Kucher
Open bankruptcyA bankruptcy procedure is open for Kucher according to publications in the Belgian State Gazette; curator: GEERT VAN DEYCK.
Summary
The 2022 annual accounts show equity of €32k and a net result of €-10k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€218k▲ 9.9%
2020 · €198k
2018: €25klowest in 4 years
2019: €157k▲ +522% vs 2018
2020: €198k▲ +26.8% vs 2019
2021: €218k▲ +9.9% vs 2020highest in 4 years
2018 → 2021
EBIT margin
14.2%▲ 10.9pp
2020 · 3.2%
2018: 5.5%
2019: 3.3%▼ -39.8% vs 2018
2020: 3.2%▼ -2.6% vs 2019lowest in 4 years
2021: 14.2%▲ +339% vs 2020highest in 4 years
2018 → 2021
Net result
€-10k
2021 · €30k
2018: €1k
2019: €5k▲ +274% vs 2018
2020: €5k▲ +3.2% vs 2019
2021: €30k▲ +469% vs 2020highest in 5 years
2022: €-10k▼ -134% vs 2021lowest in 5 years
2018 → 2022
Working capital
€23k▼ 30.8%
2021 · €33k
2018: €66
2019: €5k▲ +7833% vs 2018
2020: €-833▼ -116% vs 2019lowest in 5 years
2021: €33k▲ +4015% vs 2020highest in 5 years
2022: €23k▼ -30.8% vs 2021
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€25k-€157k▲ 522%€198k▲ 26.8%€218k▲ 9.9%
2018: €25klowest in 4 years
2019: €157k▲ +522% vs 2018
2020: €198k▲ +26.8% vs 2019
2021: €218k▲ +9.9% vs 2020highest in 4 years
Equity€1k-€7k▲ 373%€12k▲ 81.4%€42k▲ 255%€32k▼ 24.4%
2018: €1klowest in 5 years
2019: €7k▲ +373% vs 2018
2020: €12k▲ +81.4% vs 2019
2021: €42k▲ +255% vs 2020highest in 5 years
2022: €32k▼ -24.4% vs 2021
Operating result€1k-€5k▲ 274%€6k▲ 23.4%€31k▲ 383%€-9k
2018: €1k
2019: €5k▲ +274% vs 2018
2020: €6k▲ +23.4% vs 2019
2021: €31k▲ +383% vs 2020highest in 5 years
2022: €-9k▼ -130% vs 2021lowest in 5 years
Net result€1k-€5k▲ 274%€5k▲ 3.2%€30k▲ 469%€-10k
2018: €1k
2019: €5k▲ +274% vs 2018
2020: €5k▲ +3.2% vs 2019
2021: €30k▲ +469% vs 2020highest in 5 years
2022: €-10k▼ -134% vs 2021lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €9k after €31k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €39k
Fixed assets
€9k ▼ 3.0%
Current assets
€29k ▼ 22.8%
Equity and liabilities €39k
Equity
€32k ▼ 24.4%
Debt
€7k ▲ 27.7%
Debt's share of the balance-sheet total rises from 11.0% to 17.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2021 · €35k
Cash flow
€-5k▼
2021 · €35k
Current ratio
4.38▼
2021 · 7.25
Debt to equity
0.21▲
2021 · 0.12
ROE
-32.3%▼
2021 · 71.9%
ROA
-26.7%▼
2021 · 64.0%
Interest coverage
-17.61▼
2021 · 78.96
Debt ≤ 1 year
€7k▲
2021 · €5k
Income taxes
€1k
Staff costs
€5k▼
2021 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 41 lines
Balance sheet
Code20212022
Assets
Total assets20/58€48k€39k▼
Fixed assets21/28€10k€9k▼
Tangible fixed assets22/27€10k€9k▼
Plant, machinery and equipment23€10k€9k▼
Financial fixed assets28-€500
Current assets29/58€38k€29k▼
Amounts receivable within one year40/41€8k€16k▲
Trade receivables40€2k€9k▲
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€30k€13k▼
Equity and liabilities
Total equity and liabilities10/49€48k€39k▼
Equity10/15€42k€32k▼
Contributions10/11€5€5=
Capital10€5-
Issued capital100€5-
Profit (loss) carried forward14€42k€32k▼
Amounts payable17/49€5k€7k▲
Amounts payable within one year42/48€5k€7k▲
Current portion of amounts payable after more than one year42€680-
Trade debts44€4k€7k▲
Suppliers440/4€4k€7k▲
Taxes, remuneration and social security45€713-
Remuneration and social security454/9€713-
Income statement
Code20212022
Turnover70€218k-
Goods, raw materials, services and sundry goods60/61€170k€182k▲
Remuneration, social security and pensions62€13k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€131€3k▲
Gross operating margin9900€48k€4k▼
Operating profit (loss)9901€31k€-9k▼
Financial income75/76B-€182
Recurring financial income75-€182
Financial charges65/66B€443€241▼
Recurring financial charges65€443€241▼
Non-recurring financial charges66B€443-
Profit (loss) for the period before taxes9903€30k€-9k▼
Income taxes67/77-€1k
Profit (loss) for the period9904€30k€-10k▼
Profit (loss) for the period to be appropriated9905€30k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€32k▼
Profit (loss) brought forward from the previous period14P€12k€42k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €25k | €157k | €198k | €218k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €170k | €182k | ▲ 7.3% |
