Skip to content

UNICAR

Open bankruptcy
Private limited company (pre-2019)founded 1985Handzamestraat 105, 8610 Kortemark, BelgiumKBO/BCE: BE 0428.177.794

A bankruptcy procedure is open for UNICAR according to publications in the Belgian State Gazette; curator: PATRICK CONTENT.

Summary

The 2022 annual accounts show negative equity (-€224,572) and a net result of -€33,372.

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, Ostend division
Declared bankrupt
28 August 2023
Supervising judge
Heidi Diet
Official Gazette
15-09-2023 (pdf) ↗search the document for 2023/133723

Curator

  • Patrick ContentJozef Ii Straat 18, 8400 Oostendecontent@advocatenkantoorcontent.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
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 07-07-2023, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
24 d early
2021
18 d early
2020
40 d late
2019
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

UNICAR was incorporated on 16 December 1985.1 Total assets fell from EUR 247,843 in 2018 to EUR 7,244 in 2022 and headcount from 1.1 full-time equivalents in 2018 to 0.2 in 2020.2 On 28 August 2023 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2020 and 2022
  3. 3Belgian State Gazette, 15-09-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, abbreviated schema

Equity
-€224,572▼ 17.5%
2021 · -€191,200
Total assets
€7,244▲ 3.0%
2021 · €7,030
Net result
-€33,372▼ 63.3%
2021 · -€20,439
Working capital
-€216,795▼ 15.7%
2021 · -€187,353
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€11,195--€58,966-€15,092▲ 74.4%-€16,203▼ 7.4%-€25,574▼ 57.8%
Net result€1,613--€65,335-€19,229▲ 70.6%-€20,439▼ 6.3%-€33,372▼ 63.3%
Equity-€86,197--€151,532▼ 75.8%-€170,761▼ 12.7%-€191,200▼ 12.0%-€224,572▼ 17.5%
Total assets€247,843-€93,438▼ 62.3%€10,825▼ 88.4%€7,030▼ 35.1%€7,244▲ 3.0%
Debt€334,040-€244,971▼ 26.7%€181,586▼ 25.9%€198,230▲ 9.2%€231,816▲ 16.9%
Working capital-€91,168--€149,504▼ 64.0%-€167,442▼ 12.0%-€187,353▼ 11.9%-€216,795▼ 15.7%
Staff (FTE)1.1-1.3▲ 18.2%0.2▼ 84.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€80,000-€60,000-€40,000-€20,000€0€20,000Operating result 2018: €11,195€11,195Net result 2018: €1,613€1,613Operating result 2019: -€58,966-€58,966Net result 2019: -€65,335-€65,335Operating result 2020: -€15,092-€15,092Net result 2020: -€19,229-€19,229Operating result 2021: -€16,203-€16,203Net result 2021: -€20,439-€20,439Operating result 2022: -€25,574-€25,574Net result 2022: -€33,372-€33,37220182019202020212022-€40,000-€30,000-€20,000-€10,000€0Operating result 2020: -€15,092-€15,100Net result 2020: -€19,229-€19,200Operating result 2021: -€16,203-€16,200Net result 2021: -€20,439-€20,400Operating result 2022: -€25,574-€25,600Net result 2022: -€33,372-€33,400202020212022
The operating result stays negative: a loss of €25,574 in 2022 against €16,203 in 2021; the loss grows.
Key figures and ratios
2022 value · change against 2021
Current ratio
0.03▼
2021 · 0.03
Quick ratio
0.01▲
2021 · 0.00
Debt to equity
-1.03▲
2021 · -1.04
ROA
-460.7%▼
2021 · -290.8%
Debt ≤ 1 year
€224,038▲
2021 · €193,894
Staff costs
€1,380▲
2021 · €1,323
A ratio outside any meaningful range has been withheld (balance sheet total €7,244, equity -€224,572).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 38 lines
Balance sheet Code20212022
Assets
Total assets20/58€7,030€7,244▲
Fixed assets21/28€489-
Tangible fixed assets22/27€489-
Furniture and vehicles24€489-
Current assets29/58€6,541€7,244▲
Stocks and contracts in progress3€5,970€5,970=
Stocks30/36€5,970€5,970=
Amounts receivable within one year40/41€87€1,265▲
Other amounts receivable41€87€1,265▲
Cash at bank and in hand54/58€484€9▼
Equity and liabilities
Total equity and liabilities10/49€7,030€7,244▲
Equity10/15-€191,200-€224,572▼
Contributions10/11€18,592€18,592=
Reserves13€11,578€11,578=
Non-distributable reserves130/1€223€223=
Reserves not available under the articles1311€223€223=
Distributable reserves133€11,356€11,356=
Profit (loss) carried forward14-€221,370-€254,743▼
Amounts payable17/49€198,230€231,816▲
Amounts payable within one year42/48€193,894€224,038▲
Trade debts44€7,372€1,716▼
Suppliers440/4€7,372€1,716▼
Other amounts payable47/48€186,523€222,323▲
Accrued charges and deferred income492/3€4,335€7,778▲
Income statement Code20212022
Non-recurring operating income76A-€11
Remuneration, social security and pensions62€1,323€1,380▲
Other operating charges640/8€1,226€712▼
Gross operating margin9900-€13,654-€23,483▼
Operating profit (loss)9901-€16,203-€25,574▼
Financial income75/76B€100-
Recurring financial income75€100-
Financial charges65/66B€4,336€7,798▲
Recurring financial charges65€4,336€7,798▲
Profit (loss) for the period before taxes9903-€20,439-€33,372▼
