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BADR

Active
Private limited companyfounded 199531 yrs activeMaria-Christinastraat 199, 1020 Brussel, BelgiumKBO/BCE: BE 0455.806.958
Summary

The computed 12-month bankruptcy probability of BADR is 1.5% (moderate). The 2024 annual accounts show equity of €1.9m and a net result of €242,603. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 90% of 6537 sector peers (fiscal year 2024). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability81▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 3.48 against 3.3 in 2023; short-term debt: 22.4% and cash: 72.7% of total assets), and 22.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 31 years 0 40 y
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
77.6%
Return on assets
10%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
21 d late
2023
12 d late
2022
32 d late
2021
30 d late
2020
19 d late
2019
56 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 28 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 August 1995, BADR was incorporated.1 Total assets went from EUR 1.3 million in 2018 to EUR 2.4 million in 2024 and headcount from 11.7 full-time equivalents in 2018 to 395,305 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2023 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€4.2m
EBIT margin
2.9%
Net result
€242,603▼ 16.6%
2023 · €290,727
Working capital
€1.3m▲ 28.0%
2023 · €1.0m
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
Line20202021202220232024
Turnover€4.2m
Operating result€298,559▲ 128%€144,950▼ 51.5%€120,694▼ 16.7%€290,780▲ 141%€324,049▲ 11.4%
Net result€309,881▲ 127%€69,784▼ 77.5%€70,215▲ 0.6%€290,727▲ 314%€242,603▼ 16.6%
EBIT margin2.9%
Equity€1.2m▲ 33.1%€1.3m▲ 5.6%€1.4m▲ 5.3%€1.6m▲ 18.3%€1.9m▲ 14.8%
Total assets€1.8m▲ 30.0%€1.9m▲ 7.2%€1.8m▼ 2.6%€2.1m▲ 14.3%€2.4m▲ 15.6%
Debt€511,584▲ 22.9%€567,780▲ 11.0%€449,376▼ 20.9%€458,886▲ 2.1%€542,804▲ 18.3%
Working capital€501,904▲ 276%€629,410▲ 25.4%€702,847▲ 11.7%€1.0m▲ 49.4%€1.3m▲ 28.0%
Staff (FTE)12.3▼ 7.5%12.3=11.4▼ 7.3%395,305.4▲ 3,467,491%0▼ 100%
Result per fiscal year
Operating resultNet result
€0€100,000€200,000€300,000Operating result 2020: €298,559€298,559Net result 2020: €309,881€309,881Operating result 2021: €144,950€144,950Net result 2021: €69,784€69,784Operating result 2022: €120,694€120,694Net result 2022: €70,215€70,215Operating result 2023: €290,780€290,780Net result 2023: €290,727€290,727Operating result 2024: €324,049€324,049Net result 2024: €242,603€242,60320202021202220232024€0€100,000€200,000€300,000Operating result 2022: €120,694€121,000Net result 2022: €70,215€70,200Operating result 2023: €290,780€291,000Net result 2023: €290,727€291,000Operating result 2024: €324,049€324,000Net result 2024: €242,603€243,000202220232024
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 11% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.4m
Fixed assets €536,486 ▼ 9.3%
Current assets €1.9m ▲ 25.3%
Equity and liabilities €2.4m
Equity €1.9m ▲ 14.8%
Debt €542,804 ▲ 18.3%
Debt's share of the balance-sheet total rises from 21.9% to 22.4%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€435,740▲
2023 · €403,345
Cash flow
€354,295▼
2023 · €403,292
Current ratio
3.48▲
2023 · 3.30
Quick ratio
3.29▲
2023 · 2.99
Debt to equity
0.29▲
2023 · 0.28
ROE
12.9%▼
2023 · 17.7%
ROA
10.0%▼
2023 · 13.9%
Interest coverage
12.57▼
2023 · 14.18
Debt ≤ 1 year
€542,804▲
2023 · €455,886
Income taxes
€77,003▲
2023 · €14,264
Staff costs
€425,072▲
2023 · €395,305
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 20,082 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.1m€2.4m▲
Fixed assets21/28€591,194€536,486▼
Intangible fixed assets21€12,375€9,900▼
Tangible fixed assets22/27€554,819€502,586▼
Land and buildings22€312,500€287,500▼
Plant, machinery and equipment23€116,625€89,565▼
Furniture and vehicles24€10,644€45,334▲
Other tangible fixed assets26€115,050€80,186▼
Financial fixed assets28€24,000€24,000=
Current assets29/58€1.5m€1.9m▲
Stocks and contracts in progress3€143,594€99,705▼
Stocks30/36€143,594€99,705▼
Amounts receivable within one year40/41€2,181€330▼
Trade receivables40€2,181€330▼
Cash at bank and in hand54/58€1.4m€1.8m▲
