Active BE 0807.736.123Private limited company (pre-2019)Open bankruptcy

Panino Ruiselede

Kloosterstraat 131 ·8755 Wingene, Belgium· 17 yrs active

Sector: Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden (56112)

Conclusion Checked

A bankruptcy procedure is open for Panino Ruiselede according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €24k and a net result of €-475.

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

Key figures

Equity	€24k
Net result	€-475
Staff (FTE)	2.4
Better than sector	66%

Financial profile 5 of 5 axes measured · computed by Checked

29 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 9

Profitability 0

Solvency 80

Growth 58

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

9 / 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 30-09-2022 with the NBB · fiscal year 2021 · micro

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	39.9%	22.3%	better than 66% of 2241 sector peers
Net result	€-475	€3k	better than 39% of 2236 sector peers
Equity	€24k	€13k	better than 61% of 2248 sector peers
Gross operating margin	€35k	€30k	better than 54% of 2223 sector peers
Staff costs	€27k	€27k	higher than 50% of 1402 sector peers

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

EBITDA

€7k

+230.5% 18-21

Net profit

€-475

+95.1% 18-21

Cash flow

€3k

- 18-21

Total assets

€60k

+32.8% 18-21

Equity

€24k

+2.2% 18-21

Working capital

€15k

-4.9% 18-21

Employees (FTE)

2

+14.3% 18-21

Staff costs

€27k

- 18-21

Show 11 other metrics

Income taxes

€789

+315.6% 18-21

Debt

€36k

+65.7% 18-21

Debt ≤ 1y

€18k

-13.1% 18-21

Debt > 1y

€18k

+2150.0% 18-21

Current ratio

1.86

+4.1% 18-21

Quick ratio

1.02

-0.5% 18-21

Solvency

39.9%

-23.0% 18-21

Debt / equity

1.51

+4333.5% 18-21

ROE

-2.0%

+95.2% 18-21

ROA

-0.8%

+96.3% 18-21

Interest coverage

2.21

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	-
EBITDA	€7k
Net profit	€-475
Cash flow	€3k
Staff costs	€27k
Income taxes	€789
Dividends	-
Total assets	€60k
Equity	€24k
Debt	€36k
of which ≤ 1y	€18k
of which > 1y	€18k
Working capital	€15k
Employees (FTE)	2.4

Ratios (computed)

	2021
Current ratio	1.86
Quick ratio	1.02
Working capital ratio	25.9%
Solvency	39.9%
Debt / equity	1.51
Long-term debt ratio	0.75
Interest coverage	2.21
Gross margin	-
Net margin	-
ROA	-0.8%
ROE	-2.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €26k · 43.9% Current assets €34k · 56.1%

Equity & liabilities

Equity €24k · 39.9% Debt €36k · 60.1%

Full annual accounts (25 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	€60k
Fixed assets	21/28	€26k
Tangible fixed assets	22/27	€26k
Financial fixed assets	28	€425
Current assets	29/58	€34k
Stocks & contracts in progress	3	€15k
Amounts receivable within one year	40/41	€11k
Cash & bank	54/58	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€60k
Equity	10/15	€24k
Contributions / capital	10/11	€30k
Reserves	13	€3k
Accumulated profits (losses)	14	€-9k
Amounts payable	17/49	€36k
Amounts payable after one year	17	€18k
Amounts payable within one year	42/48	€18k
Trade debts payable within one year	44	€12k
Income statement
Gross operating margin	9900	€35k
Operating result	9901	€3k
Financial income	75	€115
Financial charges	65	€3k
Result before taxes	9903	€313
Income taxes	67/77	€789
Net result for the period	9904	€-475
Result to be appropriated	9905	€-475

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.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	ELISA DECOSTERE ROESELAARSESTRAAT 55A, 8850 ARDOOIE	30-06-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden(56112)
Legal form	Private limited company (pre-2019)(015)
Incorporation	13-11-2008
Status	Active
Postal code	8755
First BS signal	07-07-2023
Latest BS signal	07-07-2023

Establishment units 1 location

Buurtwinkel De Knok

Kloosterstraat 131, 8755 WingeneOverige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.

since 20082.174.322.306

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.
37012E0808/00P002	Flanders	365 m²	1 · 291 m²	9.7 m · 3 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.

2023

07-07-2023

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Brugge · PANINO RUISELEDE BV BRUG- GESTRAAT 131, 8755 RUISELEDE · event 30-06-2023

2022

30-09-2022