Active BE 0882.584.291Private limited company (pre-2019)

BMPROJECTS

Ten Bergstraat 4 ·2830 Willebroek, Belgium· 20 yrs active

Sector: Ontwerpen van textielpatronen, kleding, juwelen, meubels en decoratieartikelen (74111)

Conclusion Checked

The KBO register records legal situation 050 for BMPROJECTS (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2018 annual accounts show negative equity (€-218k) and a net result of €-238k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€-218k
Net result	€-238k
Staff (FTE)	13.8
Active	20 yrs

Financial profile 4 of 5 axes measured · computed by Checked

35 / 100

Fragile profile, watch health in particular.

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

Health 0

Profitability 100

Solvency 41

Growth -

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

10 / 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

· 1 judicial reorganisation (+10)

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 FY 2018 · computed

0 / 100 Critical

050100

Computed from 3 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 2018 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 17-07-2019 with the NBB · fiscal year 2018 · verkort

Highlight YoY changes (±10%)

Fiscal year	2018
Deposit	verkort
Revenue	-
EBITDA	€-320k
Net profit	€-238k
Cash flow	€-174k
Staff costs	-
Income taxes	€2k
Dividends	-
Total assets	€1.79M
Equity	€-218k
Debt	€2.01M
of which ≤ 1y	€1.85M
of which > 1y	€166k
Working capital	€-256k
Employees (FTE)	13.8

Ratios (computed)

	2018
Current ratio	0.86
Quick ratio	0.80
Working capital ratio	-14.3%
Solvency	-12.1%
Debt / equity	-0.76
Long-term debt ratio	-0.76
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-13.3%
ROE	109.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €204k · 11.4% Current assets €1.59M · 88.6%

Full annual accounts (26 line items)

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

Line item	Code	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.79M
Fixed assets	21/28	€204k
Intangible fixed assets	21	€18k
Tangible fixed assets	22/27	€178k
Financial fixed assets	28	€8k
Current assets	29/58	€1.59M
Stocks & contracts in progress	3	€116k
Amounts receivable within one year	40/41	€1.32M
Cash & bank	54/58	€147k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.79M
Equity	10/15	€-218k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€-238k
Amounts payable	17/49	€2.01M
Amounts payable after one year	17	€166k
Amounts payable within one year	42/48	€1.85M
Trade debts payable within one year	44	€1.22M
Income statement
Gross operating margin	9900	€518k
Operating result	9901	€-384k
Financial income	75	€242
Financial charges	65	€13k
Result before taxes	9903	€-397k
Income taxes	67/77	€2k
Net result for the period	9904	€-399k
Result to be appropriated	9905	€-399k

Ratios computed by Checked.

Legal Structure

NACE primary	Ontwerpen van textielpatronen, kleding, juwelen, meubels en decoratieartikelen(74111)
Legal form	Private limited company (pre-2019)(015)
Incorporation	17-07-2006
Status	Active
Postal code	2830
First insolvency signal	02-01-2020
Latest insolvency signal	02-01-2020

Establishment units 1 location

BMprojects

Ten Bergstraat 4, 2830 WillebroekOrganisatie van salons, tentoonstellingen en beurzen

since 20062.156.002.865

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.
12342C0558/00B000	Flanders	1.4 ha	1 · 6,097 m²	21.5 m · 2 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.

Updates 11 events

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

2020

02-01-2020

Judicial reorganisation Opening

Ondernemingsrechtbank Antwerpen · collectif · event 24-12-2019

2019

17-07-2019