Active BE 0634.933.789Public limited company

De Schutter' Neroc

Blancefloerlaan 179 A ·2050 Antwerpen, Belgium· 11 yrs active

Sector: Activiteiten van reclamebureaus (73110)

Conclusion Checked

The KBO register records legal situation 050 for De Schutter' Neroc (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show negative equity (€-330k) and a net result of €640k.

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

Key figures

Equity	€-330k
Net result	€640k
Staff (FTE)	71.6
Better than sector	11%

Financial profile 5 of 5 axes measured · computed by Checked

28 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 44

Solvency 45

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

0 / 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.

Trust signals 1 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.

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 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.

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 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 20-07-2022 with the NBB · fiscal year 2021 · volledig

RevenueOperating resultNet result

Sector comparison

Fiscal year 2021 · NACE 73, Advertising & market research · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-13.0%	37.7%	better than 11% of 75 sector peers
Net result	€640k	€22k	better than 91% of 75 sector peers
Equity	€-330k	€84k	better than 8% of 75 sector peers
Staff costs	€4.41M	€112k	higher than 95% of 34 sector peers
Employees (FTE)	71.6	3.8	better than 95% of 31 sector peers

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

Revenue

€6.71M

-35.4% 18-21

EBITDA

€791k

+64.6% 18-21

Net profit

€640k

- 18-21

Cash flow

€753k

- 18-21

Total assets

€2.53M

-8.4% 18-21

Equity

€-330k

+66.0% 18-21

Working capital

€9k

- 18-21

Employees (FTE)

72

-18.9% 18-21

Show 14 other metrics

Staff costs

€4.41M

- 18-21

Income taxes

€3k

-17.2% 18-21

Debt

€2.76M

-20.9% 18-21

Debt ≤ 1y

€2.37M

-29.9% 18-21

Debt > 1y

€381k

+293.0% 18-21

Current ratio

1.00

+33.5% 18-21

Quick ratio

0.94

+25.9% 18-21

Solvency

-13.0%

+62.9% 18-21

Debt / equity

-8.38

-8274.7% 18-21

ROE

-194.2%

- 18-21

ROA

25.3%

- 18-21

Net margin

9.5%

- 18-21

EBITDA margin

11.8%

+154.8% 18-21

Interest coverage

643.22

+762.2% 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	volledig
Revenue	€6.71M
EBITDA	€791k
Net profit	€640k
Cash flow	€753k
Staff costs	€4.41M
Income taxes	€3k
Dividends	-
Total assets	€2.53M
Equity	€-330k
Debt	€2.76M
of which ≤ 1y	€2.37M
of which > 1y	€381k
Working capital	€9k
Employees (FTE)	71.6

Ratios (computed)

	2021
Current ratio	1.00
Quick ratio	0.94
Working capital ratio	0.4%
Solvency	-13.0%
Debt / equity	-8.38
Long-term debt ratio	-1.16
Interest coverage	643.22
Gross margin	76.7%
Net margin	9.5%
ROA	25.3%
ROE	-194.2%
EBITDA margin	11.8%
Days sales outstanding	81d
Days payable outstanding	87d
Inventory turnover	10.60
Days inventory (DSI)	34d

Balance-sheet composition 2021

Assets

Fixed assets €154k · 6.1% Current assets €2.38M · 93.9%

Full annual accounts (26 line items)

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.53M
Fixed assets	21/28	€154k
Intangible fixed assets	21	€23k
Tangible fixed assets	22/27	€115k
Financial fixed assets	28	€16k
Current assets	29/58	€2.38M
Stocks & contracts in progress	3	€148k
Amounts receivable within one year	40/41	€2.14M
Cash & bank	54/58	€56k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.53M
Equity	10/15	€-330k
Contributions / capital	10/11	€1.34M
Accumulated profits (losses)	14	€-1.67M
Provisions & deferred taxes	16	€100k
Amounts payable	17/49	€2.76M
Amounts payable after one year	17	€381k
Amounts payable within one year	42/48	€2.37M
Trade debts payable within one year	44	€374k
Income statement
Turnover	70	€6.71M
Operating result	9901	€679k
Financial income	75	€367
Financial charges	65	€36k
Result before taxes	9903	€643k
Income taxes	67/77	€3k
Net result for the period	9904	€640k
Result to be appropriated	9905	€640k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Activiteiten van reclamebureaus(73110)
Legal form	Public limited company(014)
Incorporation	10-08-2015
Status	Active
Postal code	2050

Establishment units 1 location

De Schutter'Neroc

Blancefloerlaan 179 A, 2050 AntwerpenPrepress- en premediadiensten

since 20152.244.588.809

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.
11813N0324/00Z000	Flanders	1,998 m²	1 · 434 m²	7.3 m · 2 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 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

20-07-2022