BADES TELECOM
ActiveSummary
The computed 12-month bankruptcy probability of BADES TELECOM is 1.6% (moderate). The 2024 annual accounts show equity of €12,136 and a net result of -€6,359. Equity is growing by ~55.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 26043 sector peers (fiscal year 2024). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency59▼-22
Growth66▼-9
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.69 against 2.69 in 2023; short-term debt: 58.6% and cash: 55.2% of total assets), but 65.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2024Solvency, return and age of the figures
Solvency
34.4%
Return on assets
-18%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-11-2025, 104 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
104 d late
2023
144 d late
2022
49 d late
2021
59 d late
2020
116 d late
2019
128 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 100 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€51,304▼ 21.3%
2022 · €65,159
EBIT margin
-12.2%▼ 24.5pp
2022 · 12.3%
Net result
-€6,359
2023 · €11,705
Working capital
€14,181▼ 31.0%
2023 · €20,540
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Turnover€61,505▼ 11.8%€68,783▲ 11.8%€65,159▼ 5.3%€51,304
Operating result€1,575▼ 50.9%€3,303▲ 110%€7,992▲ 142%€12,110▲ 51.5%-€6,285
Net result€1,277within the sector's middle half▼ 54.8%€3,159within the sector's middle half▲ 147%€7,864within the sector's middle half▲ 149%€11,705within the sector's middle half▲ 48.8%-€6,359below the sector's middle half
EBIT margin2.6%▼ 2.0pp4.8%▲ 2.2pp12.3%▲ 7.5pp-12.2%
Equity-€4,233below the sector's middle half▲ 23.2%-€1,075below the sector's middle half▲ 74.6%€6,790within the sector's middle half€18,495within the sector's middle half▲ 172%€12,136within the sector's middle half▼ 34.4%
Total assets€6,176below the sector's middle half▼ 3.0%€13,635below the sector's middle half▲ 121%€20,562below the sector's middle half▲ 50.8%€33,129below the sector's middle half▲ 61.1%€35,261below the sector's middle half▲ 6.4%
Debt€10,409▼ 12.4%€14,710▲ 41.3%€13,772▼ 6.4%€14,634▲ 6.3%€23,125▲ 58.0%
Working capital-€2,188within the sector's middle half▲ 36.9%€970within the sector's middle half€8,835within the sector's middle half▲ 811%€20,540within the sector's middle half▲ 132%€14,181within the sector's middle half▼ 31.0%
Solvency-68.5%below the sector's middle half▲ 18.0pp-7.9%below the sector's middle half▲ 60.7pp33.0%within the sector's middle half▲ 40.9pp55.8%within the sector's middle half▲ 22.8pp34.4%within the sector's middle half▼ 21.4pp
Current ratio0.72below the sector's middle half▲ 0.091.08within the sector's middle half▲ 0.361.78within the sector's middle half▲ 0.702.69within the sector's middle half▲ 0.911.69within the sector's middle half▼ 1.00
Return on assets (ROA)20.7%above the sector's middle half▼ 23.7pp23.2%above the sector's middle half▲ 2.5pp38.2%above the sector's middle half▲ 15.1pp35.3%above the sector's middle half▼ 2.9pp-18.0%below the sector's middle half▼ 53.4pp
Staff (FTE)11=1=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6,285 after €12,110 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35,261
Fixed assets
€434 =
Current assets
€34,827 ▲ 6.5%
Equity and liabilities €35,261
Equity
€12,136 ▼ 34.4%
Debt
€23,125 ▲ 58.0%
Debt's share of the balance-sheet total rises from 44.2% to 65.6%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
1.02▼
2023 · 1.58
Debt to equity
1.91▲
2023 · 0.79
ROE
-52.4%▼
2023 · 63.3%
Debt ≤ 1 year
€20,646▲
2023 · €12,155
Debt > 1 year
€2,479=
2023 · €2,479
Income taxes
€0▼
2023 · €282
Staff costs
€28,364▲
2023 · €25,809
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €61,505 | €68,783 | €65,159 | - | €51,304 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €46,050 | €38,350 | - | €29,119 | - |
| Remuneration, social security and pensions62 | - | €19,082 | €18,817 | €25,809 | €28,364 | ▲ 9.9% |
| Other operating charges640/8 | - | €348 | - | - | €105 | - |
| Gross operating margin9900 | €18,778 | €22,733 | €26,809 | €37,919 | €22,185 | ▼ 41.5% |
| Operating profit (loss)9901 | €1,575 | €3,303 | €7,992 | €12,110 | -€6,285 | ▼ 152% |
| Financial income75/76B | - | - | - | - | €78 | - |
| Recurring financial income75 | - | - | - | - | €78 | - |
