STELO
Open bankruptcyA bankruptcy procedure is open for STELO according to publications in the Belgian State Gazette; curator: PHILIPPE BAILLON.
Summary
Inactive; last annual accounts for fiscal year 2020.
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, Dendermonde division
- Declared bankrupt
- 22 October 2021
- Supervising judge
- Harry Cornelis
- Official Gazette
- 28-10-2021 (pdf) ↗search the document for 2021/137593
Deadlines
- Provisional date payments stopped
- 21 October 2021Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 12 November 2021Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 21 November 2021art. XX.104 and XX.155 CEL
- First verification report
- passed on 3 December 2021Goods 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 22 October 2022Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Philippe BaillonNoordlaan 172, 9200 Dender- Mondebaillon.philippe@skynet.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
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 30-06-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-06-2021 close31-01-2022 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 10-03-2021, 38 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
38 d late
2019
334 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 186 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
-€165,886▼ 37.5%
2019 · -€120,614
Total assets
€171,460▼ 17.0%
2019 · €206,476
Net result
-€45,271
2019 · €29,490
Working capital
-€80,085▼ 37.9%
2019 · -€58,062
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
Line20192020
Operating result€46,029--€36,688
Net result€29,490--€45,271
Equity-€120,614--€165,886▼ 37.5%
Total assets€206,476-€171,460▼ 17.0%
Debt€327,090-€337,346▲ 3.1%
Working capital-€58,062--€80,085▼ 37.9%
Staff (FTE)1.6-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €36,688 after €46,029 in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €171,460
Fixed assets
€125,711 ▼ 15.6%
Current assets
€45,750 ▼ 20.5%
Key figures and ratios
EBITDA
-€19,347▼
2019 · €77,661
Cash flow
-€27,931▼
2019 · €61,122
Solvency
-96.7%▼
2019 · -58.4%
Current ratio
0.36▼
2019 · 0.50
Debt to equity
-1.28▲
2019 · -1.75
ROA
-26.4%▼
2019 · 14.3%
Debt ≤ 1 year
€125,835▲
2019 · €115,579
Debt > 1 year
€211,512=
2019 · €211,512
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,632 | €17,341 | ▼ 45.2% |
| Gross operating margin9900 | €129,281 | -€12,541 | ▼ 110% |
| Operating profit (loss)9901 | €46,029 | -€36,688 | ▼ 180% |
| Recurring financial income75 | €2,598 | - | - |
| Recurring financial charges65 | €19,137 | €8,584 | ▼ 55.1% |
| Profit (loss) for the period before taxes9903 | €29,490 | -€45,271 | ▼ 254% |
| Profit (loss) for the period9904 | €29,490 | -€45,271 | ▼ 254% |
| Profit (loss) for the period to be appropriated9905 | €29,490 | -€45,271 | ▼ 254% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €206,476 | €171,460 | ▼ 17.0% |
| Fixed assets21/28 | €148,959 | €125,711 | ▼ 15.6% |
| Tangible fixed assets22/27 | €148,959 | €125,711 | ▼ 15.6% |
| Current assets29/58 | €57,517 | €45,750 | ▼ 20.5% |
| Amounts receivable within one year40/41 | €27,953 | €44,032 | ▲ 57.5% |
| Cash at bank and in hand54/58 | €29,564 | €1,718 | ▼ 94.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €206,476 | €171,460 | ▼ 17.0% |
| Equity10/15 | -€120,614 | -€165,886 | ▼ 37.5% |
| Contributions10/11 | €71,500 | €71,500 | = |
| Reserves13 | €7,150 | €7,150 | = |
| Profit (loss) carried forward14 | -€199,264 | -€244,536 | ▼ 22.7% |
| Amounts payable17/49 | €327,090 | €337,346 | ▲ 3.1% |
| Amounts payable after more than one year17 | €211,512 | €211,512 | = |
| Amounts payable within one year42/48 | €115,579 | €125,835 | ▲ 8.9% |
| Trade debts44 | €6,026 | €15,526 | ▲ 158% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €29,490 | -€45,271 | ▼ 254% |
| + Depreciation and write-downs630 | €31,632 | €17,341 | ▼ 45.2% |
| Operating cash flow (approximation) | €61,122 | -€27,931 | ▼ 146% |
| Investment in fixed assets (approximation) | - | €5,908 | - |
| Change in cash | - | -€27,846 | - |
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
2021
28-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 22-10-2021
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 334 days late
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
23-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
17-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 17 days late
2013
27-02
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 27 days late
2012
27-02
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 27 days late
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PHILIPPE BAILLON NOORDLAAN 172, 9200 DENDER-
MONDE |
22-10-2021 → present |
Recognitions · licences · registrations
Dual-learning approval
1 endedHulpkok (so)