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SMART TUFT

Open bankruptcy
Public limited companyfounded 2020Drieskouter 5, 8573 Anzegem, BelgiumKBO/BCE: BE 0750.810.088

A bankruptcy procedure is open for SMART TUFT according to publications in the Belgian State Gazette; curator: Wim ARSLIJDER.

Summary

The 2022 annual accounts show equity of €6,309 and a net result of -€112,128.

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, Kortrijk division
Declared bankrupt
23 January 2024
Supervising judge
Pieter De Smet
Official Gazette
29-01-2024 (pdf) ↗search the document for 2024/103364

Deadlines

Provisional date payments stopped
23 January 2024A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 13 February 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 22 February 2024art. XX.104 and XX.155 CEL
First verification report
passed on 12 March 2024Goods 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 23 January 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Wim ArslijderKetsersstraat 8 Bus 2, 8793 Sint- Eloois-Vijvewa@advosolutions.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 16-10-2023, 77 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
77 d late
2021
30 d late
← 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 54 days after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SMART TUFT was incorporated on 17 July 2020 as a Public limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2022.2 On 23 January 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022
  3. 3Belgian State Gazette, 29-01-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, abbreviated schema

Equity
€6,309▼ 94.7%
2021 · €118,436
Total assets
€888,861▼ 14.0%
2021 · €1.0m
Net result
-€112,128
2021 · €15,936
Working capital
-€11,316
2021 · €118,733
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 13, Manufacture of textiles, 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
Line20212022
Operating result-€14,083--€130,412▼ 826%
Net result€15,936within the sector's middle half--€112,128below the sector's middle half
Equity€118,436below the sector's middle half-€6,309below the sector's middle half▼ 94.7%
Total assets€1.0mwithin the sector's middle half-€888,861within the sector's middle half▼ 14.0%
Debt€914,989-€882,553▼ 3.5%
Working capital€118,733--€11,316
Solvency11.5%below the sector's middle half-0.7%below the sector's middle half▼ 10.8pp
above within below the middle half (P25 to P75) of NACE 13, Manufacture of textiles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2021: -€14,083-€14,083Net result 2021: €15,936€15,936Operating result 2022: -€130,412-€130,412Net result 2022: -€112,128-€112,12820212022-€150,000-€100,000-€50,000€0Operating result 2021: -€14,083-€14,100Net result 2021: €15,936€15,900Operating result 2022: -€130,412-€130,000Net result 2022: -€112,128-€112,00020212022
The operating result stays negative: a loss of €130,412 in 2022 against €14,083 in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €888,861
Fixed assets €19,768 ▼ 16.0%
Current assets €869,093 ▼ 13.9%
Equity and liabilities €888,861
Equity €6,309 ▼ 94.7%
Debt €882,553 ▼ 3.5%
Debt's share of the balance-sheet total rises from 88.5% to 99.3%. Equity and debt are lower.
Key figures and ratios
2022 value · change against 2021
EBITDA
-€122,355▼
2021 · -€10,035
Cash flow
-€104,071▼
2021 · €19,985
Current ratio
0.99▼
2021 · 1.13
Quick ratio
0.47▼
2021 · 0.70
ROA
-12.6%▼
2021 · 1.5%
Interest coverage
-1.17▼
2021 · -0.19
Debt ≤ 1 year
€880,409▼
2021 · €891,167
Debt > 1 year
€1,919▼
2021 · €9,527
A ratio outside any meaningful range has been withheld (balance sheet total €888,861, equity €6,309).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 54 lines
Balance sheet Code20212022
Assets
Total assets20/58€1.0m€888,861▼
Fixed assets21/28€23,525€19,768▼
Intangible fixed assets21-€3,511
Tangible fixed assets22/27€23,525€16,258▼
Furniture and vehicles24€23,525€16,258▼
Current assets29/58€1.0m€869,093▼
Stocks and contracts in progress3€384,050€453,164▲
Stocks30/36€384,050€453,164▲
Amounts receivable within one year40/41€558,954€370,879▼
Trade receivables40€535,155€335,514▼
Other amounts receivable41€23,799€35,365▲
Cash at bank and in hand54/58€47,574€16,289▼
Deferred charges and accrued income490/1€19,322€28,761▲
Equity and liabilities
Total equity and liabilities10/49€1.0m€888,861▼
Equity10/15€118,436€6,309▼
Contributions10/11€102,500€102,500=
Capital10€102,500€102,500=
Issued capital100€102,500€102,500=
Reserves13€15,000€15,000=
Non-distributable reserves130/1€10,250€10,250=
Legal reserve130€10,250€10,250=
Distributable reserves133€4,750€4,750=
Profit (loss) carried forward14€936-€111,191▼
Amounts payable17/49€914,989€882,553▼
Amounts payable after more than one year17€9,527€1,919▼
Financial debts170/4€9,527€1,919▼
Amounts payable within one year42/48€891,167€880,409▼
Current portion of amounts payable after more than one year42€7,496€7,607▲
Financial debts43€264,618€132,640▼
Credit institutions430/8€264,618€132,640▼
Trade debts44€581,618€725,364▲
Suppliers440/4€581,618€725,364▲
Taxes, remuneration and social security45€37,436€14,798▼
Taxes450/3€37,436€14,798▼
Accrued charges and deferred income492/3€14,295€224▼
Income statement Code20212022
Non-recurring operating income76A€733-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,048€8,057▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3,695
Other operating charges640/8€1,255€460▼
Gross operating margin9900-€8,780-€118,200▼
Operating profit (loss)9901-€14,083-€130,412▼
Financial income75/76B€86,035€122,448▲
Recurring financial income75€86,035€122,448▲
Financial charges65/66B€52,848€104,164▲
Recurring financial charges65€52,848€104,164▲
Profit (loss) for the period before taxes9903€19,103-€112,128▼
Income taxes67/77€3,167-
Profit (loss) for the period9904€15,936-€112,128▼
Profit (loss) for the period to be appropriated9905€15,936-€112,128▼
Appropriation of the result
Profit (loss) to be appropriated9906€15,936-€111,191▼
Profit (loss) brought forward from the previous period14P-€936
Transfer to equity691/2€15,000-
To the legal reserve6920€10,250-
To other reserves6921€4,750-

