Active BE 0540.823.894Private limited company (pre-2019)Open bankruptcy

STANDING WORK CLEANING

· 12 yrs active

Sector: Activiteiten van industriële wasserijen (96101)

Conclusion Checked

A bankruptcy procedure is open for STANDING WORK CLEANING according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-740k) and a net result of €-749k.

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

Key figures

Equity	€-740k
Net result	€-749k
Staff (FTE)	4.1
Better than sector	27%

Snowflake analysis 5 of 5 axes measured · computed by Checked

34 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 38

Growth 32

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 Flags 0 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 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.

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Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 31-08-2021 with the NBB · fiscal year 2020 · volledig

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 96, Personal services · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-37.9%	18.2%	better than 27% of 46 sector peers
Net result	€-839k	€4k	better than 5% of 46 sector peers
Equity	€-740k	€18k	better than 5% of 46 sector peers
Gross operating margin	€57k	€76k	better than 46% of 40 sector peers
Total assets	€1.95M	€137k	better than 85% of 46 sector peers

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

EBITDA

€-502k

- 18-20

Net profit

€-749k

- 18-20

Cash flow

€-743k

- 18-20

Total assets

€1.95M

+37.8% 18-20

Equity

€-740k

- 18-20

Working capital

€-735k

- 18-20

Employees (FTE)

4

+2.5% 18-20

Income taxes

€241k

+287.2% 18-20

Debt

€2.69M

+104.4% 18-20

Debt ≤ 1y

€2.65M

+108.5% 18-20

Debt > 1y

€39k

-13.1% 18-20

Current ratio

0.72

-32.9% 18-20

Quick ratio

0.72

-32.9% 18-20

Solvency

-37.9%

- 18-20

Debt / equity

-0.05

- 18-20

ROE

101.2%

+11.3% 18-20

ROA

-38.4%

- 18-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	volledig
Revenue	-
EBITDA	€-502k
Net profit	€-749k
Cash flow	€-743k
Staff costs	-
Income taxes	€241k
Dividends	-
Total assets	€1.95M
Equity	€-740k
Debt	€2.69M
of which ≤ 1y	€2.65M
of which > 1y	€39k
Working capital	€-735k
Employees (FTE)	4.1

Ratios (computed)

	2020
Current ratio	0.72
Quick ratio	0.72
Working capital ratio	-37.6%
Solvency	-37.9%
Debt / equity	-0.05
Long-term debt ratio	-0.05
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-38.4%
ROE	101.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €33k · 1.7% Current assets €1.92M · 98.3%

Full annual accounts

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

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.95M
Fixed assets	21/28	€33k
Tangible fixed assets	22/27	€33k
Current assets	29/58	€1.92M
Amounts receivable within one year	40/41	€1.07M
Investments	50/53	€12k
Cash & bank	54/58	€644
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.95M
Equity	10/15	€-740k
Contributions / capital	10/11	€6k
Reserves	13	€3k
Accumulated profits (losses)	14	€-749k
Amounts payable	17/49	€2.69M
Amounts payable after one year	17	€39k
Amounts payable within one year	42/48	€2.65M
Trade debts payable within one year	44	€999k
Income statement
Gross operating margin	9900	€57k
Operating result	9901	€-508k
Financial income	75	€2
Financial charges	65	€90k
Result before taxes	9903	€-598k
Income taxes	67/77	€241k
Net result for the period	9904	€-839k
Result to be appropriated	9905	€-839k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	MéLANIE VALLES RUIS DREVE DES RENARDS 8, 1180 BRUXELLES 18	20-06-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Activiteiten van industriële wasserijen(96101)
Legal form	Private limited company (pre-2019)(015)
Incorporation	15-10-2013
Status	Active
Postal code	-
First BS signal	29-06-2022
Latest BS signal	29-06-2022

Establishment units 2 locations

STANDING WORK CLEANING

Van Kerckhovenstraat 18, 2060 AntwerpenWassen, bleken, chemisch reinigen, strijken, verven, enz., van kleding en textielartikelen voor bedrijven, andere grootgebruikers en voor depothouders

since 20132.223.006.606

Parc Ind. des Hauts Sarts, 4e av 46, 4040 Herstal

Diverse administratieve activiteiten ten behoeve van kantoren

since 20162.260.375.855

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 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21807G0120/00L005	Brussels	700 m²	1 · 700 m²	32.2 m · 9 fl.
11805E0494/00H002	Flanders	80 m²	1 · 80 m²	16.8 m · 4 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 8 events

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

2022

29-06-2022

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · STANDING WORK CLEANING SPRL AVENUE LOUISE 209/7, 1050 IXELLES · event 20-06-2022

2021

31-08-2021