Active BE 0453.409.573Public limited companyOpen bankruptcy

GROEP SLEUYTER

Dirk Martensstraat 23 ·8200 Brugge, Belgium· 31 yrs active

Sector: Real estate activities (68121)

Conclusion Checked

A bankruptcy procedure is open for GROEP SLEUYTER according to publications in the Belgian State Gazette. The 2018 annual accounts show negative equity (€-416k) and a net result of €-484k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€-416k
Net result	€-484k
Staff (FTE)	0.2
Active	31 yrs

Snowflake analysis 5 axes · computed by Checked

36 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 100

Solvency 28

Growth 50

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 2018 · computed

0 / 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 17-01-2020 with the NBB · fiscal year 2018 · verkort

Highlight YoY changes (±10%)

Fiscal year	2018
Revenue	-
EBITDA	€-284k
Net profit	€-484k
Cash flow	€-476k
Staff costs	-
Income taxes	€6k
Dividends	-
Total assets	€1.78M
Equity	€-416k
Debt	€1.08M
of which ≤ 1y	€1.08M
of which > 1y	-
Working capital	€359k
Employees (FTE)	0.2

Ratios (computed)

	2018
Current ratio	1.33
Quick ratio	0.81
Working capital ratio	20.1%
Solvency	-23.4%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-27.2%
ROE	116.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €340k · 19.1% Current assets €1.44M · 80.9%

Full annual accounts

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

Line item	Code	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.78M
Fixed assets	21/28	€340k
Tangible fixed assets	22/27	€247k
Financial fixed assets	28	€94k
Current assets	29/58	€1.44M
Stocks & contracts in progress	3	€569k
Amounts receivable within one year	40/41	€637k
Investments	50/53	€137
Cash & bank	54/58	€204k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.78M
Equity	10/15	€-416k
Contributions / capital	10/11	€62k
Reserves	13	€6k
Accumulated profits (losses)	14	€-484k
Provisions & deferred taxes	16	€1.12M
Amounts payable	17/49	€1.08M
Amounts payable within one year	42/48	€1.08M
Trade debts payable within one year	44	€476k
Income statement
Gross operating margin	9900	€-245k
Operating result	9901	€-293k
Financial income	75	€0
Financial charges	65	€3k
Result before taxes	9903	€-296k
Income taxes	67/77	€6k
Net result for the period	9904	€-302k
Result to be appropriated	9905	€-283k

Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	YVES CASTERMANS HOUTKAAI 15/02, 8000 BRUGGE-	17-02-2020 → present	Belgian State Gazette
Curator	MARC CASTERMANS HOUTKAAI 15/02, 8000 BRUGGE- marc.castermans@castermans- advocaten.be	17-02-2020 → present	Belgian State Gazette

Legal Structure

NACE primary	Real estate activities(68121)
Legal form	Public limited company(014)
Incorporation	07-09-1994
Status	Active
Postal code	8200
First BS signal	24-02-2020
Latest BS signal	24-02-2020

Company structure, linked entities2 linked entities

Mandates

Establishment units 1 location

Northlaan 9, 8400 Oostende

Vervaardiging van verf, vernis ed, drukinkt en mastiek

since 19942.068.422.159

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.
35384A0150/00Y011	Flanders	2.1 ha	1 · 716 m²	24.7 m · 7 fl.
31424B0624/00R000	Flanders	3,649 m²	1 · 999 m²	8.7 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.

2020

24-02-2020

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Brugge · GROEP SLEUYTER NV IN VEREFFENING DIRK MARTENSSTRAAT 23, 8200 BRUGGE · event 17-02-2020

17-01-2020