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NOVALON

Open bankruptcy
Public limited companyfounded 2005Rue Saint-Georges 5, 4000 Liège, BelgiumKBO/BCE: BE 0877.126.557
Summary

A bankruptcy procedure is open for NOVALON according to publications in the Belgian Official Gazette. The file additionally contains 2 judicial reorganisation notices. The 2022 annual accounts show equity of €9.2m and a net result of -€28.1m.

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NOVALONOpen bankruptcy
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Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
Enterprise Court of Liège, Liège division
Declared bankrupt
25 July 2024
Supervising judge
Alexis Palm, Christian De Maeseneire
Official Gazette
31-07-2024 (pdf) ↗search the document for 2024/131183

Deadlines

Appeal or third-party opposition until
passed on 15 August 2024Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 24 August 2024art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 5 September 2024Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
passed on 25 July 2025A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustees

  • Yves GodfroidRue Des Augustins 32, 4000 Liege 1yves.godfroid@henry-mersch.be
  • Francois MinonRue Des Augustins 32, 4000 Liege 1- mersch.be

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

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

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Overview

Activity
Manufacture of basic pharmaceutical products and pharmaceutical preparations
NACE 21209
2 sites
Size
€14.2mturnover 2022
Staff
5 FTE
Equity
€9.2m
Loss
-€28.1m
Financial health
Open bankruptcy: no score
Structure
Parent
Mithra Pharmaceuticals · 99%
  • ALIUS MODIDirector · permanent representative Valérie Gordenne
  • C2M4E SRLDirector · permanent representative Jacques Platieau
  • C2M4E SRLDirector
7 of 28 deeds summarised
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
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 24-07-2023, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2022
7 days early
2021
6 days early
2020
5 days early
2019
18 days early
2018
33 days early
2017
27 days early
2016
39 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 19 days before the deadline; the sector median (NACE 21) for financial year 2022 is 13 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Supervising judge replacedEnterprise Court of Liège, Liège…
  2. OpeningEnterprise Court of Liège, Liège…
  3. Resignations: Xavier Paoli (daily management delegate)…Gazette deed

Key points

  • Risk: Declared bankrupttrustee: Yves Godfroid 25-07-2024 View
  • Positive: Turnover rose in 2022from €4.1m to €14.2m ▲ 246% View
  • Controlled by Mithra Pharmaceuticals 99% View
  • Positive: 4 years of growth in a rowturnover 2022: €14.2m 4 years View

By topic

Financials

Financial year
2022
Turnover
€14.2m
Loss
-€28.1m
Solvency
25.2%
Turnover▲ 246%
Net result
20182022
Go to Financials

Board & ownership

Board
3 members
Parent
Mithra Pharmaceuticals · 99%
  • ALIUS MODIDirector
  • C2M4E SRLDirector
  • C2M4E SRLDirector
Go to Board & ownership

Timeline

Events
30
Since
2007
  1. 24-06-2024Extension
  2. 25-04-2024Opening
  3. 03-04-2024Resignation: Bronzet Management Srl (director)
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of basic pharmaceutical products and pharmaceutical preparationsNACE 21209
Founded
03-11-2005
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Key facts about NOVALON

What is the company number of NOVALON?
0877.126.557. In Belgium the VAT number is the company number with BE in front: BE 0877.126.557.
Where was NOVALON based?
The last known address of the registered office is Rue Saint-Georges 5, 4000 Liège.Company details
What does NOVALON do?
According to the KBO register, the main activity is manufacture of basic pharmaceutical products and pharmaceutical preparations (NACE 21209).
What is the legal form of NOVALON?
Public limited company (NV).
When was NOVALON founded?
On 03-11-2005.
Is NOVALON still active?
A bankruptcy is running: a bankruptcy trustee manages the company.
How many employees did NOVALON have?
On average 5 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
What is the turnover of NOVALON?
€14.2m in financial year 2022, according to the filed annual accounts.
Is NOVALON profitable?
In financial year 2022, NOVALON made a loss of €28.1m.
Where can I find the annual accounts of NOVALON?
NOVALON filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2022.

Companies related to NOVALON

Go further with this company

What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a given date before it ended?Company as of a date How is this company connected to another party?Network investigator Which other companies belong to the same group?Mithra Pharmaceuticals · 5 companies Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list

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