BAHAR
ActiveSummary
The computed 12-month bankruptcy probability of BAHAR is 5.7% (elevated). For BAHAR, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €17,749 and a net result of -€5,266. Equity is growing by ~14.3% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability0▼-78
Solvency92▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
5.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2022Solvency, return and age of the figures
Solvency
66.5%
Return on assets
-19.7%
Age of the figures
45 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 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 · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
25 d late
2020
59 d late
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 59 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
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Financials · fiscal year 2022, micro schema
Turnover
€56,534
EBIT margin
7.7%
Net result
-€5,266
2021 · €3,000
Working capital
€17,492▲ 0.7%
2021 · €17,376
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
Line2019202020212022
Turnover€56,534-
Operating result€4,352-€10,172▲ 134%€4,620▼ 54.6%-€4,998
Net result€4,352-€9,463▲ 117%€3,000▼ 68.3%-€5,266
EBIT margin7.7%-
Equity€10,552-€20,016▲ 89.7%€23,016▲ 15.0%€17,749▼ 22.9%
Total assets€13,032-€34,324▲ 163%€38,566▲ 12.4%€26,678▼ 30.8%
Debt€2,480-€14,309▲ 477%€15,551▲ 8.7%€8,928▼ 42.6%
Working capital€10,552-€17,376€17,492▲ 0.7%
Staff (FTE)1.3
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €4,998 after €4,620 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €26,678
Fixed assets
€258 ▼ 98.1%
Current assets
€26,420 ▲ 4.7%
Equity and liabilities €26,678
Equity
€17,749 ▼ 22.9%
Debt
€8,928 ▼ 42.6%
Debt's share of the balance-sheet total falls from 40.3% to 33.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,731▼
2021 · €8,837
Cash flow
-€4,999▼
2021 · €7,217
Current ratio
2.96▼
2021 · 3.21
Quick ratio
2.33▼
2021 · 2.50
Debt to equity
0.50▼
2021 · 0.68
ROE
-29.7%▼
2021 · 13.0%
ROA
-19.7%▼
2021 · 7.8%
Interest coverage
-17.65▼
2021 · 27.60
Debt ≤ 1 year
€8,928▲
2021 · €7,863
Staff costs
€24,685▲
2021 · €7,711
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | €56,534 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €7,711 | €24,685 | ▲ 220% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €9,293 | €4,217 | €267 | ▼ 93.7% |
| Non-recurring operating charges66A | - | - | - | €12,802 | - |
| Gross operating margin9900 | €6,096 | €20,642 | €16,547 | €32,756 | ▲ 98.0% |
| Operating profit (loss)9901 | €4,352 | €10,172 | €4,620 | -€4,998 | ▼ 208% |
| Financial charges65/66B | - | - | €320 | €268 | ▼ 16.2% |
| Recurring financial charges65 | - | €708 | €320 | €268 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | €4,352 | €9,463 | €4,300 | -€5,266 | ▼ 222% |
| Income taxes67/77 | - | - | €1,300 | - | - |
| Profit (loss) for the period9904 | €4,352 | €9,463 | €3,000 | -€5,266 | ▼ 276% |
| Profit (loss) for the period to be appropriated9905 | €4,352 | €9,463 | €3,000 | -€5,266 | ▼ 276% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €13,032 | €34,324 | €38,566 | €26,678 | ▼ 30.8% |
| Fixed assets21/28 | - | €17,544 | €13,327 | €258 | ▼ 98.1% |
| Tangible fixed assets22/27 | - | €17,544 | €13,327 | €258 | ▼ 98.1% |
| Plant, machinery and equipment23 | - | - | €525 | €258 | ▼ 50.9% |
| Furniture and vehicles24 | - | - | €12,802 | - | - |
| Current assets29/58 | €13,032 | €16,781 | €25,239 | €26,420 | ▲ 4.7% |
| Stocks and contracts in progress3 | €5,600 | €5,600 | €5,600 | €5,600 | = |
| Stocks30/36 | - | - | €5,600 | €5,600 | = |
| Amounts receivable within one year40/41 | €6,236 | €9,749 | €1,690 | €15,731 | ▲ 831% |
| Trade receivables40 | - | - | - | €15,042 | - |
| Other amounts receivable41 | - | - | €1,690 | €689 | ▼ 59.3% |
| Cash at bank and in hand54/58 | €1,196 | €1,432 | €17,949 | €5,089 | ▼ 71.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €13,032 | €34,324 | €38,566 | €26,678 | ▼ 30.8% |
| Equity10/15 | €10,552 | €20,016 | €23,016 | €17,749 | ▼ 22.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €218 | €218 | €218 | €218 | = |
| Non-distributable reserves130/1 | - | - | €218 | €218 | = |
| Reserves not available under the articles1311 | - | - | €218 | €218 | = |
| Profit (loss) carried forward14 | €4,135 | €13,598 | €16,598 | €11,332 | ▼ 31.7% |
| Amounts payable17/49 | €2,480 | €14,309 | €15,551 | €8,928 | ▼ 42.6% |
| Amounts payable after more than one year17 | - | €14,309 | €6,178 | - | - |
| Financial debts170/4 | - | - | €6,178 | - | - |
| Amounts payable within one year42/48 | €2,480 | - | €7,863 | €8,928 | ▲ 13.5% |
| Trade debts44 | €368 | - | €4,264 | €4,320 | ▲ 1.3% |
| Suppliers440/4 | - | - | €4,264 | €4,320 | ▲ 1.3% |
| Taxes, remuneration and social security45 | - | - | €1,007 | €1,780 | ▲ 76.8% |
| Remuneration and social security454/9 | - | - | €1,007 | €1,780 | ▲ 76.8% |
| Other amounts payable47/48 | - | - | €2,592 | €2,828 | ▲ 9.1% |
| Accrued charges and deferred income492/3 | - | - | €1,509 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,352 | €9,463 | €3,000 | -€5,266 | ▼ 276% |
| + Depreciation and write-downs630 | - | €9,293 | €4,217 | €267 | ▼ 93.7% |
| Operating cash flow (approximation) | €4,352 | €18,757 | €7,217 | -€4,999 | ▼ 169% |
| Investment in fixed assets (approximation) | - | - | €0 | €12,802 | - |
| Change in cash | - | €236 | €16,517 | -€12,860 | ▼ 178% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€5,266
Net result drops to -€5,266, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Highest result since 2019net €9,463 ▲117%
Operating result €10,172, net result €9,463, both a record.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Leuven
Ground area
168 m²
Building footprint
168 m²
Volume, LiDAR
867 m³
Parcel 24483E0004/00Z009, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24483E0004/00Z009 | Flanders | 168 m² | 1 · 168 m² | 10.5 m · 1 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded07-11-2018
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.