Active BE 0434.269.394Public limited companyOpen bankruptcy

PROMO-TEXTILE

En Hayeneux 176 ·4040 Herstal, Belgium· 38 yrs active

Sector: Detailhandel in huishoudtextiel en beddengoed (47512)

Conclusion Checked

A bankruptcy procedure is open for PROMO-TEXTILE according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €316k and a net result of €-111k.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€316k
Net result	€-111k
Staff (FTE)	3.8
Better than sector	90%

Financial profile 5 of 5 axes measured · computed by Checked

26 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 100

Growth 32

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 2023 · 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.

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 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 14-05-2024 with the NBB · fiscal year 2023 · volledig

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	69.1%	18.0%	better than 90% of 825 sector peers
Net result	€-111k	€11k	better than 11% of 821 sector peers
Equity	€316k	€80k	better than 74% of 826 sector peers
Gross operating margin	€70k	€162k	better than 34% of 745 sector peers
Staff costs	€154k	€187k	higher than 44% of 649 sector peers

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

EBITDA

€-94k

-221.0% 18-23

Net profit

€-111k

-148.2% 18-23

Cash flow

€-100k

-202.2% 18-23

Total assets

€456k

-11.0% 18-23

Equity

€316k

-26.0% 18-23

Working capital

€274k

-27.7% 18-23

Employees (FTE)

4

0.0% 18-23

Staff costs

€154k

+7.1% 18-23

Show 11 other metrics

Income taxes

€4k

-6.6% 18-23

Dividends

€17k

-60.0% 18-23

Debt

€141k

+62.9% 18-23

Debt ≤ 1y

€140k

+63.0% 18-23

Current ratio

2.95

-45.3% 18-23

Quick ratio

0.94

-55.3% 18-23

Solvency

69.1%

-16.8% 18-23

Debt / equity

0.45

+120.0% 18-23

ROE

-35.0%

-235.1% 18-23

ROA

-24.2%

-178.7% 18-23

Interest coverage

-16.91

-111.5% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	volledig
Revenue	-
EBITDA	€-94k
Net profit	€-111k
Cash flow	€-100k
Staff costs	€154k
Income taxes	-
Dividends	-
Total assets	€456k
Equity	€316k
Debt	€141k
of which ≤ 1y	€140k
of which > 1y	-
Working capital	€274k
Employees (FTE)	3.8

Ratios (computed)

	2023
Current ratio	2.95
Quick ratio	0.94
Working capital ratio	60.1%
Solvency	69.1%
Debt / equity	0.45
Long-term debt ratio	-
Interest coverage	-16.91
Gross margin	-
Net margin	-
ROA	-24.2%
ROE	-35.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €42k · 9.2% Current assets €414k · 90.8%

Equity & liabilities

Equity €316k · 69.1% Debt €141k · 30.9%

Full annual accounts (24 line items)

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

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€456k
Fixed assets	21/28	€42k
Tangible fixed assets	22/27	€42k
Financial fixed assets	28	€171
Current assets	29/58	€414k
Stocks & contracts in progress	3	€282k
Amounts receivable within one year	40/41	€1k
Investments	50/53	€120k
Cash & bank	54/58	€11k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€456k
Equity	10/15	€316k
Contributions / capital	10/11	€124k
Reserves	13	€45k
Accumulated profits (losses)	14	€146k
Amounts payable	17/49	€141k
Amounts payable within one year	42/48	€140k
Trade debts payable within one year	44	€97k
Income statement
Gross operating margin	9900	€70k
Operating result	9901	€-105k
Financial income	75	€214
Financial charges	65	€6k
Result before taxes	9903	€-111k
Net result for the period	9904	€-111k
Result to be appropriated	9905	€-111k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	CHARLOTTE MUSCH RUE DES ECOLIERS 3, 4020 LIEGE 2	21-10-2024 → present	Belgian State Gazette
Curator	FRANCOIS ANCION RUE DES ECOLIERS 3, 4020 LIEGE 2	21-10-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Detailhandel in huishoudtextiel en beddengoed(47512)
Legal form	Public limited company(014)
Incorporation	09-05-1988
Status	Active
Postal code	4040
First BS signal	28-10-2024
Latest BS signal	28-10-2024

Establishment units 1 location

En Hayeneux 176, 4040 Herstal

de kleinhandel in breigarens

since 19882.038.602.478

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.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62313E0087/00Z002	Wallonia	668 m²	1 · 984 m²	12.7 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.

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

28-10-2024

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Liège · PROMO-TEXTILE SA EN HAYE- NEUX 176, 4040 HERSTAL · event 21-10-2024

14-05-2024