Active BE 0892.088.511Public limited companyOpen bankruptcy

ACTION REACTION

St. Antoniusbaan 254 ·2980 Zoersel, Belgium· 18 yrs active

Sector: NACE 93130 (93130)

Conclusion Checked

A bankruptcy procedure is open for ACTION REACTION according to publications in the Belgian State Gazette. The 2018 annual accounts show negative equity (€-65k) and a net result of €-234k.

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

Key figures

Equity	€-65k
Net result	€-234k
Staff (FTE)	1.6
Active	18 yrs

Snowflake analysis 5 axes · computed by Checked

37 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 100

Solvency 35

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 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 2018 · 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 26-08-2019 with the NBB · fiscal year 2018 · micro

Highlight YoY changes (±10%)

Fiscal year	2018
Revenue	-
EBITDA	€-199k
Net profit	€-234k
Cash flow	€-202k
Staff costs	-
Income taxes	€-1
Dividends	-
Total assets	€132k
Equity	€-65k
Debt	€198k
of which ≤ 1y	€98k
of which > 1y	€100k
Working capital	€-40k
Employees (FTE)	1.6

Ratios (computed)

	2018
Current ratio	0.59
Quick ratio	0.59
Working capital ratio	-30.4%
Solvency	-49.5%
Debt / equity	-1.53
Long-term debt ratio	-1.53
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-176.9%
ROE	357.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €75k · 56.5% Current assets €58k · 43.5%

Full annual accounts

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

Line item	Code	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€132k
Fixed assets	21/28	€75k
Intangible fixed assets	21	€17k
Tangible fixed assets	22/27	€58k
Financial fixed assets	28	€400
Current assets	29/58	€58k
Amounts receivable within one year	40/41	€58k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€132k
Equity	10/15	€-65k
Contributions / capital	10/11	€169k
Accumulated profits (losses)	14	€-234k
Amounts payable	17/49	€198k
Amounts payable after one year	17	€100k
Amounts payable within one year	42/48	€98k
Trade debts payable within one year	44	€73k
Income statement
Gross operating margin	9900	€-146k
Operating result	9901	€-230k
Financial income	75	€31
Financial charges	65	€2k
Result before taxes	9903	€-233k
Income taxes	67/77	€-1
Net result for the period	9904	€-233k
Result to be appropriated	9905	€-233k

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	BORG MOESTERMANS GENERAAL VAN MERLEN- STRAAT 3, 2600 BERCHEM (ANTWERPEN)- ↔ Also on 80 other cases	10-09-2019 → present	Belgian State Gazette

Legal Structure

NACE primary	93130
Legal form	Public limited company(014)
Incorporation	17-09-2007
Status	Active
Postal code	2980
First BS signal	16-09-2019
Latest BS signal	16-09-2019

Company structure, linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

FITCLASS DEURNE

St. Antoniusbaan 254, 2980 Zoerselde groothandel in alcoholische en andere dranken

since 20072.165.780.069

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 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11055A0070/00W005	Flanders	3.9 ha	1 · 271 m²	19.1 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.

Updates 11 events

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

2019

16-09-2019

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · ACTION REACTION NV ST.ANTONIUSBAAN 254, 2980 ZOERSEL · event 10-09-2019

26-08-2019