Settle Projects
BankruptcyAre you a creditor?
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Ghent
- Opened
- 23 April 2025
- Track
- Reorganisation by collective agreement
- Docket number
- 20250008
- Moratorium until
- 16 July 2025 (passed; an extension would be in a later judgment)
- Creditors' vote
- 8 July 2025
- Delegated judge
- Paul Boels
- Official Gazette
- 28-04-2025 (pdf) ↗search the document for 2025/117709
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
- Staff
- 3.1 FTE
- Equity
- €436,662
- Profit
- €67,954
Signalsraises riskRegister: open bankruptcyIn judicial reorganisationneutralFiled after the deadlineShow the evidence
Signals
This company filed its last 3 accounts on average 27 days after the deadline; the sector median (NACE 70) for financial year 2023 is 7 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
- OpeningEnterprise Court of Ghent ·…
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2023, abbreviated format
2023 annual accounts filed late (29 days) Filed on 29 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00399431.
2021 to 2023, 3 financial years
The operating result falls in 2023; 2023 is 83% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2022 Net result +2,145% on 2021. The accounts now follow the abbreviated format, last year the micro format.
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €63,415 | €179,395 | ▲ 183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,079 | €6,955 | €16,598 | ▲ 139% |
| Other operating charges640/8 | - | €8,114 | €1,795 | ▼ 77.9% |
| Gross operating margin9900 | €21,520 | €522,737 | €274,267 | ▼ 47.5% |
| Operating profit (loss)9901 | €20,441 | €444,253 | €76,480 | ▼ 82.8% |
| Financial income75/76B | €662 | €9,622 | €14,682 | ▲ 52.6% |
| Recurring financial income75 | €662 | €9,622 | €14,682 | ▲ 52.6% |
| Financial charges65/66B | €7 | €1,392 | €815 | ▼ 41.4% |
| Recurring financial charges65 | €7 | €1,392 | €815 | ▼ 41.4% |
| Profit (loss) for the period before taxes9903 | €21,096 | €452,483 | €90,346 | ▼ 80.0% |
| Income taxes67/77 | €5,584 | €104,287 | €22,392 | ▼ 78.5% |
| Profit (loss) for the period9904 | €15,512 | €348,196 | €67,954 | ▼ 80.5% |
| Profit (loss) for the period to be appropriated9905 | €15,512 | €348,196 | €67,954 | ▼ 80.5% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.06m | €1.7m | €2.1m | ▲ 25.3% |
| Fixed assets21/28 | €0.001m | €0.08m | €0.1m | ▲ 22.6% |
| Tangible fixed assets22/27 | - | €0.08m | €0.1m | ▲ 16.0% |
| Plant, machinery and equipment23 | - | €0.008m | €0.03m | ▲ 300% |
| Furniture and vehicles24 | - | €0.007m | €0.005m | ▼ 22.3% |
| Other tangible fixed assets26 | - | €0.07m | €0.06m | ▼ 13.6% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.007m | ▲ 558% |
| Current assets29/58 | €0.06m | €1.6m | €2.0m | ▲ 25.4% |
| Stocks and contracts in progress3 | - | €0.3m | €0.5m | ▲ 48.3% |
| Stocks30/36 | - | €0.3m | €0.5m | ▲ 48.3% |
| Amounts receivable within one year40/41 | €0.06m | €1.3m | €1.6m | ▲ 19.8% |
| Trade receivables40 | €0.02m | €0.9m | €1.3m | ▲ 41.0% |
| Other amounts receivable41 | €0.04m | €0.4m | €0.3m | ▼ 26.3% |
| Cash at bank and in hand54/58 | €0.006m | €0.003m | €0.002m | ▼ 22.7% |
| Deferred charges and accrued income490/1 | €0.001m | €0.004m | €0.009m | ▲ 129% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.06m | €1.7m | €2.1m | ▲ 25.3% |
| Equity10/15 | €0.02m | €0.4m | €0.4m | ▲ 18.4% |
| Contributions10/11 | €0.005m | €0.005m | €0.005m | = |
| Reserves13 | - | €0.4m | €0.4m | ▲ 18.7% |
| Distributable reserves133 | - | €0.4m | €0.4m | ▲ 18.7% |
| Profit (loss) carried forward14 | €0.02m | €0 | - | - |
| Amounts payable17/49 | €0.04m | €1.3m | €1.7m | ▲ 27.2% |
| Amounts payable within one year42/48 | €0.04m | €1.3m | €1.7m | ▲ 27.2% |
| Trade debts44 | €0.03m | €1.2m | €1.2m | ▼ 2.0% |
| Suppliers440/4 | €0.03m | €1.2m | €1.2m | ▼ 2.0% |
| Advances received on contracts in progress46 | - | - | €0.3m | - |
| Taxes, remuneration and social security45 | €0.01m | €0.1m | €0.2m | ▲ 61.1% |
| Taxes450/3 | €0.01m | €0.1m | €0.1m | ▲ 40.3% |
| Remuneration and social security454/9 | - | €0.007m | €0.03m | ▲ 355% |
| Other amounts payable47/48 | €0.004m | €0 | €50 | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,512 | €348,196 | €67,954 | ▼ 80.5% |
| + Depreciation and write-downs630 | €1,079 | €6,955 | €16,598 | ▲ 139% |
| Operating cash flow (approximation) | €16,591 | €355,152 | €84,551 | ▼ 76.2% |
| Investment in fixed assets (approximation) | - | -€88,877 | -€35,298 | ▲ 60.3% |
| Change in cash | - | -€2,315 | -€732 | ▲ 68.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00399431 |
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00197892 |
| 31-12-2021 | micro format | 18-10-2022 | 2022-20465367 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 · 1 entry · €227 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
25-02
Gazette deed
Registered officeRegistered-office move1 fact ▸
- Registered-office move, Beukenpark 105 A, 9880 Aalter
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44001B0083/00P007 | Flanders | 1.3 ha | 1 · 1,046 m² | 1.2 m |
| 44502C0710/00L000 | Flanders | 2,511 m² | 1 · 150 m² | - |