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ITALIAROC

Active
Private limited company (pre-2019)·Bouw van rioleringen· 10 yrs active
Open bankruptcy
KBO/BCE: BE 0635.873.996
Watch Print / PDF
Age10 yrs
Staff (FTE)1
Real estate1 parcel · 726 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for ITALIAROC according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €67k and a net result of €59k.

Based on the State Gazette, CBE and 3 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.

Insolvency timeline

1 events
29-11-2021
Bankruptcy Opening
Date: 23-11-2021 · Ondernemingsrechtbank Brussel · ITALIAROC BV GRENS- STRAAT 166/3, 1970 WEZEMBEEK-OPPEM · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2020) 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.
Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 27-10-2021, 88 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 5 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 31-12-2020, that is 31-07-2021.
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 27-10-2021 88 d late 2021-73900114
31-12-2019 31-07-2020 25-08-2021 390 d late 2021-56400066
31-12-2018 31-07-2019 25-08-2021 756 d late 2021-56400064
31-12-2017 31-07-2018 28-09-2018 59 d late 2018-67900517
31-12-2016 31-07-2017 28-09-2018 424 d late 2018-67900514

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 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.
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€59k+36.4%
Working capital€66k+82.0%
Directors1

Annual accounts & ratios

Source: NBB · 2020
Annual accounts filed on 27-10-2021 with the NBB · fiscal year 2020 · micro
€0€20k€40k€60kOperating result 2018: €5k€5kNet result 2018: €15k€15kOperating result 2019: €15k€15kNet result 2019: €43k€43kOperating result 2020: €12k€12kNet result 2020: €59k€59k201820192020
Operating resultNet result
Sector comparison
Fiscal year 2020 · NACE 42 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 84.2% 45.1%
better than 92% of 64 sector peers
Net result €13k €9k
better than 57% of 64 sector peers
Equity €67k €43k
better than 60% of 64 sector peers
Gross operating margin €29k €35k
better than 42% of 63 sector peers
Total assets €79k €110k
better than 33% of 64 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€19k
-23.3% 18-20
Net profit
€59k
+36.4% 18-20
Cash flow
€66k
+24.3% 18-20
Total assets
€79k
-19.8% 18-20
Equity
€67k
+31.1% 18-20
Working capital
€66k
+82.0% 18-20
Employees (FTE)
1
- 18-20
Income taxes
€1k
-59.5% 18-20
Debt
€12k
-73.9% 18-20
Debt ≤ 1y
€6k
-87.8% 18-20
Current ratio
12.29
+599.7% 18-20
Quick ratio
12.29
+599.7% 18-20
Solvency
84.2%
+63.6% 18-20
ROE
88.9%
+4.0% 18-20
ROA
74.9%
+70.2% 18-20
Figures by fiscal year
Fiscal year2020
Depositmicro
Revenue-
EBITDA€19k
Net profit€59k
Cash flow€66k
Staff costs-
Income taxes€1k
Dividends-
Total assets€79k
Equity€67k
Debt€12k
of which ≤ 1y€6k
of which > 1y-
Working capital€66k
Employees (FTE)1.0
Ratios (computed)
2020
Current ratio12.29
Quick ratio12.29
Working capital ratio83.4%
Solvency84.2%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA74.9%
ROE88.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€79k
Fixed assets 21/28€7k
Tangible fixed assets 22/27€7k
Current assets 29/58€72k
Amounts receivable within one year 40/41€71k
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€79k
Equity 10/15€67k
Contributions / capital 10/11€6k
Reserves 13€1k
Accumulated profits (losses) 14€59k
Amounts payable 17/49€12k
Amounts payable within one year 42/48€6k
Income statement
Gross operating margin 9900€29k
Operating result 9901€12k
Financial income 75€4k
Financial charges 65€2k
Result before taxes 9903€14k
Income taxes 67/77€1k
Net result for the period 9904€13k
Result to be appropriated 9905€13k
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 2020 · computed
23 / 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 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

3 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator STEFAAN AERTS
KEIZER KARELLAAN 586 BUS 9, 1082 SINT-AGATHA-BERCHEM
 23-11-2021 → present Belgian State Gazette

Legal Structure

NACE primary Bouw van rioleringen(42212)
Legal form Private limited company (pre-2019)(015)
Incorporation30-08-2015
StatusActive
Postal code-
First BS signal 29-11-2021
Latest BS signal 29-11-2021

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 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.

Establishment units

1 location
HP Débouchage
Afvalwaterafvoer
since 20152.247.032.714
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area726 m²
Buildings1
Building footprint402 m²
Volume (LiDAR)4,172 m³
Tallest building17.2 m · ±4 fl.

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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22302C0229/00H000 Flanders 726 m² 1 · 402 m² 17.2 m · 4 fl.
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

1 event from the State Gazette
29-11-2021
Bankruptcy Opening
Date: 23-11-2021 · Ondernemingsrechtbank Brussel · ITALIAROC BV GRENS- STRAAT 166/3, 1970 WEZEMBEEK-OPPEM · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262021-11-29 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

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
Health23Profitability100Solvency100Growth78Stability0
60 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 23
Profitability 100
Solvency 100
Growth 78
Stability 0

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

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

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 34 of the 265 companies in this sector. 25 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Bouw van rioleringen42212Bouw van rioleringen42212Afvalwaterafvoer37000Afvalwaterafvoer37000Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Loodgieterswerk43221Sanitaire werkzaamheden43221
Primary activity highlighted.
Names & trade names
Legal nameFR ITALIAROC
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.