Summary
BADELCO has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2017 annual accounts show equity of €53,914 and a net result of -€2,112. Equity remains stable across the filed fiscal years (±0.5% per year). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
No current score
Figures too old
The available figures for FY 2017 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2017 · tick = 2016
Profitability30▼-11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2017Solvency, return and age of the figures
Solvency
76.8%
Return on assets
-3%
Age of the figures
105 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 25-06-2018, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2017, abbreviated schema
Equity
€53,914▼ 3.8%
2016 · €56,026
Total assets
€70,245▼ 4.6%
2016 · €73,655
Net result
-€2,112
2016 · €972
Working capital
€45,914▼ 18.0%
2016 · €56,026
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20132014201520162017
Operating result-€8,819-€3,066-€4,291€604-€2,494
Net result-€5,433-€2,682-€420€972-€2,112
Equity€52,793-€55,474▲ 5.1%€55,054▼ 0.8%€56,026▲ 1.8%€53,914▼ 3.8%
Total assets€77,671-€72,952▼ 6.1%€72,796▼ 0.2%€73,655▲ 1.2%€70,245▼ 4.6%
Debt€24,879-€17,478▼ 29.7%€17,742▲ 1.5%€17,629▼ 0.6%€16,331▼ 7.4%
Working capital€58,909-€57,005▼ 3.2%€55,054▼ 3.4%€56,026▲ 1.8%€45,914▼ 18.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2017: a loss of €2,494 after €604 in 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €70,245
Fixed assets
€7,999
Current assets
€62,245
Equity and liabilities €70,245
Equity
€53,914 ▼ 3.8%
Debt
€16,331 ▼ 7.4%
Debt's share of the balance-sheet total falls from 23.9% to 23.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€494
Cash flow
-€113
Current ratio
3.81▼
2016 · 4.18
ROE
-3.9%▼
2016 · 1.7%
ROA
-3.0%▼
2016 · 1.3%
Debt ≤ 1 year
€16,331▼
2016 · €17,629
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €2,000 | - |
| Gross operating margin9900 | -€7,808 | €3,780 | -€3,886 | €1,471 | €483 | ▼ 67.1% |
| Operating profit (loss)9901 | -€8,819 | €3,066 | -€4,291 | €604 | -€2,494 | ▼ 513% |
| Recurring financial income75 | €5,018 | €1,000 | €510 | €515 | €520 | ▲ 1.0% |
| Recurring financial charges65 | €1,632 | €1,385 | €389 | €147 | €139 | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | -€5,433 | €2,682 | -€420 | €972 | -€2,112 | ▼ 317% |
| Profit (loss) for the period9904 | -€5,433 | €2,682 | -€420 | €972 | -€2,112 | ▼ 317% |
| Profit (loss) for the period to be appropriated9905 | -€5,433 | €2,682 | -€420 | €972 | -€2,112 | ▼ 317% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77,671 | €72,952 | €72,796 | €73,655 | €70,245 | ▼ 4.6% |
| Fixed assets21/28 | - | - | - | - | €7,999 | - |
| Tangible fixed assets22/27 | - | - | - | - | €7,999 | - |
| Current assets29/58 | €77,671 | €72,952 | €72,796 | €73,655 | €62,245 | ▼ 15.5% |
| Amounts receivable within one year40/41 | €77,621 | €21,797 | €21,267 | €21,267 | €9,247 | ▼ 56.5% |
| Cash at bank and in hand54/58 | €50 | €155 | €19 | €363 | €453 | ▲ 25.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77,671 | €72,952 | €72,796 | €73,655 | €70,245 | ▼ 4.6% |
| Equity10/15 | €52,793 | €55,474 | €55,054 | €56,026 | €53,914 | ▼ 3.8% |
| Contributions10/11 | €38,424 | €38,424 | €38,424 | €38,424 | €38,424 | = |
| Reserves13 | €24,416 | €24,416 | €24,416 | €24,416 | €24,416 | = |
| Profit (loss) carried forward14 | -€10,047 | -€7,365 | -€7,786 | -€6,814 | -€8,926 | ▼ 31.0% |
| Amounts payable17/49 | €24,879 | €17,478 | €17,742 | €17,629 | €16,331 | ▼ 7.4% |
| Amounts payable after more than one year17 | €6,116 | €1,530 | - | - | - | - |
| Amounts payable within one year42/48 | €18,762 | €15,947 | €17,742 | €17,629 | €16,331 | ▼ 7.4% |
| Trade debts44 | €12,161 | €8,276 | €6,228 | €10,129 | €6,167 | ▼ 39.1% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,433 | €2,682 | -€420 | €972 | -€2,112 | ▼ 317% |
| + Depreciation and write-downs630 | - | - | - | - | €2,000 | - |
| Operating cash flow (approximation) | -€5,433 | €2,682 | -€420 | €972 | -€113 | ▼ 112% |
| Change in cash | - | €105 | -€136 | €344 | €91 | ▼ 73.6% |
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
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-12
Financial
Back to profitnet €972
Net result €972 after one loss-making year.
21-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-12
Financial
Back to profitnet €2,682
Net result €2,682 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
01-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
18-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
27-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
28-06
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
22-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
Financial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Blankenberge · 1 establishment unit since 1977
Ground area
186 m²
Building footprint
110 m²
Volume, LiDAR
2,361 m³
Parcel 31602A0859/00V024, Flanders · tallest building 26.6 m, ±8 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Establishment
since 19772.013.152.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31602A0859/00V024 | Flanders | 186 m² | 1 · 110 m² | 26.6 m · 8 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.
Identification & contact
Identification
Legal formPublic limited company
Founded15-03-1977
Fiscal year end31-12
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.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.