Ba-Dréno
Open bankruptcyA bankruptcy procedure is open for Ba-Dréno according to publications in the Belgian State Gazette; curator: CHARLOTTE SAS.
Summary
The 2023 annual accounts show equity of €81,342 and a net result of €13,661.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Mechelen division
- Declared bankrupt
- 12 May 2025
- Supervising judge
- Marie-Claire De Coninck
- Official Gazette
- 16-05-2025 (pdf) ↗search the document for 2025/120673
Deadlines
- Provisional date payments stopped
- 12 November 2024Moved back by judgment of 8 December 2025. Payments and security you received since that day can in some cases be challenged by the curator.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 31 May 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 11 June 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 7 July 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 12 May 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Charlotte SasIJzerenleen 57, 2800 Mechelencharlotte.sas@dlapiper.com
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Other building finishing work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
€62,083
EBIT margin
56.1%
Net result
€13,661▼ 46.6%
2022 · €25,587
Working capital
€71,658▲ 5.9%
2022 · €67,680
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202120222023
Turnover€62,083
Operating result€7,719-€43,028▲ 457%€34,854▼ 19.0%€25,427▼ 27.0%
Net result€7,876within the sector's middle half-€32,218above the sector's middle half▲ 309%€25,587within the sector's middle half▼ 20.6%€13,661within the sector's middle half▼ 46.6%
EBIT margin56.1%
Equity€9,876below the sector's middle half-€42,094within the sector's middle half▲ 326%€67,680within the sector's middle half▲ 60.8%€81,342within the sector's middle half▲ 20.2%
Total assets€12,306below the sector's middle half-€127,920within the sector's middle half▲ 940%€121,736within the sector's middle half▼ 4.8%€170,192within the sector's middle half▲ 39.8%
Debt€2,430-€85,826▲ 3,432%€54,055▼ 37.0%€88,850▲ 64.4%
Working capital€8,183below the sector's middle half-€41,901within the sector's middle half▲ 412%€67,680within the sector's middle half▲ 61.5%€71,658within the sector's middle half▲ 5.9%
Solvency80.3%above the sector's middle half-32.9%within the sector's middle half▼ 47.3pp55.6%within the sector's middle half▲ 22.7pp47.8%within the sector's middle half▼ 7.8pp
Current ratio4.37above the sector's middle half-1.49within the sector's middle half▼ 2.882.25within the sector's middle half▲ 0.761.81within the sector's middle half▼ 0.45
Return on assets (ROA)64.0%above the sector's middle half-25.2%above the sector's middle half▼ 38.8pp21.0%above the sector's middle half▼ 4.2pp8.0%within the sector's middle half▼ 13.0pp
Staff (FTE)0.8
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 27% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €170,192
Fixed assets
€9,684
Current assets
€160,508
Equity and liabilities €170,192
Equity
€81,342 ▲ 20.2%
Debt
€88,850 ▲ 64.4%
Debt's share of the balance-sheet total rises from 44.4% to 52.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27,793▼
2022 · €35,047
Cash flow
€16,027▼
2022 · €25,780
Debt to equity
1.09▲
2022 · 0.80
ROE
16.8%▼
2022 · 37.8%
Interest coverage
104.79▼
2022 · 293.67
Debt ≤ 1 year
€88,850▲
2022 · €54,055
Income taxes
€13,224▲
2022 · €9,148
Staff costs
€49,858
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €62,083 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €35,388 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €49,858 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,307 | €1,500 | €193 | €2,366 | ▲ 1,125% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €35,519 | - |
| Other operating charges640/8 | - | €1,879 | €2,143 | €5,299 | ▲ 147% |
| Gross operating margin9900 | €12,471 | €46,407 | €37,190 | €118,468 | ▲ 219% |
| Operating profit (loss)9901 | €7,719 | €43,028 | €34,854 | €25,427 | ▼ 27.0% |
