VELDEMAN BEDDING
Open bankruptcySummary
A bankruptcy procedure is open for VELDEMAN BEDDING according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisation notices. The 2021 annual accounts show equity of €8.3m and a net result of €8,966.
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, Tongeren division
- Declared bankrupt
- 26 July 2023
- Supervising judge
- Willem Corstjens
- Official Gazette
- 01-08-2023 (pdf) ↗search the document for 2023/130766
Deadlines
- Provisional date payments stopped
- 26 July 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 16 August 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 25 August 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 5 September 2023Goods 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 26 July 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Tom ArtsJaarbeurslaan 19, 3600 Genktom.arts@paqt.be
- Geert ReniersJaarbeurslaan 19, 3600 Genkgeert.reniers@paqt.be
- Ilona Lo GiudiceJaar- Beurslaan 19, 3600 Genkilona.logiudice@paqt.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
Two signals.
+raises risk
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 How is this company connected to another party?Network investigator Which other companies belong to the same group?VELDEMAN GROUP · 7 companies Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list 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 2021, full schema
Turnover
€52.1m▲ 1.4%
2020 · €51.3m
EBIT margin
2.8%▼ 0.3pp
2020 · 3.1%
Net result
€8,966▼ 93.3%
2020 · €132,934
Working capital
-€26.1m▲ 9.3%
2020 · -€28.8m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Turnover€53.7m-€50.4m▼ 6.2%€51.3m▲ 1.8%€52.1m▲ 1.4%
Operating result€1.8m-€1.5m▼ 12.6%€1.6m▲ 3.0%€1.5m▼ 7.1%
Net result€190,170-€37,552▼ 80.3%€132,934within the sector's middle half▲ 254%€8,966within the sector's middle half▼ 93.3%
EBIT margin3.3%-3.1%▼ 0.2pp3.1%=2.8%▼ 0.3pp
Equity€6.7m-€6.7m▲ 0.6%€6.9mabove the sector's middle half▲ 2.0%€8.3mabove the sector's middle half▲ 19.9%
Total assets€53.4m-€51.2m▼ 4.2%€58.2mabove the sector's middle half▲ 13.7%€56.0mabove the sector's middle half▼ 3.8%
Debt€46.6m-€44.3m▼ 4.9%€51.1m▲ 15.4%€47.7m▼ 6.7%
Working capital-€12.2m--€7.1m▲ 41.7%-€28.8mbelow the sector's middle half▼ 305%-€26.1mbelow the sector's middle half▲ 9.3%
Solvency12.6%-13.2%▲ 0.6pp11.8%below the sector's middle half▼ 1.4pp14.7%below the sector's middle half▲ 2.9pp
Current ratio0.54-0.67▲ 0.140.34below the sector's middle half▼ 0.340.36below the sector's middle half▲ 0.03
Return on assets (ROA)0.4%-0.1%▼ 0.3pp0.2%within the sector's middle half▲ 0.2pp0.0%below the sector's middle half▼ 0.2pp
Staff (FTE)203.2-208.9▲ 2.8%198.7above the sector's middle half▼ 4.9%196.8above the sector's middle half▼ 1.0%
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.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 7% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €56.0m
Fixed assets
€41.0m ▼ 5.5%
Current assets
€14.9m ▲ 1.8%
Equity and liabilities €56.0m
Equity
€8.3m ▲ 19.9%
Provisions
€43,157 ▼ 75.7%
Debt
€47.7m ▼ 6.7%
Debt's share of the balance-sheet total falls from 87.9% to 85.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.0m▼
2020 · €3.3m
Cash flow
€1.5m▼
2020 · €1.9m
Quick ratio
0.27▲
2020 · 0.26
Debt to equity
5.78▲
2020 · 1.06
ROE
0.1%▼
2020 · 1.9%
Interest coverage
3.06▼
2020 · 4.46
Debt ≤ 1 year
€41.0m▼
2020 · €43.4m
Debt > 1 year
€6.6m▼
2020 · €7.3m
Income taxes
€15,064▼
2020 · €87,329
Staff costs
€9.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €55.4m | - |
| Turnover70 | €53.7m | €50.4m | €51.3m | €52.1m | ▲ 1.4% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €60,455 | - |
| Own construction capitalised72 | - | - | - | €371,718 | - |
| Other operating income74 | - | - | - | €2.7m | - |
| Non-recurring operating income76A | - | - | - | €184,196 | - |
| Operating charges60/66A | - | - | - | €53.9m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €31.8m | - |
| Purchases600/8 | - | - | - | €32.1m | - |
| Change in stocks: decrease (increase)609 | - | - | - | -€219,643 | - |
| Services and other goods61 | - | - | - | €11.0m | - |
| Remuneration, social security and pensions62 | - | - | - | €9.1m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.6m | €1.8m | €1.7m | €1.5m | ▼ 14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€3,256 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€5,529 | - |
