Active BE 0461.491.554Public limited company

HANDY

Alsembergsesteenweg 1027B ·1180 Ukkel, Belgium· 28 yrs active

Sector: Overige reiniging van gebouwen; industriële reiniging (81220)

Conclusion Checked

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.

Key figures

Equity	€-4.25M
Net result	€-4.33M
Staff (FTE)	11.9
Active	28 yrs

Snowflake analysis 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

0 / 100

Low 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 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 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.

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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 30-11-2020 with the NBB · fiscal year 2019 · volledig

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

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	volledig
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 ratio	0.15
Quick ratio	0.15
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%
ROE	101.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €37k · 4.8% Current assets €742k · 95.3%

Full annual accounts

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

Line item	Code	2019
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

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Ratios computed by Checked.

Legal Structure

NACE primary	Overige reiniging van gebouwen; industriële reiniging(81220)
Legal form	Public limited company(014)
Incorporation	01-10-1997
Status	Active
Postal code	1180

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).

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.

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.

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

30-11-2020