BAL
Open bankruptcySummary
A bankruptcy procedure is open for BAL according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €37,154 and a net result of €1,610.
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, Hasselt division
- Declared bankrupt
- 24 November 2022
- Supervising judge
- Christiaan De Meester
- Official Gazette
- 30-11-2022 (pdf) ↗search the document for 2022/144075
Deadlines
- Provisional date payments stopped
- 24 November 2022A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 15 December 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 24 December 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 5 January 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 24 November 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Ronny MaesPrins Bisschopsingel 11, 3500 Hasseltr.maes@exacto-advocaten.be
- Kristof KrolPrins Bisschopssingel 11, 3500 Hasseltk.krol@exacto-advocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- 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.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
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.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 26-10-2021, 87 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
87 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 94 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Business and other management consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
€37,154▲ 4.5%
2019 · €35,544
Total assets
€437,367▼ 9.0%
2019 · €480,881
Net result
€1,610▼ 6.2%
2019 · €1,717
Working capital
€32,682▼ 4.8%
2019 · €34,347
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€43,964-€6,754▼ 84.6%€7,467▲ 10.6%
Net result€27,627-€1,717▼ 93.8%€1,610within the sector's middle half▼ 6.2%
Equity€33,827-€35,544▲ 5.1%€37,154within the sector's middle half▲ 4.5%
Total assets€74,846-€480,881▲ 542%€437,367within the sector's middle half▼ 9.0%
Debt€41,018-€445,336▲ 986%€400,213▼ 10.1%
Working capital€33,827-€34,347▲ 1.5%€32,682within the sector's middle half▼ 4.8%
Solvency45.2%-7.4%▼ 37.8pp8.5%below the sector's middle half▲ 1.1pp
Current ratio1.82-1.08▼ 0.751.08within the sector's middle half▲ 0.01
Return on assets (ROA)36.9%-0.4%▼ 36.6pp0.4%below the sector's middle half=
Staff (FTE)0.8within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 11% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €437,367
Fixed assets
€20,024 ▲ 1,573%
Current assets
€417,344 ▼ 13.0%
Equity and liabilities €437,367
Equity
€37,154 ▲ 4.5%
Debt
€400,213 ▼ 10.1%
Debt's share of the balance-sheet total falls from 92.6% to 91.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,080▲
2019 · €7,352
Cash flow
€2,223▼
2019 · €2,315
Quick ratio
0.71▲
2019 · 0.54
Debt to equity
0.42
ROE
4.3%▼
2019 · 4.8%
Debt ≤ 1 year
€384,661▼
2019 · €445,336
Debt > 1 year
€15,552
Income taxes
€2,043▼
2019 · €3,073
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €598 | €614 | ▲ 2.5% |
| Gross operating margin9900 | €44,744 | €9,056 | €12,095 | ▲ 33.6% |
| Operating profit (loss)9901 | €43,964 | €6,754 | €7,467 | ▲ 10.6% |
| Recurring financial income75 | €7 | €4,205 | €3,420 | ▼ 18.7% |
| Recurring financial charges65 | €2,760 | €6,169 | €7,233 | ▲ 17.2% |
| Profit (loss) for the period before taxes9903 | €41,212 | €4,790 | €3,653 | ▼ 23.7% |
| Income taxes67/77 | €13,584 | €3,073 | €2,043 | ▼ 33.5% |
| Profit (loss) for the period9904 | €27,627 | €1,717 | €1,610 | ▼ 6.2% |
| Profit (loss) for the period to be appropriated9905 | €27,627 | €1,717 | €1,610 | ▼ 6.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €74,846 | €480,881 | €437,367 | ▼ 9.0% |
| Fixed assets21/28 | - | €1,197 | €20,024 | ▲ 1,573% |
| Tangible fixed assets22/27 | - | €1,197 | €20,024 | ▲ 1,573% |
| Current assets29/58 | €74,846 | €479,684 | €417,344 | ▼ 13.0% |
| Stocks and contracts in progress3 | - | €241,165 | €145,996 | ▼ 39.5% |
| Amounts receivable within one year40/41 | €74,840 | €84,884 | €130,080 | ▲ 53.2% |
| Cash at bank and in hand54/58 | €6 | €38,635 | €26,268 | ▼ 32.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €74,846 | €480,881 | €437,367 | ▼ 9.0% |
| Equity10/15 | €33,827 | €35,544 | €37,154 | ▲ 4.5% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €27,627 | €29,344 | €30,954 | ▲ 5.5% |
| Amounts payable17/49 | €41,018 | €445,336 | €400,213 | ▼ 10.1% |
| Amounts payable after more than one year17 | - | - | €15,552 | - |
| Amounts payable within one year42/48 | €41,018 | €445,336 | €384,661 | ▼ 13.6% |
| Trade debts44 | €8,411 | €19,242 | €47,448 | ▲ 147% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,627 | €1,717 | €1,610 | ▼ 6.2% |
| + Depreciation and write-downs630 | - | €598 | €614 | ▲ 2.5% |
| Operating cash flow (approximation) | €27,627 | €2,315 | €2,223 | ▼ 4.0% |
| Investment in fixed assets (approximation) | - | - | -€19,440 | - |
| Change in cash | - | €38,630 | -€12,368 | ▼ 132% |
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
2022
30-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 24-11-2022
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Weakest financial yearnet €1,610 ▼6.2%
Net result drops to €1,610, the lowest in the series.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Hasselt · 1 establishment unit since 2017
Ground area
547 m²
Building footprint
4,397 m²
Volume, LiDAR
13,158 m³
Parcel 71327G0365/00N004, Flanders · tallest building 17.2 m. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
BAL
since 20172.269.754.567
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0365/00N004 | Flanders | 546 m² | 1 · 4,397 m² | 17.2 m |
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | RONNY MAES PRINS BISSCHOPSINGEL 11,
3500 HASSELT |
24-11-2022 → present |
| Curator | KRISTOF KROL PRINS
BISSCHOPSSINGEL 11, 3500 HASSELT |
24-11-2022 → present |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 36,189 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 (pre-2019)
Founded17-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47400Retail sale of information and communication equipment
62100Computer programming
62200Computer consultancy and computer facilities management
63920Other information service activities
82990Other business support services
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.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.