SOLVENTECH
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 30 June 2020 · trustees Tom Arts and Geert Reniers · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Antwerp, Tongeren division
- Supervising judge
- Patrick Poncelet
- Official Gazette
- 06-07-2020search the document for 2020/125122
Deadlines
- Provisional date payments stopped
- 30 June 2020A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 21 July 2020That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 30 July 2020art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 12 August 2020Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 30 June 2021A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustees
- Tom ArtsJaarbeurslaan 19, 3600 Genktom.arts@paqt.be
- Geert ReniersJaarbeurslaan 19, 3600 Genkgeert.reniers@paqt.be
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol. The trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 17-11-2015
- Legal form
- Private limited company (pre-2019)
- Activity
- General construction of residential buildings NACE 41001and 2 others
- Establishment units
- 2.250.604.688 3740 Bilzen, since 17-11-2015
- 2.250.604.787 since 17-11-2015
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2017
- Turnover
- €0
- Profit
- €17,648
- ▼ 66.4%
- Equity
- €71,195
- ▲ 33.0%
- Total assets
- €1.0m
- ▲ 316%
Filed on 06-02-2019
Financials
Financials · financial year 2017, micro format
2017 annual accounts filed 190 days after the deadline Filed on 6 February 2019, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2019-04900429.
Annual accounts 2017 filed on 06-02-2019 PDF all 2 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€0
2016 · €0
Total assets
€1.0m▲ 316%
2016 · €244,787
Net result
€17,648▼ 66.4%
2016 · €52,547
Working capital
€53,666▲ 155%
2016 · €21,049
Trend over the years
2016 to 2017, 2 financial years
The operating result for 2017 is 60% lower than in 2016.
Turnover€0
2017
Operating result€0.03m
2017
Net result€0.02m
2017
Total assets€1.0m
2017
Equity€0.07m
2017
Debt€0.9m
2017
Working capital€0.05m
2017
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20162017
Turnover€0-€0
Operating result€0.07m-€0.03m▼ 59.7%
Net result€0.05m-€0.02m▼ 66.4%
Equity€0.05m-€0.07m▲ 33.0%
Total assets€0.2m-€1.0m▲ 316%
Debt€0.2m-€0.9m▲ 395%
Working capital€0.02m-€0.05m▲ 155%
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €1.0m
Fixed assets
€17,530 ▼ 46.1%
Current assets
€1.0m ▲ 371%
Equity and liabilities €1.0m
Equity
€71,195 ▲ 33.0%
Debt
€946,989 ▲ 395%
Debt's share of the balance-sheet total rises from 78.1% to 93.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35,350▼
2016 · €83,087
Cash flow
€23,577▼
2016 · €62,626
Current ratio
1.06▼
2016 · 1.11
ROE
24.8%▼
2016 · 98.1%
ROA
1.7%▼
2016 · 21.5%
Debt ≤ 1 year
€946,989▲
2016 · €191,240
Income taxes
€21,104▼
2016 · €25,206
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2016 | 2017 | Change |
|---|---|---|---|
| Turnover70 | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,079 | €5,928 | ▼ 41.2% |
| Gross operating margin9900 | €115,446 | €104,158 | ▼ 9.8% |
| Operating profit (loss)9901 | €73,007 | €29,422 | ▼ 59.7% |
| Recurring financial income75 | €6,207 | €13,159 | ▲ 112% |
| Recurring financial charges65 | €1,461 | €3,828 | ▲ 162% |
| Profit (loss) for the period before taxes9903 | €77,753 | €38,753 | ▼ 50.2% |
| Income taxes67/77 | €25,206 | €21,104 | ▼ 16.3% |
| Profit (loss) for the period9904 | €52,547 | €17,648 | ▼ 66.4% |
| Profit (loss) for the period to be appropriated9905 | €52,547 | €17,648 | ▼ 66.4% |
| Line | 2016 | 2017 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €0.2m | €1.0m | ▲ 316% |
| Formation expenses20 | €0 | €0 | - |
| Fixed assets21/28 | €0.03m | €0.02m | ▼ 46.1% |
| Intangible fixed assets21 | €0 | €0 | - |
| Tangible fixed assets22/27 | €0.03m | €0.02m | ▼ 46.6% |
| Financial fixed assets28 | €350 | €350 | = |
| Current assets29/58 | €0.2m | €1.0m | ▲ 371% |
| Stocks and contracts in progress3 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.2m | €1.0m | ▲ 356% |
| Current investments50/53 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €0 | €0.03m | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €0.2m | €1.0m | ▲ 316% |
| Equity10/15 | €0.05m | €0.07m | ▲ 33.0% |
| Contributions10/11 | €0.03m | €0.03m | = |
| Reserves13 | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | €0.03m | €0.04m | ▲ 67.8% |
| Amounts payable17/49 | €0.2m | €0.9m | ▲ 395% |
| Amounts payable within one year42/48 | €0.2m | €0.9m | ▲ 395% |
| Trade debts44 | €0.1m | €0.9m | ▲ 653% |
| Line | 2016 | 2017 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €52,547 | €17,648 | ▼ 66.4% |
| + Depreciation and write-downs630 | €10,079 | €5,928 | ▼ 41.2% |
| Operating cash flow (approximation) | €62,626 | €23,577 | ▼ 62.4% |
| Investment in fixed assets (approximation) | - | €9,041 | - |
| Change in cash | - | €33,460 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Tom Arts Jaarbeurslaan 19, 3600 Genk |
30-06-2020 → present |
| Trustee | Geert Reniers Jaarbeurslaan 19, 3600 Genk |
30-06-2020 → present |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2022
09-06
Bankruptcy
Supervising judge replaced
Enterprise Court of Antwerp, Tongeren division · judgment of 31-05-2022
2020
06-07
Bankruptcy
Bankruptcy declared
Enterprise Court of Antwerp, Tongeren division · judgment of 30-06-2020
2019
06-02
micro format · 190 days late
2017
29-09
micro format · 60 days late
2015
19-11
2 publications in the Belgian Official Gazette, the last on 08-01-2020
SignalGazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2017
- Legal form
- Private limited company (pre-2019)
- Active since
- 17 November 2015
Register details
Identity
Name
SOLVENTECH in Dutch
Enterprise number
0642.954.404
Entity type
Legal entity
Registered office and establishments
Establishment units
Kieleberg 40, 3740 Bilzen since 17-11-2015 · unit number 2.250.604.68843211 General electrical installation work
Establishment unit since 17-11-2015 · unit number 2.250.604.78743211 General electrical installation work
Activities
NACEBEL 202541001
General construction of residential buildings main activity
28250
Manufacture of machinery and equipment not elsewhere classified
43222
Installation of electric heating, air conditioning, cooling and ventilation
Codes under NACEBEL 2008
41201
General construction of buildings main activity
28250
Manufacture of machinery and equipment not elsewhere classified
43222
Specialised construction activities
Invoicing and payment
VAT number
BE 0642.954.404
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
4,015 m²
Building footprint
955 m²
Building volume
4,514 m³
Tallest building: 10.1 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73006A0045/00S000 | Flanders | 2,434 m² | 1 · 955 m² | 10.1 m · 2 |
| 71304D1223/00R003 | Flanders | 1,581 m² | - | - |