B.A. CONSTRUCT

Inactive KBO/BCE: BE 0646.693.456

B.A. CONSTRUCT

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Overview

Lifetime

4 annual accounts with figures on one time axis

Gross marginpeak €46,249 (2018)

€2,970▼ 93.6%

Resultlowest -€14,158 (2019)

-€14,158▼ €25,561

Equitypeak €21,259 (2018)

€7,101▼ 66.6%

Debts

€245,137▲ 72.3%

Staffpeak 1 FTE (2018)

1 FTEunchanged

Board2 names since 2021

Documentsfilings and deeds

22-10-202083 days late

2019micro format

Turnover from €485,552 to €359,222Gross margin from €46,249 to €2,970Loss of €14,158Equity from €21,259 to €7,101Debts from €142,302 to €245,137Cash from €0 to €14,168

Key points

from the 2019 annual accounts, the last ones filed

Debts

€245,137 97% of the balance sheet

Payment terms

196 days from customers

Customers

123 to 196

Customers pay 73 days later.

Filings

4 annual accounts 4 late

The 2019 accounts came latest: 83 days after the end of the period.

No score

Board and ownership

last known board

Benkahla Aj

Director, until 2021

Board & ownership

Recent changes

11-01-2023

Bankruptcy closure (insufficient assets) French-language Enterprise Court of Brussels · judgment of 03-01-2023 · Bankruptcy

29-12-2021

Bankruptcy published French-language Enterprise Court of Brussels · judgment of 21-12-2021 · Bankruptcy

16-04-2021

Registered office moved from Souvret to Molenbeek-Saint-Jean New registered office: Rue Birmingham 99 à 1080 Molenbeek-Saint-Jean · Previous registered office: RUE DE LA LIBERATION 21 0/1 6182 SOUVRET · Resignation: Benkahla Aj (manager) · General meeting of 18-03-2021 · Gazette deed

27-01-2016

Incorporation 3 publications in the Belgian Official Gazette, the last on 16-04-2021 · Gazette deed

All 11 events

Official details

Source: KBO

Status: Inactivedeed of incorporation of 27-01-2016 · bankruptcy closed on 03-01-2023
Activity: No activity registered in the KBO
Financial year end: 31 December
Peppol: Not found in the Peppol Directory

Company details

Annual accounts 2019

Turnover: €359,222▼ 26.0%
Loss: €14,158
Equity: €7,101▼ 66.6%
Total assets: €252,238▲ 54.2%
Staff: 1 FTE=
Filing: Filed on 22-10-2020

Financials

Insights on B.A. CONSTRUCT

Equity fell from €21,259 in 2018 to €7,101 in 2019, while debts rose from €142,302 to €245,137.

On 21 December 2021 the court declared B.A. CONSTRUCT bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2019

micro format, filed on 22-10-2020, 83 days late

Turnover

€359,222

▼ 26.0%

Operating result

-€12,722

▼ €29,170

EBITDA

Cash flow

Solvency

2.8%

▼ 10.2 percentage points

Current ratio

1.03

▼ 0.12

Money flows

of every €100 of turnover, €3.94 was lost in 2019

Balance sheet

balance sheet total €252,238 on 31-12-2019

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE€15,244

Staff costs divided by the average number of full-time equivalents.

Blue and white collar1 blue-collar

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2019	2018	2017	2016
Balance sheet: assets
Total assets`20/58`	252,238	163,561	74,175	16,479
Fixed assets`21/28`	93	93	93	-
Financial fixed assets`28`	93	93	93	-
Current assets`29/58`	252,144	163,468	74,081	16,479
Stocks and contracts in progress`3`	45,000	-	26,000	16,000
Stocks`30/36`	45,000	-	26,000	16,000
Amounts receivable within one year`40/41`	192,977	163,467	42,735	266
Trade receivables`40`	166,359	145,812	31,904	-
Other amounts receivable`41`	26,618	17,655	10,831	266
Cash at bank and in hand`54/58`	14,168	0	5,347	213
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	252,238	163,561	74,175	16,479
Equity`10/15`	7,101	21,259	19,857	11,711
Contributions`10/11`	12,700	12,700	12,700	12,700
Issued capital`100`	18,600	18,600	18,600	18,600
Uncalled capital`101`	5,900	5,900	5,900	5,900
Reserves`13`	1,270	1,270	1,270	-
Legal reserve`130`	1,270	1,270	1,270	-
Profit (loss) carried forward`14`	-6,869	7,289	5,887	-989
Amounts payable`17/49`	245,137	142,302	54,318	4,768
Amounts payable within one year`42/48`	245,137	142,302	54,318	4,768
Trade debts`44`	204,517	108,815	44,412	296
Suppliers`440/4`	204,517	108,815	44,412	296
Taxes, remuneration and social security`45`	27,385	20,253	6,595	4,124
Remuneration and social security`454/9`	27,385	20,253	6,595	4,124
Other amounts payable`47/48`	13,234	13,234	3,311	348
Income statement
Turnover`70`	359,222	485,552	168,474	-
Gross operating margin`9900`	2,970	46,249	17,544	580
Goods, raw materials, services and sundry goods`60/61`	401,254	413,559	160,935	15,420
Remuneration, social security and pensions`62`	15,244	26,882	8,369	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	922
Other operating charges`640/8`	447	2,919	454	648
Operating profit (loss)`9901`	-12,722	16,449	8,721	-989
Financial income`75/76B`	-	1	0	-
Recurring financial income`75`	-	1	0	-
Financial charges`65/66B`	1,437	2,118	576	-
Recurring financial charges`65`	1,437	2,118	576	-
Profit (loss) for the period before taxes`9903`	-14,158	14,331	8,146	-989
Income taxes`67/77`	-	2,929	-	-
Profit (loss) for the period`9904`	-14,158	11,403	8,146	-989
Profit (loss) for the period to be appropriated`9905`	-14,158	11,403	8,146	-989
Appropriation of the result
Profit (loss) to be appropriated`9906`	-6,869	17,289	7,157	-989
Transfer to equity`691/2`	-	-	1,270	-
To the legal reserve`6920`	-	-	1,270	-
Profit to be distributed`694/7`	-	10,000	-	-
Directors or managers`695`	-	10,000	-	-
Social balance sheet
Average staff (FTE)`9087`	1	1	0.3	-
Hours worked`1013`	472	1,084	320	-
Document	PDF	PDF	PDF	PDF

