Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for BURCIN according to publications in the Belgian State Gazette. The file additionally contains 1 interim measure. The 2020 annual accounts show equity of €205k and a net result of €184k.
Based on the State Gazette, CBE and 3 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
2 events18-11-2022
Bankruptcy
Opening
02-05-2022
Interim measure
Provisional administrator
Signals
Insufficient current data: the most recent filed accounts (financial year 2020) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2020, that is 31-07-2021.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | nothing on record | not filed | - |
| 31-12-2022 | 31-07-2023 | nothing on record | not filed | - |
| 31-12-2021 | 31-07-2022 | nothing on record | not filed | - |
| 31-12-2020 | 31-07-2021 | 17-02-2022 | 201 d late | 2022-06000415 |
| 31-12-2019 | 31-07-2020 | 29-10-2020 | 90 d late | 2020-65400300 |
| 31-12-2018 | 31-07-2019 | 30-08-2019 | 30 d late | 2019-63300402 |
| 31-12-2017 | 31-07-2018 | 31-08-2018 | 31 d late | 2018-61000044 |
| 31-12-2016 | 31-07-2017 | 16-08-2017 | 16 d late | 2017-43300556 |
| 31-12-2015 | 31-07-2016 | 30-08-2016 | 30 d late | 2016-52500573 |
| 31-12-2014 | 31-07-2015 | 31-08-2015 | 31 d late | 2015-53900574 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: 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
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€184k+6.6%
Working capital€362k+33.5%
Directors2
Annual accounts & ratios
Source: NBB · 2020Annual accounts filed on 17-02-2022 with the NBB · fiscal year 2020 · volledig
Sector comparison
Fiscal year 2020 · NACE 49, Land transport · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 8.2% | 30.3% | |
| Net result | €11k | €12k | |
| Equity | €205k | €169k | |
| Gross operating margin | €2.12M | €126k | |
| Employees (FTE) | 33.8 | 16.0 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€375k
+197.3%
18-20
€184k
+6.6%
18-20
€286k
+23.4%
18-20
€2.49M
+67.8%
18-20
€205k
+5.9%
18-20
€362k
+33.5%
18-20
34
-84.4%
18-20
€75k
+28525.5%
18-20
€114k
-
18-20
€2.28M
+77.1%
18-20
€1.87M
+111.1%
18-20
€329k
-18.3%
18-20
1.19
-8.6%
18-20
1.19
-8.6%
18-20
8.2%
-36.9%
18-20
1.61
-22.9%
18-20
90.0%
+0.7%
18-20
7.4%
-36.5%
18-20
Figures by fiscal year
| Fiscal year | 2020 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €375k |
| Net profit | €184k |
| Cash flow | €286k |
| Staff costs | - |
| Income taxes | €75k |
| Dividends | - |
| Total assets | €2.49M |
| Equity | €205k |
| Debt | €2.28M |
| of which ≤ 1y | €1.87M |
| of which > 1y | €329k |
| Working capital | €362k |
| Employees (FTE) | 33.8 |
Ratios (computed)
| 2020 | |
|---|---|
| Current ratio | 1.19 |
| Quick ratio | 1.19 |
| Working capital ratio | 14.5% |
| Solvency | 8.2% |
| Debt / equity | 1.61 |
| Long-term debt ratio | 1.61 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 7.4% |
| ROE | 90.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2020 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.49M |
| Fixed assets | 21/28 | €255k |
| Tangible fixed assets | 22/27 | €240k |
| Financial fixed assets | 28 | €15k |
| Current assets | 29/58 | €2.23M |
| Amounts receivable within one year | 40/41 | €1.98M |
| Cash & bank | 54/58 | €51k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.49M |
| Equity | 10/15 | €205k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €184k |
| Amounts payable | 17/49 | €2.28M |
| Amounts payable after one year | 17 | €329k |
| Amounts payable within one year | 42/48 | €1.87M |
| Trade debts payable within one year | 44 | €1.43M |
| Income statement | ||
| Gross operating margin | 9900 | €2.12M |
| Operating result | 9901 | €274k |
| Financial income | 75 | €37 |
| Financial charges | 65 | €7k |
| Result before taxes | 9903 | €87k |
| Income taxes | 67/77 | €75k |
| Net result for the period | 9904 | €11k |
| Result to be appropriated | 9905 | €11k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2020 · computed21
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
Not yet read from the acts
6 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.
Insolvency mandates
2 mandates| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
14-11-2022 → present | Belgian State Gazette |
| Curator | CATHA-
RINA ORLENT PR.JOS.CHARLOTTELAAN 71, 9100 SINT-NIKLAAS- |
14-11-2022 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Goederenvervoer over de weg(49410) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 10-10-1994 |
| Status | Active |
| Postal code | - |
| First BS signal | 02-05-2022 |
| Latest BS signal | 18-11-2022 |
Structure & network
Company structure: linked entities
2 linked entitiesMandates
↔
1
of these mandate-holders are active on other cases, click any red card to open that KBO.
Locations & real estate
Establishment units
1 locationBURGIN
since 19942.069.279.818
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area7,466 m²
Buildings2
Building footprint3,121 m²
Volume (LiDAR)2,944 m³
Tallest building10.3 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C0067/00P000 | Flanders | 6,865 m² | 1 · 2,526 m² | - |
| 21816C0044/00B005 | Brussels | 601 m² | 1 · 595 m² | 10.3 m · 2 fl. |
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.
Publications
Lifecycle & Insolvency Signals
2 events from the State Gazette18-11-2022
Bankruptcy
Opening
02-05-2022
Interim measure
Provisional administrator
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette · acts
No structured acts for this company yet
That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.
Analysis
Snowflake analysis
financial profile on 5 axes43
/ 100
Fragile profile, watch stability in particular.
All 5 axes are computed from data Checked has read.
Health
21
Profitability
100
Solvency
43
Growth
52
Stability
0
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Goederenvervoer over de weg60242
Primary activity highlighted.
Names & trade names
| Legal nameNL | BURCIN |
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.