Active BE 0554.707.465Private limited company (pre-2019)

VAN TIFFANY'S

Leuvensesteenweg 533 ·1930 Zaventem, Belgium· 12 yrs active

Sector: Groothandel in overige bouwmaterialen (46839)

Conclusion Checked

The KBO register records legal situation 050 for VAN TIFFANY'S (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show negative equity (€-41k) and a net result of €25k.

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

Key figures

Equity	€-41k
Net result	€25k
Better than sector	22%
Active	12 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

22 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 27

Solvency 43

Growth 39

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

0 / 100

Low 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.

Trust signals 1 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.

Administrative Flags 0 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 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 30-12-2022 with the NBB · fiscal year 2021 · micro

RevenueOperating resultNet result

Sector comparison

Fiscal year 2021 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-3.1%	26.3%	better than 22% of 1517 sector peers
Net result	€25k	€5k	better than 76% of 1519 sector peers
Equity	€-41k	€22k	better than 9% of 1522 sector peers
Gross operating margin	€95k	€19k	better than 86% of 1515 sector peers
Staff costs	€35k	€21k	higher than 62% of 401 sector peers

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

Revenue

€729k

-9.0% 18-21

EBITDA

€56k

+137.5% 18-21

Net profit

€25k

- 18-21

Cash flow

€46k

+46.9% 18-21

Total assets

€1.32M

+56.9% 18-21

Equity

€-41k

+38.1% 18-21

Working capital

€-110k

+14.1% 18-21

Staff costs

€35k

- 18-21

Income taxes

€10k

+19.2% 18-21

Debt

€1.36M

+49.9% 18-21

Debt ≤ 1y

€1.36M

+50.0% 18-21

Current ratio

0.92

+7.0% 18-21

Quick ratio

0.88

+2.5% 18-21

Solvency

-3.1%

+60.6% 18-21

Debt / equity

-32.98

- 18-21

ROE

-61.7%

- 18-21

ROA

1.9%

- 18-21

Net margin

3.5%

- 18-21

EBITDA margin

7.7%

- 18-21

Interest coverage

98.59

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	€729k
EBITDA	€56k
Net profit	€25k
Cash flow	€46k
Staff costs	€35k
Income taxes	€10k
Dividends	-
Total assets	€1.32M
Equity	€-41k
Debt	€1.36M
of which ≤ 1y	€1.36M
of which > 1y	-
Working capital	€-110k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	0.92
Quick ratio	0.88
Working capital ratio	-8.3%
Solvency	-3.1%
Debt / equity	-32.98
Long-term debt ratio	-
Interest coverage	98.59
Gross margin	12.4%
Net margin	3.5%
ROA	1.9%
ROE	-61.7%
EBITDA margin	7.7%
Days sales outstanding	575d
Days payable outstanding	771d
Inventory turnover	11.90
Days inventory (DSI)	31d

Balance-sheet composition 2021

Assets

Fixed assets €69k · 5.2% Current assets €1.25M · 94.8%

Full annual accounts

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.32M
Fixed assets	21/28	€69k
Tangible fixed assets	22/27	€69k
Current assets	29/58	€1.25M
Stocks & contracts in progress	3	€54k
Amounts receivable within one year	40/41	€1.19M
Cash & bank	54/58	€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.32M
Equity	10/15	€-41k
Contributions / capital	10/11	€19k
Reserves	13	€3k
Accumulated profits (losses)	14	€-63k
Amounts payable	17/49	€1.36M
Amounts payable within one year	42/48	€1.36M
Trade debts payable within one year	44	€1.35M
Income statement
Turnover	70	€729k
Gross operating margin	9900	€95k
Operating result	9901	€36k
Financial charges	65	€572
Result before taxes	9903	€36k
Income taxes	67/77	€10k
Net result for the period	9904	€25k
Result to be appropriated	9905	€25k

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Ratios computed by Checked.

Legal Structure

NACE primary	Groothandel in overige bouwmaterialen(46839)
Legal form	Private limited company (pre-2019)(015)
Incorporation	01-07-2014
Status	Active
Postal code	1930

Establishment units 1 location

Van Tiffany's

Leuvensesteenweg 533, 1930 ZaventemIsolatiewerkzaamheden

since 20142.232.512.903

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.
23772C0263/00A000	Flanders	2,672 m²	1 · 443 m²	7.1 m · 2 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 7 events

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

2022

30-12-2022