Active BE 0479.609.867Public limited companyOpen bankruptcy

LE LARRY

Haenhoutstraat 216 ·9070 Destelbergen, Belgium· 23 yrs active

Conclusion Checked

A bankruptcy procedure is open for LE LARRY according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-825k) and a net result of €-461k.

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

Key figures

Equity	€-825k
Net result	€-461k
Staff (FTE)	31.7
Active	23 yrs

Snowflake analysis 5 axes · computed by Checked

20 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 33

Solvency 38

Growth 30

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 2022 · 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 06-03-2023 with the NBB · fiscal year 2022 · volledig

RevenueOperating resultNet result

Revenue

€5.20M

-20.4% 18-22

EBITDA

€-362k

+0.4% 18-22

Net profit

€-461k

+1.7% 18-22

Cash flow

€-387k

-1.1% 18-22

Total assets

€1.56M

-28.0% 18-22

Equity

€-825k

-126.5% 18-22

Working capital

€-560k

-387.7% 18-22

Employees (FTE)

32

-10.2% 18-22

Staff costs

€1.45M

-9.2% 18-22

Income taxes

€412

+2.1% 18-22

Debt

€2.38M

-5.7% 18-22

Debt ≤ 1y

€1.96M

-4.2% 18-22

Debt > 1y

€400k

-4.3% 18-22

Current ratio

0.71

-24.3% 18-22

Quick ratio

0.57

-29.8% 18-22

Solvency

-53.1%

-214.3% 18-22

Debt / equity

-2.88

+58.3% 18-22

ROE

55.8%

-56.6% 18-22

ROA

-29.6%

-36.5% 18-22

Net margin

-8.9%

-23.6% 18-22

EBITDA margin

-7.0%

-25.2% 18-22

Interest coverage

-14.34

+38.9% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	€5.20M
EBITDA	€-362k
Net profit	€-461k
Cash flow	€-387k
Staff costs	€1.45M
Income taxes	€412
Dividends	-
Total assets	€1.56M
Equity	€-825k
Debt	€2.38M
of which ≤ 1y	€1.96M
of which > 1y	€400k
Working capital	€-560k
Employees (FTE)	31.7

Ratios (computed)

	2022
Current ratio	0.71
Quick ratio	0.57
Working capital ratio	-36.0%
Solvency	-53.1%
Debt / equity	-2.88
Long-term debt ratio	-0.48
Interest coverage	-14.34
Gross margin	46.7%
Net margin	-8.9%
ROA	-29.6%
ROE	55.8%
EBITDA margin	-7.0%
Days sales outstanding	66d
Days payable outstanding	134d
Inventory turnover	10.11
Days inventory (DSI)	36d

Balance-sheet composition 2022

Assets

Fixed assets €154k · 9.9% Current assets €1.40M · 90.1%

Full annual accounts

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

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.56M
Fixed assets	21/28	€154k
Intangible fixed assets	21	€4k
Tangible fixed assets	22/27	€150k
Financial fixed assets	28	€15
Current assets	29/58	€1.40M
Stocks & contracts in progress	3	€274k
Amounts receivable within one year	40/41	€1.03M
Cash & bank	54/58	€101k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.56M
Equity	10/15	€-825k
Contributions / capital	10/11	€125k
Reserves	13	€35k
Accumulated profits (losses)	14	€-985k
Amounts payable	17/49	€2.38M
Amounts payable after one year	17	€400k
Amounts payable within one year	42/48	€1.96M
Trade debts payable within one year	44	€1.02M
Income statement
Turnover	70	€5.20M
Operating result	9901	€-435k
Financial income	75	€8k
Financial charges	65	€33k
Result before taxes	9903	€-460k
Income taxes	67/77	€412
Net result for the period	9904	€-461k
Result to be appropriated	9905	€-461k

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Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	BENNY GOOSSENS TOLPOORTSTRAAT 145, 9800 DEINZE ↔ Also on 180 other cases	14-03-2023 → present	Belgian State Gazette
Curator	GEERT DEFREYNE KORT- RIJKSESTEENWEG 361, 9000 GENT- . 32724 MONITEUR BELGE — 20.03.2023 — BELGISCH STAATSBLAD	14-03-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	-
Legal form	Public limited company(014)
Incorporation	19-02-2003
Status	Active
Postal code	9070
First BS signal	20-03-2023
Latest BS signal	20-03-2023

Company structure, linked entities2 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

Haenhoutstraat 216, 9070 Destelbergen

productie van kaas en wrongel.

since 20032.131.564.211

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.
44333H0699/00W000	Flanders	3,012 m²	1 · 1,413 m²	-

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.

2023

20-03-2023

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · LE LARRY NV HAENHOUT- STRAAT 216, 9070 DESTELBERGEN · event 14-03-2023

06-03-2023