RECREAM
Open bankruptcyFrom the official registers: KBO 15 annual accounts at the National Bank publications in the Belgian Official Gazette
Information for creditors
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
- Commercial Court of Antwerp, Tongeren division
- Declared bankrupt
- 9 February 2015
- Official Gazette
- 11-02-2015 (pdf) ↗search the document for 2015/101131
Deadlines
- Provisional date payments stopped
- 31 January 2015The trustee can in some cases challenge payments and security you received since that day. A later judgment can still change the date.art. XX.105, XX.111 and XX.112, Code of Economic Law
- Appeal or third-party opposition until
- passed on 26 February 2015That is fifteen 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 11 March 2015art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 26 March 2015Reclaim 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 9 February 2016A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
New trustees
- Noe Annappointed on 13 April 2021Paalse-Steenweg 133, 3583 Beringen
- Vandenreyt Bertappointed on 13 April 2021Paals-Esteenweg 133, 3583 Beringen
The court appointed this trustee as a replacement or as an additional trustee. The publication says which (reference 2021/114532). Your claim in RegSol stays valid. That day's Gazette (pdf) ↗
Trustee at the opening
- Mr Kerkhofs IlseMolendriesstraat 19, 3740 Bilzen
Next steps
- 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.
- This bankruptcy was opened before April 2017 and is not in RegSol. The trustee and the registry of the enterprise court keep the file.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Official details
KBO- Status
- Active since 20-03-1991 Open bankruptcy
- Legal form
- Public limited company
- Registered office
- Wiekstraat 36, 3600 Genk
- Activity
- Full-service restaurants NACE 56111
- Establishment units
- 2.052.132.691 3600 Genk, since 18-05-1995
- 2.209.200.041 3600 Genk, since 29-05-2012
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
Open bankruptcy: no score
Annual accounts 2013
- Gross margin
- €81,093
- ▼ 65.3%
- Turnover
- ≈ €260,000
- estimated
- Loss
- €100,021
- Equity
- €106,229
- ▼ 48.5%
- Total assets
- €532,246
- ▼ 6.5%
- Staff
- 4.3 FTE
- ▼ 8.5%
Filed on 08-07-2014PDF
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2013 was due by 31-07-2014 and was filed on 08-07-2014, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2013
23 days early
2012
139 days late
2011
499 days late
2010
122 days late
2009
27 days late
2008
257 days late
2007
180 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Financials · financial year 2013, abbreviated format
Latest annual accounts filed
Annual accounts 2013
- Financial year ended
- 31-12-2013
- Filed on
- 08-07-2014
- Format
- abbreviated format
- Reference
- 2014-29000565
Turnover
≈ €260,000
Estimated: probably between €210,000 and €350,000
Total assets
€532,246▼ 6.5%
2012 · €568,957
Net result
-€100,021
2012 · €59,462
Working capital
-€192,798▼ 15.7%
2012 · -€166,690
Trend over the years
2009 to 2013, 5 financial years 2009 to 2013, 5 financial years
The operating result for 2013 is a loss of €83,537, after a profit of €71,622 in 2012. It is the lowest result since 2009.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Operating result-€83,537
2013
Net result-€100,021
2013
Assets, equity and debt per financial year.
Total assets€532,246
2013
Equity€106,229
2013
Debt€426,017
2013
Above zero, the company can pay its short-term debts with what it holds in the short term.
Working capital-€192,798
2013
Average staff per financial year, in full-time equivalents (FTE).
