T.E.
Open bankruptcySummary
A bankruptcy procedure is open for T.E. according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (-€61,958) and a net result of €13,526.
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 Liège, Liège division
- Declared bankrupt
- 20 December 2024
- Supervising judge
- Frederic Bode
- Official Gazette
- 09-01-2025 (pdf) ↗search the document for 2025/100453
Deadlines
- File the claim in RegSol until
- passed on 19 January 2025art. XX.104 and XX.155 CEL
- Appeal or third-party opposition until
- passed on 24 January 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 6 February 2025Goods 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 20 December 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Nicolas BiessauxRue Louvrex 55, 4000 Liege 1n.biessaux@mosal.be
- Francois FrederickBoulevard De La Sauveniere 117, 4000 Liege 1francois.frederick@flhm-avocats.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
Three 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 30-08-2022, 30 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 confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
47 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 55 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
-€61,958▲ 17.9%
2020 · -€75,484
Total assets
€2,375▼ 62.3%
2020 · €6,300
Net result
€13,526▲ 1,340%
2020 · €940
Working capital
-€63,796▲ 17.7%
2020 · -€77,475
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€4,303-€9,389▲ 118%€7,036▼ 25.1%€14,236▲ 102%
Net result€5,250-€8,660▲ 65.0%€940within the sector's middle half▼ 89.2%€13,526within the sector's middle half▲ 1,340%
Equity-€85,086--€76,426▲ 10.2%-€75,484below the sector's middle half▲ 1.2%-€61,958below the sector's middle half▲ 17.9%
Total assets€16,025-€7,523▼ 53.1%€6,300below the sector's middle half▼ 16.3%€2,375below the sector's middle half▼ 62.3%
Debt€101,111-€83,949▼ 17.0%€81,784▼ 2.6%€64,333▼ 21.3%
Working capital-€88,102--€78,564▲ 10.8%-€77,475below the sector's middle half▲ 1.4%-€63,796below the sector's middle half▲ 17.7%
Solvency-531.0%-
Current ratio0.13-0.06▼ 0.060.05below the sector's middle half▼ 0.01
Return on assets (ROA)32.8%-115.1%▲ 82.4pp14.9%within the sector's middle half▼ 100.2pp
Staff (FTE)0.7-0.7=0.1below the sector's middle half▼ 85.7%
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 102% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2,375
Fixed assets
€1,838 ▼ 7.7%
Current assets
€537 ▼ 87.5%
Key figures and ratios
EBITDA
€14,381▲
2020 · €7,181
Cash flow
€13,671▲
2020 · €1,085
Interest coverage
20.49
Debt ≤ 1 year
€64,333▼
2020 · €81,784
Staff costs
€33
Ratios withheld: a balance sheet total of €2,375 is too small for a meaningful ratio.
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 |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €33 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,075 | €804 | €145 | €145 | = |
| Other operating charges640/8 | - | - | - | €454 | - |
| Gross operating margin9900 | €27,280 | €34,574 | €13,733 | €14,869 | ▲ 8.3% |
| Operating profit (loss)9901 | €4,303 | €9,389 | €7,036 | €14,236 | ▲ 102% |
| Financial charges65/66B | - | - | - | €710 | - |
| Recurring financial charges65 | -€1,061 | €686 | €989 | €702 | ▼ 29.0% |
| Non-recurring financial charges66B | - | - | - | €8 | - |
| Profit (loss) for the period before taxes9903 | €5,364 | €8,703 | €1,062 | €13,526 | ▲ 1,174% |
| Income taxes67/77 | €114 | €43 | €123 | - | - |
| Profit (loss) for the period9904 | €5,250 | €8,660 | €940 | €13,526 | ▲ 1,340% |
| Profit (loss) for the period to be appropriated9905 | €5,250 | €8,660 | €940 | €13,526 | ▲ 1,340% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €16,025 | €7,523 | €6,300 | €2,375 | ▼ 62.3% |
| Fixed assets21/28 | €3,016 | €2,138 | €1,992 | €1,838 | ▼ 7.7% |
| Tangible fixed assets22/27 | €1,975 | €1,171 | €1,025 | €871 | ▼ 15.0% |
| Other tangible fixed assets26 | - | - | - | €871 | - |
| Financial fixed assets28 | €1,041 | €967 | €967 | €967 | = |
| Current assets29/58 | €13,009 | €5,385 | €4,309 | €537 | ▼ 87.5% |
| Stocks and contracts in progress3 | €4,114 | €4,114 | €1,342 | - | - |
| Amounts receivable within one year40/41 | €43 | €251 | €2,473 | €537 | ▼ 78.3% |
| Other amounts receivable41 | - | - | - | €537 | - |
| Cash at bank and in hand54/58 | €8,852 | €1,020 | €199 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €16,025 | €7,523 | €6,300 | €2,375 | ▼ 62.3% |
| Equity10/15 | -€85,086 | -€76,426 | -€75,484 | -€61,958 | ▲ 17.9% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | - |
| Issued capital100 | - | - | - | €18,592 | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | - |
| Legal reserve130 | - | - | - | €1,859 | - |
| Profit (loss) carried forward14 | -€105,537 | -€96,877 | -€95,935 | -€82,409 | ▲ 14.1% |
| Amounts payable17/49 | €101,111 | €83,949 | €81,784 | €64,333 | ▼ 21.3% |
| Amounts payable within one year42/48 | €101,111 | €83,949 | €81,784 | €64,333 | ▼ 21.3% |
| Financial debts43 | - | - | - | €235 | - |
| Credit institutions430/8 | - | - | - | €235 | - |
| Trade debts44 | €7,592 | €5,146 | €13,205 | €8,448 | ▼ 36.0% |
| Suppliers440/4 | - | - | - | €8,448 | - |
| Taxes, remuneration and social security45 | - | - | - | €469 | - |
| Taxes450/3 | - | - | - | €469 | - |
| Other amounts payable47/48 | - | - | - | €55,181 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,250 | €8,660 | €940 | €13,526 | ▲ 1,340% |
| + Depreciation and write-downs630 | €1,075 | €804 | €145 | €145 | = |
| Operating cash flow (approximation) | €6,325 | €9,464 | €1,085 | €13,671 | ▲ 1,160% |
| Investment in fixed assets (approximation) | - | €74 | €1 | €8 | ▲ 546% |
| Change in cash | - | -€7,832 | -€821 | - | - |
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
2025
09-01
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 20-12-2024
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €13,526 ▲1,340%
Operating result €14,236, net result €13,526, both a record.
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
2020
31-12
Financial
Weakest financial yearnet €940 ▼89.2%
Net result drops to €940, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 26 days late
2014
30-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 30 days late
2013
31-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 31 days 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
3 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, Seraing · 1 establishment unit since 1992
Ground area
473 m²
Building footprint
145 m²
Volume, LiDAR
704 m³
2 parcels, Wallonia · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
IL MONTECASSINO
since 19922.029.063.222
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62302B0125/00G021 | Wallonia | 272 m² | 1 · 86 m² | - |
| 62352E0110/00W015 | Wallonia | 202 m² | 1 · 59 m² | 13.9 m · 4 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | NICOLAS BIESSAUX RUE LOUVREX 55, 4000 LIEGE 1- |
20-12-2024 → present |
| Curator | FRANCOIS FREDERICK BOULEVARD DE LA
SAUVENIERE 117, 4000 LIEGE 1 |
20-12-2024 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-07-1985
Fiscal year end31-12
Activities, NACEBEL 2025
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.