TOPGLANS
Open bankruptcySummary
A bankruptcy procedure is open for TOPGLANS according to publications in the Belgian State Gazette. The 2018 annual accounts show equity of €246,936 and a net result of €20,300.
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 Antwerp, Hasselt division
- Declared bankrupt
- 15 September 2022
- Supervising judge
- Guy Vloeberghs
- Official Gazette
- 21-09-2022 (pdf) ↗search the document for 2022/132745
Curators
- Ronny MaesPrins Bisschopsingel 11, 3500 Hasseltr.maes@exacto-advocaten.be
- Kristof KrolPrins Bisschopssingel 11, 3500 Hasseltk.krol@exacto-advocaten.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 · Filed after the deadline
The financial year that closed on 30-06-2018 was due by 31-01-2019 and was filed on 28-02-2019, 28 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 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The sector median for financial year 2024 is 1 day before the deadline, and 42% 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 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 How is the Painting of buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2018, micro schema
Equity
€246,936▲ 9.0%
2017 · €226,636
Total assets
€894,194▼ 2.1%
2017 · €913,025
Net result
€20,300
2017 · -€242
Working capital
€97,803▲ 55.2%
2017 · €63,000
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
Line20142015201620172018
Operating result-€195,086-€71,657-€9,665€41,315€53,921▲ 30.5%
Net result-€240,848-€22,347-€68,412-€242▲ 99.6%€20,300
Equity€272,943-€295,290▲ 8.2%€226,878▼ 23.2%€226,636▼ 0.1%€246,936▲ 9.0%
Total assets€1.1m-€1.1m▲ 3.6%€907,745▼ 19.4%€913,025▲ 0.6%€894,194▼ 2.1%
Debt€814,384-€830,912▲ 2.0%€680,867▼ 18.1%€686,389▲ 0.8%€647,258▼ 5.7%
Working capital-€125,177--€35,069▲ 72.0%€24,540€63,000▲ 157%€97,803▲ 55.2%
Staff (FTE)2.8-0.3▼ 89.3%0.4▲ 33.3%0.3▼ 25.0%0.4▲ 33.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2016 the operating result has climbed two years in a row; 2018 is 31% above 2017.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €894,194
Fixed assets
€513,226 ▼ 9.5%
Current assets
€380,968 ▲ 10.2%
Equity and liabilities €894,194
Equity
€246,936 ▲ 9.0%
Debt
€647,258 ▼ 5.7%
Debt's share of the balance-sheet total falls from 75.2% to 72.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€108,380▼
2017 · €117,216
Cash flow
€74,759▼
2017 · €75,659
Current ratio
1.35▲
2017 · 1.22
Quick ratio
1.25▲
2017 · 1.10
Debt to equity
1.33▼
2017 · 1.62
ROE
8.2%▲
2017 · -0.1%
ROA
2.3%▲
2017 · 0.0%
Debt ≤ 1 year
€283,165▲
2017 · €282,739
Debt > 1 year
€327,605▼
2017 · €367,162
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,565 | €86,336 | €86,809 | €75,901 | €54,459 | ▼ 28.2% |
| Gross operating margin9900 | -€116,738 | €176,746 | €94,929 | €136,019 | €127,051 | ▼ 6.6% |
| Operating profit (loss)9901 | -€195,086 | €71,657 | -€9,665 | €41,315 | €53,921 | ▲ 30.5% |
| Recurring financial income75 | €342 | €864 | €434 | €515 | €1,324 | ▲ 157% |
| Recurring financial charges65 | €44,230 | €50,174 | €65,798 | €42,072 | €34,945 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | -€238,975 | €22,347 | -€68,412 | -€242 | €20,300 | ▲ 8,488% |
| Income taxes67/77 | €1,873 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€240,848 | €22,347 | -€68,412 | -€242 | €20,300 | ▲ 8,488% |
| Profit (loss) for the period to be appropriated9905 | -€240,848 | €22,347 | -€68,412 | -€242 | €20,300 | ▲ 8,488% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €907,745 | €913,025 | €894,194 | ▼ 2.1% |
| Formation expenses20 | €37,695 | €25,130 | €12,565 | - | - | - |