Source: Annual accounts 2019 (PDF), filed on 22-10-2020.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2019 annual accounts filed 83 days after the deadline. Filed on 22 October 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-62600428.

Financial year	Type	Filed	Reference	Document
31-12-2019	micro format	22-10-2020	2020-62600428	PDF
31-12-2018	full format	29-08-2019	2019-62000275	PDF
31-12-2017	full format	10-08-2018	2018-45300473	PDF
31-12-2016	full format	29-09-2017	2017-65200460	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2019	2018	2017	2016
EBITDA	-	-	-	-68
Cash flow	-	-	-	-68
Investment in fixed assets	-	-	93	-
Change in cash	14,167	-5,346	5,134	-
Working capital	7,007	21,166	19,763	11,711
EBIT margin	-3.5%	3.4%	5.2%	-
Solvency	2.8%	13.0%	26.8%	71.1%
Current ratio	1.03	1.15	1.36	3.46
Quick ratio	0.85	1.15	0.89	0.10
Debt to equity	34.52	6.69	2.74	0.41
ROE	-199.4%	53.6%	41.0%	-8.4%
ROA	-5.6%	7.0%	11.0%	-6.0%
Customer credit	169 days	110 days	69 days	-
Supplier credit	186 days	96 days	101 days	7 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on B.A. CONSTRUCT

The operating result for 2019 is a loss of €12,722, after a profit of €16,449 in 2018. It is the lowest result since 2016.

Debt's share of the balance-sheet total rises from 87.0% to 97.2%. Equity is lower and debt is higher.

Board & ownership

Curator

1 mandate

Jacques Piron

Curator, Avenue De La Toison D’Or 77, 1060 Bruxelles 6

from 21-12-2021 to 03-01-2023

Also on 211 other cases

Last board

1 office holder, last change in 2021

Anas EL BISSARI

Manager

appointed by deed of 16-04-2021

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Anas EL BISSARI
Manager

Benkahla Aj
Manager

Other functionEarliermandate already running before its first mentionBankruptcy 21-12-2021

Mandates as a list

Anas EL BISSARI
- Manager, appointed by deed of 16-04-2021, until the bankruptcy of 21-12-2021
Benkahla Aj
- Manager, until 16-04-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital: €12,700
Source: 2019 annual accounts

Network & group

No group

B.A. CONSTRUCT has no parent and no holdings in its annual accounts. B.A. CONSTRUCT shares no director with another company.

Timeline

11 events since 2016

Board

Filings

Financial

Insolvency

Address

201620182020202220242026

2023

11-01-2023

Bankruptcy closure (insufficient assets) French-language Enterprise Court of Brussels · judgment of 03-01-2023

2021

29-12-2021

Bankruptcy published French-language Enterprise Court of Brussels · judgment of 21-12-2021

16-04-2021

Registered office moved from Souvret to Molenbeek-Saint-JeanNew registered office: Rue Birmingham 99 à 1080 Molenbeek-Saint-Jean · Previous registered office: RUE DE LA LIBERATION 21 0/1 6182 SOUVRET · Resignation: Benkahla Aj (manager) · General meeting of 18-03-20214 points ▸

General meeting, 18-03-2021
Registered-office move, Rue Birmingham 99 à 1080 Molenbeek-Saint-Jean
Director resignation, Benkahla Aj (manager)
Director appointment, Anas EL BISSARI (manager)

Open the deed in the Belgian Official Gazette

2020

22-10-2020

Annual accounts 2019 filed PDFmicro format · 83 days late

2019

31-12-2019

Weakest financial year net -€14,158 The net result drops to -€14,158, the lowest from 2016 to 2019.

29-08-2019

Annual accounts 2018 filed PDFfull format · 29 days late

2018

31-12-2018

Highest result from 2016 to 2019 net €11,403 ▲40% The operating result of €16,449 and the net result of €11,403 are both a record.

10-08-2018

Annual accounts 2017 filed PDFfull format · 10 days late

2017

31-12-2017

Back to profit net €8,146 The net result is €8,146, after one loss-making year.

29-09-2017

Annual accounts 2016 filed PDFfull format · 60 days late

2016

27-01-2016

Incorporation PDF3 publications in the Belgian Official Gazette, the last on 16-04-2021

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

The registered office was moved to Molenbeek-Saint-Jean in 2021.¹ B.A. CONSTRUCT has filed 4 sets of annual accounts, the latest for financial year 2019.² The bankruptcy of the company was declared on 21 December 2021 and closed on 3 January 2023.³⁴

Company details

Inactive

B.A. CONSTRUCT is no longer in the KBO register.

Last annual accounts: financial year to 31 December 2019
Last registered office: Rue De La Liberation 21/0/1, 6182 Souvretas published on 16 April 2021
Legal form: Private limited company (pre-2019)
First annual accounts: financial year 2016

Official KBO record