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SERHAN

Active
Place Franco-Belge 3 ·6200 Châtelet, Belgium
KBO/BCE: BE 0547.669.522
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Age12 yrs
Real estate1 parcel · 170 m²

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for SERHAN (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show negative equity (€-9k) and a net result of €-29k.

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

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Signals

Insufficient current data: the most recent filed accounts (financial year 2020) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing 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 31-12-2020 was due by 31-07-2021 and was filed on 24-09-2021, 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 7 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 31-12-2020, that is 31-07-2021.
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 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 nothing on record not filed -
31-12-2020 31-07-2021 24-09-2021 55 d late 2021-68400089
31-12-2019 31-07-2020 27-11-2020 119 d late 2020-73700296
31-12-2018 31-07-2019 30-09-2019 61 d late 2019-67700240
31-12-2017 31-07-2018 25-09-2018 56 d late 2018-65100082
31-12-2016 31-07-2017 29-09-2017 60 d late 2017-66500582
31-12-2015 31-07-2016 30-07-2016 1 d early 2016-39800254
31-12-2014 31-07-2015 13-12-2015 135 d late 2015-69400431

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

1 signal
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.

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€-29k-150.5%
Working capital€-15k

Annual accounts & ratios

Source: NBB · 2020
Annual accounts filed on 24-09-2021 with the NBB · fiscal year 2020 · micro
€-30k€-20k€-10k€0Operating result 2018: €2k€2kNet result 2018: €-6k€-6kOperating result 2019: €-3k€-3kNet result 2019: €-12k€-12kOperating result 2020: €-16k€-16kNet result 2020: €-29k€-29k201820192020
Operating resultNet result
Sector comparison
Fiscal year 2020 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -14.0% 22.1%
better than 23% of 1496 sector peers
Net result €-18k €3k
better than 13% of 1490 sector peers
Equity €-9k €21k
better than 22% of 1499 sector peers
Gross operating margin €-11k €23k
better than 8% of 1485 sector peers
Total assets €64k €119k
better than 33% of 1497 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-13k
-2394.8% 18-20
Net profit
€-29k
-150.5% 18-20
Cash flow
€-27k
-194.7% 18-20
Total assets
€64k
-17.7% 18-20
Equity
€-9k
- 18-20
Working capital
€-15k
- 18-20
Income taxes
€116
+100.0% 18-20
Debt
€73k
+5.7% 18-20
Debt ≤ 1y
€73k
+5.7% 18-20
Current ratio
0.80
-20.8% 18-20
Quick ratio
0.45
-7.9% 18-20
Solvency
-14.0%
- 18-20
ROE
328.7%
- 18-20
ROA
-45.9%
-204.3% 18-20
Figures by fiscal year
Fiscal year2020
Depositmicro
Revenue-
EBITDA€-13k
Net profit€-29k
Cash flow€-27k
Staff costs-
Income taxes€116
Dividends-
Total assets€64k
Equity€-9k
Debt€73k
of which ≤ 1y€73k
of which > 1y-
Working capital€-15k
Employees (FTE)-
Ratios (computed)
2020
Current ratio0.80
Quick ratio0.45
Working capital ratio-23.3%
Solvency-14.0%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-45.9%
ROE328.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€64k
Fixed assets 21/28€6k
Intangible fixed assets 21€424
Tangible fixed assets 22/27€6k
Financial fixed assets 28€43
Current assets 29/58€58k
Stocks & contracts in progress 3€25k
Amounts receivable within one year 40/41€31k
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€64k
Equity 10/15€-9k
Reserves 13€2k
Accumulated profits (losses) 14€-29k
Amounts payable 17/49€73k
Amounts payable within one year 42/48€73k
Trade debts payable within one year 44€44k
Income statement
Gross operating margin 9900€-11k
Operating result 9901€-16k
Financial income 75€175
Financial charges 65€2k
Result before taxes 9903€-18k
Income taxes 67/77€116
Net result for the period 9904€-18k
Result to be appropriated 9905€-18k
You are seeing the latest fiscal year only. 2 prior years (figures + ratios) are in a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2020 · computed
0 / 100 Critical
050100
Computed from 4 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 2020 and the legal situation the KBO register itself records. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
Cannot 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.

Place Franco-Belge 36200 Châtelet

Establishment units

1 location
FRANCO BELGE
Place Franco-Belge 3, 6200 ChâteletNiet-gespecialiseerde kleinhandel in algemene voedingsmiddelen (verkoopsoppervlakte minder dan 100m2)
since 20142.229.744.938
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area170 m²
Buildings1
Building footprint66 m²
Volume (LiDAR)575 m³
Tallest building12.0 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52012B0047/00B009 Wallonia 170 m² 1 · 66 m² 12.0 m · 3 fl.
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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability100Solvency10Growth32Stability0
28 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 10
Growth 32
Stability 0

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 1,660 of the 10,422 companies in this sector. 1,183 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112
Primary activity highlighted.
Names & trade names
Legal nameFR SERHAN
Registered office
Place Franco-Belge 3
6200 Châtelet, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.