Active BE 0450.201.546Private limited company (pre-2019)Open bankruptcy

DENNENDAEL

Hogenaardseweg 4 ·2520 Ranst, Belgium· 33 yrs active

Sector: Agriculture (01410)

Conclusion Checked

A bankruptcy procedure is open for DENNENDAEL according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-1.38M) and a net result of €-1.38M.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-1.38M
Net result	€-1.38M
Better than sector	5%
Active	33 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

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 2022 · computed

0 / 100 Critical

050100

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 with Plus.

See plans →

Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 25-07-2023 with the NBB · fiscal year 2022 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 01, Agriculture · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-609.6%	26.9%	better than 5% of 149 sector peers
Net result	€-1.38M	€35k	better than 5% of 149 sector peers
Equity	€-1.38M	€381k	better than 5% of 149 sector peers
Gross operating margin	€3k	€296k	better than 11% of 147 sector peers
Employees (FTE)	0.0	4.1	better than 5% of 96 sector peers

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

EBITDA

€-1.34M

-3928.4% 18-22

Net profit

€-1.38M

-1502.1% 18-22

Cash flow

€-1.29M

-1579.4% 18-22

Total assets

€226k

-87.3% 18-22

Equity

€-1.38M

- 18-22

Working capital

€-206k

-185.2% 18-22

Employees (FTE)

0

- 18-22

Income taxes

€0

-100.0% 18-22

Dividends

€0

- 18-22

Debt

€1.61M

-6.5% 18-22

Debt ≤ 1y

€360k

-3.3% 18-22

Debt > 1y

€1.25M

-7.4% 18-22

Current ratio

0.43

-47.1% 18-22

Quick ratio

0.43

+38.6% 18-22

Solvency

-609.6%

- 18-22

Debt / equity

-1.16

- 18-22

ROE

100.3%

- 18-22

ROA

-611.5%

-12489.1% 18-22

Interest coverage

-156.98

-22410.9% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	verkort
Revenue	-
EBITDA	€-1.34M
Net profit	€-1.38M
Cash flow	€-1.29M
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€226k
Equity	€-1.38M
Debt	€1.61M
of which ≤ 1y	€360k
of which > 1y	€1.25M
Working capital	€-206k
Employees (FTE)	0.0

Ratios (computed)

	2022
Current ratio	0.43
Quick ratio	0.43
Working capital ratio	-91.2%
Solvency	-609.6%
Debt / equity	-1.16
Long-term debt ratio	-0.90
Interest coverage	-156.98
Gross margin	-
Net margin	-
ROA	-611.5%
ROE	100.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €73k · 32.3% Current assets €153k · 67.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€226k
Fixed assets	21/28	€73k
Formation expenses	20	€0
Tangible fixed assets	22/27	€73k
Current assets	29/58	€153k
Stocks & contracts in progress	3	€0
Amounts receivable within one year	40/41	€138k
Investments	50/53	€10k
Cash & bank	54/58	€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€226k
Equity	10/15	€-1.38M
Contributions / capital	10/11	€170k
Reserves	13	€34k
Accumulated profits (losses)	14	€-1.58M
Amounts payable	17/49	€1.61M
Amounts payable after one year	17	€1.25M
Amounts payable within one year	42/48	€360k
Trade debts payable within one year	44	€28k
Income statement
Gross operating margin	9900	€3k
Operating result	9901	€-1.43M
Financial income	75	€56k
Financial charges	65	€9k
Result before taxes	9903	€-1.38M
Net result for the period	9904	€-1.38M
Result to be appropriated	9905	€-1.38M

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	KATRIEN TEUGHELS COREMANSSTRAAT 14A, 2600 BERCHEM (ANTWERPEN) ↔ Also on 105 other cases	10-08-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Agriculture(01410)
Legal form	Private limited company (pre-2019)(015)
Incorporation	27-05-1993
Status	Active
Postal code	2520
First BS signal	18-08-2023
Latest BS signal	18-08-2023

Company structure, linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 2 locations

DENNENDAEL BVBA

Liersebaan 125, 2240 ZandhovenTeelt van tropisch en subtropisch fruit

since 19932.062.863.564

Dennendael

Hogenaardseweg 4, 2520 RanstProductie van eieren van pluimvee

since 20152.247.345.389

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 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11035A0250/00G000	Flanders	2,092 m²	1 · 199 m²	7.4 m · 2 fl.
11027A0148/00Y000	Flanders	914 m²	1 · 234 m²	9.3 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 11 events

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

2023

18-08-2023

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · DENNENDAEL BVBA HOGEN- AARDSEWEG 4 C, 2520 RANST · event 10-08-2023

25-07-2023