Choice co-op
Open bankruptcySummary
A bankruptcy procedure is open for Choice co-op according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €6.66M and a net result of €-19k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-10-2022, 78 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.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
78 d late
2020
19 d late
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€6.66M▼ 15.5%
2020 · €7.89M
2019: €2.23M
2020: €7.89M
2019 → 2021
Total assets
€6.70M▼ 15.4%
2020 · €7.91M
2019: €2.23M
2020: €7.91M
2019 → 2021
Net result
€-19k▼ 19.0%
2020 · €-16k
2019: €4k
2020: €-16k
2019 → 2021
Working capital
€-14k▼ 10,966%
2020 · €-126
2019: €19k
2020: €-126
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€2.23M-€7.89M▲ 254%€6.66M▼ 15.5%
Operating result€7k-€-14k€-19k▼ 39.1%
Net result€4k-€-16k€-19k▼ 19.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2021 against €14k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €6.70M
Fixed assets
€6.68M ▼ 15.4%
Current assets
€19k ▼ 28.9%
Equity and liabilities €6.70M
Equity
€6.66M ▼ 15.5%
Debt
€33k ▲ 22.3%
Debt's share of the balance-sheet total rises from 0.3% to 0.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.58▼
2020 · 1.00
Debt to equity
0.00
ROE
-0.3%▼
2020 · -0.2%
ROA
-0.3%▼
2020 · -0.2%
Debt ≤ 1 year
€33k▲
2020 · €27k
Debt > 1 year
€0
Income taxes
€0▼
2020 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 34 lines
Balance sheet
Code20202021
Assets
Total assets20/58€7.91M€6.70M▼
Fixed assets21/28€7.89M€6.68M▼
Financial fixed assets28€7.89M€6.68M▼
Current assets29/58€27k€19k▼
Amounts receivable within one year40/41€26k€18k▼
Other amounts receivable41-€18k
Cash at bank and in hand54/58€811€1k▲
Equity and liabilities
Total equity and liabilities10/49€7.91M€6.70M▼
Equity10/15€7.89M€6.66M▼
Contributions10/11€3.74M€3.22M▼
Revaluation surpluses12-€3.47M
Reserves13€205€205=
Non-distributable reserves130/1-€205
Reserves not available under the articles1311-€205
Profit (loss) carried forward14€-12k€-31k▼
Amounts payable17/49€27k€33k▲
Amounts payable after more than one year17-€0
Amounts payable within one year42/48€27k€33k▲
Trade debts44€16k€22k▲
Suppliers440/4-€22k
Taxes, remuneration and social security45-€11k
Taxes450/3-€11k
Income statement
Code20202021
Goods, raw materials, services and sundry goods60/61-€18k
Other operating charges640/8-€1k
Gross operating margin9900€-13k€-18k▼
Operating profit (loss)9901€-14k€-19k▼
Financial charges65/66B-€4
Recurring financial charges65€245€4▼
Profit (loss) for the period before taxes9903€-14k€-19k▼
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€-16k€-19k▼
Profit (loss) for the period to be appropriated9905€-16k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-31k
Profit (loss) brought forward from the previous period14P-€-12k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-04
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · CHOICE CO-OP CVBA TIENSE- STEENWEG 346, 3000 LEUVEN · event 16-04-2026
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Equity above €5MEq €7.89M ▲254%
Equity rises from €2.23M to €7.89M.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
1 establishment unit since 2019
Cannot 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.
Ground area
6,282 m²
Building footprint
921 m²
Volume, LiDAR
6,779 m³
2 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Choice co-op
since 20192.289.405.579
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72452E1161/00S008 | Flanders | 6,029 m² | 1 · 825 m² | 9.6 m · 2 fl. |
| 24514A0098/00C002 | Flanders | 253 m² | 1 · 95 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES ARNAUTS-SMEETS HERSELTSE-
STEENWEG 5, 3200 AARSCHOT |
16-04-2026 → present |
| Curator | GUNTHER
PEETERS HERSELTSESTEENWEG 5, 3200 AARSCHOT- |
16-04-2026 → present |
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded22-02-2019
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.