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Badran

Open bankruptcy
Private limited companyfounded 2015Bredabaan (Gooreind) 23/4, 2990 Wuustwezel, BelgiumKBO/BCE: BE 0628.626.613

A bankruptcy procedure is open for Badran according to publications in the Belgian State Gazette; curator: PETER VERCRAEYE.

Summary

The 2021 annual accounts show negative equity (-€95,652) and a net result of -€20,152.

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, Antwerp division
Declared bankrupt
26 October 2023
Supervising judge
Thomas Verheust
Official Gazette
06-11-2023 (pdf) ↗search the document for 2023/141677

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

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. Full guide for creditors

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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 · 6 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
1 d early
2019
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 10 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)
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 15 April 2015, Badran was incorporated.1 Total assets went from EUR 9,456 in 2018 to EUR 15,681 in 2021 and headcount from 0.1 full-time equivalents in 2019 to 0.3 in 2021.2 The company was declared bankrupt on 26 October 2023.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2019 and 2021
  3. 3Belgian State Gazette, 06-11-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
-€95,652▼ 26.7%
2020 · -€75,500
Total assets
€15,681▲ 1,525%
2020 · €965
Net result
-€20,152▲ 24.9%
2020 · -€26,843
Working capital
-€65,807▼ 43.6%
2020 · -€45,825
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
Line2018201920202021
Operating result-€10,608--€18,652▼ 75.8%-€26,515▼ 42.2%-€18,937▲ 28.6%
Net result-€12,268--€18,866▼ 53.8%-€26,843▼ 42.3%-€20,152▲ 24.9%
Equity-€29,791--€48,657▼ 63.3%-€75,500▼ 55.2%-€95,652▼ 26.7%
Total assets€9,456-€18,662▲ 97.3%€965▼ 94.8%€15,681▲ 1,525%
Debt€39,247-€67,319▲ 71.5%€76,465▲ 13.6%€111,333▲ 45.6%
Working capital€40--€18,657-€45,825▼ 146%-€65,807▼ 43.6%
Staff (FTE)0.10.4▲ 300%0.3▼ 25.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2018: -€10,608-€10,608Net result 2018: -€12,268-€12,268Operating result 2019: -€18,652-€18,652Net result 2019: -€18,866-€18,866Operating result 2020: -€26,515-€26,515Net result 2020: -€26,843-€26,843Operating result 2021: -€18,937-€18,937Net result 2021: -€20,152-€20,1522018201920202021-€30,000-€20,000-€10,000€0Operating result 2019: -€18,652-€18,700Net result 2019: -€18,866-€18,900Operating result 2020: -€26,515-€26,500Net result 2020: -€26,843-€26,800Operating result 2021: -€18,937-€18,900Net result 2021: -€20,152-€20,200201920202021
The operating result stays negative: a loss of €18,937 in 2021 against €26,515 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €15,681
Fixed assets €155 ▼ 52.3%
Current assets €15,526 ▲ 2,326%
Key figures and ratios
2021 value · change against 2020
EBITDA
-€18,767▲
2020 · -€26,386
Cash flow
-€19,982▲
2020 · -€26,714
Solvency
-610.0%
Current ratio
0.19
Debt to equity
-1.16
ROA
-128.5%
Interest coverage
-15.45
Debt ≤ 1 year
€81,333▲
2020 · €46,465
Debt > 1 year
€30,000=
2020 · €30,000
Staff costs
€4,235
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 35 lines
Balance sheet Code20202021
Assets
Total assets20/58€965€15,681▲
Fixed assets21/28€325€155▼
Tangible fixed assets22/27€325€155▼
Furniture and vehicles24-€155
Current assets29/58€640€15,526▲
Amounts receivable within one year40/41€588€170▼
Trade receivables40-€170
Cash at bank and in hand54/58-€15,188
Deferred charges and accrued income490/1-€168
Equity and liabilities
Total equity and liabilities10/49€965€15,681▲
Equity10/15-€75,500-€95,652▼
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€94,100-€114,252▼
Amounts payable17/49€76,465€111,333▲
Amounts payable after more than one year17€30,000€30,000=
Financial debts170/4-€30,000
Amounts payable within one year42/48€46,465€81,333▲
Trade debts44€3,578€23,564▲
Suppliers440/4-€23,564
Taxes, remuneration and social security45-€15,575
Taxes450/3-€1,147
Remuneration and social security454/9-€14,428
Other amounts payable47/48-€42,194
Income statement Code20202021
Remuneration, social security and pensions62-€4,235
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€129€170▲
Other operating charges640/8-€464
Gross operating margin9900-€13,866-€14,068▼
Operating profit (loss)9901-€26,515-€18,937▲
Financial charges65/66B-€1,215
Recurring financial charges65€328€1,215▲
Profit (loss) for the period before taxes9903-€26,843-€20,152▲
Profit (loss) for the period9904-€26,843-€20,152▲
Profit (loss) for the period to be appropriated9905-€26,843-€20,152▲
Appropriation of the result
Profit (loss) to be appropriated9906--€114,252
Profit (loss) brought forward from the previous period14P--€94,100

