Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for Horeca Management Advies according to publications in the Belgian State Gazette. The file additionally contains 1 interim measure. The 2022 annual accounts show negative equity (€-8k) and a net result of €-21k.
Based on the State Gazette, CBE and 3 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
2 events04-11-2024
Bankruptcy
Opening
25-09-2024
Interim measure
Provisional administrator
Signals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideFiling 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 4 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 31-12-2022, that is 31-07-2023.
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 | 27-02-2024 | 211 d late | 2024-00038790 |
| 31-12-2021 | 31-07-2022 | 12-07-2022 | 19 d early | 2022-20173878 |
| 31-12-2020 | 31-07-2021 | 23-12-2021 | 145 d late | 2021-81800448 |
| 31-12-2019 | 31-07-2020 | 03-04-2020 | 119 d early | 2020-08600093 |
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
2 signalsRegister: 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
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€-21k-894.8%
Working capital€-148k-69.9%
Directors1
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 27-02-2024 with the NBB · fiscal year 2022 · verkort
Sector comparison
Fiscal year 2022 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -1.0% | 40.3% | |
| Net result | €-21k | €31k | |
| Equity | €-8k | €129k | |
| Gross operating margin | €40k | €64k | |
| Staff costs | €0 | €107k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P11
Stable position over 2020-2022
· n=440-861
P14
Weakening position over 2020-2022
· n=441-861
P10
Stable position over 2020-2022
· n=441-861
P38
Stable position over 2020-2022
· n=440-856
Describes the position versus peers, not a forecast.
€32k
+0.2%
20-22
€-21k
-894.8%
20-22
€-3k
-
20-22
€739k
+7.1%
20-22
€-8k
-
20-22
€-148k
-69.9%
20-22
0
-100.0%
20-22
€0
-
20-22
€50
-50.9%
20-22
€747k
+10.3%
20-22
€199k
+97.8%
20-22
€547k
-4.9%
20-22
0.25
+94.9%
20-22
0.25
+94.9%
20-22
-1.0%
-
20-22
-97.08
-
20-22
271.4%
-
20-22
-2.8%
-828.8%
20-22
0.89
-49.4%
20-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €32k |
| Net profit | €-21k |
| Cash flow | €-3k |
| Staff costs | €0 |
| Income taxes | €50 |
| Dividends | - |
| Total assets | €739k |
| Equity | €-8k |
| Debt | €747k |
| of which ≤ 1y | €199k |
| of which > 1y | €547k |
| Working capital | €-148k |
| Employees (FTE) | 0.0 |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 0.25 |
| Quick ratio | 0.25 |
| Working capital ratio | -20.1% |
| Solvency | -1.0% |
| Debt / equity | -97.08 |
| Long-term debt ratio | -71.09 |
| Interest coverage | 0.89 |
| Gross margin | - |
| Net margin | - |
| ROA | -2.8% |
| ROE | 271.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €739k |
| Fixed assets | 21/28 | €688k |
| Formation expenses | 20 | €1k |
| Tangible fixed assets | 22/27 | €687k |
| Financial fixed assets | 28 | €682 |
| Current assets | 29/58 | €50k |
| Amounts receivable within one year | 40/41 | €42k |
| Cash & bank | 54/58 | €7k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €739k |
| Equity | 10/15 | €-8k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €9k |
| Accumulated profits (losses) | 14 | €-23k |
| Amounts payable | 17/49 | €747k |
| Amounts payable after one year | 17 | €547k |
| Amounts payable within one year | 42/48 | €199k |
| Trade debts payable within one year | 44 | €43k |
| Income statement | ||
| Gross operating margin | 9900 | €40k |
| Operating result | 9901 | €14k |
| Financial income | 75 | €929 |
| Financial charges | 65 | €36k |
| Result before taxes | 9903 | €-21k |
| Income taxes | 67/77 | €50 |
| Net result for the period | 9904 | €-21k |
| Result to be appropriated | 9905 | €-21k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2022 · computed0
/ 100
Critical
Computed from 5 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 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
Mon De RijckDirectorState Gazette act 24122777 (20-08-2024)Current17-07-2024 → present
3 events
- 17-07-2024 Appointed· Director
- 31-05-2024 Resigned· Director
- 19-12-2023 Appointed· Director
Former directors (1)
-
Zowie HayenDirectorState Gazette act 24122777 (20-08-2024)Former31-05-2024 → 17-07-2024
3 events
- 17-07-2024 Resigned· Director
- 31-05-2024 Appointed· Director
- 04-12-2023 Resigned· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | ASTRID LESCOUHIER DOMEIN DE HERTEN, HERTS-
BERGSESTRAAT 4, 8020 OOSTKAMP- |
28-10-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Activiteiten van hoofdkantoren(70100) |
| Legal form | Private limited company(610) |
| Incorporation | 24-09-2018 |
| Status | Active |
| Postal code | 8000 |
| First BS signal | 25-09-2024 |
| Latest BS signal | 04-11-2024 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Predikherenrei 88000 BruggeEstablishment units
2 locationsHoreca Management Advies
since 20182.280.954.307
Hotel Uilenspiegel
since 20202.303.972.407
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area419 m²
Buildings2
Building footprint175 m²
Volume (LiDAR)1,650 m³
Tallest building14.0 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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. |
|---|---|---|---|---|
| 31802B0282/00M000 | Flanders | 268 m² | 1 · 107 m² | 13.3 m · 3 fl. |
| 31802B1040/00B000 | Flanders | 152 m² | 1 · 68 m² | 14.0 m · 4 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.
Publications
Lifecycle & Insolvency Signals
2 events from the State Gazette04-11-2024
Bankruptcy
Opening
25-09-2024
Interim measure
Provisional administrator
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
3 acts Address history · 1
14-09-2023
Registered-office move
All acts · 3
updated 1 year ago
2024
20-08-2024 2 directors appointed, 3 resigning
- Zowie Hayen, Bestuurder
- Mon De Rijck, Bestuurder
- Mon De Rijck, Bestuurder
- Zowie Hayen, Bestuurder
- Mon De Rijck, Bestuurder
2023
19-12-2023 1 director appointed, 1 resigning
- Mon De Rijck, Bestuurder
- Zowie Hayen, Bestuurder
Notary:
Dirk Hendrickx · Brugge
14-09-2023 Registered office moved within Brugge
- Langestraat 2 -8000 Brugge → Predikherenrei, 8, 800d Brugge
Analysis
Snowflake analysis
financial profile on 5 axes33
/ 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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Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van hoofdkantoren70100Activiteiten van hoofdkantoren70100Vermogensbeheer66300Vermogensbeheer66300
Primary activity highlighted.
Names & trade names
| Legal nameNL | Horeca Management Advies |
Registered office
Predikherenrei 8
8000 Brugge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.