Deferred charges and accrued income490/1€6,706€25,014▲
Equity and liabilities
Total equity and liabilities10/49€2.1m€2.4m▲
Equity10/15€1.6m€1.9m▲
Reserves13€1.2m€1.6m▲
Non-distributable reserves130/1€495,000€495,000=
Reserves not available under the articles1311€495,000€495,000=
Distributable reserves133€749,961€1.1m▲
Profit (loss) carried forward14€393,005€242,603▼
Amounts payable17/49€458,886€542,804▲
Amounts payable within one year42/48€455,886€542,804▲
Trade debts44€357,622€416,826▲
Suppliers440/4€357,622€416,826▲
Taxes, remuneration and social security45€98,263€125,978▲
Taxes450/3€16,118€10,568▼
Remuneration and social security454/9€82,146€115,410▲
Accrued charges and deferred income492/3€3,000-
Income statement Code20232024
Remuneration, social security and pensions62€395,305€425,072▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112,565€111,691▼
Other operating charges640/8€18,806€21,911▲
Gross operating margin9900€817,456€882,723▲
Operating profit (loss)9901€290,780€324,049▲
Financial income75/76B€42,656€39,432▼
Recurring financial income75€37,724€39,432▲
Non-recurring financial income76B€4,932-
Financial charges65/66B€28,444€43,874▲
Recurring financial charges65€28,444€34,660▲
Non-recurring financial charges66B-€9,215
Profit (loss) for the period before taxes9903€304,992€319,607▲
Income taxes67/77€14,264€77,003▲
Profit (loss) for the period9904€290,727€242,603▼
Profit (loss) for the period to be appropriated9905€290,727€242,603▼
Appropriation of the result
Profit (loss) to be appropriated9906€393,005€242,603▼
Profit (loss) brought forward from the previous period14P€102,278€0▼
Transfer from equity791/2€0-
Transfer to equity691/2€450,000-
To the legal reserve6920€450,000-
Shareholders' contribution to the loss794€450,000-
Social balance
Average headcount (FTE)9087395,305.40.0▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70--€4.2m---
Non-recurring operating income76A--€35,921---
Goods, raw materials, services and sundry goods60/61--€3.6m---
Remuneration, social security and pensions62-€398,500€391,721€395,305€425,072▲ 7.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98,276€99,400€98,060€112,565€111,691▼ 0.8%
Other operating charges640/8-€8,864€26,404€18,806€21,911▲ 16.5%
Gross operating margin9900€807,789€651,713€636,879€817,456€882,723▲ 8.0%
Operating profit (loss)9901€298,559€144,950€120,694€290,780€324,049▲ 11.4%
Financial income75/76B-€36,351€11,176€42,656€39,432▼ 7.6%
Recurring financial income75€20,569€28,500€2,446€37,724€39,432▲ 4.5%
Non-recurring financial income76B-€7,851€8,730€4,932--
Financial charges65/66B-€21,712€24,715€28,444€43,874▲ 54.2%
Recurring financial charges65€18,336€21,712€24,715€28,444€34,660▲ 21.9%
Non-recurring financial charges66B----€9,215-
Profit (loss) for the period before taxes9903€354,774€159,588€107,155€304,992€319,607▲ 4.8%
Income taxes67/77€44,893€89,804€36,941€14,264€77,003▲ 440%
Profit (loss) for the period9904€309,881€69,784€70,215€290,727€242,603▼ 16.6%
Profit (loss) for the period to be appropriated9905€309,881€69,784€70,215€290,727€242,603▼ 16.6%
Line20202021202220232024Change
Assets
Total assets20/58€1.8m€1.9m€1.8m€2.1m€2.4m▲ 15.6%
Fixed assets21/28€743,056€685,335€683,064€591,194€536,486▼ 9.3%
Intangible fixed assets21€49,800€37,325€24,850€12,375€9,900▼ 20.0%
Tangible fixed assets22/27€669,256€624,010€634,214€554,819€502,586▼ 9.4%
Land and buildings22-€362,500€337,500€312,500€287,500▼ 8.0%
Plant, machinery and equipment23-€53,634€133,234€116,625€89,565▼ 23.2%
Furniture and vehicles24-€34,766€23,511€10,644€45,334▲ 326%
Other tangible fixed assets26-€173,109€139,968€115,050€80,186▼ 30.3%
Financial fixed assets28€24,000€24,000€24,000€24,000€24,000=
Current assets29/58€1.0m€1.2m€1.2m€1.5m€1.9m▲ 25.3%
Stocks and contracts in progress3€255,804€323,284€407,475€143,594€99,705▼ 30.6%
Stocks30/36-€323,284€407,475€143,594€99,705▼ 30.6%
Amounts receivable within one year40/41--€476€2,181€330▼ 84.9%
Trade receivables40--€476€2,181€330▼ 84.9%
Cash at bank and in hand54/58€751,211€870,294€736,917€1.4m€1.8m▲ 30.2%
Deferred charges and accrued income490/1-€3,612€6,403€6,706€25,014▲ 273%
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.9m€1.8m€2.1m€2.4m▲ 15.6%
