TOMALGAE
Open bankruptcyA bankruptcy procedure is open for TOMALGAE according to publications in the Belgian State Gazette; curator: GEERT DEFREYNE.
Summary
The 2022 annual accounts show equity of €279,034 and a net result of -€115,716.
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 Ghent, Ghent division
- Declared bankrupt
- 1 April 2025
- Supervising judge
- Dirk Van Schil
- Official Gazette
- 07-04-2025 (pdf) ↗search the document for 2025/114572
Curator
- Geert DefreyneKortrijksesteenweg 361, 9000 Gentgdf@defreyne-degryse.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
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 31-12-2022 was due by 31-07-2023 and was filed on 05-07-2023, 26 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2022
26 d early
2021
30 d early
2020
24 d early
2019
225 d late
2018
591 d late
2017
108 d early
2016
72 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 79 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were 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?Address check Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€279,034▼ 29.3%
2021 · €394,751
Total assets
€431,040▼ 11.5%
2021 · €487,153
Net result
-€115,716
2021 · €147,642
Working capital
€129,101▼ 31.9%
2021 · €189,563
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
Line20182019202020212022
Operating result-€1.1m--€800,020▲ 26.0%-€438,001▲ 45.3%€149,310-€112,110
Net result-€1.1m--€801,274▲ 26.1%-€439,767▲ 45.1%€147,642-€115,716
Equity-€817,086--€1.6m▼ 98.1%€247,109€394,751▲ 59.7%€279,034▼ 29.3%
Total assets€874,321-€657,402▼ 24.8%€281,243▼ 57.2%€487,153▲ 73.2%€431,040▼ 11.5%
Debt€1.7m-€2.3m▲ 34.5%€34,135▼ 98.5%€92,402▲ 171%€152,005▲ 64.5%
Working capital-€1.2m--€1.9m▼ 56.4%€1,839€189,563▲ 10,211%€129,101▼ 31.9%
Staff (FTE)7.8-5.2▼ 33.3%1.6▼ 69.2%1.7▲ 6.3%2.3▲ 35.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €112,110 after €149,310 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €431,040
Fixed assets
€149,934 ▼ 26.9%
Current assets
€281,106 ▼ 0.3%
Equity and liabilities €431,040
Equity
€279,034 ▼ 29.3%
Debt
€152,005 ▲ 64.5%
Debt's share of the balance-sheet total rises from 19.0% to 35.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€42,989▼
2021 · €203,416
Cash flow
-€46,595▼
2021 · €201,749
Current ratio
1.85▼
2021 · 3.05
Quick ratio
1.00▼
2021 · 3.05
Debt to equity
0.54
ROE
-41.5%▼
2021 · 37.4%
ROA
-26.8%▼
2021 · 30.3%
Interest coverage
-11.92
Debt ≤ 1 year
€152,005▲
2021 · €92,402
Staff costs
€220,112
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €220,112 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €155,869 | €111,974 | €75,660 | €54,107 | €69,121 | ▲ 27.8% |
| Other operating charges640/8 | - | - | - | - | €1,504 | - |
| Gross operating margin9900 | €154,759 | -€554,594 | -€117,460 | €295,465 | €178,627 | ▼ 39.5% |
| Operating profit (loss)9901 | -€1.1m | -€800,020 | -€438,001 | €149,310 | -€112,110 | ▼ 175% |
| Recurring financial income75 | €2,042 | €391 | €57 | €172 | - | - |
| Financial charges65/66B | - | - | - | - | €3,606 | - |
| Recurring financial charges65 | €3,651 | €1,395 | €1,177 | €1,839 | €3,606 | ▲ 96.1% |
| Profit (loss) for the period before taxes9903 | -€1.1m | -€801,024 | -€439,121 | €147,642 | -€115,716 | ▼ 178% |
| Income taxes67/77 | €733 | €250 | €646 | - | - | - |
| Profit (loss) for the period9904 | -€1.1m | -€801,274 | -€439,767 | €147,642 | -€115,716 | ▼ 178% |
| Profit (loss) for the period to be appropriated9905 | -€1.1m | -€801,274 | -€439,767 | €147,642 | -€115,716 | ▼ 178% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €874,321 | €657,402 | €281,243 | €487,153 | €431,040 | ▼ 11.5% |
| Fixed assets21/28 | €429,034 | €320,930 | €245,270 | €205,188 | €149,934 | ▼ 26.9% |
