Active BE 0452.657.626Private limited companyOpen bankruptcy

't VERSCHIL

Hoogstraat 34 ·9340 Lede, Belgium· 32 yrs active

Sector: Food & beverage service (56111)

Conclusion Checked

A bankruptcy procedure is open for 't VERSCHIL according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €178k and a net result of €3k.

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

Key figures

Equity	€178k
Net result	€3k
Staff (FTE)	2
Active	32 yrs

Snowflake analysis 5 axes · computed by Checked

28 / 100

Fragile profile, watch stability in particular.

Health 24

Profitability 9

Solvency 55

Growth 52

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 risk

Components

· 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 2021 · computed

24 / 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 28-08-2024 with the NBB · fiscal year 2023 · micro

RevenueOperating resultNet result

Revenue

€0

- 18-21

EBITDA

€112k

-23.0% far above sector median

Net profit

€3k

- far above sector median

Cash flow

€94k

+143.8% far above sector median

Total assets

€664k

-23.3% far above sector median

Equity

€178k

+14.8% far above sector median

Working capital

€62k

- far above sector median

Employees (FTE)

2

-73.0% -53% vs sector

Staff costs

€56k

- -11% vs sector

Income taxes

€433

-93.5% -72% vs sector

Dividends

€0

- -100% vs sector

Debt

€487k

-31.6% far above sector median

Debt ≤ 1y

€96k

-57.3% +178% vs sector

Debt > 1y

€387k

-19.6% far above sector median

Current ratio

1.65

+205.9% +44% vs sector

Quick ratio

1.51

+317.8% +42% vs sector

Solvency

26.8%

+49.7% -25% vs sector

Debt / equity

2.74

-11.8% +52% vs sector

ROE

1.7%

- far above sector median

ROA

0.5%

- far above sector median

Interest coverage

6.06

- -33% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Revenue	-
EBITDA	€112k
Net profit	€3k
Cash flow	€94k
Staff costs	€56k
Income taxes	€433
Dividends	-
Total assets	€664k
Equity	€178k
Debt	€487k
of which ≤ 1y	€96k
of which > 1y	€387k
Working capital	€62k
Employees (FTE)	2.0

Ratios (computed)

	2021
Current ratio	1.65
Quick ratio	1.51
Working capital ratio	9.4%
Solvency	26.8%
Debt / equity	2.74
Long-term debt ratio	2.17
Interest coverage	6.06
Gross margin	-
Net margin	-
ROA	0.5%
ROE	1.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €506k · 76.1% Current assets €159k · 23.9%

Equity & liabilities

Equity €178k · 26.8% Debt €487k · 73.2%

Full annual accounts

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€664k
Fixed assets	21/28	€506k
Tangible fixed assets	22/27	€505k
Financial fixed assets	28	€654
Current assets	29/58	€159k
Stocks & contracts in progress	3	€13k
Amounts receivable within one year	40/41	€21k
Investments	50/53	€31k
Cash & bank	54/58	€92k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€664k
Equity	10/15	€178k
Contributions / capital	10/11	€19k
Reserves	13	€159k
Amounts payable	17/49	€487k
Amounts payable after one year	17	€387k
Amounts payable within one year	42/48	€96k
Trade debts payable within one year	44	€37k
Income statement
Gross operating margin	9900	€168k
Operating result	9901	€22k
Financial income	75	€362
Financial charges	65	€19k
Result before taxes	9903	€3k
Income taxes	67/77	€433
Net result for the period	9904	€3k
Result to be appropriated	9905	€3k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- ↔ Also on 146 other cases	04-11-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Food & beverage service(56111)
Legal form	Private limited company(610)
Incorporation	06-05-1994
Status	Active
Postal code	9340
First BS signal	08-11-2024
Latest BS signal	08-11-2024

Company structure, linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

'T VERSCHIL

Hoogstraat 34, 9340 LedeRestaurant van het traditionele type

since 20172.265.854.672

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 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41034C0097/00M000	Flanders	265 m²	1 · 216 m²	12.5 m · 2 fl.

Methodology

via registered seat: 1

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

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

Updates 11 events

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

2024

08-11-2024

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Dendermonde · ’T VERSCHIL BV HOOG- STRAAT 34, 9340 LEDE · event 04-11-2024

28-08-2024