Active BE 0423.951.069Private limited companyOpen bankruptcy

DE WITTE MEREL

Minderbroedersstraat 31 ·3800 Sint-Truiden, Belgium· 43 yrs active

Sector: Taxi operation (49320)

Conclusion Checked

A bankruptcy procedure is open for DE WITTE MEREL according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €77k and a net result of €-75k.

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

Key figures

Equity	€77k
Net result	€-75k
Staff (FTE)	11
Better than sector	25%

Snowflake analysis 5 of 5 axes measured · computed by Checked

13 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 34

Growth 32

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

50 / 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

· 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 19-08-2021 with the NBB · fiscal year 2020 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 49, Land transport · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	8.0%	29.3%	better than 25% of 127 sector peers
Net result	€-76k	€18k	better than 15% of 127 sector peers
Equity	€77k	€155k	better than 32% of 127 sector peers
Gross operating margin	€278k	€396k	better than 40% of 127 sector peers
Employees (FTE)	11.0	11.5	better than 49% of 96 sector peers

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

EBITDA

€69k

-61.9% 18-20

Net profit

€-75k

- 18-20

Cash flow

€63k

-61.1% 18-20

Total assets

€970k

-17.2% 18-20

Equity

€77k

-69.0% 18-20

Working capital

€-165k

-411.1% 18-20

Employees (FTE)

11

0.0% 18-20

Income taxes

€81

- 18-20

Debt

€893k

-3.2% 18-20

Debt ≤ 1y

€766k

+25.8% 18-20

Debt > 1y

€126k

-59.6% 18-20

Current ratio

0.78

-17.2% 18-20

Quick ratio

0.78

-17.2% 18-20

Solvency

8.0%

-62.6% 18-20

Debt / equity

1.63

+30.3% 18-20

ROE

-96.8%

- 18-20

ROA

-7.7%

- 18-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	verkort
Revenue	-
EBITDA	€69k
Net profit	€-75k
Cash flow	€63k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€970k
Equity	€77k
Debt	€893k
of which ≤ 1y	€766k
of which > 1y	€126k
Working capital	€-165k
Employees (FTE)	11.0

Ratios (computed)

	2020
Current ratio	0.78
Quick ratio	0.78
Working capital ratio	-17.0%
Solvency	8.0%
Debt / equity	1.63
Long-term debt ratio	1.63
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-7.7%
ROE	-96.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €333k · 35.7% Current assets €601k · 64.4%

Equity & liabilities

Equity €77k · 8.0% Debt €893k · 92.0%

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	€970k
Fixed assets	21/28	€333k
Formation expenses	20	€36k
Tangible fixed assets	22/27	€329k
Financial fixed assets	28	€4k
Current assets	29/58	€601k
Amounts receivable within one year	40/41	€158k
Cash & bank	54/58	€60k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€970k
Equity	10/15	€77k
Reserves	13	€130k
Accumulated profits (losses)	14	€-75k
Amounts payable	17/49	€893k
Amounts payable after one year	17	€126k
Amounts payable within one year	42/48	€766k
Trade debts payable within one year	44	€65k
Income statement
Gross operating margin	9900	€278k
Operating result	9901	€-69k
Financial charges	65	€12k
Result before taxes	9903	€-76k
Net result for the period	9904	€-76k
Result to be appropriated	9905	€-76k

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Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	RONNY MAES PRINS BISSCHOPSINGEL 11, 3500 HASSELT	30-03-2023 → present	Belgian State Gazette
Curator	KRISTOF KROL PRINS BISSCHOPSSINGEL 11, 3500 HASSELT ↔ Also on 107 other cases	30-03-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Taxi operation(49320)
Legal form	Private limited company(610)
Incorporation	30-03-1983
Status	Active
Postal code	3800
First BS signal	05-04-2023
Latest BS signal	05-04-2023

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

DE WITTE MEREL

Minderbroedersstraat 31, 3800 Sint-Truidenhet interlokale personenvervoer met autobussen of trams, op vaste routes en volgens een vaste dienstregeling, waarbij de reizigers kunnen in- en uitstappen bij doorgaans vaste haltes

since 19832.022.157.317

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.
71053H1265/00B002	Flanders	148 m²	1 · 68 m²	13.1 m · 3 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 11 events

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

2023

05-04-2023

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · DE WITTE MEREL BV MINDER- BROEDERSSTRAAT 31, 3800 SINT-TRUIDEN · event 30-03-2023

2021

19-08-2021