Active BE 0431.780.454Public limited companyOpen bankruptcy

SELFMATIC

Groot-Bijgaardenstraat 302 ·1601 Sint-Pieters-Leeuw, Belgium· 38 yrs active

Sector: Retail trade (47521)

Conclusion Checked

A bankruptcy procedure is open for SELFMATIC according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2018 annual accounts show negative equity (€-834k) and a net result of €-912k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€-834k
Net result	€-912k
Staff (FTE)	36.6
Active	38 yrs

Snowflake analysis 5 axes · computed by Checked

26 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 33

Solvency 46

Growth 50

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

60 / 100

High risk

Components

· 1 judicial reorganisation (+10)

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

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

Administrative Flags 0 events

No administrative flags

Health barometer FY 2018 · computed

0 / 100 Critical

050100

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

Financial overview10 NBB filings

Annual accounts filed on 16-10-2019 with the NBB · fiscal year 2018 · verkort

Highlight YoY changes (±10%)

Fiscal year	2018
Revenue	€5.87M
EBITDA	€-746k
Net profit	€-912k
Cash flow	€-797k
Staff costs	-
Income taxes	€2k
Dividends	-
Total assets	€2.83M
Equity	€-834k
Debt	€3.45M
of which ≤ 1y	€2.27M
of which > 1y	€208k
Working capital	€131k
Employees (FTE)	36.6

Ratios (computed)

	2018
Current ratio	1.06
Quick ratio	0.28
Working capital ratio	4.6%
Solvency	-29.5%
Debt / equity	-0.25
Long-term debt ratio	-0.25
Interest coverage	-
Gross margin	-
Net margin	-15.6%
ROA	-32.2%
ROE	109.4%
EBITDA margin	-12.7%
Days sales outstanding	19d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €432k · 15.3% Current assets €2.40M · 84.8%

Full annual accounts

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

Line item	Code	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.83M
Fixed assets	21/28	€432k
Tangible fixed assets	22/27	€410k
Financial fixed assets	28	€21k
Current assets	29/58	€2.40M
Stocks & contracts in progress	3	€1.77M
Amounts receivable within one year	40/41	€297k
Cash & bank	54/58	€330k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.83M
Equity	10/15	€-834k
Contributions / capital	10/11	€63k
Reserves	13	€16k
Accumulated profits (losses)	14	€-912k
Provisions & deferred taxes	16	€218k
Amounts payable	17/49	€3.45M
Amounts payable after one year	17	€208k
Amounts payable within one year	42/48	€2.27M
Trade debts payable within one year	44	€1.13M
Income statement
Turnover	70	€5.87M
Gross operating margin	9900	€1.30M
Operating result	9901	€-862k
Financial income	75	€3k
Financial charges	65	€52k
Result before taxes	9903	€-911k
Income taxes	67/77	€2k
Net result for the period	9904	€-912k
Result to be appropriated	9905	€-912k

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	JEAN-LOUIS DE CHAFFOY SCHALIESTRAAT 18 BIS, 1602 VLEZENBEEK	28-01-2020 → present	Belgian State Gazette

Legal Structure

NACE primary	Retail trade(47521)
Legal form	Public limited company(014)
Incorporation	01-09-1987
Status	Active
Postal code	1601
First BS signal	09-01-2020
Latest BS signal	03-02-2020

Company structure, linked entities1 linked entities

Mandates

Establishment units 6 locations

SELFMATIC NV

Groot-Bijgaardenstraat 302, 1601 Sint-Pieters-Leeuwde installatie van bewakingssystemen en alarminstallaties tegen diefstal

since 20002.030.031.836

SELFMATIC

Rue Diguette 10, 4031 Liègede installatie van bewakingssystemen en alarminstallaties tegen diefstal

since 20012.030.032.034

SELFMATIC

Zone art. de la Rivièrette(SG) 7, 7330 Saint-GhislainGroothandel in onderdelen en accessoires van auto's inclusief de groothandel in tweedehands onderdelen

since 20022.111.150.263

Selfmatic

Rue de Fleurus(FAR) 41, 6240 FarciennesInstallatie van elektrische bedrading en toebehoren

since 20082.173.917.676

Selfmatic Tournai

Boulevard Eisenhower(TOU) 270, 7500 TournaiHandelsbemiddeling in de groothandel in andere specifieke goederen

since 20122.216.734.268

SELFMATIC

Installatie van elektrische bedrading en toebehoren

since 20172.273.815.503

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 1 (20%) Wallonia 4 (80%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23069A0032/00Z000	Flanders	7,657 m²	1 · 3,983 m²	11.2 m · 2 fl.
92095B0209/00Y005	Wallonia	6,269 m²	1 · 1,944 m²	-
62002D0535/00D002	Wallonia	2,874 m²	1 · 832 m²	6.5 m · 2 fl.
52018A0011/00N004	Wallonia	412 m²	1 · 88 m²	9.7 m · 2 fl.
57462A0146/00K006indicative	Wallonia	154 m²	1 · 50 m²	11.8 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 4

4 of 5 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2020

03-02-2020

Bankruptcy Opening

Ondernemingsrechtbank Brussel · SELFMATIC NV GROOT- BIJGAARDENSTRAAT 302, 1601 RUISBROEK (.BT) · event 28-01-2020

09-01-2020

Judicial reorganisation Opening

ondernemingsrechtbank Brussel · collectif · event 24-12-2019

2019

16-10-2019