TOTSO
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 26 August 2026 · trustees Karl Vanstipelen and Winny Tirmarche · claim deadline passed on 25 September 2026
How to file a claimThe procedure
- Court
- Enterprise Court of Antwerp, Hasselt division
- Supervising judge
- Bastiaan Baeskens
- Official Gazette
- 01-09-2026search the document for 2026/135959
Deadlines
- Provisional date payments stopped
- 26 August 2026A later judgment can still change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 16 September 2026That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 25 September 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 8 October 2026Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- 26 August 2027A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustees
- Karl VanstipelenStationsstraat 108, 3400 Landenfaillissementen@dewaelpartners.be
- Winny TirmarcheStationsstraat 108A 108, 3400 Landenfaillissementen@dewaelpartners.be
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- 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.
- Reclaim goods you delivered under retention of title 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, subject to conditions.
- Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy declared bankrupt on 26-08-2026
- Activity
- “Het oprichten,beheren en uitbaten van één of meer kinderdagverblijven en crèches in de meest…” (deed in Dutch)From the articles, 25 activitiesNo NACE code in the KBO yet
- Joint committee
- 331 Flemish welfare and health sector · annual accounts 30-06-2025
- Establishment unit
- 2.347.066.042 3920 Lommel, since 29-06-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 03-06-2026
Board and ownership
Board
- PENNINGS EvelyneDirector
Shareholders
- PENNINGS Evelyne100 sharesdeed of 03-07-2023
Financial position
No score
Annual accounts to 30-06-2025
- Gross margin
- €117,328
- Turnover
- ≈ €290,000
- estimated
- Loss
- €2,430
- ▼ 96.1%
- Equity
- -€59,270
- ▼ 4.3%
- Total assets
- €60,793
- ▲ 7.6%
- Employees on 30-06-2025
- 10
- ▲ 100%
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 2 filings
Turnover
≈ €290,000
Estimated: probably between €200,000 and €450,000
Total assets
€60,793▲ 7.6%
2024 · €56,473
Net result
-€2,430▲ 96.1%
2024 · -€61,839
Working capital
-€82,055▼ 24.2%
2024 · -€66,079
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€562
2025
20242025
Net result
-€2,430
▲ 96.1%
2025
20242025
Equity
-€59,270
▼ 4.3%
2025
20242025
Total assets
€60,793
▲ 7.6%
2025
20242025
Debt
€120,063
▲ 6.0%
2025
20242025
Working capital
-€82,055
▼ 24.2%
2025
20242025
Staff (FTE)
8.1
▲ 406%
2025
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€60,368-€562
Net result-€61,839--€2,430▲ 96.1%
Equity-€56,839--€59,270▼ 4.3%
Total assets€56,473-€60,793▲ 7.6%
Debt€113,312-€120,063▲ 6.0%
Working capital-€66,079--€82,055▼ 24.2%
Staff (FTE)1.6-8.1▲ 406%
The operating result for 2025 is a profit of €562, after a loss of €60,368 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,793
Fixed assets
€47,475 ▼ 11.1%
Current assets
€13,318 ▲ 337%
Equity and liabilities
Equity-€59,270
Debt€120,063
Equity is negative. Debt (€120,063) exceeds the balance-sheet total (€60,793).
