Active BE 0438.029.135Public limited company

FLOREXPO S.A

Rue de France 80 ·6820 Florenville, Belgium· 37 yrs active

Sector: Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton) (47811)

Conclusion Checked

The KBO register records legal situation 050 for FLOREXPO S.A (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2019 annual accounts show negative equity (€-411k) and a net result of €-549k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-411k
Net result	€-549k
Staff (FTE)	2
Active	37 yrs

Financial profile 5 of 5 axes measured · computed by Checked

42 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

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

0 / 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.

Trust signals 1 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 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 2019 · 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 2019 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 22-07-2020 with the NBB · fiscal year 2019 · volledig

Operating resultNet result

EBITDA

€96k

- 18-19

Net profit

€-549k

+6.9% 18-19

Cash flow

€-524k

+6.7% 18-19

Total assets

€434k

+5.9% 18-19

Equity

€-411k

+8.9% 18-19

Working capital

€-218k

+18.8% 18-19

Employees (FTE)

2

-28.6% 18-19

Income taxes

€172

- 18-19

Show 9 other metrics

Debt

€683k

-0.4% 18-19

Debt ≤ 1y

€425k

-0.4% 18-19

Debt > 1y

€250k

0.0% 18-19

Current ratio

0.49

+31.2% 18-19

Quick ratio

0.26

+157.6% 18-19

Solvency

-94.6%

+14.0% 18-19

Debt / equity

-0.61

-9.8% 18-19

ROE

133.5%

+2.3% 18-19

ROA

-126.3%

+12.1% 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	volledig
Revenue	-
EBITDA	€96k
Net profit	€-549k
Cash flow	€-524k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€434k
Equity	€-411k
Debt	€683k
of which ≤ 1y	€425k
of which > 1y	€250k
Working capital	€-218k
Employees (FTE)	2.0

Ratios (computed)

	2019
Current ratio	0.49
Quick ratio	0.26
Working capital ratio	-50.2%
Solvency	-94.6%
Debt / equity	-0.61
Long-term debt ratio	-0.61
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-126.3%
ROE	133.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €227k · 52.3% Current assets €207k · 47.7%

Full annual accounts (25 line items)

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

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€434k
Fixed assets	21/28	€227k
Tangible fixed assets	22/27	€227k
Financial fixed assets	28	€560
Current assets	29/58	€207k
Stocks & contracts in progress	3	€95k
Amounts receivable within one year	40/41	€108k
Investments	50/53	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€434k
Equity	10/15	€-411k
Contributions / capital	10/11	€74k
Reserves	13	€63k
Accumulated profits (losses)	14	€-549k
Provisions & deferred taxes	16	€162k
Amounts payable	17/49	€683k
Amounts payable after one year	17	€250k
Amounts payable within one year	42/48	€425k
Trade debts payable within one year	44	€291k
Income statement
Gross operating margin	9900	€182k
Operating result	9901	€72k
Financial income	75	€255
Financial charges	65	€32k
Result before taxes	9903	€40k
Net result for the period	9904	€40k
Result to be appropriated	9905	€40k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)(47811)
Legal form	Public limited company(014)
Incorporation	14-08-1989
Status	Active
Postal code	6820

Establishment units 1 location

GARAGE HENRION ET WILLAIME

Rue de France 80, 6820 Florenvillede kleinhandel in nieuwe en gebruikte auto's voor personenvervoer,inclusief die voor bijzondere doeleinden (vb ambulances)

since 19892.045.234.409

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.
85011D0289/00C000	Wallonia	2,579 m²	1 · 182 m²	4.2 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.

2020

22-07-2020