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Ypres Burger

Active
Grote Markt 31 ·8900 Ieper, Belgium
Open bankruptcy
KBO/BCE: BE 0784.358.430
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Age4 yrs
Staff (FTE)2.1
Real estate1 parcel · 103 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for Ypres Burger according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-27k) and a net result of €-47k.

Based on the State Gazette, CBE and 1 annual account.

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
15-01-2025
Bankruptcy Opening
Date: 10-01-2025 · Ondernemingsrechtbank Gent, afdeling Ieper · BV YPRES BURGER GROTE MARKT 31, 8900 IEPER · Publications in State Gazette ↗

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-07-2024, 20 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. 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 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2023 31-07-2024 11-07-2024 20 d early 2024-00237389

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€-47k
Working capital€-72k
Directors1

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 11-07-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -16.8% 16.7%
better than 25% of 4791 sector peers
Net result €-47k €2k
better than 7% of 4780 sector peers
Equity €-27k €11k
better than 14% of 4805 sector peers
Gross operating margin €154k €42k
better than 82% of 4763 sector peers
Staff costs €138k €47k
higher than 81% of 3406 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2023
Depositmicro
Revenue-
EBITDA€7k
Net profit€-47k
Cash flow€-3k
Staff costs€138k
Income taxes-
Dividends-
Total assets€162k
Equity€-27k
Debt€190k
of which ≤ 1y€106k
of which > 1y€83k
Working capital€-72k
Employees (FTE)2.1
Ratios (computed)
2023
Current ratio0.32
Quick ratio0.27
Working capital ratio-44.4%
Solvency-16.8%
Debt / equity-6.96
Long-term debt ratio-3.06
Interest coverage0.67
Gross margin-
Net margin-
ROA-29.1%
ROE173.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€162k
Fixed assets 21/28€128k
Intangible fixed assets 21€54k
Tangible fixed assets 22/27€74k
Current assets 29/58€34k
Stocks & contracts in progress 3€5k
Amounts receivable within one year 40/41€8k
Cash & bank 54/58€18k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€162k
Equity 10/15€-27k
Contributions / capital 10/11€20k
Accumulated profits (losses) 14€-47k
Amounts payable 17/49€190k
Amounts payable after one year 17€83k
Amounts payable within one year 42/48€106k
Trade debts payable within one year 44€57k
Income statement
Gross operating margin 9900€154k
Operating result 9901€-37k
Financial income 75€48
Financial charges 65€10k
Result before taxes 9903€-47k
Net result for the period 9904€-47k
Result to be appropriated 9905€-47k
Ratios computed by Checked.

Health barometer

FY 2023 · computed
0 / 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.

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Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

1 director
Former directors (1)
  • KINOO Evelyne
    Director
    State Gazette act 24019633 (31-01-2024)
    Former
    - → 31-12-2023
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 ALAIN VANRYCKEGHEM
RIJSELSTRAAT 132, 8900 IEPER
 10-01-2025 → present Belgian State Gazette

Legal Structure

NACE primary Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden(56112)
Legal form Private limited company(610)
Incorporation01-04-2022
StatusActive
Postal code8900
First BS signal 15-01-2025
Latest BS signal 15-01-2025

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

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Grote Markt 318900 Ieper

Establishment units

1 location
Ypres Burger
Grote Markt 31, 8900 IeperEetgelegenheden met beperkte bediening
since 20222.329.895.656
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area103 m²
Buildings1
Building footprint91 m²

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.
33011H0352/00A000 Flanders 103 m² 1 · 91 m² -
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
15-01-2025
Bankruptcy Opening
Date: 10-01-2025 · Ondernemingsrechtbank Gent, afdeling Ieper · BV YPRES BURGER GROTE MARKT 31, 8900 IEPER · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-01-15 · 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 2 years ago
2024
31-01-2024 KINOO Evelyne resigns as director Director changes
  • KINOO Evelyne, Bestuurder

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability100Solvency33Growth-Stability0
33 / 100

Fragile profile, watch health in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 0
Profitability 100
Solvency 33
Growth -
Stability 0

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

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 2,913 of the 21,774 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112
Primary activity highlighted.
Names & trade names
Legal nameNL Ypres Burger
Registered office
Grote Markt 31
8900 Ieper, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.