Active BE 0562.955.336Private limited company (pre-2019)Open bankruptcy

TOW TRAFFIC SUPPORT

Tweemontstraat 306 ·2100 Antwerpen, Belgium· 11 yrs active

Sector: Logistieke diensten (52250)

Conclusion Checked

A bankruptcy procedure is open for TOW TRAFFIC SUPPORT according to publications in the Belgian State Gazette. The 2019 annual accounts show negative equity (€-416k) and a net result of €-435k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-416k
Net result	€-435k
Staff (FTE)	1
Active	11 yrs

Financial profile 5 of 5 axes measured · computed by Checked

42 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

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 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 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 an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview5 NBB filings

Annual accounts filed on 01-12-2020 with the NBB · fiscal year 2019 · verkort

Operating resultNet result

EBITDA

€-442k

- 18-19

Net profit

€-435k

+8.1% 18-19

Cash flow

€-444k

- 18-19

Total assets

€91k

-23.2% 18-19

Equity

€-416k

+8.4% 18-19

Working capital

€-412k

+13.5% 18-19

Employees (FTE)

1

-85.9% 18-19

Debt

€507k

-11.5% 18-19

Show 8 other metrics

Debt ≤ 1y

€503k

-10.6% 18-19

Debt > 1y

€3k

-63.2% 18-19

Current ratio

0.18

+17.5% 18-19

Quick ratio

0.18

+17.5% 18-19

Solvency

-457.1%

-19.2% 18-19

Debt / equity

-0.01

+59.8% 18-19

ROE

104.6%

+0.4% 18-19

ROA

-478.0%

-19.6% 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	verkort
Revenue	-
EBITDA	-
Net profit	€-435k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€91k
Equity	€-416k
Debt	€507k
of which ≤ 1y	€503k
of which > 1y	€3k
Working capital	€-412k
Employees (FTE)	1.0

Ratios (computed)

	2019
Current ratio	0.18
Quick ratio	0.18
Working capital ratio	-453.4%
Solvency	-457.1%
Debt / equity	-0.01
Long-term debt ratio	-0.01
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-478.0%
ROE	104.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

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	€91k
Current assets	29/58	€91k
Amounts receivable within one year	40/41	€91k
Cash & bank	54/58	€49
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€91k
Equity	10/15	€-416k
Contributions / capital	10/11	€19k
Reserves	13	€397
Accumulated profits (losses)	14	€-435k
Amounts payable	17/49	€507k
Amounts payable after one year	17	€3k
Amounts payable within one year	42/48	€503k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€-69k
Operating result	9901	€42k
Financial income	75	€3k
Financial charges	65	€7k
Result before taxes	9903	€38k
Net result for the period	9904	€38k
Result to be appropriated	9905	€38k

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.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	DIRK DEVROE KROMVENDREEF 15, 2900 SCHOTEN-	22-12-2020 → present	Belgian State Gazette

Legal Structure

NACE primary	Logistieke diensten(52250)
Legal form	Private limited company (pre-2019)(015)
Incorporation	19-09-2014
Status	Active
Postal code	2100
First BS signal	29-12-2020
Latest BS signal	29-12-2020

Establishment units 1 location

Tow Traffic Support

Tweemontstraat 306, 2100 AntwerpenSlepen van auto's en de hulpverlening bij pech onderweg

since 20142.234.785.176

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.
11012A0007/00W002	Flanders	3,813 m²	1 · 982 m²	7.8 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 6 events

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

2020

29-12-2020

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · TOW TRAFFIC SUPPORT BVBA TWEEMONTSTRAAT 306, 2100 DEURNE (ANTWERPEN) · event 22-12-2020

01-12-2020