Active BE 0454.840.324Private limited company (pre-2019)Open bankruptcy

TUBA

Dambruggestraat 251 ·2060 Antwerpen, Belgium· 31 yrs active

Conclusion Checked

A bankruptcy procedure is open for TUBA according to publications in the Belgian State Gazette. The 2019 annual accounts show equity of €105k and a net result of €-40k.

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

Key figures

Equity	€105k
Net result	€-40k
Active	31 yrs
Locations	2

Snowflake analysis 5 axes · computed by Checked

29 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 0

Solvency 66

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 2019 · 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 03-09-2020 with the NBB · fiscal year 2019 · micro

Operating resultNet result

EBITDA

€29k

+18.5% 18-19

Net profit

€-40k

+13.9% 18-19

Cash flow

€-37k

+15.1% 18-19

Total assets

€468k

+3.2% 18-19

Equity

€105k

+6.6% 18-19

Working capital

€104k

-2.1% 18-19

Income taxes

€0

- 18-19

Dividends

€0

- 18-19

Debt

€363k

+2.3% 18-19

Debt ≤ 1y

€349k

+6.2% 18-19

Debt > 1y

€14k

-46.8% 18-19

Current ratio

1.30

-1.9% 18-19

Quick ratio

0.08

-36.8% 18-19

Solvency

22.5%

+3.3% 18-19

Debt / equity

0.13

-50.1% 18-19

ROE

-38.2%

+19.2% 18-19

ROA

-8.6%

+16.6% 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Revenue	-
EBITDA	€29k
Net profit	€-40k
Cash flow	€-37k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€468k
Equity	€105k
Debt	€363k
of which ≤ 1y	€349k
of which > 1y	€14k
Working capital	€104k
Employees (FTE)	-

Ratios (computed)

	2019
Current ratio	1.30
Quick ratio	0.08
Working capital ratio	22.3%
Solvency	22.5%
Debt / equity	0.13
Long-term debt ratio	0.13
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-8.6%
ROE	-38.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €15k · 3.2% Current assets €453k · 96.8%

Equity & liabilities

Equity €105k · 22.5% Debt €363k · 77.5%

Full annual accounts

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

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€468k
Fixed assets	21/28	€15k
Intangible fixed assets	21	€6k
Tangible fixed assets	22/27	€8k
Financial fixed assets	28	€397
Current assets	29/58	€453k
Stocks & contracts in progress	3	€425k
Amounts receivable within one year	40/41	€21k
Cash & bank	54/58	€214
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€468k
Equity	10/15	€105k
Contributions / capital	10/11	€119k
Reserves	13	€27k
Accumulated profits (losses)	14	€-40k
Amounts payable	17/49	€363k
Amounts payable after one year	17	€14k
Amounts payable within one year	42/48	€349k
Trade debts payable within one year	44	€26k
Income statement
Gross operating margin	9900	€83k
Operating result	9901	€25k
Financial income	75	€37
Financial charges	65	€19k
Result before taxes	9903	€7k
Net result for the period	9904	€7k
Result to be appropriated	9905	€7k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	TOM DEGEETER BOUWENSSTRAAT 21, 2140 BORGER- HOUT (ANTWERPEN)	07-10-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	-
Legal form	Private limited company (pre-2019)(015)
Incorporation	17-03-1995
Status	Active
Postal code	2060
First BS signal	13-10-2021
Latest BS signal	13-10-2021

Company structure, linked entities1 linked entities

Mandates

Establishment units 2 locations

TUBA

de groothandel in garen

since 20062.153.788.592

Moda Uomo

De Brouckereplein 39, 1000 BrusselDetailhandel in herenbovenkleding

since 20142.239.503.237

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 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21802B0395/00P000 ProtectedArchitectural ensemble · MonumentEclectisch opbrengsthuisSource ↗	Brussels	187 m²	1 · 286 m²	27.7 m · 8 fl.
11805E0205/00W006	Flanders	114 m²	1 · 72 m²	16.1 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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 11 events

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

2021

13-10-2021

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · TUBA BV DAMBRUGGE- STRAAT 251, 2060 ANTWERPEN 6 · event 07-10-2021

2020

03-09-2020