WALMAT
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 18 November 2024 · trustees Frederic Kerstenne and Laurent Delwaide · a claim can no longer be filed
Creditor guide for this companyThe procedure
- Court
- Enterprise Court of Liège, Liège division
- Supervising judge
- Beatrice Goffin
- Official Gazette
- 22-11-2024search the document for 2024/145321
Deadlines
- Appeal or third-party opposition until
- passed on 7 December 2024That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 18 December 2024art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 2 January 2025Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 18 November 2025A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustees
- Frederic KerstenneBd D’Avroy, 7C, 4000 Liege 1kerstenne@skynet.be
- Laurent DelwaideRue Des Augustins 16, 4000 Liege 1l.delwaide@avocat.be
Steps for a creditor
- The deadlines to file your claim have passed, including for a late claim. That was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol. The trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
A late claim was possible until a year after the judgment (art. XX.165, Code of Economic Law). That deadline has passed too.
The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
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Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy registered since 21-04-1994
- Activity
- Machining of metals NACE 25530
- Joint committee
- 111 Paritair Comité voor de metaal-, machine- en elektrische bouw · annual accounts 2023
- Establishment unit
- 2.066.710.605 4041 Herstal, since 05-05-1994
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2023
- Gross margin
- €148,191
- ▲ 806%
- Turnover
- ≈ €370,000
- estimated
- Profit
- €11,863
- Equity
- -€27,455
- ▲ 30.2%
- Total assets
- €181,483
- ▼ 14.4%
- Employees on 31-12-2023
- 1
- =
Financials
Financials · financial year 2023, micro format
2023 annual accounts filed 92 days after the deadline Filed on 31 October 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00522402.
Annual accounts 2023 filed on 31-10-2024 PDF all 29 filings
Turnover
≈ €370,000
Estimated: probably between €250,000 and €570,000
Total assets
€181,483▼ 14.4%
2022 · €212,093
Net result
€11,863
2022 · -€96,888
Working capital
-€18,541▲ 76.2%
2022 · -€77,816
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
€26,184
2023
20182023
Net result
€11,863
2023
middle half of the sector
20182023
Equity
-€27,455
▲ 30.2%
2023
lowest quarter of the sector
20182023
Total assets
€181,483
▼ 14.4%
2023
middle half of the sector
20182023
Debt
€208,937
▼ 16.9%
2023
20182023
Working capital
-€18,541
▲ 76.2%
2023
lowest quarter of the sector
20182023
Solvency
-15.1%
▲ 3.4pp
2023
lowest quarter of the sector
20182023
Current ratio
0.90
▲ 0.28
2023
lowest quarter of the sector
20182023
Return on assets (ROA)
6.5%
▲ 52.2pp
2023
middle half of the sector
20182023
Staff (FTE)
1
=
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€66,928-€16,455▼ 75.4%-€56,634-€129,420▼ 129%-€87,927▲ 32.1%€26,184
Net result€48,840-€7,790▼ 84.0%-€65,875below the sector's middle half-€143,452below the sector's middle half▼ 118%-€96,888below the sector's middle half▲ 32.5%€11,863within the sector's middle half
Equity€259,108-€266,898▲ 3.0%€201,023above the sector's middle half▼ 24.7%€57,570within the sector's middle half▼ 71.4%-€39,318below the sector's middle half-€27,455below the sector's middle half▲ 30.2%
Total assets€380,046-€512,944▲ 35.0%€420,502within the sector's middle half▼ 18.0%€273,111within the sector's middle half▼ 35.1%€212,093within the sector's middle half▼ 22.3%€181,483within the sector's middle half▼ 14.4%
Debt€120,939-€246,046▲ 103%€219,479▼ 10.8%€215,540▼ 1.8%€251,411▲ 16.6%€208,937▼ 16.9%
Working capital€239,968-€196,615▼ 18.1%€143,627above the sector's middle half▼ 27.0%€6,734within the sector's middle half▼ 95.3%-€77,816below the sector's middle half-€18,541below the sector's middle half▲ 76.2%
Solvency68.2%-52.0%▼ 16.1pp47.8%within the sector's middle half▼ 4.2pp21.1%within the sector's middle half▼ 26.7pp-18.5%below the sector's middle half▼ 39.6pp-15.1%below the sector's middle half▲ 3.4pp
Current ratio2.98-2.49▼ 0.502.13within the sector's middle half▼ 0.361.05within the sector's middle half▼ 1.080.62below the sector's middle half▼ 0.420.90below the sector's middle half▲ 0.28
Return on assets (ROA)12.9%-1.5%▼ 11.3pp-15.7%below the sector's middle half▼ 17.2pp-52.5%below the sector's middle half▼ 36.9pp-45.7%below the sector's middle half▲ 6.8pp6.5%within the sector's middle half▲ 52.2pp
Staff (FTE)1.2-1▼ 16.7%1within the sector's middle half=1=1=1=
above
within
below
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is a profit of €26,184, after a loss of €87,927 in 2022. It is the highest result since 2019.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €181,483
Fixed assets
€14,925 ▼ 82.3%
Current assets
€166,558 ▲ 30.6%
Equity and liabilities
Equity-€27,455
Debt€208,937
Equity is negative. Debt (€208,937) exceeds the balance-sheet total (€181,483).
