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LAZER

Active
Rue André Dumont 3 ·1435 Mont-Saint-Guibert, Belgium
Open bankruptcy
KBO/BCE: BE 0475.671.271
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Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age24 yrs
Staff (FTE)7.9

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for LAZER according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2020 annual accounts show equity of €532k and a net result of €-34.16M.

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

2 events
17-06-2022
Bankruptcy Opening
Date: 13-06-2022 · Tribunal de l’entreprise du Brabant wallon · LAZER SA RUE ANDRE DUMONT 3, 1435 MONT-SAINT-GUIBERT · Publications in State Gazette ↗
10-02-2022
Judicial reorganisation Opening
Date: 31-01-2022 · Tribunal de l’entreprise du Brabant wallon · collectif · 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 30-08-2021, 30 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 10 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 30-08-2021 30 d late 2021-59200060
31-12-2019 31-07-2020 28-07-2020 3 d early 2020-36100442
31-12-2018 31-07-2019 30-07-2019 1 d early 2019-40400546
31-12-2017 31-07-2018 30-08-2018 30 d late 2018-60200285
31-12-2016 31-07-2017 14-09-2017 45 d late 2017-60900455
31-12-2015 31-07-2016 31-08-2016 31 d late 2016-58200096
31-08-2014 31-03-2015 25-03-2015 6 d early 2015-07000195

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

Turnover€3.32M+10.6%
EBIT margin-12.0%+1.8pp
Net result€-34.16M-2.5%
Working capital€-1.48M-45.3%
Directors1

Annual accounts & ratios

Source: NBB · 2020
Annual accounts filed on 30-08-2021 with the NBB · fiscal year 2020 · volledig
€-40.00M€-30.00M€-20.00M€-10.00M€0Revenue 2018: €3.00M€3.00MOperating result 2018: €-416k€-416kNet result 2018: €-32.44M€-32.44MRevenue 2019: €3.32M€3.32MOperating result 2019: €-399k€-399kNet result 2019: €-33.33M€-33.33MOperating result 2020: €-344k€-344kNet result 2020: €-34.16M€-34.16M201820192020
RevenueOperating resultNet result
Sector comparison
Fiscal year 2020 · NACE 47, Retail trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 19.3% 30.8%
better than 36% of 432 sector peers
Net result €-828k €18k
better than 5% of 433 sector peers
Equity €532k €184k
better than 74% of 433 sector peers
Gross operating margin €624k €134k
better than 89% of 357 sector peers
Employees (FTE) 7.9 6.1
better than 60% of 300 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€3.32M
+10.6% 18-20
EBITDA
€-103k
+34.6% 18-20
Net profit
€-34.16M
-2.5% 18-20
Cash flow
€-33.92M
-2.5% 18-20
Total assets
€2.76M
-11.6% 18-20
Equity
€532k
-60.9% 18-20
Working capital
€-1.48M
-45.3% 18-20
Employees (FTE)
8
-8.1% 18-20
Debt
€2.23M
+26.6% 18-20
Debt ≤ 1y
€1.84M
+25.3% 18-20
Debt > 1y
€386k
+32.7% 18-20
Current ratio
0.19
-36.5% 18-20
Quick ratio
0.03
-63.8% 18-20
Solvency
19.3%
-55.7% 18-20
Debt / equity
0.72
+238.9% 18-20
ROE
-6417.4%
-161.9% 18-20
ROA
-1238.8%
-15.9% 18-20
Net margin
-1005.2%
+7.1% 18-20
EBITDA margin
-4.7%
+26.5% 18-20
Figures by fiscal year
Fiscal year2020
Depositvolledig
Revenue-
EBITDA€-103k
Net profit€-34.16M
Cash flow€-33.92M
Staff costs-
Income taxes-
Dividends-
Total assets€2.76M
Equity€532k
Debt€2.23M
of which ≤ 1y€1.84M
of which > 1y€386k
Working capital€-1.48M
Employees (FTE)7.9
Ratios (computed)
2020
Current ratio0.19
Quick ratio0.03
Working capital ratio-53.7%
Solvency19.3%
Debt / equity0.72
Long-term debt ratio0.72
Interest coverage-
Gross margin-
Net margin-
ROA-1238.8%
ROE-6417.4%
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€2.76M
Fixed assets 21/28€2.40M
Intangible fixed assets 21€2.09M
Tangible fixed assets 22/27€298k
Financial fixed assets 28€16k
Current assets 29/58€354k
Stocks & contracts in progress 3€297k
Amounts receivable within one year 40/41€16k
Cash & bank 54/58€22k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.76M
Equity 10/15€532k
Contributions / capital 10/11€34.69M
Accumulated profits (losses) 14€-34.16M
Amounts payable 17/49€2.23M
Amounts payable after one year 17€386k
Amounts payable within one year 42/48€1.84M
Trade debts payable within one year 44€565k
Income statement
Gross operating margin 9900€624k
Operating result 9901€-344k
Financial income 75€26k
Financial charges 65€118k
Result before taxes 9903€-828k
Net result for the period 9904€-828k
Result to be appropriated 9905€-828k
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
0 / 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

