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T. PALM - ELBO

Open bankruptcy
Public limited companyfounded 1990Oudenaardsesteenweg 281, 9420 Erpe-Mere, BelgiumKBO/BCE: BE 0441.674.751
Summary

A bankruptcy procedure is open for T. PALM - ELBO according to publications in the Belgian Official Gazette. The 2017 annual accounts show equity of €190,881 and a net result of -€673,683.

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T. PALM - ELBOOpen bankruptcy
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Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

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.

The procedure

Court
Enterprise Court of Ghent, Dendermonde division
Declared bankrupt
28 November 2018
Supervising judge
Rudy Debbaut
Official Gazette
04-12-2018 (pdf) ↗search the document for 2018/150966

Deadlines

Provisional date payments stopped
27 November 2018Payments and security you received since that day can in some cases be challenged by the trustee. A later judgment can change the date.art. XX.105, XX.111 and XX.112, Code of Economic Law
Appeal or third-party opposition until
passed on 19 December 2018Fifteen 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 28 December 2018art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 11 January 2019Reclaim 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 28 November 2019A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustees

  • Marga PietersAffligemdreef 144, 9300 Aalstmarga.pieters@telenet.be
  • Lieven D’HoogheVijfstraten 57, 9100 Sint-Niklaaslieven.dhooghe@truyensadvocaten.be

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

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

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Overview

Activity
General construction of residential buildings
NACE 41001
2 sites
Size
€12.5mturnover 2017
Staff
59.7 FTE
Equity
€190,881
Loss
-€673,683
Financial health
Open bankruptcy: no score
Structure
Parent
T. PALM MANAGEMENT · 99.99%
12 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcy2017 accounts filed 29 days lateShow the evidence

Signals

Two signals.
raises risk
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
raises risk · 2017 accounts filed 29 days late
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 29-08-2018, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2017
29 days late
2016
26 days early
2015
30 days early
2014
25 days early
2013
17 days early
2012
57 days early
2011
61 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 27 days before the deadline; the sector median (NACE 41) for financial year 2017 is 3 days before the deadline, and 43% 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. Supervising judge replacedEnterprise Court of Ghent, Dendermonde…
  2. OpeningEnterprise Court of Ghent, Dendermonde…
  3. Annual accounts filedfinancial year 2017 · full…

Key points

  • Risk: Declared bankrupttrustee: Marga Pieters 28-11-2018 View
  • Controlled by T. PALM MANAGEMENTultimately: IMMO 5.0 99.99% View
  • Caution: Equity fell in 2017from €864,564 to €190,881 ▼ 77.9% View

By topic

Financials

Financial year
2017
Turnover
€12.5m
Loss
-€673,683
Solvency
2.5%
Turnover▲ 9.6%
Net result
20132017
Go to Financials

Timeline

Events
34
Since
1992
  1. 05-07-2017Annual accounts filed
  2. 31-12-2016Weakest financial year
  3. 01-07-2016Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
General construction of residential buildingsNACE 41001
Founded
21-09-1990
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Key facts about T. PALM - ELBO

What is the company number of T. PALM - ELBO?
0441.674.751. In Belgium the VAT number is the company number with BE in front: BE 0441.674.751.
Where was T. PALM - ELBO based?
The last known address of the registered office is Oudenaardsesteenweg 281, 9420 Erpe-Mere.Company details
What does T. PALM - ELBO do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of T. PALM - ELBO?
Public limited company (NV).
When was T. PALM - ELBO founded?
On 21-09-1990.
Is T. PALM - ELBO still active?
A bankruptcy is running: a bankruptcy trustee manages the company.
How many employees did T. PALM - ELBO have?
On average 59.7 full-time equivalents in financial year 2017, according to the filed annual accounts.Financials
What is the turnover of T. PALM - ELBO?
€12.5m in financial year 2017, according to the filed annual accounts.
Is T. PALM - ELBO profitable?
In financial year 2017, T. PALM - ELBO made a loss of €673,683.
Where can I find the annual accounts of T. PALM - ELBO?
T. PALM - ELBO filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2017.

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Go further with this company

Who ran this company, and where was it based, on a given date before it ended?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?Process a list How is the general construction of residential buildings sector doing?Sector figures

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