Active BE 0424.309.375Public limited companyOpen bankruptcy

GARAGE THUY

Lakborslei 81 ·2100 Antwerpen, Belgium· 43 yrs active

Sector: Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton) (95311)

Conclusion Checked

A bankruptcy procedure is open for GARAGE THUY according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-646k) and a net result of €-633k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-646k
Net result	€-633k
Staff (FTE)	15.3
Better than sector	5%

Financial profile 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

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 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 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.

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 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-09-2022 with the NBB · fiscal year 2021 · verkort

RevenueOperating resultNet result

Sector comparison

Fiscal year 2021 · NACE 95 · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-55.5%	34.4%	better than 5% of 63 sector peers
Net result	€-633k	€50k	better than 5% of 63 sector peers
Equity	€-646k	€224k	better than 5% of 63 sector peers
Gross operating margin	€550k	€333k	better than 68% of 63 sector peers
Staff costs	€788k	€214k	higher than 89% of 42 sector peers

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

Revenue

€7.91M

- 19-21

EBITDA

€-510k

+32.6% 19-21

Net profit

€-633k

+35.7% 19-21

Cash flow

€-508k

+39.0% 19-21

Total assets

€1.16M

-12.1% 19-21

Equity

€-646k

-4770.2% 19-21

Working capital

€-1.06M

-114.7% 19-21

Employees (FTE)

15

-8.9% 19-21

Show 14 other metrics

Staff costs

€788k

- 19-21

Income taxes

€443

0.0% 19-21

Debt

€1.81M

+36.2% 19-21

Debt ≤ 1y

€1.66M

+46.1% 19-21

Debt > 1y

€100k

-30.3% 19-21

Current ratio

0.36

-36.0% 19-21

Quick ratio

0.19

-15.6% 19-21

Solvency

-55.5%

-5442.5% 19-21

Debt / equity

-2.80

+74.2% 19-21

ROE

97.9%

-98.7% 19-21

ROA

-54.3%

+26.8% 19-21

Net margin

-0.9%

- 19-21

EBITDA margin

10.3%

- 19-21

Interest coverage

-91.42

- 19-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	-
EBITDA	€-510k
Net profit	€-633k
Cash flow	€-508k
Staff costs	€788k
Income taxes	€443
Dividends	-
Total assets	€1.16M
Equity	€-646k
Debt	€1.81M
of which ≤ 1y	€1.66M
of which > 1y	€100k
Working capital	€-1.06M
Employees (FTE)	15.3

Ratios (computed)

	2021
Current ratio	0.36
Quick ratio	0.19
Working capital ratio	-91.0%
Solvency	-55.5%
Debt / equity	-2.80
Long-term debt ratio	-0.16
Interest coverage	-91.42
Gross margin	-
Net margin	-
ROA	-54.3%
ROE	97.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €564k · 48.4% Current assets €601k · 51.6%

Full annual accounts (26 line items)

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.16M
Fixed assets	21/28	€564k
Intangible fixed assets	21	€4k
Tangible fixed assets	22/27	€558k
Financial fixed assets	28	€3k
Current assets	29/58	€601k
Stocks & contracts in progress	3	€280k
Amounts receivable within one year	40/41	€246k
Cash & bank	54/58	€57k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.16M
Equity	10/15	€-646k
Contributions / capital	10/11	€138k
Reserves	13	€832k
Accumulated profits (losses)	14	€-1.62M
Amounts payable	17/49	€1.81M
Amounts payable after one year	17	€100k
Amounts payable within one year	42/48	€1.66M
Trade debts payable within one year	44	€484k
Income statement
Gross operating margin	9900	€550k
Operating result	9901	€-635k
Financial income	75	€8k
Financial charges	65	€6k
Result before taxes	9903	€-632k
Income taxes	67/77	€443
Net result for the period	9904	€-633k
Result to be appropriated	9905	€-633k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	STEFANIE HENS BRITSELEI 76, 2000 06 ANTWERPEN-	18-10-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)(95311)
Legal form	Public limited company(014)
Incorporation	28-06-1983
Status	Active
Postal code	2100
First BS signal	24-10-2022
Latest BS signal	24-10-2022

Establishment units 1 location

Lakborslei 81, 2100 Antwerpen

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

since 19832.022.599.260

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.
11343A0616/00P000	Flanders	10 m²	-	-

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 11 events

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

2022

24-10-2022

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · GARAGE THUY NV LAKBOR- SLEI 81, 2100 DEURNE (ANTWERPEN) · event 18-10-2022

30-09-2022