Active BE 0418.609.141Public limited companyOpen bankruptcy

PROMIVAN

· 48 yrs active

Sector: Real estate activities (68121)

Conclusion Checked

A bankruptcy procedure is open for PROMIVAN according to publications in the Belgian State Gazette. The 2019 annual accounts show negative equity (€-2.43M) and a net result of €-3.25M.

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

Key figures

Equity	€-2.43M
Net result	€-3.25M
Active	48 yrs
Locations	2

Snowflake analysis 5 axes · computed by Checked

37 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 100

Solvency 33

Growth 50

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 risk

Components

· Open bankruptcy (+50)

Trust signals 2 signals

KBO register: special legal situation

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 2019 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 23-03-2020 with the NBB · fiscal year 2019 · verkort

Highlight YoY changes (±10%)

Fiscal year	2019
Revenue	-
EBITDA	€-252k
Net profit	€-3.25M
Cash flow	€-3.16M
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€1.71M
Equity	€-2.43M
Debt	€3.97M
of which ≤ 1y	€2.14M
of which > 1y	€1.80M
Working capital	€-2.02M
Employees (FTE)	-

Ratios (computed)

	2019
Current ratio	0.06
Quick ratio	0.06
Working capital ratio	-118.6%
Solvency	-142.1%
Debt / equity	-0.74
Long-term debt ratio	-0.74
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-190.4%
ROE	133.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €1.59M · 93.1% Current assets €118k · 6.9%

Full annual accounts

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

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.71M
Fixed assets	21/28	€1.59M
Tangible fixed assets	22/27	€1.58M
Financial fixed assets	28	€5k
Current assets	29/58	€118k
Amounts receivable within one year	40/41	€51k
Cash & bank	54/58	€234
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.71M
Equity	10/15	€-2.43M
Contributions / capital	10/11	€316k
Reserves	13	€507k
Accumulated profits (losses)	14	€-3.25M
Provisions & deferred taxes	16	€162k
Amounts payable	17/49	€3.97M
Amounts payable after one year	17	€1.80M
Amounts payable within one year	42/48	€2.14M
Trade debts payable within one year	44	€39k
Income statement
Gross operating margin	9900	€63k
Operating result	9901	€-344k
Financial income	75	€60k
Financial charges	65	€1.53M
Result before taxes	9903	€-3.82M
Net result for the period	9904	€-3.81M
Result to be appropriated	9905	€-3.81M

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	WIM VAN CAENEGHEM VRIJHEIDSTRAAT 32, 2000 ANTWERPEN 1	09-09-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	Real estate activities(68121)
Legal form	Public limited company(014)
Incorporation	27-07-1978
Status	Active
Postal code	-
First BS signal	15-09-2021
Latest BS signal	15-09-2021

Company structure, linked entities1 linked entities

Mandates

Establishment units 2 locations

Establishment

productie van verse kant- en klaarmaaltijden die vlees bevatten.

since 19942.015.203.407

El Fuego

Canadasquare 20, 8300 Knokke-HeistRestaurant van het traditionele type

since 20202.302.852.848

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 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11003A0271/00V000	Flanders	1.2 ha	1 · 3,657 m²	20.3 m · 3 fl.
31013A0075/00A000	Flanders	1,016 m²	1 · 787 m²	-

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.

2021

15-09-2021

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · PROMIVAN NV FILIP WILLIOT- STRAAT 9, 2600 BERCHEM (ANTWERPEN) · event 09-09-2021

2020

23-03-2020