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GRIMOD

Active
Koningin Elisabethlaan 55 ·9000 Gent, Belgium
Open bankruptcy
KBO/BCE: BE 0898.707.077
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Age18 yrs
Board1
Staff (FTE)1.2
Real estate1 parcel · 173 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for GRIMOD according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €35k and a net result of €-34k.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 events
17-06-2024
Bankruptcy Opening
Date: 11-06-2024 · Ondernemingsrechtbank Gent, afdeling Gent · GRIMOD BV KONINGIN ELISABETHLAAN 55, 9000 GENT · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing 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.
Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 28-02-2023, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-06. 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 30-06-2022, that is 31-01-2023.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-06-2025 31-01-2026 nothing on record not filed -
30-06-2024 31-01-2025 nothing on record not filed -
30-06-2023 31-01-2024 nothing on record not filed -
30-06-2022 31-01-2023 28-02-2023 28 d late 2023-00032399
30-06-2021 31-01-2022 16-01-2022 15 d early 2022-01200006
30-06-2020 31-01-2021 26-02-2021 26 d late 2021-06100587
30-06-2019 31-01-2020 28-01-2020 3 d early 2020-02300202
30-06-2018 31-01-2019 21-01-2019 10 d early 2019-01700406
30-06-2017 31-01-2018 31-01-2018 on the day 2018-04100589
30-06-2016 31-01-2017 25-02-2017 25 d late 2017-05100311
30-06-2015 31-01-2016 26-02-2016 26 d late 2016-05000383
30-06-2014 31-01-2015 06-01-2015 25 d early 2015-00100481

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 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

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€-34k
Working capital€32k-51.5%
Directors1

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 28-02-2023 with the NBB · fiscal year 2022 · micro
€-40k€-20k€0€20kOperating result 2019: €1k€1kNet result 2019: €4k€4kOperating result 2020: €19k€19kNet result 2020: €17k€17kOperating result 2021: €-911€-911Net result 2021: €5k€5kOperating result 2022: €-34k€-34kNet result 2022: €-34k€-34k2019202020212022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 38.7% 20.0%
better than 68% of 4290 sector peers
Net result €-34k €3k
better than 8% of 4277 sector peers
Equity €35k €14k
better than 68% of 4298 sector peers
Gross operating margin €37k €19k
better than 63% of 4267 sector peers
Staff costs €61k €30k
higher than 73% of 1883 sector peers
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).
Solvency P68
2020: P89 · n=13652021: P87 · n=25422022: P68 · n=42902020 2022
Weakening position over 2020-2022 · n=1365-4290
Net result P8
2020: P73 · n=13612021: P40 · n=25352022: P8 · n=42772020 2022
Weakening position over 2020-2022 · n=1361-4277
Equity P68
2020: P72 · n=13672021: P79 · n=25452022: P68 · n=42982020 2022
Stable position over 2020-2022 · n=1367-4298
Gross operating margin P63
2020: P75 · n=13562021: P69 · n=25222022: P63 · n=42672020 2022
Stable position over 2020-2022 · n=1356-4267
Describes the position versus peers, not a forecast.
EBITDA
€-33k
- 19-22
Net profit
€-34k
- 19-22
Cash flow
€-33k
- 19-22
Total assets
€91k
-6.2% 19-22
Equity
€35k
-49.2% 19-22
Working capital
€32k
-51.5% 19-22
Employees (FTE)
1
+20.0% 19-22
Staff costs
€61k
- 19-22
Income taxes
€116
-95.7% 19-22
Debt
€50k
+81.9% 19-22
Debt ≤ 1y
€50k
+79.6% 19-22
Current ratio
1.64
-51.4% 19-22
Quick ratio
0.97
-55.3% 19-22
Solvency
38.7%
-45.8% 19-22
Debt / equity
1.44
- 19-22
ROE
-96.7%
- 19-22
ROA
-37.4%
- 19-22
Interest coverage
-55.35
- 19-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA€-33k
Net profit€-34k
Cash flow€-33k
Staff costs€61k
Income taxes-
Dividends-
Total assets€91k
Equity€35k
Debt€50k
of which ≤ 1y€50k
of which > 1y-
Working capital€32k
Employees (FTE)1.2
Ratios (computed)
2022
Current ratio1.64
Quick ratio0.97
Working capital ratio35.3%
Solvency38.7%
Debt / equity1.44
Long-term debt ratio-
Interest coverage-55.35
Gross margin-
Net margin-
ROA-37.4%
ROE-96.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€91k
Fixed assets 21/28€9k
Tangible fixed assets 22/27€9k
Current assets 29/58€82k
Stocks & contracts in progress 3€33k
Amounts receivable within one year 40/41€23k
Cash & bank 54/58€23k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€91k
Equity 10/15€35k
Contributions / capital 10/11€6k
Reserves 13€62k
Accumulated profits (losses) 14€-34k
Provisions & deferred taxes 16€5k
Amounts payable 17/49€50k
Amounts payable within one year 42/48€50k
Trade debts payable within one year 44€46k
Income statement
Gross operating margin 9900€37k
Operating result 9901€-34k
Financial income 75€603
Financial charges 65€590
Result before taxes 9903€-34k
Net result for the period 9904€-34k
Result to be appropriated 9905€-34k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

