Active BE 0560.805.993Private limited company (pre-2019)Open bankruptcy

INSIDE BUILDING

Monnikshoekstraat 10 ·8630 Veurne, Belgium· 11 yrs active

Sector: Specialised construction (43310)

Conclusion Checked

A bankruptcy procedure is open for INSIDE BUILDING according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €137k and a net result of €-118k.

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

Key figures

Equity	€137k
Net result	€-118k
Staff (FTE)	17.6
Better than sector	14%

Snowflake analysis 5 of 5 axes measured · computed by Checked

10 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 20

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 2021 · 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.

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Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 30-09-2022 with the NBB · fiscal year 2021 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	5.9%	30.9%	better than 14% of 556 sector peers
Net result	€-118k	€30k	better than 5% of 554 sector peers
Equity	€137k	€155k	better than 47% of 556 sector peers
Gross operating margin	€1.19M	€246k	better than 91% of 555 sector peers
Staff costs	€1.02M	€242k	higher than 91% of 334 sector peers

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

EBITDA

€129k

-48.0% 18-21

Net profit

€-118k

- 18-21

Cash flow

€14k

-93.3% 18-21

Total assets

€2.35M

-7.4% 18-21

Equity

€137k

-46.1% 18-21

Working capital

€323k

- 18-21

Employees (FTE)

18

+22.2% 18-21

Staff costs

€1.02M

- 18-21

Income taxes

€6k

-52.1% 18-21

Debt

€2.21M

-3.1% 18-21

Debt ≤ 1y

€1.61M

-8.5% 18-21

Debt > 1y

€603k

+15.4% 18-21

Current ratio

1.20

+34.1% 18-21

Quick ratio

0.91

+35.5% 18-21

Solvency

5.9%

-41.8% 18-21

Debt / equity

16.09

+684.7% 18-21

ROE

-85.5%

- 18-21

ROA

-5.0%

- 18-21

Interest coverage

1.96

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	-
EBITDA	€129k
Net profit	€-118k
Cash flow	€14k
Staff costs	€1.02M
Income taxes	€6k
Dividends	-
Total assets	€2.35M
Equity	€137k
Debt	€2.21M
of which ≤ 1y	€1.61M
of which > 1y	€603k
Working capital	€323k
Employees (FTE)	17.6

Ratios (computed)

	2021
Current ratio	1.20
Quick ratio	0.91
Working capital ratio	13.8%
Solvency	5.9%
Debt / equity	16.09
Long-term debt ratio	4.39
Interest coverage	1.96
Gross margin	-
Net margin	-
ROA	-5.0%
ROE	-85.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €417k · 17.8% Current assets €1.93M · 82.2%

Equity & liabilities

Equity €137k · 5.9% Debt €2.21M · 94.2%

Full annual accounts

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.35M
Fixed assets	21/28	€417k
Formation expenses	20	€0
Intangible fixed assets	21	€13k
Tangible fixed assets	22/27	€378k
Financial fixed assets	28	€27k
Current assets	29/58	€1.93M
Stocks & contracts in progress	3	€473k
Amounts receivable within one year	40/41	€1.37M
Cash & bank	54/58	€64k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.35M
Equity	10/15	€137k
Contributions / capital	10/11	€125k
Reserves	13	€12k
Amounts payable	17/49	€2.21M
Amounts payable after one year	17	€603k
Amounts payable within one year	42/48	€1.61M
Trade debts payable within one year	44	€1.06M
Income statement
Gross operating margin	9900	€1.19M
Operating result	9901	€-3k
Financial income	75	€3k
Financial charges	65	€66k
Result before taxes	9903	€-112k
Income taxes	67/77	€6k
Net result for the period	9904	€-118k
Result to be appropriated	9905	€-118k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	DIRK WAEYAERT VLEESHOUWERSSTRAAT 9, 8630 VEURNE ↔ Also on 47 other cases	27-07-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43310)
Legal form	Private limited company (pre-2019)(015)
Incorporation	28-08-2014
Status	Active
Postal code	8630
First BS signal	02-08-2023
Latest BS signal	02-08-2023

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 1 location

INSIDE BUILDING

Monnikshoekstraat 10, 8630 VeurneZagen en schaven van hout

since 20142.235.401.127

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.
38025C0568/00T003	Flanders	4,047 m²	1 · 1,847 m²	0.1 m

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 8 events

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

2023

02-08-2023

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Veurne · INSIDE BUILDING BV MONNIKSHOEKSTRAAT 10, 8630 VEURNE · event 27-07-2023

2022

30-09-2022