Active BE 0876.457.653Coöperatieve vennootschap met beperkte aansprakelijkheidOpen bankruptcy

NEXUS FACTORY

Louizalaan 235 ·1050 Elsene, Belgium· 20 yrs active

Sector: Productie van televisiefilms (59112)

Conclusion Checked

A bankruptcy procedure is open for NEXUS FACTORY according to publications in the Belgian State Gazette. The 2018 annual accounts show negative equity (€-655k) and a net result of €-772k.

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

Key figures

Equity	€-655k
Net result	€-772k
Staff (FTE)	5.6
Active	20 yrs

Financial profile 4 of 5 axes measured · computed by Checked

20 / 100

Fragile profile, watch health 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 0

Profitability 70

Solvency 8

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

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

Financial overview10 NBB filings

Annual accounts filed on 29-08-2019 with the NBB · fiscal year 2018 · volledig

Highlight YoY changes (±10%)

Fiscal year	2018
Deposit	volledig
Revenue	€24.67M
EBITDA	€15.97M
Net profit	€-772k
Cash flow	€15.35M
Staff costs	-
Income taxes	€44k
Dividends	-
Total assets	€42.44M
Equity	€-655k
Debt	€42.77M
of which ≤ 1y	€42.73M
of which > 1y	-
Working capital	€-11.64M
Employees (FTE)	5.6

Ratios (computed)

	2018
Current ratio	0.73
Quick ratio	0.73
Working capital ratio	-27.4%
Solvency	-1.5%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	376.30
Gross margin	-
Net margin	-3.1%
ROA	-1.8%
ROE	117.9%
EBITDA margin	64.8%
Days sales outstanding	448d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €11.34M · 26.7% Current assets €31.09M · 73.3%

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	€42.44M
Fixed assets	21/28	€11.34M
Intangible fixed assets	21	€11.34M
Tangible fixed assets	22/27	€5k
Financial fixed assets	28	€1k
Current assets	29/58	€31.09M
Amounts receivable within one year	40/41	€30.24M
Cash & bank	54/58	€853k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€42.44M
Equity	10/15	€-655k
Contributions / capital	10/11	€107k
Reserves	13	€11k
Accumulated profits (losses)	14	€-772k
Provisions & deferred taxes	16	€323k
Amounts payable	17/49	€42.77M
Amounts payable within one year	42/48	€42.73M
Trade debts payable within one year	44	€20.48M
Income statement
Turnover	70	€24.67M
Operating result	9901	€-153k
Financial income	75	€7k
Financial charges	65	€56k
Result before taxes	9903	€-202k
Income taxes	67/77	€44k
Net result for the period	9904	€-246k
Result to be appropriated	9905	€-246k

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	CLAIRE VAN DE VELDE AVENUE DE FRE 229, 1180 BRUXELLES 18	16-10-2019 → present	Belgian State Gazette

Legal Structure

NACE primary	Productie van televisiefilms(59112)
Legal form	Coöperatieve vennootschap met beperkte aansprakelijkheid(008)
Incorporation	04-10-2005
Status	Active
Postal code	1050
First insolvency signal	23-10-2019
Latest insolvency signal	23-10-2019

Establishment units 1 location

NEXUS FACTORY

Deschampheleerstraat 24-26, 1081 KoekelbergProductie van overige films

since 20052.150.506.529

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.

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21807G0131/00T000	Brussels	5,672 m²	1 · 3,878 m²	45.8 m · 8 fl.
21492B0371/00N004	Brussels	188 m²	1 · 183 m²	19.6 m · 5 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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.

2019

23-10-2019

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · NEXUS FACTORY SCRL AVENUE LOUISE 235, 1050 IXELLES · event 16-10-2019

29-08-2019