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EuroQueen

Active
Public limited company·Vervaardiging van elektrische huishoudapparaten· 38 yrs active
Dendermondesteenweg 530 ·9070 Destelbergen, Belgium
Open bankruptcy
KBO/BCE: BE 0432.777.574
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age38 yrs
Board3
Real estate1 parcel · 5,131 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for EuroQueen according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show equity of €164k and a net result of €89k.

Based on the State Gazette, CBE and 6 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

2 events
14-04-2025
Bankruptcy Opening
Date: 08-04-2025 · Ondernemingsrechtbank Gent, afdeling Gent · EUROQUEEN NV DENDER- MONDESTEENWEG 530/B, 9070 DESTELBERGEN · Publications in State Gazette ↗
17-02-2025
Judicial reorganisation Opening
Date: 11-02-2025 · Ondernemingsrechtbank Gent · collectif · Publications in State Gazette ↗

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.
Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-06-2024, 37 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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 31-12-2023, that is 31-07-2024.
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 24-06-2024 37 d early 2024-00165067
31-12-2022 31-07-2023 30-08-2023 30 d late 2023-00377023
31-12-2021 31-07-2022 04-08-2022 4 d late 2022-20268327
31-12-2020 31-07-2021 29-09-2021 60 d late 2021-69400424
31-12-2019 31-07-2020 07-09-2020 38 d late 2020-51400111
31-12-2018 31-07-2019 30-09-2019 61 d late 2019-68000437
31-12-2017 31-07-2018 07-08-2018 7 d late 2018-44100005
31-12-2016 31-07-2017 28-07-2017 3 d early 2017-38200339
31-12-2015 31-07-2016 03-10-2016 64 d late 2016-65100072
31-12-2014 31-07-2015 05-08-2015 5 d late 2015-39900302

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€89k+167.3%
Working capital€-45k
Directors1

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 24-06-2024 with the NBB · fiscal year 2023 · micro
€-800k€-600k€-400k€-200k€0Operating result 2019: €-14k€-14kNet result 2019: €-601k€-601kOperating result 2020: €-15k€-15kNet result 2020: €-624k€-624kOperating result 2021: €-20k€-20kNet result 2021: €-147k€-147kOperating result 2022: €39k€39kNet result 2022: €33k€33kOperating result 2023: €95k€95kNet result 2023: €89k€89k20192020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 27 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 45.1% 29.8%
better than 61% of 74 sector peers
Net result €89k €8k
better than 95% of 74 sector peers
Equity €164k €34k
better than 94% of 74 sector peers
Gross operating margin €111k €27k
better than 91% of 73 sector peers
Total assets €364k €105k
better than 83% of 74 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P61
2021: P19 · n=302022: P30 · n=492023: P61 · n=742021 2023
Improving position over 2021-2023 · n=30-74
Net result P95
2021: P5 · n=302022: P79 · n=492023: P95 · n=742021 2023
Improving position over 2021-2023 · n=30-74
Equity P94
2021: P60 · n=302022: P78 · n=492023: P94 · n=742021 2023
Improving position over 2021-2023 · n=30-74
Gross operating margin P91
2021: P55 · n=302022: P92 · n=492023: P91 · n=732021 2023
Improving position over 2021-2023 · n=30-73
Describes the position versus peers, not a forecast.
EBITDA
€96k
+138.9% 18-23
Net profit
€89k
+167.3% 18-23
Cash flow
€89k
+163.9% 18-23
Total assets
€364k
-3.7% 18-23
Equity
€164k
+117.8% 18-23
Working capital
€-45k
- 18-23
Employees (FTE)
2
+100.0% 18-23
Staff costs
€12k
-60.0% 18-23
Income taxes
€0
-100.0% 18-23
Debt
€200k
-34.0% 18-23
Debt ≤ 1y
€156k
+72.9% 18-23
Debt > 1y
€44k
-79.4% 18-23
Current ratio
0.71
-48.4% 18-23
Quick ratio
0.10
-62.1% 18-23
Solvency
45.1%
+126.2% 18-23
Debt / equity
1.22
-69.7% 18-23
ROE
54.1%
+22.7% 18-23
ROA
24.4%
+177.7% 18-23
Interest coverage
15.59
+146.2% 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€96k
Net profit€89k
Cash flow€89k
Staff costs€12k
Income taxes-
Dividends-
Total assets€364k
Equity€164k
Debt€200k
of which ≤ 1y€156k
of which > 1y€44k
Working capital€-45k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.71
Quick ratio0.10
Working capital ratio-12.4%
Solvency45.1%
Debt / equity1.22
Long-term debt ratio0.27
Interest coverage15.59
Gross margin-
Net margin-
ROA24.4%
ROE54.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€364k
Fixed assets 21/28€253k
Intangible fixed assets 21€846
Tangible fixed assets 22/27€251k
Financial fixed assets 28€2k
Current assets 29/58€111k
Stocks & contracts in progress 3€95k
Amounts receivable within one year 40/41€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€364k
Equity 10/15€164k
Contributions / capital 10/11€512k
Reserves 13€51k
Accumulated profits (losses) 14€-649k
Amounts payable 17/49€200k
Amounts payable after one year 17€44k
Amounts payable within one year 42/48€156k
Trade debts payable within one year 44€24k
Income statement
Gross operating margin 9900€111k
Operating result 9901€95k
Financial charges 65€6k
Result before taxes 9903€89k
Net result for the period 9904€89k
Result to be appropriated 9905€89k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
4 / 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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

