Active BE 0817.578.653Private limited company (pre-2019)Open bankruptcy

DENISON MENUISERIE CHASSIS

Rue du Hierdau 2A ·5620 Florennes, Belgium· 17 yrs active

Sector: Vervaardiging van ander schrijn- en timmerwerk (16230)

Conclusion Checked

A bankruptcy procedure is open for DENISON MENUISERIE CHASSIS according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-373k) and a net result of €12k.

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

Key figures

Equity	€-373k
Net result	€12k
Staff (FTE)	1
Better than sector	5%

Snowflake analysis 5 of 5 axes measured · computed by Checked

23 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 35

Growth 78

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

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

Financial overview10 NBB filings

Annual accounts filed on 25-09-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 16 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-494.0%	27.4%	better than 5% of 110 sector peers
Net result	€12k	€9k	better than 56% of 110 sector peers
Equity	€-373k	€23k	better than 5% of 110 sector peers
Gross operating margin	€58k	€29k	better than 72% of 110 sector peers
Staff costs	€44k	€29k	higher than 65% of 46 sector peers

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

EBITDA

€15k

-2.8% 18-22

Net profit

€12k

-79.0% 18-22

Cash flow

€-459k

+2.8% 18-22

Total assets

€76k

+106.1% 18-22

Equity

€-373k

+3.1% 18-22

Working capital

€-58k

-280.6% 18-22

Employees (FTE)

1

0.0% 18-22

Staff costs

€44k

+20.4% 18-22

Debt

€449k

+6.4% 18-22

Debt ≤ 1y

€134k

+158.5% 18-22

Debt > 1y

€315k

-14.9% 18-22

Current ratio

0.56

-20.0% 18-22

Quick ratio

0.56

-20.0% 18-22

Solvency

-494.0%

+53.0% 18-22

Debt / equity

-1.20

-9.8% 18-22

ROE

-3.2%

+78.4% 18-22

ROA

15.7%

-89.8% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€12k
Cash flow	-
Staff costs	€44k
Income taxes	-
Dividends	-
Total assets	€76k
Equity	€-373k
Debt	€449k
of which ≤ 1y	€134k
of which > 1y	€315k
Working capital	€-58k
Employees (FTE)	1.0

Ratios (computed)

	2022
Current ratio	0.56
Quick ratio	0.56
Working capital ratio	-77.4%
Solvency	-494.0%
Debt / equity	-1.20
Long-term debt ratio	-0.84
Interest coverage	-
Gross margin	-
Net margin	-
ROA	15.7%
ROE	-3.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €300 · 0.4% Current assets €75k · 99.6%

Full annual accounts

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

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€76k
Fixed assets	21/28	€300
Financial fixed assets	28	€300
Current assets	29/58	€75k
Amounts receivable within one year	40/41	€71k
Cash & bank	54/58	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€76k
Equity	10/15	€-373k
Contributions / capital	10/11	€19k
Reserves	13	€948
Accumulated profits (losses)	14	€-393k
Amounts payable	17/49	€449k
Amounts payable after one year	17	€315k
Amounts payable within one year	42/48	€134k
Trade debts payable within one year	44	€38k
Income statement
Gross operating margin	9900	€58k
Operating result	9901	€13k
Financial charges	65	€725
Result before taxes	9903	€12k
Net result for the period	9904	€12k
Result to be appropriated	9905	€12k

You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	JACQUELINE MEUNIER Rue Ruisseau des Forges, 7, 5620 FLORENNES ↔ Also on 44 other cases	22-02-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Vervaardiging van ander schrijn- en timmerwerk(16230)
Legal form	Private limited company (pre-2019)(015)
Incorporation	28-07-2009
Status	Active
Postal code	5620
First BS signal	28-02-2024
Latest BS signal	28-02-2024

Establishment units 1 location

DENISON MENUISERIE CHASSIS

Rue du Hierdau 2A, 5620 FlorennesReparatie en onderhoud van elektrische apparatuur

since 20092.179.993.737

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.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
93022D0121/00Y024	Wallonia	1,552 m²	1 · 161 m²	-

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

28-02-2024

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Namur · DENISON MENUISERIE CHASSIS SPRL RUE DU HIERDAU 2A, 5620 FLORENNES · event 22-02-2024

2023

25-09-2023