Active BE 0882.646.748Private limited company (pre-2019)Open bankruptcy

JSD-Spuitisolatie

Waversesteenweg(OPV) 148 ·3360 Bierbeek, Belgium· 20 yrs active

Sector: Installatie van isolatie (43230)

Conclusion Checked

A bankruptcy procedure is open for JSD-Spuitisolatie according to publications in the Belgian State Gazette. The 2018 annual accounts show equity of €169k and a net result of €70k.

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

Key figures

Equity	€169k
Net result	€70k
Staff (FTE)	6.1
Active	20 yrs

Financial profile 4 of 5 axes measured · computed by Checked

43 / 100

Fragile profile, watch stability 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 13

Profitability 100

Solvency 58

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

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 Flags0 events

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.

Health barometer FY 2018 · computed

13 / 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.

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

Financial overview12 NBB filings

Annual accounts filed on 09-08-2019 with the NBB · fiscal year 2018 · verkort

Highlight YoY changes (±10%)

Fiscal year	2018
Deposit	verkort
Revenue	-
EBITDA	€69k
Net profit	€70k
Cash flow	€125k
Staff costs	-
Income taxes	€2k
Dividends	-
Total assets	€650k
Equity	€169k
Debt	€481k
of which ≤ 1y	€195k
of which > 1y	€270k
Working capital	€57k
Employees (FTE)	6.1

Ratios (computed)

	2018
Current ratio	1.29
Quick ratio	1.15
Working capital ratio	8.7%
Solvency	25.9%
Debt / equity	1.60
Long-term debt ratio	1.60
Interest coverage	-
Gross margin	-
Net margin	-
ROA	10.7%
ROE	41.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €398k · 61.2% Current assets €252k · 38.8%

Equity & liabilities

Equity €169k · 26.0% Debt €481k · 74.1%

Full annual accounts (25 line items)

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

Line item	Code	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€650k
Fixed assets	21/28	€398k
Tangible fixed assets	22/27	€397k
Financial fixed assets	28	€840
Current assets	29/58	€252k
Stocks & contracts in progress	3	€27k
Amounts receivable within one year	40/41	€211k
Cash & bank	54/58	€222
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€650k
Equity	10/15	€169k
Contributions / capital	10/11	€19k
Reserves	13	€81k
Accumulated profits (losses)	14	€70k
Amounts payable	17/49	€481k
Amounts payable after one year	17	€270k
Amounts payable within one year	42/48	€195k
Trade debts payable within one year	44	€64k
Income statement
Gross operating margin	9900	€243k
Operating result	9901	€13k
Financial income	75	€435
Financial charges	65	€11k
Result before taxes	9903	€2k
Income taxes	67/77	€2k
Net result for the period	9904	€490
Result to be appropriated	9905	€490

Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	MARC DEWAEL STATIONSTRAAT 108A, 3400 LANDEN	02-04-2020 → present	Belgian State Gazette
Curator	KARL VANSTI- PELEN STATIONSSTRAAT 108 A, 3400 LANDEN-	02-04-2020 → present	Belgian State Gazette

Legal Structure

NACE primary	Installatie van isolatie(43230)
Legal form	Private limited company (pre-2019)(015)
Incorporation	04-07-2006
Status	Active
Postal code	3360
First insolvency signal	10-04-2020
Latest insolvency signal	10-04-2020

Establishment units 1 location

JSD-Spuitisolatie

Waversesteenweg(OPV) 148, 3360 BierbeekKleinhandel in onderdelen en accessoires van auto's inclusief de kleinhandel in tweedehands onderdelen

since 20062.155.582.401

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.
24713A0031/00S000	Flanders	3,654 m²	1 · 1,218 m²	6.6 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel 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.

2020

10-04-2020

Bankruptcy Opening

Ondernemingsrechtbank Leuven · JSD-SPUITISOLATIE BVBA WAVERSESTEENWEG(OPV) 148, 3360 BIERBEEK · event 02-04-2020

2019

09-08-2019