Sidaplax
Open bankruptcyA bankruptcy procedure is open for Sidaplax according to publications in the Belgian State Gazette; curator: GEERT DEFREYNE.
Summary
The 2023 annual accounts show equity of €1.7m and a net result of -€3.8m.
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, Ghent division
- Declared bankrupt
- 11 February 2025
- Supervising judge
- Peter Broos
- Official Gazette
- 27-02-2025 (pdf) ↗search the document for 2025/108529
Deadlines
- Provisional date payments stopped
- 31 January 2025Payments 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
- File the claim in RegSol until
- passed on 13 March 2025art. XX.104 and XX.155 CEL
- Appeal or third-party opposition until
- passed on 14 March 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 18 March 2025Goods 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
- passed on 11 February 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Geert DefreyneKortrijksesteenweg 361, 9000 Gentgdf@defreyne-degryse.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○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2023 was due by 31-05-2024 and was filed on 30-05-2024, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
1 d early
2022
14 d early
2021
1 d early
2020
13 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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?Addresses Are there other customers at risk in your own list?List enrichment How is the Wholesale of industrial chemicals sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
€22.3m▼ 42.4%
2022 · €38.8m
EBIT margin
-15.7%▼ 13.2pp
2022 · -2.6%
Net result
-€3.8m▼ 208%
2022 · -€1.2m
Working capital
€903,199▼ 63.9%
2022 · €2.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20192020202120222023
Turnover€25.8m▼ 3.1%€38.9m▲ 50.7%€40.5m▲ 4.0%€38.8m▼ 4.2%€22.3m▼ 42.4%
Operating result€204,754▼ 74.4%€1.3m▲ 540%€1.8m▲ 36.7%-€990,308-€3.5m▼ 255%
Net result€100,700▼ 69.1%€953,591above the sector's middle half▲ 847%€1.2mabove the sector's middle half▲ 24.0%-€1.2mbelow the sector's middle half-€3.8mbelow the sector's middle half▼ 208%
EBIT margin0.8%▼ 2.2pp3.4%▲ 2.6pp4.4%▲ 1.1pp-2.6%▼ 7.0pp-15.7%▼ 13.2pp
Equity€4.6m▲ 2.3%€5.5mabove the sector's middle half▲ 20.9%€6.7mabove the sector's middle half▲ 21.4%€5.5mabove the sector's middle half▼ 18.3%€1.7mwithin the sector's middle half▼ 68.8%
Total assets€18.8m▲ 21.0%€18.4mabove the sector's middle half▼ 2.0%€17.8mabove the sector's middle half▼ 3.1%€13.7mabove the sector's middle half▼ 23.4%€10.5mwithin the sector's middle half▼ 23.0%
Debt€13.6m▲ 31.2%€12.3m▼ 9.3%€10.5m▼ 14.4%€7.7m▼ 26.8%€8.4m▲ 8.9%
Working capital€4.7m▼ 12.3%€4.9mabove the sector's middle half▲ 3.2%€5.0mabove the sector's middle half▲ 3.2%€2.5mwithin the sector's middle half▼ 50.4%€903,199within the sector's middle half▼ 63.9%
Solvency24.3%▼ 4.5pp30.0%within the sector's middle half▲ 5.7pp37.6%within the sector's middle half▲ 7.6pp40.1%within the sector's middle half▲ 2.5pp16.3%below the sector's middle half▼ 23.8pp
Current ratio1.54▼ 0.591.55within the sector's middle half▲ 0.011.61within the sector's middle half▲ 0.061.33within the sector's middle half▼ 0.281.13below the sector's middle half▼ 0.20
Return on assets (ROA)0.5%▼ 1.6pp5.2%within the sector's middle half▲ 4.6pp6.6%within the sector's middle half▲ 1.4pp-9.0%below the sector's middle half▼ 15.6pp-35.9%below the sector's middle half▼ 26.9pp
Staff (FTE)45.3▲ 8.9%51.6above the sector's middle half▲ 13.9%57.7above the sector's middle half▲ 11.8%58above the sector's middle half▲ 0.5%46.8above the sector's middle half▼ 19.3%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3.5m in 2023 against €990,308 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €10.5m
Fixed assets
€2.6m ▼ 26.8%
Current assets
€7.9m ▼ 21.7%
Equity and liabilities €10.5m
Equity
€1.7m ▼ 68.8%
Provisions
€411,866 ▼ 13.6%
Debt
€8.4m ▲ 8.9%
Debt's share of the balance-sheet total rises from 56.4% to 79.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2.4m▼
2022 · €113,141
Cash flow
-€2.7m▼
2022 · -€119,206
Quick ratio
0.76▲
2022 · 0.67
Debt to equity
4.91▲
2022 · 1.41
ROE
-220.5%▼
2022 · -22.3%
Interest coverage
-27.98▼
2022 · 40.82
Debt ≤ 1 year