| Tangible fixed assets22/27 | €429,034 | €320,930 | €245,270 | €205,188 | €149,934 | ▼ 26.9% |
| Plant, machinery and equipment23 | - | - | - | - | €149,469 | - |
| Furniture and vehicles24 | - | - | - | - | €464 | - |
| Current assets29/58 | €445,287 | €336,472 | €35,973 | €281,965 | €281,106 | ▼ 0.3% |
| Stocks and contracts in progress3 | €334,520 | - | - | €111,687 | €128,709 | ▲ 15.2% |
| Contracts in progress37 | - | - | - | - | €128,709 | - |
| Amounts receivable within one year40/41 | €50,469 | €311,322 | €6,545 | €104,397 | €70,148 | ▼ 32.8% |
| Trade receivables40 | - | - | - | - | €59,708 | - |
| Other amounts receivable41 | - | - | - | - | €10,441 | - |
| Cash at bank and in hand54/58 | €45,671 | €19,582 | €24,213 | €61,769 | €77,521 | ▲ 25.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €4,728 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €874,321 | €657,402 | €281,243 | €487,153 | €431,040 | ▼ 11.5% |
| Equity10/15 | -€817,086 | -€1.6m | €247,109 | €394,751 | €279,034 | ▼ 29.3% |
| Contributions10/11 | €266,827 | €266,827 | - | - | €2.6m | - |
| Profit (loss) carried forward14 | -€1.1m | -€1.9m | -€2.3m | -€2.2m | -€2.3m | ▼ 5.3% |
| Amounts payable17/49 | €1.7m | €2.3m | €34,135 | €92,402 | €152,005 | ▲ 64.5% |
| Amounts payable within one year42/48 | €1.7m | €2.3m | €34,135 | €92,402 | €152,005 | ▲ 64.5% |
| Financial debts43 | - | - | - | - | €75,000 | - |
| Other loans439 | - | - | - | - | €75,000 | - |
| Trade debts44 | €56,407 | €36,419 | €9,031 | €6,017 | €5,828 | ▼ 3.1% |
| Suppliers440/4 | - | - | - | - | €5,828 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €25,198 | - |
| Taxes450/3 | - | - | - | - | €782 | - |
| Remuneration and social security454/9 | - | - | - | - | €24,416 | - |
| Other amounts payable47/48 | - | - | - | - | €45,980 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.1m | -€801,274 | -€439,767 | €147,642 | -€115,716 | ▼ 178% |
| + Depreciation and write-downs630 | €155,869 | €111,974 | €75,660 | €54,107 | €69,121 | ▲ 27.8% |
| Operating cash flow (approximation) | -€928,044 | -€689,300 | -€364,107 | €201,749 | -€46,595 | ▼ 123% |
| Investment in fixed assets (approximation) | - | -€3,870 | €0 | -€14,025 | -€13,867 | ▲ 1.1% |
| Change in cash | - | -€26,089 | €4,631 | €37,556 | €15,752 | ▼ 58.1% |
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
07-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 01-04-2025
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €147,642
Net result €147,642 after 3 loss-making years.
30-09
Financial
Liquidity triplescurrent ratio 3.05
Current ratio from 1.05 to 3.05.
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 225 days late
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 591 days late
30-09
Financial
Liquidity times 7current ratio 1.05
Current ratio from 0.15 to 1.05; short-term debt falls from €2.3m to €34,135.
30-09
Financial
Equity above €200,000Eq €247,109
Equity rises from -€1.6m to €247,109.
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
18-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
14-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Deinze · 1 establishment unit since 2013
Ground area
767 m²
Building footprint
205 m²
Parcel 44049E0965/00M003, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
TOMALGAE
since 20132.222.919.603
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44049E0965/00M003 | Flanders | 767 m² | 1 · 205 m² | - |
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 | GEERT DEFREYNE KORTRIJKSESTEENWEG 361,
9000 GENT |
01-04-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteDeinze2.222.919.603
Identification & contact
Identification
Legal formPrivate limited company
Founded14-08-2013
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.