Active BE 0846.771.891Private limited company (pre-2019)Open bankruptcy

BA CONCEPT

Steenweg op Mechelen 455 ·1950 Kraainem, Belgium· 14 yrs active

Sector: Land transport (49330)

Conclusion Checked

A bankruptcy procedure is open for BA CONCEPT according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €19k and a net result of €10k.

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

Key figures

Equity	€19k
Net result	€10k
Better than sector	85%
Active	14 yrs

Snowflake analysis 5 axes · computed by Checked

58 / 100

Mixed profile: strong on solvency, weaker on stability.

Health 41

Profitability 98

Solvency 100

Growth 50

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

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2021 · computed

41 / 100 Weak

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview8 NBB filings

Annual accounts filed on 18-07-2022 with the NBB · fiscal year 2021 · micro

Sector comparison

Fiscal year 2021 · NACE 49, Land transport · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	78.3%	30.9%	better than 85% of 678 sector peers
Net result	€10k	€5k	better than 61% of 666 sector peers
Equity	€19k	€19k	better than 51% of 679 sector peers
Gross operating margin	€21k	€21k	better than 50% of 665 sector peers
Total assets	€25k	€58k	better than 22% of 679 sector peers

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

Highlight YoY changes (±10%)

Fiscal year	2021
Revenue	€69k
EBITDA	€21k
Net profit	€10k
Cash flow	€16k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€25k
Equity	€19k
Debt	€5k
of which ≤ 1y	€5k
of which > 1y	-
Working capital	€17k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	4.12
Quick ratio	4.12
Working capital ratio	67.5%
Solvency	78.3%
Debt / equity	0.28
Long-term debt ratio	-
Interest coverage	97.66
Gross margin	30.9%
Net margin	13.9%
ROA	39.1%
ROE	49.9%
EBITDA margin	29.9%
Days sales outstanding	91d
Days payable outstanding	19d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €3k · 10.8% Current assets €22k · 89.2%

Equity & liabilities

Equity €19k · 78.4% Debt €5k · 21.7%

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	€25k
Fixed assets	21/28	€3k
Tangible fixed assets	22/27	€2k
Financial fixed assets	28	€460
Current assets	29/58	€22k
Amounts receivable within one year	40/41	€17k
Cash & bank	54/58	€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€25k
Equity	10/15	€19k
Contributions / capital	10/11	€19k
Accumulated profits (losses)	14	€622
Amounts payable	17/49	€5k
Amounts payable within one year	42/48	€5k
Trade debts payable within one year	44	€2k
Income statement
Turnover	70	€69k
Gross operating margin	9900	€21k
Operating result	9901	€14k
Financial income	75	€5
Financial charges	65	€211
Result before taxes	9903	€10k
Net result for the period	9904	€10k
Result to be appropriated	9905	€10k

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	WIM HEETHEM WATERLOOSESTEENWEG 412/F, 1050 BRUSSEL 5	25-06-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Land transport(49330)
Legal form	Private limited company (pre-2019)(015)
Incorporation	22-06-2012
Status	Active
Postal code	1950
First BS signal	01-07-2024
Latest BS signal	01-07-2024

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

BA CONCEPT

Grasmussenlaan 2, 1950 KraainemPersonenvervoer over de weg volgens dienstregeling

since 20122.211.478.254

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 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22002C0073/00N009	Flanders	1.1 ha	1 · 865 m²	42.8 m · 14 fl.
22002A0314/00Y012	Flanders	560 m²	1 · 56 m²	12.0 m · 4 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 9 events

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

2024

01-07-2024

Bankruptcy Opening

Ondernemingsrechtbank Brussel · BA CONCEPT BV STEENWEG OP MECHELEN 455/1, 1950 KRAAINEM · event 25-06-2024

2022

18-07-2022