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TECHSYSTEM

In bankruptcy Limited partnershipfounded 2017KBO/BCE: BE 0682.625.028
TECHSYSTEM
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Overview

Information for creditors

Enterprise Court of Ghent, Kortrijk division · Official Gazette of 14-03-2022
Appeal or third-party opposition 29-03-2022Filing the claim in RegSol 07-04-2022First verification report 26-04-2022Late claim 08-03-2023

Trustee: Nicolaas Vinckier. 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.

Lifetime

2 annual accounts with figures on one time axis
peak €967,436 (2019)
€967,436▲ 280%
peak €42,486 (2018)
€14,078▼ 66.9%
peak €52,486 (2018)
€34,078▼ 35.1%
€1.0m▲ 21×
Documentsfilings and deeds
26-02-2020156 days before the deadline
2019financial year
Turnover from €254,707 to €967,436Gross margin from €213,306 to €738,012Result from €42,486 to €14,078Registered office moved to Roeselare 13-08Equity from €52,486 to €34,078Debts from €48,387 to €1.0m

Key points

from the 2019 annual accounts, the last ones filed

Turnover

€967,436 ▲ 280%
€255,0002018€967,0002019

Turnover rose in 2019 from €254,707 to €967,436.

Debts

€1.0m 97% of the balance sheet

Payment terms

402 days from customers
Customers
145 to 402

Customers pay 257 days later.

No score

Recent changes

Bankruptcy published Enterprise Court of Ghent, Kortrijk division · judgment of 08-03-2022 · Bankruptcy
Registered office moved to Roeselare New registered office: Ryffelaerestraat 29, 8800 Roeselare, Belgique · Previous registered office: rue Draily 22, B-6000 · General meeting of 31-07-2019 · Gazette deed
Incorporation 3 publications in the Belgian Official Gazette, the last on 13-08-2019 · published on 10-10-2017 · Gazette deed
First establishment Donkerstraat 14, Wervik
All 6 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 08-03-2022
Legal form
Limited partnership
Activity
Other building finishing workNACE 43350and 3 others
Establishment unit
2.268.522.2718940 Wervik, since 06-10-2017
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2019

€967,436▲ 280%
€14,078▼ 66.9%
€34,078▼ 35.1%
€1.1m▲ 957%
Filing
Filed on 26-02-2020
Financials

Insights on TECHSYSTEM

On 8 March 2022 the court declared TECHSYSTEM bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2019

full format, filed on 26-02-2020, 156 days before the deadline
€967,436
▲ 280%
€25,778
▼ 39.3%
-
-
3.2%
▼ 48.8 percentage points
1.03
▼ 1.05

Money flows

of every €100 of turnover, €1.46 remains as profit in 2019

Balance sheet

balance sheet total €1.1m on 31-12-2019
What the company ownsHow it is paid for

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20192018
Balance sheet: assets
20/58 1.1m100,873
28 0-
29/58 1.1m100,873
40/41 1.1m100,873
40 1.1m96,941
41 03,932
Balance sheet: equity and liabilities
10/49 1.1m100,873
10/15 34,07852,486
10/11 20,00010,000
100 20,00010,000
14 14,07842,486
17/49 1.0m48,387
42/48 1.0m48,387
44 1.0m47,895
440/4 1.0m47,895
45 15,744492
450/3 15,744492
Income statement
70 967,436254,707
9900 738,012213,306
60/61 229,42441,401
62 679,445170,821
640/8 32,789-
9901 25,77842,486
9903 25,77842,486
67/77 11,700-
9904 14,07842,486
9905 14,07842,486
Appropriation of the result
9906 14,07842,486
Document PDFPDF

Source: Annual accounts 2019 (PDF), filed on 26-02-2020.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2019 full format 26-02-2020 2020-05700423 PDF
31-12-2018 full format 12-02-2019 2019-05000153 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20192018
34,07852,486
2.7%16.7%
3.2%52.0%
1.032.08
30.300.92
41.3%80.9%
1.3%42.1%
402 days139 days
1617 days422 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on TECHSYSTEM

The operating result for 2019 is 39% lower than in 2018.

Debt's share of the balance-sheet total rises from 48.0% to 96.8%. Equity is lower and debt is higher.

Board & ownership

Curator

the curator has managed the company since 08-03-2022
Nicolaas Vinckier
Curator, Hoogleedsesteenweg 7, 8800 Roeselare
Also on 57 other cases

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€20,000
Source
2019 annual accounts

Office holders in the KBO →

Timeline

Timeline

6 events since 2017
2022
Bankruptcy published Enterprise Court of Ghent, Kortrijk division · judgment of 08-03-2022
2020
Annual accounts 2019 filed PDFfull format · 156 days before the deadline
2019
Registered office moved to RoeselareNew registered office: Ryffelaerestraat 29, 8800 Roeselare, Belgique · Previous registered office: rue Draily 22, B-6000 · General meeting of 31-07-20192 points ▸
  • General meeting, 31-07-2019
  • Registered-office move, Ryffelaerestraat 29, 8800 Roeselare, Belgique

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFfull format · 169 days before the deadline
2017
Incorporation PDF3 publications in the Belgian Official Gazette, the last on 13-08-2019 · published on 10-10-2017
First establishment Donkerstraat 14, Wervik

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

TECHSYSTEM was incorporated on 6 October 2017.1 The registered office was moved to Roeselare in 2019.2 On 8 March 2022 the company was declared bankrupt.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 13-08-2019
  3. 3Belgian Official Gazette, 14-03-2022

Company details

Identity

Enterprise number
0682.625.028
VAT number
BE 0682.625.028
Legal form
Limited partnership
Status
In bankruptcy, since 08-03-2022
Founded
06-10-2017
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
TECHSYSTEM in French
Entity type
Legal entity

Activities

NACEBEL 2025
43350 Other building finishing work main activity
43211 General electrical installation work
43212 Electrical installation work in industrial facilities
43240 Other construction installation
Codes under NACEBEL 2008
43390 Specialised construction activities main activity
43211 Specialised construction activities
43212 Specialised construction activities
43299 Specialised construction activities

Registered office and establishments

1 establishment
Establishment Since Unit number
Donkerstraat 14 8940 Wervik 06-10-2017 2.268.522.271

Buildings and parcels at the addresses

Ground area
350 m²
Buildings
141 m²
Volume, LiDAR
989 m³
Tallest building
9.3 m
Buildings to scale, each on its own parcel
74 m², 9.3 m 68 m², 8.5 m 74 m², 9.3 m 68 m², 8.5 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
36017A0311/00N010202 m² 1 · 68 m² 8.5 m · 2
33029C0323/00B002149 m² 1 · 74 m² 9.3 m · 3

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