3 directors
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Alexander de Vos van Steenwijk
    Director
    State Gazette act 18169658 (28-11-2018)
    Not recently confirmed
    last confirmed in an act from 2018
    4 events
    • 28-11-2018 Appointed· Director
    • 28-11-2018 Appointed· Managing director
    • 10-04-2015 Appointed· Director
    • 10-04-2015 Appointed· Daily management delegate
Former directors (2)
  • Christopher Wright
    Director
    State Gazette act 11006102 (11-01-2011)
    Former
    - → 11-01-2011
  • Emmanuel Cocquoin
    Director
    State Gazette act 10170765 (24-11-2010)
    Former
    - → 24-11-2010
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator JEAN NOEL BASTENIERE
CHAUSSEE DE LOUVAIN 241, 1410 WATERLOO
 13-06-2022 → present Belgian State Gazette

Legal Structure

NACE primary Detailhandel in motorrijwielen, delen en toebehoren van motorrijwielen(47830)
Legal form Public limited company(014)
Incorporation17-09-2001
StatusActive
Postal code1435
First BS signal 10-02-2022
Latest BS signal 17-06-2022

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.

Rue André Dumont 31435 Mont-Saint-Guibert

Establishment units

1 location
Rue André Dumont 3, 1435 Mont-Saint-Guibert
groothandel in nieuwe of gebruikte motorrijwielen
since 20012.098.628.454
Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Publications

Lifecycle & Insolvency Signals

2 events from the State Gazette
17-06-2022
Bankruptcy Opening
Date: 13-06-2022 · Tribunal de l’entreprise du Brabant wallon · LAZER SA RUE ANDRE DUMONT 3, 1435 MONT-SAINT-GUIBERT · Publications in State Gazette ↗
10-02-2022
Judicial reorganisation Opening
Date: 31-01-2022 · Tribunal de l’entreprise du Brabant wallon · collectif · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-02-10 · Judicial reorganisation · Opening2022-06-17 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

8 acts
Capital history · 2
27-01-2020
v3.2
17-02-2017
v3.2
All acts · 8 updated 6 years ago
2020
27-01-2020 Capital increase of €185,149 to €34,695,151.71 Capital & shares
  • €34.510.002,71 → €34.695.151,71
  • Inbreng in geld · Apport en numéraire
Summary: v3.2
2019
07-01-2019 Articles of association amended Statutes amendment
Summary: v3.2
2018
28-11-2018 2 directors appointed Director changes
  • Alexander de Vos van Steenwijk, Bestuurder
  • Alexander de Vos van Steenwijk, Gedelegeerd bestuurder
Summary: v3.2
2017
17-02-2017 Capital increase of €2,540,500.83 to €32,295,177.57 Capital & shares
  • €29.754.676,74 → €32.295.177,57
  • Inbreng in natura · Apport en nature
Summary: v3.2
2015
21-10-2015 Articles of association amended Statutes amendment
Summary: v3.2
10-04-2015 2 directors appointed Director changes
  • de Vos Van Steenwijk Alexander, Bestuurder
  • de Vos Van Steenwijk Alexander, Dagelijks bestuur
Summary: v3.2
2011
11-01-2011 Christopher Wright resigns as director Director changes
  • Christopher Wright, Bestuurder
Summary: v3.2
2010
24-11-2010 Emmanuel Cocquoin resigns as director Director changes
  • Emmanuel Cocquoin, Bestuurder
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency44Growth45Stability0
18 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 44
Growth 45
Stability 0

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Credit advice

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

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 86 of the 1,127 companies in this sector. 42 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Detailhandel in en onderhoud en reparatie van motorfietsen en delen en toebehoren van motorfietsen45402Detailhandel in motorrijwielen, delen en toebehoren van motorrijwielen47830Handel in en onderhoud en reparatie van motorrijwielen en onderdelen en toebehoren van motorrijwielen50400
Primary activity highlighted.
Names & trade names
Legal nameFR LAZER
AbbreviationFR IMAG
Registered office
Rue André Dumont 3
1435 Mont-Saint-Guibert, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.