TE - GROUP
Open bankruptcyA bankruptcy procedure is open for TE - GROUP according to publications in the Belgian State Gazette; curator: CATHéRINE LANNOY.
Summary
The 2020 annual accounts show equity of €715,499 and a net result of -€1.1m.
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, Antwerp division
- Declared bankrupt
- 1 March 2022
- Supervising judge
- Bart Van Zele
- Official Gazette
- 07-03-2022 (pdf) ↗search the document for 2022/107944
Deadlines
- Provisional date payments stopped
- 1 March 2022A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 22 March 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 31 March 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 29 April 2022Goods 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 1 March 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- CATHéRINE LannoyMechelsesteenweg 271/8.1, 2018 Antwerpen 1cl@metisadvocaten.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 31-12-2020 was due by 31-07-2021 and was filed on 13-09-2021, 44 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
not filed
2020
44 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 68 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 Wholesale of electrical household appliances and audio-video equipment sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, full schema
Turnover
€4.2m▼ 33.5%
2019 · €6.3m
EBIT margin
-24.1%▼ 13.6pp
2019 · -10.4%
Net result
-€1.1m▼ 49.4%
2019 · -€712,082
Working capital
€681,276▼ 60.0%
2019 · €1.7m
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
Line201820192020
Turnover€8.9m-€6.3m▼ 29.4%€4.2m▼ 33.5%
Operating result€271,452--€653,068-€1.0m▼ 53.5%
Net result€104,991--€712,082-€1.1mbelow the sector's middle half▼ 49.4%
EBIT margin3.1%--10.4%▼ 13.5pp-24.1%▼ 13.6pp
Equity€2.5m-€1.8m▼ 28.6%€715,499within the sector's middle half▼ 59.8%
Total assets€5.3m-€5.1m▼ 3.2%€3.1mwithin the sector's middle half▼ 39.2%
Debt€2.8m-€3.4m▲ 19.3%€2.4m▼ 28.3%
Working capital€2.5m-€1.7m▼ 32.6%€681,276within the sector's middle half▼ 60.0%
Solvency47.0%-34.7%▼ 12.3pp23.0%within the sector's middle half▼ 11.7pp
Current ratio2.03-1.54▼ 0.501.30within the sector's middle half▼ 0.24
Return on assets (ROA)2.0%--13.9%▼ 15.9pp-34.1%below the sector's middle half▼ 20.2pp
Staff (FTE)8.8-9.3▲ 5.7%9.4within the sector's middle half▲ 1.1%
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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.0m in 2020 against €653,068 in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €3.1m
Fixed assets
€157,588 ▼ 36.8%
Current assets
€3.0m ▼ 39.4%
Equity and liabilities €3.1m
Equity
€715,499 ▼ 59.8%
Debt
€2.4m ▼ 28.3%
Debt's share of the balance-sheet total rises from 65.3% to 77.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€999,934▼
2019 · -€644,722
Cash flow
-€1.1m▼
2019 · -€703,736
Quick ratio
0.30▼
2019 · 0.37
Debt to equity
0.15▲
2019 · 0.09
ROE
-148.7%▼
2019 · -40.0%
Interest coverage
-26.45▼
2019 · -14.84
Debt ≤ 1 year
€2.3m▼
2019 · €3.2m
Debt > 1 year
€104,495▼
2019 · €156,358
Income taxes
-€1,364▲
2019 · -€4,884
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €8.9m | €6.3m | €4.2m | ▼ 33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,571 | €8,346 | €2,766 | ▼ 66.9% |
| Operating profit (loss)9901 | €271,452 | -€653,068 | -€1.0m | ▼ 53.5% |
| Recurring financial income75 | €4,621 | €4,130 | - | - |
| Recurring financial charges65 | €176,147 | €68,027 | €62,294 | ▼ 8.4% |
| Debt charges650 | €66,937 | €43,455 | €37,798 | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | €99,925 | -€716,966 | -€1.1m | ▼ 48.5% |
| Income taxes67/77 | -€5,066 | -€4,884 | -€1,364 | ▲ 72.1% |
| Profit (loss) for the period9904 | €104,991 | -€712,082 | -€1.1m | ▼ 49.4% |
| Profit (loss) for the period to be appropriated9905 | €104,991 | -€712,082 | -€1.1m | ▼ 49.4% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5.3m | €5.1m | €3.1m | ▼ 39.2% |
| Fixed assets21/28 | €327,934 | €249,335 | €157,588 | ▼ 36.8% |
| Tangible fixed assets22/27 | €18,896 | €2,766 | - | - |
| Financial fixed assets28 | €309,038 | €246,568 | €157,588 | ▼ 36.1% |
| Current assets29/58 | €5.0m | €4.9m | €3.0m | ▼ 39.4% |
| Stocks and contracts in progress3 | €3.3m | €3.7m | €2.3m | ▼ 38.4% |
| Amounts receivable within one year40/41 | €1.6m | €1.1m | €638,866 | ▼ 44.2% |
| Cash at bank and in hand54/58 | €62,006 | €28,745 | €32,046 | ▲ 11.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5.3m | €5.1m | €3.1m | ▼ 39.2% |
| Equity10/15 | €2.5m | €1.8m | €715,499 | ▼ 59.8% |
| Contributions10/11 | €2.3m | €2.3m | €2.3m | = |
| Reserves13 | €171,211 | €171,211 | €171,211 | = |
| Profit (loss) carried forward14 | -€232,908 | -€712,082 | -€1.8m | ▼ 149% |
| Amounts payable17/49 | €2.8m | €3.4m | €2.4m | ▼ 28.3% |
| Amounts payable after more than one year17 | €361,270 | €156,358 | €104,495 | ▼ 33.2% |
| Amounts payable within one year42/48 | €2.4m | €3.2m | €2.3m | ▼ 28.3% |
| Trade debts44 | €388,558 | €503,604 | €195,972 | ▼ 61.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €104,991 | -€712,082 | -€1.1m | ▼ 49.4% |
| + Depreciation and write-downs630 | €24,571 | €8,346 | €2,766 | ▼ 66.9% |
| Operating cash flow (approximation) | €129,562 | -€703,736 | -€1.1m | ▼ 50.7% |
| Investment in fixed assets (approximation) | - | €70,254 | €88,980 | ▲ 26.7% |
| Change in cash | - | -€33,261 | €3,300 | ▲ 110% |
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
2022
07-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 01-03-2022
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 44 days late
2020
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 61 days late
2013
26-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 26 days late
2012
26-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Brasschaat · 1 establishment unit since 2004
Ground area
3,097 m²
Building footprint
1,162 m²
Volume, LiDAR
16,426 m³
Parcel 11008B0231/00G002, Flanders · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
TE-GROUP
since 20042.145.051.268
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008B0231/00G002 | Flanders | 3,097 m² | 1 · 1,162 m² | 17.6 m · 5 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CATHéRINE LANNOY MECHELSESTEENWEG 271/8.1,
2018 ANTWERPEN 1 |
01-03-2022 → present |
Recognitions · licences · registrations
Legal Entity Identifier
894500K5INPS1KEANL53
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Of 979 companies in sector 46431 we hold annual accounts for 706. 501 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
26510Manufacture of computer, electronic and optical products
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0871164423
Registered
12-06-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.