Debts
€8.7m 87% of the balance sheet
After one year 8%Within one year 92%
Of this, €8.1m falls due within a year.
WATZ
Information for creditors
Enterprise Court of Antwerp · Official Gazette of 07-01-2022Opened on 5 January 2022 · moratorium passed on 21 April 2022
Steps, deadlines and articles of law
The procedure
- Track
- Reorganisation by collective agreement
- Docket number
- 20210039
- Moratorium until
- 21 April 2022 (passed, unless a later judgment extended it)
- Delegated judge
- Eric Jonkers
- Official Gazette
- 07-01-2022search the document for 2022/100281
Steps for a creditor
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for. It has to tell you. Dispute a wrong amount in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium. Agree clear payment terms for it.
- The file is in RegSol, where you can read the documents of the procedure.
The judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
Follow
Follow this reorganisation and you are notified of an extension, the court's approval, the closure or a bankruptcy.
This is general information, not legal advice. If in doubt, your lawyer or your accountant can help.
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Lifetime
14 annual accounts with figures on one time axispeak €1.3m (2019)
-not published
lowest -€21,088 (2012)
€477,420▲ 20.3%
peak €1.3m (2021)
€1.3m▲ 54.2%
€8.7m▲ 21.8%
peak 12.4 FTE (2021)
12.4 FTE▲ 5.1%
Owners
99.99%Waarom
Documentsfilings and deeds
14-12-202148 days before the deadline
2021financial year
Turnover from €38.3m to €43.7mEquity from €850,771 to €1.3mDebts from €7.1m to €8.7mCash from €2.1m to €212,207
Key points
from the 2021 annual accounts, the last ones filedFilings
14 annual accounts since 2007
The 2016 accounts came 9 days late. The other nine of the last ten were filed on time.
At the same address
4 companies
The Battlefield came to this address 342 days after the ruling.
No score
Recent changes
4 companies at this address later
VZW IKRAA DEURNE, Sunway-M Group, NextGen Finance and The Battlefield · since 2022
Deed on the end
Gazette deed
Judicial reorganisation opened
Enterprise Court of Antwerp · collective agreement · judgment of 05-01-2022 · Judicial reorganisation
First establishment
Official details
Source: KBO- Status
- In bankruptcyfounded on 03-01-2007
- Legal form
- Private limited company (pre-2019)
- Activity
- Production of electricity from non-renewable sourcesNACE 35110and 3 others
- Establishment unit
- 2.226.519.291since 02-01-2014
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Insights on WATZ
The KBO lists the legal status of WATZ as open bankruptcy, with no start date. The 2021 annual accounts show equity of €1.3m and a net result of €477,420.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WATZ
- What is the company number of WATZ?
- The company number of WATZ is 0886.074.511. The VAT number is the same number with BE in front: BE 0886.074.511.
- What does WATZ do?
- According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
- What is the legal form of WATZ?
- WATZ is a private limited company (pre-2019) (BVBA).
- When was WATZ founded?
- WATZ was founded on 03-01-2007.
- Is WATZ still active?
- A bankruptcy is running. A bankruptcy trustee manages the company.Company details
- How many employees did WATZ have?
- WATZ had an average of 12.4 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of WATZ?
- The turnover of WATZ was €43.7m in financial year 2021, according to the filed annual accounts.
- Is WATZ profitable?
- In financial year 2021, WATZ made a profit of €477,420.
- Where can I find the annual accounts of WATZ?
- WATZ filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2021.
Next steps
Check what to know before you do business with this company.Supplier due diligence See this company's board, registered office and name on a given date.Company as of a date Check whether the registered address is a letterbox address or a business centre.Addresses Check your own customer list for customers at risk.Process a list See how the production of electricity from non-renewable sources sector is doing.Sector figures