Schilderwerken Bo

Active

Private limited company (pre-2019)founded 200817 yrs activeRechtstraat 67, 9042 Gent, BelgiumKBO/BCE: BE 0807.260.724

The computed 12-month bankruptcy probability of Schilderwerken Bo is 1.7% (moderate). The latest annual accounts of Schilderwerken Bo were filed more than 90 days after the deadline. The 2018 annual accounts show equity of €191k and a net result of €21k. The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

No current score

Figures too old

The available figures for FY 2018 are too old to assess current financial health.

Filing: Filed more than 90 days late

Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.

Axes, FY 2018

Profitability48

Solvency62

Growth-

Track record85

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2018

Solvency, return and age of the figures

Solvency

36.8%

Return on assets

4.1%

Age of the figures

93 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

No filing for years

The last filed financial year closed on 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 9 filings

Position against the passed deadline

31-12-2019 close31-07-2020 deadline19-09-2026 today

Filed more than 90 days late

The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 24-08-2020, 390 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2018, micro schema

Equity

€191k

Total assets

€519k

Net result

€21k

Working capital

€29k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €519k

61.9%

38.1%

Fixed assets €321k

Current assets €198k

Equity and liabilities €519k

36.8%

63.2%

Equity €191k

Debt €328k

Debt finances 63.2% of the balance-sheet total.

Key figures and ratios

2018 value

EBITDA

€54k

Cash flow

€34k

Solvency

36.8%

Current ratio

1.17

Quick ratio

1.17

Debt / equity

0.83

ROE

11.1%

ROA

4.1%

Debt

€328k

Debt ≤ 1 year

€169k

Debt > 1 year

€159k

Income taxes

€8k

Filed annual accounts

As filed with the NBB · 2018

Balance sheet Code2018

Assets

Total assets20/58€519k

Fixed assets21/28€321k

Tangible fixed assets22/27€321k

Current assets29/58€198k

Amounts receivable within one year40/41€184k

Cash at bank and in hand54/58€6k

Equity and liabilities

Total equity and liabilities10/49€519k

Equity10/15€191k

Contributions10/11€19k

Reserves13€172k

Profit (loss) carried forward14€382

Amounts payable17/49€328k

Amounts payable after more than one year17€159k

Amounts payable within one year42/48€169k

Trade debts44€66k

Income statement Code2018

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k

Gross operating margin9900€62k

Operating profit (loss)9901€42k

Recurring financial income75€3

Recurring financial charges65€12k

Profit (loss) for the period before taxes9903€29k

Income taxes67/77€8k

Profit (loss) for the period9904€21k

Profit (loss) for the period to be appropriated9905€21k

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