READTO
Open bankruptcySummary
A bankruptcy procedure is open for READTO according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €149,092 and a net result of €25,775.
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 Antwerp, Turnhout division
- Declared bankrupt
- 23 December 2025
- Supervising judge
- Frédéric De Vel
- Official Gazette
- 08-01-2026 (pdf) ↗search the document for 2026/100236
Deadlines
- Provisional date payments stopped
- 23 December 2025A later judgment can change the date.art. XX.105 CEL
- File the claim in RegSol until
- passed on 22 January 2026art. XX.104 and XX.155 CEL
- Appeal or third-party opposition until
- passed on 23 January 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 3 February 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
- 23 December 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Jacques Arnauts-SmeetsAarschotse- Steenweg 7, 2230 Herseltinfo@rubiconlaw.be
- Gunther PeetersAarschotsesteenweg 7, 2230 Herseltinfo@rubiconlaw.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 · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d late
2022
59 d late
2021
61 d late
2020
24 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 53 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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?Addresses Are there other customers at risk in your own list?List enrichment How is the Food and beverage service activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
€149,092▲ 20.9%
2022 · €123,317
Total assets
€180,871▼ 44.6%
2022 · €326,562
Net result
€25,775▼ 33.3%
2022 · €38,647
Working capital
€117,698▼ 53.4%
2022 · €252,507
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€7,841▼ 58.7%-€46,005€850€38,157▲ 4,390%€31,232▼ 18.1%
Net result€8,403▼ 15.9%-€40,512below the sector's middle half€2,716within the sector's middle half€38,647within the sector's middle half▲ 1,323%€25,775within the sector's middle half▼ 33.3%
Equity€122,467▲ 7.4%€81,954within the sector's middle half▼ 33.1%€84,670within the sector's middle half▲ 3.3%€123,317within the sector's middle half▲ 45.6%€149,092within the sector's middle half▲ 20.9%
Total assets€270,205▲ 4.9%€248,373within the sector's middle half▼ 8.1%€283,981within the sector's middle half▲ 14.3%€326,562within the sector's middle half▲ 15.0%€180,871below the sector's middle half▼ 44.6%
Debt€147,738▲ 2.9%€166,419▲ 12.6%€199,311▲ 19.8%€203,245▲ 2.0%€31,779▼ 84.4%
Working capital€145,225▲ 76.6%€161,870above the sector's middle half▲ 11.5%€207,569above the sector's middle half▲ 28.2%€252,507above the sector's middle half▲ 21.6%€117,698within the sector's middle half▼ 53.4%
Solvency45.3%▲ 1.0pp33.0%within the sector's middle half▼ 12.3pp29.8%within the sector's middle half▼ 3.2pp37.8%within the sector's middle half▲ 7.9pp82.4%above the sector's middle half▲ 44.7pp
Current ratio6.21▲ 3.6410.46above the sector's middle half▲ 4.249.97above the sector's middle half▼ 0.498.79above the sector's middle half▼ 1.174.70above the sector's middle half▼ 4.09
Return on assets (ROA)3.1%▼ 0.8pp-16.3%below the sector's middle half▼ 19.4pp1.0%within the sector's middle half▲ 17.3pp11.8%within the sector's middle half▲ 10.9pp14.3%above the sector's middle half▲ 2.4pp
Staff (FTE)3.1▼ 22.5%2.6below the sector's middle half▼ 16.1%1.5below the sector's middle half▼ 42.3%3below the sector's middle half▲ 100%3.5within the sector's middle half▲ 16.7%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 18% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €180,871
Fixed assets
€31,394 ▼ 24.6%
Current assets
€149,477 ▼ 47.5%
Equity and liabilities €180,871
Equity
€149,092 ▲ 20.9%
Debt
€31,779 ▼ 84.4%
Debt's share of the balance-sheet total falls from 62.2% to 17.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,523▼
2022 · €57,006
Cash flow
€44,065▼
2022 · €57,496
Debt to equity
0.21▼
2022 · 1.65
ROE
17.3%▼
2022 · 31.3%
Interest coverage
5.69▼
2022 · 7.32
Debt ≤ 1 year
€31,779▼
2022 · €32,397
Debt > 1 year
€0▼
2022 · €2,279
Income taxes
€395▲
2022 · -€180
Staff costs
€101,653▲
2022 · €71,890
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,188 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €19,822 | €71,890 | €101,653 | ▲ 41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,113 | €33,225 | €17,551 | €18,849 | €18,291 | ▼ 3.0% |
| Other operating charges640/8 | - | - | €6,190 | €7,773 | €6,850 | ▼ 11.9% |
| Gross operating margin9900 | €114,924 | €12,810 | €44,413 | €136,669 | €158,026 | ▲ 15.6% |
| Operating profit (loss)9901 | €7,841 | -€46,005 | €850 | €38,157 | €31,232 | ▼ 18.1% |
| Financial income75/76B | - | - | €6,755 | €8,093 | €3,639 | ▼ 55.0% |
| Recurring financial income75 | €6,256 | €9,565 | €6,755 | €8,093 | €3,639 | ▼ 55.0% |
| Financial charges65/66B | - | - | €4,582 | €7,783 | €8,702 | ▲ 11.8% |
| Recurring financial charges65 | €5,371 | €3,930 | €4,582 | €7,783 | €8,702 | ▲ 11.8% |
| Profit (loss) for the period before taxes9903 | €8,727 | -€40,370 | €3,023 | €38,467 | €26,169 | ▼ 32.0% |
| Income taxes67/77 | €324 | €142 | €307 | -€180 | €395 | ▲ 320% |
