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ADDREAMS

Active
Chemin Vert(N) 21 ·7730 Estaimpuis, Belgium
Open bankruptcy
KBO/BCE: BE 0769.924.038
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Belgian State Gazette acts: 0 of 1 read
Age5 yrs
Real estate2 parcels · 425 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for ADDREAMS according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-28) and a net result of €-7k.

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

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.

Insolvency timeline

1 events
05-02-2024
Bankruptcy Opening
Date: 30-01-2024 · Tribunal de l’entreprise du Hainaut, division Tournai · ADDREAMS SRL CHEMIN VERT 21, 7730 NECHIN · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 22-09-2023, 53 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.
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.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. 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 31-12-2022, that is 31-07-2023.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2022 31-07-2023 22-09-2023 53 d late 2023-00453376

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

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

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€-7k
Working capital€1k
Directors1

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 22-09-2023 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -0.1% 19.8%
better than 26% of 4418 sector peers
Net result €-7k €2k
better than 24% of 4402 sector peers
Equity €-28 €14k
better than 27% of 4427 sector peers
Gross operating margin €6k €19k
better than 34% of 4392 sector peers
Staff costs €2k €30k
higher than 11% of 1949 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2022
Depositmicro
Revenue-
EBITDA€2k
Net profit€-7k
Cash flow€-1k
Staff costs€2k
Income taxes€7
Dividends-
Total assets€33k
Equity€-28
Debt€33k
of which ≤ 1y€17k
of which > 1y€15k
Working capital€1k
Employees (FTE)0.3
Ratios (computed)
2022
Current ratio1.08
Quick ratio0.69
Working capital ratio3.9%
Solvency-0.1%
Debt / equity-1185.13
Long-term debt ratio-553.75
Interest coverage0.61
Gross margin-
Net margin-
ROA-21.4%
ROE25379.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€33k
Fixed assets 21/28€4k
Formation expenses 20€10k
Tangible fixed assets 22/27€2k
Financial fixed assets 28€3k
Current assets 29/58€18k
Stocks & contracts in progress 3€6k
Amounts receivable within one year 40/41€3k
Cash & bank 54/58€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€33k
Equity 10/15€-28
Contributions / capital 10/11€7k
Accumulated profits (losses) 14€-7k
Amounts payable 17/49€33k
Amounts payable after one year 17€15k
Amounts payable within one year 42/48€17k
Trade debts payable within one year 44€7k
Income statement
Gross operating margin 9900€6k
Operating result 9901€-4k
Financial income 75€31
Financial charges 65€4k
Result before taxes 9903€-7k
Income taxes 67/77€7
Net result for the period 9904€-7k
Result to be appropriated 9905€-7k
Ratios computed by Checked.

Health barometer

FY 2022 · 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 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

1 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator LUCIE DUVINAGE
PLACE DE WATTRIPONT 8, 7910 06 WATTRIPONT- . Date provisoire de cessation de paiement : 30/01/2024
 30-01-2024 → present Belgian State Gazette

Legal Structure

NACE primary Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110)
Legal form Private limited company(610)
Incorporation21-06-2021
StatusActive
Postal code7730
First BS signal 05-02-2024
Latest BS signal 05-02-2024

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

1 location
ADDREAMS
Kortrijkstraat 11, 7700 MouscronDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
since 20212.318.360.970
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area425 m²
Buildings2
Building footprint103 m²
Volume (LiDAR)967 m³
Tallest building12.1 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 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57058A0126/00T000 Wallonia 238 m² 1 · 53 m² 12.1 m · 3 fl.
54007B0851/00T000 Wallonia 187 m² 1 · 50 m² 11.0 m · 3 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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
05-02-2024
Bankruptcy Opening
Date: 30-01-2024 · Tribunal de l’entreprise du Hainaut, division Tournai · ADDREAMS SRL CHEMIN VERT 21, 7730 NECHIN · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-02-05 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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

Financial profile

4 of 5 axes measured
Health0Profitability100Solvency46Growth-Stability0
36 / 100

Fragile profile, watch health in particular.

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

Health 0
Profitability 100
Solvency 46
Growth -
Stability 0

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

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

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 1,663 of the 10,431 companies in this sector.

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 ADDREAMS
Registered office
Chemin Vert(N) 21
7730 Estaimpuis, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.