SEZ
Open bankruptcyA bankruptcy procedure is open for SEZ according to publications in the Belgian State Gazette; curator: TINEKE VAN WEYENBERG.
Summary
The 2025 annual accounts show negative equity (-€19,506) and a net result of -€20,655.
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 Ghent, Dendermonde division
- Declared bankrupt
- 13 April 2026
- Supervising judge
- Patrick Beeckmans
- Official Gazette
- 17-04-2026 (pdf) ↗search the document for 2026/116876
Deadlines
- Provisional date payments stopped
- 9 April 2026Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 2 May 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 13 May 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 22 May 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
- 13 April 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Tineke Van WeyenbergFranz Courtensstraat 2, 9200 Dendermondetineke.van.weyenberg@advocatenweb.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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€19,506
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
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 Limited-service restaurants, excluding mobile food services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€19,506
2024 · €1,149
Total assets
€24,246▼ 35.9%
2024 · €37,826
Net result
-€20,655▲ 67.1%
2024 · -€62,822
Working capital
-€18,866
2024 · €500
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
Line20212022202320242025
Operating result€29,434▲ 232%€18,180▼ 38.2%€10,575▼ 41.8%-€62,706-€20,472▲ 67.4%
Net result€20,774within the sector's middle half▲ 340%€9,114within the sector's middle half▼ 56.1%€6,532within the sector's middle half▼ 28.3%-€62,822below the sector's middle half-€20,655below the sector's middle half▲ 67.1%
Equity€48,324within the sector's middle half▲ 75.4%€57,438within the sector's middle half▲ 18.9%€63,971within the sector's middle half▲ 11.4%€1,149within the sector's middle half▼ 98.2%-€19,506below the sector's middle half
Total assets€119,437within the sector's middle half▲ 219%€102,722within the sector's middle half▼ 14.0%€94,916within the sector's middle half▼ 7.6%€37,826below the sector's middle half▼ 60.1%€24,246below the sector's middle half▼ 35.9%
Debt€71,113▲ 620%€45,283▼ 36.3%€30,945▼ 31.7%€36,677▲ 18.5%€43,752▲ 19.3%
Working capital€32,102within the sector's middle half▲ 25.6%€52,776above the sector's middle half▲ 64.4%€58,937above the sector's middle half▲ 11.7%€500within the sector's middle half▼ 99.2%-€18,866within the sector's middle half
Solvency40.5%within the sector's middle half▼ 33.1pp55.9%within the sector's middle half▲ 15.5pp67.4%above the sector's middle half▲ 11.5pp3.0%within the sector's middle half▼ 64.4pp-80.5%below the sector's middle half▼ 83.5pp
Current ratio1.76within the sector's middle half▼ 1.822.55above the sector's middle half▲ 0.793.50above the sector's middle half▲ 0.951.02within the sector's middle half▼ 2.480.48below the sector's middle half▼ 0.54
Return on assets (ROA)17.4%within the sector's middle half▲ 4.8pp8.9%within the sector's middle half▼ 8.5pp6.9%within the sector's middle half▼ 2.0pp-166.1%below the sector's middle half▼ 173.0pp-85.2%below the sector's middle half▲ 80.9pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20,472 in 2025 against €62,706 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24,246
Fixed assets
€6,699 ▼ 16.1%
Current assets
€17,547 ▼ 41.2%
Key figures and ratios
EBITDA
-€15,683▲
2024 · -€58,321
Cash flow
-€15,866▲
2024 · -€58,437
Quick ratio
0.42▼
2024 · 0.90
Debt to equity
-2.24▼
2024 · 31.92
Interest coverage
-85.75▲
2024 · -363.46
Debt ≤ 1 year
€36,413▲
2024 · €29,338
Debt > 1 year
€7,339=
2024 · €7,339
Staff costs
€17,538▼
2024 · €19,144
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,011 | - | - |
| Remuneration, social security and pensions62 | - | - | €6,964 | €19,144 | €17,538 | ▼ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,806 | €4,333 | €4,732 | €4,385 | €4,789 | ▲ 9.2% |
| Other operating charges640/8 | - | €5,468 | €5,523 | €797 | €1,822 | ▲ 128% |
| Non-recurring operating charges66A | - | €10,687 | - | - | - | - |
| Gross operating margin9900 | €51,899 | €38,668 | €27,795 | -€38,379 | €3,677 | ▲ 110% |
| Operating profit (loss)9901 | €29,434 | €18,180 | €10,575 | -€62,706 | -€20,472 | ▲ 67.4% |
| Financial income75/76B | - | - | - | €44 | - | - |
| Recurring financial income75 | €1 | - | - | €44 | - | - |
| Financial charges65/66B | - | €3,487 | €1,040 | €160 | €183 | ▲ 14.0% |
| Recurring financial charges65 | €4,889 | €3,487 | €1,040 | €160 | €183 | ▲ 14.0% |
| Profit (loss) for the period before taxes9903 | €24,546 | €14,693 | €9,534 | -€62,822 | -€20,655 | ▲ 67.1% |
| Income taxes67/77 | €3,772 | €5,578 | €3,002 | - | - | - |
| Profit (loss) for the period9904 | €20,774 | €9,114 | €6,532 | -€62,822 | -€20,655 | ▲ 67.1% |
