Tatsay
Open bankruptcySummary
A bankruptcy procedure is open for Tatsay according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (-€7,572) and a net result of -€12,337.
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 Antwerp, Hasselt division
- Declared bankrupt
- 19 December 2024
- Supervising judge
- Guy Vloeberghs
- Official Gazette
- 27-12-2024 (pdf) ↗search the document for 2024/151013
Deadlines
- Provisional date payments stopped
- 19 December 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 11 January 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 18 January 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 30 January 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 19 December 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Catherine NoelmansMoerenstraat 33, 3700 Tongerencatherine.noelmans@noelmansadv.be
- Cecile NoelmansMoerenstraat 33, 3700 Tongerencnoelmans@noelmansadv.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 31-12-2023 was due by 31-07-2024 and was filed on 28-10-2024, 89 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
89 d late
2022
302 d late
2021
123 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 171 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 Non-specialised wholesale sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
€13,169▼ 31.8%
2022 · €19,322
EBIT margin
-90.1%▼ 66.9pp
2022 · -23.2%
Net result
-€12,337▼ 131%
2022 · -€5,342
Working capital
-€10,880▼ 5,331%
2022 · -€200
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line202120222023
Turnover€0-€19,322€13,169▼ 31.8%
Operating result-€1,593--€4,483▼ 181%-€11,865▼ 165%
Net result-€1,593within the sector's middle half--€5,342below the sector's middle half▼ 235%-€12,337below the sector's middle half▼ 131%
EBIT margin-23.2%-90.1%▼ 66.9pp
Equity-€1,593below the sector's middle half-€3,065below the sector's middle half-€7,572below the sector's middle half
Total assets€33,285below the sector's middle half-€41,973below the sector's middle half▲ 26.1%€47,487below the sector's middle half▲ 13.1%
Debt€34,878-€38,909▲ 11.6%€55,059▲ 41.5%
Working capital-€32,688below the sector's middle half--€200within the sector's middle half▲ 99.4%-€10,880below the sector's middle half▼ 5,331%
Solvency-4.8%below the sector's middle half-7.3%within the sector's middle half▲ 12.1pp-15.9%below the sector's middle half▼ 23.2pp
Current ratio0.06below the sector's middle half-0.99within the sector's middle half▲ 0.920.61below the sector's middle half▼ 0.38
Return on assets (ROA)-4.8%below the sector's middle half--12.7%below the sector's middle half▼ 7.9pp-26.0%below the sector's middle half▼ 13.3pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 stays negative: a loss of €11,865 in 2023 against €4,483 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €47,487
Fixed assets
€30,484 ▲ 16.7%
Current assets
€17,003 ▲ 7.3%
Key figures and ratios
EBITDA
-€2,883▼
2022 · €1,837
Cash flow
-€3,355▼
2022 · €977
Debt to equity
-7.27▼
2022 · 12.70
Interest coverage
-7.09▼
2022 · 2.14
Debt ≤ 1 year
€27,883▲
2022 · €16,048
Debt > 1 year
€13,369▼
2022 · €22,861
Income taxes
€65
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Turnover70 | €0 | €19,322 | €13,169 | ▼ 31.8% |
| Goods, raw materials, services and sundry goods60/61 | €1,091 | €17,131 | €14,809 | ▼ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €502 | €6,319 | €8,982 | ▲ 42.1% |
| Other operating charges640/8 | - | €354 | €1,244 | ▲ 252% |
| Gross operating margin9900 | -€1,091 | €2,190 | -€1,640 | ▼ 175% |
| Operating profit (loss)9901 | -€1,593 | -€4,483 | -€11,865 | ▼ 165% |
| Financial charges65/66B | - | €860 | €407 | ▼ 52.7% |
| Recurring financial charges65 | - | €860 | €407 | ▼ 52.7% |
