Active BE 0716.861.276Private limited company (pre-2019)Open bankruptcy

LUXE AUTO FRERES

· 7 yrs active

Sector: Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton) (47811)

Conclusion Checked

A bankruptcy procedure is open for LUXE AUTO FRERES according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-70k) and a net result of €-46k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-70k
Net result	€-46k
Better than sector	5%
Active	7 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

Growth 32

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 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

· 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 5 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 overview3 NBB filings

Annual accounts filed on 28-09-2022 with the NBB · fiscal year 2021 · volledig

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 47, Retail trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-346.7%	25.2%	better than 5% of 578 sector peers
Net result	€-46k	€17k	better than 14% of 578 sector peers
Equity	€-70k	€133k	better than 9% of 580 sector peers
Gross operating margin	€-11k	€137k	better than 6% of 490 sector peers
Staff costs	€33k	€151k	higher than 18% of 391 sector peers

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

EBITDA

€-46k

-57.1% 19-21

Net profit

€-46k

-9.9% 19-21

Cash flow

€-46k

-9.8% 19-21

Total assets

€20k

-43.4% 19-21

Equity

€-70k

-185.3% 19-21

Working capital

€-55k

-160.2% 19-21

Staff costs

€33k

- 19-21

Debt

€90k

+49.8% 19-21

Debt ≤ 1y

€73k

+32.6% 19-21

Current ratio

0.25

-59.7% 19-21

Quick ratio

0.13

-77.4% 19-21

Solvency

-346.7%

-403.9% 19-21

Debt / equity

-1.29

- 19-21

ROE

66.2%

-61.5% 19-21

ROA

-229.6%

-94.1% 19-21

Interest coverage

-324.78

- 19-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	volledig
Revenue	-
EBITDA	€-46k
Net profit	€-46k
Cash flow	€-46k
Staff costs	€33k
Income taxes	-
Dividends	-
Total assets	€20k
Equity	€-70k
Debt	€90k
of which ≤ 1y	€73k
of which > 1y	-
Working capital	€-55k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	0.25
Quick ratio	0.13
Working capital ratio	-271.8%
Solvency	-346.7%
Debt / equity	-1.29
Long-term debt ratio	-
Interest coverage	-324.78
Gross margin	-
Net margin	-
ROA	-229.6%
ROE	66.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €2k · 9.9% Current assets €18k · 90.1%

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	€20k
Fixed assets	21/28	€2k
Tangible fixed assets	22/27	€2k
Current assets	29/58	€18k
Stocks & contracts in progress	3	€9k
Amounts receivable within one year	40/41	€6k
Cash & bank	54/58	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€20k
Equity	10/15	€-70k
Contributions / capital	10/11	€19k
Accumulated profits (losses)	14	€-89k
Amounts payable	17/49	€90k
Amounts payable within one year	42/48	€73k
Trade debts payable within one year	44	€43k
Income statement
Gross operating margin	9900	€-11k
Operating result	9901	€-46k
Financial charges	65	€141
Result before taxes	9903	€-46k
Net result for the period	9904	€-46k
Result to be appropriated	9905	€-46k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 2 directors

Current directors & mandates

Tshabantu Mukerıdi Andy André
Director
State Gazette act 23160771 (15-12-2023)

Current
01-08-2023 → present

Former directors (1)

Abid, Zakaria
Director
State Gazette act 23160771 (15-12-2023)

Former
- → 31-07-2023

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.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	Johan MOMMAERTS SINT-MAARTENSTRAAT 53, 3000 LEUVEN ↔ Also on 166 other cases	12-03-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)(47811)
Legal form	Private limited company (pre-2019)(015)
Incorporation	26-12-2018
Status	Active
Postal code	-
First BS signal	18-03-2024
Latest BS signal	18-03-2024

Establishment units 1 location

Establishment

Groothandel in auto's en lichte bestelwagens (= 3,5 ton)

since 20182.283.341.101

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.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21809K0170/02B005	Brussels	336 m²	1 · 340 m²	21.1 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 7 events

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

2024

18-03-2024

Bankruptcy Opening

Ondernemingsrechtbank Brussel · LUXE AUTO FRERES BV STALINGRADLAAN 52, 1000 BRUSSEL 1 · event 12-03-2024

2023

15-12-2023

State Gazette act Capital & shares

09-08-2023

State Gazette act Capital & shares

2022

28-09-2022

NBB filing Annual accounts filed

fiscal year 2021 · volledig

24-05-2022

State Gazette act Capital & shares

2021

29-10-2021

NBB filing Annual accounts filed

fiscal year 2020 · volledig

2020

24-09-2020

NBB filing Annual accounts filed

fiscal year 2019 · volledig

Lifecycle & Insolvency Signals 1 events

18-03-2024

Bankruptcy Opening

Date: 12-03-2024 · Ondernemingsrechtbank Brussel · LUXE AUTO FRERES BV STALINGRADLAAN 52, 1000 BRUSSEL 1 · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad, acts 3 acts

Capital history · 3

15-12-2023

Capital change

09-08-2023

Capital change

24-05-2022

Capital change

All acts · 3 updated 2 years ago

2023

15-12-2023 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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09-08-2023 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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2022

24-05-2022 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)45113Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811Groothandel in auto's en lichte bestelwagens (= 3,5 ton)45111Handelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)45112Detailhandel in andere motorvoertuigen (> 3,5 ton)45193Handel in aanhangwagens, opleggers en caravans45194Wassen en poetsen van motorvoertuigen45206Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen45310Handelsbemiddeling in de groothandel in andere specifieke goederen46180Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)46711Groothandel in aanhangwagens, opleggers en caravans46713Groothandel in delen en toebehoren van motorvoertuigen46720Detailhandel in andere motorvoertuigen (> 3,5 ton)47812Wassen en poetsen van motorvoertuigen95316

Primary activity highlighted.

Names & trade names

Legal nameNL

LUXE AUTO FRERES

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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