Active BE 0682.907.714Private limited company

JJ Retail

Pastorijstraat 2 D ·3850 Nieuwerkerken (Limb.), Belgium· 8 yrs active

Sector: Non-specialised food retail (47110)

Conclusion Checked

The KBO register records legal situation 050 for JJ Retail (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (€-166k) and a net result of €-169k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-166k
Net result	€-169k
Staff (FTE)	8.6
Better than sector	10%

Snowflake analysis 5 of 5 axes measured · computed by Checked

35 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 7

Profitability 100

Solvency 36

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 2023 · computed

7 / 100 Critical

050100

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.

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Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Financial overview5 NBB filings

Annual accounts filed on 31-10-2023 with the NBB · fiscal year 2023 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-19.9%	23.1%	better than 10% of 1069 sector peers
Net result	€-169k	€25k	better than 5% of 1068 sector peers
Equity	€-166k	€132k	better than 5% of 1070 sector peers
Gross operating margin	€285k	€202k	better than 62% of 1068 sector peers
Staff costs	€302k	€151k	higher than 73% of 810 sector peers

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

EBITDA

€-22k

- 19-23

Net profit

€-169k

-80.8% 19-23

Cash flow

€-55k

- 19-23

Total assets

€835k

-29.3% 19-23

Equity

€-166k

- 19-23

Working capital

€-264k

-16.3% 19-23

Employees (FTE)

9

-20.4% 19-23

Staff costs

€302k

+0.5% 19-23

Income taxes

€428

- 19-23

Debt

€1.00M

-15.0% 19-23

Debt ≤ 1y

€658k

-18.6% 19-23

Debt > 1y

€329k

-11.0% 19-23

Current ratio

0.60

-16.8% 19-23

Quick ratio

0.21

-9.0% 19-23

Solvency

-19.9%

- 19-23

Debt / equity

-6.03

- 19-23

ROE

102.1%

- 19-23

ROA

-20.3%

-155.9% 19-23

Interest coverage

-0.65

- 19-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	verkort
Revenue	-
EBITDA	€-22k
Net profit	€-169k
Cash flow	€-55k
Staff costs	€302k
Income taxes	-
Dividends	-
Total assets	€835k
Equity	€-166k
Debt	€1.00M
of which ≤ 1y	€658k
of which > 1y	€329k
Working capital	€-264k
Employees (FTE)	8.6

Ratios (computed)

	2023
Current ratio	0.60
Quick ratio	0.21
Working capital ratio	-31.7%
Solvency	-19.9%
Debt / equity	-6.03
Long-term debt ratio	-1.98
Interest coverage	-0.65
Gross margin	-
Net margin	-
ROA	-20.3%
ROE	102.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €441k · 52.8% Current assets €394k · 47.2%

Full annual accounts

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

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€835k
Fixed assets	21/28	€441k
Tangible fixed assets	22/27	€441k
Current assets	29/58	€394k
Stocks & contracts in progress	3	€257k
Amounts receivable within one year	40/41	€72k
Cash & bank	54/58	€49k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€835k
Equity	10/15	€-166k
Contributions / capital	10/11	€82k
Accumulated profits (losses)	14	€-248k
Amounts payable	17/49	€1.00M
Amounts payable after one year	17	€329k
Amounts payable within one year	42/48	€658k
Trade debts payable within one year	44	€416k
Income statement
Gross operating margin	9900	€285k
Operating result	9901	€-136k
Financial income	75	€400
Financial charges	65	€34k
Result before taxes	9903	€-169k
Net result for the period	9904	€-169k
Result to be appropriated	9905	€-169k

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Ratios computed by Checked.

Legal Structure

NACE primary	Non-specialised food retail(47110)
Legal form	Private limited company(610)
Incorporation	13-10-2017
Status	Active
Postal code	3850

Establishment units 2 locations

SPAR

Terweidenstraat 12, 3440 ZoutleeuwDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)

since 20172.269.551.164

Pastorijstraat 2 D, 3850 Nieuwerkerken (Limb.)

Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)

since 20202.305.011.196

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 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71045B0097/00S002	Flanders	773 m²	1 · 177 m²	8.7 m · 2 fl.
24017D0206/00N004	Flanders	569 m²	1 · 460 m²	8.6 m · 2 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.

Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

31-10-2023