Age8 yrs
Real estate1 parcel · 612 m²
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for BMI according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-113k) and a net result of €-56k.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy 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 event10-04-2024
Bankruptcy
Opening
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-wideFiling 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.
Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 14-02-2023, 14 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.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 30-06. 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 30-06-2022, that is 31-01-2023.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-06-2025 | 31-01-2026 | nothing on record | not filed | - |
| 30-06-2024 | 31-01-2025 | nothing on record | not filed | - |
| 30-06-2023 | 31-01-2024 | nothing on record | not filed | - |
| 30-06-2022 | 31-01-2023 | 14-02-2023 | 14 d late | 2023-00028413 |
| 30-06-2021 | 31-01-2022 | 31-01-2022 | on the day | 2022-04300515 |
| 30-06-2020 | 31-01-2021 | 26-01-2021 | 5 d early | 2021-02200017 |
| 30-06-2019 | 31-01-2020 | 03-02-2020 | 3 d late | 2020-04500376 |
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 signalsRegister: 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€-56k+27.2%
Working capital€-79k-361.1%
Directors1
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 14-02-2023 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 49, Land transport · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -286.3% | 28.4% | |
| Net result | €-56k | €4k | |
| Equity | €-113k | €17k | |
| Gross operating margin | €-22k | €27k | |
| Staff costs | €27k | €40k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P5
Stable position over 2020-2022
· n=501-1387
P5
Stable position over 2020-2022
· n=498-1374
P5
Stable position over 2020-2022
· n=501-1396
P5
Stable position over 2020-2022
· n=496-1368
Describes the position versus peers, not a forecast.
€-51k
-
19-22
€-56k
+27.2%
19-22
€-53k
+28.5%
19-22
€40k
-55.2%
19-22
€-113k
-96.3%
19-22
€-79k
-361.1%
19-22
1
0.0%
19-22
€27k
-
19-22
Show 11 other metrics
€172
-90.7%
19-22
€153k
+4.7%
19-22
€105k
+7.0%
19-22
€48k
0.0%
19-22
0.24
-70.5%
19-22
0.24
-70.5%
19-22
-286.3%
-337.8%
19-22
-1.35
-61.4%
19-22
49.1%
-62.9%
19-22
-140.4%
-62.5%
19-22
-19.78
-
19-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-51k |
| Net profit | €-56k |
| Cash flow | €-53k |
| Staff costs | €27k |
| Income taxes | €172 |
| Dividends | - |
| Total assets | €40k |
| Equity | €-113k |
| Debt | €153k |
| of which ≤ 1y | €105k |
| of which > 1y | €48k |
| Working capital | €-79k |
| Employees (FTE) | 1.0 |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 0.24 |
| Quick ratio | 0.24 |
| Working capital ratio | -200.0% |
| Solvency | -286.3% |
| Debt / equity | -1.35 |
| Long-term debt ratio | -0.43 |
| Interest coverage | -19.78 |
| Gross margin | - |
| Net margin | - |
| ROA | -140.4% |
| ROE | 49.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €40k |
| Fixed assets | 21/28 | €14k |
| Tangible fixed assets | 22/27 | €12k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €25k |
| Amounts receivable within one year | 40/41 | €24k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €40k |
| Equity | 10/15 | €-113k |
| Contributions / capital | 10/11 | €19k |
| Accumulated profits (losses) | 14 | €-132k |
| Amounts payable | 17/49 | €153k |
| Amounts payable after one year | 17 | €48k |
| Amounts payable within one year | 42/48 | €105k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €-22k |
| Operating result | 9901 | €-53k |
| Financial income | 75 | €132 |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €-55k |
| Income taxes | 67/77 | €172 |
| Net result for the period | 9904 | €-56k |
| Result to be appropriated | 9905 | €-56k |
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2022 · computed0
/ 100
Critical
Computed from 5 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
2 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 | PETER HECHTERMANS JUSTITIESTRAAT 27 BUS 12,
2018 ANTWERPEN 1 |
04-04-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Goederenvervoer over de weg(49410) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 18-04-2018 |
| Status | Active |
| Postal code | - |
| First insolvency signal | 10-04-2024 |
| Latest insolvency signal | 10-04-2024 |
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
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Establishment units
1 locationEstablishment
since 20182.275.658.305
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area612 m²
Buildings1
Building footprint112 m²
Volume (LiDAR)2,406 m³
Tallest building29.3 m · ±7 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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. |
|---|---|---|---|---|
| 11808H1179/00Z021 | Flanders | 612 m² | 1 · 112 m² | 29.3 m · 7 fl. |
Methodology
via registered seat: 1
1 of 1 parcel 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 Gazette10-04-2024
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 act Address history · 1
14-03-2023
Registered-office move
All acts · 1
updated 3 years ago
2023
14-03-2023 Registered office moved to Antwerpen
Analysis
Financial profile
5 of 5 axes measured33
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
33
Growth
32
Stability
0
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorBE 0719.893.418 · Evergem
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BE 0774.290.028 · Machelen (Brab.)
BE 0797.293.478 · Antwerpen
BE 0775.659.015 · Sint-Jans-Molenbeek
We hold annual accounts for 2,206 of the 12,459 companies in this sector. 1,844 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Goederenvervoer over de weg49410Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)46711Handelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)45112Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)95311Handelsbemiddeling in de groothandel in andere specifieke goederen46180Groothandel in uurwerken en sieraden46480Overige niet-gespecialiseerde detailhandel47120Detailhandel in uurwerken en sieraden47770Detailhandel via postorderbedrijven of via internet47910Personenvervoer over de weg volgens dienstregeling49310
Primary activity highlighted.
Names & trade names
| Legal nameNL | BMI |
| Trade nameNL | BMI |
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.