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Complete company report
Generated 28-06-2026
Active BE 0452.646.441Public limited companyOpen bankruptcy

TONICO

Adolf Buylstraat 34 ·8400 Oostende, Belgium· 32 yrs active
Sector: Retail trade (47716)
Conclusion Checked

A bankruptcy procedure is open for TONICO according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €36k and a net result of €-40k.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €36k
Net result €-40k
Staff (FTE) 1
Active 32 yrs
Snowflake analysis 5 axes · computed by Checked
Health0Profitability0Solvency62Growth78Stability0
28 / 100

Fragile profile — watch health in particular.

Health 0
Profitability 0
Solvency 62
Growth 78
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 2020 · computed
0 / 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 19-10-2022 with the NBB · fiscal year 2022 · micro
€-60k€-40k€-20k€0Operating result 2019: €-55k€-55kNet result 2019: €-40k€-40kOperating result 2020: €4k€4kNet result 2020: €-40k€-40k20192020
Operating resultNet result
EBITDA
€12k
— 19–20
Net profit
€-40k
+1.5% 19–20
Cash flow
€-31k
+1.9% 19–20
Total assets
€104k
-36.1% 19–20
Equity
€36k
+1.7% 19–20
Working capital
€21k
+75.6% 19–20
Employees (FTE)
1
-33.3% 19–20
Income taxes
€170
+46.3% 19–20
Dividends
€0
— 19–20
Debt
€68k
-46.7% 19–20
Debt ≤ 1y
€68k
-46.7% 19–20
Debt > 1y
€0
— 19–20
Current ratio
1.30
+19.4% 19–20
Quick ratio
0.13
+36.5% 19–20
Solvency
35.0%
+59.1% 19–20
Debt / equity
0.00
— 19–20
ROE
-109.3%
+3.1% 19–20
ROA
-38.3%
-54.1% 19–20
Figures by fiscal year
Fiscal year2020
Revenue—
EBITDA€12k
Net profit€-40k
Cash flow€-31k
Staff costs—
Income taxes€170
Dividends—
Total assets€104k
Equity€36k
Debt€68k
of which ≤ 1y€68k
of which > 1y—
Working capital€21k
Employees (FTE)1.0
Ratios (computed)
2020
Current ratio1.30
Quick ratio0.13
Working capital ratio19.8%
Solvency35.0%
Debt / equity—
Long-term debt ratio—
Interest coverage—
Gross margin—
Net margin—
ROA-38.3%
ROE-109.3%
EBITDA margin—
Days sales outstanding—
Days payable outstanding—
Inventory turnover—
Days inventory (DSI)—
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet — Assets
TOTAL ASSETS 20/58€104k
Fixed assets 21/28€16k
Tangible fixed assets 22/27€12k
Financial fixed assets 28€4k
Current assets 29/58€88k
Stocks & contracts in progress 3€80k
Amounts receivable within one year 40/41€3k
Cash & bank 54/58€2k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€104k
Equity 10/15€36k
Contributions / capital 10/11€68k
Reserves 13€8k
Accumulated profits (losses) 14€-40k
Amounts payable 17/49€68k
Amounts payable within one year 42/48€68k
Trade debts payable within one year 44€5k
Income statement
Gross operating margin 9900€30k
Operating result 9901€4k
Financial income 75€389
Financial charges 65€3k
Result before taxes 9903€776
Income taxes 67/77€170
Net result for the period 9904€606
Result to be appropriated 9905€606
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator EMMELINE MARREYT
PRINSENLAAN 2, 8400 OOSTENDE
 25-04-2024 → present Belgian State Gazette
Legal Structure
NACE primary Retail trade(47716)
Legal form Public limited company(014)
Incorporation06-05-1994
StatusActive
Postal code8400
First BS signal 07-05-2024
Latest BS signal 07-05-2024
Company structure — linked entities1 linked entities
TONICOBE 0452.646.441EMMELINE MARREYTReceiver ↔ 37Voet, GeertHM&P InternationalVanlaere, Serge
Mandates
↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.
Establishment units 1 location
TUTTI CONFETTI
Adolf Buylstraat 34, 8400 OostendeGroothandel in kleding, kledingtoebehoren en bontartikelen
since 19972.066.957.459
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.
35013A0127/00H000 Flanders 92 m² 1 · 82 m² 20.4 m · 5 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 12 events

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

2024
07-05-2024
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Oostende · TONICO NV ADOLF BUYL- STRAAT 34, 8400 OOSTENDE · event 25-04-2024
2022
19-10-2022
NBB filing Annual accounts filed
fiscal year 2022 · micro
06-07-2022
State Gazette act Director changes
2021
14-09-2021
NBB filing Annual accounts filed
fiscal year 2021 · micro
2020
01-09-2020
NBB filing Annual accounts filed
fiscal year 2020 · micro
2019
30-09-2019
NBB filing Annual accounts filed
fiscal year 2019 · micro
2018
31-08-2018
NBB filing Annual accounts filed
fiscal year 2018 · micro
2017
19-09-2017
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2016
20-09-2016
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2015
01-10-2015
NBB filing Annual accounts filed
fiscal year 2015 · verkort
29-05-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2013
29-11-2013
NBB filing Annual accounts filed
fiscal year 2013 · verkort
Lifecycle & Insolvency Signals 1 events
07-05-2024
Bankruptcy Opening
Date: 25-04-2024 · Ondernemingsrechtbank Gent, afdeling Oostende · TONICO NV ADOLF BUYL- STRAAT 34, 8400 OOSTENDE · Publications in State Gazette ↗
Time machine — BS events + macro context 2021 — 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-05-07 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023–2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad — acts 1 acts
All acts · 1 updated 3 years ago
2022
06-07-2022 1 director appointed, 1 resigning Director changes
  • Gunst Christophe — Bestuurder
  • Verhelst Bernard — Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Verhelst Bernard",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": {
        "kbo": null,
        "name": "Berfin",
        "address": null,
        "country": null,
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-04-01",
      "evidence_quote": "de BV Berfin met vast vertegenwoordiger dhr Verhelst Bernard te ontslaan als bestuurder met ingang van 01/04/2022",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Gunst Christophe",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": null,
        "name": "Calcule BV",
        "address": null,
        "country": null,
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2022-07-06",
    "filing_date": "2022-06-29",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2022-06-03",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0452.646.441",
    "name_full": "TONICO",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": "Boekhoudkantoor Calcule BV",
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires in gespecialiseerde winkels (algemeen assortiment)47716Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)47716Detailhandel in bovenkleding voor heren, dames en kinderen (algemeen assortiment)52421
Primary activity highlighted.
Names & trade names
Legal nameNL TONICO
Registered office
Adolf Buylstraat 34
8400 Oostende, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative