SUCCESSFUL EXPECTATIONS BELGIUM

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for SUCCESSFUL EXPECTATIONS BELGIUM (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2019 annual accounts show negative equity (€-17.66M) and a net result of €-17.72M.

Based on the State Gazette, CBE and 2 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.

Signals

Insufficient current data: the most recent filed accounts (financial year 2019) 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.

Latest accounts filed on time

The financial year that closed on 30-09-2019 was due by 30-04-2020 and was filed on 07-04-2020, 23 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 9 filed financial years, each closing on 30-09. 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 30-09-2019, that is 30-04-2020.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	nothing on record	not filed	-
30-09-2024	30-04-2025	nothing on record	not filed	-
30-09-2023	30-04-2024	nothing on record	not filed	-
30-09-2022	30-04-2023	nothing on record	not filed	-
30-09-2021	30-04-2022	nothing on record	not filed	-
30-09-2020	30-04-2021	nothing on record	not filed	-
30-09-2019	30-04-2020	07-04-2020	23 d early	2020-08800584
30-09-2018	30-04-2019	26-03-2019	35 d early	2019-07800032
30-09-2017	30-04-2018	01-03-2018	60 d early	2018-05800159
30-09-2016	30-04-2017	25-03-2017	36 d early	2017-07100584
30-09-2015	30-04-2016	28-04-2016	2 d early	2016-10900456
30-09-2014	30-04-2015	12-03-2015	49 d early	2015-06000461

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

1 signal

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.

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€-17.72M-6.4%

Working capital€-16.15M-4.7%

CSV export

Annual accounts & ratios

Source: NBB · 2019

Annual accounts filed on 07-04-2020 with the NBB · fiscal year 2019 · volledig

Operating resultNet result

Net profit

€-17.72M

-6.4% 18-19

Total assets

€1.83M

+66.4% 18-19

Equity

€-17.66M

-6.5% 18-19

Working capital

€-16.15M

-4.7% 18-19

Debt

€19.49M

+10.2% 18-19

Debt ≤ 1y

€17.98M

+8.8% 18-19

Current ratio

0.10

+53.0% 18-19

Quick ratio

0.10

+53.0% 18-19

Show 3 other metrics

Solvency

-964.9%

+36.0% 18-19

ROE

100.4%

0.0% 18-19

ROA

-968.3%

+36.0% 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	volledig
Revenue	-
EBITDA	-
Net profit	€-17.72M
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€1.83M
Equity	€-17.66M
Debt	€19.49M
of which ≤ 1y	€17.98M
of which > 1y	-
Working capital	€-16.15M
Employees (FTE)	-

Ratios (computed)

	2019
Current ratio	0.10
Quick ratio	0.10
Working capital ratio	-882.4%
Solvency	-964.9%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-968.3%
ROE	100.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €240 · 0.0% Current assets €1.83M · 100.0%

Full annual accounts (20 line items)

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

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.83M
Fixed assets	21/28	€240
Financial fixed assets	28	€240
Current assets	29/58	€1.83M
Amounts receivable within one year	40/41	€3
Cash & bank	54/58	€247
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.83M
Equity	10/15	€-17.66M
Contributions / capital	10/11	€62k
Accumulated profits (losses)	14	€-17.72M
Amounts payable	17/49	€19.49M
Amounts payable within one year	42/48	€17.98M
Trade debts payable within one year	44	€8k
Income statement
Gross operating margin	9900	€-15k
Operating result	9901	€-318k
Financial income	75	€10
Financial charges	65	€756k
Result before taxes	9903	€-1.07M
Net result for the period	9904	€-1.07M
Result to be appropriated	9905	€-1.07M

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2019 · 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 2019 and the legal situation the KBO register itself records. Indicative, not credit advice.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Parcels1

Ground area8,756 m²

Buildings1

Building footprint3,871 m²

Volume (LiDAR)36,175 m³

Tallest building16.6 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.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52363D0603/00M000	Wallonia	8,756 m²	1 · 3,871 m²	16.6 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

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

Publications

Lifecycle & Insolvency Signals

No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.

Belgian State Gazette · acts

0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has 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

26 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 0

Growth 32

Stability 0

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameFR

SUCCESSFUL EXPECTATIONS BELGIUM

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.