Equity10/15€1.2m€1.3m€1.4m€1.6m€1.9m▲ 14.8%
Contributions10/11€450,000€450,000€450,000---
Capital10-€450,000€450,000---
Issued capital100-€450,000€450,000---
Reserves13€485,080€794,961€554,864€1.2m€1.6m▲ 31.6%
Non-distributable reserves130/1-€45,000€45,000€495,000€495,000=
Legal reserve130-€45,000€45,000---
Reserves not available under the articles1311---€495,000€495,000=
Distributable reserves133-€749,961€509,864€749,961€1.1m▲ 52.4%
Profit (loss) carried forward14€309,881€69,784€380,095€393,005€242,603▼ 38.3%
Amounts payable17/49€511,584€567,780€449,376€458,886€542,804▲ 18.3%
Amounts payable within one year42/48€511,584€567,780€448,425€455,886€542,804▲ 19.1%
Trade debts44€418,270€458,554€309,180€357,622€416,826▲ 16.6%
Suppliers440/4-€458,554€309,180€357,622€416,826▲ 16.6%
Taxes, remuneration and social security45-€109,227€139,245€98,263€125,978▲ 28.2%
Taxes450/3-€10,216€16,305€16,118€10,568▼ 34.4%
Remuneration and social security454/9-€99,011€122,940€82,146€115,410▲ 40.5%
Accrued charges and deferred income492/3--€951€3,000--
Line20202021202220232024Change
Profit (loss) for the period9904€309,881€69,784€70,215€290,727€242,603▼ 16.6%
+ Depreciation and write-downs630€98,276€99,400€98,060€112,565€111,691▼ 0.8%
Operating cash flow (approximation)€408,156€169,184€168,274€403,292€354,295▼ 12.1%
Investment in fixed assets (approximation)--€41,679-€95,789-€20,695-€56,983▼ 175%
Change in cash-€119,083-€133,377€616,259€408,663▼ 33.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
21-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 21 days late
2024
12-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 12 days late
2023
01-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial Weakest financial yearnet €69,784 ▼77.5%
Net result drops to €69,784, the lowest in the series; recovery starts the following year.
19-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
31-12
Financial Highest result since 2018net €309,881 ▲127%
Net result €309,881, the highest in the series.
31-12
Financial Equity above €1mEq €1.2m ▲33.1%
3 profitable years in a row build equity to €1.2m.
25-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
23-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
21-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
19-07
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 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, Brussel · 3 establishment units since 1996
seat establishment All 3 establishment units on the map
Ground area
706 m²
Building footprint
504 m²
Volume, LiDAR
5,055 m³
4 parcels, Brussels · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
BADR
Maria-Christinastraat 197-199, 1020 BrusselWarehousing and support activities for transportation
since 19962.076.960.436
Boucherie BADR
Brusselse Steenweg 17, 1190 VorstWholesale of other food products
since 20142.232.119.755
Wayezstraat 95, 1070 Anderlecht
Wholesale of meat and meat products, excluding game and poultry
since 20182.280.946.585
4 parcels
Brussels 4 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21382C0107/00P002 Brussels 245 m² 1 · 247 m² 11.7 m · 2 fl.
21001A0570/00Z014 Brussels 174 m² 1 · 113 m² 18.7 m · 5 fl.
21815D0107/00D005 Brussels 149 m² 1 · 79 m² 16.8 m · 5 fl.
21815D0107/00C005 Brussels 139 m² 1 · 65 m² 16.1 m · 5 fl.
Linked by address, not proof of ownership
Good to know
4 of 4 parcels 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

2 sites
Brussel2.076.960.436
2 permissions
Toelating · Detailhandel · since 09-03-2022
Toelating · Vleeswinkel · since 03-07-2017
Vorst2.232.119.755
1 permission
Toelating · Vleeswinkel · since 14-07-2014

Similar companies · same sector, comparable size

Of 3,824 companies in sector 47210 we hold annual accounts for 965. 225 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
Founded08-08-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
47210Retail sale of fruit and vegetables
46389Wholesale of other food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
47221Retail sale of meat and meat products, excluding game and poultry
E-invoicing
Reachable via Peppol
Peppol ID 0208:0455806958
Also 9925:BE0455806958
Registered 16-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.