€7.0m▼
2022 · €7.6m
Debt > 1 year
€1.4m▲
2022 · €82,711
Income taxes
€10,690▼
2022 · €48,341
Staff costs
€4.8m▼
2022 · €5.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €40.7m | €39.2m | €22.5m | ▼ 42.6% |
| Turnover70 | €25.8m | €38.9m | €40.5m | €38.8m | €22.3m | ▼ 42.4% |
| Other operating income74 | - | - | €207,440 | €418,654 | €201,925 | ▼ 51.8% |
| Non-recurring operating income76A | - | - | - | €34,529 | €163 | ▼ 99.5% |
| Operating charges60/66A | - | - | €38.9m | €40.2m | €26.0m | ▼ 35.2% |
| Goods for resale, raw materials and consumables60 | - | - | €25.8m | €27.4m | €16.7m | ▼ 39.3% |
| Purchases600/8 | - | - | €27.1m | €24.7m | €14.0m | ▼ 43.3% |
| Change in stocks: decrease (increase)609 | - | - | -€1.3m | €2.8m | €2.7m | ▼ 3.7% |
| Services and other goods61 | - | - | €6.1m | €5.8m | €3.8m | ▼ 34.3% |
| Remuneration, social security and pensions62 | - | - | €5.4m | €5.9m | €4.8m | ▼ 19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €368,783 | -€129,656 | -€261,033 | ▼ 101% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €12,909 | -€121,822 | -€65,005 | ▲ 46.6% |
| Other operating charges640/8 | - | - | €84,248 | €212,303 | €74,649 | ▼ 64.8% |
| Non-recurring operating charges66A | - | - | - | €1,589 | - | - |
| Operating profit (loss)9901 | €204,754 | €1.3m | €1.8m | -€990,308 | -€3.5m | ▼ 255% |
| Financial income75/76B | - | - | €957,941 | €551,853 | €270,517 | ▼ 51.0% |
| Recurring financial income75 | €463,434 | €739,006 | €957,941 | €551,853 | €270,517 | ▼ 51.0% |
| Other financial income752/9 | - | - | €957,941 | €551,853 | €270,517 | ▼ 51.0% |
| Financial charges65/66B | - | - | €1.1m | €735,859 | €512,515 | ▼ 30.4% |
| Recurring financial charges65 | €521,184 | €722,699 | €1.1m | €735,859 | €512,515 | ▼ 30.4% |
| Debt charges650 | €2,011 | €1,760 | €4,158 | €2,772 | €86,277 | ▲ 3,012% |
| Other financial charges652/9 | - | - | €1.1m | €733,087 | €426,238 | ▼ 41.9% |
| Profit (loss) for the period before taxes9903 | €147,004 | €1.3m | €1.6m | -€1.2m | -€3.8m | ▼ 220% |
| Income taxes67/77 | €46,304 | €373,824 | €450,500 | €48,341 | €10,690 | ▼ 77.9% |
| Taxes670/3 | - | - | €450,500 | €48,341 | €10,690 | ▼ 77.9% |
| Profit (loss) for the period9904 | €100,700 | €953,591 | €1.2m | -€1.2m | -€3.8m | ▼ 208% |
| Profit (loss) for the period to be appropriated9905 | €100,700 | €953,591 | €1.2m | -€1.2m | -€3.8m | ▼ 208% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18.8m | €18.4m | €17.8m | €13.7m | €10.5m | ▼ 23.0% |
| Fixed assets21/28 | €5.3m | €4.6m | €4.5m | €3.5m | €2.6m | ▼ 26.8% |
| Intangible fixed assets21 | €8,593 | €4,110 | - | - | - | - |
| Tangible fixed assets22/27 | €5.3m | €4.6m | €4.5m | €3.5m | €2.6m | ▼ 26.9% |
| Land and buildings22 | - | - | €652,556 | €554,392 | €512,928 | ▼ 7.5% |
| Plant, machinery and equipment23 | - | - | €3.7m | €2.8m | €2.0m | ▼ 29.5% |
| Furniture and vehicles24 | - | - | €55,925 | €40,120 | €26,057 | ▼ 35.1% |
| Leasing and similar rights25 | - | - | €64,227 | €104,001 | €44,550 | ▼ 57.2% |
| Financial fixed assets28 | €11,000 | €11,000 | €11,000 | €11,000 | €11,000 | = |
| Other financial fixed assets284/8 | - | - | €11,000 | €11,000 | €11,000 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €11,000 | €11,000 | €11,000 | = |
| Current assets29/58 | €13.5m | €13.8m | €13.3m | €10.1m | €7.9m | ▼ 21.7% |
| Stocks and contracts in progress3 | €4.6m | €6.9m | €7.8m | €5.0m | €2.6m | ▼ 48.1% |
| Stocks30/36 | - | - | €7.8m | €5.0m | €2.6m | ▼ 48.1% |
| Raw materials and consumables30/31 | - | - | €2.6m | €1.9m | €378,433 | ▼ 79.6% |
| Goods purchased for resale34 | - | - | €5.2m | €3.2m | €2.2m | ▼ 29.7% |
| Amounts receivable within one year40/41 | €5.8m | €4.3m | €3.9m | €2.9m | €2.0m | ▼ 32.1% |
| Trade receivables40 | - | - | €3.8m | €2.7m | €1.9m | ▼ 29.1% |
| Other amounts receivable41 | - | - | €148,188 | €190,018 | €48,686 | ▼ 74.4% |
| Cash at bank and in hand54/58 | €3.0m | €2.5m | €1.5m | €2.1m | €3.2m | ▲ 55.9% |
| Deferred charges and accrued income490/1 | - | - | €111,355 | €94,027 | €100,404 | ▲ 6.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18.8m | €18.4m | €17.8m | €13.7m | €10.5m | ▼ 23.0% |
