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HANDY

Active
Public limited company·Overige reiniging van gebouwen; industriële reiniging· 28 yrs active
Alsembergsesteenweg 1027B ·1180 Ukkel, Belgium
KBO/BCE: BE 0461.491.554
Watch Print / PDF
Age28 yrs
Staff (FTE)11.9
Real estate1 parcel · 162 m²

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for HANDY (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 (€-4.25M) and a net result of €-4.33M.

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

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Signals

Insufficient current data: the most recent filed accounts (financial year 2019) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2019, that is 31-07-2020.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 nothing on record not filed -
31-12-2020 31-07-2021 nothing on record not filed -
31-12-2019 31-07-2020 30-11-2020 122 d late 2020-73400169
31-12-2018 31-07-2019 27-08-2019 27 d late 2019-51600140
31-12-2017 31-07-2018 12-09-2018 43 d late 2018-62900139
31-12-2016 31-07-2017 06-07-2017 25 d early 2017-28500113
31-12-2015 31-07-2016 31-08-2016 31 d late 2016-53500159
31-12-2014 31-07-2015 20-08-2015 20 d late 2015-44100560

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

1 signal
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 Flags

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-4.33M-97787.6%
Working capital€-4.13M

Annual accounts & ratios

Source: NBB · 2019
Annual accounts filed on 30-11-2020 with the NBB · fiscal year 2019 · volledig
€-6.00M€-4.00M€-2.00M€0Operating result 2018: €18k€18kNet result 2018: €-4k€-4kOperating result 2019: €21k€21kNet result 2019: €-4.33M€-4.33M20182019
Operating resultNet result
EBITDA
€29k
-53.7% 18-19
Net profit
€-4.33M
-97787.6% 18-19
Cash flow
€-4.32M
- 18-19
Total assets
€779k
-14.8% 18-19
Equity
€-4.25M
- 18-19
Working capital
€-4.13M
- 18-19
Employees (FTE)
12
+95.1% 18-19
Income taxes
€4.33M
+23512.5% 18-19
Debt
€4.90M
+586.9% 18-19
Debt ≤ 1y
€4.87M
+641.1% 18-19
Debt > 1y
€32k
-43.1% 18-19
Current ratio
0.15
-87.7% 18-19
Quick ratio
0.15
-87.4% 18-19
Solvency
-545.4%
- 18-19
Debt / equity
-0.01
- 18-19
ROE
101.8%
- 18-19
ROA
-555.3%
-114762.9% 18-19
Figures by fiscal year
Fiscal year2019
Depositvolledig
Revenue-
EBITDA€29k
Net profit€-4.33M
Cash flow€-4.32M
Staff costs-
Income taxes€4.33M
Dividends-
Total assets€779k
Equity€-4.25M
Debt€4.90M
of which ≤ 1y€4.87M
of which > 1y€32k
Working capital€-4.13M
Employees (FTE)11.9
Ratios (computed)
2019
Current ratio0.15
Quick ratio0.15
Working capital ratio-530.2%
Solvency-545.4%
Debt / equity-0.01
Long-term debt ratio-0.01
Interest coverage-
Gross margin-
Net margin-
ROA-555.3%
ROE101.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2019
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2019
Balance sheet, Assets
TOTAL ASSETS 20/58€779k
Fixed assets 21/28€37k
Tangible fixed assets 22/27€26k
Financial fixed assets 28€11k
Current assets 29/58€742k
Amounts receivable within one year 40/41€408k
Cash & bank 54/58€121k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€779k
Equity 10/15€-4.25M
Contributions / capital 10/11€68k
Reserves 13€7k
Accumulated profits (losses) 14€-4.32M
Provisions & deferred taxes 16€123k
Amounts payable 17/49€4.90M
Amounts payable after one year 17€32k
Amounts payable within one year 42/48€4.87M
Trade debts payable within one year 44€439k
Income statement
Gross operating margin 9900€394k
Operating result 9901€21k
Financial income 75€205
Financial charges 65€13k
Result before taxes 9903€8k
Income taxes 67/77€4.33M
Net result for the period 9904€-4.33M
Result to be appropriated 9905€-4.33M
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from 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.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Alsembergsesteenweg 1027B1180 Ukkel

Establishment units

1 location
HANDY
Alsembergsesteenweg 1027b, 1180 Ukkelhet reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden
since 19972.083.571.480
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area162 m²

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21616G0149/00V011 Brussels 162 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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability100Solvency33Growth32Stability0
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

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Comparable size, same sector
We hold annual accounts for 671 of the 6,940 companies in this sector. 573 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Industriële reiniging74700Overige reiniging van gebouwen; industriële reiniging81220Overige reiniging van gebouwen; industriële reiniging81220
Primary activity highlighted.
Names & trade names
Legal nameNL HANDY
Registered office
Alsembergsesteenweg 1027B bus rez
1180 Ukkel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.