Active BE 0507.944.755Public limited company

ALLIANCE PARTICIPATIONS

Avenue Blonden 7/9 ·4000 Liège, Belgium· 11 yrs active

Sector: Activiteiten van gemengde verzekeringsondernemingen, overwegend niet-leven (65122)

Conclusion Checked

The KBO register records legal situation 050 for ALLIANCE PARTICIPATIONS (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2019 annual accounts show equity of €3.01M and a net result of €-2.27M.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€3.01M
Net result	€-2.27M
Staff (FTE)	0.8
Active	11 yrs

Financial profile 4 of 5 axes measured · computed by Checked

16 / 100

Fragile profile, watch stability in particular.

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

Health -

Profitability 15

Solvency 23

Growth 27

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

20 / 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

· 2 judicial reorganisations (+20)

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.

In judicial reorganisation

Ongoing procedure under court protection (Book XX WER). The company is restructuring.

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

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 29-07-2020 with the NBB · fiscal year 2019 · volledig

RevenueOperating resultNet result

Net profit

€-2.27M

-27.0% 18-19

Total assets

€13.13M

-0.1% 18-19

Equity

€3.01M

-13.8% 18-19

Employees (FTE)

1

-11.1% 18-19

Debt

€10.08M

+4.4% 18-19

Debt ≤ 1y

€9.83M

+12.4% 18-19

Solvency

22.9%

-13.7% 18-19

ROE

-75.4%

-47.3% 18-19

Show 1 other metrics

ROA

-17.3%

-27.1% 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	volledig
Revenue	n/a
EBITDA	n/a
Net profit	€-2.27M
Cash flow	n/a
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€13.13M
Equity	€3.01M
Debt	€10.08M
of which ≤ 1y	€9.83M
of which > 1y	-
Working capital	n/a
Employees (FTE)	0.8

Ratios (computed)

	2019
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	22.9%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	-17.3%
ROE	-75.4%
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 2019

Assets

Fixed assets €13.05M · 99.6% Current assets €50k · 0.4%

Equity & liabilities

Equity €3.01M · 22.9% Provisions €37k · 0.3% Debt €10.08M · 76.8%

Full annual accounts (23 line items)

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

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€13.13M
Fixed assets	21/28	€13.05M
Formation expenses	20	€25k
Tangible fixed assets	22/27	€466
Financial fixed assets	28	€13.05M
Current assets	29/58	€50k
Amounts receivable within one year	40/41	€45k
Cash & bank	54/58	€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€13.13M
Equity	10/15	€3.01M
Contributions / capital	10/11	€5.28M
Accumulated profits (losses)	14	€-2.27M
Provisions & deferred taxes	16	€37k
Amounts payable	17/49	€10.08M
Amounts payable within one year	42/48	€9.83M
Trade debts payable within one year	44	€45k
Income statement
Turnover	70	€937k
Operating result	9901	€40k
Financial income	75	€3
Financial charges	65	€485k
Result before taxes	9903	€-482k
Net result for the period	9904	€-482k
Result to be appropriated	9905	€-482k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Activiteiten van gemengde verzekeringsondernemingen, overwegend niet-leven(65122)
Legal form	Public limited company(014)
Incorporation	06-01-2015
Status	Active
Postal code	4000
First BS signal	03-03-2021
Latest BS signal	28-06-2021

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.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62805B0476/00P025 ProtectedArchitectural ensemble	Wallonia	371 m²	1 · 272 m²	35.8 m · 12 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 7 events

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

2021

28-06-2021

Judicial reorganisation Extension

Tribunal de l’entreprise de Liège · collectif · event 22-06-2021

03-03-2021

Judicial reorganisation Extension

Tribunal de l’entreprise de Liège · collectif · event 25-02-2021

2020

29-07-2020