Active BE 0428.621.917Coöperatieve vennootschap met beperkte aansprakelijkheidOpen bankruptcy

Van Sande & C°, Accountants

Nijverheidsstraat 70 ·2160 Wommelgem, Belgium· 40 yrs active

Sector: Overige fiscale dienstverlening (69209)

Conclusion Checked

A bankruptcy procedure is open for Van Sande & C°, Accountants according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-965k) and a net result of €-734k.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€-965k
Net result	€-734k
Better than sector	5%
Active	40 yrs

Financial profile 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

Growth 32

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 2023 · 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 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 24-09-2024 with the NBB · fiscal year 2023 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 69, Legal & accounting · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-533.4%	20.2%	better than 5% of 399 sector peers
Net result	€-734k	€99k	better than 5% of 399 sector peers
Equity	€-965k	€152k	better than 5% of 399 sector peers
Gross operating margin	€-10k	€445k	better than 5% of 399 sector peers
Employees (FTE)	0.0	4.5	better than 8% of 255 sector peers

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

EBITDA

€336k

+1783.7% 18-23

Net profit

€-734k

-57.6% 18-23

Cash flow

€-725k

-58.6% 18-23

Total assets

€181k

-50.7% 18-23

Equity

€-965k

-192.9% 18-23

Working capital

€-1.07M

-358.4% 18-23

Employees (FTE)

0

- 18-23

Income taxes

€785k

+41852.1% 18-23

Show 10 other metrics

Debt

€1.12M

+293.7% 18-23

Debt ≤ 1y

€1.07M

+351.3% 18-23

Debt > 1y

€46k

0.0% 18-23

Current ratio

0.00

-96.2% 18-23

Quick ratio

0.00

-96.2% 18-23

Solvency

-533.4%

-493.6% 18-23

Debt / equity

-1.16

-34.4% 18-23

ROE

76.1%

-46.2% 18-23

ROA

-405.7%

-219.3% 18-23

Interest coverage

55.91

+2810.8% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	verkort
Revenue	-
EBITDA	€336k
Net profit	€-734k
Cash flow	€-725k
Staff costs	-
Income taxes	€785k
Dividends	-
Total assets	€181k
Equity	€-965k
Debt	€1.12M
of which ≤ 1y	€1.07M
of which > 1y	€46k
Working capital	€-1.07M
Employees (FTE)	0.0

Ratios (computed)

	2023
Current ratio	0.00
Quick ratio	0.00
Working capital ratio	-590.3%
Solvency	-533.4%
Debt / equity	-1.16
Long-term debt ratio	-0.05
Interest coverage	55.91
Gross margin	-
Net margin	-
ROA	-405.7%
ROE	76.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €180k · 99.6% Current assets €647 · 0.4%

Full annual accounts (25 line items)

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

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€181k
Fixed assets	21/28	€180k
Tangible fixed assets	22/27	€180k
Financial fixed assets	28	€0
Current assets	29/58	€647
Amounts receivable within one year	40/41	€138
Cash & bank	54/58	€509
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€181k
Equity	10/15	€-965k
Contributions / capital	10/11	€25k
Reserves	13	€74k
Accumulated profits (losses)	14	€-1.16M
Provisions & deferred taxes	16	€31k
Amounts payable	17/49	€1.12M
Amounts payable after one year	17	€46k
Amounts payable within one year	42/48	€1.07M
Trade debts payable within one year	44	€753k
Income statement
Gross operating margin	9900	€-10k
Operating result	9901	€326k
Financial income	75	€545
Financial charges	65	€6k
Result before taxes	9903	€49k
Income taxes	67/77	€785k
Net result for the period	9904	€-734k
Result to be appropriated	9905	€-728k

This table shows the latest fiscal year. 4 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	JOOST PEETERS HAANTJESLEI 69A, 2018 ANTWERPEN 1	05-12-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Overige fiscale dienstverlening(69209)
Legal form	Coöperatieve vennootschap met beperkte aansprakelijkheid(008)
Incorporation	28-03-1986
Status	Active
Postal code	2160
First insolvency signal	11-12-2024
Latest insolvency signal	11-12-2024

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.
11052C0585/00T002	Flanders	1.0 ha	1 · 2,288 m²	14.7 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcel 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

11-12-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · VAN SANDE & C° , ACCOUN- TANTS CVBA NIJVERHEIDSSTRAAT 70, 2160 WOMMELGEM · event 05-12-2024

24-09-2024