Active BE 0702.898.622Private limited company (pre-2019)Open bankruptcy

ORBIZZ

· 7 yrs active

Sector: Office administrative and support services (82100)

Conclusion Checked

A bankruptcy procedure is open for ORBIZZ according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €14k and a net result of €11k.

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

Key figures

Equity	€14k
Net result	€11k
Staff (FTE)	0.3
Better than sector	26%

Financial profile 5 of 5 axes measured · computed by Checked

43 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 11

Profitability 100

Solvency 26

Growth 78

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.

Checked score FY 2022 · computed

11 / 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.

Indicative credit limit

No credit

open bankruptcy

Score history

30 2019

58 2020

25 2021

71 2022

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.16 (≥ 1.0) +5

Leverage Debt/equity 4.96 (> 3.0) -10

Profitability ROE 76% (≥ 10%) +10

Interest coverage Interest coverage 104.0× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Bankruptcy Open bankruptcy -60

Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 28-07-2023 with the NBB · fiscal year 2022 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 82, Office administrative, office support and other business support activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	16.8%	47.6%	better than 26% of 1787 sector peers
Net result	€11k	€14k	better than 46% of 1783 sector peers
Equity	€14k	€28k	better than 35% of 1789 sector peers
Gross operating margin	€34k	€30k	better than 54% of 1781 sector peers
Staff costs	€10k	€17k	higher than 43% of 300 sector peers

EBITDA

€15k

- 19-22

Net profit

€11k

- 19-22

Cash flow

€11k

- 19-22

Total assets

€83k

+267.7% 19-22

Equity

€14k

+318.9% 19-22

Working capital

€11k

- 19-22

Employees (FTE)

0

-81.3% 19-22

Staff costs

€10k

- 19-22

Income taxes

€5k

- 19-22

Debt

€69k

+258.9% 19-22

Debt ≤ 1y

€69k

+258.9% 19-22

Current ratio

1.16

+18.0% 19-22

Quick ratio

0.92

-6.5% 19-22

Solvency

16.8%

+13.9% 19-22

Debt / equity

4.96

-14.3% 19-22

ROE

76.1%

- 19-22

ROA

12.8%

- 19-22

Interest coverage

104.01

- 19-22

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2022	2021	2020	2019
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	€15k	-	-	-
Net profit	€11k	€-466	€-2k	€-5k
Cash flow	€11k	-	-	-
Staff costs	€10k	-	-	-
Income taxes	€5k	-	-	-
Dividends	-	-	-	-
Total assets	€83k	€23k	€20k	€34k
Equity	€14k	€3k	€4k	€2k
Debt	€69k	€19k	€16k	€32k
of which ≤ 1y	€69k	€19k	€16k	€32k
of which > 1y	-	-	-	-
Working capital	€11k	€-274	€192	€-2k
Employees (FTE)	0.3	-	-	1.6

Ratios (computed)

	2022	2021	2020	2019
Current ratio	1.16	0.99	1.01	0.94
Quick ratio	0.92	0.99	1.01	0.94
Working capital ratio	13.6%	-1.2%	1.0%	-6.1%
Solvency	16.8%	14.7%	18.9%	4.6%
Debt / equity	4.96	5.79	-	-
Long-term debt ratio	-	-	-	-
Interest coverage	104.01	-	-	-
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	12.8%	-2.1%	-12.0%	-13.8%
ROE	76.1%	-14.0%	-63.5%	-299.0%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2022

Assets

Fixed assets €3k · 3.2% Current assets €80k · 96.8%

Equity & liabilities

Equity €14k · 16.8% Debt €69k · 83.2%

Full annual accounts (24 line items)

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

Line item	Code	2022	2021	2020	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€83k	€23k	€20k	€34k
Fixed assets	21/28	€3k	€4k	€4k	€4k
Tangible fixed assets	22/27	€3k	-	-	-
Financial fixed assets	28	-	€4k	€4k	€4k
Current assets	29/58	€80k	€19k	€17k	€30k
Stocks & contracts in progress	3	€17k	-	-	-
Amounts receivable within one year	40/41	€29k	€19k	€17k	€8k
Cash & bank	54/58	€35k	-	-	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€83k	€23k	€20k	€34k
Equity	10/15	€14k	€3k	€4k	€2k
Contributions / capital	10/11	€6k	€6k	-	€6k
Reserves	13	€8k	-	-	-
Accumulated profits (losses)	14	-	€-3k	€-2k	€-5k
Amounts payable	17/49	€69k	€19k	€16k	€32k
Amounts payable within one year	42/48	€69k	€19k	€16k	€32k
Trade debts payable within one year	44	€61k	€6k	€6k	€9k
Income statement
Gross operating margin	9900	€34k	€-272	€8k	€37k
Operating result	9901	€15k	€-415	€3k	€-4k
Financial income	75	€562	-	-	€2
Financial charges	65	€147	€51	€335	€257
Result before taxes	9903	€15k	€-466	€2k	€-5k
Income taxes	67/77	€5k	-	-	-
Net result for the period	9904	€11k	€-466	€2k	€-5k
Result to be appropriated	9905	€11k	€-466	€2k	€-5k

Directors & mandates1 person

Role	Name	Tenure
Curator	JAN DE RIECK FONTEINSTRAAT 1A, 3000 LEUVEN-	18-01-2024 → present

Legal Structure

NACE primary	Office administrative and support services(82100)
Legal form	Private limited company (pre-2019)(015)
Incorporation	06-09-2018
Status	Active
Postal code	-
First insolvency signal	24-01-2024
Latest insolvency signal	24-01-2024

Establishment units 1 location

ORBIZZ

Retail trade

since 20182.281.241.941

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24060B0251/00W000	Flanders	1,332 m²	1 · 117 m²	-

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

All 6Signals 1Financial 1Filings 4

2024

24-01

Bankruptcy Opening

Ondernemingsrechtbank Leuven · ORBIZZ BV RHODESTRAAT 22, 3201 LANGDORP · event 18-01-2024

2023

28-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

22-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 326 days late

2022

31-12

Financial Back to profitnet €11k

Net result €11k after 3 loss-making years.

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

21-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 21 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Lifecycle & Insolvency Signals1 events

24-01-2024

Bankruptcy Opening

Date: 18-01-2024 · Ondernemingsrechtbank Leuven · ORBIZZ BV RHODESTRAAT 22, 3201 LANGDORP · 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

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 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 verdict per customer and amount

No credit: a bankruptcy procedure is open.

Company registry (CBE) Crossroads Bank

Activities

Office administrative and support services82100Office administrative, office support and other business support activities82110

Names & trade names

Legal nameNL

ORBIZZ

Similar companies Comparable size · 3,348 of 11,235 companies in this sector with filed accounts

JFP CONSULT BE 0664.467.420 · Anderlues

JV Next BE 1028.271.165 · Houthalen-Helchteren

Hippostratif BE 0740.710.806 · Braine-l'Alleud

MULTIVERSE SOLUTIONS BE 0745.459.945 · Geraardsbergen

MED SERVICE BE 0777.666.915 · Anderlecht