Active BE 0447.520.980Private limited companyOpen bankruptcy

HASSELT TOOL DESIGN

Industriezone Schurhovenveld 4440 ·3800 Sint-Truiden, Belgium· 34 yrs active

Sector: NACE 27402 (27402)

Conclusion Checked

A bankruptcy procedure is open for HASSELT TOOL DESIGN according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €115k and a net result of €3k.

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

Key figures

Equity	€115k
Net result	€3k
Better than sector	70%
Active	34 yrs

Snowflake analysis 5 axes · computed by Checked

35 / 100

Fragile profile, watch stability in particular.

Health 8

Profitability 13

Solvency 100

Growth 52

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 2020 · computed

8 / 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 26-01-2021 with the NBB · fiscal year 2020 · micro

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 27 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	56.4%	44.6%	better than 70% of 35 sector peers
Net result	€3k	€3k	better than 50% of 35 sector peers
Equity	€115k	€126k	better than 44% of 35 sector peers
Total assets	€203k	€1.06M	better than 35% of 35 sector peers

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

EBITDA

€-8k

- far below sector median

Net profit

€3k

-54.8% ≈ vs sector

Cash flow

€8k

-29.5% ≈ vs sector

Total assets

€203k

+32.2% -48% vs sector

Equity

€115k

+2.6% +22% vs sector

Working capital

€93k

+7.3% +22% vs sector

Income taxes

€3k

-86.0% -4% vs sector

Debt

€89k

+111.2% -70% vs sector

Debt ≤ 1y

€89k

+111.2% ≈ vs sector

Current ratio

2.05

-33.1% -20% vs sector

Quick ratio

1.98

-32.2% ≈ vs sector

Solvency

56.4%

-22.4% +112% vs sector

ROE

2.5%

-56.0% ≈ vs sector

ROA

1.4%

-65.8% far above sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Revenue	-
EBITDA	€-8k
Net profit	€3k
Cash flow	€8k
Staff costs	-
Income taxes	€3k
Dividends	-
Total assets	€203k
Equity	€115k
Debt	€89k
of which ≤ 1y	€89k
of which > 1y	-
Working capital	€93k
Employees (FTE)	-

Ratios (computed)

	2020
Current ratio	2.05
Quick ratio	1.98
Working capital ratio	45.6%
Solvency	56.4%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	1.4%
ROE	2.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €22k · 10.8% Current assets €181k · 89.2%

Equity & liabilities

Equity €115k · 56.4% Debt €89k · 43.6%

Full annual accounts

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

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€203k
Fixed assets	21/28	€22k
Tangible fixed assets	22/27	€19k
Financial fixed assets	28	€3k
Current assets	29/58	€181k
Stocks & contracts in progress	3	€6k
Amounts receivable within one year	40/41	€141k
Cash & bank	54/58	€43
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€203k
Equity	10/15	€115k
Contributions / capital	10/11	€44k
Reserves	13	€71k
Amounts payable	17/49	€89k
Amounts payable within one year	42/48	€89k
Trade debts payable within one year	44	€41k
Income statement
Gross operating margin	9900	€39k
Operating result	9901	€-14k
Financial income	75	€220
Financial charges	65	€3k
Result before taxes	9903	€6k
Income taxes	67/77	€3k
Net result for the period	9904	€3k
Result to be appropriated	9905	€3k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	ILSE ROOX HASSALUTHDREEF 12B BUS 2, 3500 HASSELT ↔ Also on 118 other cases	11-03-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	27402
Legal form	Private limited company(610)
Incorporation	02-06-1992
Status	Active
Postal code	3800
First BS signal	17-03-2021
Latest BS signal	17-03-2021

Company structure, linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

N.B. de Borchgravestraat 4440, 3800 Sint-Truiden

Productie van legeringen van edele metalen

since 19962.130.929.355

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.
71352C0650/00C003	Flanders	4,714 m²	1 · 2,753 m²	6.3 m · 2 fl.

Methodology

via establishment units: 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.

2021

17-03-2021

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · HASSELT TOOL DESIGN BV INDUSTRIEZONE SCHURHOVENVELD 4440, 3800 SINT-TRUIDEN · event 11-03-2021

26-01-2021