Staff (FTE)4.3
2013
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20092010201120122013
Operating result-€41,541--€69,234▼ 66.7%€8,521€71,622▲ 741%-€83,537
Net result-€32,535--€136,665▼ 320%-€7,276▲ 94.7%€59,462-€100,021
Equity€40,069-€154,065▲ 284%€146,789▼ 4.7%€206,251▲ 40.5%€106,229▼ 48.5%
Total assets€312,944-€527,713▲ 68.6%€559,575▲ 6.0%€568,957▲ 1.7%€532,246▼ 6.5%
Debt€266,616-€366,679▲ 37.5%€405,717▲ 10.6%€353,328▼ 12.9%€426,017▲ 20.6%
Working capital-€177,090--€172,278▲ 2.7%-€199,294▼ 15.7%-€166,690▲ 16.4%-€192,798▼ 15.7%
Staff (FTE)4-3▼ 25.0%3.2▲ 6.7%4.7▲ 46.9%4.3▼ 8.5%
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €532,246
Fixed assets
€502,328 ▲ 2.2%
Current assets
€29,918 ▼ 61.3%
Equity and liabilities €532,246
Equity
€106,229 ▼ 48.5%
Provisions
€0 ▼ 100%
Debt
€426,017 ▲ 20.6%
Debt's share of the balance-sheet total rises from 62.1% to 80.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€43,813▼
2012 · €86,258
Cash flow
-€60,297▼
2012 · €74,098
Current ratio
0.13▼
2012 · 0.32
Quick ratio
0.12▼
2012 · 0.28
Debt to equity
1.89▲
2012 · 0.53
ROE
-94.2%▼
2012 · 28.8%
ROA
-18.8%▼
2012 · 10.5%
Debt ≤ 1 year
€222,716▼
2012 · €244,049
Debt > 1 year
€200,762▲
2012 · €109,279
Income taxes
€297
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,792 | €14,132 | €15,257 | €14,636 | €39,724 | ▲ 171% |
| Gross operating margin9900 | €86,722 | €50,870 | €131,238 | €233,736 | €81,093 | ▼ 65.3% |
| Operating profit (loss)9901 | -€41,541 | -€69,234 | €8,521 | €71,622 | -€83,537 | - |
| Recurring financial income75 | - | - | - | - | €113 | - |
| Recurring financial charges65 | €8,212 | €67,431 | €15,797 | €12,160 | €16,300 | ▲ 34.0% |
| Profit (loss) for the period before taxes9903 | -€31,202 | -€136,665 | -€7,276 | €59,462 | -€99,724 | - |
| Income taxes67/77 | €1,333 | - | - | - | €297 | - |
| Profit (loss) for the period9904 | -€32,535 | -€136,665 | -€7,276 | €59,462 | -€100,021 | - |
| Profit (loss) for the period to be appropriated9905 | -€32,535 | -€136,665 | -€7,276 | €59,462 | -€100,021 | - |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €312,944 | €527,713 | €559,575 | €568,957 | €532,246 | ▼ 6.5% |
| Fixed assets21/28 | €265,282 | €503,385 | €494,800 | €491,598 | €502,328 | ▲ 2.2% |
| Intangible fixed assets21 | - | - | - | - | €45,838 | - |
| Tangible fixed assets22/27 | €265,282 | €503,385 | €494,800 | €491,598 | €456,490 | ▼ 7.1% |
| Current assets29/58 | €47,662 | €24,328 | €64,775 | €77,359 | €29,918 | ▼ 61.3% |
| Stocks and contracts in progress3 | €8,225 | €8,510 | €8,851 | €9,103 | €3,377 | ▼ 62.9% |
| Amounts receivable within one year40/41 | €29,722 | €3,613 | €35,927 | €60,160 | €10,199 | ▼ 83.0% |
| Current investments50/53 | €5,887 | €5,887 | €5,887 | €5,887 | €8,530 | ▲ 44.9% |
| Cash at bank and in hand54/58 | €3,463 | €3,646 | €13,061 | €1,859 | €6,305 | ▲ 239% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €312,944 | €527,713 | €559,575 | €568,957 | €532,246 | ▼ 6.5% |
| Equity10/15 | €40,069 | €154,065 | €146,789 | €206,251 | €106,229 | ▼ 48.5% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €46,542 | €46,542 | €46,542 | €46,542 | €67,587 | ▲ 45.2% |
| Profit (loss) carried forward14 | -€37,460 | -€174,125 | -€181,401 | -€121,939 | -€221,960 | ▼ 82.0% |
| Provisions and deferred taxes16 | €6,259 | €6,969 | €7,069 | €9,378 | - | - |
| Amounts payable17/49 | €266,616 | €366,679 | €405,717 | €353,328 | €426,017 | ▲ 20.6% |
| Amounts payable after more than one year17 | €37,418 | €166,423 | €137,851 | €109,279 | €200,762 | ▲ 83.7% |
| Amounts payable within one year42/48 | €224,752 | €196,606 | €264,069 | €244,049 | €222,716 | ▼ 8.7% |
| Trade debts44 | €118,513 | €84,849 | €52,323 | €61,689 | €42,766 | ▼ 30.7% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,535 | -€136,665 | -€7,276 | €59,462 | -€100,021 | - |
| + Depreciation and write-downs630 | €25,792 | €14,132 | €15,257 | €14,636 | €39,724 | ▲ 171% |
| Operating cash flow (approximation) | -€6,743 | -€122,533 | €7,981 | €74,098 | -€60,297 | - |
| Investment in fixed assets (approximation) | - | -€252,235 | -€6,672 | -€11,434 | -€50,454 | ▼ 341% |
| Change in cash | - | €183 | €9,415 | -€11,202 | €4,446 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2013 | abbreviated format | 08-07-2014 | 2014-29000565 | |
