Active BE 0462.020.502Private limited companyOpen bankruptcy

CLANCY

Van Landeghemstraat 20 ·9100 Sint-Niklaas, Belgium· 28 yrs active

Sector: Cleaning & landscape services (81100)

Conclusion Checked

A bankruptcy procedure is open for CLANCY according to publications in the Belgian State Gazette. The file additionally contains 1 interim measure. The 2020 annual accounts show equity of €1.55M and a net result of €428k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€1.55M
Net result	€428k
Better than sector	30%
Active	28 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

36 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 28

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

0 / 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 26-08-2021 with the NBB · fiscal year 2020 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 81, Cleaning & landscape services · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	20.2%	33.9%	better than 30% of 62 sector peers
Net result	€208k	€21k	better than 89% of 62 sector peers
Equity	€1.55M	€196k	better than 91% of 62 sector peers
Gross operating margin	€626k	€450k	better than 65% of 62 sector peers
Total assets	€7.67M	€846k	better than 95% of 62 sector peers

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

EBITDA

€602k

+45.1% 18-20

Net profit

€428k

+94.6% 18-20

Cash flow

€634k

+68.8% 18-20

Total assets

€7.67M

+30.8% 18-20

Equity

€1.55M

+15.5% 18-20

Working capital

€-1.88M

-423.6% 18-20

Employees (FTE)

1

-58.8% 18-20

Income taxes

€119k

-12.2% 18-20

Debt

€6.13M

+35.3% 18-20

Debt ≤ 1y

€2.30M

-3.2% 18-20

Debt > 1y

€3.82M

+78.3% 18-20

Current ratio

0.18

-78.6% 18-20

Quick ratio

0.18

-78.6% 18-20

Solvency

20.2%

-11.7% 18-20

Debt / equity

2.47

+54.3% 18-20

ROE

27.6%

+68.5% 18-20

ROA

5.6%

+48.8% 18-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	verkort
Revenue	-
EBITDA	€602k
Net profit	€428k
Cash flow	€634k
Staff costs	-
Income taxes	€119k
Dividends	-
Total assets	€7.67M
Equity	€1.55M
Debt	€6.13M
of which ≤ 1y	€2.30M
of which > 1y	€3.82M
Working capital	€-1.88M
Employees (FTE)	-

Ratios (computed)

	2020
Current ratio	0.18
Quick ratio	0.18
Working capital ratio	-24.5%
Solvency	20.2%
Debt / equity	2.47
Long-term debt ratio	2.47
Interest coverage	-
Gross margin	-
Net margin	-
ROA	5.6%
ROE	27.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €7.26M · 94.5% Current assets €419k · 5.5%

Equity & liabilities

Equity €1.55M · 20.2% Debt €6.13M · 79.8%

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	€7.67M
Fixed assets	21/28	€7.26M
Tangible fixed assets	22/27	€4.74M
Financial fixed assets	28	€2.52M
Current assets	29/58	€419k
Amounts receivable within one year	40/41	€416k
Cash & bank	54/58	€135
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€7.67M
Equity	10/15	€1.55M
Reserves	13	€1.10M
Accumulated profits (losses)	14	€428k
Amounts payable	17/49	€6.13M
Amounts payable after one year	17	€3.82M
Amounts payable within one year	42/48	€2.30M
Trade debts payable within one year	44	€114k
Income statement
Gross operating margin	9900	€626k
Operating result	9901	€396k
Financial income	75	€2k
Financial charges	65	€71k
Result before taxes	9903	€327k
Income taxes	67/77	€119k
Net result for the period	9904	€208k
Result to be appropriated	9905	€208k

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Ratios computed by Checked.

Directors & mandates3 persons

Role	Name	Tenure	Source
Curator	MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- ↔ Also on 146 other cases	31-10-2022 → present	Belgian State Gazette
Curator	VINCENT VERLAECKT HOUTEN SCHOEN 54, 9100 SINT-NIKLAAS	31-10-2022 → present	Belgian State Gazette
Curator	ADRIAAN DAUWE GROTE MARKT 19, 9200 DENDERMONDE- ↔ Also on 56 other cases	31-10-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Cleaning & landscape services(81100)
Legal form	Private limited company(610)
Incorporation	04-12-1997
Status	Active
Postal code	9100
First BS signal	28-10-2022
Latest BS signal	07-11-2022

Company structure, linked entities3 linked entities

Mandates

↔ 2 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

CLANCY BVBA

Van Landeghemstraat 20, 9100 Sint-NiklaasPersonenvervoer door de lucht

since 19982.085.162.379

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.
46446B1030/00N000	Flanders	1,428 m²	1 · 315 m²	11.1 m · 2 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 12 events

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

2022

07-11-2022

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Dendermonde · CLANCY BV VAN LANDE- GHEMSTRAAT 20, 9100 SINT-NIKLAAS · event 31-10-2022

28-10-2022

Interim measure Provisional administrator

Ondernemingsrechtbank Gent

2021

26-08-2021