BA COMPANY
Open bankruptcyA bankruptcy procedure is open for BA COMPANY according to publications in the Belgian State Gazette; curator: WIM BOLLEN.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-12-2021, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
153 d late
2019
49 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Turnover
€376k
EBIT margin
1.3%
Net result
€5k▼ 86.0%
2019 · €32k
2019: €32k
2019 → 2020
Working capital
€4k
2019 · €-30k
2019: €-30k
2019 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020Trend
Turnover€376k
Equity€38k-€43k▲ 11.7%
Operating result€46k-€5k▼ 89.4%
Net result€32k-€5k▼ 86.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 89% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €324k
Fixed assets
€75k ▼ 28.4%
Current assets
€249k ▼ 0.7%
Equity and liabilities €324k
Equity
€43k ▲ 11.7%
Debt
€281k ▼ 11.4%
Debt's share of the balance-sheet total falls from 89.2% to 86.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▼
2019 · €90k
Cash flow
€36k▼
2019 · €76k
Current ratio
1.02▲
2019 · 0.89
Debt to equity
0.83▼
2019 · 0.93
ROE
10.5%▼
2019 · 83.9%
ROA
1.4%▼
2019 · 9.1%
Debt ≤ 1 year
€245k▼
2019 · €281k
Debt > 1 year
€36k=
2019 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 26 lines
Balance sheet
Code20192020
Assets
Total assets20/58€355k€324k▼
Fixed assets21/28€104k€75k▼
Tangible fixed assets22/27€52k€23k▼
Financial fixed assets28€52k€52k=
Current assets29/58€251k€249k▼
Amounts receivable within one year40/41€222k€244k▲
Cash at bank and in hand54/58€29k€5k▼
Equity and liabilities
Total equity and liabilities10/49€355k€324k▼
Equity10/15€38k€43k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Profit (loss) carried forward14€31k€35k▲
Amounts payable17/49€317k€281k▼
Amounts payable after more than one year17€36k€36k=
Amounts payable within one year42/48€281k€245k▼
Trade debts44€207k€144k▼
Income statement
Code20192020
Turnover70-€376k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€31k▼
Gross operating margin9900€273k€176k▼
Operating profit (loss)9901€46k€5k▼
Recurring financial income75€1-
Recurring financial charges65€460€378▼
Profit (loss) for the period before taxes9903€46k€5k▼
Income taxes67/77€13k-
Profit (loss) for the period9904€32k€5k▼
Profit (loss) for the period to be appropriated9905€32k€5k▼
Timeline · acts, filings and financial milestones
2023
16-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · BA COMPANY BV CONGRES- STRAAT 35, 1000 BRUSSEL · event 10-01-2023
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
SignalNBB filing
Directors · office · real estate
Directors
4 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM BOLLEN STEENWEG OP SINT-JORIS-WINGE 21,
3200 AARSCHOT |
10-01-2023 → present |