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STARA PLANINA

Judicial reorganisation
Private limited companyfounded 2018active for 7 yearsGemeenteheide 64, 2440 Geel, BelgiumKBO/BCE: BE 0716.796.445
Summary

The file of STARA PLANINA contains 1 judicial reorganisation, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show equity of €72,998 and a net result of -€939. Equity is growing by about 5.2% per year across the filed financial years. Its solvency ranks better than 67% of 18,734 sector peers (NACE 56, financial year 2024).

Are you a creditor?

Judicial reorganisation Source: Belgian Official Gazette

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

The procedure

Court
Enterprise Court of Antwerp
Opened
22 October 2019
Track
Reorganisation by collective agreement
Docket number
20190016
Moratorium until
22 April 2020 (passed; an extension would be in a later judgment)
Creditors' vote
7 April 2020
Delegated judge
Jef Boiy
Official Gazette
28-10-2019 (pdf) ↗search the document for 2019/154215

What to do now

  1. Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
  2. Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
  3. The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
  4. What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
  5. The file is in RegSol, where you can read the documents of the procedure.

Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.

View the file in RegSol ↗ Follow Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.

General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Full-service restaurants
NACE 56111
1 site
Size
€147,627total assets 2024
Equity
€72,998
Loss
-€939
Turnover not published (micro format)
Financial health
24 Critical Checked score 2024
Reorganisation running: about 1 in 4 bankrupt within the year
Structure
Accounts 72 days overdue0 of 2 deeds read
Signalsraises riskIn judicial reorganisationneutralFiled after the deadlineShow the evidence

Checked score

Score 2024
24 / 100
Critical
Without a bankruptcy probability: score from the figures alone
An ongoing judicial reorganisation from the Belgian Official Gazette caps the score at 24. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 74-15
equity 49.4% of total assets
Liquidity 35-15
short-term debt 50.6% · cash 8.0%
Profitability 68+1
return on assets -0.6%
Bankruptcy probability, 12 months

Judicial reorganisation

About 1 in 4 comparable companies went bankrupt within the year

A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).

No credit on open account during an ongoing judicial reorganisation
Liquidity insufficient (current ratio 0.44, compared with 1.01 in 2023; short-term debt: 50.6% and cash: 8% of total assets), and 50.6% of the assets are financed with debt.

Signals

Two signals.
raises riskneutral
raises risk · In judicial reorganisation
Ongoing procedure under court protection (Book XX of the Code of Economic Law). The company is restructuring.
Belgian Official Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
61 days late
2023
34 days early
2022
28 days late
2021
31 days late
2020
31 days late
2019
55 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 29 days after the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Annual accounts filedfinancial year 2022 · micro…

Key points

  • Risk: In judicial reorganisationtrustee not known 22-10-2019 View
  • Risk: 3 loss-making years in a rowloss financial year 2024 -€939 View
  • Caution: Accounts not fileddeadline was 31-07-2026 72 days late View

By topic

Financials

Financial year
2024
Total assets
€147,627
Loss
-€939
Solvency
49.4%
Total assets▲ 28.3%
Net result
20192024
Go to Financials

Timeline

Events
9
Since
2019
  1. 31-12-2022Weakest financial year
  2. 31-08-2022Annual accounts filed
  3. 31-08-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Full-service restaurantsNACE 56111
Founded
21-12-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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