Key figures and ratios
EBITDA
€8,177▲
2024 · -€57,579
Cash flow
€5,185▲
2024 · -€59,050
Solvency
-97.5%▲
2024 · -100.6%
Current ratio
0.14▲
2024 · 0.04
ROA
-4.0%▲
2024 · -109.5%
Interest coverage
3.62▲
2024 · -38.20
Debt ≤ 1 year
€95,373▲
2024 · €69,129
Debt > 1 year
€24,690▼
2024 · €30,000
Staff costs
€109,088▲
2024 · €23,445
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2024 | 30-06-2025 |
|---|---|---|
| Employees at the balance-sheet date | 5 | 10 |
| full-time | - | 1 |
| part-time | 5 | 9 |
| in full-time equivalents | 2.4 | 5.1 |
| Average over the year, in full-time equivalents | 0.7 | 4.5 |
| On a permanent contract | 3 | 4 |
| Joined | 8 | 11 |
| Left | 3 | 6 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 30-06-2024 | 30-06-2025 |
|---|---|---|
| Tangible fixed assets | €54,912 | €1,668 |
| Intangible fixed assets | €1,300 | - |
| Depreciation and write-downs of the year | €2,789 | €7,615 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 3 entries · €126,981 awarded · €126,981 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €82,412 | €82,412 |
| 2024 | 1 | €44,569 | €44,569 |
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €23,445 | €109,088 | ▲ 365% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,789 | €7,615 | ▲ 173% |
| Other operating charges640/8 | €217 | €62 | ▼ 71.4% |
| Gross operating margin9900 | -€33,917 | €117,328 | - |
| Operating profit (loss)9901 | -€60,368 | €562 | - |
| Financial income75/76B | €36 | €129 | ▲ 263% |
| Recurring financial income75 | €36 | €129 | ▲ 263% |
| Financial charges65/66B | €1,507 | €3,121 | ▲ 107% |
| Recurring financial charges65 | €1,507 | €2,256 | ▲ 49.7% |
| Non-recurring financial charges66B | - | €865 | - |
| Profit (loss) for the period before taxes9903 | -€61,839 | -€2,430 | ▲ 96.1% |
| Profit (loss) for the period9904 | -€61,839 | -€2,430 | ▲ 96.1% |
| Profit (loss) for the period to be appropriated9905 | -€61,839 | -€2,430 | ▲ 96.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €56,473 | €60,793 | ▲ 7.6% |
| Fixed assets21/28 | €53,423 | €47,475 | ▼ 11.1% |
| Tangible fixed assets22/27 | €53,423 | €47,475 | ▼ 11.1% |
| Furniture and vehicles24 | €53,423 | €6,223 | ▼ 88.4% |
| Other tangible fixed assets26 | - | €41,252 | - |
| Current assets29/58 | €3,050 | €13,318 | ▲ 337% |
| Amounts receivable within one year40/41 | €3,050 | €13,154 | ▲ 331% |
| Trade receivables40 | €3,050 | €13,108 | ▲ 330% |
| Other amounts receivable41 | - | €46 | - |
| Deferred charges and accrued income490/1 | - | €164 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €56,473 | €60,793 | ▲ 7.6% |
| Equity10/15 | -€56,839 | -€59,270 | ▼ 4.3% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€61,839 | -€64,270 | ▼ 3.9% |
| Amounts payable17/49 | €113,312 | €120,063 | ▲ 6.0% |
| Amounts payable after more than one year17 | €30,000 | €24,690 | ▼ 17.7% |
| Financial debts170/4 | €30,000 | €24,690 | ▼ 17.7% |
| Amounts payable within one year42/48 | €69,129 | €95,373 | ▲ 38.0% |
| Current portion of amounts payable after more than one year42 | €7,240 | €7,548 | ▲ 4.3% |
| Financial debts43 | €4,986 | €5,109 | ▲ 2.5% |
| Credit institutions430/8 | €4,986 | €5,109 | ▲ 2.5% |
| Trade debts44 | €34,179 | €16,503 | ▼ 51.7% |
| Suppliers440/4 | €34,179 | €16,503 | ▼ 51.7% |
| Taxes, remuneration and social security45 | €8,927 | €40,894 | ▲ 358% |
