Active BE 0881.044.763Public limited companyOpen bankruptcy

Buildsmart

Doelhaagstraat 77 ·2840 Rumst, Belgium· 20 yrs active

Sector: Wholesale trade (46130)

Conclusion Checked

A bankruptcy procedure is open for Buildsmart according to publications in the Belgian State Gazette. The 2019 annual accounts show negative equity (€-1.59M) and a net result of €-3.63M.

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

Key figures

Equity	€-1.59M
Net result	€-3.63M
Staff (FTE)	4.8
Active	20 yrs

Snowflake analysis 5 axes · computed by Checked

37 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 100

Solvency 33

Growth 50

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 2019 · 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 30-01-2024 with the NBB · fiscal year 2023 · verkort

Highlight YoY changes (±10%)

Fiscal year	2019
Revenue	-
EBITDA	€-1.23M
Net profit	€-3.63M
Cash flow	€-3.57M
Staff costs	-
Income taxes	€1k
Dividends	-
Total assets	€458k
Equity	€-1.59M
Debt	€2.05M
of which ≤ 1y	€627k
of which > 1y	€1.42M
Working capital	€-508k
Employees (FTE)	4.8

Ratios (computed)

	2019
Current ratio	0.19
Quick ratio	0.11
Working capital ratio	-111.0%
Solvency	-346.9%
Debt / equity	-0.89
Long-term debt ratio	-0.89
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-792.2%
ROE	228.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €338k · 73.9% Current assets €119k · 26.1%

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	€458k
Fixed assets	21/28	€338k
Intangible fixed assets	21	€0
Tangible fixed assets	22/27	€338k
Current assets	29/58	€119k
Stocks & contracts in progress	3	€53k
Amounts receivable within one year	40/41	€53k
Cash & bank	54/58	€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€458k
Equity	10/15	€-1.59M
Contributions / capital	10/11	€2.04M
Accumulated profits (losses)	14	€-3.63M
Amounts payable	17/49	€2.05M
Amounts payable after one year	17	€1.42M
Amounts payable within one year	42/48	€627k
Trade debts payable within one year	44	€269k
Income statement
Gross operating margin	9900	€-807k
Operating result	9901	€-1.29M
Financial income	75	€1k
Financial charges	65	€38k
Result before taxes	9903	€-1.43M
Income taxes	67/77	€1k
Net result for the period	9904	€-1.43M
Result to be appropriated	9905	€-1.43M

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	WILFRIED JORIS MARKTPLEIN 22, 2110 WIJNEGEM-	01-10-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Wholesale trade(46130)
Legal form	Public limited company(014)
Incorporation	02-05-2006
Status	Active
Postal code	2840
First BS signal	07-10-2024
Latest BS signal	07-10-2024

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

Buildsmart

Doelhaagstraat 77, 2840 RumstHandelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren

since 20062.154.921.910

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.
11037B0458/00V000	Flanders	6.3 ha	1 · 502 m²	10.8 m · 3 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.

2024

07-10-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · BUILDSMART NV DOELHAAG- STRAAT 77/4, 2840 RUMST · event 01-10-2024

30-01-2024