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TER KORBEKE

Open bankruptcy
Public limited companyfounded 1994Oude Baan 106, 3360 Bierbeek, BelgiumKBO/BCE: BE 0453.953.367

A bankruptcy procedure is open for TER KORBEKE according to publications in the Belgian State Gazette. The 2019 annual accounts show equity of €306k and a net result of €585.

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Signals

Three signals.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2019, micro schema

Equity
€306k▲ 0.2%
2018 · €306k
2018: €306k
2018 → 2019
Total assets
€8.21M▲ 0.3%
2018 · €8.18M
2018: €8.18M
2018 → 2019
Net result
€585▼ 62.6%
2018 · €2k
2018: €2k
2018 → 2019
Working capital
€5.30M▼ 0.4%
2018 · €5.32M
2018: €5.32M
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20182019Trend
Equity€306k-€306k▲ 0.2%
Operating result€-24k-€-38k▼ 60.9%
Net result€2k-€585▼ 62.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-40k€-30k€-20k€-10k€0Operating result 2018: €-24k€-24kNet result 2018: €2k€2kOperating result 2019: €-38k€-38kNet result 2019: €585€58520182019
The operating result stays negative: a loss of €38k in 2019 against €24k in 2018; the loss grows.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €8.21M
Fixed assets €2.29M▼ 4.7%
Current assets €5.92M▲ 2.4%
Equity and liabilities €8.21M
Equity €306k▲ 0.2%
Debt €7.90M▲ 0.3%
The debt ratio stays at 96.3%.
Key figures and ratios
2019 value · change against 2018
EBITDA
€83k▼
2018 · €98k
Cash flow
€122k▼
2018 · €123k
Solvency
3.7%▼
2018 · 3.7%
Current ratio
9.57▼
2018 · 12.67
Quick ratio
9.57▼
2018 · 12.67
Debt / equity
22.15▼
2018 · 22.42
ROE
0.2%▼
2018 · 0.5%
ROA
0.0%▼
2018 · 0.0%
Debt
€7.90M▲
2018 · €7.88M
Debt ≤ 1 year
€618k▲
2018 · €456k
Debt > 1 year
€6.78M▼
2018 · €6.85M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2019 against 2018
Balance sheet Code20182019
Assets
Total assets20/58€8.18M€8.21M▲
Fixed assets21/28€2.41M€2.29M▼
Tangible fixed assets22/27€2.41M€2.29M▼
Current assets29/58€5.78M€5.92M▲
Amounts receivable within one year40/41€2.25M€2.17M▼
Cash at bank and in hand54/58€3.52M€3.75M▲
Equity and liabilities
Total equity and liabilities10/49€8.18M€8.21M▲
Equity10/15€306k€306k▲
Contributions10/11€62k€62k=
Reserves13€84k€80k▼
Profit (loss) carried forward14€43k€48k▲
Amounts payable17/49€7.88M€7.90M▲
Amounts payable after more than one year17€6.85M€6.78M▼
Amounts payable within one year42/48€456k€618k▲
Trade debts44€296k€512k▲
Income statement Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€122k€122k=
Gross operating margin9900€135k€110k▼
Operating profit (loss)9901€-24k€-38k▼
Recurring financial income75€51k€53k▲
Recurring financial charges65€22k€14k▼
Profit (loss) for the period before taxes9903€5k€585▼
Income taxes67/77€4k-
Profit (loss) for the period9904€2k€585▼
Profit (loss) for the period to be appropriated9905€6k€5k▼

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Timeline · acts, filings and financial milestones

2022
29-06
Bankruptcy Opening
Ondernemingsrechtbank Leuven · TER KORBEKE NV OUDE BAAN 106, 3360 BIERBEEK · event 23-06-2022
2021
18-02
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 202 days late
2019
14-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
27-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-10
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
2016
03-10
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 64 days late
2015
28-07
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
20-08
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 20 days late
2013
30-08
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
2012
09-07
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
04-08
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema · 4 days late
SignalNBB filing

Directors · office · real estate

Directors
5 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, Bierbeek
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Oude Baan 1063360 Bierbeek

Insolvency mandates

2 mandates
Role Name Tenure
Curator JAN DE RIECK
FONTEINSTRAAT 1A, 3000 LEUVEN-
 23-06-2022 → present
Curator STEVEN VERBEKE
OLV Broeders- straat 3, 3300 TIENEN
 23-06-2022 → present

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded02-12-1994
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filings

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

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