ALBASH COMPANY
Open bankruptcyA bankruptcy procedure is open for ALBASH COMPANY according to publications in the Belgian State Gazette; curator: KRIS GOEMAN. The 2023 annual accounts show equity of €10k and a net result of €-4k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 11-12-2023, 41 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.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
41 d late
2022
3 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€10k▼ 28.5%
2022 · €14k
2022: €14k
2022 → 2023
Total assets
€30k▼ 27.6%
2022 · €41k
2022: €41k
2022 → 2023
Net result
€-4k
2022 · €11k
2022: €11k
2022 → 2023
Working capital
€-8k▲ 59.4%
2022 · €-20k
2022: €-20k
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Equity€14k-€10k▼ 28.5%
Operating result€11k-€-4k
Net result€11k-€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €4k after €11k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €30k
Fixed assets
€18k▼ 46.8%
Current assets
€12k▲ 56.5%
Equity and liabilities €30k
Equity
€10k▼ 28.5%
Debt
€20k▼ 27.2%
The debt ratio rises from 66.8% to 67.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▼
2022 · €26k
Cash flow
€12k▼
2022 · €26k
Solvency
32.8%▼
2022 · 33.2%
Current ratio
0.60▲
2022 · 0.28
Quick ratio
0.60▲
2022 · 0.28
Debt / equity
2.05▲
2022 · 2.01
ROE
-39.9%▼
2022 · 78.2%
ROA
-13.1%▼
2022 · 26.0%
Interest coverage
83.61▼
2022 · 1347.26
Debt
€20k▼
2022 · €28k
Debt ≤ 1 year
€20k▼
2022 · €28k
Staff costs
€23k▲
2022 · €466
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€41k€30k▼
Fixed assets21/28€34k€18k▼
Tangible fixed assets22/27€34k€18k▼
Plant, machinery and equipment23€15k€8k▼
Furniture and vehicles24€19k€10k▼
Current assets29/58€8k€12k▲
Amounts receivable within one year40/41€7k€6k▼
Trade receivables40€3k-
Other amounts receivable41€5k€6k▲
Cash at bank and in hand54/58€302€6k▲
Equity and liabilities
Total equity and liabilities10/49€41k€30k▼
Equity10/15€14k€10k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€11k€7k▼
Amounts payable17/49€28k€20k▼
Amounts payable within one year42/48€28k€20k▼
Trade debts44€26k€18k▼
Suppliers440/4€26k€18k▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48-€679
Income statement
Code20222023
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€466€23k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€28k€39k▲
Operating profit (loss)9901€11k€-4k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€19€144▲
Recurring financial charges65€19€144▲
Profit (loss) for the period before taxes9903€11k€-4k▼
Profit (loss) for the period9904€11k€-4k▼
Profit (loss) for the period to be appropriated9905€11k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€7k▼
Profit (loss) brought forward from the previous period14P-€11k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · ALBASH COMPANY BV RECHTSTRO 6/3, 9185 LOCHRISTI · event 05-05-2025
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
SignalNBB filing
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lochristi · 1 establishment unit since 2021
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.
Rechtstro 69185 LochristiGround area
578 m²
Building footprint
239 m²
Volume, LiDAR
1,327 m³
Parcel 44073D0780/00X000, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ALBASH COMPANY
since 20212.314.405.449
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44073D0780/00X000 | Flanders | 578 m² | 1 · 239 m² | 11.6 m · 1 fl. |
Linked by address, not proof of ownership
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KRIS GOEMAN LEOPOLDLAAN 15, 9200 DENDER-
MONDE |
05-05-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteLochristi2.314.405.449
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,784. 6,884 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-2021
Fiscal year end31-03
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.