TRUTH
InactiveTRUTH was declared bankrupt on 19-11-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 08-07-2025, published in the Belgian State Gazette on 15-07-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-10-2024, 86 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 · 1 filingDeviation from the deadline
2023
86 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Equity
€21k
Total assets
€32k
Net result
€1k
Working capital
€20k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €32k
Fixed assets
€172
Current assets
€32k
Equity and liabilities €32k
Equity
€21k
Debt
€12k
Debt finances 36.2% of the balance-sheet total.
Key figures and ratios
Solvency
63.8%
Current ratio
2.75
Quick ratio
2.75
Debt / equity
0.57
ROE
6.0%
ROA
3.8%
Debt
€12k
Debt ≤ 1 year
€12k
Filed annual accounts
As filed with the NBB · 2023
Balance sheet
Code2023
Assets
Total assets20/58€32k
Fixed assets21/28€172
Financial fixed assets28€172
Current assets29/58€32k
Amounts receivable within one year40/41€27k
Trade receivables40€182
Other amounts receivable41€27k
Cash at bank and in hand54/58€5k
Equity and liabilities
Total equity and liabilities10/49€32k
Equity10/15€21k
Contributions10/11€3k
Profit (loss) carried forward14€18k
Amounts payable17/49€12k
Amounts payable within one year42/48€12k
Trade debts44€2k
Suppliers440/4€2k
Taxes, remuneration and social security45€10k
Taxes450/3€10k
Income statement
Code2023
Gross operating margin9900€1k
Operating profit (loss)9901€1k
Financial charges65/66B€229
Recurring financial charges65€229
Profit (loss) for the period before taxes9903€1k
Profit (loss) for the period9904€1k
Profit (loss) for the period to be appropriated9905€1k
Appropriation of the result
Profit (loss) to be appropriated9906€18k
Profit (loss) brought forward from the previous period14P€16k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · TRUTH BV NINOOFSESTEENWEG 124, 1700 DILBEEK · event 08-07-2025
2024
02-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · TRUTH BV NINOOFSE- STEENWEG 124, 1700 DILBEEK · event 19-11-2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 86 days late
SignalNBB filing
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Johan MOMMAERTS SINT-MAARTENSTRAAT 53,
3000 LEUVEN |
19-11-2024 → present |