Active BE 0463.691.672Private limited company (pre-2019)Open bankruptcy

B&CO

Brugsesteenweg(Kor) 223 ·8500 Kortrijk, Belgium· 27 yrs active

Sector: Retail trade (47251)

Conclusion Checked

A bankruptcy procedure is open for B&CO according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €89k and a net result of €2k.

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

Key figures

Equity	€89k
Net result	€2k
Staff (FTE)	0.9
Better than sector	35%

Snowflake analysis 5 axes · computed by Checked

23 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 13

Solvency 22

Growth 78

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 2021 · 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 27-10-2021 with the NBB · fiscal year 2021 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 47 — Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	6.1%	14.5%	better than 35% of 38 sector peers
Net result	€2k	€4k	better than 39% of 38 sector peers
Equity	€89k	€46k	better than 57% of 38 sector peers
Gross operating margin	€159k	€184k	better than 46% of 38 sector peers
Total assets	€1.47M	€464k	better than 95% of 38 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€63k

-31.3% 19–21

Net profit

€2k

-58.2% 19–21

Cash flow

€39k

-14.4% 19–21

Total assets

€1.47M

+3.3% 19–21

Equity

€89k

+2.7% 19–21

Working capital

€277k

-13.2% 19–21

Employees (FTE)

1

-30.8% 19–21

Income taxes

€3k

— 19–21

Debt

€1.38M

+3.3% 19–21

Debt ≤ 1y

€947k

+14.7% 19–21

Debt > 1y

€412k

-4.7% 19–21

Current ratio

1.29

-6.8% 19–21

Quick ratio

0.50

+12.5% 19–21

Solvency

6.1%

-0.5% 19–21

Debt / equity

4.63

-7.3% 19–21

ROE

2.7%

-59.3% 19–21

ROA

0.2%

-59.5% 19–21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Revenue	—
EBITDA	€63k
Net profit	€2k
Cash flow	€39k
Staff costs	—
Income taxes	€3k
Dividends	—
Total assets	€1.47M
Equity	€89k
Debt	€1.38M
of which ≤ 1y	€947k
of which > 1y	€412k
Working capital	€277k
Employees (FTE)	0.9

Ratios (computed)

	2021
Current ratio	1.29
Quick ratio	0.50
Working capital ratio	18.9%
Solvency	6.1%
Debt / equity	4.63
Long-term debt ratio	4.63
Interest coverage	—
Gross margin	—
Net margin	—
ROA	0.2%
ROE	2.7%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2021

Assets

Fixed assets €245k · 16.7% Current assets €1.22M · 83.4%

Equity & liabilities

Equity €89k · 6.1% Debt €1.38M · 93.9%

Full annual accounts

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

Line item	Code	2021
Balance sheet — Assets
TOTAL ASSETS	20/58	€1.47M
Fixed assets	21/28	€245k
Intangible fixed assets	21	€2k
Tangible fixed assets	22/27	€242k
Financial fixed assets	28	€1k
Current assets	29/58	€1.22M
Stocks & contracts in progress	3	€752k
Amounts receivable within one year	40/41	€393k
Investments	50/53	€0
Cash & bank	54/58	€32k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.47M
Equity	10/15	€89k
Reserves	13	€70k
Amounts payable	17/49	€1.38M
Amounts payable after one year	17	€412k
Amounts payable within one year	42/48	€947k
Trade debts payable within one year	44	€439k
Income statement
Gross operating margin	9900	€159k
Operating result	9901	€27k
Financial income	75	€3k
Financial charges	65	€24k
Result before taxes	9903	€5k
Income taxes	67/77	€3k
Net result for the period	9904	€2k
Result to be appropriated	9905	€2k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	Geert SOETAERT Groeningestraat 33, 8500 KORTRIJK- ↔ Also on 54 other cases	19-11-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Retail trade(47251)
Legal form	Private limited company (pre-2019)(015)
Incorporation	09-07-1998
Status	Active
Postal code	8500
First BS signal	25-11-2024
Latest BS signal	25-11-2024

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

B&CO

Brugsesteenweg(Kor) 223, 8500 Kortrijkde groothandel in alcoholische en andere dranken

since 19982.087.965.085

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.
34352A0142/00Y005	Flanders	1,457 m²	—	—

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.

2024

25-11-2024

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · B&CO BV BRUGSE- STEENWEG 223A, 8500 KORTRIJK · event 19-11-2024

2021

27-10-2021