Active BE 0890.611.636Public limited companyOpen bankruptcy

CRM.ART

Gentseweg 203 ·8792 Waregem, Belgium· 19 yrs active

Sector: Mediarepresentatie (73120)

Conclusion Checked

A bankruptcy procedure is open for CRM.ART according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €512k and a net result of €93k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€512k
Net result	€93k
Staff (FTE)	7.6
Better than sector	82%

Financial profile 5 of 5 axes measured · computed by Checked

53 / 100

Mixed profile: strong on solvency, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24

Profitability 91

Solvency 100

Growth 52

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 2022 · computed

24 / 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.

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 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 02-05-2023 with the NBB · fiscal year 2022 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 73, Advertising & market research · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	75.6%	41.2%	better than 82% of 191 sector peers
Net result	€93k	€16k	better than 75% of 190 sector peers
Equity	€512k	€72k	better than 78% of 191 sector peers
Gross operating margin	€546k	€63k	better than 84% of 189 sector peers
Staff costs	€387k	€200k	higher than 66% of 85 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€157k

+0.8% 18-22

Net profit

€93k

+0.5% 18-22

Cash flow

€119k

+0.5% 18-22

Total assets

€678k

+20.4% 18-22

Equity

€512k

+22.1% 18-22

Working capital

€434k

+37.8% 18-22

Employees (FTE)

8

+61.7% 18-22

Staff costs

€387k

+111.5% 18-22

Show 11 other metrics

Income taxes

€38k

+1.8% 18-22

Debt

€166k

+15.4% 18-22

Debt ≤ 1y

€166k

+15.4% 18-22

Debt > 1y

€5k

0.0% 18-22

Current ratio

3.62

+13.4% 18-22

Quick ratio

2.78

-13.1% 18-22

Solvency

75.6%

+1.4% 18-22

Debt / equity

0.32

-5.5% 18-22

ROE

18.1%

-17.7% 18-22

ROA

13.7%

-16.5% 18-22

Interest coverage

162.18

-16.1% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	verkort
Revenue	-
EBITDA	€157k
Net profit	€93k
Cash flow	€119k
Staff costs	€387k
Income taxes	€38k
Dividends	-
Total assets	€678k
Equity	€512k
Debt	€166k
of which ≤ 1y	€166k
of which > 1y	-
Working capital	€434k
Employees (FTE)	7.6

Ratios (computed)

	2022
Current ratio	3.62
Quick ratio	2.78
Working capital ratio	64.0%
Solvency	75.6%
Debt / equity	0.32
Long-term debt ratio	-
Interest coverage	162.18
Gross margin	-
Net margin	-
ROA	13.7%
ROE	18.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €78k · 11.6% Current assets €599k · 88.4%

Equity & liabilities

Equity €512k · 75.6% Debt €166k · 24.4%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€678k
Fixed assets	21/28	€78k
Tangible fixed assets	22/27	€57k
Financial fixed assets	28	€21k
Current assets	29/58	€599k
Stocks & contracts in progress	3	€140k
Amounts receivable within one year	40/41	€98k
Cash & bank	54/58	€362k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€678k
Equity	10/15	€512k
Contributions / capital	10/11	€75k
Reserves	13	€8k
Accumulated profits (losses)	14	€430k
Amounts payable	17/49	€166k
Amounts payable within one year	42/48	€166k
Trade debts payable within one year	44	€6k
Income statement
Gross operating margin	9900	€546k
Operating result	9901	€131k
Financial income	75	€535
Financial charges	65	€970
Result before taxes	9903	€131k
Income taxes	67/77	€38k
Net result for the period	9904	€93k
Result to be appropriated	9905	€93k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates3 persons

Role	Name	Tenure	Source
Curator	Laurence MONTAGNE President Rooseveltplein 5 B2, 8500 KORTRIJK	04-02-2025 → present	Belgian State Gazette
Curator	GUY DELABIE ENGELSE WANDELING 74, 8510 MARKE- guy.delabie@vy- us.be	04-02-2025 → present	Belgian State Gazette
Curator	SYLVIE FOULON BORNSTRAAT 44, 8800 ROESELARE-	04-02-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	Mediarepresentatie(73120)
Legal form	Public limited company(014)
Incorporation	05-07-2007
Status	Active
Postal code	8792
First BS signal	12-02-2025
Latest BS signal	12-02-2025

Establishment units 1 location

CATCH !

Gentseweg 203, 8792 Waregemhet verspreiden en thuisbezorgen van monsters en reclamemateriaal, inclusief streekkrantjes en dergelijke

since 20072.164.257.961

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.
34010A0543/00S000	Flanders	3,101 m²	1 · 506 m²	11.9 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.

2025

12-02-2025

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · CRM.ART NV GENTSEWEG 203, 8792 WAREGEM-DESSELGEM · event 04-02-2025

2023

02-05-2023