BADULAQUE
ActiveBADULAQUE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-79k) and a net result of €135k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+1
Solvency24▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.02 in 2024; short-term debt: 100.4% and cash: 1.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-0.6%
Return on assets
1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 14056 sector peers (2025).
NBB · sector comparisonPosition among 14056 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filingsDeviation from the deadline
2025
28 d late
2024
30 d late
2023
3 d early
2022
61 d late
2021
61 d late
2020
149 d late
2019
92 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-79k▲ 63.0%
2024 · €-214k
2018: €-815
2019: €-155k
2020: €-462k
2021: €-656k
2022: €-1.04M
2023: €-195k
2024: €-214k
2018 → 2025
Total assets
€13.51M▲ 6.5%
2024 · €12.68M
2018: €7.06M
2019: €7.90M
2020: €8.59M
2021: €9.30M
2022: €10.43M
2023: €11.88M
2024: €12.68M
2018 → 2025
Net result
€135k
2024 · €-19k
2018: €-85k
2019: €-154k
2020: €-307k
2021: €-194k
2022: €-387k
2023: €847k
2024: €-19k
2018 → 2025
Working capital
€-12.81M▼ 1.5%
2024 · €-12.62M
2018: €-5.10M
2019: €-6.90M
2020: €-8.54M
2021: €-9.23M
2022: €-11.37M
2023: €-11.71M
2024: €-12.62M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-656k-€-1.04M▼ 59.0%€-195k▲ 81.3%€-214k▼ 9.7%€-79k▲ 63.0%
Operating result€-194k-€-391k▼ 102%€846k€-20k€132k
Net result€-194k-€-387k▼ 99.6%€847k€-19k€135k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €132k after a loss of €20k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.51M
Fixed assets
€12.76M▲ 2.6%
Current assets
€746k▲ 214%
Key figures and ratios
EBITDA
€515k▲
2024 · €352k
Cash flow
€518k▲
2024 · €353k
Solvency
-0.6%▲
2024 · -1.7%
Current ratio
0.06▲
2024 · 0.02
Quick ratio
0.06▲
2024 · 0.02
ROA
1.0%▲
2024 · -0.1%
Interest coverage
4372.77▲
2024 · 2261.61
Debt
€13.59M▲
2024 · €12.89M
Debt ≤ 1 year
€13.56M▲
2024 · €12.86M
A ratio outside any meaningful range has been withheld (balance sheet total €13.51M, equity €-79k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€12.68M€13.51M▲
Fixed assets21/28€12.44M€12.76M▲
Tangible fixed assets22/27€12.44M€12.76M▲
Land and buildings22€12.43M€12.75M▲
Other tangible fixed assets26€14k€12k▼
Current assets29/58€237k€746k▲
Amounts receivable within one year40/41€25k€25k▼
Other amounts receivable41€25k€25k▼
Current investments50/53€71k€572k▲
Cash at bank and in hand54/58€142k€149k▲
Deferred charges and accrued income490/1-€670
Equity and liabilities
Total equity and liabilities10/49€12.68M€13.51M▲
Equity10/15€-214k€-79k▲
Contributions10/11€500k€500k=
Profit (loss) carried forward14€-714k€-579k▲
Amounts payable17/49€12.89M€13.59M▲
Amounts payable within one year42/48€12.86M€13.56M▲
Trade debts44€10k€8k▼
Suppliers440/4€10k€8k▼
Other amounts payable47/48€12.85M€13.55M▲
Accrued charges and deferred income492/3€31k€28k▼
Income statement
Code20242025
Non-recurring operating income76A€248-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€371k€383k▲
Other operating charges640/8€210k€137k▼
Gross operating margin9900€562k€653k▲
Operating profit (loss)9901€-20k€132k▲
Financial income75/76B€757€3k▲
Recurring financial income75€757€1k▲
Non-recurring financial income76B-€1k
Financial charges65/66B€156€118▼
Recurring financial charges65€156€118▼
Profit (loss) for the period before taxes9903€-19k€135k▲
Profit (loss) for the period9904€-19k€135k▲
Profit (loss) for the period to be appropriated9905€-19k€135k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-714k€-579k▲
Profit (loss) brought forward from the previous period14P€-695k€-714k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €135k
Net result €135k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €847k
Net result €847k after 5 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Weakest financial yearnet €-387k
Net result drops to €-387k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 149 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lille · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wechelsebaan 1762275 LilleGround area
4,508 m²
Building footprint
308 m²
Volume, LiDAR
1,489 m³
Parcel 13019C0129/00K000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BADULAQUE
since 20122.206.923.016
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13019C0129/00K000 | Flanders | 4,508 m² | 1 · 308 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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MATIMO INVEST
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,624 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2011
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.