Active BE 0835.513.458Private limited company (pre-2019)Open bankruptcy

Marcel De Boulle

Paddekuil 51 ·2490 Balen, Belgium· 15 yrs active

Sector: Activiteiten van hoofdkantoren (70100)

Conclusion Checked

A bankruptcy procedure is open for Marcel De Boulle according to publications in the Belgian State Gazette. The 2019 annual accounts show negative equity (€-116k) and a net result of €-135k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€-116k
Net result	€-135k
Active	15 yrs
Locations	1

Snowflake analysis 4 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 0

Profitability 100

Solvency 33

Growth -

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 2019 · computed

0 / 100 Critical

050100

Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2019 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview8 NBB filings

Annual accounts filed on 11-12-2019 with the NBB · fiscal year 2019 · micro

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€-135k
Cash flow	-
Staff costs	-
Income taxes	€974
Dividends	-
Total assets	€235k
Equity	€-116k
Debt	€351k
of which ≤ 1y	€313k
of which > 1y	€38k
Working capital	€-290k
Employees (FTE)	-

Ratios (computed)

	2019
Current ratio	0.07
Quick ratio	0.07
Working capital ratio	-123.5%
Solvency	-49.3%
Debt / equity	-0.33
Long-term debt ratio	-0.33
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-57.2%
ROE	116.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €212k · 90.4% Current assets €23k · 9.6%

Full annual accounts

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

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€235k
Fixed assets	21/28	€212k
Tangible fixed assets	22/27	€212k
Current assets	29/58	€23k
Amounts receivable within one year	40/41	€12k
Cash & bank	54/58	€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€235k
Equity	10/15	€-116k
Contributions / capital	10/11	€19k
Reserves	13	€19
Accumulated profits (losses)	14	€-135k
Amounts payable	17/49	€351k
Amounts payable after one year	17	€38k
Amounts payable within one year	42/48	€313k
Trade debts payable within one year	44	€3k
Income statement
Gross operating margin	9900	€-404
Operating result	9901	€-19k
Financial charges	65	€36k
Result before taxes	9903	€-55k
Income taxes	67/77	€974
Net result for the period	9904	€-56k
Result to be appropriated	9905	€-56k

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	GERT HERMANS JAKOB SMITSLAAN 52, 2400 MOL- ↔ Also on 9 other cases	04-02-2020 → present	Belgian State Gazette

Legal Structure

NACE primary	Activiteiten van hoofdkantoren(70100)
Legal form	Private limited company (pre-2019)(015)
Incorporation	14-04-2011
Status	Active
Postal code	2490
First BS signal	11-02-2020
Latest BS signal	11-02-2020

Establishment units 1 location

Marcel De Boulle

Paddekuil 51, 2490 BalenGroothandel in papier- en kartonwaren

since 20112.202.266.620

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.
13003E1750/00X000	Flanders	823 m²	1 · 153 m²	6.0 m · 2 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.

2020

11-02-2020

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · MARCEL DE BOULLE BVBA PADDEKUIL 51, 2490 BALEN · event 04-02-2020

2019

11-12-2019