BADINO
InactiveBADINO was declared bankrupt on 10-01-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 26-09-2023, published in the Belgian State Gazette on 03-10-2023.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 23-07-2022, 8 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
8 d early
2020
23 d late
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 22 days after the deadline; 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
Financials · fiscal year 2021, micro schema
Equity
€11,205▲ 90.3%
2020 · €5,887
Total assets
€29,999▲ 168%
2020 · €11,204
Net result
€5,318▲ 15.4%
2020 · €4,609
Working capital
-€2,675
2020 · €2,216
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€3,793--€4,107€5,472€6,535▲ 19.4%
Net result€2,922--€5,007€4,609€5,318▲ 15.4%
Equity€6,285-€1,278▼ 79.7%€5,887▲ 361%€11,205▲ 90.3%
Total assets€21,063-€10,667▼ 49.4%€11,204▲ 5.0%€29,999▲ 168%
Debt€14,778-€9,389▼ 36.5%€5,316▼ 43.4%€18,794▲ 254%
Working capital€5,455-€987▼ 81.9%€2,216▲ 125%-€2,675
Staff (FTE)0.1-0.1=0.1=1▲ 900%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 19% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €29,999
Fixed assets
€20,163 ▲ 449%
Current assets
€9,837 ▲ 30.6%
Equity and liabilities €29,999
Equity
€11,205 ▲ 90.3%
Debt
€18,794 ▲ 254%
Debt's share of the balance-sheet total rises from 47.5% to 62.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,171▲
2020 · €5,966
Cash flow
€9,954▲
2020 · €5,104
Current ratio
0.79▼
2020 · 1.42
Quick ratio
0.55▼
2020 · 0.63
Debt to equity
1.68
ROE
47.5%▼
2020 · 78.3%
ROA
17.7%▼
2020 · 41.1%
Interest coverage
8.83
Debt ≤ 1 year
€12,512▲
2020 · €5,316
Debt > 1 year
€6,282
Staff costs
€2,509
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €2,509 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,183 | €6,185 | €495 | €4,636 | ▲ 837% |
| Other operating charges640/8 | - | - | - | €1,715 | - |
| Gross operating margin9900 | €12,777 | €7,836 | €11,739 | €15,395 | ▲ 31.1% |
| Operating profit (loss)9901 | €3,793 | -€4,107 | €5,472 | €6,535 | ▲ 19.4% |
| Financial income75/76B | - | - | - | €48 | - |
| Recurring financial income75 | €5 | - | €45 | €48 | ▲ 7.8% |
| Financial charges65/66B | - | - | - | €1,266 | - |
| Recurring financial charges65 | €876 | €900 | €907 | €1,266 | ▲ 39.5% |
| Profit (loss) for the period before taxes9903 | €2,922 | -€5,007 | €4,609 | €5,318 | ▲ 15.4% |
| Profit (loss) for the period9904 | €2,922 | -€5,007 | €4,609 | €5,318 | ▲ 15.4% |
| Profit (loss) for the period to be appropriated9905 | €2,922 | -€5,007 | €4,609 | €5,318 | ▲ 15.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €21,063 | €10,667 | €11,204 | €29,999 | ▲ 168% |
| Fixed assets21/28 | €6,477 | €291 | €3,671 | €20,163 | ▲ 449% |
| Tangible fixed assets22/27 | €6,477 | €291 | €3,671 | €20,163 | ▲ 449% |
| Plant, machinery and equipment23 | - | - | - | €662 | - |
| Furniture and vehicles24 | - | - | - | €19,500 | - |
| Current assets29/58 | €14,587 | €10,376 | €7,533 | €9,837 | ▲ 30.6% |
| Stocks and contracts in progress3 | - | €7,363 | €4,175 | €2,926 | ▼ 29.9% |
| Stocks30/36 | - | - | - | €2,926 | - |
| Amounts receivable within one year40/41 | €280 | €235 | €192 | €3,728 | ▲ 1,838% |
| Trade receivables40 | - | - | - | €3,479 | - |
| Other amounts receivable41 | - | - | - | €249 | - |
| Cash at bank and in hand54/58 | €13,008 | €2,402 | €1,389 | €2,297 | ▲ 65.4% |
| Deferred charges and accrued income490/1 | - | - | - | €886 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €21,063 | €10,667 | €11,204 | €29,999 | ▲ 168% |
| Equity10/15 | €6,285 | €1,278 | €5,887 | €11,205 | ▲ 90.3% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | - |
| Reserves13 | €488 | €488 | €488 | €488 | = |
| Non-distributable reserves130/1 | - | - | - | €488 | - |
| Reserves not available under the articles1311 | - | - | - | €488 | - |
| Profit (loss) carried forward14 | -€12,752 | -€17,759 | -€13,150 | -€7,832 | ▲ 40.4% |
| Amounts payable17/49 | €14,778 | €9,389 | €5,316 | €18,794 | ▲ 254% |
| Amounts payable after more than one year17 | €5,646 | - | - | €6,282 | - |
| Financial debts170/4 | - | - | - | €6,282 | - |
| Amounts payable within one year42/48 | €9,132 | €9,389 | €5,316 | €12,512 | ▲ 135% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,284 | - |
| Trade debts44 | €715 | €3,551 | €633 | €5,793 | ▲ 816% |
| Suppliers440/4 | - | - | - | €5,793 | - |
| Taxes, remuneration and social security45 | - | - | - | €76 | - |
| Remuneration and social security454/9 | - | - | - | €76 | - |
| Other amounts payable47/48 | - | - | - | €1,359 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,922 | -€5,007 | €4,609 | €5,318 | ▲ 15.4% |
| + Depreciation and write-downs630 | €6,183 | €6,185 | €495 | €4,636 | ▲ 837% |
| Operating cash flow (approximation) | €9,106 | €1,178 | €5,104 | €9,954 | ▲ 95.0% |
| Investment in fixed assets (approximation) | - | €0 | -€3,874 | -€21,128 | ▼ 445% |
| Change in cash | - | -€10,605 | -€1,013 | €908 | ▲ 190% |
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
2023
03-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 26-09-2023
16-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 10-01-2023
2022
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €5,318 ▲15.4%
Operating result €6,535, net result €5,318, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Back to profitnet €4,609
Net result €4,609 after one loss-making year.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
31-12
Financial
Weakest financial yearnet -€5,007
Net result drops to -€5,007, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
17-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 17 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MAARTEN BENTEIN EDMOND TOLLENAERE-
STRAAT 56-76 B23, 1020 BRUSSEL 2- maart |
10-01-2023 → 26-09-2023 |