Active BE 0463.159.657Private limited company (pre-2019)Open bankruptcy

Fenix Recycling

Hamerstraat 14 ·3201 Aarschot, Belgium· 28 yrs active

Sector: NACE 52230 (52230)

Conclusion Checked

A bankruptcy procedure is open for Fenix Recycling according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €167k and a net result of €12k.

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

Key figures

Equity	€167k
Net result	€12k
Staff (FTE)	0.6
Active	28 yrs

Snowflake analysis 5 axes · computed by Checked

46 / 100

Mixed profile: strong on solvency, weaker on stability.

Health 21

Profitability 36

Solvency 97

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 risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2021 · computed

21 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 12-08-2022 with the NBB · fiscal year 2021 · micro

Operating resultNet result

EBITDA

€38k

-53.7% +118% vs sector

Net profit

€12k

-23.5% -2% vs sector

Cash flow

€26k

-28.5% +97% vs sector

Total assets

€311k

-20.1% +95% vs sector

Equity

€167k

+7.8% +274% vs sector

Working capital

€140k

-2.8% +410% vs sector

Employees (FTE)

1

— -40% vs sector

Staff costs

€30k

— -70% vs sector

Income taxes

€6k

-52.8% +101% vs sector

Debt

€144k

-38.5% +40% vs sector

Debt ≤ 1y

€138k

-37.6% +35% vs sector

Debt > 1y

€6k

-53.7% -96% vs sector

Current ratio

2.02

+22.0% +37% vs sector

Quick ratio

1.15

+24.6% -22% vs sector

Solvency

53.6%

+34.8% +50% vs sector

Debt / equity

0.86

+914.0% -52% vs sector

ROE

7.2%

-29.0% -87% vs sector

ROA

3.9%

-4.3% -76% vs sector

Interest coverage

2.98

— -84% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Revenue	—
EBITDA	€38k
Net profit	€12k
Cash flow	€26k
Staff costs	€30k
Income taxes	€6k
Dividends	—
Total assets	€311k
Equity	€167k
Debt	€144k
of which ≤ 1y	€138k
of which > 1y	€6k
Working capital	€140k
Employees (FTE)	0.6

Ratios (computed)

	2021
Current ratio	2.02
Quick ratio	1.15
Working capital ratio	45.1%
Solvency	53.6%
Debt / equity	0.86
Long-term debt ratio	0.04
Interest coverage	2.98
Gross margin	—
Net margin	—
ROA	3.9%
ROE	7.2%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2021

Assets

Fixed assets €33k · 10.5% Current assets €278k · 89.5%

Equity & liabilities

Equity €167k · 53.6% Debt €144k · 46.4%

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	€311k
Fixed assets	21/28	€33k
Tangible fixed assets	22/27	€33k
Current assets	29/58	€278k
Stocks & contracts in progress	3	€120k
Amounts receivable within one year	40/41	€149k
Cash & bank	54/58	€7k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€311k
Equity	10/15	€167k
Contributions / capital	10/11	€6k
Reserves	13	€168k
Accumulated profits (losses)	14	€-7k
Amounts payable	17/49	€144k
Amounts payable after one year	17	€6k
Amounts payable within one year	42/48	€138k
Trade debts payable within one year	44	€110k
Income statement
Gross operating margin	9900	€70k
Operating result	9901	€24k
Financial income	75	€7k
Financial charges	65	€13k
Result before taxes	9903	€18k
Income taxes	67/77	€6k
Net result for the period	9904	€12k
Result to be appropriated	9905	€12k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	JOHAN MOMMAERTS BRUSSELSESTEENWEG 62, 3000 LEUVEN ↔ Also on 172 other cases	11-05-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	52230
Legal form	Private limited company (pre-2019)(015)
Incorporation	20-04-1998
Status	Active
Postal code	3201
First BS signal	17-05-2023
Latest BS signal	17-05-2023

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 2 locations

Flying Bar

Hamerstraat 14, 3201 AarschotCafé-restaurants (tavernen)

since 19982.086.839.984

Fenix Recycling

Prinsenweg 53, 3700 Tongeren-BorgloonVervaardiging van lucht- en ruimtevaartuigen en van toestellen in verband daarmee

since 20212.317.715.228

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 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73348B0672/00P000	Flanders	2,567 m²	1 · 700 m²	9.5 m · 2 fl.
24652E0032/00S002	Flanders	1,408 m²	1 · 123 m²	7.8 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 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.

2023

17-05-2023

Bankruptcy Opening

Ondernemingsrechtbank Leuven · FENIX RECYCLING BV HAMERSTRAAT 14, 3201 LANGDORP · event 11-05-2023

2022

12-08-2022