Unit 14
Open bankruptcyA bankruptcy procedure is open for Unit 14 according to publications in the Belgian State Gazette; curator: THOMAS DEBAENE.
Summary
The 2023 annual accounts show equity of €145,378 and a net result of -€64,931.
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, Antwerp division
- Declared bankrupt
- 15 May 2025
- Supervising judge
- Benoit Ide
- Official Gazette
- 21-05-2025 (pdf) ↗search the document for 2025/121371
Deadlines
- Provisional date payments stopped
- 15 May 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 5 June 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 14 June 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 11 July 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 15 May 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Thomas DebaeneKoninklijke Laan 60, 2600 Berchem (Antwerpen)thomas.debaene@gvgadvocaten.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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
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.Creditor guide for this company
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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 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
31 d late
2021
25 d early
2020
22 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 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% 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 Are there other customers at risk in your own list?List enrichment How is the Manufacture of furniture sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
€145,378▼ 30.9%
2022 · €210,309
Total assets
€761,675▲ 14.3%
2022 · €666,642
Net result
-€64,931
2022 · €35,391
Working capital
€44,337▼ 76.7%
2022 · €190,113
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202120222023
Operating result€20,127-€191,637▲ 852%€55,455▼ 71.1%-€45,538
Net result€20,373above the sector's middle half-€135,670above the sector's middle half▲ 566%€35,391above the sector's middle half▼ 73.9%-€64,931below the sector's middle half
Equity€50,373within the sector's middle half-€186,043above the sector's middle half▲ 269%€210,309above the sector's middle half▲ 13.0%€145,378within the sector's middle half▼ 30.9%
Total assets€261,580within the sector's middle half-€581,143above the sector's middle half▲ 122%€666,642above the sector's middle half▲ 14.7%€761,675within the sector's middle half▲ 14.3%
Debt€211,207-€395,100▲ 87.1%€456,333▲ 15.5%€616,298▲ 35.1%
Working capital€205,209above the sector's middle half-€260,132above the sector's middle half▲ 26.8%€190,113above the sector's middle half▼ 26.9%€44,337within the sector's middle half▼ 76.7%
Solvency19.3%within the sector's middle half-32.0%within the sector's middle half▲ 12.8pp31.5%within the sector's middle half▼ 0.5pp19.1%below the sector's middle half▼ 12.5pp
Current ratio5.37above the sector's middle half-2.04within the sector's middle half▼ 3.331.47within the sector's middle half▼ 0.561.09below the sector's middle half▼ 0.38
Return on assets (ROA)7.8%within the sector's middle half-23.3%above the sector's middle half▲ 15.6pp5.3%within the sector's middle half▼ 18.0pp-8.5%below the sector's middle half▼ 13.8pp
Staff (FTE)1.33.3▲ 154%3.7within the sector's middle half▲ 12.1%
above
within
below
the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings.
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 2023: a loss of €45,538 after €55,455 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €761,675
Fixed assets
€233,182 ▲ 211%
Current assets
€528,493 ▼ 10.7%
Equity and liabilities €761,675
Equity
€145,378 ▼ 30.9%
Debt
€616,298 ▲ 35.1%
Debt's share of the balance-sheet total rises from 68.5% to 80.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€14,125▼
2022 · €70,822
Cash flow
-€33,517▼
2022 · €50,758
Quick ratio
0.59▼
2022 · 0.94
Debt to equity
4.24▲
2022 · 2.17
ROE
-44.7%▼
2022 · 16.8%
Interest coverage
-0.66▼
2022 · 9.11
Debt ≤ 1 year
€484,156▲
2022 · €401,596
Debt > 1 year
€132,142▲
2022 · €54,737
Income taxes
€1,043▼
2022 · €12,365
Staff costs
€150,127▲
2022 · €119,037
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €14,214 | €119,037 | €150,127 | ▲ 26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,148 | €5,623 | €15,367 | €31,414 | ▲ 104% |
| Other operating charges640/8 | - | €6,787 | €1,613 | €3,318 | ▲ 106% |
| Gross operating margin9900 | €23,274 | €218,260 | €191,472 | €139,321 | ▼ 27.2% |
| Operating profit (loss)9901 | €20,127 | €191,637 | €55,455 | -€45,538 | ▼ 182% |
| Financial income75/76B | - | €523 | €72 | €3,053 | ▲ 4,127% |
| Recurring financial income75 | €4,372 | €523 | €72 | €3,053 | ▲ 4,127% |
| Financial charges65/66B | - | €12,326 | €7,771 | €21,403 | ▲ 175% |
| Recurring financial charges65 | €1,439 | €12,326 | €7,771 | €21,403 | ▲ 175% |
| Profit (loss) for the period before taxes9903 | €23,059 | €179,834 | €47,757 | -€63,888 | ▼ 234% |
| Income taxes67/77 | €2,686 | €44,164 | €12,365 | €1,043 | ▼ 91.6% |
| Profit (loss) for the period9904 | €20,373 | €135,670 | €35,391 | -€64,931 | ▼ 283% |
