S14
Open bankruptcyA bankruptcy procedure is open for S14 according to publications in the Belgian State Gazette; curator: CHARLOTTE PIERS.
Summary
The file additionally contains 1 judicial reorganisation. The 2020 annual accounts show negative equity (-€831,542) and a net result of -€1.1m.
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 Brussels
- Declared bankrupt
- 13 July 2021
- Supervising judge
- Geert Anciaux
- Official Gazette
- 22-07-2021 (pdf) ↗search the document for 2021/127761
Curator
- Charlotte PiersGroenkraaglaan 3, 1170 Brussel 17cp@keylegal.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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. Full guide for creditors
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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 31-12-2020 was due by 31-07-2021 and was filed on 30-06-2021, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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?Address check Are there other customers at risk in your own list?Debtor check How is the Renting and operating of own or leased non-residential real estate, excluding land sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1.1m▼ 152%
2019 · -€445,469
Working capital
-€966,947▼ 217%
2019 · -€304,854
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
Line201820192020
Operating result-€300,279--€259,186▲ 13.7%-€1.1m▼ 325%
Net result-€307,389--€445,469▼ 44.9%-€1.1m▼ 152%
Equity-€331,081--€464,050▼ 40.2%-€831,542▼ 79.2%
Total assets€1.7m-€1.3m▼ 27.3%€627,014▼ 50.4%
Debt€2.1m-€1.7m▼ 16.5%€1.4m▼ 16.3%
Working capital€140,892--€304,854-€966,947▼ 217%
Staff (FTE)5.3-2.8▼ 47.2%3▲ 7.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.1m in 2020 against €259,186 in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €627,014
Fixed assets
€244,791 ▼ 72.6%
Current assets
€382,224 ▲ 3.5%
Key figures and ratios
EBITDA
-€995,389▼
2019 · -€152,390
Cash flow
-€1.0m▼
2019 · -€338,673
Solvency
-132.6%▼
2019 · -36.7%
Current ratio
0.28▼
2019 · 0.55
ROA
-179.3%▼
2019 · -35.3%
Debt ≤ 1 year
€1.3m▲
2019 · €674,101
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €108,296 | €106,796 | €106,728 | ▼ 0.1% |
| Gross operating margin9900 | €281,339 | €144,600 | -€84,165 | ▼ 158% |
| Operating profit (loss)9901 | -€300,279 | -€259,186 | -€1.1m | ▼ 325% |
| Recurring financial income75 | €1,059 | €3 | €125 | ▲ 4,847% |
| Recurring financial charges65 | €8,182 | €186,286 | €22,000 | ▼ 88.2% |
| Profit (loss) for the period before taxes9903 | -€307,402 | -€445,469 | -€1.1m | ▼ 152% |
| Income taxes67/77 | -€13 | - | - | - |
| Profit (loss) for the period9904 | -€307,389 | -€445,469 | -€1.1m | ▼ 152% |
| Profit (loss) for the period to be appropriated9905 | -€307,389 | -€445,469 | -€1.1m | ▼ 152% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.7m | €1.3m | €627,014 | ▼ 50.4% |
| Fixed assets21/28 | €997,894 | €893,649 | €244,791 | ▼ 72.6% |
| Intangible fixed assets21 | €3,694 | €1,844 | €159 | ▼ 91.4% |
| Tangible fixed assets22/27 | €905,367 | €802,761 | €155,588 | ▼ 80.6% |
| Financial fixed assets28 | €88,833 | €89,044 | €89,044 | = |
| Current assets29/58 | €739,475 | €369,247 | €382,224 | ▲ 3.5% |
| Amounts receivable within one year40/41 | €590,933 | €246,724 | €245,424 | ▼ 0.5% |
| Cash at bank and in hand54/58 | €33,946 | €6,440 | €19,237 | ▲ 199% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.7m | €1.3m | €627,014 | ▼ 50.4% |
| Equity10/15 | -€331,081 | -€464,050 | -€831,542 | ▼ 79.2% |
| Contributions10/11 | €61,500 | €61,500 | €286,300 | ▲ 366% |
| Reserves13 | €6,150 | €6,150 | €6,150 | = |
| Profit (loss) carried forward14 | -€398,731 | -€531,700 | -€1.1m | ▼ 111% |
| Provisions and deferred taxes16 | - | - | €12,275 | - |
| Amounts payable17/49 | €2.1m | €1.7m | €1.4m | ▼ 16.3% |
| Amounts payable after more than one year17 | €1.4m | €947,071 | - | - |
| Amounts payable within one year42/48 | €598,583 | €674,101 | €1.3m | ▲ 100% |
| Trade debts44 | €490,486 | €593,766 | €1.2m | ▲ 110% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€307,389 | -€445,469 | -€1.1m | ▼ 152% |
| + Depreciation and write-downs630 | €108,296 | €106,796 | €106,728 | ▼ 0.1% |
| Operating cash flow (approximation) | -€199,093 | -€338,673 | -€1.0m | ▼ 200% |
| Investment in fixed assets (approximation) | - | -€2,551 | €542,131 | ▲ 21,352% |
| Change in cash | - | -€27,506 | €12,798 | ▲ 147% |
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
2021
22-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 13-07-2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
19-04
Judicial reorganisation
Opening
ondernemingsrechtbank Brussel · amicable agreement · event 31-03-2021
2020
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
23-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
31-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
13-06
NBB filing
Annual accounts filed
fiscal year 2011 · full 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, Brussel · 1 establishment unit since 2011
Ground area
1,962 m²
Building footprint
680 m²
Volume, LiDAR
17,020 m³
Parcel 21805E0296/00N000, Brussels · tallest building 29.6 m, ±8 floors. Linked by address, not a title deed.
35
companies at this address
See who is registered here
1 establishment unit
Copernico Belgium
since 20112.198.355.342
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0296/00N000 ProtectedMonumentNeoclassicistische huizen gelegen weerszijden van de Sint-Jozefkerk |
Brussels | 1,962 m² | 1 · 680 m² | 29.6 m · 8 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLOTTE PIERS GROENKRAAGLAAN 3,
1170 BRUSSEL 17 |
13-07-2021 → present |
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Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 999 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.