Active BE 0427.914.411Limited partnershipOpen bankruptcy

CARWALL

Rue de la Spinette, Boig. sn ·5140 Sombreffe, Belgium· 40 yrs active

Sector: NACE 29201 (29201)

Conclusion Checked

A bankruptcy procedure is open for CARWALL according to publications in the Belgian State Gazette. The 2019 annual accounts show equity of €2.18M and a net result of €-489k.

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

Key figures

Equity	€2.18M
Net result	€-489k
Staff (FTE)	182
Active	40 yrs

Snowflake analysis 4 of 5 axes measured · computed by Checked

24 / 100

Fragile profile, watch stability 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 5

Profitability 7

Solvency 84

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

50 / 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

· Open bankruptcy (+50)

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.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

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

5 / 100 Critical

050100

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.

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Computed by Checked from the NBB filing for FY 2019 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 28-11-2019 with the NBB · fiscal year 2019 · volledig

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	volledig
Revenue	€7.93M
EBITDA	€328k
Net profit	€-489k
Cash flow	€-339k
Staff costs	-
Income taxes	€813
Dividends	-
Total assets	€5.46M
Equity	€2.18M
Debt	€2.82M
of which ≤ 1y	€2.75M
of which > 1y	-
Working capital	€2.25M
Employees (FTE)	182.0

Ratios (computed)

	2019
Current ratio	1.82
Quick ratio	1.22
Working capital ratio	41.2%
Solvency	40.0%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	44.11
Gross margin	-
Net margin	-6.2%
ROA	-9.0%
ROE	-22.4%
EBITDA margin	4.1%
Days sales outstanding	61d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €460k · 8.4% Current assets €5.00M · 91.6%

Equity & liabilities

Equity €2.18M · 40.0% Provisions €457k · 8.4% Debt €2.82M · 51.7%

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	€5.46M
Fixed assets	21/28	€460k
Tangible fixed assets	22/27	€218k
Financial fixed assets	28	€243k
Current assets	29/58	€5.00M
Stocks & contracts in progress	3	€1.65M
Amounts receivable within one year	40/41	€1.33M
Cash & bank	54/58	€1.85M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€5.46M
Equity	10/15	€2.18M
Contributions / capital	10/11	€2.50M
Reserves	13	€172k
Accumulated profits (losses)	14	€-489k
Provisions & deferred taxes	16	€457k
Amounts payable	17/49	€2.82M
Amounts payable within one year	42/48	€2.75M
Trade debts payable within one year	44	€1.45M
Income statement
Turnover	70	€7.93M
Operating result	9901	€178k
Financial income	75	€58k
Financial charges	65	€20k
Result before taxes	9903	€215k
Income taxes	67/77	€813
Net result for the period	9904	€214k
Result to be appropriated	9905	€214k

Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	ISABELLE SOHET AVENUE REINE ASTRID, 4, 5000 NAMUR ↔ Also on 28 other cases	02-12-2019 → present	Belgian State Gazette
Curator	JEAN SINE RUE DE FLEURUS 120 A, 5030 GEMBLOUX ↔ Also on 23 other cases	02-12-2019 → present	Belgian State Gazette

Legal Structure

NACE primary	29201
Legal form	Limited partnership(012)
Incorporation	23-10-1985
Status	Active
Postal code	5140
First BS signal	09-12-2019
Latest BS signal	09-12-2019

Company structure, linked entities2 linked entities

Mandates

↔ 2 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

Rue de la Spinette, Boig., 5140 Sombreffe

Vervaardiging van machines en apparaten voor algemeen gebruik

since 19852.028.112.622

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.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92313D0113/00C003	Wallonia	3,236 m²	1 · 1,192 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.

2019

09-12-2019

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Namur · CARWALL SCS RUE DE LA SPINETTE, 5140 BOIGNEE · event 02-12-2019

28-11-2019