WSM
Open bankruptcyA bankruptcy procedure is open for WSM according to publications in the Belgian State Gazette; curator: HILDE DE BOEVER.
Summary
Inactive; last annual accounts for fiscal year 2019.
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 Ghent, Ghent division
- Declared bankrupt
- 21 December 2021
- Supervising judge
- Isabelle Van Vooren
- Official Gazette
- 27-12-2021 (pdf) ↗search the document for 2021/146059
Curator
- Hilde De BoeverBrusselsesteenweg 346 C Bus 1, 9090 Mellehdeboever@advocura.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 10-07-2020, 21 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 21 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2019, abbreviated schema
Turnover
€11,024▼ 80.4%
2018 · €56,351
EBIT margin
5.5%▲ 4.8pp
2018 · 0.6%
Net result
-€412▲ 64.0%
2018 · -€1,145
Working capital
€15,721▼ 2.6%
2018 · €16,133
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Turnover€56,351-€11,024▼ 80.4%
Operating result€360-€601▲ 67.2%
Net result-€1,145--€412▲ 64.0%
EBIT margin0.6%-5.5%▲ 4.8pp
Equity€16,133-€15,721▼ 2.6%
Total assets€17,150-€15,745▼ 8.2%
Debt€1,018-€24▼ 97.6%
Working capital€16,133-€15,721▼ 2.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 67% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Equity and liabilities €15,745
Equity
€15,721 ▼ 2.6%
Debt
€24 ▼ 97.6%
Debt's share of the balance-sheet total falls from 5.9% to 0.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€601▼
2018 · €793
Cash flow
-€412▲
2018 · -€711
Debt to equity
0.00=
2018 · 0.00
ROE
-2.6%▲
2018 · -7.1%
ROA
-2.6%▲
2018 · -6.7%
Debt ≤ 1 year
€24▼
2018 · €1,018
Debt > 1 year
€0=
2018 · €0
Income taxes
€344▼
2018 · €1,451
A ratio outside any meaningful range has been withheld (balance sheet total €15,745, equity €15,721).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €56,351 | €11,024 | ▼ 80.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €433 | €0 | ▼ 100% |
| Gross operating margin9900 | €1,976 | €1,191 | ▼ 39.8% |
| Operating profit (loss)9901 | €360 | €601 | ▲ 67.2% |
| Recurring financial income75 | €0 | €0 | - |
| Recurring financial charges65 | €53 | €670 | ▲ 1,160% |
| Profit (loss) for the period before taxes9903 | €306 | -€68 | ▼ 122% |
| Income taxes67/77 | €1,451 | €344 | ▼ 76.3% |
| Profit (loss) for the period9904 | -€1,145 | -€412 | ▲ 64.0% |
| Profit (loss) for the period to be appropriated9905 | -€1,145 | -€412 | ▲ 64.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €17,150 | €15,745 | ▼ 8.2% |
| Formation expenses20 | €0 | €0 | - |
| Fixed assets21/28 | €0 | €0 | - |
| Intangible fixed assets21 | €0 | €0 | - |
| Tangible fixed assets22/27 | €0 | €0 | - |
| Financial fixed assets28 | €0 | €0 | - |
| Current assets29/58 | €17,150 | €15,745 | ▼ 8.2% |
| Stocks and contracts in progress3 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €4,688 | €3,711 | ▼ 20.8% |
| Current investments50/53 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €12,462 | €12,034 | ▼ 3.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €17,150 | €15,745 | ▼ 8.2% |
| Equity10/15 | €16,133 | €15,721 | ▼ 2.6% |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | €7,850 | €7,850 | = |
| Profit (loss) carried forward14 | €2,083 | €1,671 | ▼ 19.8% |
| Provisions and deferred taxes16 | €0 | €0 | - |
| Amounts payable17/49 | €1,018 | €24 | ▼ 97.6% |
| Amounts payable after more than one year17 | €0 | €0 | - |
| Amounts payable within one year42/48 | €1,018 | €24 | ▼ 97.6% |
| Trade debts44 | €1,018 | €24 | ▼ 97.6% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,145 | -€412 | ▲ 64.0% |
| + Depreciation and write-downs630 | €433 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€711 | -€412 | ▲ 42.0% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€429 | - |
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
2021
27-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 21-12-2021
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 38current ratio 644.76
Current ratio from 16.85 to 644.76; short-term debt falls from €1,018 to €24.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
25-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
03-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
07-01
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 160 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | HILDE DE BOEVER BRUSSELSESTEENWEG 346 C BUS 1,
9090 MELLE |
21-12-2021 → present |