Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for Climate Control according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €187k and a net result of €32k.
Based on the State Gazette, CBE and 5 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
1 events18-02-2025
Bankruptcy
Opening
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.
Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 20-03-2024, 41 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 6 filed financial years, each closing on 30-09. 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 30-09-2023, that is 30-04-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-09-2025 | 30-04-2026 | nothing on record | not filed | - |
| 30-09-2024 | 30-04-2025 | nothing on record | not filed | - |
| 30-09-2023 | 30-04-2024 | 20-03-2024 | 41 d early | 2024-00046172 |
| 30-09-2022 | 30-04-2023 | 02-05-2023 | 2 d late | 2023-00074596 |
| 30-09-2021 | 30-04-2022 | 28-04-2022 | 2 d early | 2022-20023596 |
| 30-09-2020 | 30-04-2021 | 28-04-2022 | 363 d late | 2022-20023598 |
| 30-09-2019 | 30-04-2020 | 28-04-2022 | 728 d late | 2022-20023599 |
| 30-09-2017 | 30-04-2018 | 29-05-2018 | 29 d late | 2018-14300465 |
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 strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€32k+309.0%
Working capital€176k+13.3%
Directors1
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 20-03-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 82 · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 61.2% | 51.1% | |
| Net result | €32k | €16k | |
| Equity | €187k | €34k | |
| Gross operating margin | €118k | €34k | |
| Staff costs | €40k | €20k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P60
Weakening position over 2020-2023
· n=431-2557
P68
Weakening position over 2020-2023
· n=431-2553
P90
Improving position over 2020-2023
· n=432-2558
P88
Stable position over 2020-2023
· n=425-2551
Describes the position versus peers, not a forecast.
€59k
+77.8%
19-23
€32k
+309.0%
19-23
€34k
+267.0%
19-23
€306k
+8.3%
19-23
€187k
+20.9%
19-23
€176k
+13.3%
19-23
1
-
19-23
€40k
+326.4%
19-23
€21k
+171.7%
19-23
€118k
-7.1%
19-23
€118k
-4.7%
19-23
2.48
+10.5%
19-23
2.06
+101.5%
19-23
61.2%
+11.7%
19-23
0.63
-23.1%
19-23
17.3%
+238.2%
19-23
10.6%
+277.7%
19-23
16.23
-51.4%
19-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €59k |
| Net profit | €32k |
| Cash flow | €34k |
| Staff costs | €40k |
| Income taxes | €21k |
| Dividends | - |
| Total assets | €306k |
| Equity | €187k |
| Debt | €118k |
| of which ≤ 1y | €118k |
| of which > 1y | - |
| Working capital | €176k |
| Employees (FTE) | 1.3 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 2.48 |
| Quick ratio | 2.06 |
| Working capital ratio | 57.5% |
| Solvency | 61.2% |
| Debt / equity | 0.63 |
| Long-term debt ratio | - |
| Interest coverage | 16.23 |
| Gross margin | - |
| Net margin | - |
| ROA | 10.6% |
| ROE | 17.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €306k |
| Fixed assets | 21/28 | €11k |
| Tangible fixed assets | 22/27 | €11k |
| Current assets | 29/58 | €294k |
| Stocks & contracts in progress | 3 | €50k |
| Amounts receivable within one year | 40/41 | €243k |
| Cash & bank | 54/58 | €551 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €306k |
| Equity | 10/15 | €187k |
| Reserves | 13 | €187k |
| Amounts payable | 17/49 | €118k |
| Amounts payable within one year | 42/48 | €118k |
| Trade debts payable within one year | 44 | €30k |
| Income statement | ||
| Gross operating margin | 9900 | €118k |
| Operating result | 9901 | €57k |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €53k |
| Income taxes | 67/77 | €21k |
| Net result for the period | 9904 | €32k |
| Result to be appropriated | 9905 | €32k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed24
/ 100
Critical
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.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023 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
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | JAN DELEN DESGUINLEI 100 BUS 4,
2018 ANTWERPEN 1 |
11-02-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Overige zakelijke dienstverlening, neg(82990) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 07-10-2016 |
| Status | Active |
| Postal code | - |
| First BS signal | 18-02-2025 |
| Latest BS signal | 18-02-2025 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Establishment units
1 locationJean-Baptiste de Gieylaan 16, 9051 Gent
since 20162.258.507.319
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area2,241 m²
Buildings1
Building footprint1,286 m²
Volume (LiDAR)34,999 m³
Tallest building33.9 m · ±9 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. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
| 44062C0212/00E000 | Flanders | 617 m² | - | - |
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
1 event from the State Gazette18-02-2025
Bankruptcy
Opening
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
Belgisch Staatsblad · acts
2 acts Address history · 2
27-09-2023
Registered-office move
19-05-2023
Registered-office move
All acts · 2
updated 2 years ago
2023
27-09-2023 Registered office moved within Brussel
- Bisschoffsheimlaan 15, 1000 Brussel → Louisalaan 54, 1050 Brussel
19-05-2023 Registered office moved from Gent to Brussel
- Jean-Baptiste de Gieylaan 16, 9051 Gent → Bischoffsheimlaan 15, 1000 Brussel
Analysis
Snowflake analysis
financial profile on 5 axes52
/ 100
Mixed profile: strong on solvency, weaker on stability.
All 5 axes are computed from data Checked has read.
Health
24
Profitability
86
Solvency
99
Growth
52
Stability
0
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Credit advice
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We hold annual accounts for 2,967 of the 24,478 companies in this sector. 2,160 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990Groothandel in ijzerwaren46741Groothandel in ijzerwaren46841Overige niet-gespecialiseerde detailhandel47120Detailhandel in ijzerwaren en gereedschappen in gespecialiseerde winkels47525Detailhandel in ijzerwaren en gereedschappen47525Detailhandel in andere huishoudelijke artikelen, neg47559Detailhandel in andere huishoudelijke artikelen in gespecialiseerde winkels, n.e.g.47599Detailhandel via postorderbedrijven of via internet47910Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Organisatie van congressen en beurzen82300Organisatie van congressen en beurzen82300
Primary activity highlighted.
Names & trade names
| Legal nameNL | Climate Control |
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.