Active BE 0435.881.574Private limited company (pre-2019)Open bankruptcy

DINALEM

Tienne de l'Europe 1 ·5500 Dinant, Belgium· 37 yrs active

Sector: Non-specialised food retail (47110)

Conclusion Checked

A bankruptcy procedure is open for DINALEM according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2018 annual accounts show negative equity (€-499k) and a net result of €-609k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€-499k
Net result	€-609k
Staff (FTE)	13.1
Active	37 yrs

Snowflake analysis 4 of 5 axes measured · computed by Checked

26 / 100

Fragile profile, watch health in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 0

Profitability 100

Solvency 5

Growth -

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

70 / 100

Severe 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

· 2 judicial reorganisations (+20)

· 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 2018 · computed

0 / 100 Critical

050100

Computed from 3 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 2018 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 28-06-2019 with the NBB · fiscal year 2018 · volledig

Highlight YoY changes (±10%)

Fiscal year	2018
Deposit	volledig
Revenue	-
EBITDA	€-152k
Net profit	€-609k
Cash flow	€-558k
Staff costs	-
Income taxes	€784
Dividends	-
Total assets	€1.14M
Equity	€-499k
Debt	€1.64M
of which ≤ 1y	€1.64M
of which > 1y	-
Working capital	€-575k
Employees (FTE)	13.1

Ratios (computed)

	2018
Current ratio	0.65
Quick ratio	0.43
Working capital ratio	-50.4%
Solvency	-43.7%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-53.3%
ROE	121.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €76k · 6.7% Current assets €1.07M · 93.4%

Full annual accounts

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

Line item	Code	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.14M
Fixed assets	21/28	€76k
Tangible fixed assets	22/27	€76k
Financial fixed assets	28	€354
Current assets	29/58	€1.07M
Stocks & contracts in progress	3	€355k
Amounts receivable within one year	40/41	€545k
Cash & bank	54/58	€132k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.14M
Equity	10/15	€-499k
Contributions / capital	10/11	€56k
Reserves	13	€53k
Accumulated profits (losses)	14	€-609k
Amounts payable	17/49	€1.64M
Amounts payable within one year	42/48	€1.64M
Trade debts payable within one year	44	€1.56M
Income statement
Gross operating margin	9900	€275k
Operating result	9901	€-203k
Financial income	75	€19k
Financial charges	65	€68k
Result before taxes	9903	€-252k
Income taxes	67/77	€784
Net result for the period	9904	€-253k
Result to be appropriated	9905	€-253k

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	LAURENT ADAM ROUTE DE PHILIPPEVILLE, 1, 5620 FLORENNES	24-10-2019 → present	Belgian State Gazette

Legal Structure

NACE primary	Non-specialised food retail(47110)
Legal form	Private limited company (pre-2019)(015)
Incorporation	23-11-1988
Status	Active
Postal code	5500
First BS signal	16-08-2019
Latest BS signal	04-11-2019

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

Tienne de l'Europe 1, 5500 Dinant

Niet-gespecialiseerde detailhandel in algemene voedingsmiddelen (verkoopsoppervlakte minder dan 100 m2)

since 19882.041.322.636

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.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
91034B0103/00N000	Wallonia	4,768 m²	1 · 1,070 m²	-

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 13 events

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

2019

04-11-2019

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Namur · DINALEM SPRL TIENNE DE L’EUROPE 1, 5500 DINANT · event 24-10-2019

24-10-2019

Judicial reorganisation Extension

Tribunal de l’entreprise de Liège · collectif · event 18-10-2019

16-08-2019

Judicial reorganisation Opening

Tribunal de l’entreprise de Liège · collectif · event 05-08-2019

28-06-2019