Skip to content

SIEBENS-VRANCX

Active
Private limited company (pre-2019)·Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk· 28 yrs active
Berlarij 100 ·2500 Lier, Belgium
Open bankruptcy
KBO/BCE: BE 0462.534.602
Watch Print / PDF
Belgian State Gazette acts: 0 of 1 read
Age28 yrs
Real estate2 parcels · 195 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for SIEBENS-VRANCX according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €80k and a net result of €8k.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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
11-01-2022
Bankruptcy Opening
Date: 06-01-2022 · Ondernemingsrechtbank Antwerpen, afdeling Mechelen · SIEBENS-VRANCX BVBA BERLARIJ 100, 2500 LIER · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2020) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2020, that is 31-07-2021.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 nothing on record not filed -
31-12-2020 31-07-2021 14-12-2021 136 d late 2021-80200093
31-12-2019 31-07-2020 03-07-2020 28 d early 2020-25800063
31-12-2018 31-07-2019 01-07-2019 30 d early 2019-26100258
31-12-2017 31-07-2018 20-08-2018 20 d late 2018-46800433
31-12-2016 31-07-2017 24-08-2017 24 d late 2017-49300382
31-12-2015 31-07-2016 15-08-2016 15 d late 2016-42900156
31-12-2014 31-07-2015 16-10-2015 77 d late 2015-65200532

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

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 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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€8k-30.2%
Working capital€-129k-37.9%
Directors1

Annual accounts & ratios

Source: NBB · 2020
Annual accounts filed on 14-12-2021 with the NBB · fiscal year 2020 · micro
€-20k€0€20k€40kOperating result 2018: €25k€25kNet result 2018: €17k€17kOperating result 2019: €33k€33kNet result 2019: €11k€11kOperating result 2020: €-10k€-10kNet result 2020: €8k€8k201820192020
Operating resultNet result
Sector comparison
Fiscal year 2020 · NACE 10, Food manufacturing · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 30.7% 28.0%
better than 55% of 111 sector peers
Net result €-17k €2k
better than 22% of 110 sector peers
Equity €80k €25k
better than 76% of 111 sector peers
Gross operating margin €153k €50k
better than 80% of 110 sector peers
Employees (FTE) 5.2 2.1
better than 85% of 61 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€15k
-73.9% 18-20
Net profit
€8k
-30.2% 18-20
Cash flow
€32k
-7.3% 18-20
Total assets
€261k
-0.2% 18-20
Equity
€80k
-17.5% 18-20
Working capital
€-129k
-37.9% 18-20
Employees (FTE)
5
+20.9% 18-20
Income taxes
€3k
+5.4% 18-20
Show 9 other metrics
Debt
€181k
+10.0% 18-20
Debt ≤ 1y
€157k
+27.2% 18-20
Debt > 1y
€24k
-41.6% 18-20
Current ratio
0.18
-25.8% 18-20
Quick ratio
0.13
-27.3% 18-20
Solvency
30.7%
-17.3% 18-20
Debt / equity
0.30
-29.2% 18-20
ROE
9.5%
-15.4% 18-20
ROA
2.9%
-30.1% 18-20
Figures by fiscal year
Fiscal year2020
Depositmicro
Revenue-
EBITDA€15k
Net profit€8k
Cash flow€32k
Staff costs-
Income taxes€3k
Dividends-
Total assets€261k
Equity€80k
Debt€181k
of which ≤ 1y€157k
of which > 1y€24k
Working capital€-129k
Employees (FTE)5.2
Ratios (computed)
2020
Current ratio0.18
Quick ratio0.13
Working capital ratio-49.2%
Solvency30.7%
Debt / equity0.30
Long-term debt ratio0.30
Interest coverage-
Gross margin-
Net margin-
ROA2.9%
ROE9.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€261k
Fixed assets 21/28€233k
Tangible fixed assets 22/27€230k
Financial fixed assets 28€3k
Current assets 29/58€29k
Stocks & contracts in progress 3€8k
Amounts receivable within one year 40/41€15k
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€261k
Equity 10/15€80k
Reserves 13€62k
Amounts payable 17/49€181k
Amounts payable after one year 17€24k
Amounts payable within one year 42/48€157k
Trade debts payable within one year 44€26k
Income statement
Gross operating margin 9900€153k
Operating result 9901€-10k
Financial income 75€10
Financial charges 65€4k
Result before taxes 9903€-14k
Income taxes 67/77€3k
Net result for the period 9904€-17k
Result to be appropriated 9905€8k
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2020 · computed
0 / 100 Critical
050100
Computed from 4 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 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

1 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator PETER HECHTERMANS
GROENE LAAN 47, 2830 WILLEBROEK
 06-01-2022 → present Belgian State Gazette

Legal Structure

NACE primary Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk(10712)
Legal form Private limited company (pre-2019)(015)
Incorporation27-01-1998
StatusActive
Postal code2500
First BS signal 11-01-2022
Latest BS signal 11-01-2022

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

2 locations
Berlarij 100, 2500 Lier
vervaardiging van kunsthonig en karamel.
since 19982.085.690.436
Zagerijstraat 76, 2500 Lier
Detailhandel in brood en banketbakkerswerk (koude bakkers)
since 20092.199.755.706
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area195 m²
Buildings2
Building footprint195 m²
Volume (LiDAR)1,807 m³
Tallest building12.2 m · ±3 fl.

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.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12392A0625/00Y006 Flanders 126 m² 1 · 126 m² 10.7 m · 3 fl.
12021I0035/00B000 Flanders 69 m² 1 · 69 m² 12.2 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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
11-01-2022
Bankruptcy Opening
Date: 06-01-2022 · Ondernemingsrechtbank Antwerpen, afdeling Mechelen · SIEBENS-VRANCX BVBA BERLARIJ 100, 2500 LIER · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-01-11 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured
Health0Profitability48Solvency54Growth32Stability0
27 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 48
Solvency 54
Growth 32
Stability 0

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

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

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 470 of the 4,217 companies in this sector. 405 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk10712Artisanale brood- en banketbakkerijen15812
Primary activity highlighted.
Names & trade names
Legal nameNL SIEBENS-VRANCX
Registered office
Berlarij 100
2500 Lier, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.