Active BE 0644.447.709Public limited companyOpen bankruptcy

Go North

Assesteenweg 96 ·1740 Ternat, Belgium· 10 yrs active

Sector: Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren (46160)

Conclusion Checked

A bankruptcy procedure is open for Go North according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €289k and a net result of €-183k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€289k
Net result	€-183k
Staff (FTE)	13.5
Better than sector	75%

Snowflake analysis 5 of 5 axes measured · computed by Checked

25 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 97

Growth 27

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 Flags 0 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 2023 · computed

0 / 100 Critical

050100

Computed from 6 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.

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

Financial overview8 NBB filings

Annual accounts filed on 23-01-2024 with the NBB · fiscal year 2023 · verkort

RevenueOperating resultNet result

Sector comparison

Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	54.7%	26.4%	better than 75% of 883 sector peers
Net result	€-183k	€24k	better than 9% of 882 sector peers
Equity	€289k	€157k	better than 60% of 884 sector peers
Gross operating margin	€526k	€179k	better than 77% of 881 sector peers
Staff costs	€608k	€155k	higher than 84% of 562 sector peers

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

Revenue

€2.02M

-16.1% 19-23

EBITDA

€-115k

- 19-23

Net profit

€-183k

- 19-23

Cash flow

€-119k

- 19-23

Total assets

€528k

-31.2% 19-23

Equity

€289k

-38.8% 19-23

Working capital

€285k

-29.4% 19-23

Employees (FTE)

14

+16.4% 19-23

Staff costs

€608k

+25.5% 19-23

Income taxes

€41k

- 19-23

Debt

€239k

-19.2% 19-23

Debt ≤ 1y

€231k

-20.9% 19-23

Current ratio

2.24

-6.2% 19-23

Quick ratio

0.98

+55.6% 19-23

Solvency

54.7%

-11.0% 19-23

Debt / equity

0.83

+31.9% 19-23

ROE

-63.3%

- 19-23

ROA

-34.6%

- 19-23

Net margin

-9.1%

- 19-23

EBITDA margin

-5.7%

- 19-23

Interest coverage

-26.56

- 19-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	verkort
Revenue	€2.02M
EBITDA	€-115k
Net profit	€-183k
Cash flow	€-119k
Staff costs	€608k
Income taxes	-
Dividends	-
Total assets	€528k
Equity	€289k
Debt	€239k
of which ≤ 1y	€231k
of which > 1y	-
Working capital	€285k
Employees (FTE)	13.5

Ratios (computed)

	2023
Current ratio	2.24
Quick ratio	0.98
Working capital ratio	54.1%
Solvency	54.7%
Debt / equity	0.83
Long-term debt ratio	-
Interest coverage	-26.56
Gross margin	25.6%
Net margin	-9.1%
ROA	-34.6%
ROE	-63.3%
EBITDA margin	-5.7%
Days sales outstanding	1d
Days payable outstanding	12d
Inventory turnover	5.18
Days inventory (DSI)	70d

Balance-sheet composition 2023

Assets

Fixed assets €12k · 2.2% Current assets €516k · 97.8%

Equity & liabilities

Equity €289k · 54.7% Debt €239k · 45.3%

Full annual accounts

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

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€528k
Fixed assets	21/28	€12k
Intangible fixed assets	21	€0
Tangible fixed assets	22/27	€12k
Current assets	29/58	€516k
Stocks & contracts in progress	3	€290k
Amounts receivable within one year	40/41	€73k
Cash & bank	54/58	€123k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€528k
Equity	10/15	€289k
Contributions / capital	10/11	€62k
Reserves	13	€6k
Accumulated profits (losses)	14	€221k
Amounts payable	17/49	€239k
Amounts payable within one year	42/48	€231k
Trade debts payable within one year	44	€48k
Income statement
Turnover	70	€2.02M
Gross operating margin	9900	€526k
Operating result	9901	€-179k
Financial charges	65	€4k
Result before taxes	9903	€-183k
Net result for the period	9904	€-183k
Result to be appropriated	9905	€-183k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	SYLVIA LAGROU JOZEF VAN ELEWIJCKSTRAAT 86 BUS 6, 1853 STROMBEEK-BEVER	25-06-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren(46160)
Legal form	Public limited company(014)
Incorporation	11-12-2015
Status	Active
Postal code	1740
First BS signal	02-07-2024
Latest BS signal	02-07-2024

Establishment units 5 locations

S&S Hasselt

Kleinhandel in kledingstoffen en meubileringstoffen

since 20152.248.558.681

S&S Liège

Kleinhandel in kledingstoffen en meubileringstoffen

since 20152.248.558.780

S&S Leuven

Diestsestraat 121-123, 3000 LeuvenKleinhandel in kledingstoffen en meubileringstoffen

since 20152.248.558.978

Go North Ternat

Assesteenweg 96, 1740 TernatKleinhandel in kledingstoffen en meubileringstoffen

since 20162.248.698.441

GO NORTH Mechelen

Bruul 123-125, 2800 MechelenKleinhandel in kledingstoffen en meubileringstoffen

since 20162.249.882.336

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 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23086A0480/00Z000	Flanders	3,080 m²	1 · 251 m²	15.4 m · 4 fl.
12025C0774/00A000 ProtectedMonumentCommanderij PitzemburgSource ↗	Flanders	267 m²	1 · 128 m²	13.6 m · 2 fl.
24502B0207/00X000indicative	Flanders	121 m²	1 · 121 m²	16.6 m · 5 fl.
71022H0302/00C000	Flanders	116 m²	1 · 116 m²	12.2 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 3

3 of 4 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 9 events

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

2024

02-07-2024

Bankruptcy Opening

Ondernemingsrechtbank Brussel · GO NORTH NV ASSE- STEENWEG 96, 1740 TERNAT · event 25-06-2024

23-01-2024