| Profit (loss) for the period to be appropriated9905 | €20,373 | €135,670 | €35,391 | -€64,931 | ▼ 283% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €261,580 | €581,143 | €666,642 | €761,675 | ▲ 14.3% |
| Fixed assets21/28 | €9,376 | €69,987 | €74,933 | €233,182 | ▲ 211% |
| Intangible fixed assets21 | - | €11,409 | €23,447 | €120,396 | ▲ 413% |
| Tangible fixed assets22/27 | €6,526 | €42,828 | €35,736 | €81,437 | ▲ 128% |
| Land and buildings22 | - | €7,432 | €5,964 | €8,505 | ▲ 42.6% |
| Plant, machinery and equipment23 | - | €10,181 | €9,808 | €7,320 | ▼ 25.4% |
| Furniture and vehicles24 | - | €25,214 | €19,964 | €65,612 | ▲ 229% |
| Financial fixed assets28 | €2,850 | €15,750 | €15,750 | €31,350 | ▲ 99.0% |
| Current assets29/58 | €252,204 | €511,156 | €591,709 | €528,493 | ▼ 10.7% |
| Stocks and contracts in progress3 | €42,804 | €197,161 | €215,931 | €243,671 | ▲ 12.8% |
| Stocks30/36 | - | €197,161 | €215,931 | €243,671 | ▲ 12.8% |
| Amounts receivable within one year40/41 | €116,461 | €76,562 | €253,097 | €261,563 | ▲ 3.3% |
| Trade receivables40 | - | €57,193 | €78,068 | €134,393 | ▲ 72.1% |
| Other amounts receivable41 | - | €19,368 | €175,029 | €127,169 | ▼ 27.3% |
| Cash at bank and in hand54/58 | €92,322 | €219,273 | €93,353 | €8,552 | ▼ 90.8% |
| Deferred charges and accrued income490/1 | - | €18,161 | €29,328 | €14,708 | ▼ 49.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €261,580 | €581,143 | €666,642 | €761,675 | ▲ 14.3% |
| Equity10/15 | €50,373 | €186,043 | €210,309 | €145,378 | ▼ 30.9% |
| Contributions10/11 | - | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €20,373 | €156,043 | €180,309 | €180,309 | = |
| Distributable reserves133 | - | €156,043 | €180,309 | €180,309 | = |
| Profit (loss) carried forward14 | - | - | - | -€64,931 | - |
| Amounts payable17/49 | €211,207 | €395,100 | €456,333 | €616,298 | ▲ 35.1% |
| Amounts payable after more than one year17 | €138,273 | €129,105 | €54,737 | €132,142 | ▲ 141% |
| Financial debts170/4 | - | €129,105 | €54,737 | €132,142 | ▲ 141% |
| Amounts payable within one year42/48 | €46,995 | €251,024 | €401,596 | €484,156 | ▲ 20.6% |
| Current portion of amounts payable after more than one year42 | - | €214,568 | €359,950 | €348,320 | ▼ 3.2% |
| Financial debts43 | - | €3,987 | €2,690 | €5,829 | ▲ 117% |
| Credit institutions430/8 | - | €3,987 | €2,690 | €5,829 | ▲ 117% |
| Trade debts44 | - | €3,410 | - | €13,792 | - |
| Suppliers440/4 | - | €3,410 | - | €13,792 | - |
| Taxes, remuneration and social security45 | - | €29,059 | €38,955 | €41,215 | ▲ 5.8% |
| Taxes450/3 | - | €27,135 | €29,027 | €21,940 | ▼ 24.4% |
| Remuneration and social security454/9 | - | €1,924 | €9,928 | €19,275 | ▲ 94.1% |
| Other amounts payable47/48 | - | - | - | €75,000 | - |
| Accrued charges and deferred income492/3 | - | €14,970 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,373 | €135,670 | €35,391 | -€64,931 | ▼ 283% |
| + Depreciation and write-downs630 | €2,148 | €5,623 | €15,367 | €31,414 | ▲ 104% |
| Operating cash flow (approximation) | €22,521 | €141,293 | €50,758 | -€33,517 | ▼ 166% |
| Investment in fixed assets (approximation) | - | -€66,234 | -€20,313 | -€189,663 | ▼ 834% |
| Change in cash | - | €126,951 | -€125,920 | -€84,800 | ▲ 32.7% |
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
21-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 15-05-2025
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€64,931
Net result drops to -€64,931, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €200,000Eq €210,309 ▲13%
3 profitable years in a row build equity to €210,309.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €135,670 ▲566%
Operating result €191,637, net result €135,670, both a record.
31-12
Financial
Equity above €150,000Eq €186,043 ▲269%
2 profitable years in a row build equity to €186,043.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 2019
Ground area
3,155 m²
Building footprint
2,850 m²
Volume, LiDAR
17,359 m³
Parcel 11807G0367/00P007, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Unit 14
since 20192.291.831.074
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0367/00P007 | Flanders | 3,155 m² | 1 · 2,850 m² | 13.3 m · 3 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 | THOMAS DEBAENE KONINKLIJKE LAAN 60,
2600 BERCHEM (ANTWERPEN) |
15-05-2025 → present |
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 10,738 EUR awarded · 10,738 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 9,239 EUR | 9,239 EUR |
| 2023 | 1 | 239 EUR | 1,499 EUR |
| 2022 | 1 | 1,260 EUR | 0 EUR |
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Of 445 companies in sector 31001 we hold annual accounts for 208. 152 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
Founded01-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
31001Manufacture of furniture
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
31009Manufacture of furniture
Contact
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.