| Financial income75/76B | - | €609 | - | €1,724 | - |
| Recurring financial income75 | €157 | €609 | - | €1,724 | - |
| Financial charges65/66B | - | €37 | €119 | €265 | ▲ 122% |
| Recurring financial charges65 | - | €37 | €119 | €265 | ▲ 122% |
| Profit (loss) for the period before taxes9903 | €7,876 | €43,600 | €34,734 | €26,885 | ▼ 22.6% |
| Income taxes67/77 | - | €11,382 | €9,148 | €13,224 | ▲ 44.6% |
| Profit (loss) for the period9904 | €7,876 | €32,218 | €25,587 | €13,661 | ▼ 46.6% |
| Profit (loss) for the period to be appropriated9905 | €7,876 | €32,218 | €25,587 | €13,661 | ▼ 46.6% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €12,306 | €127,920 | €121,736 | €170,192 | ▲ 39.8% |
| Fixed assets21/28 | €1,693 | €193 | €0 | €9,684 | - |
| Tangible fixed assets22/27 | €1,693 | €193 | €0 | €9,684 | - |
| Furniture and vehicles24 | - | €193 | €0 | €9,684 | - |
| Current assets29/58 | €10,613 | €127,726 | €121,736 | €160,508 | ▲ 31.8% |
| Amounts receivable within one year40/41 | €8,109 | €69,074 | €100,679 | €130,353 | ▲ 29.5% |
| Trade receivables40 | - | €3,217 | €24,122 | €90,136 | ▲ 274% |
| Other amounts receivable41 | - | €65,857 | €76,557 | €40,217 | ▼ 47.5% |
| Cash at bank and in hand54/58 | €2,504 | €58,045 | €21,057 | €30,155 | ▲ 43.2% |
| Deferred charges and accrued income490/1 | - | €607 | €0 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €12,306 | €127,920 | €121,736 | €170,192 | ▲ 39.8% |
| Equity10/15 | €9,876 | €42,094 | €67,680 | €81,342 | ▲ 20.2% |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €7,876 | €40,094 | €65,680 | €79,342 | ▲ 20.8% |
| Amounts payable17/49 | €2,430 | €85,826 | €54,055 | €88,850 | ▲ 64.4% |
| Amounts payable within one year42/48 | €2,430 | €85,826 | €54,055 | €88,850 | ▲ 64.4% |
| Trade debts44 | €2,430 | €71,877 | €33,525 | €35,731 | ▲ 6.6% |
| Suppliers440/4 | - | €71,877 | €33,525 | €35,731 | ▲ 6.6% |
| Advances received on contracts in progress46 | - | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €13,949 | €20,530 | €53,120 | ▲ 159% |
| Taxes450/3 | - | €13,949 | €20,530 | €46,086 | ▲ 124% |
| Remuneration and social security454/9 | - | - | - | €7,033 | - |
| Other amounts payable47/48 | - | €0 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,876 | €32,218 | €25,587 | €13,661 | ▼ 46.6% |
| + Depreciation and write-downs630 | €1,307 | €1,500 | €193 | €2,366 | ▲ 1,125% |
| Operating cash flow (approximation) | €9,183 | €33,718 | €25,780 | €16,027 | ▼ 37.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€12,050 | - |
| Change in cash | - | €55,541 | -€36,988 | €9,099 | ▲ 125% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
12-12
Bankruptcy
Date of cessation of payments moved back
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 08-12-2025
16-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 12-05-2025
06-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 159 days late
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 179 days late
2023
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 248 days late
2021
31-12
Financial
Highest result since 2020net €32,218 ▲309%
Operating result €43,028, net result €32,218, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Lier · 1 establishment unit since 2020
Ground area
325 m²
Building footprint
247 m²
Volume, LiDAR
2,153 m³
Parcel 12021G0866/00C000, Flanders · tallest building 18.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AQUASAN
since 20202.300.010.451
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12021G0866/00C000 | Flanders | 325 m² | 1 · 247 m² | 18.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLOTTE SAS IJZERENLEEN 57, 2800 MECHELEN- |
12-05-2025 → present |
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Of 7,302 companies in sector 43350 we hold annual accounts for 2,363. 1,997 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.