Aviation companies, other real estate companies, a flight school, his company EDPnet (since bought by Proximus)… and then nothing. Former owner of twenty companies in Belgium and abroad, Philip Deutz, 57, from Saint-Nicolas, in East Flanders, was an entrepreneur at the head of an empire worth 50 million euros. Today, he finds himself at the CPAS and has returned to live with his parents with his children aged 10 and 13. “If I do the math, I lost 50 million euros in just six months. No effort was made to save my businesses,” he declared to our colleagues at HLN.
In question? “An administrator paid himself 20,000 euros per month with my money,” he swears. The Ghent public prosecutor’s office has opened an investigation, according to information from HLN. “They took away my life’s work. I can’t say it any other way. I invested everything in it and almost never paid myself. My pension was in my companies. And suddenly everything disappeared. In just six months, everything was demolished and there was nothing left,” adds Philip.
In the summer of 2022, KBC bank cancels its loans: the company court is seized, an administrator must be appointed. A decision taken, according to him, because of an investigation opened against a member of the board of directors of EDPnet for human trafficking and prostitution.
The new administrator declared himself bankrupt. Consequence: five of his companies sank, “less than a week later”. And that’s not all, Philip tells HLN: “They then looked at what my companies owed to each other. EDPnet, for example, had a 10-year loan to repay to my real estate company. The latter could easily reimburse it, but what did the administrator do? He decided to stop paying the rent and the long-term loan was suddenly called. This is how a company quickly goes bankrupt. »
He accuses the president of the Dendermonde Companies Court, Guido De Croock, of being at the origin of his professional, but also personal, downfall. Today, he finds himself at the CPAS: “At one point, I had to contact the CPAS out of poverty. My youngest daughter is diabetic and has to take certain medications. I asked the administrators if I could buy her medication, which was a ridiculous amount of money. This was refused to me. »
Philip has filed a complaint, an investigation is underway.
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