Active BE 0542.704.508Private limited companyOpen bankruptcy

MARMALADE

Sassevaartstraat 46 ·9000 Gent, Belgium· 12 yrs active

Sector: Productie van bioscoopfilms (59111)

Conclusion Checked

A bankruptcy procedure is open for MARMALADE according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2021 annual accounts show equity of €117k and a net result of €-170k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€117k
Net result	€-170k
Staff (FTE)	6.4
Better than sector	20%

Financial profile 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 17

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

60 / 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

· 1 judicial reorganisation (+10)

· 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 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.

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 overview7 NBB filings

Annual accounts filed on 05-01-2023 with the NBB · fiscal year 2021 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 59 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	0.9%	34.6%	better than 20% of 201 sector peers
Net result	€-170k	€7k	better than 5% of 202 sector peers
Equity	€117k	€24k	better than 82% of 202 sector peers
Gross operating margin	€-2.15M	€24k	better than 5% of 199 sector peers
Staff costs	€491k	€84k	higher than 86% of 47 sector peers

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

EBITDA

€-2.76M

- 18-21

Net profit

€-170k

- 18-21

Cash flow

€-29k

- 18-21

Total assets

€12.90M

-60.4% 18-21

Equity

€117k

-59.3% 18-21

Working capital

€2.31M

-90.0% 18-21

Employees (FTE)

6

+28.0% 18-21

Staff costs

€491k

- 18-21

Show 11 other metrics

Income taxes

€62k

+455.9% 18-21

Debt

€12.70M

-60.5% 18-21

Debt ≤ 1y

€9.99M

+10.5% 18-21

Debt > 1y

€2.68M

-7.5% 18-21

Current ratio

1.23

-65.3% 18-21

Quick ratio

1.23

-65.3% 18-21

Solvency

0.9%

+2.8% 18-21

Debt / equity

108.44

+975.4% 18-21

ROE

-145.5%

- 18-21

ROA

-1.3%

- 18-21

Interest coverage

-13.54

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	-
EBITDA	€-2.76M
Net profit	€-170k
Cash flow	€-29k
Staff costs	€491k
Income taxes	€62k
Dividends	-
Total assets	€12.90M
Equity	€117k
Debt	€12.70M
of which ≤ 1y	€9.99M
of which > 1y	€2.68M
Working capital	€2.31M
Employees (FTE)	6.4

Ratios (computed)

	2021
Current ratio	1.23
Quick ratio	1.23
Working capital ratio	17.9%
Solvency	0.9%
Debt / equity	108.44
Long-term debt ratio	22.91
Interest coverage	-13.54
Gross margin	-
Net margin	-
ROA	-1.3%
ROE	-145.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €601k · 4.7% Current assets €12.30M · 95.3%

Equity & liabilities

Equity €117k · 0.9% Provisions €78k · 0.6% Debt €12.70M · 98.5%

Full annual accounts (27 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	€12.90M
Fixed assets	21/28	€601k
Intangible fixed assets	21	€362k
Tangible fixed assets	22/27	€230k
Financial fixed assets	28	€9k
Current assets	29/58	€12.30M
Amounts receivable within one year	40/41	€3.56M
Investments	50/53	€164
Cash & bank	54/58	€59k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€12.90M
Equity	10/15	€117k
Contributions / capital	10/11	€19k
Reserves	13	€87k
Accumulated profits (losses)	14	€-170k
Provisions & deferred taxes	16	€78k
Amounts payable	17/49	€12.70M
Amounts payable after one year	17	€2.68M
Amounts payable within one year	42/48	€9.99M
Trade debts payable within one year	44	€695k
Income statement
Gross operating margin	9900	€-2.15M
Operating result	9901	€-2.90M
Financial income	75	€94k
Financial charges	65	€204k
Result before taxes	9903	€-108k
Income taxes	67/77	€62k
Net result for the period	9904	€-170k
Result to be appropriated	9905	€-170k

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 & mandates2 persons

Role	Name	Tenure	Source
Curator	SOFIE DE NIJS GROOT-BRITTANNIELAAN 10, 9000 GENT	20-07-2023 → present	Belgian State Gazette
Curator	PIETER HUYGHE SAVAAN- STRAAT 72, 9000 GENT	20-07-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Productie van bioscoopfilms(59111)
Legal form	Private limited company(610)
Incorporation	29-11-2013
Status	Active
Postal code	9000
First BS signal	12-05-2023
Latest BS signal	26-07-2023

Establishment units 1 location

Sassevaartstraat 46, 9000 Gent

Mediarepresentatie

since 20132.224.920.573

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.
44021A2735/00X002	Flanders	2.2 ha	1 · 1.6 ha	23.8 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 9 events

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

2023

26-07-2023

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · MARMALADE BV SASSE- VAARTSTRAAT 46/101, 9000 GENT · event 20-07-2023

12-05-2023

Judicial reorganisation Opening

Ondernemingsrechtbank Gent · amiable · event 09-05-2023

05-01-2023