| Fixed assets21/28 | €795,225 | €717,654 | €643,187 | €567,286 | €513,226 | ▼ 9.5% |
| Tangible fixed assets22/27 | €757,405 | €692,399 | €629,997 | €566,661 | €512,201 | ▼ 9.6% |
| Financial fixed assets28 | €125 | €125 | €625 | €625 | €1,025 | ▲ 64.0% |
| Current assets29/58 | €292,102 | €408,548 | €264,558 | €345,739 | €380,968 | ▲ 10.2% |
| Stocks and contracts in progress3 | €46,571 | €41,840 | €32,909 | €34,515 | €28,317 | ▼ 18.0% |
| Amounts receivable within one year40/41 | €208,220 | €324,972 | €197,703 | €261,243 | €308,106 | ▲ 17.9% |
| Cash at bank and in hand54/58 | €6,621 | €4,803 | €12,357 | €10,515 | €18,821 | ▲ 79.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €907,745 | €913,025 | €894,194 | ▼ 2.1% |
| Equity10/15 | €272,943 | €295,290 | €226,878 | €226,636 | €246,936 | ▲ 9.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €7,761 | €7,761 | €22,260 | €22,260 | €22,260 | = |
| Profit (loss) carried forward14 | -€143,390 | -€106,544 | -€174,956 | -€175,198 | -€154,898 | ▲ 11.6% |
| Amounts payable17/49 | €814,384 | €830,912 | €680,867 | €686,389 | €647,258 | ▼ 5.7% |
| Amounts payable after more than one year17 | €394,272 | €364,981 | €419,361 | €367,162 | €327,605 | ▼ 10.8% |
| Amounts payable within one year42/48 | €417,279 | €443,617 | €240,018 | €282,739 | €283,165 | ▲ 0.2% |
| Trade debts44 | €209,394 | €195,941 | €60,533 | €68,979 | €92,898 | ▲ 34.7% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€240,848 | €22,347 | -€68,412 | -€242 | €20,300 | ▲ 8,488% |
| + Depreciation and write-downs630 | €12,565 | €86,336 | €86,809 | €75,901 | €54,459 | ▼ 28.2% |
| Operating cash flow (approximation) | -€228,283 | €108,683 | €18,397 | €75,659 | €74,759 | ▼ 1.2% |
| Investment in fixed assets (approximation) | - | -€8,766 | -€12,342 | €0 | -€399 | - |
| Change in cash | - | -€1,819 | €7,554 | -€1,842 | €8,306 | ▲ 551% |
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
2022
21-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 15-09-2022
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-06
Financial
Back to profitnet €20,300
Net result €20,300 after 2 loss-making years.
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2015
21-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
30-06
Financial
Back to profitnet €22,347
Net result €22,347 after one loss-making year.
16-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 16 days late
2014
12-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 12 days late
2013
20-02
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 20 days late
2012
30-01
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
27-01
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
16-02
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 16 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Truiden · 1 establishment unit since 1995
Ground area
2,964 m²
Building footprint
1,457 m²
Volume, LiDAR
7,140 m³
Parcel 71009A0062/00P000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TOPGLANS BVBA
since 19952.074.179.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71009A0062/00P000 | Flanders | 2,964 m² | 1 · 1,457 m² | 7.2 m · 2 fl. |
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | RONNY MAES PRINS BISSCHOPSINGEL 11,
3500 HASSELT |
15-09-2022 → present |
| Curator | KRISTOF KROL PRINS
BISSCHOPSSINGEL 11, 3500 HASSELT |
15-09-2022 → present |
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 1,928 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)
Founded16-11-1995
Fiscal year end30-06
Activities, NACEBEL 2025
43341Painting of buildings
Scores and ratios are computed by Checked and are not a credit decision.