Active BE 0832.371.054Private limited companyOpen bankruptcy

TGL Cleaning Services

Ieperstraat 311 ·8930 Menen, Belgium· 15 yrs active

Sector: General cleaning of buildings (81210)

Conclusion Checked

A bankruptcy procedure is open for TGL Cleaning Services according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-260k) and a net result of €-191k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-260k
Net result	€-191k
Staff (FTE)	24.2
Better than sector	5%

Snowflake analysis 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

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 2022 · computed

0 / 100 Critical

050100

Computed from 5 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 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 17-07-2023 with the NBB · fiscal year 2022 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 81, Cleaning & landscape services · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-36.6%	31.1%	better than 5% of 112 sector peers
Net result	€-191k	€21k	better than 5% of 112 sector peers
Equity	€-260k	€86k	better than 5% of 112 sector peers
Gross operating margin	€970k	€166k	better than 90% of 112 sector peers
Staff costs	€1.04M	€189k	higher than 91% of 76 sector peers

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

EBITDA

€-114k

-545.4% 19-22

Net profit

€-191k

-113.8% 19-22

Cash flow

€-141k

-329.3% 19-22

Total assets

€711k

-10.4% 19-22

Equity

€-260k

-273.5% 19-22

Working capital

€-417k

-103.6% 19-22

Employees (FTE)

24

+11.0% 19-22

Staff costs

€1.04M

+18.0% 19-22

Income taxes

€629

+33.9% 19-22

Debt

€971k

+12.5% 19-22

Debt ≤ 1y

€618k

+49.6% 19-22

Debt > 1y

€352k

-21.7% 19-22

Current ratio

0.32

-35.5% 19-22

Quick ratio

0.30

-31.9% 19-22

Solvency

-36.6%

-317.1% 19-22

Debt / equity

-3.73

+69.9% 19-22

ROE

73.2%

-42.8% 19-22

ROA

-26.8%

-138.7% 19-22

Interest coverage

-4.23

-309.1% 19-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	verkort
Revenue	-
EBITDA	€-114k
Net profit	€-191k
Cash flow	€-141k
Staff costs	€1.04M
Income taxes	€629
Dividends	-
Total assets	€711k
Equity	€-260k
Debt	€971k
of which ≤ 1y	€618k
of which > 1y	€352k
Working capital	€-417k
Employees (FTE)	24.2

Ratios (computed)

	2022
Current ratio	0.32
Quick ratio	0.30
Working capital ratio	-58.7%
Solvency	-36.6%
Debt / equity	-3.73
Long-term debt ratio	-1.35
Interest coverage	-4.23
Gross margin	-
Net margin	-
ROA	-26.8%
ROE	73.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €510k · 71.8% Current assets €201k · 28.2%

Full annual accounts

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

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€711k
Fixed assets	21/28	€510k
Tangible fixed assets	22/27	€510k
Financial fixed assets	28	€200
Current assets	29/58	€201k
Stocks & contracts in progress	3	€12k
Amounts receivable within one year	40/41	€164k
Cash & bank	54/58	€18k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€711k
Equity	10/15	€-260k
Contributions / capital	10/11	€19k
Reserves	13	€21k
Accumulated profits (losses)	14	€-300k
Amounts payable	17/49	€971k
Amounts payable after one year	17	€352k
Amounts payable within one year	42/48	€618k
Trade debts payable within one year	44	€183k
Income statement
Gross operating margin	9900	€970k
Operating result	9901	€-164k
Financial income	75	€1k
Financial charges	65	€27k
Result before taxes	9903	€-190k
Income taxes	67/77	€629
Net result for the period	9904	€-191k
Result to be appropriated	9905	€-191k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	NATHALIE BEERNAERT DAMMESTRAAT-WEST 6, 8800 ROESELARE	11-06-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	General cleaning of buildings(81210)
Legal form	Private limited company(610)
Incorporation	31-12-2010
Status	Active
Postal code	8930
First BS signal	17-06-2024
Latest BS signal	17-06-2024

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

TGL Cleaning Services

Ieperstraat 311, 8930 MenenReinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden

since 20202.324.931.236

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.
34372A0545/00V000	Flanders	4.0 ha	1 · 6,497 m²	-

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

17-06-2024

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · TGL CLEANING SERVICES BV IEPERSTRAAT 311 BUS D06, 8930 MENEN · event 11-06-2024

2023

17-07-2023