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NH-Connect

Active
Private limited company (pre-2019)·Installatie van industriële machines, toestellen en werktuigen· 10 yrs active
Hendrik Consciencestraat 21 ·9160 Lokeren, Belgium
Open bankruptcy
KBO/BCE: BE 0641.881.761
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Age10 yrs

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for NH-Connect according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €161k and a net result of €69k.

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

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 events
01-07-2024
Bankruptcy Opening
Date: 24-06-2024 · Ondernemingsrechtbank Gent, afdeling Dendermonde · NH-CONNECT BV HENDRIK CONSCIENCESTRAAT 21, 9160 LOKEREN · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 30-05-2023, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2022, that is 30-04-2023.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-09-2025 30-04-2026 nothing on record not filed -
30-09-2024 30-04-2025 nothing on record not filed -
30-09-2023 30-04-2024 nothing on record not filed -
30-09-2022 30-04-2023 30-05-2023 30 d late 2023-00098139
30-09-2021 30-04-2022 30-05-2022 30 d late 2022-20036726
30-09-2019 30-04-2020 26-05-2020 26 d late 2020-13300136

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

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

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€69k
Working capital€154k+84.6%
Directors2

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 30-05-2023 with the NBB · fiscal year 2022 · micro
€-25k€0€25k€50k€75k€100kOperating result 2019: €74k€74kNet result 2019: €54k€54kOperating result 2021: €-7k€-7kNet result 2021: €-3k€-3kOperating result 2022: €88k€88kNet result 2022: €69k€69k201920212022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 33 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 82.6% 38.8%
better than 95% of 347 sector peers
Net result €69k €16k
better than 92% of 346 sector peers
Equity €161k €29k
better than 95% of 347 sector peers
Gross operating margin €105k €33k
better than 86% of 346 sector peers
Staff costs €14k €15k
higher than 49% of 114 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€90k
- 19-22
Net profit
€69k
- 19-22
Cash flow
€71k
- 19-22
Total assets
€195k
+103.0% 19-22
Equity
€161k
+74.1% 19-22
Working capital
€154k
+84.6% 19-22
Staff costs
€14k
-42.4% 19-22
Income taxes
€25k
+10.5% 19-22
Show 9 other metrics
Debt
€34k
+847.6% 19-22
Debt ≤ 1y
€34k
+847.6% 19-22
Current ratio
5.53
-77.2% 19-22
Quick ratio
5.53
-77.2% 19-22
Solvency
82.6%
-14.2% 19-22
Debt / equity
0.21
+444.2% 19-22
ROE
42.6%
- 19-22
ROA
35.2%
- 19-22
Interest coverage
1174.91
- 19-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA€90k
Net profit€69k
Cash flow€71k
Staff costs€14k
Income taxes€25k
Dividends-
Total assets€195k
Equity€161k
Debt€34k
of which ≤ 1y€34k
of which > 1y-
Working capital€154k
Employees (FTE)-
Ratios (computed)
2022
Current ratio5.53
Quick ratio5.53
Working capital ratio78.9%
Solvency82.6%
Debt / equity0.21
Long-term debt ratio-
Interest coverage1174.91
Gross margin-
Net margin-
ROA35.2%
ROE42.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€195k
Fixed assets 21/28€7k
Tangible fixed assets 22/27€6k
Financial fixed assets 28€2k
Current assets 29/58€188k
Amounts receivable within one year 40/41€187k
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€195k
Equity 10/15€161k
Contributions / capital 10/11€13k
Reserves 13€2k
Accumulated profits (losses) 14€146k
Amounts payable 17/49€34k
Amounts payable within one year 42/48€34k
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€105k
Operating result 9901€88k
Financial income 75€6k
Financial charges 65€76
Result before taxes 9903€93k
Income taxes 67/77€25k
Net result for the period 9904€69k
Result to be appropriated 9905€69k
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2022 · computed
24 / 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 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

2 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

2 mandates
Role Name Tenure Source
Curator ANNE-MARIE LAUREYS
ROOMSTRAAT 40, 9160 LOKEREN
24-06-2024 → present Belgian State Gazette
Curator MARIE-LAURE DE SMEDT
ROOMSTRAAT 40, 9160 LOKEREN-
24-06-2024 → present Belgian State Gazette

Legal Structure

NACE primary Installatie van industriële machines, toestellen en werktuigen(33200)
Legal form Private limited company (pre-2019)(015)
Incorporation26-10-2015
StatusActive
Postal code9160
First BS signal 01-07-2024
Latest BS signal 01-07-2024

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

2 court or liquidation mandates are on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Hendrik Consciencestraat 219160 Lokeren

Establishment units

1 location
NH-Connect
Hendrik Consciencestraat 21, 9160 LokerenInstallatie van hulpvoedingssystemen (generatoraggregaten)
since 20152.247.269.769
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area211 m²
Buildings1
Building footprint88 m²
Volume (LiDAR)522 m³
Tallest building7.5 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.
46014A0410/00F002 Flanders 211 m² 1 · 88 m² 7.5 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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
01-07-2024
Bankruptcy Opening
Date: 24-06-2024 · Ondernemingsrechtbank Gent, afdeling Dendermonde · NH-CONNECT BV HENDRIK CONSCIENCESTRAAT 21, 9160 LOKEREN · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-07-01 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured
Health24Profitability100Solvency100Growth78Stability0
60 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 24
Profitability 100
Solvency 100
Growth 78
Stability 0

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Installatie van industriële machines, toestellen en werktuigen33200
Primary activity highlighted.
Names & trade names
Legal nameNL NH-Connect
Registered office
Hendrik Consciencestraat 21
9160 Lokeren, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.