STACK CORPORATION
Open bankruptcyA bankruptcy procedure is open for STACK CORPORATION according to publications in the Belgian State Gazette; curator: CHRISTOPHE BAUDOUX.
Summary
The 2020 annual accounts show negative equity (-€17,063) and a net result of -€23,231.
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 Walloon Brabant
- Declared bankrupt
- 20 June 2022
- Supervising judge
- Michel Lequy
- Official Gazette
- 24-06-2022 (pdf) ↗search the document for 2022/124107
Curator
- Christophe BaudouxRue De Clairvaux 40, 1348 Louvain-La-Neuve- . 52805 Belgisch Staatsblad — 24.06.2022 — Moniteur Belgecb@dsv-law.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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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. Full guide for creditors
Signals
Two signals.
+raises risk
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?Address check Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
-€17,063
2019 · €6,168
Total assets
€441,518▲ 0.7%
2019 · €438,568
Net result
-€23,231▲ 70.0%
2019 · -€77,394
Working capital
€180,143▼ 11.2%
2019 · €202,878
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€9,760--€42,477-€1,214▲ 97.1%
Net result-€56,769--€77,394▼ 36.3%-€23,231▲ 70.0%
Equity€83,562-€6,168▼ 92.6%-€17,063
Total assets€576,157-€438,568▼ 23.9%€441,518▲ 0.7%
Debt€492,595-€432,400▼ 12.2%€458,581▲ 6.1%
Working capital€99,189-€202,878▲ 105%€180,143▼ 11.2%
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 €1,214 in 2020 against €42,477 in 2019; the loss shrinks.
Key figures and ratios
EBITDA
-€811▲
2019 · -€42,074
Cash flow
-€22,828▲
2019 · -€76,991
Solvency
-3.9%▼
2019 · 1.4%
Current ratio
1.69▼
2019 · 1.86
Debt to equity
-26.88▼
2019 · 70.10
ROA
-5.3%▲
2019 · -17.6%
Debt ≤ 1 year
€261,375▲
2019 · €235,287
Debt > 1 year
€197,113=
2019 · €197,113
Income taxes
€22,017▼
2019 · €33,823
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,133 | €403 | €403 | = |
| Other operating charges640/8 | - | €113,693 | €625 | ▼ 99.5% |
| Non-recurring operating charges66A | - | €19,496 | - | - |
| Gross operating margin9900 | €26,385 | €91,114 | -€186 | ▼ 100% |
| Operating profit (loss)9901 | €9,760 | -€42,477 | -€1,214 | ▲ 97.1% |
| Recurring financial income75 | €704 | - | - | - |
| Financial charges65/66B | - | €1,093 | - | - |
| Recurring financial charges65 | €1,070 | €1,093 | - | - |
| Profit (loss) for the period before taxes9903 | €9,395 | -€43,570 | -€1,214 | ▲ 97.2% |
| Income taxes67/77 | €66,164 | €33,823 | €22,017 | ▼ 34.9% |
| Profit (loss) for the period9904 | -€56,769 | -€77,394 | -€23,231 | ▲ 70.0% |
| Profit (loss) for the period to be appropriated9905 | -€56,769 | -€77,394 | -€23,231 | ▲ 70.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €576,157 | €438,568 | €441,518 | ▲ 0.7% |
| Fixed assets21/28 | €34,899 | €403 | - | - |
| Intangible fixed assets21 | €806 | €403 | - | - |
| Tangible fixed assets22/27 | €34,093 | - | - | - |
| Current assets29/58 | €541,258 | €438,165 | €441,518 | ▲ 0.8% |
| Amounts receivable within one year40/41 | €514,468 | €438,069 | €438,069 | = |
| Trade receivables40 | - | €380,703 | €380,703 | = |
| Other amounts receivable41 | - | €57,365 | €57,365 | = |
| Cash at bank and in hand54/58 | €26,546 | €3 | €3,449 | ▲ 105,063% |
| Deferred charges and accrued income490/1 | - | €93 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €576,157 | €438,568 | €441,518 | ▲ 0.7% |
| Equity10/15 | €83,562 | €6,168 | -€17,063 | ▼ 377% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €75,502 | -€1,892 | -€25,123 | ▼ 1,228% |
| Amounts payable17/49 | €492,595 | €432,400 | €458,581 | ▲ 6.1% |
| Amounts payable after more than one year17 | €43,855 | €197,113 | €197,113 | = |
| Other amounts payable178/9 | - | €197,113 | €197,113 | = |
| Amounts payable within one year42/48 | €442,070 | €235,287 | €261,375 | ▲ 11.1% |
| Trade debts44 | €353,036 | €164,770 | €164,770 | = |
| Suppliers440/4 | - | €164,770 | €164,770 | = |
| Taxes, remuneration and social security45 | - | €55,018 | €81,106 | ▲ 47.4% |
| Taxes450/3 | - | €55,018 | €81,106 | ▲ 47.4% |
| Other amounts payable47/48 | - | €15,500 | €15,500 | = |
| Accrued charges and deferred income492/3 | - | - | €93 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€56,769 | -€77,394 | -€23,231 | ▲ 70.0% |
| + Depreciation and write-downs630 | €13,133 | €403 | €403 | = |
| Operating cash flow (approximation) | -€43,636 | -€76,991 | -€22,828 | ▲ 70.3% |
| Investment in fixed assets (approximation) | - | €34,093 | - | - |
| Change in cash | - | -€26,542 | €3,446 | ▲ 113% |
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
2022
24-06
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 20-06-2022
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 320 days late
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 685 days late
2019
31-12
Financial
Weakest financial yearnet -€77,394
Net result drops to -€77,394, the lowest in the series.
08-10
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise du Brabant wallon · event 30-09-2019
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 413 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2015
28-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 150 days late
2014
11-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
28-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 28 days late
2012
28-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 59 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Rixensart · 1 establishment unit since 2010
Ground area
3,339 m²
Building footprint
1,723 m²
Volume, LiDAR
958 m³
2 parcels, Flanders, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
116
companies at this address
See who is registered here
1 establishment unit
Hebronlaan 142C, 1950 Kraainem
since 20102.193.403.788
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033B0525/00T002 | Wallonia | 2,544 m² | 1 · 1,570 m² | - |
| 22002B0036/00B005 | Flanders | 795 m² | 1 · 153 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | CHRISTOPHE BAUDOUX RUE DE CLAIRVAUX 40,
1348 LOUVAIN-LA-NEUVE- .
52805
BELGISCH STAATSBLAD — 24.06.2022 — MONITEUR BELGE |
20-06-2022 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-10-2010
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.