Active BE 0405.705.765Public limited companyOpen bankruptcy

Schauwvlieghe

Gordunakaai 70 ·9000 Gent, Belgium· 73 yrs active

Sector: Groothandel in bouwmaterialen, algemeen assortiment (46831)

Conclusion Checked

A bankruptcy procedure is open for Schauwvlieghe according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €90k and a net result of €-57k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€90k
Net result	€-57k
Staff (FTE)	2.5
Better than sector	24%

Financial profile 5 of 5 axes measured · computed by Checked

14 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 19

Growth 52

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

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 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 13-10-2022 with the NBB · fiscal year 2021 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	8.3%	29.5%	better than 24% of 626 sector peers
Net result	€-57k	€38k	better than 10% of 626 sector peers
Equity	€90k	€230k	better than 35% of 627 sector peers
Gross operating margin	€60k	€217k	better than 30% of 625 sector peers
Staff costs	€100k	€149k	higher than 38% of 354 sector peers

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

EBITDA

€-43k

- 18-21

Net profit

€-57k

- 18-21

Cash flow

€-50k

- 18-21

Total assets

€1.08M

-7.2% 18-21

Equity

€90k

-39.0% 18-21

Working capital

€81k

-42.3% 18-21

Employees (FTE)

3

+38.9% 18-21

Staff costs

€100k

- 18-21

Show 11 other metrics

Income taxes

€576

-86.0% 18-21

Debt

€987k

-2.6% 18-21

Debt ≤ 1y

€987k

-2.2% 18-21

Debt > 1y

€4k

-85.5% 18-21

Current ratio

1.08

-5.0% 18-21

Quick ratio

0.51

-18.9% 18-21

Solvency

8.3%

-34.3% 18-21

Debt / equity

11.00

+45270.1% 18-21

ROE

-64.0%

- 18-21

ROA

-5.3%

- 18-21

Interest coverage

-6.40

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	-
EBITDA	€-43k
Net profit	€-57k
Cash flow	€-50k
Staff costs	€100k
Income taxes	€576
Dividends	-
Total assets	€1.08M
Equity	€90k
Debt	€987k
of which ≤ 1y	€987k
of which > 1y	-
Working capital	€81k
Employees (FTE)	2.5

Ratios (computed)

	2021
Current ratio	1.08
Quick ratio	0.51
Working capital ratio	7.6%
Solvency	8.3%
Debt / equity	11.00
Long-term debt ratio	-
Interest coverage	-6.40
Gross margin	-
Net margin	-
ROA	-5.3%
ROE	-64.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €8k · 0.8% Current assets €1.07M · 99.2%

Equity & liabilities

Equity €90k · 8.3% Debt €987k · 91.7%

Full annual accounts (22 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	€1.08M
Fixed assets	21/28	€8k
Tangible fixed assets	22/27	€8k
Current assets	29/58	€1.07M
Stocks & contracts in progress	3	€566k
Amounts receivable within one year	40/41	€414k
Cash & bank	54/58	€35k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.08M
Equity	10/15	€90k
Contributions / capital	10/11	€74k
Reserves	13	€62k
Accumulated profits (losses)	14	€-47k
Amounts payable	17/49	€987k
Amounts payable within one year	42/48	€987k
Trade debts payable within one year	44	€849k
Income statement
Gross operating margin	9900	€60k
Operating result	9901	€-50k
Financial charges	65	€7k
Result before taxes	9903	€-57k
Income taxes	67/77	€576
Net result for the period	9904	€-57k
Result to be appropriated	9905	€-57k

This table shows the latest fiscal year. 3 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	LINSE DE LEEUW BRUSSELSESTEENWEG 691, 9050 GENTBRUGGE	11-07-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Groothandel in bouwmaterialen, algemeen assortiment(46831)
Legal form	Public limited company(014)
Incorporation	19-02-1953
Status	Active
Postal code	9000
First BS signal	19-07-2023
Latest BS signal	19-07-2023

Establishment units 1 location

Gordunakaai 71, 9000 Gent

de groothandel in schrijn- en timmerwerk van hout voor de bouwnijverheid

since 19532.007.114.793

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 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44809I0029/00A002	Flanders	949 m²	1 · 191 m²	12.2 m · 3 fl.
44809I0062/00T000	Flanders	495 m²	1 · 107 m²	11.8 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 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

19-07-2023

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · SCHAUWVLIEGHE NV GORDUNAKAAI 70, 9000 GENT · event 11-07-2023

2022

13-10-2022