THOVANEL
Open bankruptcyA bankruptcy procedure is open for THOVANEL according to publications in the Belgian State Gazette; curator: DAVID DEMOL.
Summary
The 2023 annual accounts show equity of €51,218 and a net result of -€40,333.
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 Hainaut, Mons division
- Declared bankrupt
- 10 February 2025
- Supervising judge
- Fabio Alno
- Official Gazette
- 18-02-2025 (pdf) ↗search the document for 2025/106852
Curator
- David DemolGrand Place 11, 7090 Braine-Le- Comte- . Date provisoire de cessation de paiement : 10/02/2025d.demol@avocat.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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. Full guide for creditors
Embed in an article
Writing about this bankruptcy? Put the card of THOVANEL in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-06-2024, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
40 d early
2022
287 d late
2021
652 d late
2020
951 d late
2019
1316 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 633 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 Are there other customers at risk in your own list?Debtor check How is the Non-specialised wholesale trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€40,333▼ 323%
2022 · -€9,533
Working capital
€51,218▼ 44.1%
2022 · €91,551
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€247-€8,041▼ 3,155%€16,776€14,018▼ 16.4%€11,533▼ 17.7%
Net result-€18,047-€21,476▼ 19.0%-€22,105▼ 2.9%-€9,533▲ 56.9%-€40,333▼ 323%
Equity€144,665▼ 11.1%€123,189▼ 14.8%€101,084▼ 17.9%€91,551▼ 9.4%€51,218▼ 44.1%
Total assets€320,325▲ 1.3%€301,302▼ 5.9%€314,802▲ 4.5%€308,590▼ 2.0%€218,736▼ 29.1%
Debt€175,660▲ 14.3%€178,113▲ 1.4%€213,718▲ 20.0%€217,039▲ 1.6%€167,518▼ 22.8%
Working capital€135,415▼ 7.5%€118,564▼ 12.4%€99,976▼ 15.7%€91,551▼ 8.4%€51,218▼ 44.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 18% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €218,736
Equity
€51,218 ▼ 44.1%
Debt
€167,518 ▼ 22.8%
Debt's share of the balance-sheet total rises from 70.3% to 76.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.31▼
2022 · 1.42
Debt to equity
3.27▲
2022 · 2.37
ROE
-78.7%▼
2022 · -10.4%
ROA
-18.4%▼
2022 · -3.1%
Debt ≤ 1 year
€167,518▼
2022 · €217,039
Income taxes
€36,283▲
2022 · €20,016
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,043 | €4,625 | €5,733 | €1,108 | - | - |
| Other operating charges640/8 | €1,556 | €3,185 | €1,180 | €1,002 | €4,018 | ▲ 301% |
| Gross operating margin9900 | €14,352 | -€231 | €23,689 | €16,128 | €15,551 | ▼ 3.6% |
| Operating profit (loss)9901 | -€247 | -€8,041 | €16,776 | €14,018 | €11,533 | ▼ 17.7% |
| Financial income75/76B | - | €2,500 | - | €2 | - | - |
| Recurring financial income75 | - | €2,500 | - | €2 | - | - |
| Financial charges65/66B | €4,593 | €4,125 | €6,673 | €3,537 | €15,583 | ▲ 341% |
| Recurring financial charges65 | €1,348 | €859 | €89 | €1,612 | €1,105 | ▼ 31.5% |
| Non-recurring financial charges66B | €3,245 | €3,266 | €6,584 | €1,925 | €14,478 | ▲ 652% |
| Profit (loss) for the period before taxes9903 | -€4,840 | -€9,666 | €10,103 | €10,483 | -€4,050 | ▼ 139% |
| Income taxes67/77 | €13,207 | €11,810 | €32,208 | €20,016 | €36,283 | ▲ 81.3% |
| Profit (loss) for the period9904 | -€18,047 | -€21,476 | -€22,105 | -€9,533 | -€40,333 | ▼ 323% |
| Profit (loss) for the period to be appropriated9905 | -€18,047 | -€21,476 | -€22,105 | -€9,533 | -€40,333 | ▼ 323% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €320,325 | €301,302 | €314,802 | €308,590 | €218,736 | ▼ 29.1% |
| Fixed assets21/28 | €9,250 | €4,625 | €1,108 | - | - | - |
| Tangible fixed assets22/27 | €9,250 | €4,625 | €1,108 | - | - | - |
| Furniture and vehicles24 | €9,250 | €4,625 | €1,108 | - | - | - |
| Current assets29/58 | €311,075 | €296,677 | €313,694 | €308,590 | €218,736 | ▼ 29.1% |
| Amounts receivable within one year40/41 | €311,075 | €296,577 | €313,690 | €308,174 | €217,863 | ▼ 29.3% |
| Trade receivables40 | €27,170 | €17,047 | €16,855 | €17,880 | €3,271 | ▼ 81.7% |
| Other amounts receivable41 | €283,905 | €279,530 | €296,835 | €290,294 | €214,592 | ▼ 26.1% |