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022Change
Non-recurring operating income76A€733--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,048€8,057▲ 99.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3,695-
Other operating charges640/8€1,255€460▼ 63.4%
Gross operating margin9900-€8,780-€118,200▼ 1,246%
Operating profit (loss)9901-€14,083-€130,412▼ 826%
Financial income75/76B€86,035€122,448▲ 42.3%
Recurring financial income75€86,035€122,448▲ 42.3%
Financial charges65/66B€52,848€104,164▲ 97.1%
Recurring financial charges65€52,848€104,164▲ 97.1%
Profit (loss) for the period before taxes9903€19,103-€112,128▼ 687%
Income taxes67/77€3,167--
Profit (loss) for the period9904€15,936-€112,128▼ 804%
Profit (loss) for the period to be appropriated9905€15,936-€112,128▼ 804%
Line20212022Change
Assets
Total assets20/58€1.0m€888,861▼ 14.0%
Fixed assets21/28€23,525€19,768▼ 16.0%
Intangible fixed assets21-€3,511-
Tangible fixed assets22/27€23,525€16,258▼ 30.9%
Furniture and vehicles24€23,525€16,258▼ 30.9%
Current assets29/58€1.0m€869,093▼ 13.9%
Stocks and contracts in progress3€384,050€453,164▲ 18.0%
Stocks30/36€384,050€453,164▲ 18.0%
Amounts receivable within one year40/41€558,954€370,879▼ 33.6%
Trade receivables40€535,155€335,514▼ 37.3%
Other amounts receivable41€23,799€35,365▲ 48.6%
Cash at bank and in hand54/58€47,574€16,289▼ 65.8%
Deferred charges and accrued income490/1€19,322€28,761▲ 48.8%
Equity and liabilities
Total equity and liabilities10/49€1.0m€888,861▼ 14.0%
Equity10/15€118,436€6,309▼ 94.7%
Contributions10/11€102,500€102,500=
Capital10€102,500€102,500=
Issued capital100€102,500€102,500=
Reserves13€15,000€15,000=
Non-distributable reserves130/1€10,250€10,250=
Legal reserve130€10,250€10,250=
Distributable reserves133€4,750€4,750=
Profit (loss) carried forward14€936-€111,191▼ 11,977%
Amounts payable17/49€914,989€882,553▼ 3.5%
Amounts payable after more than one year17€9,527€1,919▼ 79.9%
Financial debts170/4€9,527€1,919▼ 79.9%
Amounts payable within one year42/48€891,167€880,409▼ 1.2%
Current portion of amounts payable after more than one year42€7,496€7,607▲ 1.5%
Financial debts43€264,618€132,640▼ 49.9%
Credit institutions430/8€264,618€132,640▼ 49.9%
Trade debts44€581,618€725,364▲ 24.7%
Suppliers440/4€581,618€725,364▲ 24.7%
Taxes, remuneration and social security45€37,436€14,798▼ 60.5%
Taxes450/3€37,436€14,798▼ 60.5%
Accrued charges and deferred income492/3€14,295€224▼ 98.4%
Line20212022Change
Profit (loss) for the period9904€15,936-€112,128▼ 804%
+ Depreciation and write-downs630€4,048€8,057▲ 99.0%
Operating cash flow (approximation)€19,985-€104,071▼ 621%
Investment in fixed assets (approximation)--€4,300-
Change in cash--€31,284-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
29-01
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 23-01-2024
2023
16-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 77 days late
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
SignalNBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 act for this company is 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, Anzegem · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
1.8 ha
Building footprint
9,593 m²
Volume, LiDAR
55,727 m³
Parcel 34037B0603/00F002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
SMART TUFT
Drieskouter 5, 8573 AnzegemManufacture of textiles
since 20202.306.072.852
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34037B0603/00F002 Flanders 1.8 ha 1 · 9,593 m² 8.5 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 Wim ARSLIJDER
KETSERSSTRAAT 8 BUS 2, 8793 SINT- ELOOIS-VIJVE
23-01-2024 → present

Similar companies · same sector, comparable size

Of 118 companies in sector 13930 we hold annual accounts for 84. 13 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
Founded17-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
13930Manufacture of textiles
46473Wholesale trade
47530Retail trade
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.