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Active
BE 0422.067.982Public limited companyOpen bankruptcy
ROAD SIGNS PROJECTS
Industrielaan(Heu) 15 ·8501 Kortrijk, Belgium· 44 yrs active
Sector: Vervaardiging van locomotieven en ander rollend materieel voor spoorwegen
(30200)
Conclusion
A bankruptcy procedure is open for ROAD SIGNS PROJECTS according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-143k) and a net result of €-299k.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €-143k |
| Net result | €-299k |
| Staff (FTE) | 2.5 |
| Active | 44 yrs |
Snowflake analysis
34
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
38
Growth
32
Stability
0
Bankruptcy probability (12 mo)
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
50 / 100
High riskRegister: open bankruptcyThis 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
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
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
0
/ 100
Critical
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.
See plans →Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-11-2023 with the NBB · fiscal year 2022 · verkort
€-271k
-
18-22
€-299k
-
18-22
€-288k
-
18-22
€460k
+47.3%
18-22
€-143k
-
18-22
€-177k
-
18-22
3
+25.0%
18-22
€66k
+32.4%
18-22
€603k
+285.5%
18-22
€600k
+283.4%
18-22
0.71
-58.5%
18-22
0.53
-68.7%
18-22
-31.2%
-
18-22
-4.21
-
18-22
208.5%
+1611.6%
18-22
-65.0%
-
18-22
-10.72
-
18-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-271k |
| Net profit | €-299k |
| Cash flow | €-288k |
| Staff costs | €66k |
| Income taxes | - |
| Dividends | - |
| Total assets | €460k |
| Equity | €-143k |
| Debt | €603k |
| of which ≤ 1y | €600k |
| of which > 1y | - |
| Working capital | €-177k |
| Employees (FTE) | 2.5 |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 0.71 |
| Quick ratio | 0.53 |
| Working capital ratio | -38.5% |
| Solvency | -31.2% |
| Debt / equity | -4.21 |
| Long-term debt ratio | - |
| Interest coverage | -10.72 |
| Gross margin | - |
| Net margin | - |
| ROA | -65.0% |
| ROE | 208.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €460k |
| Fixed assets | 21/28 | €37k |
| Intangible fixed assets | 21 | €1k |
| Tangible fixed assets | 22/27 | €35k |
| Financial fixed assets | 28 | €955 |
| Current assets | 29/58 | €423k |
| Stocks & contracts in progress | 3 | €104k |
| Amounts receivable within one year | 40/41 | €316k |
| Cash & bank | 54/58 | €3k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €460k |
| Equity | 10/15 | €-143k |
| Contributions / capital | 10/11 | €223k |
| Reserves | 13 | €56k |
| Accumulated profits (losses) | 14 | €-423k |
| Amounts payable | 17/49 | €603k |
| Amounts payable within one year | 42/48 | €600k |
| Trade debts payable within one year | 44 | €402k |
| Income statement | ||
| Gross operating margin | 9900 | €102k |
| Operating result | 9901 | €-282k |
| Financial income | 75 | €8k |
| Financial charges | 65 | €25k |
| Result before taxes | 9903 | €-299k |
| Net result for the period | 9904 | €-299k |
| Result to be appropriated | 9905 | €-299k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | FRANK HEFFINCK MEENSESTEENWEG 347,
8501 BISSEGEM |
30-01-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Vervaardiging van locomotieven en ander rollend materieel voor spoorwegen(30200) |
| Legal form | Public limited company(014) |
| Incorporation | 07-11-1981 |
| Status | Active |
| Postal code | 8501 |
| First BS signal | 05-02-2024 |
| Latest BS signal | 05-02-2024 |
Establishment units
Road Signs Projects
since 19872.033.604.208
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
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. |
|---|---|---|---|---|
| 34016B0514/00K000 | Flanders | 1,979 m² | 1 · 3,134 m² | 7.6 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
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2024
05-02-2024
Bankruptcy
Opening
2023
17-11-2023
NBB filing
Annual accounts filed
2022
31-08-2022
NBB filing
Annual accounts filed
2021
06-09-2021
NBB filing
Annual accounts filed
2020
14-10-2020
NBB filing
Annual accounts filed
2019
15-10-2019
NBB filing
Annual accounts filed
2018
27-09-2018
NBB filing
Annual accounts filed
2017
13-06-2017
NBB filing
Annual accounts filed
2016
29-09-2016
NBB filing
Annual accounts filed
2015
31-07-2015
NBB filing
Annual accounts filed
2014
22-08-2014
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
05-02-2024
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE)
Activities
Vervaardiging van overige artikelen van metaal, n.e.g.28755Vervaardiging van rollend materieel voor spoorwegen30200Vervaardiging van locomotieven en ander rollend materieel voor spoorwegen30200Vervaardiging van overige artikelen van metaal, n.e.g.25999Vervaardiging van overige producten van metaal, neg25999Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw77320Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw77320
Primary activity highlighted.
Names & trade names
| Legal nameNL | ROAD SIGNS PROJECTS |
Registered office
Industrielaan(Heu) 15
8501 Kortrijk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.