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CONCORDIA

Active
Private limited company (pre-2019)·Gites, vakantiewoningen en -appartementen· 35 yrs active
Lentelaan 14 ·3600 Genk, Belgium
Open bankruptcy
KBO/BCE: BE 0444.010.570
Watch Print / PDF
Age35 yrs
Real estate1 parcel · 220 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for CONCORDIA according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €10k and a net result of €-11k.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 events
26-02-2024
Bankruptcy Opening
Date: 20-02-2024 · Ondernemingsrechtbank Antwerpen, afdeling Tongeren · CONCORDIA BV LENTE- LAAN 14, 3600 GENK · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2021, that is 31-07-2022.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 31-08-2022 31 d late 2022-20376635
31-12-2020 31-07-2021 09-09-2021 40 d late 2021-66800008
31-12-2019 31-07-2020 06-08-2020 6 d late 2020-39700351
31-12-2018 31-07-2019 31-07-2019 on the day 2019-42200348
31-12-2017 31-07-2018 31-08-2018 31 d late 2018-59000047
31-12-2016 31-07-2017 27-06-2017 34 d early 2017-22300314
31-12-2015 31-07-2016 26-07-2016 5 d early 2016-36200557
31-12-2014 31-07-2015 28-09-2015 59 d late 2015-61900224

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

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

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-11k-1524.4%
Working capital€8k-57.6%
Directors3

Annual accounts & ratios

Source: NBB · 2021
Annual accounts filed on 31-08-2022 with the NBB · fiscal year 2021 · micro
€-20k€-10k€0€10kOperating result 2018: €14k€14kNet result 2018: €5k€5kOperating result 2019: €4k€4kNet result 2019: €3k€3kOperating result 2020: €3k€3kNet result 2020: €-666€-666Operating result 2021: €-6k€-6kNet result 2021: €-11k€-11k2018201920202021
Operating resultNet result
Sector comparison
Fiscal year 2021 · NACE 55, Accommodation · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 41.9% 10.9%
better than 78% of 164 sector peers
Net result €-11k €-2k
better than 35% of 164 sector peers
Equity €10k €16k
better than 45% of 164 sector peers
Gross operating margin €16k €19k
better than 45% of 164 sector peers
Staff costs €525 €19k
higher than 7% of 64 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-6k
- 18-21
Net profit
€-11k
-1524.4% 18-21
Cash flow
€-11k
-1983.2% 18-21
Total assets
€24k
-12.6% 18-21
Equity
€10k
-51.8% 18-21
Working capital
€8k
-57.6% 18-21
Employees (FTE)
1
- 18-21
Staff costs
€525
- 18-21
Income taxes
€4k
+29.9% 18-21
Debt
€14k
+112.0% 18-21
Debt ≤ 1y
€14k
+112.0% 18-21
Current ratio
1.59
-59.7% 18-21
Quick ratio
1.59
-59.7% 18-21
Solvency
41.9%
-44.9% 18-21
Debt / equity
1.39
- 18-21
ROE
-107.6%
-3272.5% 18-21
ROA
-45.1%
-1757.6% 18-21
Interest coverage
-14.54
- 18-21
Figures by fiscal year
Fiscal year2021
Depositmicro
Revenue-
EBITDA€-6k
Net profit€-11k
Cash flow€-11k
Staff costs€525
Income taxes€4k
Dividends-
Total assets€24k
Equity€10k
Debt€14k
of which ≤ 1y€14k
of which > 1y-
Working capital€8k
Employees (FTE)-
Ratios (computed)
2021
Current ratio1.59
Quick ratio1.59
Working capital ratio34.3%
Solvency41.9%
Debt / equity1.39
Long-term debt ratio-
Interest coverage-14.54
Gross margin-
Net margin-
ROA-45.1%
ROE-107.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€24k
Fixed assets 21/28€2k
Tangible fixed assets 22/27€755
Financial fixed assets 28€1k
Current assets 29/58€22k
Amounts receivable within one year 40/41€16k
Cash & bank 54/58€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€24k
Equity 10/15€10k
Contributions / capital 10/11€12k
Reserves 13€2k
Accumulated profits (losses) 14€-4k
Amounts payable 17/49€14k
Amounts payable within one year 42/48€14k
Trade debts payable within one year 44€6k
Income statement
Gross operating margin 9900€16k
Operating result 9901€-6k
Financial income 75€0
Financial charges 65€435
Result before taxes 9903€-7k
Income taxes 67/77€4k
Net result for the period 9904€-11k
Result to be appropriated 9905€-11k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2021 · computed
0 / 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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

No directors on record

No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.

Insolvency mandates

3 mandates
Role Name Tenure Source
Curator FELIX RUYSSCHAERT
PIEPELPOEL 13, 3700 TONGEREN
 20-02-2024 → present Belgian State Gazette
Curator MARK BERNA- ERTS
PIEPELPOEL 13, 3700 TONGEREN-
 20-02-2024 → present Belgian State Gazette
Curator STEFANIE GROSEMANS
PIEPEL- POEL 13, 3700 TONGEREN
 20-02-2024 → present Belgian State Gazette

Legal Structure

NACE primary Gites, vakantiewoningen en -appartementen(55203)
Legal form Private limited company (pre-2019)(015)
Incorporation26-04-1991
StatusActive
Postal code3600
First BS signal 26-02-2024
Latest BS signal 26-02-2024

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

3 court or liquidation mandates are on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
3 companies at this address See who is registered here

Establishment units

1 location
CONCORDIA
Lentelaan 14, 3600 GenkVerhuur van woningen, exclusief sociale woningen
since 19912.051.721.036
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area220 m²
Buildings1
Building footprint220 m²
Volume (LiDAR)2,287 m³
Tallest building13.1 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.
71308A0827/00C015 Flanders 220 m² 1 · 220 m² 13.1 m · 4 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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
26-02-2024
Bankruptcy Opening
Date: 20-02-2024 · Ondernemingsrechtbank Antwerpen, afdeling Tongeren · CONCORDIA BV LENTE- LAAN 14, 3600 GENK · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-02-26 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency77Growth32Stability0
22 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 77
Growth 32
Stability 0

Ask AI about this company

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 181 of the 2,984 companies in this sector. 121 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Gites, vakantiewoningen en -appartementen55203Gites, vakantiewoningen en -appartementen55203Verschaffen van overig logies voor kortstondig verblijf55232
Primary activity highlighted.
Names & trade names
Legal nameNL CONCORDIA
Registered office
Lentelaan 14
3600 Genk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.