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Santé & Solidarité

Active
Non-profit association· 58 yrs active
Rue Laoureux 31 ·4800 Verviers, Belgium
Open bankruptcy
KBO/BCE: BE 0405.946.285
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age58 yrs
Staff (FTE)27.7

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for Santé & Solidarité according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €130k and a net result of €-314k.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

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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.

Insolvency timeline

1 events
29-05-2024
Bankruptcy Opening
Date: 23-05-2024 · Tribunal de l’entreprise de Liège, division Liège · SANTE & SOLIDARITE ASBL RUE LAOUREUX 31, 4800 VERVIERS · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Trust signals

1 signal
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No administrative flags

Financials

Turnover€4.24M+4.4%
EBIT margin-7.4%+2.3pp
Net result€-314k+19.9%
Working capital€96k-22.8%
Directors2

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 15-01-2024 with the NBB · fiscal year 2022 · verkort
€-2.00M€0€2.00M€4.00MRevenue 2018: €3.92M€3.92MOperating result 2018: €-336k€-336kNet result 2018: €95k€95kRevenue 2019: €4.17M€4.17MOperating result 2019: €-318k€-318kNet result 2019: €-245k€-245kRevenue 2020: €3.43M€3.43MOperating result 2020: €-341k€-341kNet result 2020: €-584k€-584kRevenue 2021: €4.06M€4.06MOperating result 2021: €-392k€-392kNet result 2021: €-393k€-393kRevenue 2022: €4.24M€4.24MOperating result 2022: €-313k€-313kNet result 2022: €-314k€-314k20182019202020212022
RevenueOperating resultNet result
Revenue
€4.24M
+4.4% 18-22
EBITDA
€-160k
+16.4% 18-22
Net profit
€-314k
+19.9% 18-22
Cash flow
€-162k
+16.0% 18-22
Total assets
€1.52M
-0.2% 18-22
Equity
€130k
-70.8% 18-22
Working capital
€96k
-22.8% 18-22
Employees (FTE)
28
-1.1% 18-22
Staff costs
€1.35M
+10.8% 18-22
Income taxes
€196
+6521.6% 18-22
Debt
€1.34M
+29.1% 18-22
Debt ≤ 1y
€1.16M
+17.5% 18-22
Debt > 1y
€5k
-90.7% 18-22
Current ratio
1.08
-3.8% 18-22
Quick ratio
1.01
-3.4% 18-22
Solvency
8.5%
-70.7% 18-22
Debt / equity
10.33
+341.4% 18-22
ROE
-241.9%
-173.7% 18-22
ROA
-20.6%
+19.8% 18-22
Net margin
-7.4%
+23.3% 18-22
EBITDA margin
-3.8%
+19.9% 18-22
Interest coverage
-610.11
+78.6% 18-22
Figures by fiscal year
Fiscal year2022
Revenue€4.24M
EBITDA€-160k
Net profit€-314k
Cash flow€-162k
Staff costs€1.35M
Income taxes€196
Dividends-
Total assets€1.52M
Equity€130k
Debt€1.34M
of which ≤ 1y€1.16M
of which > 1y-
Working capital€96k
Employees (FTE)27.7
Ratios (computed)
2022
Current ratio1.08
Quick ratio1.01
Working capital ratio6.3%
Solvency8.5%
Debt / equity10.33
Long-term debt ratio-
Interest coverage-610.11
Gross margin91.8%
Net margin-7.4%
ROA-20.6%
ROE-241.9%
EBITDA margin-3.8%
Days sales outstanding64d
Days payable outstanding549d
Inventory turnover4.42
Days inventory (DSI)83d
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€1.52M
Fixed assets 21/28€265k
Intangible fixed assets 21€13k
Tangible fixed assets 22/27€250k
Financial fixed assets 28€2k
Current assets 29/58€1.26M
Stocks & contracts in progress 3€79k
Amounts receivable within one year 40/41€747k
Cash & bank 54/58€371k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.52M
Equity 10/15€130k
Contributions / capital 10/11€1.42M
Accumulated profits (losses) 14€-1.29M
Provisions & deferred taxes 16€51k
Amounts payable 17/49€1.34M
Amounts payable within one year 42/48€1.16M
Trade debts payable within one year 44€526k
Income statement
Turnover 70€4.24M
Operating result 9901€-313k
Financial income 75€810
Financial charges 65€2k
Result before taxes 9903€-314k
Income taxes 67/77€196
Net result for the period 9904€-314k
Result to be appropriated 9905€-314k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2022 · computed
0 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Directors

Directors & mandates

No directors on record

No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.

Insolvency mandates

2 mandates
Role Name Tenure Source
Curator YUQIN CHEN
RUE DE LA LECHE 36 36, 4020 LIEGE 2-
23-05-2024 → present Belgian State Gazette
Curator MAXINE BAIVIER
BOULEVARD DE LA SAUVENIERE 117, 4000 LIEGE 1
23-05-2024 → present Belgian State Gazette

Legal Structure

NACE primary -
Legal form Non-profit association(017)
Incorporation01-01-1968
StatusActive
Postal code4800
First BS signal 29-05-2024
Latest BS signal 29-05-2024

Structure & network

Company structure: linked entities

2 linked entities
Santé & SolidaritéBE 0405.946.285YUQIN CHENReceiverMAXINE BAIVIERReceiver
Mandates

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register
13 companies at this address See who is registered here
Parcels1
Ground area273 m²

Real-estate footprint

Source: CBE × cadastre · address linking

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.
63079D0188/00Y003 Wallonia 273 m² - -
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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
29-05-2024
Bankruptcy Opening
Date: 23-05-2024 · Tribunal de l’entreprise de Liège, division Liège · SANTE & SOLIDARITE ASBL RUE LAOUREUX 31, 4800 VERVIERS · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-05-29 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

2 acts
All acts · 2 updated 3 years ago
2023
23-02-2023 Thierry Gilson appointed as chair Director changes
  • Thierry Gilson, Voorzitter
2022
04-10-2022 1 director appointed, 1 resigning Director changes
  • Martine Lewalle, Directeur
  • Patrick Marichal, Directeur

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency19Growth35Stability0
11 / 100

Fragile profile, watch health in particular.

Health 0
Profitability 0
Solvency 19
Growth 35
Stability 0

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameFR Santé & Solidarité
Registered office
Rue Laoureux 31
4800 Verviers, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.