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ULUSOY

Active
Private limited company (pre-2019)·Overige werkzaamheden in verband met de afwerking van gebouwen· 14 yrs active
Ajuinmarktstraat 5 ·9050 Gent, Belgium
Open bankruptcy
KBO/BCE: BE 0844.981.747
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Belgian State Gazette acts: 0 of 5 read
Age14 yrs
Real estate1 parcel · 89 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for ULUSOY according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €77k and a net result of €69k.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 events
12-12-2023
Bankruptcy Opening
Date: 05-12-2023 · Ondernemingsrechtbank Gent, afdeling Gent · ULUSOY BV AJUINMARKT- STRAAT 5, 9050 GENTBRUGGE · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2020) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 12-08-2021, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 9 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2020, that is 31-07-2021.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 nothing on record not filed -
31-12-2020 31-07-2021 12-08-2021 12 d late 2021-47700311
31-12-2019 31-07-2020 28-07-2020 3 d early 2020-35100412
31-12-2018 31-07-2019 13-08-2019 13 d late 2019-45600299
31-12-2017 31-07-2018 06-08-2018 6 d late 2018-43900523
31-12-2016 31-07-2017 14-08-2017 14 d late 2017-43000030
31-12-2015 31-07-2016 15-08-2016 15 d late 2016-41800562
31-12-2014 31-07-2015 13-08-2015 13 d late 2015-41400242

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

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 Flags

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€69k+7.0%
Working capital€74k+6.1%
Directors1

Annual accounts & ratios

Source: NBB · 2020
Annual accounts filed on 12-08-2021 with the NBB · fiscal year 2020 · micro
€0€20k€40k€60kOperating result 2018: €41k€41kNet result 2018: €53k€53kOperating result 2019: €18k€18kNet result 2019: €65k€65kOperating result 2020: €7k€7kNet result 2020: €69k€69k201820192020
Operating resultNet result
Sector comparison
Fiscal year 2020 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 86.7% 38.2%
better than 94% of 1740 sector peers
Net result €5k €8k
better than 41% of 1734 sector peers
Equity €77k €39k
better than 69% of 1743 sector peers
Gross operating margin €10k €33k
better than 22% of 1732 sector peers
Total assets €89k €129k
better than 37% of 1741 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€9k
-53.4% 18-20
Net profit
€69k
+7.0% 18-20
Cash flow
€70k
+7.5% 18-20
Total assets
€89k
-11.9% 18-20
Equity
€77k
+6.2% 18-20
Working capital
€74k
+6.1% 18-20
Income taxes
€543
-82.8% 18-20
Debt
€12k
-58.2% 18-20
Show 6 other metrics
Debt ≤ 1y
€12k
-58.2% 18-20
Current ratio
7.25
+109.5% 18-20
Quick ratio
7.25
+109.5% 18-20
Solvency
86.7%
+20.6% 18-20
ROE
89.6%
+0.7% 18-20
ROA
77.6%
+21.5% 18-20
Figures by fiscal year
Fiscal year2020
Depositmicro
Revenue-
EBITDA€9k
Net profit€69k
Cash flow€70k
Staff costs-
Income taxes€543
Dividends-
Total assets€89k
Equity€77k
Debt€12k
of which ≤ 1y€12k
of which > 1y-
Working capital€74k
Employees (FTE)-
Ratios (computed)
2020
Current ratio7.25
Quick ratio7.25
Working capital ratio83.4%
Solvency86.7%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA77.6%
ROE89.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€89k
Fixed assets 21/28€3k
Tangible fixed assets 22/27€3k
Current assets 29/58€86k
Amounts receivable within one year 40/41€86k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€89k
Equity 10/15€77k
Reserves 13€67k
Accumulated profits (losses) 14€4k
Amounts payable 17/49€12k
Amounts payable within one year 42/48€12k
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€10k
Operating result 9901€7k
Financial income 75€1
Financial charges 65€2k
Result before taxes 9903€5k
Income taxes 67/77€543
Net result for the period 9904€5k
Result to be appropriated 9905€5k
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2020 · computed
23 / 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 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

1 director
5 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Former directors (1)
  • Hasanov Adnan
    Director
    State Gazette act 23022279 (15-02-2023)
    Former
    - → 12-12-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator LINSE DE LEEUW
BRUSSELSESTEENWEG 691, 9050 GENTBRUGGE
 05-12-2023 → present Belgian State Gazette

Legal Structure

NACE primary Overige werkzaamheden in verband met de afwerking van gebouwen(43350)
Legal form Private limited company (pre-2019)(015)
Incorporation01-04-2012
StatusActive
Postal code9050
First BS signal 12-12-2023
Latest BS signal 12-12-2023

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

1 location
ULUSOY
Ajuinmarktstraat 5, 9050 GentBouw van autowegen, straten en andere wegen en paden voor voertuigen en voetgangers (inclusief het plaatsen van vangrails)
since 20122.209.158.667
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area89 m²
Buildings1
Building footprint61 m²
Volume (LiDAR)451 m³
Tallest building12.8 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.
44032A0182/00H005 Flanders 89 m² 1 · 60 m² 12.8 m · 3 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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
12-12-2023
Bankruptcy Opening
Date: 05-12-2023 · Ondernemingsrechtbank Gent, afdeling Gent · ULUSOY BV AJUINMARKT- STRAAT 5, 9050 GENTBRUGGE · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-12-12 · 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
2023
15-02-2023 Hasanov Adnan resigns as director Director changes
  • Hasanov Adnan, Bestuurder

Analysis

Financial profile

5 of 5 axes measured
Health23Profitability100Solvency100Growth78Stability0
60 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 23
Profitability 100
Solvency 100
Growth 78
Stability 0

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 647 of the 7,250 companies in this sector. 524 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299
Primary activity highlighted.
Names & trade names
Legal nameNL ULUSOY
Registered office
Ajuinmarktstraat 5
9050 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.