Active BE 0830.545.771Private limited company (pre-2019)

ARCADE 1

Avenue P. Van Hoegaerden 13 ·4130 Esneux, Belgium· 15 yrs active

Sector: Algemene bouw van residentiële gebouwen (41001)

Conclusion Checked

The KBO register records legal situation 050 for ARCADE 1 (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2019 annual accounts show negative equity (€-87k) and a net result of €-116k.

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

Key figures

Equity	€-87k
Net result	€-116k
Staff (FTE)	3
Active	15 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

26 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

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

0 / 100

Low 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.

Trust signals 1 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.

Administrative Flags 0 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 2019 · 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.

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Computed by Checked from the NBB filing for FY 2019 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview9 NBB filings

Annual accounts filed on 14-09-2020 with the NBB · fiscal year 2019 · micro

Operating resultNet result

EBITDA

€-67k

-1831.1% 18-19

Net profit

€-116k

-333.7% 18-19

Cash flow

€-101k

-742.6% 18-19

Total assets

€137k

-33.8% 18-19

Equity

€-87k

- 18-19

Working capital

€-113k

-211.1% 18-19

Employees (FTE)

3

-9.1% 18-19

Debt

€223k

+9.6% 18-19

Debt ≤ 1y

€223k

+9.6% 18-19

Current ratio

0.49

-40.0% 18-19

Quick ratio

0.49

-40.0% 18-19

Solvency

-63.3%

- 18-19

ROE

134.2%

- 18-19

ROA

-85.0%

-555.0% 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	micro
Revenue	-
EBITDA	€-67k
Net profit	€-116k
Cash flow	€-101k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€137k
Equity	€-87k
Debt	€223k
of which ≤ 1y	€223k
of which > 1y	-
Working capital	€-113k
Employees (FTE)	3.0

Ratios (computed)

	2019
Current ratio	0.49
Quick ratio	0.49
Working capital ratio	-82.8%
Solvency	-63.3%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-85.0%
ROE	134.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €27k · 19.5% Current assets €110k · 80.5%

Full annual accounts

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

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€137k
Fixed assets	21/28	€27k
Formation expenses	20	€0
Tangible fixed assets	22/27	€26k
Financial fixed assets	28	€250
Current assets	29/58	€110k
Stocks & contracts in progress	3	€40k
Amounts receivable within one year	40/41	€57k
Cash & bank	54/58	€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€137k
Equity	10/15	€-87k
Contributions / capital	10/11	€19k
Reserves	13	€11k
Accumulated profits (losses)	14	€-116k
Amounts payable	17/49	€223k
Amounts payable within one year	42/48	€223k
Trade debts payable within one year	44	€102k
Income statement
Gross operating margin	9900	€60k
Operating result	9901	€-82k
Financial income	75	€34
Financial charges	65	€7k
Result before taxes	9903	€-89k
Net result for the period	9904	€-89k
Result to be appropriated	9905	€-89k

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Ratios computed by Checked.

Legal Structure

NACE primary	Algemene bouw van residentiële gebouwen(41001)
Legal form	Private limited company (pre-2019)(015)
Incorporation	22-10-2010
Status	Active
Postal code	4130

Establishment units 1 location

ARCADE 1

Avenue P. Van Hoegaerden 13, 4130 EsneuxVervaardiging van gesmede werkstukken van metaal voor rekening van derden.

since 20122.207.059.014

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Updates 9 events

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

2020

14-09-2020