Checked.be
Active
BE 0699.946.951Private limited companyOpen bankruptcy
NOVA ORGANIC ENERGY
Kragendijk 251 ·8300 Knokke-Heist, Belgium· 8 yrs active
Sector: Wholesale trade
(46110)
Conclusion
A bankruptcy procedure is open for NOVA ORGANIC ENERGY according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-161k) and a net result of €-150k.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €-161k |
| Net result | €-150k |
| Staff (FTE) | 1 |
| Better than sector | 8% |
Financial profile
40
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
44
Growth
58
Stability
0
Bankruptcy probability (12 mo)
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
50 / 100
High riskRegister: open bankruptcyThis 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
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.
Checked score
0
/ 100
Critical
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 overview
Annual accounts filed on 01-06-2022 with the NBB · fiscal year 2021 · micro schema
Sector comparison
Fiscal year 2021 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -137.2% | 26.3% | |
| Net result | €-150k | €4k | |
| Equity | €-161k | €22k | |
| Gross operating margin | €-98k | €18k | |
| Staff costs | €26k | €21k |
€-135k
-2.3%
19-21
€-150k
+56.6%
19-21
€-148k
+57.1%
19-21
€117k
-50.4%
19-21
€-161k
-165.8%
19-21
€-4k
-
19-21
1
-
19-21
€26k
-
19-21
€278k
-6.4%
19-21
€111k
+40.5%
19-21
€167k
-23.5%
19-21
0.97
-65.9%
19-21
0.49
-70.6%
19-21
-137.2%
-436.5%
19-21
-1.73
+52.0%
19-21
93.5%
-83.7%
19-21
-128.2%
+12.5%
19-21
-9.45
-
19-21
Figures by fiscal year and ratios
| Fiscal year | 2021 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | €-135k |
| Net profit | €-150k |
| Cash flow | €-148k |
| Staff costs | €26k |
| Income taxes | - |
| Dividends | - |
| Total assets | €117k |
| Equity | €-161k |
| Debt | €278k |
| of which ≤ 1y | €111k |
| of which > 1y | €167k |
| Working capital | €-4k |
| Employees (FTE) | 1.0 |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 0.97 |
| Quick ratio | 0.49 |
| Working capital ratio | -3.1% |
| Solvency | -137.2% |
| Debt / equity | -1.73 |
| Long-term debt ratio | -1.04 |
| Interest coverage | -9.45 |
| Gross margin | - |
| Net margin | - |
| ROA | -128.2% |
| ROE | 93.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Balance-sheet composition 2021
Full annual accounts (24 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 | €117k |
| Fixed assets | 21/28 | €9k |
| Intangible fixed assets | 21 | €4k |
| Tangible fixed assets | 22/27 | €3k |
| Financial fixed assets | 28 | €3k |
| Current assets | 29/58 | €108k |
| Stocks & contracts in progress | 3 | €53k |
| Amounts receivable within one year | 40/41 | €33k |
| Cash & bank | 54/58 | €21k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €117k |
| Equity | 10/15 | €-161k |
| Contributions / capital | 10/11 | €336k |
| Accumulated profits (losses) | 14 | €-497k |
| Amounts payable | 17/49 | €278k |
| Amounts payable after one year | 17 | €167k |
| Amounts payable within one year | 42/48 | €111k |
| Trade debts payable within one year | 44 | €20k |
| Income statement | ||
| Gross operating margin | 9900 | €-98k |
| Operating result | 9901 | €-137k |
| Financial income | 75 | €905 |
| Financial charges | 65 | €14k |
| Result before taxes | 9903 | €-150k |
| Net result for the period | 9904 | €-150k |
| Result to be appropriated | 9905 | €-150k |
Directors & mandates
| Role | Name | Tenure |
|---|---|---|
| Curator | YVES CASTERMANS HOUTKAAI 15/02, 8000 BRUGGE- |
31-05-2023 → present |
| Curator | MARC CASTERMANS HOUTKAAI 15/02, 8000 BRUGGE- marc.castermans@castermans-
advocaten.be |
31-05-2023 → present |
Legal Structure
| NACE primary | Wholesale trade(46110) |
| Legal form | Private limited company(610) |
| Incorporation | 16-07-2018 |
| Status | Active |
| Postal code | 8300 |
| First insolvency signal | 06-06-2023 |
| Latest insolvency signal | 06-06-2023 |
Establishment units
Nova Organic Energy
since 20182.277.772.509
NOVA ORGANIC ENERGY
since 20202.320.122.115
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0459/00M008 | Flanders | 5,020 m² | 1 · 3,804 m² | 11.0 m · 3 fl. |
| 31039A0142/00Y003 | Flanders | 460 m² | 1 · 187 m² | 9.1 m · 1 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2023
06-06-2023 Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Brugge · NOVA ORGANIC ENERGY BV KRAGENDIJK 251, 8300 KNOKKE-HEIST · event 31-05-2023
2022
01-06-2022 NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08-2021 NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
20-08-2020 NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Lifecycle & Insolvency Signals
06-06-2023
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Activities
Wholesale trade46110Agents in the wholesale of food, beverages and tobacco46170Wholesale of fruit and vegetables, excluding potatoes46319Retail sale of beverages, general range47252
Names & trade names
| Legal nameNL | NOVA ORGANIC ENERGY |
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