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Generated 05-07-2026
Active BE 0793.900.458Private limited companyOpen bankruptcy

Town Brothers

Drongensesteenweg 3 ·9000 Gent, Belgium· 3 yrs active
Sector: Non-specialised food retail (47110)
Conclusion Checked

A bankruptcy procedure is open for Town Brothers according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €2k and a net result of €1k.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €2k
Net result €1k
Active 3 yrs
Locations 2
Snowflake analysis 5 axes · computed by Checked
Health0Profitability64Solvency14Growth50Stability0
26 / 100

Fragile profile — watch health in particular.

Health 0
Profitability 64
Solvency 14
Growth 50
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 2023 · 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 overview1 NBB filings
Annual accounts filed on 11-03-2025 with the NBB · fiscal year 2023 · micro
Fiscal year2023
Revenue€127k
EBITDA—
Net profit€1k
Cash flow—
Staff costs€1k
Income taxes€338
Dividends—
Total assets€52k
Equity€2k
Debt€50k
of which ≤ 1y€50k
of which > 1y—
Working capital€-487
Employees (FTE)—
Ratios (computed)
2023
Current ratio0.99
Quick ratio0.99
Working capital ratio-0.9%
Solvency3.9%
Debt / equity24.90
Long-term debt ratio—
Interest coverage—
Gross margin2.2%
Net margin0.8%
ROA1.9%
ROE50.3%
EBITDA margin—
Days sales outstanding135d
Days payable outstanding129d
Inventory turnover—
Days inventory (DSI)—
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet — Assets
TOTAL ASSETS 20/58€52k
Formation expenses 20€3k
Current assets 29/58€50k
Amounts receivable within one year 40/41€50k
Cash & bank 54/58€63
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€52k
Equity 10/15€2k
Contributions / capital 10/11€1k
Accumulated profits (losses) 14€1k
Amounts payable 17/49€50k
Amounts payable within one year 42/48€50k
Trade debts payable within one year 44€44k
Income statement
Turnover 70€127k
Gross operating margin 9900€3k
Operating result 9901€1k
Financial charges 65€33
Result before taxes 9903€1k
Income taxes 67/77€338
Net result for the period 9904€1k
Result to be appropriated 9905€1k
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator ERIC FLAMéE
EILAND 27, 9520 SINT-LIEVENS- HOUTEM
 10-06-2025 → present Belgian State Gazette
Legal Structure
NACE primary Non-specialised food retail(47110)
Legal form Private limited company(610)
Incorporation23-11-2022
StatusActive
Postal code9000
First BS signal 16-06-2025
Latest BS signal 16-06-2025
Company structure — linked entities1 linked entities
Town BrothersBE 0793.900.458ERIC FLAMéEReceiver ↔ 42NMN CONSTRUCTSA GROUPGARDEZ
Mandates
↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.
Establishment units 2 locations
Town Brothers
Drongensesteenweg 3, 9000 GentDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
since 20232.343.816.938
Town Brothers
Brugsesteenweg 132, 9000 GentDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
since 20242.357.077.234
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 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44816K0465/00B000 Flanders 177 m² 1 · 109 m² 12.9 m · 2 fl.
44816K0652/00D000 Flanders 51 m² 1 · 51 m² 11.3 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates 3 events

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

2025
16-06-2025
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · TOWN BROTHERS BV DRON- GENSESTEENWEG 3/A, 9000 GENT · event 10-06-2025
11-03-2025
NBB filing Annual accounts filed
fiscal year 2023 · micro
2022
20-12-2022
State Gazette act Director changes
Lifecycle & Insolvency Signals 1 events
16-06-2025
Bankruptcy Opening
Date: 10-06-2025 · Ondernemingsrechtbank Gent, afdeling Gent · TOWN BROTHERS BV DRON- GENSESTEENWEG 3/A, 9000 GENT · Publications in State Gazette ↗
Time machine — BS events + macro context 2021 — 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-06-16 · 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
20-12-2022 2 directors appointed Director changes
  • Bartel Janssens — Bestuurder
  • Khan Aslam — Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Bartel Janssens",
        "address": "Sportstraat 382 te 9000 Gent",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-12-08",
      "evidence_quote": "De Heer Bartel Janssens wonende op Sportstraat 382 te 9000 Gent worden benoemd als bestuurder vanaf 08/12/2022.",
      "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": "Khan Aslam",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Khan Aslam bestuurder 25 acties 75 acties",
      "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": "nl",
    "pub_date": "2022-12-20",
    "filing_date": "2022-12-09",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2022-12-08",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0793.900.458",
    "name_full": "Town Brothers",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "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
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112
Primary activity highlighted.
Names & trade names
Legal nameNL Town Brothers
Registered office
Drongensesteenweg 3 bus A
9000 Gent, 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