BELGIAN CLOTHES COMPANY
Open bankruptcyA bankruptcy procedure is open for BELGIAN CLOTHES COMPANY according to publications in the Belgian State Gazette; curator: Luk DECEUNINCK.
Summary
The 2020 annual accounts show negative equity (€-16k) and a net result of €-21k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 24-08-2021, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2020
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Equity
€-16k
Total assets
€145k
Net result
€-21k
Working capital
€26k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €145k
Fixed assets
€18k
Current assets
€127k
Key figures and ratios
EBITDA
€-18k
Cash flow
€-19k
Solvency
-11.0%
Current ratio
1.26
Quick ratio
0.33
Debt to equity
-3.77
ROA
-14.5%
Debt
€160k
Debt ≤ 1 year
€100k
Debt > 1 year
€60k
Filed annual accounts As filed with the NBB · 2020 · 23 lines
Balance sheet
Code2020
Assets
Total assets20/58€145k
Fixed assets21/28€18k
Tangible fixed assets22/27€12k
Financial fixed assets28€6k
Current assets29/58€127k
Stocks and contracts in progress3€94k
Amounts receivable within one year40/41€32k
Cash at bank and in hand54/58€737
Equity and liabilities
Total equity and liabilities10/49€145k
Equity10/15€-16k
Profit (loss) carried forward14€-21k
Amounts payable17/49€160k
Amounts payable after more than one year17€60k
Amounts payable within one year42/48€100k
Trade debts44€73k
Income statement
Code2020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k
Gross operating margin9900€18k
Operating profit (loss)9901€-20k
Recurring financial income75€10
Recurring financial charges65€994
Profit (loss) for the period before taxes9903€-21k
Profit (loss) for the period9904€-21k
Profit (loss) for the period to be appropriated9905€-21k
Timeline · acts, filings and financial milestones
2022
21-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · BELGIAN CLOTHES COMPANY BV LEDEGEMSEWEG 15, 8930 MENEN · event 15-02-2022
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
SignalNBB filing
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Menen · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ledegemseweg 158930 MenenGround area
3,477 m²
Building footprint
442 m²
Volume, LiDAR
1,909 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Senecostraat 5, 1755 Pajottegem
since 20202.299.445.475
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23024B0363/00V000 | Flanders | 1,755 m² | 1 · 293 m² | 5.4 m · 1 fl. |
| 34372B0031/00D000 | Flanders | 1,721 m² | 1 · 149 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Luk DECEUNINCK BRUGGESTRAAT 55, 8930 MENEN- |
15-02-2022 → present |
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Of 1,311 companies in sector 46423 we hold annual accounts for 812. 262 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46412Wholesale of household textiles and bedding
46424Wholesale trade
47511Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.