | 84 m² | 1 · 68 m² | 11.2 m · 3 |
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