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 from Kantoor S.

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.

Directors

Directors & mandates

2 directors
Current directors & mandates
  • AA Business Commerce & InvestLegal entity
    Director· perm. rep.: Antoinette Lippens-De Meester
    State Gazette act 23009450 (19-01-2023)
    Current
    31-12-2022 → present
Former directors (1)
  • Aurélie Lippens
    Director
    State Gazette act 23009450 (19-01-2023)
    Former
    - → 31-12-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator JOKE DE PAEPE
ZEISTRAAT 1A, 9850 NEVELE-
 11-06-2024 → present Belgian State Gazette

Legal Structure

NACE primary Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110)
Legal form Private limited company(610)
Incorporation20-06-2008
StatusActive
Postal code9000
First BS signal 17-06-2024
Latest BS signal 17-06-2024

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 Bank
Cannot 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.

Koningin Elisabethlaan 559000 Gent

Establishment units

1 location
GRIMOD
Koningin Elisabethlaan 55, 9000 GentVervaardiging van specerijen, sauzen en kruiderijen
since 20082.171.702.712
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area173 m²
Buildings1
Building footprint164 m²
Volume (LiDAR)1,460 m³
Tallest building23.2 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.
44809I0705/00M003 Flanders 173 m² 1 · 164 m² 23.2 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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
17-06-2024
Bankruptcy Opening
Date: 11-06-2024 · Ondernemingsrechtbank Gent, afdeling Gent · GRIMOD BV KONINGIN ELISABETHLAAN 55, 9000 GENT · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-06-17 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

1 acts
All acts · 1 updated 3 years ago
2023
19-01-2023 1 director appointed, 1 resigning Director changes
  • Antoinette Lippens-De Meester, Bestuurder
  • Aurélie Lippens, Bestuurder

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency75Growth32Stability0
21 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 75
Growth 32
Stability 0

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 1,627 of the 10,428 companies in this sector. 1,360 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112Vervaardiging van andere voedingsmiddelen, n.e.g.10890Vervaardiging van andere voedingsmiddelen, neg10890Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte46321Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte46321Detailhandel in vlees en vleesproducten in gespecialiseerde winkels, m.u.v. vlees van wild en van gevogelte47221Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte47221Detailhandel in brood en banketbakkerswerk in gespecialiseerde winkels (koude bakkers)47241Detailhandel in brood en banketbakkerswerk (koude bakkers)47241Detailhandel in wijnen en geestrijke dranken in gespecialiseerde winkels47251Detailhandel in wijnen en geestrijke dranken47251Overige detailhandel in voedingsmiddelen, neg47279Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.47299
Primary activity highlighted.
Names & trade names
Legal nameNL GRIMOD
Registered office
Koningin Elisabethlaan 55
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.