ZENDO
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 Brussels
- Declared bankrupt
- 25 March 2025
- Supervising judge
- Wouter Delcourt
- Official Gazette
- 04-04-2025 (pdf) ↗search the document for 2025/114306
Deadlines
- Provisional date payments stopped
- 25 March 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 19 April 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 24 April 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 30 April 2025Goods 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 25 March 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Toon ProostVictor Nonnemanstraat 15 B, 1600 Sint-Pieters-Leeuwtoon.proost@noma.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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Overview
Activity
Wholesale of beverages, general range
NACE 46349
1 site
Size
€129,510total assets 2022
- Equity
- €50,294
- Loss
- -€31,310
Financial health
Open bankruptcy: no score
Structure
Accounts 798 days overdue0 of 12 deeds read
Signals- Open bankruptcy- Administrative warnings in the KBO publicationsFiled after the deadlineShow the evidence
Signals
Three signals.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-10-2023, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2023
not filed
2022
67 days late
2021
78 days late
2020
423 days late
2019
63 days late
2018
29 days early
2017
50 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 92 days after the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
- OpeningOndernemingsrechtbank Brussel · event 25-03-2025
- Address struckLouizalaan 523 1050 L’adresse du…
- Annual accounts filedfiscal year 2022 · micro…
Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€31,310▲ 11.3%
2021 · -€35,289
Working capital
-€32,087▼ 35.9%
2021 · -€23,607
Trend over the years
2018 to 2022, 5 fiscal years 2018 to 2022, 5 fiscal years
The operating result stays negative: a loss of €31,244 in 2022 against €35,231 in 2021; the loss shrinks.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result-€31,244
2022
Net result-€31,310
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€129,510
2022
Equity€50,294
2022
Debt€79,216
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€32,087
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-24.2%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency38.8%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.59
2022
Point at or tap 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 46, Wholesale trade, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€26,118--€21,601▲ 17.3%-€24,924▼ 15.4%-€35,231▼ 41.4%-€31,244▲ 11.3%
Net result-€26,158--€21,693▲ 17.1%-€24,621below the sector's middle half▼ 13.5%-€35,289below the sector's middle half▼ 43.3%-€31,310below the sector's middle half▲ 11.3%
Equity€163,207-€141,514▼ 13.3%€116,893within the sector's middle half▼ 17.4%€81,604within the sector's middle half▼ 30.2%€50,294within the sector's middle half▼ 38.4%
Total assets€189,756-€141,764▼ 25.3%€117,859within the sector's middle half▼ 16.9%€118,116within the sector's middle half▲ 0.2%€129,510within the sector's middle half▲ 9.6%
Debt€26,549-€250▼ 99.1%€965▲ 286%€36,512▲ 3,682%€79,216▲ 117%
Working capital€26,046-€1,845▼ 92.9%€943within the sector's middle half▼ 48.9%-€23,607below the sector's middle half-€32,087below the sector's middle half▼ 35.9%
Solvency86.0%-99.8%▲ 13.8pp99.2%above the sector's middle half▼ 0.6pp69.1%above the sector's middle half▼ 30.1pp38.8%within the sector's middle half▼ 30.3pp
Current ratio48.14-8.38▼ 39.761.98within the sector's middle half▼ 6.400.35below the sector's middle half▼ 1.620.59below the sector's middle half▲ 0.24
Return on assets (ROA)-13.8%--15.3%▼ 1.5pp-20.9%below the sector's middle half▼ 5.6pp-29.9%below the sector's middle half▼ 9.0pp-24.2%below the sector's middle half▲ 5.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €129,510
Fixed assets
€82,381 ▼ 21.7%
Current assets
€47,130 ▲ 265%
Equity and liabilities €129,510
Equity
€50,294 ▼ 38.4%
Debt
€79,216 ▲ 117%
Debt's share of the balance-sheet total rises from 30.9% to 61.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€8,064▲
2021 · -€11,176
Cash flow
-€8,130▲
2021 · -€11,234
Quick ratio
0.01▼
2021 · 0.15
Debt to equity
1.58▲
2021 · 0.45
ROE
-62.3%▼
2021 · -43.2%
Interest coverage
-121.96▲
2021 · -192.75
Debt ≤ 1 year
€79,216▲
2021 · €36,512
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,488 | €23,488 | €23,488 | €24,056 | €23,180 | ▼ 3.6% |
| Other operating charges640/8 | - | - | €584 | €2,000 | - | - |
| Non-recurring operating charges66A | - | - | €230 | - | - | - |
| Gross operating margin9900 | €11,664 | €1,887 | -€622 | -€9,176 | -€8,064 | ▲ 12.1% |
| Operating profit (loss)9901 | -€26,118 | -€21,601 | -€24,924 | -€35,231 | -€31,244 | ▲ 11.3% |
| Financial income75/76B | - | - | €310 | - | - | - |
| Recurring financial income75 | €104 | - | €104 | - | - | - |
| Non-recurring financial income76B | - | - | €207 | - | - | - |
| Financial charges65/66B | - | - | €7 | €58 | €66 | ▲ 14.0% |