Key figures and ratios
EBITDA
€54,860▲
2022 · -€52,131
Cash flow
€40,539▲
2022 · -€61,093
Quick ratio
0.85▲
2022 · 0.57
Interest coverage
3.49▲
2022 · -3.65
Debt ≤ 1 year
€185,099▼
2022 · €205,381
Debt > 1 year
€23,838▼
2022 · €46,031
Income taxes
€158▲
2022 · -€3,573
Staff costs
€60,068▲
2022 · €49,542
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Overdue debts
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Overdue tax debts | €42,570 | €16,736 | €29,080 |
| Overdue social security (RSZ) debts | €23,568 | €30,162 | - |
Source: notes to the 2021 to 2023 annual accounts (statement of debts)
Securities and guarantees
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Mortgages, amount registered | - | €37,160 | - |
| Carrying value of the mortgaged assets | - | €51,188 | - |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €5,770 | - | - |
| Financial fixed assets | - | - | €10,259 |
| Depreciation and write-downs of the year | €34,919 | €35,796 | €28,676 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €78 | €2,839 | €102,114 | ▲ 36× |
| Remuneration, social security and pensions62 | - | - | - | €56,456 | €49,542 | €60,068 | ▲ 21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €919 | €34,641 | €34,641 | €34,919 | €35,796 | €28,676 | ▼ 19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | -€18,348 | - |
| Other operating charges640/8 | - | - | - | €4,870 | €9,362 | €36,122 | ▲ 286% |
| Non-recurring operating charges66A | - | - | - | €151,182 | €9,584 | €15,489 | ▲ 61.6% |
| Gross operating margin9900 | €136,253 | €117,977 | €93,066 | €118,006 | €16,357 | €148,191 | ▲ 806% |
| Operating profit (loss)9901 | €66,928 | €16,455 | -€56,634 | -€129,420 | -€87,927 | €26,184 | - |
| Financial income75/76B | - | - | - | €1,192 | €1,763 | €1,559 | ▼ 11.6% |
| Recurring financial income75 | €4,696 | €2,001 | €1,502 | €1,192 | €1,763 | €1,559 | ▼ 11.6% |
| Financial charges65/66B | - | - | - | €10,320 | €14,297 | €15,722 | ▲ 10.0% |
| Recurring financial charges65 | €8,704 | €10,525 | €10,495 | €10,320 | €14,297 | €15,722 | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €62,920 | €7,930 | -€65,627 | -€138,549 | -€100,461 | €12,021 | - |
| Income taxes67/77 | €14,080 | €140 | €248 | €4,903 | -€3,573 | €158 | - |
| Profit (loss) for the period9904 | €48,840 | €7,790 | -€65,875 | -€143,452 | -€96,888 | €11,863 | - |
| Profit (loss) for the period to be appropriated9905 | €48,840 | €7,790 | -€65,875 | -€143,452 | -€96,888 | €11,863 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €380,046 | €512,944 | €420,502 | €273,111 | €212,093 | €181,483 | ▼ 14.4% |
| Fixed assets21/28 | €19,140 | €184,115 | €149,474 | €120,325 | €84,529 | €14,925 | ▼ 82.3% |
| Tangible fixed assets22/27 | €17,659 | €182,634 | €147,993 | €118,844 | €83,048 | €3,185 | ▼ 96.2% |
| Land and buildings22 | - | - | - | €11,734 | €11,734 | - | - |
| Plant, machinery and equipment23 | - | - | - | €50,024 | €42,163 | €1,967 | ▼ 95.3% |
| Furniture and vehicles24 | - | - | - | €2,042 | €1,630 | €1,217 | ▼ 25.3% |
| Leasing and similar rights25 | - | - | - | €55,044 | €27,522 | - | - |
| Financial fixed assets28 | €1,481 | €1,481 | €1,481 | €1,481 | €1,481 | €11,740 | ▲ 693% |
| Current assets29/58 | €360,907 | €328,829 | €271,028 | €152,786 | €127,564 | €166,558 | ▲ 30.6% |
| Stocks and contracts in progress3 | €12,980 | €11,680 | €11,600 | €12,800 | €10,000 | €10,000 | = |
| Stocks30/36 | - | - | - | €12,800 | €10,000 | €10,000 | = |
| Amounts receivable within one year40/41 | €308,249 | €276,246 | €250,223 | €134,761 | €107,706 | €101,152 | ▼ 6.1% |
