Active BE 0479.739.036Private limited company (pre-2019)Open bankruptcy

DE COWEEKES

Grotesteenweg 18 ·2440 Geel, Belgium· 23 yrs active

Sector: Activiteiten van eetgelegenheden met volledige bediening (56111)

Conclusion Checked

A bankruptcy procedure is open for DE COWEEKES according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €17k and a net result of €20k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€17k
Net result	€20k
Staff (FTE)	7.9
Better than sector	35%

Snowflake analysis 5 of 5 axes measured · computed by Checked

31 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 58

Solvency 12

Growth 85

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 Flags 0 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 2021 · computed

0 / 100 Critical

050100

Computed from 6 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.

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

Financial overview10 NBB filings

Annual accounts filed on 26-08-2022 with the NBB · fiscal year 2021 · micro

RevenueOperating resultNet result

Sector comparison

Fiscal year 2021 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	5.4%	23.4%	better than 35% of 2087 sector peers
Net result	€20k	€4k	better than 74% of 2082 sector peers
Equity	€17k	€14k	better than 54% of 2094 sector peers
Gross operating margin	€228k	€31k	better than 95% of 2070 sector peers
Staff costs	€196k	€27k	higher than 95% of 1314 sector peers

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

Revenue

€521k

+11.6% 19-21

EBITDA

€29k

- 19-21

Net profit

€20k

- 19-21

Cash flow

€25k

- 19-21

Total assets

€316k

+37.8% 19-21

Equity

€17k

- 19-21

Working capital

€-39k

+17.9% 19-21

Employees (FTE)

8

+43.6% 19-21

Staff costs

€196k

- 19-21

Debt

€299k

+28.5% 19-21

Debt ≤ 1y

€299k

+28.5% 19-21

Current ratio

0.87

+9.3% 19-21

Quick ratio

0.80

+3.2% 19-21

Solvency

5.4%

- 19-21

Debt / equity

17.60

- 19-21

ROE

119.7%

-81.9% 19-21

ROA

6.4%

- 19-21

Net margin

3.9%

- 19-21

EBITDA margin

5.5%

- 19-21

Interest coverage

10.47

- 19-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	€521k
EBITDA	€29k
Net profit	€20k
Cash flow	€25k
Staff costs	€196k
Income taxes	-
Dividends	-
Total assets	€316k
Equity	€17k
Debt	€299k
of which ≤ 1y	€299k
of which > 1y	-
Working capital	€-39k
Employees (FTE)	7.9

Ratios (computed)

	2021
Current ratio	0.87
Quick ratio	0.80
Working capital ratio	-12.4%
Solvency	5.4%
Debt / equity	17.60
Long-term debt ratio	-
Interest coverage	10.47
Gross margin	35.1%
Net margin	3.9%
ROA	6.4%
ROE	119.7%
EBITDA margin	5.5%
Days sales outstanding	4d
Days payable outstanding	109d
Inventory turnover	15.68
Days inventory (DSI)	23d

Balance-sheet composition 2021

Assets

Fixed assets €56k · 17.8% Current assets €260k · 82.2%

Equity & liabilities

Equity €17k · 5.4% Debt €299k · 94.6%

Full annual accounts

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€316k
Fixed assets	21/28	€56k
Intangible fixed assets	21	€14k
Tangible fixed assets	22/27	€21k
Financial fixed assets	28	€21k
Current assets	29/58	€260k
Stocks & contracts in progress	3	€22k
Amounts receivable within one year	40/41	€214k
Cash & bank	54/58	€24k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€316k
Equity	10/15	€17k
Contributions / capital	10/11	€19k
Reserves	13	€133
Accumulated profits (losses)	14	€-2k
Amounts payable	17/49	€299k
Amounts payable within one year	42/48	€299k
Trade debts payable within one year	44	€101k
Income statement
Turnover	70	€521k
Gross operating margin	9900	€228k
Operating result	9901	€24k
Financial income	75	€13
Financial charges	65	€3k
Result before taxes	9903	€20k
Net result for the period	9904	€20k
Result to be appropriated	9905	€20k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	PAUL VAN ROMPAEY ZANDBERG 19, 2260 WESTERLO-	23-04-2024 → present	Belgian State Gazette
Curator	NIELS FEYTONS ZANDBERG 19, 2260 WESTERLO	23-04-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Activiteiten van eetgelegenheden met volledige bediening(56111)
Legal form	Private limited company (pre-2019)(015)
Incorporation	07-03-2003
Status	Active
Postal code	2440
First BS signal	30-04-2024
Latest BS signal	30-04-2024

Establishment units 1 location

LOVT

Grotesteenweg 18, 2440 GeelFastfoodzaken, snackbars, frituren en dergelijke

since 20032.127.166.844

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.
13375M1260/00A003	Flanders	1,567 m²	1 · 543 m²	11.3 m · 1 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.

2024

30-04-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · DE COWEEKES BV GROTE- STEENWEG 18, 2440 GEEL · event 23-04-2024

2022

26-08-2022