| Profit (loss) for the period to be appropriated9905 | €20,774 | €9,114 | €6,532 | -€62,822 | -€20,655 | ▲ 67.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119,437 | €102,722 | €94,916 | €37,826 | €24,246 | ▼ 35.9% |
| Fixed assets21/28 | €45,305 | €15,916 | €12,373 | €7,988 | €6,699 | ▼ 16.1% |
| Tangible fixed assets22/27 | €45,305 | €15,916 | €12,323 | €7,938 | €6,649 | ▼ 16.2% |
| Furniture and vehicles24 | - | €1,217 | €1,501 | €992 | €3,579 | ▲ 261% |
| Leasing and similar rights25 | - | €14,699 | €10,822 | €6,946 | €3,069 | ▼ 55.8% |
| Financial fixed assets28 | - | - | €50 | €50 | €50 | = |
| Current assets29/58 | €74,131 | €86,806 | €82,543 | €29,838 | €17,547 | ▼ 41.2% |
| Stocks and contracts in progress3 | €3,217 | €3,117 | €3,367 | €3,367 | €2,332 | ▼ 30.7% |
| Stocks30/36 | - | €3,117 | €3,367 | €3,367 | €2,332 | ▼ 30.7% |
| Amounts receivable within one year40/41 | €58,835 | €65,282 | €63,106 | €9,292 | €12,215 | ▲ 31.4% |
| Trade receivables40 | - | €18,174 | €23,700 | €2,500 | €2,500 | = |
| Other amounts receivable41 | - | €47,108 | €39,406 | €6,792 | €9,715 | ▲ 43.0% |
| Cash at bank and in hand54/58 | €12,080 | €12,678 | €10,340 | €11,449 | €3,001 | ▼ 73.8% |
| Deferred charges and accrued income490/1 | - | €5,730 | €5,730 | €5,730 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119,437 | €102,722 | €94,916 | €37,826 | €24,246 | ▼ 35.9% |
| Equity10/15 | €48,324 | €57,438 | €63,971 | €1,149 | -€19,506 | ▼ 1,797% |
| Contributions10/11 | €13,420 | €13,420 | €13,420 | €13,420 | €13,420 | = |
| Capital10 | - | €13,420 | €13,420 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €5,180 | €5,180 | - | - | - |
| Reserves13 | €34,904 | €44,018 | €50,551 | €50,551 | €50,551 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Other1319 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €42,158 | €48,691 | €48,691 | €48,691 | = |
| Profit (loss) carried forward14 | - | - | - | -€62,822 | -€83,477 | ▼ 32.9% |
| Amounts payable17/49 | €71,113 | €45,283 | €30,945 | €36,677 | €43,752 | ▲ 19.3% |
| Amounts payable after more than one year17 | €29,083 | €11,254 | €7,339 | €7,339 | €7,339 | = |
| Financial debts170/4 | - | €11,254 | €7,339 | €7,339 | €7,339 | = |
| Amounts payable within one year42/48 | €42,029 | €34,030 | €23,606 | €29,338 | €36,413 | ▲ 24.1% |
| Current portion of amounts payable after more than one year42 | - | €3,679 | €3,869 | €3,869 | €3,869 | = |
| Trade debts44 | €21,834 | €16,937 | €2,596 | €7,629 | €22,732 | ▲ 198% |
| Suppliers440/4 | - | €16,937 | €2,596 | €7,629 | €22,732 | ▲ 198% |
| Taxes, remuneration and social security45 | - | €13,414 | €17,142 | €17,142 | €9,113 | ▼ 46.8% |
| Taxes450/3 | - | €12,014 | €16,313 | €16,313 | €8,284 | ▼ 49.2% |
| Remuneration and social security454/9 | - | €1,400 | €829 | €829 | €829 | = |
| Other amounts payable47/48 | - | - | - | €699 | €699 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,774 | €9,114 | €6,532 | -€62,822 | -€20,655 | ▲ 67.1% |
| + Depreciation and write-downs630 | €17,806 | €4,333 | €4,732 | €4,385 | €4,789 | ▲ 9.2% |
| Operating cash flow (approximation) | €38,579 | €13,447 | €11,265 | -€58,437 | -€15,866 | ▲ 72.8% |
| Investment in fixed assets (approximation) | - | €25,057 | -€1,190 | €0 | -€3,500 | - |
| Change in cash | - | €598 | -€2,338 | €1,109 | -€8,448 | ▼ 862% |
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
Next filing, fiscal year 2026, expected by
2026
17-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 13-04-2026
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 158 days late
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 523 days late
2024
31-03
Financial
Weakest financial yearnet -€62,822
Net result drops to -€62,822, the lowest in the series.
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 157 days late
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
31-03
Financial
Highest result since 2019net €20,774 ▲340%
Operating result €29,434, net result €20,774, both a record.
2020
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2019
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 127 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Denderleeuw · 1 establishment unit since 2016
Ground area
264 m²
Building footprint
114 m²
Volume, LiDAR
908 m³
Parcel 41011A1106/00N005, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SEZ
since 20162.253.604.463
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41011A1106/00N005 | Flanders | 264 m² | 1 · 114 m² | 11.2 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TINEKE VAN WEYENBERG FRANZ
COURTENSSTRAAT 2, 9200 DENDERMONDE- |
13-04-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteDenderleeuw2.253.604.463
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. 2,016 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)
Founded07-06-2016
Fiscal year end31-03
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.