Active BE 0820.154.301Private limited company (pre-2019)Open bankruptcy

J & N

Aardstraat 5 ·3980 Tessenderlo, Belgium· 16 yrs active

Sector: Specialised construction (43120)

Conclusion Checked

A bankruptcy procedure is open for J & N according to publications in the Belgian State Gazette. The 2019 annual accounts show equity of €335k and a net result of €-707k.

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

Key figures

Equity	€335k
Net result	€-707k
Staff (FTE)	29.8
Active	16 yrs

Snowflake analysis 5 axes · computed by Checked

15 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 0

Solvency 22

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 2019 · computed

0 / 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 30-09-2020 with the NBB · fiscal year 2019 · verkort

Operating resultNet result

EBITDA

€-155k

- far below sector median

Net profit

€-707k

-1303.2% far below sector median

Cash flow

€-336k

- far below sector median

Total assets

€3.68M

+10.2% far above sector median

Equity

€335k

+30.7% +139% vs sector

Working capital

€324k

+39.6% far above sector median

Employees (FTE)

30

-23.6% far above sector median

Income taxes

€126

- -81% vs sector

Debt

€3.34M

+8.5% far above sector median

Debt ≤ 1y

€1.62M

-16.6% far above sector median

Debt > 1y

€1.69M

+48.4% far above sector median

Current ratio

1.20

+7.2% -9% vs sector

Quick ratio

1.04

+3.7% +5% vs sector

Solvency

9.1%

+18.6% -77% vs sector

Debt / equity

5.03

+13.5% +58% vs sector

ROE

-210.7%

-973.4% far below sector median

ROA

-19.2%

-1173.1% far below sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Revenue	-
EBITDA	€-155k
Net profit	€-707k
Cash flow	€-336k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€3.68M
Equity	€335k
Debt	€3.34M
of which ≤ 1y	€1.62M
of which > 1y	€1.69M
Working capital	€324k
Employees (FTE)	29.8

Ratios (computed)

	2019
Current ratio	1.20
Quick ratio	1.04
Working capital ratio	8.8%
Solvency	9.1%
Debt / equity	5.03
Long-term debt ratio	5.03
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-19.2%
ROE	-210.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €1.73M · 47.2% Current assets €1.94M · 52.9%

Equity & liabilities

Equity €335k · 9.1% Debt €3.34M · 90.9%

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	€3.68M
Fixed assets	21/28	€1.73M
Tangible fixed assets	22/27	€1.66M
Financial fixed assets	28	€72k
Current assets	29/58	€1.94M
Stocks & contracts in progress	3	€254k
Amounts receivable within one year	40/41	€885k
Cash & bank	54/58	€17k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.68M
Equity	10/15	€335k
Contributions / capital	10/11	€120k
Reserves	13	€39k
Accumulated profits (losses)	14	€-707k
Amounts payable	17/49	€3.34M
Amounts payable after one year	17	€1.69M
Amounts payable within one year	42/48	€1.62M
Trade debts payable within one year	44	€744k
Income statement
Gross operating margin	9900	€1.20M
Operating result	9901	€-525k
Financial income	75	€961
Financial charges	65	€132k
Result before taxes	9903	€-656k
Net result for the period	9904	€-656k
Result to be appropriated	9905	€-656k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	THIERRY BIELEN HEUVENSTRAAT 50, 3520 ZONHOVEN	07-01-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43120)
Legal form	Private limited company (pre-2019)(015)
Incorporation	29-10-2009
Status	Active
Postal code	3980
First BS signal	13-01-2021
Latest BS signal	13-01-2021

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

J&N

Aardstraat 5, 3980 TessenderloBouw van water- en gasdistributienetten

since 20092.182.458.032

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.
71363C0732/00F000	Flanders	8,338 m²	1 · 236 m²	7.1 m · 2 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.

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

13-01-2021

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · J & N BV AARDSTRAAT 5/A, 3980 TESSENDERLO · event 07-01-2021

2020

30-09-2020