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XVL PROJECT

Inactive
KBO/BCE: BE 0471.531.054

XVL PROJECT was declared bankrupt on 04-12-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 08-04-2025, published in the Belgian State Gazette on 16-04-2025.

Summary

Inactive; last annual accounts for fiscal year 2022.

XVL PROJECTInactive

Are you a creditor?

Judicial reorganisation Source: Belgian Official Gazette

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

The procedure

Court
French-language Enterprise Court of Brussels
Opened
5 April 2023
Track
Reorganisation by collective agreement
Docket number
20230024
Moratorium until
27 September 2023 (passed; an extension would be in a later judgment)
Creditors' vote
13 September 2023
Delegated judge
Michel Gustot
Official Gazette
31-05-2023 (pdf) ↗search the document for 2023/120927

What to do now

  1. Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
  2. Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
  3. 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.
  4. What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
  5. The file is in RegSol, where you can read the documents of the procedure.

Deadlines: 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.

View the file in RegSol ↗ Watch Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.

General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company

Overview

Activity
Activity not known
Size
€777,576total assets 2022
Staff
8.3 FTE
Equity
-€654,927
Loss
-€414,179
Financial health
Inactive: no score
Structure
Accounts 794 d overdue0 of 11 deeds read
Signals- In judicial reorganisation- Two or more financial years not filedLatest accounts filed on timeShow the evidence

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · In judicial reorganisation
Ongoing procedure under court protection (Book XX WER). The company is restructuring.
Belgian State Gazette
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2023 close31-07-2024 deadline03-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-06-2023, 34 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2022
34 d early
2021
4 d early
2020
181 d late
2019
66 d early
2018
27 d late
2017
7 d late
2016
23 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 19 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Bankruptcy closure (by liquidation)Tribunal de l’entreprise francophone de…
  2. OpeningTribunal de l’entreprise francophone de…
  3. Annual accounts filedfiscal year 2022 · full…

Key points

  • Risk: In judicial reorganisationcreditors: see the procedure below 05-04-2023 View
  • Caution: Equity fell in 2022from -€240,748 to -€654,927 ▼ 172% View
  • Total assets 20225 fiscal years filed €777,576 View

By topic

Financials

Fiscal year
2022
Total assets
€777,576
Loss
-€414,179
Solvency
-84.2%
Total assets▼ 28.7%
Net result
20182022
Go to Financials

Timeline

Events
15
Since
2014
  1. 16-04-2025Bankruptcy closure (by liquidation)
  2. 11-12-2023Opening
  3. 27-06-2023Annual accounts filed
Go to Timeline

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