Active BE 0420.290.805Private limited company (pre-2019)Open bankruptcy

KRUEGER SYSTEMS

Lichterstraat 77B ·2870 Puurs-Sint-Amands, Belgium· 46 yrs active

Sector: Groothandel in gereedschapswerktuigen (46620)

Conclusion Checked

A bankruptcy procedure is open for KRUEGER SYSTEMS according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2021 annual accounts show equity of €18k and a net result of €-18k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€18k
Net result	€-18k
Staff (FTE)	2.2
Better than sector	22%

Snowflake analysis 5 of 5 axes measured · computed by Checked

8 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 7

Solvency 13

Growth 22

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

70 / 100

Severe 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.

Components

· 2 judicial reorganisations (+20)

· Open bankruptcy (+50)

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 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 2021 · computed

0 / 100 Critical

050100

Computed from 6 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.

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Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 27-07-2022 with the NBB · fiscal year 2021 · verkort

RevenueOperating resultNet result

Sector comparison

Fiscal year 2021 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	7.9%	29.7%	better than 22% of 608 sector peers
Net result	€-18k	€39k	better than 18% of 608 sector peers
Equity	€18k	€241k	better than 18% of 609 sector peers
Gross operating margin	€157k	€226k	better than 42% of 607 sector peers
Staff costs	€146k	€147k	higher than 50% of 347 sector peers

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

Revenue

€276k

-13.6% 18-21

EBITDA

€11k

-75.4% 18-21

Net profit

€-18k

-111.8% 18-21

Cash flow

€5k

-78.4% 18-21

Total assets

€229k

-30.6% 18-21

Equity

€18k

-49.4% 18-21

Working capital

€-26k

- 18-21

Employees (FTE)

2

+10.0% 18-21

Staff costs

€146k

- 18-21

Income taxes

€229

-8.4% 18-21

Debt

€206k

-28.8% 18-21

Debt ≤ 1y

€149k

-3.2% 18-21

Debt > 1y

€57k

-58.3% 18-21

Current ratio

0.83

-36.8% 18-21

Quick ratio

0.45

-55.2% 18-21

Solvency

7.9%

-27.0% 18-21

Debt / equity

11.40

+201.0% 18-21

ROE

-97.6%

-318.6% 18-21

ROA

-7.7%

-205.4% 18-21

Net margin

-6.4%

-145.2% 18-21

EBITDA margin

4.0%

-71.6% 18-21

Interest coverage

2.00

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	€276k
EBITDA	€11k
Net profit	€-18k
Cash flow	€5k
Staff costs	€146k
Income taxes	€229
Dividends	-
Total assets	€229k
Equity	€18k
Debt	€206k
of which ≤ 1y	€149k
of which > 1y	€57k
Working capital	€-26k
Employees (FTE)	2.2

Ratios (computed)

	2021
Current ratio	0.83
Quick ratio	0.45
Working capital ratio	-11.2%
Solvency	7.9%
Debt / equity	11.40
Long-term debt ratio	3.13
Interest coverage	2.00
Gross margin	56.0%
Net margin	-6.4%
ROA	-7.7%
ROE	-97.6%
EBITDA margin	4.0%
Days sales outstanding	66d
Days payable outstanding	267d
Inventory turnover	2.15
Days inventory (DSI)	170d

Balance-sheet composition 2021

Assets

Fixed assets €106k · 46.1% Current assets €123k · 53.9%

Equity & liabilities

Equity €18k · 7.9% Provisions €4k · 1.9% Debt €206k · 90.2%

Full annual accounts

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€229k
Fixed assets	21/28	€106k
Tangible fixed assets	22/27	€106k
Current assets	29/58	€123k
Stocks & contracts in progress	3	€57k
Amounts receivable within one year	40/41	€51k
Cash & bank	54/58	€495
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€229k
Equity	10/15	€18k
Contributions / capital	10/11	€31k
Reserves	13	€13k
Accumulated profits (losses)	14	€-26k
Provisions & deferred taxes	16	€4k
Amounts payable	17/49	€206k
Amounts payable after one year	17	€57k
Amounts payable within one year	42/48	€149k
Trade debts payable within one year	44	€89k
Income statement
Turnover	70	€276k
Gross operating margin	9900	€157k
Operating result	9901	€-12k
Financial charges	65	€5k
Result before taxes	9903	€-17k
Income taxes	67/77	€229
Net result for the period	9904	€-18k
Result to be appropriated	9905	€-18k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	ELKE VAN WEERDT TEMSESTEENWEG 2, 2880 BORNEM ↔ Also on 55 other cases	03-07-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Groothandel in gereedschapswerktuigen(46620)
Legal form	Private limited company (pre-2019)(015)
Incorporation	24-03-1980
Status	Active
Postal code	2870
First BS signal	23-09-2022
Latest BS signal	12-07-2023

Establishment units 1 location

Lichterstraat 77B, 2870 Puurs-Sint-Amands

Installatie van industriële machines, toestellen en werktuigen

since 19802.017.328.992

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.
12008A0018/00K000	Flanders	478 m²	1 · 478 m²	8.0 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 13 events

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

2023

12-07-2023

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Mechelen · KRUEGER SYSTEMS BV LICHTERSTRAAT 77B, 2870. PUURS-SINT-AMANDS · event 03-07-2023

2022

16-12-2022

Judicial reorganisation Plan homologation

Ondernemingsrechtbank Antwerpen · 20220012 · event 12-12-2022

23-09-2022

Judicial reorganisation Opening

Ondernemingsrechtbank Antwerpen · collectif · event 12-09-2022

27-07-2022