Active BE 0476.748.763Public limited companyOpen bankruptcy

ANDERSEN DEVELOPMENT

· 24 yrs active

Conclusion Checked

A bankruptcy procedure is open for ANDERSEN DEVELOPMENT according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-503k) and a net result of €-758k.

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

Key figures

Equity	€-503k
Net result	€-758k
Active	24 yrs
Locations	1

Snowflake analysis 5 axes · computed by Checked

26 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 100

Solvency 0

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 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 2020 · 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 08-11-2021 with the NBB · fiscal year 2020 · micro

Operating resultNet result

EBITDA

€-250k

- 18-20

Net profit

€-758k

-78.2% 18-20

Cash flow

€-755k

-78.1% 18-20

Total assets

€237k

-79.3% 18-20

Equity

€-503k

- 18-20

Working capital

€-676k

-331.4% 18-20

Employees (FTE)

1

0.0% 18-20

Income taxes

€12k

- 18-20

Debt

€740k

-26.5% 18-20

Debt ≤ 1y

€740k

-26.5% 18-20

Current ratio

0.09

-89.8% 18-20

Quick ratio

0.09

-89.8% 18-20

Solvency

-211.6%

- 18-20

ROE

150.9%

- 18-20

ROA

-319.3%

-759.9% 18-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Revenue	-
EBITDA	€-250k
Net profit	€-758k
Cash flow	€-755k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€237k
Equity	€-503k
Debt	€740k
of which ≤ 1y	€740k
of which > 1y	-
Working capital	€-676k
Employees (FTE)	-

Ratios (computed)

	2020
Current ratio	0.09
Quick ratio	0.09
Working capital ratio	-284.9%
Solvency	-211.6%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-319.3%
ROE	150.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €174k · 73.2% Current assets €64k · 26.8%

Full annual accounts

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

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€237k
Fixed assets	21/28	€174k
Financial fixed assets	28	€174k
Current assets	29/58	€64k
Amounts receivable within one year	40/41	€59k
Cash & bank	54/58	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€237k
Equity	10/15	€-503k
Contributions / capital	10/11	€62k
Reserves	13	€194k
Accumulated profits (losses)	14	€-758k
Amounts payable	17/49	€740k
Amounts payable within one year	42/48	€740k
Trade debts payable within one year	44	€279k
Income statement
Gross operating margin	9900	€34k
Operating result	9901	€-253k
Financial charges	65	€80k
Result before taxes	9903	€-333k
Net result for the period	9904	€-333k
Result to be appropriated	9905	€-333k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	FRANCOIS LE GENTIL DE ROSMORDUC AVENUE LOUISE 349/17, 1050 IXELLES	18-04-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	-
Legal form	Public limited company(014)
Incorporation	21-02-2002
Status	Active
Postal code	-
First BS signal	28-04-2025
Latest BS signal	28-04-2025

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

Andersen Development

Financiële holdings

since 20022.115.099.252

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.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21807G0120/00L005	Brussels	700 m²	1 · 700 m²	32.2 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 11 events

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

2025

28-04-2025

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · SA ANDERSEN DEVELOPMENT AVENUE LOUISE 205/4, 1050 IXELLES · event 18-04-2025

2021

08-11-2021