| Recurring financial charges65 | €144 | €91 | €7 | €58 | €66 | ▲ 14.0% |
| Profit (loss) for the period before taxes9903 | -€26,158 | -€21,693 | -€24,621 | -€35,289 | -€31,310 | ▲ 11.3% |
| Profit (loss) for the period9904 | -€26,158 | -€21,693 | -€24,621 | -€35,289 | -€31,310 | ▲ 11.3% |
| Profit (loss) for the period to be appropriated9905 | -€26,158 | -€21,693 | -€24,621 | -€35,289 | -€31,310 | ▲ 11.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €189,756 | €141,764 | €117,859 | €118,116 | €129,510 | ▲ 9.6% |
| Fixed assets21/28 | €163,157 | €139,669 | €115,950 | €105,211 | €82,381 | ▼ 21.7% |
| Intangible fixed assets21 | €158,390 | €136,542 | €114,463 | €105,211 | €82,031 | ▼ 22.0% |
| Tangible fixed assets22/27 | €4,767 | €3,127 | €1,487 | - | - | - |
| Plant, machinery and equipment23 | - | - | €1,487 | - | - | - |
| Financial fixed assets28 | - | - | - | - | €350 | - |
| Current assets29/58 | €26,599 | €2,095 | €1,908 | €12,906 | €47,130 | ▲ 265% |
| Stocks and contracts in progress3 | - | - | - | €7,562 | €46,062 | ▲ 509% |
| Stocks30/36 | - | - | - | €7,562 | €46,062 | ▲ 509% |
| Amounts receivable within one year40/41 | €23,859 | €2,014 | €1,730 | €4,526 | €702 | ▼ 84.5% |
| Trade receivables40 | - | - | €1,730 | €1,730 | €551 | ▼ 68.2% |
| Other amounts receivable41 | - | - | - | €2,796 | €151 | ▼ 94.6% |
| Cash at bank and in hand54/58 | €2,586 | €81 | €178 | €126 | €366 | ▲ 191% |
| Deferred charges and accrued income490/1 | - | - | - | €692 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €189,756 | €141,764 | €117,859 | €118,116 | €129,510 | ▲ 9.6% |
| Equity10/15 | €163,207 | €141,514 | €116,893 | €81,604 | €50,294 | ▼ 38.4% |
| Contributions10/11 | €309,912 | €309,912 | €309,912 | €309,912 | €309,912 | = |
| Capital10 | - | - | €309,912 | €309,912 | €309,912 | = |
| Issued capital100 | - | - | €309,912 | €309,912 | €309,912 | = |
| Profit (loss) carried forward14 | -€146,705 | -€168,398 | -€193,019 | -€228,308 | -€259,618 | ▼ 13.7% |
| Amounts payable17/49 | €26,549 | €250 | €965 | €36,512 | €79,216 | ▲ 117% |
| Amounts payable after more than one year17 | €21,175 | - | - | - | - | - |
| Amounts payable within one year42/48 | €553 | €250 | €965 | €36,512 | €79,216 | ▲ 117% |
| Trade debts44 | €553 | €250 | - | €13,569 | €49,474 | ▲ 265% |
| Suppliers440/4 | - | - | - | €13,569 | €49,474 | ▲ 265% |
| Taxes, remuneration and social security45 | - | - | €343 | €2,315 | - | - |
| Taxes450/3 | - | - | €343 | €2,315 | - | - |
| Other amounts payable47/48 | - | - | €622 | €20,628 | €29,742 | ▲ 44.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,158 | -€21,693 | -€24,621 | -€35,289 | -€31,310 | ▲ 11.3% |
| + Depreciation and write-downs630 | €23,488 | €23,488 | €23,488 | €24,056 | €23,180 | ▼ 3.6% |
| Operating cash flow (approximation) | -€2,670 | €1,796 | -€1,132 | -€11,234 | -€8,130 | ▲ 27.6% |
| Investment in fixed assets (approximation) | - | €0 | €230 | -€13,316 | -€350 | ▲ 97.4% |
| Change in cash | - | -€2,505 | €97 | -€53 | €240 | ▲ 556% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 1,580 companies in this sector we hold annual accounts for 995. 608 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Directors
Directors
No directors read yet: 0 of 12 Gazette acts processed. See the function holders in the CBE →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOON PROOST Victor Nonnemanstraat 15 B, 1600 Sint-Pieters-Leeuw |
25-03-2025 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
04-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 25-03-2025
2024
09-08
KBO administration
Address struck
Louizalaan 523 1050 L’adresse du siège Avenue Louise 523 1050 Die Sitzadresse Avenue Louise / Louizalaan
Brussel werd doorgehaald met ingang van Bruxelles · event 27-06-2024
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 423 days late
2021
31-12
Financial
Weakest financial yearnet -€35,289
Net result drops to -€35,289, the lowest in the series.
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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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Register details
Identification
Legal formPublic limited company
Founded20-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
Contact
E-mail
info@cleverwaterdrink.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0598848702
Registered
24-11-2023
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 7 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElseneunit no. 2.240.772.551
Sites & property
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2015
Ground area
3,529 m²
Building footprint
1,878 m²
Volume, LiDAR
44,063 m³
Parcel 21822R0226/00W011, Brussels · tallest building 38.1 m, ±7 floors. Linked by address, not a title deed.
331
companies at this address
See who is registered here
1 establishment unit
Establishment
since 2015unit no. 2.240.772.551
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0226/00W011 | Brussels | 3,529 m² | 1 · 1,878 m² | 38.1 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.