Active BE 0453.159.056Private limited company (pre-2019)Open bankruptcy

DAS DESIGN

· 31 yrs active

Sector: Specialised construction (43341)

Conclusion Checked

A bankruptcy procedure is open for DAS DESIGN according to publications in the Belgian State Gazette. The 2019 annual accounts show negative equity (€-1.82M) and a net result of €-2.20M.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-1.82M
Net result	€-2.20M
Active	31 yrs
Locations	1

Snowflake analysis 5 axes · computed by Checked

33 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 100

Solvency 33

Growth 32

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 risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

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

Administrative Flags 0 events

No administrative flags

Health barometer FY 2019 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 29-06-2020 with the NBB · fiscal year 2019 · verkort

Operating resultNet result

EBITDA

€-107k

- far below sector median

Net profit

€-2.20M

-12.1% far below sector median

Cash flow

€-2.20M

-12.2% far below sector median

Total assets

€107k

-69.5% +11% vs sector

Equity

€-1.82M

-15.0% far below sector median

Working capital

€-1.12M

-129.5% far below sector median

Debt

€1.93M

-0.3% far above sector median

Debt ≤ 1y

€1.22M

+45.8% far above sector median

Debt > 1y

€712k

-35.2% far above sector median

Current ratio

0.08

-81.2% -96% vs sector

Quick ratio

0.05

-76.8% -97% vs sector

Solvency

-1712.2%

-276.6% far below sector median

Debt / equity

-0.39

+43.7% far below sector median

ROE

120.7%

-2.5% +159% vs sector

ROA

-2066.2%

-267.2% far below sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Revenue	-
EBITDA	€-107k
Net profit	€-2.20M
Cash flow	€-2.20M
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€107k
Equity	€-1.82M
Debt	€1.93M
of which ≤ 1y	€1.22M
of which > 1y	€712k
Working capital	€-1.12M
Employees (FTE)	-

Ratios (computed)

	2019
Current ratio	0.08
Quick ratio	0.05
Working capital ratio	-1054.7%
Solvency	-1712.2%
Debt / equity	-0.39
Long-term debt ratio	-0.39
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-2066.2%
ROE	120.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €11k · 10.7% Current assets €95k · 89.3%

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	€107k
Fixed assets	21/28	€11k
Intangible fixed assets	21	€11k
Current assets	29/58	€95k
Stocks & contracts in progress	3	€29k
Amounts receivable within one year	40/41	€63k
Cash & bank	54/58	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€107k
Equity	10/15	€-1.82M
Contributions / capital	10/11	€377k
Reserves	13	€50
Accumulated profits (losses)	14	€-2.20M
Amounts payable	17/49	€1.93M
Amounts payable after one year	17	€712k
Amounts payable within one year	42/48	€1.22M
Trade debts payable within one year	44	€60k
Income statement
Gross operating margin	9900	€23k
Operating result	9901	€-110k
Financial income	75	€97
Financial charges	65	€128k
Result before taxes	9903	€-238k
Net result for the period	9904	€-238k
Result to be appropriated	9905	€-238k

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Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	BENNY GOOSSENS TOLPOORTSTRAAT 145, 9800 DEINZE ↔ Also on 181 other cases	18-05-2021 → present	Belgian State Gazette
Curator	PIETER HUYGHE SAVAANSTRAAT 72, 9000 GENT	18-05-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43341)
Legal form	Private limited company (pre-2019)(015)
Incorporation	12-08-1994
Status	Active
Postal code	-
First BS signal	25-05-2021
Latest BS signal	25-05-2021

Company structure, linked entities2 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

DAS Design

de vervaardiging van speciale winkelmeubels, toonbanken, vitrines, rekken, enz., overwegend van andere materialen dan metaal.

since 20042.149.271.956

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.
44032A0472/00R003	Flanders	1.9 ha	1 · 1,241 m²	18.8 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.

2021

25-05-2021

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · DAS DESIGN BV GASTON CROMMENLAAN 8, 9050 GENTBRUGGE · event 18-05-2021

2020

29-06-2020