| Equity10/15 | €4.6m | €5.5m | €6.7m | €5.5m | €1.7m | ▼ 68.8% |
| Contributions10/11 | €1.7m | - | €1.7m | €1.7m | €1.7m | = |
| Reserves13 | €133,728 | €133,728 | €133,728 | €133,728 | €133,728 | = |
| Non-distributable reserves130/1 | - | - | €133,728 | €133,728 | €133,728 | = |
| Reserves not available under the articles1311 | - | - | €86,763 | €86,763 | €86,763 | = |
| Other1319 | - | - | €46,965 | €46,965 | €46,965 | = |
| Profit (loss) carried forward14 | €2.8m | €3.7m | €4.9m | €3.7m | -€99,855 | ▼ 103% |
| Provisions and deferred taxes16 | €642,512 | €585,784 | €598,693 | €476,871 | €411,866 | ▼ 13.6% |
| Provisions for liabilities and charges160/5 | - | - | €598,693 | €476,871 | €411,866 | ▼ 13.6% |
| Pensions and similar obligations160 | - | - | €598,693 | €476,871 | €411,866 | ▼ 13.6% |
| Amounts payable17/49 | €13.6m | €12.3m | €10.5m | €7.7m | €8.4m | ▲ 8.9% |
| Amounts payable after more than one year17 | €4.8m | €3.4m | €2.2m | €82,711 | €1.4m | ▲ 1,556% |
| Financial debts170/4 | - | - | €49,866 | €82,711 | €1.4m | ▲ 1,556% |
| Subordinated loans170 | - | - | - | - | €1.3m | - |
| Leasing and similar obligations172 | - | - | €49,866 | €82,711 | €24,764 | ▼ 70.1% |
| Other amounts payable178/9 | - | - | €2.2m | - | - | - |
| Amounts payable within one year42/48 | €8.8m | €8.9m | €8.3m | €7.6m | €7.0m | ▼ 7.9% |
| Current portion of amounts payable after more than one year42 | - | - | €1.4m | €2.4m | €1.9m | ▼ 20.4% |
| Trade debts44 | €6.8m | €6.9m | €6.0m | €4.5m | €4.6m | ▲ 2.5% |
| Suppliers440/4 | - | - | €6.0m | €4.5m | €4.6m | ▲ 2.5% |
| Taxes, remuneration and social security45 | - | - | €848,005 | €745,884 | €514,136 | ▼ 31.1% |
| Taxes450/3 | - | - | €265,597 | €64,276 | €69,090 | ▲ 7.5% |
| Remuneration and social security454/9 | - | - | €582,408 | €681,608 | €445,046 | ▼ 34.7% |
| Accrued charges and deferred income492/3 | - | - | €6,995 | €4,454 | €2,878 | ▼ 35.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100,700 | €953,591 | €1.2m | -€1.2m | -€3.8m | ▼ 208% |
| + Depreciation and write-downs630 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.2% |
| Operating cash flow (approximation) | €1.2m | €2.0m | €2.3m | -€119,206 | -€2.7m | ▼ 2,137% |
| Investment in fixed assets (approximation) | - | -€444,697 | -€972,726 | -€140,738 | -€150,199 | ▼ 6.7% |
| Change in cash | - | -€508,308 | -€1.1m | €597,694 | €1.2m | ▲ 93.5% |
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
2025
27-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 11-02-2025
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-10
Financial
Weakest financial yearnet -€3.8m
Net result drops to -€3.8m, the lowest in the series.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-10
Financial
Highest result since 2018net €1.2m ▲24%
Operating result €1.8m, net result €1.2m, both a record.
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-10
Financial
Equity above €5mEq €5.5m ▲20.9%
3 profitable years in a row build equity to €5.5m.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
21-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 28 acts read
About the unread acts
We know of 28 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
28 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, Gent · 1 establishment unit since 1967
Ground area
2.9 ha
Building footprint
1,645 m²
Volume, LiDAR
11,985 m³
Parcel 44813B0120/00Z003, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Eddastraat 40, 9042 Gent
since 19672.038.867.249
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813B0120/00Z003 | Flanders | 2.9 ha | 1 · 1,645 m² | 9.2 m · 2 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 | GEERT DEFREYNE KORTRIJKSESTEENWEG 361,
9000 GENT |
11-02-2025 → present |
Recognitions · licences · registrations
Legal Entity Identifier
549300OLM5ROR3512H44
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Of 1,228 companies in sector 46851 we hold annual accounts for 528. 356 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded28-06-1957
Fiscal year end31-10
Activities, NACEBEL 2025
46851Wholesale of industrial chemicals
20110Manufacture of chemicals and chemical products
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.