| Profit (loss) for the period before taxes9903 | -€1,593 | -€5,342 | -€12,272 | ▼ 130% |
| Transfer to deferred taxes680 | - | - | €0 | - |
| Income taxes67/77 | - | - | €65 | - |
| Profit (loss) for the period9904 | -€1,593 | -€5,342 | -€12,337 | ▼ 131% |
| Profit (loss) for the period to be appropriated9905 | -€1,593 | -€5,342 | -€12,337 | ▼ 131% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €33,285 | €41,973 | €47,487 | ▲ 13.1% |
| Fixed assets21/28 | €31,095 | €26,126 | €30,484 | ▲ 16.7% |
| Tangible fixed assets22/27 | €31,095 | €24,776 | €27,694 | ▲ 11.8% |
| Furniture and vehicles24 | €31,095 | €24,776 | €27,694 | ▲ 11.8% |
| Financial fixed assets28 | - | €1,350 | €2,790 | ▲ 107% |
| Current assets29/58 | €2,190 | €15,848 | €17,003 | ▲ 7.3% |
| Amounts receivable within one year40/41 | €200 | €8,506 | €15,969 | ▲ 87.7% |
| Trade receivables40 | - | €7,743 | €15,512 | ▲ 100% |
| Other amounts receivable41 | €200 | €763 | €456 | ▼ 40.2% |
| Cash at bank and in hand54/58 | €1,990 | €6,983 | €502 | ▼ 92.8% |
| Deferred charges and accrued income490/1 | - | €359 | €533 | ▲ 48.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €33,285 | €41,973 | €47,487 | ▲ 13.1% |
| Equity10/15 | -€1,593 | €3,065 | -€7,572 | ▼ 347% |
| Contributions10/11 | €0 | €10,000 | €11,700 | ▲ 17.0% |
| Profit (loss) carried forward14 | -€1,593 | -€6,935 | -€19,272 | ▼ 178% |
| Amounts payable17/49 | €34,878 | €38,909 | €55,059 | ▲ 41.5% |
| Amounts payable after more than one year17 | - | €22,861 | €13,369 | ▼ 41.5% |
| Financial debts170/4 | - | €22,861 | €13,369 | ▼ 41.5% |
| Amounts payable within one year42/48 | €34,878 | €16,048 | €27,883 | ▲ 73.7% |
| Current portion of amounts payable after more than one year42 | - | €8,622 | €13,368 | ▲ 55.0% |
| Trade debts44 | €31,597 | €475 | €4,083 | ▲ 760% |
| Suppliers440/4 | €31,597 | €475 | €4,083 | ▲ 760% |
| Taxes, remuneration and social security45 | - | - | €65 | - |
| Taxes450/3 | - | - | €65 | - |
| Other amounts payable47/48 | €3,281 | €6,951 | €10,367 | ▲ 49.1% |
| Accrued charges and deferred income492/3 | - | - | €13,808 | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,593 | -€5,342 | -€12,337 | ▼ 131% |
| + Depreciation and write-downs630 | €502 | €6,319 | €8,982 | ▲ 42.1% |
| Operating cash flow (approximation) | -€1,091 | €977 | -€3,355 | ▼ 443% |
| Investment in fixed assets (approximation) | - | -€1,350 | -€13,340 | ▼ 888% |
| Change in cash | - | €4,993 | -€6,481 | ▼ 230% |
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
2024
27-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 19-12-2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
28-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 302 days late
2023
31-12
Financial
Weakest financial yearnet -€12,337
Net result drops to -€12,337, the lowest in the series.
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 123 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Heusden-Zolder · 1 establishment unit since 2021
Ground area
1,264 m²
Building footprint
207 m²
Volume, LiDAR
1,676 m³
Parcel 71065F0199/00S000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Tatsay
since 20212.319.470.037
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F0199/00S000 | Flanders | 1,264 m² | 1 · 207 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 | CATHERINE NOELMANS MOERENSTRAAT 33,
3700 TONGEREN |
19-12-2024 → present |
| Curator | CECILE NOELMANS Moerenstraat 33, 3700 TONGEREN- |
19-12-2024 → present |
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Of 697 companies in sector 46392 we hold annual accounts for 485. 68 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46392Non-specialised wholesale
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.