| Taxes450/3 | €300 | €1,668 | ▲ 456% |
| Remuneration and social security454/9 | €8,627 | €39,226 | ▲ 355% |
| Other amounts payable47/48 | €13,797 | €25,319 | ▲ 83.5% |
| Accrued charges and deferred income492/3 | €14,184 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€61,839 | -€2,430 | ▲ 96.1% |
| + Depreciation and write-downs630 | €2,789 | €7,615 | ▲ 173% |
| Operating cash flow (approximation) | -€59,050 | €5,185 | - |
| Investment in fixed assets (approximation) | - | -€1,668 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, since incorporation
PENNINGS Evelyne
Current
Director (not named in the articles) · current term since 29-06-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 30-01-2026
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Karl Vanstipelen Stationsstraat 108, 3400 Landen |
26-08-2026 → present |
| Trustee | Winny
tirmarche Stationsstraat 108A 108, 3400 Landen |
26-08-2026 → present |
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“4.5. Bestuurder(s) De vergadering beslist het eerste aantal bestuurders te bepalen op één en te benoemen tot nietstatutaire bestuurder…”
deed of 03-07-2023Owners and capital
Shareholders
At incorporation
deed of 03-07-2023 ↗
- PENNINGS Evelyne 100 shares (100%) · €5,000 in cash
Capital transactions
Capital over time
- 03-07-2023 Incorporation · €5,000 · 100 shares
Articles of association
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Geschreven stuk, van rechtswege vanaf vervaldag in aanmaning tegen wettelijke rentevoet verhoogd met twee procent jaarlijks betaalbaar op…”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Aanduiden vereffenaars,omlijnen bevoegdheden,bepalen vergoeding, bestuurder(s) in functie indien geen andere vereffenaar benoemd”
Articles of association, deed of 03-07-2023 (in Dutch)
Network & group
TOTSO shares no director with another company.
Companies at the same address
5 other companies- PRIME RETAIL GROUP Registered office · since 02-11-2026 1044.796.007
- Ahmed, Khalil (sole trader) Establishment · since 01-10-2021Founded in 2021 0703.868.919
- Coelus, Christine (sole trader) Establishment · since 01-09-2018Founded in 2018 0550.567.545
- Vereniging van Mede-eigenaars van het gebouw te 3920 Lommel, Luikersteenweg 234 Registered office · since 24-03-2011Founded in 2011 0835.003.219
- Bertels, Kris (sole trader) Establishment · since 06-07-1994Founded in 1994 0698.384.855
Connections & network
1 current directorThe network starts from the directors of TOTSO. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Deeds, filings and financial milestones
2026
01-09
Bankruptcy
Bankruptcy declared
Enterprise Court of Antwerp, Hasselt division · judgment of 26-08-2026
30-01
micro format · 1 day before the deadline
2024
30-12
micro format · 32 days before the deadline
2023
03-07
Gazette deed
IncorporationFounding capital of €5,000, 100 shares · Founder: PENNINGS Evelyne · Appointment: PENNINGS Evelyne (director)5 points ▸
Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: PENNINGS Evelyne · Appointment: PENNINGS Evelyne (director)5 points ▸
- Founder, PENNINGS Evelyne
- Founding capital, €5,000, 100 shares
- Registered office clause, Luikersteenweg 234, 3920 Lommel
- Board rule, 1
- Director appointment, PENNINGS Evelyne (director (not named in the articles))
- The deed holds 12 more points.
SignalGazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Bankruptcy opened
- Last annual accounts
- financial year to 30 June 2025
- Legal form
- Private limited company
- Active since
- 29 June 2023
Register details
Identity
Name
TOTSO in Dutch
Enterprise number
0803.349.347
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 03-07-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest”
deed of 03-07-2023 (in Dutch)Registered office and establishments
Registered office
Luikersteenweg 234, 3920 Lommel, Belgium
Establishment unit
TOTSO, Luikersteenweg 234, 3920 Lommel since 29-06-2023 · unit number 2.347.066.042 88911 Day nurseries and crèches
Activities
Joint committee
331 Flemish welfare and health sector annual accounts 30-06-2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 03-07-2023 (in Dutch)
“Het oprichten,beheren en uitbaten van één of meer kinderdagverblijven en crèches in de meest ruime zin,alsmede alle verrichtingen die eraan…”
25 activities
- Het oprichten,beheren en uitbaten van één of meer kinderdagverblijven en crèches in de meest ruime zin,alsmede alle verrichtingen die eraan verbonden zijn zoals de verkoop van kindertoebehoren en pedagogisch speelgoed en de voorbereiding en levering van kindermaaltijden
- Het organiseren van kinderopvang,zowel voor niet schoolgaande kinderen als buitenschoolse kinderopvang,op reguliere als occasionele basis,dit in kinderkribben,als onthaalmoeder of door onthaalmoeders,of onder enige andere vorm
- Opvang bieden voor schoolgaande kinderen,opvang zieke kinderen,kampjes organiseren
- De vakantieopvang van (schoolgaande) kinderen
- Het inrichten en organiseren van opvang
- Het verlenen van opvoedingsondersteuning en opleidingsondersteuning
- Het aanbieden en verstrekken van maaltijden en dranken om zowel ter plaatse te nuttigen,als om mee te nemen,onder de vorm van catering of traiteurdienst
- Organiseren van festiviteiten met kinderanimatie en catering (tuinfeest,paasbrunch,babyborrel)
- Het verlenen van advies op zakelijk,organisatorisch,sociaal en financieel gebied,op het vlak van efficiëntie,milieu,toezicht,begeleiding,planning en educatieve begeleiding van kinderen,de kinderopvang en de organisatie van kinderopvang en alle mogelijke diensten en activiteiten in verband met het voorgaande
- Consulting in bedrijven met betrekking tot interne en externe kinderopvang in de ruimste zin.
- Het management,adviseren,consulteren,begeleiden,leiden,optreden als bestuurder van en in alle vennootschappen en ondernemingen
- Het verlenen van diensten aan bedrijven en personen,waarin onder meer begrepen,het verstrekken van adviezen,het optreden als tussenpersoon,agent,commissionair enzovoort
- Het bouwen en verwerven van opvanglokalen
- Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen,het stimuleren,het plannen,het coördineren,het ontwikkelen van en het investeren in rechtspersonen en ondernemingen waarin zij al dan niet een participatie aanhoudt
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm;in dit kader kan zij zich ook borg stellen of haar aval verlenen;in de meest ruime zin,alle handels- en financiële operaties verrichten,behalve die wettelijk voorbehouden zijn aan banken,depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen
- Bijstand en diensten verlenen,rechtstreeks of onrechtstreeks,op het vlak van bedrijfsbeheer in de ruime zin van het woord,waaronder bedrijfsorganisatie,managementtechnieken en –adviezen,personeelszaken,administratie en financiën,productie,verkoop en marketing,en algemeen bestuur
- Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard,en dit in de ruimste zin,met uitzondering van adviezen inzake beleggingen en geldplaatsingen
- Human resources- en marketingbureau
- Het waarnemen van alle bestuursopdrachten en mandaten (onder andere van vereffenaar),het uitoefenen van opdrachten en functies
- Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,knowhow en aanverwante immateriële duurzame activa
- Het verlenen van administratieve prestaties en computerservices
- Het commercialiseren,onder al zijn mogelijke vormen,en met name de aankoop,de verkoop,de groothandel,de kleinhandel,de import,de export,de makelaardij en de commissie van om het even welke producten en goederen
- Het onderzoek,het ontwikkelen,het vervaardigen en/of het commercialiseren van nieuwe producten,nieuwe vormen van technologie en hun toepassingen
- Het aanleggen,oordeelkundig uitbouwen en beheren van een onroerend vermogen,alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen;de vennootschap mag tevens de bedrijvigheden coördineren die betrekking hebben op de gehele en gedeeltelijke uitvoering van voltooiingwerken door onderaannemers
- Het aanleggen,oordeelkundig uitbouwen en beheren van een roerend vermogen,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen
Invoicing and payment
VAT number
BE 0803.349.347
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of December at 18:00
deed of 03-07-2023 (in Dutch)Recognitions · licences · registrations
Care and welfare
2 services · 0 liveTotso
Totso
Sites & property
Location
Buildings and parcels at the address
Ground area
1,019 m²
Building footprint
426 m²
Building volume
2,149 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72345B0900/00D000 | Flanders | 1,019 m² | 1 · 426 m² | 7.8 m · 2 |