| Other operating charges640/8 | - | - | - | €117,543 | - |
| Non-recurring operating charges66A | - | - | - | €279,403 | - |
| Operating profit (loss)9901 | €1.8m | €1.5m | €1.6m | €1.5m | ▼ 7.1% |
| Financial income75/76B | - | - | - | €1.0m | - |
| Recurring financial income75 | €697,475 | €754,673 | €763,955 | €1.0m | ▲ 35.0% |
| Income from financial fixed assets750 | - | - | - | €939,753 | - |
| Income from current assets751 | - | - | - | €48,152 | - |
| Other financial income752/9 | - | - | - | €43,100 | - |
| Financial charges65/66B | - | - | - | €2.5m | - |
| Recurring financial charges65 | €2.2m | €2.3m | €2.1m | €2.5m | ▲ 16.4% |
| Debt charges650 | €709,836 | €852,914 | €748,782 | €972,198 | ▲ 29.8% |
| Other financial charges652/9 | - | - | - | €1.5m | - |
| Profit (loss) for the period before taxes9903 | €265,213 | €47,480 | €217,619 | €20,759 | ▼ 90.5% |
| Transfer from deferred taxes780 | - | - | - | €3,272 | - |
| Income taxes67/77 | €25,971 | €9,928 | €87,329 | €15,064 | ▼ 82.7% |
| Taxes670/3 | - | - | - | €15,064 | - |
| Profit (loss) for the period9904 | €190,170 | €37,552 | €132,934 | €8,966 | ▼ 93.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €9,815 | - |
| Profit (loss) for the period to be appropriated9905 | €42,952 | €37,552 | €140,868 | €18,781 | ▼ 86.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €53.4m | €51.2m | €58.2m | €56.0m | ▼ 3.8% |
| Formation expenses20 | - | - | €109,173 | €38,230 | ▼ 65.0% |
| Fixed assets21/28 | €39.1m | €36.4m | €43.4m | €41.0m | ▼ 5.5% |
| Intangible fixed assets21 | €3.0m | €2.7m | €1.9m | €1.4m | ▼ 25.1% |
| Tangible fixed assets22/27 | €3.0m | €2.9m | €2.7m | €3.9m | ▲ 43.7% |
| Land and buildings22 | - | - | - | €943,550 | - |
| Plant, machinery and equipment23 | - | - | - | €2.5m | - |
| Furniture and vehicles24 | - | - | - | €124,093 | - |
| Leasing and similar rights25 | - | - | - | €298,147 | - |
| Financial fixed assets28 | €33.2m | €30.8m | €38.8m | €35.7m | ▼ 8.0% |
| Affiliated companies280/1 | - | - | - | €35.7m | - |
| Participating interests280 | - | - | - | €10.4m | - |
| Amounts receivable281 | - | - | - | €25.3m | - |
| Other financial fixed assets284/8 | - | - | - | €35,472 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €35,472 | - |
| Current assets29/58 | €14.3m | €14.8m | €14.7m | €14.9m | ▲ 1.8% |
| Stocks and contracts in progress3 | €3.2m | €2.9m | €3.5m | €3.8m | ▲ 8.0% |
| Stocks30/36 | - | - | - | €3.8m | - |
| Raw materials and consumables30/31 | - | - | - | €3.2m | - |
| Work in progress32 | - | - | - | €44,571 | - |
| Finished goods33 | - | - | - | €368,222 | - |
| Goods purchased for resale34 | - | - | - | €206,082 | - |
| Amounts receivable within one year40/41 | €9.8m | €10.2m | €9.0m | €9.8m | ▲ 8.0% |
| Trade receivables40 | - | - | - | €8.9m | - |
| Other amounts receivable41 | - | - | - | €823,666 | - |
| Cash at bank and in hand54/58 | €577,290 | €976,590 | €1.6m | €669,915 | ▼ 59.1% |
| Deferred charges and accrued income490/1 | - | - | - | €685,128 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €53.4m | €51.2m | €58.2m | €56.0m | ▼ 3.8% |
| Equity10/15 | €6.7m | €6.7m | €6.9m | €8.3m | ▲ 19.9% |
| Contributions10/11 | €6.2m | €6.2m | €6.2m | €6.2m | = |
| Capital10 | - | - | - | €6.2m | - |
| Issued capital100 | - | - | - | €6.2m | - |
| Revaluation surpluses12 | - | - | - | €1.4m | - |
| Reserves13 | €560,993 | €598,544 | €731,478 | €740,445 | ▲ 1.2% |
| Non-distributable reserves130/1 | - | - | - | €125,351 | - |
| Legal reserve130 | - | - | - | €125,351 | - |
| Tax-exempt reserves132 | - | - | - | €196,050 | - |
| Distributable reserves133 | - | - | - | €419,043 | - |
| Provisions and deferred taxes16 | €117,768 | €107,636 | €177,334 | €43,157 | ▼ 75.7% |
| Deferred taxes168 | - | - | - | €43,157 | - |
| Amounts payable17/49 | €46.6m | €44.3m | €51.1m | €47.7m | ▼ 6.7% |
| Amounts payable after more than one year17 | €19.9m | €22.2m | €7.3m | €6.6m | ▼ 9.3% |
| Financial debts170/4 | - | - | - | €6.6m | - |
| Leasing and similar obligations172 | - | - | - | €75,934 | - |
| Other loans174 | - | - | - | €6.5m | - |
| Amounts payable within one year42/48 | €26.5m | €21.9m | €43.4m | €41.0m | ▼ 5.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21.5m | - |
