Active BE 0453.587.143Private limited company (pre-2019)Open bankruptcy

BURCIN

· 31 yrs active

Sector: Road freight transport (49410)

Conclusion Checked

A 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.

Key figures

Equity	€205k
Net result	€184k
Staff (FTE)	33.8
Better than sector	21%

Snowflake analysis 5 of 5 axes measured · computed by Checked

43 / 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

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

55 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· 1 interim measure (+5)

· 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 2020 · computed

21 / 100 Critical

050100

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.

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Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 17-02-2022 with the NBB · fiscal year 2020 · volledig

Operating resultNet result

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%	better than 21% of 117 sector peers
Net result	€11k	€12k	better than 49% of 117 sector peers
Equity	€205k	€169k	better than 55% of 117 sector peers
Gross operating margin	€2.12M	€126k	better than 95% of 84 sector peers
Employees (FTE)	33.8	16.0	better than 70% of 73 sector peers

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

EBITDA

€375k

+197.3% 18-20

Net profit

€184k

+6.6% 18-20

Cash flow

€286k

+23.4% 18-20

Total assets

€2.49M

+67.8% 18-20

Equity

€205k

+5.9% 18-20

Working capital

€362k

+33.5% 18-20

Employees (FTE)

34

-84.4% 18-20

Income taxes

€75k

+28525.5% 18-20

Dividends

€114k

- 18-20

Debt

€2.28M

+77.1% 18-20

Debt ≤ 1y

€1.87M

+111.1% 18-20

Debt > 1y

€329k

-18.3% 18-20

Current ratio

1.19

-8.6% 18-20

Quick ratio

1.19

-8.6% 18-20

Solvency

8.2%

-36.9% 18-20

Debt / equity

1.61

-22.9% 18-20

ROE

90.0%

+0.7% 18-20

ROA

7.4%

-36.5% 18-20

Figures by fiscal year

Highlight YoY changes (±10%)

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

Assets

Fixed assets €255k · 10.3% Current assets €2.23M · 89.8%

Equity & liabilities

Equity €205k · 8.2% Debt €2.28M · 91.8%

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

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Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71, 9100 SINT-NIKLAAS ↔ Also on 95 other cases	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	Road freight transport(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

Company structure, linked entities2 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

BURGIN

Charles Ramaekersstraat 17, 1020 Brusselde levering van meubels en huishoudapparaten

since 19942.069.279.818

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 (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.

Updates 12 events

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

2022

18-11-2022

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Dendermonde · BURCIN BV PASSTRAAT 125, 9100 SINT-NIKLAAS · event 14-11-2022

02-05-2022

Interim measure Provisional administrator

Ondernemingsrechtbank Gent · event 25-04-2022

17-02-2022