| Profit (loss) for the period9904 | €8,403 | -€40,512 | €2,716 | €38,647 | €25,775 | ▼ 33.3% |
| Profit (loss) for the period to be appropriated9905 | €8,403 | -€40,512 | €2,716 | €38,647 | €25,775 | ▼ 33.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €270,205 | €248,373 | €283,981 | €326,562 | €180,871 | ▼ 44.6% |
| Fixed assets21/28 | €97,118 | €69,387 | €53,268 | €41,658 | €31,394 | ▼ 24.6% |
| Tangible fixed assets22/27 | €97,118 | €69,387 | €53,268 | €41,658 | €31,394 | ▼ 24.6% |
| Land and buildings22 | - | - | €24,523 | €20,661 | €16,798 | ▼ 18.7% |
| Plant, machinery and equipment23 | - | - | €3,075 | €4,376 | €4,812 | ▲ 10.0% |
| Furniture and vehicles24 | - | - | €25,670 | €16,621 | €9,783 | ▼ 41.1% |
| Current assets29/58 | €173,087 | €178,987 | €230,713 | €284,904 | €149,477 | ▼ 47.5% |
| Amounts receivable within one year40/41 | €149,688 | €173,650 | €184,956 | €235,521 | €121,626 | ▼ 48.4% |
| Trade receivables40 | - | - | €5,071 | €27,830 | €27,830 | = |
| Other amounts receivable41 | - | - | €179,884 | €207,691 | €93,796 | ▼ 54.8% |
| Cash at bank and in hand54/58 | €23,110 | €5,337 | €45,438 | €49,383 | €27,851 | ▼ 43.6% |
| Deferred charges and accrued income490/1 | - | - | €319 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €270,205 | €248,373 | €283,981 | €326,562 | €180,871 | ▼ 44.6% |
| Equity10/15 | €122,467 | €81,954 | €84,670 | €123,317 | €149,092 | ▲ 20.9% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €114,267 | €73,754 | €76,470 | €115,117 | €140,892 | ▲ 22.4% |
| Amounts payable17/49 | €147,738 | €166,419 | €199,311 | €203,245 | €31,779 | ▼ 84.4% |
| Amounts payable after more than one year17 | €17,617 | €12,707 | €7,597 | €2,279 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €7,597 | €2,279 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €27,862 | €17,117 | €23,144 | €32,397 | €31,779 | ▼ 1.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,318 | €2,279 | ▼ 57.1% |
| Financial debts43 | - | - | €6,950 | - | - | - |
| Credit institutions430/8 | - | - | €1,841 | - | - | - |
| Other loans439 | - | - | €5,110 | - | - | - |
| Trade debts44 | €5,430 | €1,544 | €7,720 | €22,170 | €18,460 | ▼ 16.7% |
| Suppliers440/4 | - | - | €7,720 | €22,170 | €18,460 | ▼ 16.7% |
| Taxes, remuneration and social security45 | - | - | €8,474 | €4,909 | €11,040 | ▲ 125% |
| Taxes450/3 | - | - | €7,007 | - | €3,505 | - |
| Remuneration and social security454/9 | - | - | €1,468 | €4,909 | €7,535 | ▲ 53.5% |
| Accrued charges and deferred income492/3 | - | - | €168,569 | €168,569 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,403 | -€40,512 | €2,716 | €38,647 | €25,775 | ▼ 33.3% |
| + Depreciation and write-downs630 | €38,113 | €33,225 | €17,551 | €18,849 | €18,291 | ▼ 3.0% |
| Operating cash flow (approximation) | €46,516 | -€7,287 | €20,267 | €57,496 | €44,065 | ▼ 23.4% |
| Investment in fixed assets (approximation) | - | -€5,493 | -€1,433 | -€7,240 | -€8,026 | ▼ 10.9% |
| Change in cash | - | -€17,773 | €40,101 | €3,945 | -€21,531 | ▼ 646% |
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
08-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 23-12-2025
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
31-12
Financial
Highest result since 2018net €38,647 ▲1,323%
Operating result €38,157, net result €38,647, both a record.
31-12
Financial
Equity above €100,000Eq €123,317 ▲45.6%
2 profitable years in a row build equity to €123,317.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Back to profitnet €2,716
Net result €2,716 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet -€40,512
Net result drops to -€40,512, the lowest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 336 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 6.21
Current ratio from 2.57 to 6.21; short-term debt falls from €52,262 to €27,862.
Show earlier events
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
30-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 152 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Geel · 1 establishment unit since 2012
Ground area
1.2 ha
Building footprint
3,600 m²
Volume, LiDAR
16,483 m³
2 parcels, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
65
companies at this address
See who is registered here
1 establishment unit
Readto
since 20122.209.027.619
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13376G0389/00P000 | Flanders | 1.1 ha | 1 · 3,240 m² | 5.8 m · 2 fl. |
| 13010E0195/00R002 | Flanders | 1,629 m² | 1 · 359 m² | 11.2 m · 2 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES ARNAUTS-SMEETS AARSCHOTSE-
STEENWEG 7, 2230 HERSELT |
23-12-2025 → present |
| Curator | GUNTHER
PEETERS AARSCHOTSESTEENWEG 7, 2230 HERSELT- |
23-12-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteGrobbendonk2.209.027.619
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Of 618 companies in sector 56309 we hold annual accounts for 118. 83 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 (pre-2019)
Founded17-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56309Food and beverage service activities
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.