Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
BelGaN Group from Oudenaarde, company number BE0775309320, closed financial year 2023 with a result of € -45.8 million after tax. For that financial year BelGaN Group recorded revenue of € 112,857 and equity of € -4.3 million. Compared with financial year 2022, the result moved from € -122,606 to € -45.8 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 23, 2024.
€ -4.3 million
▼ € 45.3 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -45.8 million
▼ 37260 % more loss than in 2022
Profit after tax over the fiscal year.
€ 289,574
▼ 88% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -45.9 million.
People and assets in 2023
1.5
Average over the fiscal year, from the social balance sheet.
€ 25,595
€ 17,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2023
€ 2.7 million
Loans from banks and other lenders, long and short.
€ 496,871
▼ 25% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 475 days on average.
€ 72,196
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|
| Revenue | € 616,344 | € 112,857 | ▼ 82% |
| Profit after taxes | € -122,606 | € -45,805,987 | ▼ € 45.7 million |
| Equity | € 40,935,199 | € -4,346,633 | ▼ € 45.3 million |
| Total debts | € 743,071 | € 5,126,622 | ▲ € 4.4 million |
| Cash | € 2,456,939 | € 289,574 | ▼ 88% |
| Retained profit | € -122,606 | € -45,928,593 | ▼ € 45.8 million |
| Bank debt | € 0 | € 2,714,932 | |
| Balance sheet total | € 41,678,270 | € 779,989 | ▼ 98% |
| Employees (FTE) | - | 1.5 |
Key figures of BelGaN Group, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to BelGaN Group?
What happened at BelGaN Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
BelGaN Group is active according to the CBE. Legal situation: Opening faillissement.
- Youjun Bu stepped down as director. NBB
- Romain Ming-Tchu Buchs stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 45.8 million. filed late Source: NBB ↗
- Youjun Bu became a director. NBB
- Romain Ming-Tchu Buchs became a director. NBB
- Matthew Lim Yew Chuang became a director. NBB
- New establishment in Oudenaarde. KBO
- Zhou Zhen Hong became a director. NBB
In short
From € 122,606 loss in 2022 to € 45.8 million loss in 2023.
Management
Behind BelGaN Group are Zhou Zhen Hong, Robert James Rickman and Matthew Lim Yew Chuang. It owns 100% of BelGaN itself.
Directors
According to the 2023 annual accounts
Zhou Zhen Hong
Director
since 2021
Robert James Rickman
Director
since 2021
Matthew Lim Yew Chuang
Director
since 2022
Youjun Bu
Director
since 2023 · until 2028
Romain Ming-Tchu Buchs
Director
since 2023 · until 2028
Establishments
Establishment units
Physical locations of this company
Westerring 15
9700 Oudenaarde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0775.309.320
- VAT number
- BE 0775.309.320
- Registered office
- Westerring 15, 9700 Oudenaarde
- Names & denominations
- BelGaN Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 5 October 2021
- Peppol
- Not registered
- Activities · NACE
Activiteiten van holdings
Holdings
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