BAKKERIJ BABYLON
InactiveBAKKERIJ BABYLON was declared bankrupt on 29-12-2022 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed for insufficient assets by judgment of 04-12-2023, published in the Belgian State Gazette on 08-12-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 22-03-2022, 234 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
234 d late
2019
356 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€21k▲ 355%
2019 · €5k
2018: €7k
2019: €5k
2018 → 2020
Total assets
€45k▲ 98.9%
2019 · €23k
2018: €18k
2019: €23k
2018 → 2020
Net result
€16k
2019 · €-3k
2018: €-7k
2019: €-3k
2018 → 2020
Working capital
€8k
2019 · €-10k
2018: €-5k
2019: €-10k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€7k-€5k▼ 38.5%€21k▲ 355%
Operating result€-7k-€-2k▲ 67.5%€9k
Net result€-7k-€-3k▲ 58.2%€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €9k after a loss of €2k in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €45k
Fixed assets
€13k▼ 11.9%
Current assets
€32k▲ 288%
Equity and liabilities €45k
Equity
€21k▲ 355%
Debt
€24k▲ 34.7%
The debt ratio falls from 80.0% to 54.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▲
2019 · €176
Cash flow
€18k▲
2019 · €-495
Solvency
45.8%▲
2019 · 20.0%
Current ratio
1.33▲
2019 · 0.46
Quick ratio
1.30▲
2019 · 0.46
ROE
78.0%▲
2019 · -62.7%
ROA
35.8%▲
2019 · -12.6%
Debt
€24k▲
2019 · €18k
Debt ≤ 1 year
€24k▲
2019 · €18k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€23k€45k▲
Fixed assets21/28€14k€13k▼
Tangible fixed assets22/27€14k€13k▼
Current assets29/58€8k€32k▲
Stocks and contracts in progress3-€652
Amounts receivable within one year40/41€1k€2k▲
Cash at bank and in hand54/58€7k€29k▲
Equity and liabilities
Total equity and liabilities10/49€23k€45k▲
Equity10/15€5k€21k▲
Profit (loss) carried forward14€-10k€6k▲
Amounts payable17/49€18k€24k▲
Amounts payable within one year42/48€18k€24k▲
Trade debts44€18k€22k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Gross operating margin9900€1k€13k▲
Operating profit (loss)9901€-2k€9k▲
Recurring financial income75€1€1▼
Recurring financial charges65€672€932▲
Profit (loss) for the period before taxes9903€-3k€16k▲
Profit (loss) for the period9904€-3k€16k▲
Profit (loss) for the period to be appropriated9905€-3k€16k▲
Timeline · acts, filings and financial milestones
2023
08-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Brugge · BAKKERIJ BABYLON BV SMEDENSTRAAT 28, 8000 BRUGGE · event 04-12-2023
05-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · BAKKERIJ BABYLON BV SMEDENSTRAAT 28, 8000 BRUGGE · event 29-12-2022
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 234 days late
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 356 days late
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.33
Current ratio from 0.46 to 1.33.
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 142 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JENS VREBOS EZELSTRAAT 25, 8000 BRUGGE- |
29-12-2022 → present |