Checked.be
Active
BE 0549.921.209Private limited company
EXPRESSO BELGIUM
· 12 yrs active
Sector: Detailhandel in kledingstoffen
(47511)
Conclusion
The KBO register records legal situation 050 for EXPRESSO BELGIUM (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2018 annual accounts show negative equity (€-475k) and a net result of €-2.23M.
Based on the State Gazette, CBE and 1 annual account.
Key figures
| Equity | €-475k |
| Net result | €-2.23M |
| Staff (FTE) | 16.7 |
| Active | 12 yrs |
Financial profile
9
/ 100
Fragile profile, watch health in particular.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
0
Profitability
33
Solvency
3
Growth
-
Stability
0
Bankruptcy probability (12 mo)
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
0 / 100
High riskRegister: open bankruptcyThis 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
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 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.
Health barometer
0
/ 100
Critical
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 2018 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview
Annual accounts filed on 21-11-2019 with the NBB · fiscal year 2018 · volledig
| Fiscal year | 2018 |
|---|---|
| Deposit | volledig |
| Revenue | €3.27M |
| EBITDA | €-623k |
| Net profit | €-2.23M |
| Cash flow | €-2.19M |
| Staff costs | - |
| Income taxes | €292 |
| Dividends | - |
| Total assets | €1.17M |
| Equity | €-475k |
| Debt | €1.65M |
| of which ≤ 1y | €1.65M |
| of which > 1y | - |
| Working capital | €-672k |
| Employees (FTE) | 16.7 |
Ratios (computed)
| 2018 | |
|---|---|
| Current ratio | 0.59 |
| Quick ratio | 0.30 |
| Working capital ratio | -57.4% |
| Solvency | -40.6% |
| Debt / equity | - |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | -68.1% |
| ROA | -190.3% |
| ROE | 468.7% |
| EBITDA margin | -19.0% |
| Days sales outstanding | 39d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2018
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2018 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.17M |
| Fixed assets | 21/28 | €196k |
| Intangible fixed assets | 21 | €192 |
| Tangible fixed assets | 22/27 | €174k |
| Financial fixed assets | 28 | €22k |
| Current assets | 29/58 | €974k |
| Stocks & contracts in progress | 3 | €477k |
| Amounts receivable within one year | 40/41 | €347k |
| Cash & bank | 54/58 | €150k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.17M |
| Equity | 10/15 | €-475k |
| Contributions / capital | 10/11 | €258k |
| Accumulated profits (losses) | 14 | €-734k |
| Amounts payable | 17/49 | €1.65M |
| Amounts payable within one year | 42/48 | €1.65M |
| Trade debts payable within one year | 44 | €1.54M |
| Income statement | ||
| Turnover | 70 | €3.27M |
| Operating result | 9901 | €-659k |
| Financial income | 75 | €8k |
| Financial charges | 65 | €82k |
| Result before taxes | 9903 | €-733k |
| Income taxes | 67/77 | €292 |
| Net result for the period | 9904 | €-734k |
| Result to be appropriated | 9905 | €-734k |
Ratios computed by Checked.
Legal Structure
| NACE primary | Detailhandel in kledingstoffen(47511) |
| Legal form | Private limited company(610) |
| Incorporation | 02-04-2014 |
| Status | Active |
| Postal code | - |
Establishment units
Establishment
since 20142.233.045.314
INNO BRUSSEL
since 20142.233.045.512
INNO BASCULE
since 20142.233.045.215
Inno Hasselt
since 20142.241.184.109
Inno charleroi
since 20152.241.183.713
Inno Liège
since 20152.241.184.604
Show 10 more locations
Inno Gent
since 20152.241.184.703
Inno Namur
since 20152.241.184.307
Inno Brugge
since 20152.241.183.812
Inno Waasland
since 20152.241.183.911
Inno Meir
since 20152.244.725.104
Promiss
since 20152.293.770.678
INNO LEUVEN
since 20172.269.350.434
INNO MECHELEN
since 20172.269.350.632
INNO WOLUWE
since 20172.269.351.127
Inno Louise
since 20182.277.718.465
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
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
9
(60%)
Wallonia
2
(13.3%)
Brussels
4
(26.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11443B0494/00T000 | Flanders | 11.2 ha | 1 · 1.7 ha | 12.6 m · 2 fl. |
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 fl. |
| 21802B0581/00F000 | Brussels | 1.2 ha | 1 · 1.2 ha | 30.0 m · 8 fl. |
| 11803C0320/00E000 | Flanders | 8,698 m² | 1 · 8,737 m² | - |
| 21612C0009/00R000 | Brussels | 6,077 m² | 1 · 2,425 m² | 13.2 m · 2 fl. |
| 12025C0124/00D000 | Flanders | 3,604 m² | 1 · 3,384 m² | 19.8 m · 5 fl. |
| 52011C0056/00A002 | Wallonia | 3,315 m² | 1 · 3,358 m² | 31.1 m · 8 fl. |
| 71022H0833/00L002 | Flanders | 2,893 m² | 1 · 2,095 m² | 17.7 m · 5 fl. |
| 24062A0733/00K000 | Flanders | 2,727 m² | - | - |
| 12403D0141/00C003 | Flanders | 1,988 m² | 1 · 1,780 m² | 37.5 m · 2 fl. |
5 more parcels, available from Kantoor S.
See plans →Methodology
via registered seat: 1 · via establishment units: 14
15 of 15 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
3 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2019
21-11-2019
NBB filing
Annual accounts filed
2018
19-12-2018
NBB filing
Annual accounts filed
2017
20-12-2017
NBB filing
Annual accounts filed
2015
30-10-2015
NBB filing
Annual accounts filed
Belgian State Gazette reading coverage
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Detailhandel in kledingstoffen47511Groothandel in weefsels, stoffen en fournituren46411Groothandel in huishoudtextiel en beddengoed46412Groothandel in overig textiel46419Detailhandel in huishoudtextiel en beddengoed47512Detailhandel in overig textiel47519
Primary activity highlighted.
Names & trade names
| Legal nameNL | EXPRESSO BELGIUM |
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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