| Financial charges65/66B | - | €144 | €128 | €123 | €152 | ▲ 23.9% |
| Recurring financial charges65 | €298 | €144 | €128 | €123 | €152 | ▲ 23.9% |
| Profit (loss) for the period before taxes9903 | €1,277 | €3,159 | €7,864 | €11,987 | -€6,359 | ▼ 153% |
| Income taxes67/77 | - | - | - | €282 | €0 | ▼ 100.0% |
| Profit (loss) for the period9904 | €1,277 | €3,159 | €7,864 | €11,705 | -€6,359 | ▼ 154% |
| Profit (loss) for the period to be appropriated9905 | €1,277 | €3,159 | €7,864 | €11,705 | -€6,359 | ▼ 154% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6,176 | €13,635 | €20,562 | €33,129 | €35,261 | ▲ 6.4% |
| Fixed assets21/28 | €434 | €434 | €434 | €434 | €434 | = |
| Financial fixed assets28 | €434 | €434 | €434 | €434 | €434 | = |
| Current assets29/58 | €5,742 | €13,201 | €20,128 | €32,695 | €34,827 | ▲ 6.5% |
| Stocks and contracts in progress3 | €2,000 | €3,500 | €4,700 | €13,499 | €13,849 | ▲ 2.6% |
| Stocks30/36 | - | €3,500 | €4,700 | €13,499 | €13,849 | ▲ 2.6% |
| Amounts receivable within one year40/41 | €689 | €290 | €490 | €2,768 | €1,498 | ▼ 45.9% |
| Trade receivables40 | - | - | €6 | €1,285 | €411 | ▼ 68.0% |
| Other amounts receivable41 | - | €290 | €484 | €1,483 | €1,087 | ▼ 26.7% |
| Cash at bank and in hand54/58 | €3,053 | €9,411 | €14,938 | €15,730 | €19,481 | ▲ 23.8% |
| Deferred charges and accrued income490/1 | - | - | - | €699 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6,176 | €13,635 | €20,562 | €33,129 | €35,261 | ▲ 6.4% |
| Equity10/15 | -€4,233 | -€1,075 | €6,790 | €18,495 | €12,136 | ▼ 34.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€22,833 | -€19,675 | -€11,810 | -€105 | -€6,464 | ▼ 6,075% |
| Amounts payable17/49 | €10,409 | €14,710 | €13,772 | €14,634 | €23,125 | ▲ 58.0% |
| Amounts payable after more than one year17 | €2,479 | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Other amounts payable178/9 | - | €2,479 | €2,479 | €2,479 | €2,479 | = |
| Amounts payable within one year42/48 | €7,930 | €12,231 | €11,293 | €12,155 | €20,646 | ▲ 69.9% |
| Trade debts44 | €727 | €5,259 | €4,801 | €2,366 | €3,816 | ▲ 61.3% |
| Suppliers440/4 | - | €5,259 | €4,801 | €2,366 | €3,816 | ▲ 61.3% |
| Taxes, remuneration and social security45 | - | €6,972 | €6,492 | €9,789 | €16,830 | ▲ 71.9% |
| Taxes450/3 | - | €2,109 | €2,354 | €1,784 | €3,583 | ▲ 101% |
| Remuneration and social security454/9 | - | €4,863 | €4,138 | €8,005 | €13,247 | ▲ 65.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,277 | €3,159 | €7,864 | €11,705 | -€6,359 | ▼ 154% |
| Operating cash flow (approximation) | €1,277 | €3,159 | €7,864 | €11,705 | -€6,359 | ▼ 154% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €6,358 | €5,527 | €792 | €3,751 | ▲ 374% |
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
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 104 days late
2024
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 144 days late
2023
31-12
Financial
Highest result since 2018net €11,705 ▲48.8%
Operating result €12,110, net result €11,705, both a record.
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 116 days late
2020
06-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 128 days late
2019
31-12
Financial
Back to profitnet €2,824
Net result €2,824 after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 2001
Ground area
109 m²
Building footprint
91 m²
Volume, LiDAR
1,275 m³
Parcel 21443C0041/00G000, Brussels · tallest building 20.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BADES TELECOM TELEPHONE INTERNET FAX PHOTOCOPIE
since 20012.094.421.030
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0041/00G000 | Brussels | 109 m² | 1 · 91 m² | 20.3 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.094.421.030
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Of 3,224 companies in sector 47400 we hold annual accounts for 1,808. 994 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 (pre-2019)
Founded12-06-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
47110Non-specialised retail sale with food, beverages or tobacco predominating
47252Retail sale of beverages, general range
61100Wired, wireless and satellite telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474977623
Also
9925:BE0474977623
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.