THORGALAIN

Inactive

KBO/BCE: BE 0890.343.006

Inactive; last annual accounts for fiscal year 2023.

Watch Report

THORGALAINInactive

Report

Are you a creditor?

Judicial reorganisation Source: Belgian Official Gazette

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

The procedure

Court: Enterprise Court of Walloon Brabant
Opened: 13 February 2023
Track: Reorganisation by collective agreement
Docket number: 20230008
Moratorium until: 11 July 2023 (passed; an extension would be in a later judgment)
Creditors' vote: 19 June 2023
Delegated judge: Andre Houet
Official Gazette: 21-02-2023 (pdf) ↗search the document for 2023/106043

What to do now

Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
The file is in RegSol, where you can read the documents of the procedure.

Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.

View the file in RegSol ↗ Watch Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.

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

Activity

Activity not known

Size

€332,399total assets 2023

Staff: 3.9 FTE
Equity: -€185,678
Loss: -€53,917

Financial health

Inactive: no score

Structure

Largest shareholder: GILANCE · 20%

Accounts 766 d overdue0 of 4 deeds read

Signals- In judicial reorganisation- Two or more financial years not filedFiled after the deadlineShow the evidence

Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

In judicial reorganisation

Ongoing procedure under court protection (Book XX WER). The company is restructuring.

Belgian State Gazette

Two or more financial years not filed

Since the financial year that closed on 31-01-2024, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 10 filings

Position against the passed deadline

31-01-2024 close31-08-2024 deadline06-10-2026 today

Filed after the deadline

The financial year that closed on 31-01-2023 was due by 31-08-2023 and was filed on 05-09-2023, 5 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 filings

Deviation from the deadline

2026

not confirmed

2025

not filed

2024

not filed

2023

5 d late

2022

29 d late

2021

28 d late

2020

89 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 4 accounts on average 38 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

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

05-09-23 Annual accounts filedfiscal year 2023 · full…
21-02-23 OpeningTribunal de l’entreprise du Brabant…
31-01-23 Weakest financial yearnet -€53,917

Key points

Risk: In judicial reorganisationcreditors: see the procedure below 13-02-2023 View
Caution: Equity fell in 2023from -€131,761 to -€185,678 ▼ 40.9% View
Total assets 20235 fiscal years filed €332,399 View