Profit (loss) for the period9904-€20,439-€33,372▼
Profit (loss) for the period to be appropriated9905-€20,439-€33,372▼
Appropriation of the result
Profit (loss) to be appropriated9906-€221,370-€254,743▼
Profit (loss) brought forward from the previous period14P-€200,931-€221,370▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Non-recurring operating income76A----€11-
Remuneration, social security and pensions62---€1,323€1,380▲ 4.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,600€2,600€1,883---
Other operating charges640/8---€1,226€712▼ 41.9%
Gross operating margin9900€55,632€1,283-€5,327-€13,654-€23,483▼ 72.0%
Operating profit (loss)9901€11,195-€58,966-€15,092-€16,203-€25,574▼ 57.8%
Financial income75/76B---€100--
Recurring financial income75€1€294€0€100--
Financial charges65/66B---€4,336€7,798▲ 79.9%
Recurring financial charges65€9,583€6,663€4,138€4,336€7,798▲ 79.9%
Profit (loss) for the period before taxes9903€1,613-€65,335-€19,229-€20,439-€33,372▼ 63.3%
Profit (loss) for the period9904€1,613-€65,335-€19,229-€20,439-€33,372▼ 63.3%
Profit (loss) for the period to be appropriated9905€1,613-€65,335-€19,229-€20,439-€33,372▼ 63.3%
Line20182019202020212022Change
Assets
Total assets20/58€247,843€93,438€10,825€7,030€7,244▲ 3.0%
Fixed assets21/28€4,972€2,372€489€489--
Tangible fixed assets22/27€4,972€2,372€489€489--
Furniture and vehicles24---€489--
Current assets29/58€242,872€91,067€10,336€6,541€7,244▲ 10.7%
Stocks and contracts in progress3€220,000€90,770€5,970€5,970€5,970=
Stocks30/36---€5,970€5,970=
Amounts receivable within one year40/41€21,586€206€4,261€87€1,265▲ 1,354%
Other amounts receivable41---€87€1,265▲ 1,354%
Cash at bank and in hand54/58€1,286€91€105€484€9▼ 98.1%
Equity and liabilities
Total equity and liabilities10/49€247,843€93,438€10,825€7,030€7,244▲ 3.0%
Equity10/15-€86,197-€151,532-€170,761-€191,200-€224,572▼ 17.5%
Contributions10/11€18,592€18,592-€18,592€18,592=
Reserves13€11,578€11,578€11,578€11,578€11,578=
Non-distributable reserves130/1---€223€223=
Reserves not available under the articles1311---€223€223=
Distributable reserves133---€11,356€11,356=
Profit (loss) carried forward14-€116,367-€181,703-€200,931-€221,370-€254,743▼ 15.1%
Amounts payable17/49€334,040€244,971€181,586€198,230€231,816▲ 16.9%
Amounts payable within one year42/48€334,040€240,570€177,778€193,894€224,038▲ 15.5%
Trade debts44€10,485€101,171€45,718€7,372€1,716▼ 76.7%
Suppliers440/4---€7,372€1,716▼ 76.7%
Other amounts payable47/48---€186,523€222,323▲ 19.2%
Accrued charges and deferred income492/3---€4,335€7,778▲ 79.4%
Line20182019202020212022Change
Profit (loss) for the period9904€1,613-€65,335-€19,229-€20,439-€33,372▼ 63.3%
+ Depreciation and write-downs630€2,600€2,600€1,883---
Operating cash flow (approximation)€4,213-€62,735-€17,346-€20,439-€33,372▼ 63.3%
Investment in fixed assets (approximation)-€0€0€0--
Change in cash--€1,195€14€379-€475▼ 225%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2023
15-09
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 28-08-2023
07-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-09
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 40 days late
2020
07-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Weakest financial yearnet -€65,335
Net result drops to -€65,335, the lowest in the series.
08-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2018
01-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
16-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
2016
16-11
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 108 days late
2015
03-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 3 days late
2014
29-09
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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, Kortemark · 1 establishment unit since 2001
seat establishment The establishment unit on the map
Ground area
1,977 m²
Building footprint
491 m²
Volume, LiDAR
3,068 m³
Parcel 32011C0274/00D002, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
UNICAR
Handzamestraat 105, 8610 KortemarkReal estate development
since 20012.039.992.053
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
32011C0274/00D002 Flanders 1,977 m² 1 · 491 m² 11.5 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

1 mandate
Role Name Tenure
Curator PATRICK CONTENT
JOZEF II STRAAT 18, 8400 OOSTENDE
28-08-2023 → present

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 10,510 companies in sector 47110 we hold annual accounts for 5,847. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded16-12-1985
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating

Scores and ratios are computed by Checked and are not a credit decision.