Active BE 0474.280.807Private limited companyOpen bankruptcy

B2B

· 25 yrs active

Sector: Wholesale trade (46500)

Conclusion Checked

A bankruptcy procedure is open for B2B according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2022 annual accounts show negative equity (€-454k) and a net result of €-251k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-454k
Net result	€-251k
Staff (FTE)	19.4
Better than sector	7%

Snowflake analysis 5 of 5 axes measured · computed by Checked

37 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 51

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

70 / 100

Severe risk

Components

· 2 judicial reorganisations (+20)

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2022 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 27-07-2023 with the NBB · fiscal year 2022 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-32.1%	26.4%	better than 7% of 780 sector peers
Net result	€-251k	€32k	better than 5% of 782 sector peers
Equity	€-454k	€188k	better than 5% of 782 sector peers
Gross operating margin	€588k	€206k	better than 77% of 781 sector peers
Staff costs	€774k	€161k	higher than 89% of 507 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-192k

- far below sector median

Net profit

€-251k

- far below sector median

Cash flow

€-235k

- far below sector median

Total assets

€1.41M

+15.4% far above sector median

Equity

€-454k

-124.0% far below sector median

Working capital

€319k

-17.6% far above sector median

Employees (FTE)

19

+23.6% far above sector median

Staff costs

€774k

+33.8% +107% vs sector

Income taxes

€11k

-43.1% far above sector median

Debt

€1.87M

+30.8% far above sector median

Debt ≤ 1y

€1.04M

+28.6% far above sector median

Debt > 1y

€832k

+34.2% 18-22

Current ratio

1.31

-11.7% -24% vs sector

Quick ratio

1.31

-11.7% -24% vs sector

Solvency

-32.1%

-94.2% far below sector median

Debt / equity

-4.12

+41.6% far below sector median

ROE

55.4%

- far above sector median

ROA

-17.8%

- far below sector median

Interest coverage

-5.45

- -149% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	-
EBITDA	€-192k
Net profit	€-251k
Cash flow	€-235k
Staff costs	€774k
Income taxes	€11k
Dividends	-
Total assets	€1.41M
Equity	€-454k
Debt	€1.87M
of which ≤ 1y	€1.04M
of which > 1y	€832k
Working capital	€319k
Employees (FTE)	19.4

Ratios (computed)

	2022
Current ratio	1.31
Quick ratio	1.31
Working capital ratio	22.6%
Solvency	-32.1%
Debt / equity	-4.12
Long-term debt ratio	-1.83
Interest coverage	-5.45
Gross margin	-
Net margin	-
ROA	-17.8%
ROE	55.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €59k · 4.2% Current assets €1.36M · 95.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.41M
Fixed assets	21/28	€59k
Intangible fixed assets	21	€16k
Tangible fixed assets	22/27	€27k
Financial fixed assets	28	€16k
Current assets	29/58	€1.36M
Amounts receivable within one year	40/41	€368k
Cash & bank	54/58	€59k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.41M
Equity	10/15	€-454k
Contributions / capital	10/11	€74k
Reserves	13	€23k
Accumulated profits (losses)	14	€-551k
Amounts payable	17/49	€1.87M
Amounts payable after one year	17	€832k
Amounts payable within one year	42/48	€1.04M
Trade debts payable within one year	44	€359k
Income statement
Gross operating margin	9900	€588k
Operating result	9901	€-208k
Financial income	75	€3k
Financial charges	65	€35k
Result before taxes	9903	€-241k
Income taxes	67/77	€11k
Net result for the period	9904	€-251k
Result to be appropriated	9905	€-251k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates3 persons

Role	Name	Tenure	Source
Curator	TOM ARTS JAARBEURSLAAN 19/31, 3600 GENK-	21-11-2024 → present	Belgian State Gazette
Curator	GEERT RENIERS JAARBEURSLAAN 19/31, 3600 GENK ↔ Also on 129 other cases	21-11-2024 → present	Belgian State Gazette
Curator	ILONA LO GIUDICE JAAR- BEURSLAAN 19/31, 3600 GENK	21-11-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Wholesale trade(46500)
Legal form	Private limited company(610)
Incorporation	07-03-2001
Status	Active
Postal code	-
First BS signal	05-09-2023
Latest BS signal	27-11-2024

Company structure, linked entities3 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

Establishment

Ontwerpen van publicitaire teksten en slogans (copywriters)

since 20012.131.396.935

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71328D0376/00F000	Flanders	1,389 m²	1 · 471 m²	18.2 m · 6 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

27-11-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · B2B BV ILGATLAAN 9, 3500 HASSELT · event 21-11-2024

10-01-2024

Judicial reorganisation Plan homologation

Ondernemingsrechtbank Antwerpen · 20230023 · event 22-12-2023

2023

05-09-2023

Judicial reorganisation Opening

Ondernemingsrechtbank Antwerpen · collectif · event 30-08-2023

27-07-2023