Active BE 0439.403.169Coöperatieve vennootschap met beperkte aansprakelijkheidOpen bankruptcy

CHANG ET SIU

Amerikaanse straat 89 ·1050 Elsene, Belgium· 36 yrs active

Conclusion Checked

A bankruptcy procedure is open for CHANG ET SIU according to publications in the Belgian State Gazette. The 2018 annual accounts show negative equity (€-88k) and a net result of €-112k.

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

Key figures

Equity	€-88k
Net result	€-112k
Active	36 yrs
Locations	1

Financial profile 4 of 5 axes measured · computed by Checked

25 / 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 0

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 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 an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-08-2019 with the NBB · fiscal year 2018 · micro

Highlight YoY changes (±10%)

Fiscal year	2018
Deposit	micro
Revenue	-
EBITDA	€8k
Net profit	€-112k
Cash flow	€-94k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€49k
Equity	€-88k
Debt	€137k
of which ≤ 1y	€131k
of which > 1y	-
Working capital	€-117k
Employees (FTE)	-

Ratios (computed)

	2018
Current ratio	0.11
Quick ratio	0.02
Working capital ratio	-237.3%
Solvency	-178.0%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-226.5%
ROE	127.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €35k · 71.2% Current assets €14k · 28.8%

Full annual accounts (21 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	€49k
Fixed assets	21/28	€35k
Tangible fixed assets	22/27	€35k
Current assets	29/58	€14k
Stocks & contracts in progress	3	€11k
Cash & bank	54/58	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€49k
Equity	10/15	€-88k
Contributions / capital	10/11	€19k
Reserves	13	€924
Accumulated profits (losses)	14	€-112k
Amounts payable	17/49	€137k
Amounts payable within one year	42/48	€131k
Trade debts payable within one year	44	€9k
Income statement
Gross operating margin	9900	€70k
Operating result	9901	€-10k
Financial income	75	€2k
Financial charges	65	€2k
Result before taxes	9903	€-9k
Net result for the period	9904	€-9k
Result to be appropriated	9905	€-9k

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	JACQUES PIRON AVENUE DE LA TOISON D’OR 77, 1060 BRUXELLES 6	14-03-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	-
Legal form	Coöperatieve vennootschap met beperkte aansprakelijkheid(008)
Incorporation	03-12-1989
Status	Active
Postal code	1050
First BS signal	21-03-2022
Latest BS signal	21-03-2022

Establishment units 1 location

Le Bout De Gras

Amerikaanse straat 89, 1050 Elseneproductie van verse kant- en klaarmaaltijden die vlees bevatten.

since 19902.046.825.803

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.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21447B0296/00T005	Brussels	172 m²	1 · 98 m²	18.1 m · 5 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.

2022

21-03-2022

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · CHANG ET SIU SCRL RUE AMERI- CAINE 89, 1050 IXELLES · event 14-03-2022

2019

30-08-2019