| Cash at bank and in hand54/58 | - | - | €4 | €416 | €1 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | - | €100 | - | - | €872 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €320,325 | €301,302 | €314,802 | €308,590 | €218,736 | ▼ 29.1% |
| Equity10/15 | €144,665 | €123,189 | €101,084 | €91,551 | €51,218 | ▼ 44.1% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Capital10 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Uncalled capital101 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Reserves13 | €142,779 | €142,779 | €142,779 | €142,779 | €142,779 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €140,920 | €140,920 | €140,920 | €140,920 | €140,920 | = |
| Profit (loss) carried forward14 | -€4,311 | -€25,787 | -€47,892 | -€57,425 | -€97,758 | ▼ 70.2% |
| Amounts payable17/49 | €175,660 | €178,113 | €213,718 | €217,039 | €167,518 | ▼ 22.8% |
| Amounts payable within one year42/48 | €175,660 | €178,113 | €213,718 | €217,039 | €167,518 | ▼ 22.8% |
| Current portion of amounts payable after more than one year42 | €5,975 | - | - | - | - | - |
| Financial debts43 | €1,439 | €11 | - | - | - | - |
| Credit institutions430/8 | €1,439 | €11 | - | - | - | - |
| Trade debts44 | €75,320 | €59,265 | €54,286 | €55,848 | €5,168 | ▼ 90.7% |
| Suppliers440/4 | €75,320 | €59,265 | €54,286 | €55,848 | €5,168 | ▼ 90.7% |
| Advances received on contracts in progress46 | €16,032 | €30,962 | €45,424 | €51,049 | - | - |
| Taxes, remuneration and social security45 | €36,894 | €47,875 | €74,008 | €70,142 | €122,350 | ▲ 74.4% |
| Taxes450/3 | €36,894 | €47,875 | €74,008 | €70,142 | €122,350 | ▲ 74.4% |
| Other amounts payable47/48 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,047 | -€21,476 | -€22,105 | -€9,533 | -€40,333 | ▼ 323% |
| + Depreciation and write-downs630 | €13,043 | €4,625 | €5,733 | €1,108 | - | - |
| Operating cash flow (approximation) | -€5,004 | -€16,851 | -€16,372 | -€8,425 | -€40,333 | ▼ 379% |
| Investment in fixed assets (approximation) | - | €0 | -€2,216 | - | - | - |
| Change in cash | - | - | - | €412 | -€415 | ▼ 201% |
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
2025
18-02
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 10-02-2025
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
13-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 287 days late
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 652 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 951 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 1316 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1682 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2047 days late
2023
31-12
Financial
Weakest financial yearnet -€40,333
Net result drops to -€40,333, the lowest in the series.
2017
14-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 471 days late
2016
08-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 466 days late
2015
10-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 406 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Braine-le-Comte · 1 establishment unit since 1997
Ground area
1.0 ha
Building footprint
132 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue d'Omerie(K) 40, 7540 Tournai
since 19972.082.428.761
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55004H0461/00N003 | Wallonia | 6,997 m² | - | - |
| 57042C0031/00F003 | Wallonia | 3,142 m² | 1 · 132 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | DAVID DEMOL GRAND PLACE 11, 7090 BRAINE-LE-
COMTE- .
Date provisoire de cessation de paiement : 10/02/2025 |
10-02-2025 → present |
Similar companies · same sector, comparable size
Koji Enterprises
BE 0751.599.451
Antwerpen · Eq €51,225
EVIDENCE
BE 0867.689.150
Seraing · Eq €51,122
HAGENDOORN
BE 0841.424.817
Peer · Eq €51,105
ACSIS EUROPE
BE 0873.585.760
Temse · Eq €51,742
Group-Pi
BE 0739.655.484
Lommel · Eq €50,694
Of 1,567 companies in sector 46900 we hold annual accounts for 919. 513 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 (pre-2019)
Founded24-06-1997
Fiscal year end31-12
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.