| Trade receivables40 | - | - | - | €94,729 | €67,674 | €72,456 | ▲ 7.1% |
| Other amounts receivable41 | - | - | - | €40,032 | €40,032 | €28,696 | ▼ 28.3% |
| Cash at bank and in hand54/58 | €22,394 | €29,878 | €2,669 | €1,303 | €8,130 | €53,089 | ▲ 553% |
| Deferred charges and accrued income490/1 | - | - | - | €3,922 | €1,729 | €2,317 | ▲ 34.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €380,046 | €512,944 | €420,502 | €273,111 | €212,093 | €181,483 | ▼ 14.4% |
| Equity10/15 | €259,108 | €266,898 | €201,023 | €57,570 | -€39,318 | -€27,455 | ▲ 30.2% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €103,439 | €103,439 | €103,439 | €103,439 | €103,439 | €103,439 | = |
| Non-distributable reserves130/1 | - | - | - | €11,093 | €11,093 | - | - |
| Reserves not available under the articles1311 | - | - | - | €11,093 | €11,093 | - | - |
| Distributable reserves133 | - | - | - | €92,346 | €92,346 | €103,439 | ▲ 12.0% |
| Profit (loss) carried forward14 | €137,076 | €144,867 | €78,991 | -€64,461 | -€161,349 | -€149,486 | ▲ 7.4% |
| Amounts payable17/49 | €120,939 | €246,046 | €219,479 | €215,540 | €251,411 | €208,937 | ▼ 16.9% |
| Amounts payable after more than one year17 | - | €113,833 | €92,078 | €69,488 | €46,031 | €23,838 | ▼ 48.2% |
| Financial debts170/4 | - | - | - | €69,488 | €46,031 | €23,838 | ▼ 48.2% |
| Amounts payable within one year42/48 | €120,939 | €132,214 | €127,401 | €146,052 | €205,381 | €185,099 | ▼ 9.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22,590 | €23,497 | €22,232 | ▼ 5.4% |
| Financial debts43 | - | - | - | €18,957 | €26,009 | €21,720 | ▼ 16.5% |
| Credit institutions430/8 | - | - | - | €18,957 | €26,009 | €21,720 | ▼ 16.5% |
| Trade debts44 | - | €1,397 | €8,013 | €22,026 | €69,908 | €68,588 | ▼ 1.9% |
| Suppliers440/4 | - | - | - | €22,026 | €69,908 | €68,588 | ▼ 1.9% |
| Taxes, remuneration and social security45 | - | - | - | €76,512 | €83,008 | €67,800 | ▼ 18.3% |
| Taxes450/3 | - | - | - | €47,456 | €30,797 | €50,664 | ▲ 64.5% |
| Remuneration and social security454/9 | - | - | - | €29,056 | €52,211 | €17,136 | ▼ 67.2% |
| Other amounts payable47/48 | - | - | - | €5,967 | €2,959 | €4,760 | ▲ 60.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,840 | €7,790 | -€65,875 | -€143,452 | -€96,888 | €11,863 | - |
| + Depreciation and write-downs630 | €919 | €34,641 | €34,641 | €34,919 | €35,796 | €28,676 | ▼ 19.9% |
| Operating cash flow (approximation) | €49,759 | €42,432 | -€31,234 | -€108,533 | -€61,093 | €40,539 | - |
| Investment in fixed assets (approximation) | - | -€199,617 | €0 | -€5,770 | €0 | €40,928 | - |
| Change in cash | - | €7,484 | -€27,208 | -€1,366 | €6,827 | €44,959 | ▲ 559% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 31-10-2024 | 2024-00522402 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00358277 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20332863 | |
| 31-12-2020 | micro format | 16-12-2021 | 2021-80400243 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66200278 | |
| 31-12-2018 | micro format | 16-10-2019 | 2019-70800548 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59300134 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-53300573 | |
| 31-12-2015 | full format | 26-08-2016 | 2016-48900262 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-52700310 |
Board & ownership
Directors
Directors
1 director, last change in 2023
LEVAUX Mathieu
Current
Director · appointed in the act of 20-12-2023 · earlier statutory manager, until 20-12-2023 · term without a fixed end · listed in the 2023 annual accounts, filed on 31-10-2024