| Remuneration, social security and pensions62 | - | - | - | €13k | €5k | ▼ 59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €331 | €2k | €4k | €4k | €5k | ▲ 20.2% |
| Other operating charges640/8 | - | - | - | €131 | €3k | ▲ 2,002% |
| Gross operating margin9900 | €2k | €11k | €21k | €48k | €4k | ▼ 92.0% |
| Operating profit (loss)9901 | €1k | €5k | €6k | €31k | €-9k | ▼ 130% |
| Financial income75/76B | - | - | - | - | €182 | - |
| Recurring financial income75 | - | - | - | - | €182 | - |
| Financial charges65/66B | - | - | - | €443 | €241 | ▼ 45.6% |
| Recurring financial charges65 | - | - | - | €443 | €241 | ▼ 45.6% |
| Non-recurring financial charges66B | - | - | - | €443 | - | - |
| Profit (loss) for the period before taxes9903 | €1k | €5k | €5k | €30k | €-9k | ▼ 130% |
| Income taxes67/77 | - | - | - | - | €1k | - |
| Profit (loss) for the period9904 | €1k | €5k | €5k | €30k | €-10k | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | €1k | €5k | €5k | €30k | €-10k | ▼ 134% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3k | €43k | €29k | €48k | €39k | ▼ 18.7% |
| Fixed assets21/28 | €1k | €9k | €13k | €10k | €9k | ▼ 3.0% |
| Tangible fixed assets22/27 | €1k | €9k | €13k | €10k | €9k | ▼ 8.1% |
| Plant, machinery and equipment23 | - | - | - | €10k | €9k | ▼ 8.1% |
| Financial fixed assets28 | - | - | - | - | €500 | - |
| Current assets29/58 | €1k | €34k | €15k | €38k | €29k | ▼ 22.8% |
| Amounts receivable within one year40/41 | €1k | €10k | €10k | €8k | €16k | ▲ 105% |
| Trade receivables40 | - | - | - | €2k | €9k | ▲ 268% |
| Other amounts receivable41 | - | - | - | €5k | €7k | ▲ 30.7% |
| Cash at bank and in hand54/58 | - | €21k | €4k | €30k | €13k | ▼ 55.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3k | €43k | €29k | €48k | €39k | ▼ 18.7% |
| Equity10/15 | €1k | €7k | €12k | €42k | €32k | ▼ 24.4% |
| Contributions10/11 | €5 | €5 | €5 | €5 | €5 | = |
| Capital10 | - | - | - | €5 | - | - |
| Issued capital100 | - | - | - | €5 | - | - |
| Profit (loss) carried forward14 | €1k | €7k | €12k | €42k | €32k | ▼ 24.4% |
| Amounts payable17/49 | €1k | €36k | €17k | €5k | €7k | ▲ 27.7% |
| Amounts payable after more than one year17 | - | €8k | €680 | - | - | - |
| Amounts payable within one year42/48 | €1k | €28k | €16k | €5k | €7k | ▲ 27.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €680 | - | - |
| Trade debts44 | - | €17k | €8k | €4k | €7k | ▲ 74.1% |
| Suppliers440/4 | - | - | - | €4k | €7k | ▲ 74.1% |
| Taxes, remuneration and social security45 | - | - | - | €713 | - | - |
| Remuneration and social security454/9 | - | - | - | €713 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €5k | €5k | €30k | €-10k | ▼ 134% |
| + Depreciation and write-downs630 | €331 | €2k | €4k | €4k | €5k | ▲ 20.2% |
| Operating cash flow (approximation) | €2k | €8k | €9k | €35k | €-5k | ▼ 116% |
| Investment in fixed assets (approximation) | - | €-10k | €-8k | €-413 | €-5k | ▼ 1,026% |
| Change in cash | - | - | €-17k | €26k | €-17k | ▼ 164% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
31-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 23-12-2024
2023
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 138 days late
2022
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 86 days late
2021
31-12
Financial
Highest result since 2018net €30k ▲469%
Operating result €31k, net result €30k, both a record.
31-12
Financial
Liquidity times 8current ratio 7.25
Current ratio from 0.95 to 7.25; short-term debt falls from €16k to €5k.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2018
Ground area
171 m²
Building footprint
171 m²
Volume, LiDAR
1,054 m³
Parcel 12025B0582/00C000, Flanders · tallest building 13.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Keizerstraat 25, 2800 Mechelen
since 20182.275.226.159
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025B0582/00C000 | Flanders | 171 m² | 1 · 170 m² | 13.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GEERT VAN DEYCK CELLEBROEDERSSTRAAT 13,
2800 MECHELEN |
23-12-2024 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteMechelen2.275.226.159
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,413 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.