| 31-12-2012 | abbreviated format | 17-12-2013 | 2013-68900596 | |
| 31-12-2011 | abbreviated format | 12-12-2013 | 2013-68300516 | |
| 31-12-2010 | abbreviated format | 30-11-2011 | 2011-62300470 | |
| 31-12-2009 | abbreviated format | 27-08-2010 | 2010-47100591 | |
| 31-12-2008 | abbreviated format | 14-04-2010 | 2010-09300059 | |
| 31-12-2007 | abbreviated format | 27-01-2009 | 2009-02200006 | |
| 31-12-2006 | abbreviated format | 18-02-2008 | 2008-04800071 | |
| 31-12-2005 | abbreviated format | 12-01-2007 | 2007-01302664 | |
| 31-12-2004 | abbreviated format | 12-01-2007 | 2007-01302648 |
Comparable companies
These companies have the same main activity as RECREAM: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €290,000 and €477,000, founded between 1986 and 1997.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| RECREAM Genk | 1991 | €532,246 | €106,229 | €81,093 | -€100,021 | 4.3 | 2013 |
| DEVERKA Middelkerke | 1989 | €456,479 | €409,638 | €129,508 | €10,012 | 4.5 | 2025 |
| HET WIT HOEVEKE Tessenderlo-Ham | 1996 | €290,354 | €161,913 | €104,375 | -€36,092 | 3.8 | 2025 |
| RESTAURANT 't DOFFENHOF Olen | 1986 | €351,174 | €194,050 | €142,926 | -€1,392 | 3.7 | 2025 |
| NO MORE Brasschaat | 1992 | €467,822 | -€13,695 | €131,265 | -€20,230 | 2.5 | 2025 |
| DINER PRIVÉ Dilbeek | 1994 | €477,025 | -€335,438 | €53,813 | -€609,029 | 7.6 | 2025 |
| VIJF VOOR TWAALF Merchtem | 1997 | €411,671 | €381,019 | €179,691 | €48,915 | 3.6 | 2025 |
They were chosen from the 12,111 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Noe Ann Paalse-Steenweg 133, 3583 Beringen |
13-04-2021 → present |
| Trustee | Vandenreyt Bert Paals-Esteenweg 133, 3583 Beringen |
13-04-2021 → present |
| Trustee | Mr Kerkhofs Ilse Molendriesstraat 19, 3740 Bilzen |
09-02-2015 → present |
Owners and capital
Owners
History
Acts, filings and financial milestones
2021
19-04
Bankruptcy
Change of trustee
Enterprise Court of Antwerp, Tongeren division · new trustees: Noe Ann, Vandenreyt Bert · judgment of 13-04-2021
2015
11-02
Bankruptcy
Opening
Commercial Court of Antwerp, Tongeren division · judgment of 09-02-2015
2014
08-07
financial year 2013 · abbreviated format
2013
2012
31-12
Financial
Back to profitnet €59,462
The net result is €59,462, after 3 loss-making years.
31-12
Financial
Equity above €200,000equity €206,251 ▲40.5%
Equity rises from €146,789 to €206,251.
2011
30-11
financial year 2010 · abbreviated format · 122 days late
2010
31-12
Financial
Weakest financial yearnet -€136,665
The net result drops to -€136,665, the lowest from 2009 to 2013.
31-12
Financial
Equity above €150,000equity €154,065 ▲284%
Equity rises from €40,069 to €154,065.
27-08
financial year 2009 · abbreviated format · 27 days late
14-04
financial year 2008 · abbreviated format · 257 days late
Show earlier events
2009
27-01
financial year 2007 · abbreviated format · 180 days late
2008
18-02
financial year 2006 · abbreviated format · 202 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Opening faillissement
RECREAM is in the KBO register with the legal situation: opening faillissement.
- Legal situation
- Opening faillissement
- Last annual accounts
- financial year to 31 December 2013
- Legal form
- Public limited company
- Active since
- 20 March 1991
Register details
Identity
Name
RECREAM in Dutch
Enterprise number
0443.686.017
Entity type
Legal entity
Registered office and establishments
Registered office
Wiekstraat 36, 3600 Genk, Belgium
Establishments
2 establishment units since 1995
Activities
NACEBEL 202556111
Full-service restaurants main activity
Invoicing and payment
VAT number
BE 0443.686.017
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
The scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
Location
2 establishment units
ZABIONE
since 1995unit number 2.052.132.691
't Ambrozijntje
since 2012unit number 2.209.200.041
Buildings and parcels at the addresses
Ground area
3.2 ha
Building footprint
2.6 ha
Building volume
167,650 m³
3 parcels, Flanders · tallest building 64.2 m.
3 parcels
Flanders
3
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71016I1055/00H000 | Flanders | 2.9 ha | 1 · 2.5 ha | 64.2 m · 2 |
| 71306G0037/00S002 | Flanders | 2,183 m² | 1 · 279 m² | 7.2 m · 2 |
| 71016I1006/00L003 | Flanders | 406 m² | 1 · 148 m² | 7.7 m · 1 |