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Frederic Kerstenne Bd D’Avroy, 7C, 4000 Liege 1 |
18-11-2024 → present |
| Trustee | Laurent Delwaide Rue Des Augustins 16, 4000 Liege 1 |
18-11-2024 → present |
Owners and capital
Capital transactions
Capital over time
- 20-12-2023 Converted to unavailable equity · €18,592
Mandate history
1 person, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LEVAUX Mathieu |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs au prorata, cessions entre vifs onéreuses ou gratuites,volontaires ou forcées,exclusion et…”
Articles of association, deed of 20-12-2023 (in French)
Network & group
WALMAT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of WALMAT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2024
22-11
Bankruptcy
Bankruptcy declared
Enterprise Court of Liège, Liège division · judgment of 18-11-2024
31-10
micro format · 92 days late
2023
31-12
Financial
Back to profitnet €11,863
The net result is €11,863, after 3 loss-making years.
20-12
Gazette deed
Change of role: LEVAUX Mathieu, from statutory manager to directorLegal-form conversion · Capital conversion · Reserve release9 points ▸
Gazette deed
Change of role: LEVAUX Mathieu, from statutory manager to director
Legal-form conversion · Capital conversion · Reserve release9 points ▸
- General meeting, 12-12-2023
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression, compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, LEVAUX Mathieu (statutory manager)
- Director appointment, LEVAUX Mathieu (director)
- Registered office clause, “4041 Vottem Rue des Colombiers,53, assemblée générale” (deed in French)
28-08
micro format · 28 days late
2022
29-08
micro format · 29 days late
2021
31-12
Financial
Weakest financial yearnet -€143,452
The net result drops to -€143,452, the lowest from 2018 to 2023.
16-12
micro format · 138 days late
2020
30-10
micro format · 91 days late
2019
16-10
micro format · 77 days late
2018
31-08
micro format · 31 days late
2017
29-08
micro format · 29 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Opening faillissement
- Last annual accounts
- financial year to 31 December 2023
- Legal form
- Private limited company
- Active since
- 21 April 1994
Register details
Identity
Name
WALMAT in French
Enterprise number
0452.524.596
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-12-2023 (in French)Registered office and establishments
Registered office
Rue des Colombiers 53, 4041 Herstal, Belgium
Establishment unit
WALMAT, Rue des Colombiers 53, 4041 Herstal since 05-05-1994 · unit number 2.066.710.6053312003 Repair and maintenance of machinery
Activities
NACEBEL 202525530
Machining of metals main activity
Codes under NACEBEL 2008
25620
Manufacture of fabricated metal products, except machinery and equipment main activity
Codes under NACEBEL 2003
28520
main activity
Joint committee
111 Paritair Comité voor de metaal-, machine- en elektrische bouw annual accounts 2023
PurposeThe purpose describes the activities the company may carry out under its articles.
“Le décoltage,le fraisage,le tournage,l’ajustage et plus généralement toutes les activités reprises au sein d'un atelier de mécanique…”
deed of 20-12-2023 (in French)Invoicing and payment
VAT number
BE 0452.524.596
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of June at 17:00
deed of 20-12-2023 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
925 m²
Building footprint
116 m²
Building volume
1,040 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62112A0750/00Y003 | Wallonia | 925 m² | 1 · 116 m² | 5.1 m · 1 |