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DECOKIDS

Active
Private limited company (pre-2019)·Detailhandel in huismeubilair· 16 yrs active
Rue Royale(TOU) 111 ·7500 Tournai, Belgium
Open bankruptcy
KBO/BCE: BE 0824.139.912
Watch Print / PDF
Age16 yrs
Real estate1 parcel · 104 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for DECOKIDS according to publications in the Belgian State Gazette. The 2019 annual accounts show equity of €267k and a net result of €-21k.

Based on the State Gazette, CBE and 2 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 event
17-11-2022
Bankruptcy Opening
Date: 08-11-2022 · Tribunal de l’entreprise du Hainaut, division Tournai · DECOKIDS SPRL RUE ROYALE 111/1, 7500 TOURNAI · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2019) 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.
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 31-12-2019, that is 31-07-2020.
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 nothing on record not filed -
31-12-2020 31-07-2021 nothing on record not filed -
31-12-2019 31-07-2020 26-01-2021 179 d late 2021-01700486
31-12-2018 31-07-2019 13-02-2020 197 d late 2020-05100072
31-12-2017 31-07-2018 13-01-2020 531 d late 2020-01100342
31-12-2016 31-07-2017 16-05-2018 289 d late 2018-12900055
31-12-2015 31-07-2016 06-03-2017 218 d late 2017-05800110
31-12-2014 31-07-2015 19-10-2015 80 d late 2015-65000246

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€-21k
Working capital€266k-7.3%
Directors1

Annual accounts & ratios

Source: NBB · 2019
Annual accounts filed on 26-01-2021 with the NBB · fiscal year 2019 · volledig
€-50k€-25k€0€25k€50kOperating result 2018: €49k€49kNet result 2018: €44k€44kOperating result 2019: €-33k€-33kNet result 2019: €-21k€-21k20182019
Operating resultNet result
EBITDA
€-33k
- 18-19
Net profit
€-21k
- 18-19
Cash flow
€-21k
- 18-19
Total assets
€319k
-25.3% 18-19
Equity
€267k
-7.3% 18-19
Working capital
€266k
-7.3% 18-19
Employees (FTE)
0
- 18-19
Income taxes
€-10k
- 18-19
Show 7 other metrics
Debt
€52k
-62.5% 18-19
Debt ≤ 1y
€52k
-62.5% 18-19
Current ratio
6.10
+99.2% 18-19
Quick ratio
5.16
+138.5% 18-19
Solvency
83.7%
+24.1% 18-19
ROE
-7.9%
- 18-19
ROA
-6.6%
- 18-19
Figures by fiscal year
Fiscal year2019
Depositvolledig
Revenue-
EBITDA€-33k
Net profit€-21k
Cash flow€-21k
Staff costs-
Income taxes€-10k
Dividends-
Total assets€319k
Equity€267k
Debt€52k
of which ≤ 1y€52k
of which > 1y-
Working capital€266k
Employees (FTE)0.0
Ratios (computed)
2019
Current ratio6.10
Quick ratio5.16
Working capital ratio83.3%
Solvency83.7%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-6.6%
ROE-7.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2019
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2019
Balance sheet, Assets
TOTAL ASSETS 20/58€319k
Fixed assets 21/28€1k
Tangible fixed assets 22/27€790
Financial fixed assets 28€502
Current assets 29/58€318k
Stocks & contracts in progress 3€49k
Amounts receivable within one year 40/41€22k
Cash & bank 54/58€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€319k
Equity 10/15€267k
Contributions / capital 10/11€19k
Reserves 13€248k
Amounts payable 17/49€52k
Amounts payable within one year 42/48€52k
Trade debts payable within one year 44€44
Income statement
Gross operating margin 9900€-26k
Operating result 9901€-33k
Financial income 75€6k
Financial charges 65€4k
Result before taxes 9903€-31k
Income taxes 67/77€-10k
Net result for the period 9904€-21k
Result to be appropriated 9905€-21k
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2019 · computed
0 / 100 Critical
050100
Computed from 4 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 2019 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

6 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator OLIVIER MERCIER
RUE DES VILLAS 6, 7700 MOUSCRON- . Date provisoire de cessation de paiement : 08/11/2022
 08-11-2022 → present Belgian State Gazette

Legal Structure

NACE primary Detailhandel in huismeubilair(47551)
Legal form Private limited company (pre-2019)(015)
Incorporation22-03-2010
StatusActive
Postal code7500
First insolvency signal 17-11-2022
Latest insolvency signal 17-11-2022

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.

1 court or liquidation mandate is 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

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Royale(TOU) 1117500 Tournai

Establishment units

1 location
DECOKIDS
Rue Royale(TOU) 111, 7500 TournaiDetailhandel in meubels
since 20102.186.584.391
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area104 m²
Buildings1
Building footprint59 m²
Volume (LiDAR)925 m³
Tallest building17.6 m · ±5 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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57462D0553/00K002 Wallonia 104 m² 1 · 59 m² 17.6 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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
17-11-2022
Bankruptcy Opening
Date: 08-11-2022 · Tribunal de l’entreprise du Hainaut, division Tournai · DECOKIDS SPRL RUE ROYALE 111/1, 7500 TOURNAI · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-11-17 · 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

Financial profile

5 of 5 axes measured
Health0Profitability0Solvency100Growth32Stability0
26 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 100
Growth 32
Stability 0

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, 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 321 of the 2,611 companies in this sector. 197 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Detailhandel in huismeubilair47551Detailhandel in huismeubilair in gespecialiseerde winkels47591Groothandel in huismeubilair46471Overige niet-gespecialiseerde detailhandel47120Detailhandel via postorderbedrijven of via internet47910
Primary activity highlighted.
Names & trade names
Legal nameFR DECOKIDS
Registered office
Rue Royale(TOU) 111 bus 1
7500 Tournai, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.