REECA
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 5 August 2021 · trustee Stefanie Hens · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Supervising judge
- Peter De Vos
- Official Gazette
- 11-08-2021search the document for 2021/128918
Deadlines
- Provisional date payments stopped
- 5 August 2021A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 26 August 2021That 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 4 September 2021art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 1 October 2021Reclaim 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 5 August 2022A 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
Trustee
- Stefanie HensBritselei 76, 2000 06 Antwerpenstefanie.hens@advoteam.be
Steps for a creditor
- 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.
- Follow the file in RegSol. The trustee's reports appear there.
- 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.
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.
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.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 08-04-2010
- Legal form
- Private limited company (pre-2019)
- Activity
- Activities of building architects NACE 71111and 4 others
- Establishment unit
- 2.187.824.112 since 01-04-2010
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2019
- Gross margin
- €51,798
- ▼ 86.3%
- Turnover
- ≈ €130,000
- estimated
- Loss
- €14,343
- Equity
- €306,522
- ▼ 4.5%
- Total assets
- €488,998
- ▲ 5.4%
- Staff
- 1 FTE
- =
Financials
Financials · financial year 2019, micro format
2019 annual accounts filed 41 days after the deadline Filed on 10 September 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-52700281.
Annual accounts 2019 filed on 10-09-2020 PDF all 9 filings
Turnover
≈ €130,000
Estimated: probably between €99,000 and €220,000
Total assets
€488,998▲ 5.4%
2018 · €464,067
Net result
-€14,343
2018 · €221,379
Working capital
€256,652▲ 4.8%
2018 · €244,892
Multi-year overview
2018 to 2019, 2 financial yearsOperating result
-€19,572
2019
20182019
Net result
-€14,343
2019
20182019
Equity
€306,522
▼ 4.5%
2019
20182019
Total assets
€488,998
▲ 5.4%
2019
20182019
Debt
€182,476
▲ 27.4%
2019
20182019
Working capital
€256,652
▲ 4.8%
2019
20182019
Staff (FTE)
1
=
2019
20182019
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Operating result€312,247--€19,572
Net result€221,379--€14,343
Equity€320,865-€306,522▼ 4.5%
Total assets€464,067-€488,998▲ 5.4%
Debt€143,202-€182,476▲ 27.4%
Working capital€244,892-€256,652▲ 4.8%
Staff (FTE)1-1=
The operating result for 2019 is a loss of €19,572, after a profit of €312,247 in 2018.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €488,998
Fixed assets
€49,870 ▼ 34.4%
Current assets
€439,128 ▲ 13.1%
Equity and liabilities €488,998
Equity
€306,522 ▼ 4.5%
Debt
€182,476 ▲ 27.4%
Debt's share of the balance-sheet total rises from 30.9% to 37.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,531▼
2018 · €338,288
Cash flow
€11,760▼
2018 · €247,420
Current ratio
2.41▼
2018 · 2.71
ROE
-4.7%▼
2018 · 69.0%
ROA
-2.9%▼
2018 · 47.7%
Debt ≤ 1 year
€182,476▲
2018 · €143,202
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,041 | €26,103 | ▲ 0.2% |
| Gross operating margin9900 | €378,693 | €51,798 | ▼ 86.3% |
| Operating profit (loss)9901 | €312,247 | -€19,572 | - |
| Recurring financial income75 | €1,487 | €8,312 | ▲ 459% |
| Recurring financial charges65 | €497 | €3,083 | ▲ 521% |
| Profit (loss) for the period before taxes9903 | €313,237 | -€14,343 | - |
| Income taxes67/77 | €91,858 | - | - |
| Profit (loss) for the period9904 | €221,379 | -€14,343 | - |
| Profit (loss) for the period to be appropriated9905 | €221,379 | -€14,343 | - |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €464,067 | €488,998 | ▲ 5.4% |
| Fixed assets21/28 | €75,973 | €49,870 | ▼ 34.4% |
| Tangible fixed assets22/27 | €75,973 | €49,870 | ▼ 34.4% |
| Current assets29/58 | €388,095 | €439,128 | ▲ 13.1% |
| Amounts receivable within one year40/41 | €46,726 | €126,077 | ▲ 170% |
| Cash at bank and in hand54/58 | €871 | €17 | ▼ 98.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €464,067 | €488,998 | ▲ 5.4% |
| Equity10/15 | €320,865 | €306,522 | ▼ 4.5% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €302,265 | €287,922 | ▼ 4.7% |
| Amounts payable17/49 | €143,202 | €182,476 | ▲ 27.4% |
| Amounts payable within one year42/48 | €143,202 | €182,476 | ▲ 27.4% |
| Trade debts44 | €19,751 | €89,940 | ▲ 355% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €221,379 | -€14,343 | - |
| + Depreciation and write-downs630 | €26,041 | €26,103 | ▲ 0.2% |
| Operating cash flow (approximation) | €247,420 | €11,760 | ▼ 95.2% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€854 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | micro format | 10-09-2020 | 2020-52700281 | |
| 31-12-2018 | micro format | 10-09-2019 | 2019-64000331 | |
| 31-12-2017 | micro format | 10-08-2018 | 2018-44800079 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57700526 | |
| 31-12-2015 | abbreviated format | 18-07-2016 | 2016-32400087 | |
| 31-12-2014 | abbreviated format | 27-07-2015 | 2015-34600445 | |
| 31-12-2013 | abbreviated format | 27-02-2015 | 2015-05300586 | |
| 31-12-2012 | abbreviated format | 07-05-2013 | 2013-11500048 | |
| 31-12-2011 | abbreviated format | 26-09-2012 | 2012-57900190 |
Board & ownership
Directors
Directors
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Stefanie Hens Britselei 76, 2000 06 Antwerpen |
05-08-2021 → present |
| Trustee | Mr Peeters Joost Broederminstraat 9, 2018 Antwerpen 1 |
05-10-2017 → present |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2021
11-08
Bankruptcy
Bankruptcy declared
Enterprise Court of Antwerp, Antwerp division · judgment of 05-08-2021
2020
10-09
micro format · 41 days late
2019
10-09
micro format · 41 days late
2018
10-08
micro format · 10 days late
2017
10-10
Bankruptcy
Bankruptcy declared
Commercial Court of Antwerp, Antwerp division · judgment of 05-10-2017
31-08
micro format · 31 days late
2016
18-07
abbreviated format · 13 days before the deadline
2015
2013
07-05
abbreviated format · 85 days before the deadline
2012
26-09
abbreviated format · 57 days late
2010
20-04
2 publications in the Belgian Official Gazette, the last on 10-10-2017
SignalGazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2019
- Legal form
- Private limited company (pre-2019)
- Active since
- 8 April 2010
Register details
Identity
Name
REECA in Dutch
Enterprise number
0824.771.402
Entity type
Legal entity
Registered office and establishments
Establishment unit
Reeca since 01-04-2010 · unit number 2.187.824.1127111101 Activities of building architects
Activities
NACEBEL 202571111
Activities of building architects main activity
70100
Activities of head offices
70200
Business and other management consultancy
73300
Public relations and communication consultancy
82990
Other business support services
Codes under NACEBEL 2008
71111
Architectural and engineering activities; technical testing and analysis main activity
70100
Activities of head offices
70210
Activities of head offices; management consultancy activities
70220
Business consulting
82990
Other business support services
Invoicing and payment
VAT number
BE 0824.771.402
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
1.7 ha
Building footprint
262 m²
Building volume
1,555 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11037B0362/00C000 | Flanders | 1.7 ha | 1 · 262 m² | 8.7 m · 2 |