Active BE 0890.882.048Private limited company (pre-2019)Open bankruptcy

NANCY'S WORK WEAR

Molenstraat 16 ·9255 Buggenhout, Belgium· 19 yrs active

Sector: Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment) (47716)

Conclusion Checked

A bankruptcy procedure is open for NANCY'S WORK WEAR according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €272k and a net result of €-13k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€272k
Net result	€-13k
Better than sector	93%
Active	19 yrs

Financial profile 5 of 5 axes measured · computed by Checked

26 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 100

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 Flags0 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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 29-08-2022 with the NBB · fiscal year 2021 · micro

Operating resultNet result

Sector comparison

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

Metric	This company	Sector median	Position in the sector
Solvency	85.6%	22.6%	better than 93% of 2693 sector peers
Net result	€-13k	€3k	better than 15% of 2684 sector peers
Equity	€272k	€17k	better than 95% of 2697 sector peers
Gross operating margin	€-12k	€21k	better than 8% of 2670 sector peers
Total assets	€317k	€93k	better than 84% of 2694 sector peers

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

EBITDA

€-12k

+91.9% 18-21

Net profit

€-13k

- 18-21

Cash flow

€-13k

- 18-21

Total assets

€317k

-2.8% 18-21

Equity

€272k

-4.7% 18-21

Working capital

€270k

-4.5% 18-21

Income taxes

€0

-100.0% 18-21

Debt

€46k

+10.3% 18-21

Show 8 other metrics

Debt ≤ 1y

€46k

+10.3% 18-21

Current ratio

6.89

-11.7% 18-21

Quick ratio

6.89

-11.7% 18-21

Solvency

85.6%

-2.0% 18-21

Debt / equity

0.17

- 18-21

ROE

-5.0%

- 18-21

ROA

-4.2%

- 18-21

Interest coverage

-17.18

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	-
EBITDA	€-12k
Net profit	€-13k
Cash flow	€-13k
Staff costs	-
Income taxes	€0
Dividends	-
Total assets	€317k
Equity	€272k
Debt	€46k
of which ≤ 1y	€46k
of which > 1y	-
Working capital	€270k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	6.89
Quick ratio	6.89
Working capital ratio	85.0%
Solvency	85.6%
Debt / equity	0.17
Long-term debt ratio	-
Interest coverage	-17.18
Gross margin	-
Net margin	-
ROA	-4.2%
ROE	-5.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €2k · 0.6% Current assets €315k · 99.4%

Equity & liabilities

Equity €272k · 85.6% Debt €46k · 14.4%

Full annual accounts (23 line items)

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€317k
Fixed assets	21/28	€2k
Tangible fixed assets	22/27	€2k
Current assets	29/58	€315k
Amounts receivable within one year	40/41	€222k
Investments	50/53	€429
Cash & bank	54/58	€93k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€317k
Equity	10/15	€272k
Contributions / capital	10/11	€19k
Reserves	13	€261k
Accumulated profits (losses)	14	€-8k
Amounts payable	17/49	€46k
Amounts payable within one year	42/48	€46k
Trade debts payable within one year	44	€19k
Income statement
Gross operating margin	9900	€-12k
Operating result	9901	€-13k
Financial income	75	€0
Financial charges	65	€701
Result before taxes	9903	€-13k
Income taxes	67/77	€0
Net result for the period	9904	€-13k
Result to be appropriated	9905	€-13k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	FREDERIC LELEUX KAPELLESTRAAT 33, 9220 HAMME (O.-VL.)	28-08-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)(47716)
Legal form	Private limited company (pre-2019)(015)
Incorporation	17-07-2007
Status	Active
Postal code	9255
First BS signal	04-09-2024
Latest BS signal	04-09-2024

Establishment units 1 location

Nancy's Work Wear

Molenstraat 16, 9255 BuggenhoutHandelsbemiddeling in de groothandel in andere specifieke goederen

since 20082.171.121.702

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.
42004E0231/00G000	Flanders	589 m²	1 · 116 m²	4.9 m · 1 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 11 events

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

2024

04-09-2024

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Dendermonde · NANCY’S WORK WEAR BV MOLENSTRAAT 16, 9255 BUGGENHOUT · event 28-08-2024

2022

29-08-2022