Active BE 0879.912.239Private limited company (pre-2019)Open bankruptcy

TUINCONCEPT LIEVEN

Spei 32 ·8790 Waregem, Belgium· 20 yrs active

Sector: Landschapsverzorging (81300)

Conclusion Checked

A bankruptcy procedure is open for TUINCONCEPT LIEVEN according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-297k) and a net result of €-8k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-297k
Net result	€-8k
Better than sector	5%
Active	20 yrs

Financial profile 5 of 5 axes measured · computed by Checked

21 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 14

Solvency 33

Growth 58

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 2021 · computed

0 / 100 Critical

050100

Computed from 5 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 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 31-10-2022 with the NBB · fiscal year 2021 · micro

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 81, Cleaning & landscape services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-303.2%	35.0%	better than 5% of 610 sector peers
Net result	€-8k	€10k	better than 10% of 606 sector peers
Equity	€-297k	€23k	better than 5% of 610 sector peers
Gross operating margin	€43k	€37k	better than 55% of 606 sector peers
Total assets	€98k	€83k	better than 56% of 610 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€43k

+59.2% 18-21

Net profit

€-8k

+97.2% 18-21

Cash flow

€16k

- 18-21

Total assets

€98k

-51.9% 18-21

Equity

€-297k

-2.9% 18-21

Working capital

€-216k

+2.3% 18-21

Debt

€395k

-19.8% 18-21

Debt ≤ 1y

€247k

+6.2% 18-21

Show 8 other metrics

Debt > 1y

€148k

-43.1% 18-21

Current ratio

0.13

+152.4% 18-21

Quick ratio

0.13

+152.4% 18-21

Solvency

-303.2%

-114.2% 18-21

Debt / equity

-1.33

-47.8% 18-21

ROE

2.8%

-97.3% 18-21

ROA

-8.6%

+94.3% 18-21

Interest coverage

1.59

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	-
EBITDA	€43k
Net profit	€-8k
Cash flow	€16k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€98k
Equity	€-297k
Debt	€395k
of which ≤ 1y	€247k
of which > 1y	€148k
Working capital	€-216k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	0.13
Quick ratio	0.13
Working capital ratio	-220.7%
Solvency	-303.2%
Debt / equity	-1.33
Long-term debt ratio	-0.50
Interest coverage	1.59
Gross margin	-
Net margin	-
ROA	-8.6%
ROE	2.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €67k · 68.3% Current assets €31k · 31.7%

Full annual accounts (21 line items)

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€98k
Fixed assets	21/28	€67k
Tangible fixed assets	22/27	€67k
Current assets	29/58	€31k
Amounts receivable within one year	40/41	€17k
Investments	50/53	€13k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€98k
Equity	10/15	€-297k
Contributions / capital	10/11	€19k
Accumulated profits (losses)	14	€-316k
Amounts payable	17/49	€395k
Amounts payable after one year	17	€148k
Amounts payable within one year	42/48	€247k
Trade debts payable within one year	44	€35k
Income statement
Gross operating margin	9900	€43k
Operating result	9901	€18k
Financial income	75	€0
Financial charges	65	€27k
Result before taxes	9903	€-8k
Net result for the period	9904	€-8k
Result to be appropriated	9905	€-8k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	Yves PYNAERT KORTRIJKSE HEERWEG 80, 8540 DEER- LIJK	26-03-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Landschapsverzorging(81300)
Legal form	Private limited company (pre-2019)(015)
Incorporation	10-03-2006
Status	Active
Postal code	8790
First BS signal	02-04-2024
Latest BS signal	02-04-2024

Establishment units 1 location

Tuinconcept Lieven

Spei 32, 8790 Waregemteelt van bloemen, snijbloemen en kamerplanten

since 20062.152.708.132

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.
34452B0415/00F000	Flanders	640 m²	1 · 191 m²	8.2 m · 1 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 11 events

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

2024

02-04-2024

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · TUINCONCEPT LIEVEN BV SPEI 32, 8790 WAREGEM · event 26-03-2024

2022

31-10-2022