Checked.be
Active
BE 0472.635.369Public limited companyOpen bankruptcy
I M & S
· 25 yrs active
Sector: Detailhandel in brood en banketbakkerswerk (koude bakkers)
(47241)
Conclusion
A bankruptcy procedure is open for I M & S according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2021 annual accounts show negative equity (€-77k) and a net result of €-194k.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €-77k |
| Net result | €-194k |
| Staff (FTE) | 26.1 |
| Better than sector | 15% |
Financial profile
26
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
44
Solvency
4
Growth
84
Stability
0
Bankruptcy probability (12 mo)
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
53 / 100
High riskRegister: open bankruptcyThis 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)
· 1 administrative flag (+3)
Trust 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
Address struck
Health barometer
0
/ 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.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 14-02-2022 with the NBB · fiscal year 2021 · micro
Sector comparison
Fiscal year 2021 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -26.1% | 22.6% | |
| Net result | €90k | €3k | |
| Equity | €-77k | €17k | |
| Gross operating margin | €966k | €21k | |
| Employees (FTE) | 26.1 | 1.5 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€1.98M
+26.0%
19-21
€124k
-8.0%
19-21
€-194k
+31.8%
19-21
€-178k
+32.3%
19-21
€296k
+167.3%
19-21
€-77k
+53.9%
19-21
€-134k
+42.7%
19-21
26
-
19-21
Show 11 other metrics
€373k
+34.1%
19-21
€373k
+34.1%
19-21
€0
-100.0%
19-21
0.64
+297.7%
19-21
0.51
+826.3%
19-21
-26.1%
+82.8%
19-21
0.00
-
19-21
250.9%
+48.0%
19-21
-65.4%
+74.5%
19-21
-9.8%
+45.9%
19-21
6.3%
-27.0%
19-21
Figures by fiscal year
| Fiscal year | 2021 |
|---|---|
| Deposit | micro |
| Revenue | €1.98M |
| EBITDA | €124k |
| Net profit | €-194k |
| Cash flow | €-178k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €296k |
| Equity | €-77k |
| Debt | €373k |
| of which ≤ 1y | €373k |
| of which > 1y | - |
| Working capital | €-134k |
| Employees (FTE) | 26.1 |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 0.64 |
| Quick ratio | 0.51 |
| Working capital ratio | -45.2% |
| Solvency | -26.1% |
| Debt / equity | - |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | -9.8% |
| ROA | -65.4% |
| ROE | 250.9% |
| EBITDA margin | 6.3% |
| Days sales outstanding | 35d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2021
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €296k |
| Fixed assets | 21/28 | €56k |
| Tangible fixed assets | 22/27 | €56k |
| Current assets | 29/58 | €239k |
| Stocks & contracts in progress | 3 | €49k |
| Amounts receivable within one year | 40/41 | €189k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €296k |
| Equity | 10/15 | €-77k |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €54k |
| Accumulated profits (losses) | 14 | €-194k |
| Amounts payable | 17/49 | €373k |
| Amounts payable within one year | 42/48 | €373k |
| Trade debts payable within one year | 44 | €49k |
| Income statement | ||
| Turnover | 70 | €1.98M |
| Gross operating margin | 9900 | €966k |
| Operating result | 9901 | €109k |
| Financial charges | 65 | €18k |
| Result before taxes | 9903 | €90k |
| Net result for the period | 9904 | €90k |
| Result to be appropriated | 9905 | €90k |
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | Dirk DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
24-01-2023 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Detailhandel in brood en banketbakkerswerk (koude bakkers)(47241) |
| Legal form | Public limited company(014) |
| Incorporation | 29-08-2000 |
| Status | Active |
| Postal code | - |
| First BS signal | 31-01-2023 |
| Latest BS signal | 31-01-2023 |
Establishment units
Patisserie Alexandre V
since 20002.099.749.397
Patisserie Alexandre V
since 20012.099.749.496
Patisserie Alexandre V
since 20142.233.337.896
Patisserie Alexandre V
since 20142.233.338.094
Patisserie Alexandre V
since 20142.233.338.391
Patisserie Alexandre V
since 20142.233.339.084
Show 5 more locations
Patisserie Alexandre V
since 20182.275.318.310
Patisserie Alexandre V
since 20192.283.024.068
Patisserie Alexandre V
since 20192.283.210.051
Patisserie Alexandre V
since 20192.284.236.865
Patisserie Alexandre V
since 20212.322.479.017
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
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
11
(91.7%)
Brussels
1
(8.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0461/00L000 | Brussels | 2,479 m² | 1 · 1,096 m² | 33.3 m · 9 fl. |
| 24086A0097/00G000 | Flanders | 1,635 m² | 1 · 681 m² | 10.0 m · 1 fl. |
| 24065C0154/00X004 | Flanders | 1,369 m² | 1 · 422 m² | 11.3 m · 1 fl. |
| 24094B0878/00V000 | Flanders | 964 m² | - | - |
| 24482F0274/00Y014 | Flanders | 680 m² | 1 · 318 m² | 11.9 m · 1 fl. |
| 24505F0802/00P000 | Flanders | 368 m² | 1 · 263 m² | 13.6 m · 3 fl. |
| 24502B0014/00P000 | Flanders | 322 m² | 1 · 162 m² | 17.1 m · 5 fl. |
| 24433E0084/00P000 | Flanders | 298 m² | 1 · 191 m² | 11.1 m · 1 fl. |
| 24483E0061/00C004 | Flanders | 186 m² | 1 · 84 m² | 10.9 m · 1 fl. |
| 24433E0252/00E006indicative | Flanders | 161 m² | 1 · 67 m² | 9.8 m · 3 fl. |
2 more parcels, available from Kantoor S.
See plans →Methodology
via registered seat: 1 · via establishment units: 11
11 of 12 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
3 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2024
27-09-2024
KBO administration
Address struck
2023
31-01-2023
Bankruptcy
Opening
2022
14-02-2022
NBB filing
Annual accounts filed
2021
30-09-2021
NBB filing
Annual accounts filed
2020
28-07-2020
NBB filing
Annual accounts filed
2019
31-01-2019
NBB filing
Annual accounts filed
2018
08-01-2018
NBB filing
Annual accounts filed
2017
07-02-2017
NBB filing
Annual accounts filed
2016
21-01-2016
NBB filing
Annual accounts filed
2015
31-03-2015
NBB filing
Annual accounts filed
2014
30-04-2014
NBB filing
Annual accounts filed
2013
18-07-2013
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
27-09-2024
KBO administration
Address struck
Full insolvency chronology
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 1 further earlier event in this file, covering 24-01-2023 to 27-09-2024.
Available in Kantoor S.
See plans →
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Detailhandel in brood en banketbakkerswerk (koude bakkers)47241Detailhandel in bovenkleding voor heren, dames en kinderen (algemeen assortiment)52421Detailhandel in overige sportartikelen47639Detailhandel in sport- en kampeerartikelen in gespecialiseerde winkels47640Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)47716Gespecialiseerde detailhandel in sport- en kampeerartikelen52482
Primary activity highlighted.
Names & trade names
| Legal nameNL | I M & S |
Registration history
- 27-09-2024 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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