The Enterprise Court has ordered WannaWork, a company of Sihame El Kaouakibi, to pay the trustee of Point Urbain more than half a million euros. WannaWork is also threatened with bankruptcy.
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It seems that with WannaWork (WW) another company of Sihame El Kaouakibi will be in trouble. The Commercial Court in Antwerp ruled on Thursday that the claim of the bankruptcy trustee of Point Urbain, another company of El Kaouakibi, is well-founded. WannaWork was ordered to pay the curator 510,000 euros. ‘On the basis of an outstanding current account’, says press judge Frank Vennekens.
Curator Philippe Termote, who was appointed in the bankruptcy of Point Urbain, had claimed that money from WannaWork because he thought it belonged to the current account. This included a sum of 475,000 euros that Point Urbain had collected from various industrialists to set up WW. The court has now ruled that Termote is right. The money can thus be used to settle Point Urbain’s debts.
Bankruptcy
Thursday’s ruling will undeniably affect the claim for bankruptcy of WW, a claim that was also filed by bankruptcy trustee Termote. The case concerning that claim will be heard before the Commercial Court on Thursday 24 June.
WannaWork was founded at the time by Sihame El Kaouakibi and her partner to help underprivileged young people find work. In the meantime, WW was sold to the Copus Group, which includes recruiting companies such as Seal and Vivaldis. Over several years, Copus would pay a total of 1.5 million euros for unemployment benefits. ‘A first tranche of 100,000 euros was immediately funneled away to the personal companies of El Kaouakibi and her partner,’ says curator Termote. That is what the provisional administrator says. ‘I notice that WW is an empty box, everything has been sold. The moment money comes in, it immediately goes back to the directors.’
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