Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for OSTEND PARK according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €325k and a net result of €-72k.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events23-10-2024
Bankruptcy
Opening
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-09-2024, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | 24-09-2024 | 55 d late | 2024-00475833 |
| 31-12-2022 | 31-07-2023 | 14-11-2023 | 106 d late | 2023-00512986 |
| 31-12-2021 | 31-07-2022 | 06-09-2022 | 37 d late | 2022-20422317 |
| 31-12-2020 | 31-07-2021 | 09-06-2021 | 52 d early | 2021-18600288 |
| 31-12-2019 | 31-07-2020 | 03-09-2020 | 34 d late | 2020-50900325 |
| 31-12-2018 | 31-07-2019 | 20-08-2019 | 20 d late | 2019-48300061 |
| 31-12-2017 | 31-07-2018 | 16-01-2019 | 169 d late | 2019-01800444 |
| 31-12-2016 | 31-07-2017 | 22-05-2018 | 295 d late | 2018-13400500 |
| 31-12-2015 | 31-07-2016 | 01-06-2016 | 60 d early | 2016-14600358 |
| 31-12-2014 | 31-07-2015 | 07-05-2015 | 85 d early | 2015-11500539 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: 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
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.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-72k
Working capital€240k-25.1%
Directors1
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 24-09-2024 with the NBB · fiscal year 2023 · verkort
Sector comparison
Fiscal year 2023 · NACE 56, Food & beverage service · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 42.4% | 16.7% | |
| Net result | €-72k | €9k | |
| Equity | €325k | €42k | |
| Gross operating margin | €206k | €222k | |
| Staff costs | €254k | €232k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P74
Stable position over 2020-2023
· n=237-479
P13
Weakening position over 2020-2023
· n=237-476
P87
Stable position over 2020-2023
· n=238-479
P49
Weakening position over 2020-2023
· n=234-472
Describes the position versus peers, not a forecast.
€-55k
-
18-23
€-72k
-
18-23
€-57k
-
18-23
€766k
-16.5%
18-23
€325k
-18.2%
18-23
€240k
-25.1%
18-23
6
-28.4%
18-23
€254k
-30.6%
18-23
€0
-100.0%
18-23
€0
-100.0%
18-23
€441k
-15.2%
18-23
€413k
-16.2%
18-23
€21k
-20.8%
18-23
1.58
-4.2%
18-23
1.57
-4.2%
18-23
42.4%
-2.1%
18-23
1.36
+3.7%
18-23
-22.3%
-
18-23
-9.5%
-
18-23
-25.89
-
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-55k |
| Net profit | €-72k |
| Cash flow | €-57k |
| Staff costs | €254k |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €766k |
| Equity | €325k |
| Debt | €441k |
| of which ≤ 1y | €413k |
| of which > 1y | €21k |
| Working capital | €240k |
| Employees (FTE) | 5.8 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 1.58 |
| Quick ratio | 1.57 |
| Working capital ratio | 31.3% |
| Solvency | 42.4% |
| Debt / equity | 1.36 |
| Long-term debt ratio | 0.07 |
| Interest coverage | -25.89 |
| Gross margin | - |
| Net margin | - |
| ROA | -9.5% |
| ROE | -22.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €766k |
| Fixed assets | 21/28 | €113k |
| Tangible fixed assets | 22/27 | €45k |
| Financial fixed assets | 28 | €68k |
| Current assets | 29/58 | €653k |
| Stocks & contracts in progress | 3 | €6k |
| Amounts receivable within one year | 40/41 | €612k |
| Investments | 50/53 | €7k |
| Cash & bank | 54/58 | €22k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €766k |
| Equity | 10/15 | €325k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €306k |
| Accumulated profits (losses) | 14 | €245 |
| Amounts payable | 17/49 | €441k |
| Amounts payable after one year | 17 | €21k |
| Amounts payable within one year | 42/48 | €413k |
| Trade debts payable within one year | 44 | €242k |
| Income statement | ||
| Gross operating margin | 9900 | €206k |
| Operating result | 9901 | €-70k |
| Financial income | 75 | €2 |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-72k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €-72k |
| Result to be appropriated | 9905 | €-72k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed0
/ 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.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
1 directorCurrent directors & mandates
-
De besloten vennootschap AOC OOSTENDELegal entityDirector· perm. rep.: LEPLA, Christine Irma CorneliaState Gazette act 24365164 (22-02-2024)Current22-02-2024 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | PATRICK CONTENT JOZEF II- STRAAT 18,
8400 OOSTENDE |
16-10-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Cafés en bars(56301) |
| Legal form | Private limited company(610) |
| Incorporation | 16-02-1987 |
| Status | Active |
| Postal code | 8400 |
| First BS signal | 23-10-2024 |
| Latest BS signal | 23-10-2024 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Spaarzaamheidstraat 1468400 OostendeEstablishment units
2 locationsBrasserie Du Parc
since 19872.033.350.424
Duinenstraat 341, 8450 Bredene
since 20232.346.082.877
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area546 m²
Buildings3
Building footprint424 m²
Volume (LiDAR)5,943 m³
Tallest building23.3 m · ±7 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1657/00T014 | Flanders | 264 m² | 1 · 186 m² | 23.3 m · 7 fl. |
| 35002B0358/00Z008 | Flanders | 163 m² | 1 · 163 m² | 14.2 m · 3 fl. |
| 35384A0177/13P000 | Flanders | 118 m² | 1 · 75 m² | 9.5 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette23-10-2024
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
2 acts Address history · 1
24-03-2023
Registered-office move
All acts · 2
updated 2 years ago
2024
22-02-2024 2 directors appointed
- LEPLA, Christine Irma Cornelia, Bestuurder
- LEPLA, Christine Irma Cornelia, Bestuurder
Notary:
Florence Deforce · Lede
2023
24-03-2023 Registered office moved within Oostende
- Marie-joséplein 3, 8400 Oostende → Leopold I plein 2, 8400 Oostende
Analysis
Snowflake analysis
financial profile on 5 axes26
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
77
Growth
52
Stability
0
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Credit advice
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Company registry
Company registry (CBE)
Crossroads BankActivities
Cafés55401Cafés en bars56301Cafés en bars56301
Primary activity highlighted.
Names & trade names
| Legal nameNL | OSTEND PARK |
Registered office
Spaarzaamheidstraat 146
8400 Oostende, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.