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Remuneration, social security and pensions62---€4,235-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€677€169€129€170▲ 31.8%
Other operating charges640/8---€464-
Gross operating margin9900-€9,148-€14,436-€13,866-€14,068▼ 1.5%
Operating profit (loss)9901-€10,608-€18,652-€26,515-€18,937▲ 28.6%
Recurring financial income75€1----
Financial charges65/66B---€1,215-
Recurring financial charges65€1,661€214€328€1,215▲ 270%
Profit (loss) for the period before taxes9903-€12,268-€18,866-€26,843-€20,152▲ 24.9%
Profit (loss) for the period9904-€12,268-€18,866-€26,843-€20,152▲ 24.9%
Profit (loss) for the period to be appropriated9905-€12,268-€18,866-€26,843-€20,152▲ 24.9%
Line2018201920202021Change
Assets
Total assets20/58€9,456€18,662€965€15,681▲ 1,525%
Fixed assets21/28€169-€325€155▼ 52.3%
Tangible fixed assets22/27€169-€325€155▼ 52.3%
Furniture and vehicles24---€155-
Current assets29/58€9,287€18,662€640€15,526▲ 2,326%
Amounts receivable within one year40/41€972€699€588€170▼ 71.1%
Trade receivables40---€170-
Cash at bank and in hand54/58€7,132€16,715-€15,188-
Deferred charges and accrued income490/1---€168-
Equity and liabilities
Total equity and liabilities10/49€9,456€18,662€965€15,681▲ 1,525%
Equity10/15-€29,791-€48,657-€75,500-€95,652▼ 26.7%
Contributions10/11€18,600€18,600€18,600€18,600=
Profit (loss) carried forward14-€48,391-€67,257-€94,100-€114,252▼ 21.4%
Amounts payable17/49€39,247€67,319€76,465€111,333▲ 45.6%
Amounts payable after more than one year17€30,000€30,000€30,000€30,000=
Financial debts170/4---€30,000-
Amounts payable within one year42/48€9,247€37,319€46,465€81,333▲ 75.0%
Trade debts44€3,186€10,086€3,578€23,564▲ 559%
Suppliers440/4---€23,564-
Taxes, remuneration and social security45---€15,575-
Taxes450/3---€1,147-
Remuneration and social security454/9---€14,428-
Other amounts payable47/48---€42,194-
Line2018201920202021Change
Profit (loss) for the period9904-€12,268-€18,866-€26,843-€20,152▲ 24.9%
+ Depreciation and write-downs630€677€169€129€170▲ 31.8%
Operating cash flow (approximation)-€11,591-€18,697-€26,714-€19,982▲ 25.2%
Investment in fixed assets (approximation)---€0-
Change in cash-€9,583---

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

2023
06-11
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 26-10-2023
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Weakest financial yearnet -€26,843
Net result drops to -€26,843, the lowest in the series.
30-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
09-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
30-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 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
10 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, Wuustwezel · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
5,043 m²
Building footprint
2,699 m²
Volume, LiDAR
17,936 m³
Parcel 11053C0289/00A002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ZA CHAUDRY
Bredabaan (Gooreind) 23/4, 2990 WuustwezelNACE 45205
since 20152.241.540.138
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11053C0289/00A002 Flanders 5,043 m² 1 · 2,699 m² 8.1 m · 2 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator PETER VERCRAEYE
BRITSELEI 76, 2000 ANTWERPEN 1-
26-10-2023 → present

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,205 companies in sector 95316 we hold annual accounts for 752. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded15-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
96999Other personal services

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