4 directors
Current directors & mandates
  • Hadjilambri Adeline
    Director
    State Gazette act 24359279 (13-02-2024)
    Current
    13-02-2024 → present
  • Verhaeghe Myriam
    Director
    State Gazette act 24359279 (13-02-2024)
    Current
    13-02-2024 → present
  • BV Eskofin AccountantskantoorLegal entity
    Managing director· perm. rep.: Van den Bulke Kristof
    State Gazette act 22131081 (07-11-2022)
    Current
    07-11-2022 → present
Former directors (1)
  • Hans Verhaeghe
    Managing director
    State Gazette act 22131081 (07-11-2022)
    Former
    - → 03-09-2021
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator LINSE DE LEEUW
BRUSSELSESTEENWEG 691, 9050 GENTBRUGGE
 08-04-2025 → present Belgian State Gazette

Legal Structure

NACE primary Vervaardiging van elektrische huishoudapparaten(27510)
Legal form Public limited company(014)
Incorporation10-12-1987
StatusActive
Postal code9070
First BS signal 17-02-2025
Latest BS signal 14-04-2025

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

on the map · from the address register
exact location from the address register On OpenStreetMap
14 companies at this address See who is registered here

Establishment units

1 location
Dendermondesteenweg 530 B, 9070 Destelbergen
de kleinhandel in nieuwe en gebruikte auto's voor personenvervoer,inclusief die voor bijzondere doeleinden (vb ambulances)
since 19872.034.081.288
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area5,131 m²
Buildings1
Building footprint400 m²
Volume (LiDAR)749 m³
Tallest building10.2 m

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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44013B0494/00M007 Flanders 5,131 m² 1 · 400 m² 10.2 m
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

2 events from the State Gazette
14-04-2025
Bankruptcy Opening
Date: 08-04-2025 · Ondernemingsrechtbank Gent, afdeling Gent · EUROQUEEN NV DENDER- MONDESTEENWEG 530/B, 9070 DESTELBERGEN · Publications in State Gazette ↗
17-02-2025
Judicial reorganisation Opening
Date: 11-02-2025 · Ondernemingsrechtbank Gent · collectif · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-02-17 · Judicial reorganisation · Opening2025-04-14 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

2 acts
All acts · 2 updated 2 years ago
2024
13-02-2024 2 directors appointed Director changes·Stefanie Mikolajczak
  • Verhaeghe Myriam, Bestuurder
  • Hadjilambri Adeline, Bestuurder
Notary: Stefanie Mikolajczak · Destelbergen
2022
07-11-2022 1 director appointed, 1 resigning Director changes
  • Van den Bulke Kristof, Gedelegeerd bestuurder
  • Hans Verhaeghe, Gedelegeerd bestuurder

Analysis

Snowflake analysis

financial profile on 5 axes
Health4Profitability100Solvency61Growth58Stability0
45 / 100

Mixed profile: strong on profitability, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 4
Profitability 100
Solvency 61
Growth 58
Stability 0

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Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 10 of the 116 companies in this sector. 6 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Vervaardiging van elektrische huishoudapparaten27510Vervaardiging van elektrische huishoudapparaten27510Vervaardiging van elektrische huishoudapparaten29710
Primary activity highlighted.
Names & trade names
Legal nameNL EuroQueen
Registered office
Dendermondesteenweg 530 bus B
9070 Destelbergen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.