Active BE 0884.319.997Private limited company (pre-2019)Open bankruptcy

123TEL

· 19 yrs active

Conclusion Checked

A bankruptcy procedure is open for 123TEL according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €107k and a net result of €61k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€107k
Net result	€61k
Staff (FTE)	0.5
Active	19 yrs

Snowflake analysis 5 axes · computed by Checked

40 / 100

Fragile profile, watch stability in particular.

Health 11

Profitability 100

Solvency 12

Growth 78

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 1 signals

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 2021 · computed

11 / 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 29-12-2022 with the NBB · fiscal year 2021 · verkort

Operating resultNet result

EBITDA

€91k

+124.3% 18-21

Net profit

€61k

+303.3% 18-21

Cash flow

€67k

+118.3% 18-21

Total assets

€14.75M

+352.8% 18-21

Equity

€107k

+134.5% 18-21

Working capital

€122k

+86.5% 18-21

Employees (FTE)

1

0.0% 18-21

Staff costs

€13k

- 18-21

Income taxes

€25k

+410.1% 18-21

Debt

€14.65M

+355.9% 18-21

Debt ≤ 1y

€14.62M

+360.4% 18-21

Debt > 1y

€26k

-29.7% 18-21

Current ratio

1.01

-1.2% 18-21

Quick ratio

0.97

+25.3% 18-21

Solvency

0.7%

-48.2% 18-21

Debt / equity

136.64

+16523.5% 18-21

ROE

57.4%

+72.0% 18-21

ROA

0.4%

-10.9% 18-21

Interest coverage

12.02

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Revenue	-
EBITDA	€91k
Net profit	€61k
Cash flow	€67k
Staff costs	€13k
Income taxes	€25k
Dividends	-
Total assets	€14.75M
Equity	€107k
Debt	€14.65M
of which ≤ 1y	€14.62M
of which > 1y	€26k
Working capital	€122k
Employees (FTE)	0.5

Ratios (computed)

	2021
Current ratio	1.01
Quick ratio	0.97
Working capital ratio	0.8%
Solvency	0.7%
Debt / equity	136.64
Long-term debt ratio	0.25
Interest coverage	12.02
Gross margin	-
Net margin	-
ROA	0.4%
ROE	57.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €11k · 0.1% Current assets €14.74M · 99.9%

Equity & liabilities

Equity €107k · 0.7% Debt €14.65M · 99.3%

Full annual accounts

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€14.75M
Fixed assets	21/28	€11k
Tangible fixed assets	22/27	€11k
Current assets	29/58	€14.74M
Stocks & contracts in progress	3	€594k
Amounts receivable within one year	40/41	€14.10M
Cash & bank	54/58	€45k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€14.75M
Equity	10/15	€107k
Contributions / capital	10/11	€19k
Reserves	13	€82k
Accumulated profits (losses)	14	€7k
Amounts payable	17/49	€14.65M
Amounts payable after one year	17	€26k
Amounts payable within one year	42/48	€14.62M
Trade debts payable within one year	44	€14.51M
Income statement
Gross operating margin	9900	€110k
Operating result	9901	€86k
Financial income	75	€8k
Financial charges	65	€8k
Result before taxes	9903	€86k
Income taxes	67/77	€25k
Net result for the period	9904	€61k
Result to be appropriated	9905	€61k

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Ratios computed by Checked.

Directors & mandates3 persons

Role	Name	Tenure	Source
Curator	DIRK VAN COPPENOLLE GENKERSTEENWEG 302, 3500 HASSELT	26-01-2023 → present	Belgian State Gazette
Curator	FREDERICK VAN COPPE- NOLLE GENKERSTEENWEG 302, 3500 HASSELT- frederick@van- coppenolle.be	26-01-2023 → present	Belgian State Gazette
Curator	SOFIE REPRIELS GENKERSTEENWEG 302, 3500 HASSELT	26-01-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	-
Legal form	Private limited company (pre-2019)(015)
Incorporation	17-10-2006
Status	Active
Postal code	-
First BS signal	01-02-2023
Latest BS signal	01-02-2023

Company structure, linked entities3 linked entities

Mandates

Establishment units 1 location

a-phone

Maastrichterstraat 1, 3500 HasseltPublic relationsbureaus

since 20062.157.302.764

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.
71022H0794/00N000 ProtectedMonumentPoortgebouw De Ware VriendenSource ↗	Flanders	3,013 m²	1 · 152 m²	18.2 m · 5 fl.
71522C0006/00K020	Flanders	1,355 m²	1 · 204 m²	10.7 m · 2 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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 11 events

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

2023

01-02-2023

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · 123TEL BV STATIONKAAI 53/4, 3582 BERINGEN · event 26-01-2023

2022

29-12-2022