Active BE 0661.877.916Private limited company (pre-2019)Open bankruptcy

1585 Mass

Groenestraat(Heu) 1 ·8501 Kortrijk, Belgium· 9 yrs active

Sector: Activiteiten van holdings (64210)

Conclusion Checked

A bankruptcy procedure is open for 1585 Mass according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-21k) and a net result of €-13k.

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

Key figures

Equity	€-21k
Net result	€-13k
Better than sector	5%
Active	9 yrs

Snowflake analysis 4 of 5 axes measured · computed by Checked

48 / 100

Mixed profile: strong on profitability, weaker on stability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 61

Growth 32

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 Flags 0 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

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview5 NBB filings

Annual accounts filed on 31-08-2022 with the NBB · fiscal year 2021 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 64, Financial services · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-80.1%	38.8%	better than 5% of 457 sector peers
Net result	€-13k	€27k	better than 16% of 457 sector peers
Equity	€-21k	€301k	better than 7% of 457 sector peers
Gross operating margin	€-7k	€49k	better than 14% of 452 sector peers
Total assets	€26k	€1.31M	better than 5% of 457 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Net profit

€-13k

+49.7% 18-21

Total assets

€26k

-20.0% 18-21

Equity

€-21k

-175.9% 18-21

Income taxes

€390

-26.5% 18-21

Debt

€47k

+17.0% 18-21

Debt ≤ 1y

€11k

+100.0% 18-21

Debt > 1y

€36k

+4.3% 18-21

Solvency

-80.1%

-244.7% 18-21

ROE

63.8%

-81.8% 18-21

ROA

-51.0%

+37.2% 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	n/a
EBITDA	n/a
Net profit	€-13k
Cash flow	n/a
Staff costs	-
Income taxes	€390
Dividends	-
Total assets	€26k
Equity	€-21k
Debt	€47k
of which ≤ 1y	€11k
of which > 1y	€36k
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	-80.1%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	-51.0%
ROE	63.8%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2021

Assets

Fixed assets €8k · 28.9% Current assets €19k · 71.1%

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	€26k
Fixed assets	21/28	€8k
Tangible fixed assets	22/27	€6k
Financial fixed assets	28	€1k
Current assets	29/58	€19k
Amounts receivable within one year	40/41	€446
Cash & bank	54/58	€180
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€26k
Equity	10/15	€-21k
Contributions / capital	10/11	€19k
Accumulated profits (losses)	14	€-40k
Amounts payable	17/49	€47k
Amounts payable after one year	17	€36k
Amounts payable within one year	42/48	€11k
Trade debts payable within one year	44	€7k
Income statement
Gross operating margin	9900	€-7k
Operating result	9901	€-13k
Financial income	75	€699
Financial charges	65	€1k
Result before taxes	9903	€-13k
Income taxes	67/77	€390
Net result for the period	9904	€-13k
Result to be appropriated	9905	€-13k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	SOFIE DEBUSSCHERE PRES. ROOSEVELTPLEIN 1, 8500 KORTRIJK	22-10-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Activiteiten van holdings(64210)
Legal form	Private limited company (pre-2019)(015)
Incorporation	01-09-2016
Status	Active
Postal code	8501
First BS signal	28-10-2024
Latest BS signal	28-10-2024

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 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34016B0388/00C000 ProtectedMonumentHoeve Groot Reinsakker: boerenwoningSource ↗	Flanders	1.2 ha	1 · 264 m²	8.6 m · 2 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.

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

Updates 6 events

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

2024

28-10-2024

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · 1585 MASS BV GROENE- STRAAT 1/B, 8501 KORTRIJK-HEULE · event 22-10-2024

2022

31-08-2022