Active BE 0886.770.634Private limited company (pre-2019)Open bankruptcy

Otto sales

Léon Lepagestraat 63 ·1000 Brussel, Belgium· 19 yrs active

Sector: Groothandel in kleding, met uitzondering van werk- en onderkleding (46423)

Conclusion Checked

A bankruptcy procedure is open for Otto sales according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-228k) and a net result of €-248k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-228k
Net result	€-248k
Staff (FTE)	9.8
Active	19 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

18 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 35

Solvency 35

Growth 22

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 2020 · 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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 27-06-2024 with the NBB · fiscal year 2023 · verkort

RevenueOperating resultNet result

Revenue

€1.06M

-10.1% 19-20

EBITDA

€8k

- 19-20

Net profit

€-248k

-14.2% 19-20

Cash flow

€-223k

-11.6% 19-20

Total assets

€436k

+7.0% 19-20

Equity

€-228k

-15.6% 19-20

Working capital

€-275k

-4.2% 19-20

Employees (FTE)

10

+1.0% 19-20

Income taxes

€3

- 19-20

Debt

€664k

+9.8% 19-20

Debt ≤ 1y

€648k

+9.9% 19-20

Debt > 1y

€11k

0.0% 19-20

Current ratio

0.58

+4.2% 19-20

Quick ratio

0.22

+50.0% 19-20

Solvency

-52.4%

-8.1% 19-20

Debt / equity

-0.05

+13.5% 19-20

ROE

108.5%

-1.2% 19-20

ROA

-56.9%

-6.8% 19-20

Net margin

-23.3%

-27.0% 19-20

EBITDA margin

0.7%

- 19-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	verkort
Revenue	€1.06M
EBITDA	€8k
Net profit	€-248k
Cash flow	€-223k
Staff costs	-
Income taxes	€3
Dividends	-
Total assets	€436k
Equity	€-228k
Debt	€664k
of which ≤ 1y	€648k
of which > 1y	€11k
Working capital	€-275k
Employees (FTE)	9.8

Ratios (computed)

	2020
Current ratio	0.58
Quick ratio	0.22
Working capital ratio	-63.0%
Solvency	-52.4%
Debt / equity	-0.05
Long-term debt ratio	-0.05
Interest coverage	-
Gross margin	-
Net margin	-23.3%
ROA	-56.9%
ROE	108.5%
EBITDA margin	0.7%
Days sales outstanding	8d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €63k · 14.4% Current assets €373k · 85.6%

Full annual accounts

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

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€436k
Fixed assets	21/28	€63k
Tangible fixed assets	22/27	€63k
Current assets	29/58	€373k
Stocks & contracts in progress	3	€230k
Amounts receivable within one year	40/41	€24k
Cash & bank	54/58	€119k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€436k
Equity	10/15	€-228k
Contributions / capital	10/11	€19k
Reserves	13	€893
Accumulated profits (losses)	14	€-248k
Amounts payable	17/49	€664k
Amounts payable after one year	17	€11k
Amounts payable within one year	42/48	€648k
Trade debts payable within one year	44	€566k
Income statement
Turnover	70	€1.06M
Gross operating margin	9900	€301k
Operating result	9901	€-17k
Financial income	75	€221
Financial charges	65	€13k
Result before taxes	9903	€-31k
Income taxes	67/77	€3
Net result for the period	9904	€-31k
Result to be appropriated	9905	€-31k

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	BRANDAAN MOMBAERS LAKENSESTRAAT 154/11, 1000 BRUSSEL 1 ↔ Also on 161 other cases	20-08-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Groothandel in kleding, met uitzondering van werk- en onderkleding(46423)
Legal form	Private limited company (pre-2019)(015)
Incorporation	26-01-2007
Status	Active
Postal code	1000
First BS signal	28-08-2024
Latest BS signal	28-08-2024

Establishment units 5 locations

Just in Case Brussels Store

Léon Lepagestraat 63, 1000 BrusselDetailhandel in bovenkleding voor heren, dames en kinderen (algemeen assortiment)

since 20072.159.587.313

Just in Case Antwerp Store

Orgelstraat 4, 2000 AntwerpenDetailhandel in damesbovenkleding

since 20112.198.482.234

Garderobe National

Nationalestraat 72, 2000 AntwerpenDetailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)

since 20122.204.711.218

Just in Case Gent Store

Mageleinstraat 60, 9000 GentDetailhandel in kledingaccessoires

since 20172.268.806.046

Just in Case Nieuwpoort Store

Albert I laan 236, 8620 NieuwpoortGroothandel in kleding, met uitzondering van werk- en onderkleding

since 20192.289.718.256

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 4 (80%) Brussels 1 (20%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11804D0987/00K000	Flanders	234 m²	1 · 234 m²	19.9 m · 5 fl.
11803C1058/00A000	Flanders	171 m²	1 · 171 m²	18.7 m · 5 fl.
44803C1134/00A002	Flanders	142 m²	1 · 136 m²	14.2 m · 3 fl.
38402D0316/00C000	Flanders	107 m²	1 · 117 m²	21.1 m · 4 fl.
21811M0461/00N000	Brussels	33 m²	-	-

Methodology

via registered seat: 1 · via establishment units: 4

5 of 5 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

28-08-2024

Bankruptcy Opening

Ondernemingsrechtbank Brussel · OTTO SALES BV LEON LEPAGESTRAAT 63 63, 1000 BRUSSEL 1 · event 20-08-2024

27-06-2024