Active BE 0500.851.184Private limited company (pre-2019)Open bankruptcy

A & K

Louizalaan 54 ·1050 Brussel, Belgium· 13 yrs active

Sector: Detailhandel in tabaksproducten (47260)

Conclusion Checked

A bankruptcy procedure is open for A & K according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-119k) and a net result of €-267k.

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

Key figures

Equity	€-119k
Net result	€-267k
Better than sector	11%
Active	13 yrs

Financial profile 5 of 5 axes measured · computed by Checked

34 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 40

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 Flags0 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 FY 2021 · computed

0 / 100 Critical

050100

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.

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 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview9 NBB filings

Annual accounts filed on 27-07-2022 with the NBB · fiscal year 2021 · volledig

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 47, Retail trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-23.6%	23.6%	better than 11% of 607 sector peers
Net result	€-267k	€15k	better than 5% of 607 sector peers
Equity	€-119k	€118k	better than 9% of 609 sector peers
Gross operating margin	€-58k	€137k	better than 5% of 519 sector peers
Staff costs	€82k	€150k	higher than 37% of 413 sector peers

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

EBITDA

€-153k

- 18-21

Net profit

€-267k

- 18-21

Cash flow

€-150k

- 18-21

Total assets

€501k

-55.6% 18-21

Equity

€-119k

- 18-21

Working capital

€-135k

- 18-21

Employees (FTE)

8

- 18-21

Staff costs

€82k

- 18-21

Show 11 other metrics

Income taxes

€2

-99.9% 18-21

Debt

€620k

-36.7% 18-21

Debt ≤ 1y

€620k

-36.6% 18-21

Debt > 1y

€7k

- 18-21

Current ratio

0.78

-22.4% 18-21

Quick ratio

0.78

-3.2% 18-21

Solvency

-23.6%

- 18-21

Debt / equity

-5.23

- 18-21

ROE

225.3%

+741.4% 18-21

ROA

-53.3%

- 18-21

Interest coverage

-18.82

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	volledig
Revenue	-
EBITDA	€-153k
Net profit	€-267k
Cash flow	€-150k
Staff costs	€82k
Income taxes	€2
Dividends	-
Total assets	€501k
Equity	€-119k
Debt	€620k
of which ≤ 1y	€620k
of which > 1y	-
Working capital	€-135k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	0.78
Quick ratio	0.78
Working capital ratio	-26.9%
Solvency	-23.6%
Debt / equity	-5.23
Long-term debt ratio	-
Interest coverage	-18.82
Gross margin	-
Net margin	-
ROA	-53.3%
ROE	225.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €16k · 3.3% Current assets €485k · 96.7%

Full annual accounts (21 line items)

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€501k
Fixed assets	21/28	€16k
Financial fixed assets	28	€16k
Current assets	29/58	€485k
Amounts receivable within one year	40/41	€435k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€501k
Equity	10/15	€-119k
Contributions / capital	10/11	€6k
Reserves	13	€2k
Accumulated profits (losses)	14	€-127k
Amounts payable	17/49	€620k
Amounts payable within one year	42/48	€620k
Trade debts payable within one year	44	€404k
Income statement
Gross operating margin	9900	€-58k
Operating result	9901	€-270k
Financial income	75	€11k
Financial charges	65	€8k
Result before taxes	9903	€-267k
Income taxes	67/77	€2
Net result for the period	9904	€-267k
Result to be appropriated	9905	€-267k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	Philippe DECHAMPS DREVE DES RENARDS 8/7, 1180 BRUXELLES 18	22-07-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Detailhandel in tabaksproducten(47260)
Legal form	Private limited company (pre-2019)(015)
Incorporation	16-11-2012
Status	Active
Postal code	1050
First BS signal	29-07-2022
Latest BS signal	29-07-2022

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.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21807G0001/00L000	Brussels	1,625 m²	1 · 1,286 m²	33.9 m · 9 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.

Updates 10 events

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

2022

29-07-2022

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · A & K SPRL AVENUE LOUISE 54, 1050 IXELLES · event 22-07-2022

27-07-2022