Active BE 0468.784.271Public limited companyOpen bankruptcy

REIZEN SPILLEMAECKERS

Hoogstraat 3 ·2850 Boom, Belgium· 26 yrs active

Sector: Activiteiten van reisbureaus (79110)

Conclusion Checked

A bankruptcy procedure is open for REIZEN SPILLEMAECKERS according to publications in the Belgian State Gazette. The 2019 annual accounts show negative equity (€-1.01M) and a net result of €-2.16M.

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

Key figures

Equity	€-1.01M
Net result	€-2.16M
Staff (FTE)	18.4
Active	26 yrs

Financial profile 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 35

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 2019 · computed

0 / 100 Critical

050100

Computed from 4 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 2019 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 04-09-2020 with the NBB · fiscal year 2019 · verkort

Operating resultNet result

EBITDA

€-268k

- 18-19

Net profit

€-2.16M

-20.8% 18-19

Cash flow

€-2.13M

-22.4% 18-19

Total assets

€2.24M

-12.4% 18-19

Equity

€-1.01M

-58.7% 18-19

Working capital

€-1.40M

-33.7% 18-19

Employees (FTE)

18

-7.5% 18-19

Income taxes

€36k

+1369.5% 18-19

Show 9 other metrics

Debt

€3.25M

+1.8% 18-19

Debt ≤ 1y

€3.24M

+2.0% 18-19

Debt > 1y

€7k

-52.9% 18-19

Current ratio

0.57

-15.3% 18-19

Quick ratio

0.57

-15.3% 18-19

Solvency

-45.0%

-81.1% 18-19

Debt / equity

-0.01

+70.3% 18-19

ROE

215.0%

-23.9% 18-19

ROA

-96.7%

-37.8% 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	verkort
Revenue	-
EBITDA	€-268k
Net profit	€-2.16M
Cash flow	€-2.13M
Staff costs	-
Income taxes	€36k
Dividends	-
Total assets	€2.24M
Equity	€-1.01M
Debt	€3.25M
of which ≤ 1y	€3.24M
of which > 1y	€7k
Working capital	€-1.40M
Employees (FTE)	18.4

Ratios (computed)

	2019
Current ratio	0.57
Quick ratio	0.57
Working capital ratio	-62.6%
Solvency	-45.0%
Debt / equity	-0.01
Long-term debt ratio	-0.01
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-96.7%
ROE	215.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €402k · 18.0% Current assets €1.84M · 82.0%

Full annual accounts (25 line items)

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

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.24M
Fixed assets	21/28	€402k
Tangible fixed assets	22/27	€62k
Financial fixed assets	28	€340k
Current assets	29/58	€1.84M
Amounts receivable within one year	40/41	€456k
Investments	50/53	€110
Cash & bank	54/58	€53k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.24M
Equity	10/15	€-1.01M
Contributions / capital	10/11	€1.11M
Reserves	13	€47k
Accumulated profits (losses)	14	€-2.16M
Amounts payable	17/49	€3.25M
Amounts payable after one year	17	€7k
Amounts payable within one year	42/48	€3.24M
Trade debts payable within one year	44	€1.46M
Income statement
Gross operating margin	9900	€675k
Operating result	9901	€-304k
Financial income	75	€664
Financial charges	65	€34k
Result before taxes	9903	€-337k
Income taxes	67/77	€36k
Net result for the period	9904	€-372k
Result to be appropriated	9905	€-372k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	SVEN LEENDERS GROTE STEENWEG 154, 2600 BERCHEM (ANTWERPEN)	22-09-2020 → present	Belgian State Gazette
Curator	STEFAN SNEPVANGERS GROTE STEENWEG 154, 2600 BERCHEM (ANTWERPEN)	22-09-2020 → present	Belgian State Gazette

Legal Structure

NACE primary	Activiteiten van reisbureaus(79110)
Legal form	Public limited company(014)
Incorporation	24-12-1999
Status	Active
Postal code	2850
First BS signal	29-09-2020
Latest BS signal	29-09-2020

Establishment units 10 locations

REIZEN SPILLEMAECKERS

Leopoldstraat 6, 2570 Duffelher verschaffen van informatie en advies over reizen

since 20002.101.112.248

REIZEN SPILLEMAECKERS

Bazelstraat 67, 9150 Beveren-Kruibeke-Zwijndrechther verschaffen van informatie en advies over reizen

since 20002.101.112.149

REIZEN SPILLEMAECKERS

Bredabaan 295, 2170 Antwerpenher verschaffen van informatie en advies over reizen

since 20002.101.111.753

REIZEN SPILLEMAECKERS

Kioskplaats 77, 2660 Antwerpenher verschaffen van informatie en advies over reizen

since 20002.101.112.050

REIZEN SPILLEMAECKERS

Hoogstraat 3, 2850 Boomher verschaffen van informatie en advies over reizen

since 20002.101.111.258

REIZEN SPILLEMAECKERS

Bredabaan 298, 2930 Brasschaather verschaffen van informatie en advies over reizen

since 20002.101.111.654

Show 4 more locations

Reizen Spillemaeckers

Oude-Godstraat 71, 2650 Edegemher verschaffen van informatie en advies over reizen

since 20042.137.668.380

REIZEN SPILLEMAECKERS

Statielei 123, 2640 Mortselher verschaffen van informatie en advies over reizen

since 20052.144.473.624

Reizen Spillemaeckers

Vijfhoek 4, 2800 Mechelenher verschaffen van informatie en advies over reizen

since 20062.150.729.035

DELTA REIZEN

Mastplein 58, 2610 AntwerpenVerschaffen van informatie en advies over reizen

since 20082.173.983.596

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 10 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11462A0227/00H000	Flanders	1,395 m²	1 · 624 m²	-
11324D0668/00N000	Flanders	562 m²	1 · 183 m²	15.9 m · 4 fl.
46013C0353/00D003	Flanders	536 m²	1 · 401 m²	13.0 m · 3 fl.
11422C0436/00V000	Flanders	326 m²	1 · 153 m²	13.9 m · 4 fl.
11382C0078/00F000	Flanders	321 m²	1 · 174 m²	12.3 m · 2 fl.
11512B0078/00T004	Flanders	153 m²	1 · 137 m²	10.0 m · 3 fl.
11472B0006/00Y003	Flanders	139 m²	1 · 99 m²	11.1 m · 3 fl.
11005B0197/00B000	Flanders	128 m²	1 · 137 m²	13.2 m · 3 fl.
12009A0585/00C000	Flanders	78 m²	1 · 106 m²	10.3 m · 3 fl.
12025D0529/00B000	Flanders	60 m²	1 · 75 m²	14.1 m · 4 fl.

Methodology

via registered seat: 1 · via establishment units: 9

10 of 10 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.

2020

29-09-2020

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · REIZEN SPILLEMAECKERS NV HOOGSTRAAT 3, 2850 BOOM · event 22-09-2020

04-09-2020