Active BE 0842.757.972Private limited company (pre-2019)Open bankruptcy

LOFTWOOD

Nieuwewandeling 62 ·9000 Gent, Belgium· 14 yrs active

Sector: Specialised construction (43332)

Conclusion Checked

A bankruptcy procedure is open for LOFTWOOD according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €64k and a net result of €34k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€64k
Net result	€34k
Staff (FTE)	1.1
Better than sector	73%

Snowflake analysis 5 axes · computed by Checked

50 / 100

Mixed profile: strong on profitability, weaker on stability.

Health 18

Profitability 100

Solvency 54

Growth 78

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 2020 · computed

18 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview8 NBB filings

Annual accounts filed on 27-01-2021 with the NBB · fiscal year 2020 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 43 — Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	26.3%	15.2%	better than 73% of 50 sector peers
Net result	€5k	€8k	better than 40% of 50 sector peers
Equity	€64k	€123k	better than 37% of 50 sector peers
Gross operating margin	€75k	€312k	better than 24% of 50 sector peers
Employees (FTE)	1.1	5.7	better than 15% of 41 sector peers

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

EBITDA

€11k

+69.2% +79% vs sector

Net profit

€34k

+16.4% +857% vs sector

Cash flow

€34k

+7.2% +610% vs sector

Total assets

€245k

-28.0% +553% vs sector

Equity

€64k

+8.0% +460% vs sector

Working capital

€56k

-3.7% +25452% vs sector

Employees (FTE)

1

— +10% vs sector

Income taxes

€3k

+46.0% +142% vs sector

Debt

€180k

-35.7% +456% vs sector

Debt ≤ 1y

€180k

-35.0% +510% vs sector

Current ratio

1.31

+8.4% +30% vs sector

Quick ratio

1.29

+8.2% +53% vs sector

Solvency

26.3%

+50.0% +126% vs sector

ROE

52.3%

+7.8% +132% vs sector

ROA

13.8%

+61.8% +216% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Revenue	—
EBITDA	€11k
Net profit	€34k
Cash flow	€34k
Staff costs	—
Income taxes	€3k
Dividends	—
Total assets	€245k
Equity	€64k
Debt	€180k
of which ≤ 1y	€180k
of which > 1y	—
Working capital	€56k
Employees (FTE)	1.1

Ratios (computed)

	2020
Current ratio	1.31
Quick ratio	1.29
Working capital ratio	22.9%
Solvency	26.3%
Debt / equity	—
Long-term debt ratio	—
Interest coverage	—
Gross margin	—
Net margin	—
ROA	13.8%
ROE	52.3%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2020

Assets

Fixed assets €9k · 3.7% Current assets €236k · 96.3%

Equity & liabilities

Equity €64k · 26.4% Debt €180k · 73.7%

Full annual accounts

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

Line item	Code	2020
Balance sheet — Assets
TOTAL ASSETS	20/58	€245k
Fixed assets	21/28	€9k
Tangible fixed assets	22/27	€993
Financial fixed assets	28	€8k
Current assets	29/58	€236k
Stocks & contracts in progress	3	€4k
Amounts receivable within one year	40/41	€228k
Cash & bank	54/58	€222
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€245k
Equity	10/15	€64k
Contributions / capital	10/11	€12k
Reserves	13	€18k
Accumulated profits (losses)	14	€34k
Amounts payable	17/49	€180k
Amounts payable within one year	42/48	€180k
Trade debts payable within one year	44	€138k
Income statement
Gross operating margin	9900	€75k
Operating result	9901	€10k
Financial income	75	€3k
Financial charges	65	€6k
Result before taxes	9903	€7k
Income taxes	67/77	€3k
Net result for the period	9904	€5k
Result to be appropriated	9905	€5k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	GWENDOLYN VAN KERCKVOORDE NEERSTRAAT 70, 9921 VINDERHOUTE	05-10-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43332)
Legal form	Private limited company (pre-2019)(015)
Incorporation	13-01-2012
Status	Active
Postal code	9000
First BS signal	11-10-2021
Latest BS signal	11-10-2021

Company structure — linked entities1 linked entities

Mandates

Establishment units 1 location

Nieuwewandeling 62, 9000 Gent

Bouw van autowegen, straten en andere wegen en paden voor voertuigen en voetgangers (inclusief het plaatsen van vangrails)

since 20122.208.977.238

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.
44806F0399/00H000	Flanders	2,277 m²	1 · 281 m²	17.8 m · 5 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 9 events

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

2021

11-10-2021

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · LOFTWOOD BV NIEUWEWAN- DELING 62/9, 9000 GENT · event 05-10-2021

27-01-2021