SO&KA
Open bankruptcyAre 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 Liège, Namur division
- Declared bankrupt
- 5 October 2023
- Supervising judge
- Dominique Niset
- Official Gazette
- 11-10-2023 (pdf) ↗search the document for 2023/137741
Deadlines
- Appeal or third-party opposition until
- passed on 26 October 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 4 November 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 14 November 2023Goods 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 5 October 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Laurent AdamRoute De Philippeville, 1, 5620 Florenneslaurent@avocat-adam.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
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 10-08-2022, 10 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 · 4 filingsDeviation from the deadline
2022
not filed
2021
10 d late
2020
31 d late
2019
32 d late
2018
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 19 days after the deadline; the sector median for financial year 2022 is 16 days after the deadline, and 56% 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?Process a list How is the Cafés and bars sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25,852▲ 64.9%
2020 · €15,676
Working capital
€33,927▲ 72.5%
2020 · €19,672
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€10,367--€11,142▼ 7.5%€16,171€26,153▲ 61.7%
Net result-€10,342--€11,176▼ 8.1%€15,676within the sector's middle half€25,852within the sector's middle half▲ 64.9%
Equity€8,208--€2,968€12,708within the sector's middle half€38,560within the sector's middle half▲ 203%
Total assets€45,024-€47,911▲ 6.4%€28,842below the sector's middle half▼ 39.8%€52,819within the sector's middle half▲ 83.1%
Debt€36,816-€50,879▲ 38.2%€16,134▼ 68.3%€14,259▼ 11.6%
Working capital-€4,290--€9,866▼ 130%€19,672within the sector's middle half€33,927within the sector's middle half▲ 72.5%
Solvency18.2%--6.2%▼ 24.4pp44.1%within the sector's middle half▲ 50.3pp73.0%above the sector's middle half▲ 28.9pp
Current ratio0.88-0.81▼ 0.085.83above the sector's middle half▲ 5.033.38above the sector's middle half▼ 2.45
Return on assets (ROA)-23.0%--23.3%▼ 0.4pp54.4%above the sector's middle half▲ 77.7pp48.9%above the sector's middle half▼ 5.4pp
Staff (FTE)0.3-0.2below the sector's middle half
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.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 62% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €52,819
Fixed assets
€4,632 ▼ 9.1%
Current assets
€48,186 ▲ 103%
Equity and liabilities €52,819
Equity
€38,560 ▲ 203%
Debt
€14,259 ▼ 11.6%
Debt's share of the balance-sheet total falls from 55.9% to 27.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,619▲
2020 · €16,637
Cash flow
€26,318▲
2020 · €16,142
Quick ratio
3.04▼
2020 · 3.98
Debt to equity
0.37▼
2020 · 0.93
ROE
67.0%▼
2020 · 123.4%
Interest coverage
108.64
Debt ≤ 1 year
€14,259▲
2020 · €4,071
Income taxes
€56
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,662 | €1,133 | €466 | €466 | = |
| Other operating charges640/8 | - | - | - | €1,864 | - |
| Gross operating margin9900 | €2,225 | -€4,985 | €22,782 | €28,483 | ▲ 25.0% |
| Operating profit (loss)9901 | -€10,367 | -€11,142 | €16,171 | €26,153 | ▲ 61.7% |
| Recurring financial income75 | €25 | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €245 | - |
| Recurring financial charges65 | - | €34 | €136 | €245 | ▲ 80.1% |
| Profit (loss) for the period before taxes9903 | -€10,342 | -€11,176 | €15,676 | €25,908 | ▲ 65.3% |
| Income taxes67/77 | - | - | - | €56 | - |
| Profit (loss) for the period9904 | -€10,342 | -€11,176 | €15,676 | €25,852 | ▲ 64.9% |
| Profit (loss) for the period to be appropriated9905 | -€10,342 | -€11,176 | €15,676 | €25,852 | ▲ 64.9% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €45,024 | €47,911 | €28,842 | €52,819 | ▲ 83.1% |
| Fixed assets21/28 | €12,498 | €6,898 | €5,098 | €4,632 | ▼ 9.1% |
| Tangible fixed assets22/27 | €10,218 | €4,618 | €2,818 | €2,352 | ▼ 16.5% |
| Furniture and vehicles24 | - | - | - | €150 | - |
| Other tangible fixed assets26 | - | - | - | €2,203 | - |
| Financial fixed assets28 | €2,280 | €2,280 | €2,280 | €2,280 | = |
| Current assets29/58 | €32,525 | €41,013 | €23,743 | €48,186 | ▲ 103% |
| Stocks and contracts in progress3 | €9,500 | €10,550 | €7,550 | €4,903 | ▼ 35.1% |
| Stocks30/36 | - | - | - | €4,903 | - |
| Amounts receivable within one year40/41 | €14,748 | €17,917 | €11,568 | €42,249 | ▲ 265% |
| Trade receivables40 | - | - | - | €11,482 | - |
| Other amounts receivable41 | - | - | - | €30,767 | - |
| Cash at bank and in hand54/58 | €8,277 | €12,050 | €4,272 | €1,034 | ▼ 75.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €45,024 | €47,911 | €28,842 | €52,819 | ▲ 83.1% |
| Equity10/15 | €8,208 | -€2,968 | €12,708 | €38,560 | ▲ 203% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | - | - | - | €1,855 | - |
| Non-distributable reserves130/1 | - | - | - | €1,855 | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | - |
| Profit (loss) carried forward14 | -€10,342 | -€21,518 | -€5,842 | €18,155 | ▲ 411% |
| Amounts payable17/49 | €36,816 | €50,879 | €16,134 | €14,259 | ▼ 11.6% |
| Amounts payable after more than one year17 | - | - | €11,868 | - | - |
| Amounts payable within one year42/48 | €36,816 | €50,879 | €4,071 | €14,259 | ▲ 250% |
| Trade debts44 | €17,461 | €1,389 | - | €7,562 | - |
| Suppliers440/4 | - | - | - | €7,562 | - |
| Taxes, remuneration and social security45 | - | - | - | €6,697 | - |
| Taxes450/3 | - | - | - | €6,697 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,342 | -€11,176 | €15,676 | €25,852 | ▲ 64.9% |
| + Depreciation and write-downs630 | €1,662 | €1,133 | €466 | €466 | = |
| Operating cash flow (approximation) | -€8,680 | -€10,044 | €16,142 | €26,318 | ▲ 63.0% |
| Investment in fixed assets (approximation) | - | €4,468 | €1,333 | €0 | ▼ 100% |
| Change in cash | - | €3,773 | -€7,778 | -€3,237 | ▲ 58.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
11-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 05-10-2023
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
31-12
Financial
Highest result since 2018net €25,852 ▲64.9%
Operating result €26,153, net result €25,852, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €15,676
Net result €15,676 after 2 loss-making years.
31-12
Financial
Liquidity times 7current ratio 5.83
Current ratio from 0.81 to 5.83; short-term debt falls from €50,879 to €4,071.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
31-12
Financial
Weakest financial yearnet -€11,176
Net result drops to -€11,176, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1 day late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Philippeville · 1 establishment unit since 2018
Ground area
135 m²
Building footprint
104 m²
Parcel 93056D0519/00B044, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Le botanique
since 20182.274.458.770
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93056D0519/00B044 | Wallonia | 135 m² | 1 · 104 m² | - |
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 | LAURENT ADAM Route De Philippeville, 1, 5620 Florennes |
05-10-2023 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 sitePhilippeville2.274.458.770
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Of 13,991 companies in this sector we hold annual accounts for 4,899. 4,109 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded27-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56111Full-service restaurants
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 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.