BALABA
InactiveBALABA was declared bankrupt on 15-02-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 14-03-2023, published in the Belgian State Gazette on 20-03-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○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 · 9 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-08-2021, 30 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
30 d late
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-351k
2019 · €9k
2018: €-5k
2019: €9k
2018 → 2020
Total assets
€16k▼ 47.2%
2019 · €31k
2018: €66k
2019: €31k
2018 → 2020
Net result
€-360k
2019 · €14k
2018: €6k
2019: €14k
2018 → 2020
Working capital
€-165k
2019 · €9k
2018: €-5k
2019: €9k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-5k-€9k€-351k
Operating result€6k-€14k▲ 140%€5k▼ 62.1%
Net result€6k-€14k▲ 143%€-360k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 62% below 2019 and is the lowest result in the available series.
Key figures and ratios
Current ratio
0.09▼
2019 · 1.39
Debt to equity
-0.53
Debt
€367k▲
2019 · €22k
Debt ≤ 1 year
€182k▲
2019 · €22k
Debt > 1 year
€186k
A ratio outside any meaningful range has been withheld (balance sheet total €16k, equity €-351k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 20 lines
Balance sheet
Code20192020
Assets
Total assets20/58€31k€16k▼
Current assets29/58€31k€16k▼
Amounts receivable within one year40/41€28k€16k▼
Cash at bank and in hand54/58€3k€678▼
Equity and liabilities
Total equity and liabilities10/49€31k€16k▼
Equity10/15€9k€-351k▼
Contributions10/11€19k-
Reserves13€8k€8k=
Profit (loss) carried forward14€-18k€-377k▼
Amounts payable17/49€22k€367k▲
Amounts payable after more than one year17-€186k
Amounts payable within one year42/48€22k€182k▲
Trade debts44€19k€46k▲
Income statement
Code20192020
Gross operating margin9900€15k€6k▼
Operating profit (loss)9901€14k€5k▼
Recurring financial income75-€6
Recurring financial charges65€87€432▲
Profit (loss) for the period before taxes9903€14k€-360k▼
Profit (loss) for the period9904€14k€-360k▼
Profit (loss) for the period to be appropriated9905€14k€-360k▼
Timeline · acts, filings and financial milestones
2023
20-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · BALABA BV OUDE VIJVERSSTRAAT 40, 1190 BRUSSEL 19 · event 14-03-2023
2022
21-02
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · BALABA BV OUDE VIJVERS- STRAAT 40, 1190 BRUSSEL 19 · event 15-02-2022
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-360k ▼2627%
Net result drops to €-360k, the lowest in the series.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Highest result since 2018net €14k ▲143%
Operating result €14k, net result €14k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 218 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 days late
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
28-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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 | LIES DEWAEL PEGASUSLAAN 5, 1831 DIEGEM- |
15-02-2022 → 14-03-2023 |