VERVAEKE - MATTON
Open bankruptcyAre 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, Kortrijk division
- Declared bankrupt
- 6 July 2022
- Supervising judge
- Pieter De Smet
- Official Gazette
- 13-07-2022 (pdf) ↗search the document for 2022/127304
Deadlines
- Provisional date payments stopped
- 6 July 2022A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 28 July 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 5 August 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 23 August 2022Goods 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 6 July 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Carmen MatthijsOude Ieperstraat 4, 8560 Wevelgemcarmen.matthijs@lysiasadvocaten.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. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-06-2022, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2021
31 d early
2020
31 d late
2019
91 d late
2018
61 d late
2017
32 d early
2016
17 d early
2015
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days after the deadline; the sector median for financial year 2021 is 1 day before the deadline, and 47% 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 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 General electrical installation work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Turnover
€2.1m▲ 9.8%
2018 · €1.9m
EBIT margin
-2.7%▼ 2.7pp
2018 · 0.0%
Net result
-€218,417▼ 30.2%
2020 · -€167,712
Working capital
-€398,283▼ 165%
2020 · -€150,068
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 43, Specialised construction activities, 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€1.9m-€2.1m▲ 9.8%
Operating result-€665--€56,459▼ 8,391%-€125,452▼ 122%-€174,032▼ 38.7%
Net result€2,818--€108,267-€167,712below the sector's middle half▼ 54.9%-€218,417below the sector's middle half▼ 30.2%
EBIT margin0.0%--2.7%▼ 2.7pp
Equity€294,368-€186,101▼ 36.8%€18,389below the sector's middle half▼ 90.1%-€200,028below the sector's middle half
Total assets€694,444-€893,218▲ 28.6%€702,645within the sector's middle half▼ 21.3%€567,068within the sector's middle half▼ 19.3%
Debt€400,076-€707,118▲ 76.7%€684,256▼ 3.2%€763,026▲ 11.5%
Working capital€121,454-€16,860▼ 86.1%-€150,068below the sector's middle half-€398,283below the sector's middle half▼ 165%
Solvency42.4%-20.8%▼ 21.6pp2.6%below the sector's middle half▼ 18.2pp-35.3%below the sector's middle half▼ 37.9pp
Current ratio1.32-1.03▼ 0.290.74below the sector's middle half▼ 0.290.45below the sector's middle half▼ 0.30
Return on assets (ROA)0.4%--12.1%▼ 12.5pp-23.9%below the sector's middle half▼ 11.7pp-38.5%below the sector's middle half▼ 14.6pp
Staff (FTE)13-11▼ 15.4%11above the sector's middle half=11above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €174,032 in 2021 against €125,452 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €567,068
Fixed assets
€246,131 ▼ 9.6%
Current assets
€320,937 ▼ 25.4%
Equity and liabilities
Equity-€200,028
Debt€763,026
Equity is negative: debt (€763,026) exceeds the balance-sheet total (€567,068).
Key figures and ratios
EBITDA
-€144,320▼
2020 · -€92,772
Cash flow
-€188,705▼
2020 · -€135,032
Quick ratio
0.32▼
2020 · 0.62
Interest coverage
-3.21
Debt ≤ 1 year
€719,220▲
2020 · €580,388
Debt > 1 year
€16,666▼
2020 · €103,868
Staff costs
€568,949
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|
| Turnover70 | €1.9m | €2.1m | - | - | - |
| Non-recurring operating income76A | - | - | - | €4,747 | - |
| Remuneration, social security and pensions62 | - | - | - | €568,949 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,433 | €35,617 | €32,680 | €29,713 | ▼ 9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €80 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €4,070 | - |
| Other operating charges640/8 | - | - | - | €7,326 | - |
| Non-recurring operating charges66A | - | - | - | €16,307 | - |
| Gross operating margin9900 | €625,685 | €707,830 | €619,666 | €452,413 | ▼ 27.0% |
| Operating profit (loss)9901 | -€665 | -€56,459 | -€125,452 | -€174,032 | ▼ 38.7% |
| Financial income75/76B | - | - | - | €627 | - |
| Recurring financial income75 | €12,000 | €880 | €909 | €627 | ▼ 31.0% |
| Financial charges65/66B | - | - | - | €45,012 | - |
| Recurring financial charges65 | €7,840 | €50,616 | €43,025 | €45,012 | ▲ 4.6% |
| Profit (loss) for the period before taxes9903 | €3,495 | -€108,292 | -€167,712 | -€218,417 | ▼ 30.2% |
| Income taxes67/77 | €677 | -€25 | - | - | - |
| Profit (loss) for the period9904 | €2,818 | -€108,267 | -€167,712 | -€218,417 | ▼ 30.2% |
