Active BE 0845.383.605Private limited company (pre-2019)Open bankruptcy

EC RENTAL

Woudmeesterstraat 17 ·3090 Overijse, Belgium· 14 yrs active

Sector: Renting of cars (77110)

Conclusion Checked

A bankruptcy procedure is open for EC RENTAL according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €20k and a net result of €-53k.

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

Key figures

Equity	€20k
Net result	€-53k
Better than sector	28%
Active	14 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

8 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 6

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 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 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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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 overview9 NBB filings

Annual accounts filed on 30-06-2022 with the NBB · fiscal year 2021 · micro

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 77, Renting & leasing · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	4.6%	22.1%	better than 28% of 180 sector peers
Net result	€-53k	€3k	better than 5% of 179 sector peers
Equity	€20k	€21k	better than 49% of 180 sector peers
Gross operating margin	€151k	€20k	better than 88% of 180 sector peers
Total assets	€429k	€128k	better than 79% of 180 sector peers

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

EBITDA

€110k

-0.4% 18-21

Net profit

€-53k

- 18-21

Cash flow

€33k

-76.8% 18-21

Total assets

€429k

-10.0% 18-21

Equity

€20k

-73.1% 18-21

Working capital

€-80k

- 18-21

Income taxes

€729

-31.5% 18-21

Debt

€409k

+1.4% 18-21

Debt ≤ 1y

€222k

+38.1% 18-21

Debt > 1y

€185k

-23.8% 18-21

Current ratio

0.64

-52.8% 18-21

Quick ratio

0.64

-52.8% 18-21

Solvency

4.6%

-70.1% 18-21

Debt / equity

20.84

+527.0% 18-21

ROE

-271.8%

- 18-21

ROA

-12.4%

- 18-21

Interest coverage

1.47

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	-
EBITDA	€110k
Net profit	€-53k
Cash flow	€33k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€429k
Equity	€20k
Debt	€409k
of which ≤ 1y	€222k
of which > 1y	€185k
Working capital	€-80k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	0.64
Quick ratio	0.64
Working capital ratio	-18.7%
Solvency	4.6%
Debt / equity	20.84
Long-term debt ratio	9.42
Interest coverage	1.47
Gross margin	-
Net margin	-
ROA	-12.4%
ROE	-271.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €287k · 67.0% Current assets €142k · 33.0%

Equity & liabilities

Equity €20k · 4.6% Debt €409k · 95.4%

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	€429k
Fixed assets	21/28	€287k
Tangible fixed assets	22/27	€287k
Current assets	29/58	€142k
Amounts receivable within one year	40/41	€93k
Cash & bank	54/58	€166
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€429k
Equity	10/15	€20k
Contributions / capital	10/11	€12k
Reserves	13	€20k
Accumulated profits (losses)	14	€-13k
Amounts payable	17/49	€409k
Amounts payable after one year	17	€185k
Amounts payable within one year	42/48	€222k
Trade debts payable within one year	44	€6k
Income statement
Gross operating margin	9900	€151k
Operating result	9901	€24k
Financial income	75	€10
Financial charges	65	€75k
Result before taxes	9903	€-53k
Net result for the period	9904	€-53k
Result to be appropriated	9905	€-53k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	LIES DEWAEL PEGASUSLAAN 5, 1831 DIEGEM-	11-07-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Renting of cars(77110)
Legal form	Private limited company (pre-2019)(015)
Incorporation	19-04-2012
Status	Active
Postal code	3090
First BS signal	17-07-2023
Latest BS signal	17-07-2023

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

EC RENTAL

Woudmeesterstraat 17, 3090 OverijseVerhuur en lease van personenauto’s en andere lichte motorvoertuigen

since 20122.209.053.749

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.
23544D0128/00L003	Flanders	497 m²	1 · 122 m²	6.8 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 10 events

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

2023

17-07-2023

Bankruptcy Opening

Ondernemingsrechtbank Brussel · EC RENTAL BV WOUDMEES- TERSTRAAT 17, 3090 OVERIJSE · event 11-07-2023

2022

30-06-2022