| Financial debts43 | - | - | - | €5.1m | - |
| Credit institutions430/8 | - | - | - | €5.1m | - |
| Trade debts44 | €15.8m | €14.4m | €14.0m | €13.1m | ▼ 6.5% |
| Suppliers440/4 | - | - | - | €12.9m | - |
| Bills of exchange payable441 | - | - | - | €187,023 | - |
| Taxes, remuneration and social security45 | - | - | - | €1.3m | - |
| Taxes450/3 | - | - | - | €165,592 | - |
| Remuneration and social security454/9 | - | - | - | €1.1m | - |
| Other amounts payable47/48 | - | - | - | €29,547 | - |
| Accrued charges and deferred income492/3 | - | - | - | €107,437 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €190,170 | €37,552 | €132,934 | €8,966 | ▼ 93.3% |
| + Depreciation and write-downs630 | €1.6m | €1.8m | €1.7m | €1.5m | ▼ 14.1% |
| Operating cash flow (approximation) | €1.8m | €1.8m | €1.9m | €1.5m | ▼ 19.7% |
| Investment in fixed assets (approximation) | - | €944,365 | -€8.7m | €875,209 | ▲ 110% |
| Change in cash | - | €399,299 | €662,257 | -€968,932 | ▼ 246% |
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
2024
12-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2023
22-08
State Gazette act
General meeting · Director reappointment
Permanent representative
01-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 26-07-2023
24-07
Judicial reorganisation
Reorganisation ended early
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 17-07-2023
08-03
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · amicable agreement · event 28-02-2023
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 201 days late
2021
31-12
Financial
Weakest financial yearnet €8,966 ▼93.3%
Net result drops to €8,966, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-12
State Gazette act
General meeting · Director reappointment
Permanent representative
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Show earlier events
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 60 days late
2014
24-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Oudsbergen · 2 establishment units since 1989
Ground area
7.1 ha
Building footprint
2.8 ha
Volume, LiDAR
138,438 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
VELDEMAN BEDDING
since 19892.042.883.346
Veldeman Bedding NV
since 20172.274.024.151
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0913/00A005 | Flanders | 4.8 ha | 1 · 2.7 ha | 8.1 m · 2 fl. |
| 71562B0913/00K009 | Flanders | 2.3 ha | 1 · 505 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | TOM ARTS JAARBEURSLAAN 19, 3600 GENK- |
26-07-2023 → present |
| Curator | GEERT RENIERS JAARBEURSLAAN 19,
3600 GENK |
26-07-2023 → present |
| Curator | ILONA LO GIUDICE JAAR-
BEURSLAAN 19, 3600 GENK |
26-07-2023 → present |
Structure & network
Part of the group
VELDEMAN GROUP
7 companies
Group, risk and exposure
Owners and holdings
1 owner · 4 holdingsChain of control
- VELDEMAN GROUP
- PMF FINANCE
- VELDEMAN BEDDING
Highest known parent: VELDEMAN GROUP. The sources do not say who stands above it.
Owners 1
- PMF FINANCEparent99%
Holdings 4
-
100%
-
100%
-
100%
-
50%
According to the 2021 annual accounts of VELDEMAN BEDDING and those 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
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateControl over this companyparent company per the LEI register2
Oudsbergen · LEI lapsed
Oudsbergen · indirect · LEI lapsed
controls
VELDEMAN BEDDINGBE 0436.960.848
Board mandates of this companythis company sits on their board1
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 88,993 EUR awarded · 88,993 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 321 EUR | 321 EUR |
| 2023 | 2 | 38,630 EUR | 38,630 EUR |
| 2022 | 2 | 50,042 EUR | 50,042 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300Q5FR2OZHLU3204
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Of 56 companies in sector 31003 we hold annual accounts for 43. 19 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
31003Manufacture of furniture
31009Manufacture of furniture
46494Wholesale of non-electrical household articles
47551Retail sale of household furniture
74130Interior design
85599Other education
95240Repair and maintenance of furniture and upholstery
Contact
E-mail
koen.berger@pmf-finance.comOudsbergen
Phone
089366608Oudsbergen
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 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.