Active BE 0552.718.371Public limited companyOpen bankruptcy

Thomas Cook Retail

Tramstraat 67 ·9052 Gent, Belgium· 12 yrs active

Sector: Activiteiten van reisbureaus (79110)

Conclusion Checked

A bankruptcy procedure is open for Thomas Cook Retail according to publications in the Belgian State Gazette. The 2018 annual accounts show equity of €4.64M and a net result of €576k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€4.64M
Net result	€576k
Staff (FTE)	6.1
Active	12 yrs

Financial profile 4 of 5 axes measured · computed by Checked

44 / 100

Fragile profile, watch stability in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 15

Profitability 81

Solvency 78

Growth -

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 Flags0 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 2018 · computed

15 / 100 Critical

050100

Computed from 3 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 2018 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview5 NBB filings

Annual accounts filed on 22-05-2019 with the NBB · fiscal year 2018 · volledig

Highlight YoY changes (±10%)

Fiscal year	2018
Deposit	volledig
Revenue	€2.95M
EBITDA	-
Net profit	€576k
Cash flow	-
Staff costs	-
Income taxes	€967
Dividends	-
Total assets	€16.21M
Equity	€4.64M
Debt	€11.56M
of which ≤ 1y	€6.73M
of which > 1y	-
Working capital	€9.48M
Employees (FTE)	6.1

Ratios (computed)

	2018
Current ratio	2.41
Quick ratio	2.41
Working capital ratio	58.5%
Solvency	28.7%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	19.5%
ROA	3.6%
ROE	12.4%
EBITDA margin	-
Days sales outstanding	1953d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Equity & liabilities

Equity €4.64M · 28.7% Debt €11.56M · 71.3%

Full annual accounts (19 line items)

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

Line item	Code	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€16.21M
Current assets	29/58	€16.21M
Amounts receivable within one year	40/41	€15.81M
Cash & bank	54/58	€310
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€16.21M
Equity	10/15	€4.64M
Contributions / capital	10/11	€3.70M
Reserves	13	€370k
Accumulated profits (losses)	14	€576k
Amounts payable	17/49	€11.56M
Amounts payable within one year	42/48	€6.73M
Trade debts payable within one year	44	€1.75M
Income statement
Turnover	70	€2.95M
Operating result	9901	€286k
Financial charges	65	€43k
Result before taxes	9903	€242k
Income taxes	67/77	€967
Net result for the period	9904	€241k
Result to be appropriated	9905	€241k

Ratios computed by Checked.

Directors & mandates3 persons

Role	Name	Tenure	Source
Curator	MIEKE VERPLANCKE ZUIDSTATIONSTRAAT 34-36, 9000 GENT	25-09-2019 → present	Belgian State Gazette
Curator	PIETER HUYGHE SAVAANSTRAAT 72, 9000 GENT	25-09-2019 → present	Belgian State Gazette
Curator	HANS DE MEYER COUPURE 373, 9000 GENT-	25-09-2019 → present	Belgian State Gazette

Legal Structure

NACE primary	Activiteiten van reisbureaus(79110)
Legal form	Public limited company(014)
Incorporation	29-04-2014
Status	Active
Postal code	9052
First BS signal	10-10-2019
Latest BS signal	10-10-2019

Establishment units 1 location

Thomas Cook Retail

Tramstraat 67, 9052 GentActiviteiten van reisbureaus

since 20142.230.933.187

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.
44082B0132/00F000	Flanders	9,545 m²	1 · 3,366 m²	15.3 m · 3 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 6 events

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

2019

10-10-2019

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · THOMAS COOK RETAIL NV TRAMSTRAAT 67 B, 9052 ZWIJNAARDE · event 25-09-2019

22-05-2019