| Profit (loss) for the period to be appropriated9905 | €2,818 | -€108,267 | -€167,712 | -€218,417 | ▼ 30.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €694,444 | €893,218 | €702,645 | €567,068 | ▼ 19.3% |
| Fixed assets21/28 | €190,968 | €293,755 | €272,326 | €246,131 | ▼ 9.6% |
| Tangible fixed assets22/27 | €190,758 | €293,544 | €272,115 | €245,920 | ▼ 9.6% |
| Land and buildings22 | - | - | - | €153,000 | - |
| Plant, machinery and equipment23 | - | - | - | €59,750 | - |
| Furniture and vehicles24 | - | - | - | €9,619 | - |
| Leasing and similar rights25 | - | - | - | €23,552 | - |
| Financial fixed assets28 | €211 | €211 | €211 | €211 | = |
| Current assets29/58 | €503,475 | €599,464 | €430,320 | €320,937 | ▼ 25.4% |
| Stocks and contracts in progress3 | €64,947 | €78,941 | €68,311 | €94,235 | ▲ 38.0% |
| Stocks30/36 | - | - | - | €63,235 | - |
| Contracts in progress37 | - | - | - | €31,000 | - |
| Amounts receivable within one year40/41 | €247,637 | €368,057 | €172,440 | €125,668 | ▼ 27.1% |
| Trade receivables40 | - | - | - | €99,975 | - |
| Other amounts receivable41 | - | - | - | €25,692 | - |
| Cash at bank and in hand54/58 | €45,369 | €48,147 | €62,539 | €89,934 | ▲ 43.8% |
| Deferred charges and accrued income490/1 | - | - | - | €11,100 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €694,444 | €893,218 | €702,645 | €567,068 | ▼ 19.3% |
| Equity10/15 | €294,368 | €186,101 | €18,389 | -€200,028 | ▼ 1,188% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €275,768 | €275,768 | €108,056 | €108,056 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Tax-exempt reserves132 | - | - | - | €84,403 | - |
| Distributable reserves133 | - | - | - | €21,792 | - |
| Profit (loss) carried forward14 | -€76,246 | -€108,267 | -€108,267 | -€326,684 | ▼ 202% |
| Provisions and deferred taxes16 | - | - | - | €4,070 | - |
| Provisions for liabilities and charges160/5 | - | - | - | €4,070 | - |
| Other liabilities and charges164/5 | - | - | - | €4,070 | - |
| Amounts payable17/49 | €400,076 | €707,118 | €684,256 | €763,026 | ▲ 11.5% |
| Amounts payable after more than one year17 | €18,054 | €124,514 | €103,868 | €16,666 | ▼ 84.0% |
| Financial debts170/4 | - | - | - | €16,666 | - |
| Amounts payable within one year42/48 | €382,022 | €582,604 | €580,388 | €719,220 | ▲ 23.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €87,102 | - |
| Financial debts43 | - | - | - | €15,770 | - |
| Credit institutions430/8 | - | - | - | €15,770 | - |
| Trade debts44 | €265,041 | €422,236 | €487,944 | €377,002 | ▼ 22.7% |
| Suppliers440/4 | - | - | - | €377,002 | - |
| Taxes, remuneration and social security45 | - | - | - | €224,717 | - |
| Taxes450/3 | - | - | - | €7,417 | - |
| Remuneration and social security454/9 | - | - | - | €217,300 | - |
| Other amounts payable47/48 | - | - | - | €14,628 | - |
| Accrued charges and deferred income492/3 | - | - | - | €27,140 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,818 | -€108,267 | -€167,712 | -€218,417 | ▼ 30.2% |
| + Depreciation and write-downs630 | €21,433 | €35,617 | €32,680 | €29,713 | ▼ 9.1% |
| Operating cash flow (approximation) | €24,251 | -€72,649 | -€135,032 | -€188,705 | ▼ 39.7% |
| Investment in fixed assets (approximation) | - | -€138,404 | -€11,251 | -€3,518 | ▲ 68.7% |
| Change in cash | - | €2,778 | €14,392 | €27,395 | ▲ 90.4% |
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
2022
13-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 06-07-2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
06-05
Judicial reorganisation
Extension
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 03-05-2022
2021
31-12
Financial
Weakest financial yearnet -€218,417
Net result drops to -€218,417, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
2015
16-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 77 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 92 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 1984
Ground area
4,148 m²
Building footprint
1,120 m²
Volume, LiDAR
5,555 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nijverheidslaan 20, 8560 Wevelgem
since 19842.024.955.172
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012A0359/00A000 | Flanders | 3,400 m² | 1 · 1,001 m² | 6.4 m · 2 fl. |
| 34029C0087/00S002 | Flanders | 748 m² | 1 · 119 m² | 8.3 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Carmen MATTHIJS Oude Ieperstraat 4, 8560 Wevelgem |
06-07-2022 → present |
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Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded21-06-1984
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.