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BALDI

Open bankruptcy
Public limited companyfounded 1987KBO/BCE: BE 0432.218.538

A bankruptcy procedure is open for BALDI according to publications in the Belgian State Gazette; curator: PETER VERCRAEYE.

Summary

The 2022 annual accounts show negative equity (-€180,994) and a net result of €97,692.

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, Antwerp division
Declared bankrupt
19 January 2023
Supervising judge
Peter De Vos
Official Gazette
02-03-2023 (pdf) ↗search the document for 2023/108189

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

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. Full guide for creditors

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 12-04-2023, 71 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 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
71 d late
2021
17 d late
2020
51 d late
2019
3 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 36 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 October 1987, BALDI was incorporated.1 Total assets went from EUR 669,011 in 2019 to EUR 3,610 in 2022.2 The company was declared bankrupt on 19 January 2023.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2022
  3. 3Belgian State Gazette, 02-03-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, micro schema

Equity
-€180,994▲ 35.1%
2021 · -€278,686
Total assets
€3,610▲ 1,727%
2021 · €198
Net result
€97,692
2021 · -€310,162
Working capital
-€180,994▲ 34.1%
2021 · -€274,497
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
Operating result-€68,601--€218,061▼ 218%-€319,839▼ 46.7%€89,628
Net result-€85,534--€192,931▼ 126%-€310,162▼ 60.8%€97,692
Equity€224,407-€31,476▼ 86.0%-€278,686-€180,994▲ 35.1%
Total assets€669,011-€394,067▼ 41.1%€198▼ 99.9%€3,610▲ 1,727%
Debt€444,604-€362,591▼ 18.4%€278,884▼ 23.1%€184,604▼ 33.8%
Working capital€237,756-€103,066▼ 56.7%-€274,497-€180,994▲ 34.1%
Staff (FTE)2.3-1.2▼ 47.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€400,000-€200,000€0Operating result 2019: -€68,601-€68,601Net result 2019: -€85,534-€85,534Operating result 2020: -€218,061-€218,061Net result 2020: -€192,931-€192,931Operating result 2021: -€319,839-€319,839Net result 2021: -€310,162-€310,162Operating result 2022: €89,628€89,628Net result 2022: €97,692€97,6922019202020212022-€400,000-€200,000€0Operating result 2020: -€218,061-€218,000Net result 2020: -€192,931-€193,000Operating result 2021: -€319,839-€320,000Net result 2021: -€310,162-€310,000Operating result 2022: €89,628€89,600Net result 2022: €97,692€97,700202020212022
The operating result returns to profit in 2022: €89,628 after a loss of €319,839 in 2021, the highest result in the available series.
Key figures and ratios
2022 value · change against 2021
Debt ≤ 1 year
€184,604▼
2021 · €274,695
Ratios withheld: a balance sheet total of €3,610 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 34 lines
Balance sheet Code20212022
Assets
Total assets20/58€198€3,610▲
Current assets29/58€198€3,610▲
Amounts receivable within one year40/41-€3,610
Other amounts receivable41-€3,610
Cash at bank and in hand54/58€198-
Equity and liabilities
Total equity and liabilities10/49€198€3,610▲
Equity10/15-€278,686-€180,994▲
Contributions10/11€202,000€202,000=
Capital10-€202,000
Issued capital100-€202,000
Reserves13€8,505€8,505=
Non-distributable reserves130/1-€8,505
Legal reserve130-€8,505
Profit (loss) carried forward14-€489,191-€391,499▲
Amounts payable17/49€278,884€184,604▼
Amounts payable within one year42/48€274,695€184,604▼
Financial debts43-€6
Credit institutions430/8-€6
Trade debts44€59,593€31,255▼
Suppliers440/4-€31,255
Other amounts payable47/48-€153,343
Income statement Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,258-
Other operating charges640/8-€1,236
Gross operating margin9900-€290,642€90,863▲
Operating profit (loss)9901-€319,839€89,628▲
Financial income75/76B-€8,143
Recurring financial income75-€8,143
Financial charges65/66B-€79
Recurring financial charges65€10,323€79▼
Profit (loss) for the period before taxes9903-€310,162€97,692▲
Profit (loss) for the period9904-€310,162€97,692▲
Profit (loss) for the period to be appropriated9905-€310,162€97,692▲
Appropriation of the result
Profit (loss) to be appropriated9906--€391,499
Profit (loss) brought forward from the previous period14P--€489,191
Line2019202020212022Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,912€2,876€2,258--
Other operating charges640/8---€1,236-
Gross operating margin9900-€14,965-€157,426-€290,642€90,863▲ 131%
Operating profit (loss)9901-€68,601-€218,061-€319,839€89,628▲ 128%
Financial income75/76B---€8,143-
Recurring financial income75€84€6,681-€8,143-
Financial charges65/66B---€79-
Recurring financial charges65€17,220€30,924€10,323€79▼ 99.2%
Profit (loss) for the period before taxes9903-€85,496-€192,855-€310,162€97,692▲ 131%
Income taxes67/77€38€76---
Profit (loss) for the period9904-€85,534-€192,931-€310,162€97,692▲ 131%
Profit (loss) for the period to be appropriated9905-€85,534-€192,931-€310,162€97,692▲ 131%
Line2019202020212022Change
Assets
Total assets20/58€669,011€394,067€198€3,610▲ 1,727%
Fixed assets21/28€7,129€4,253---
Tangible fixed assets22/27€7,129€4,253---
Current assets29/58€661,882€389,814€198€3,610▲ 1,727%
Stocks and contracts in progress3€152,659€1,230---
Amounts receivable within one year40/41€475,137€353,618-€3,610-
Other amounts receivable41---€3,610-
Cash at bank and in hand54/58€2,080€9,792€198--
Equity and liabilities
Total equity and liabilities10/49€669,011€394,067€198€3,610▲ 1,727%
Equity10/15€224,407€31,476-€278,686-€180,994▲ 35.1%
Contributions10/11€202,000€202,000€202,000€202,000=
Capital10---€202,000-
Issued capital100---€202,000-
Reserves13€8,505€8,505€8,505€8,505=
Non-distributable reserves130/1---€8,505-
Legal reserve130---€8,505-
Profit (loss) carried forward14€13,902-€179,029-€489,191-€391,499▲ 20.0%
Amounts payable17/49€444,604€362,591€278,884€184,604▼ 33.8%
Amounts payable within one year42/48€424,126€286,748€274,695€184,604▼ 32.8%
Financial debts43---€6-
Credit institutions430/8---€6-
Trade debts44€35,237€62,807€59,593€31,255▼ 47.6%
Suppliers440/4---€31,255-
Other amounts payable47/48---€153,343-
Line2019202020212022Change
Profit (loss) for the period9904-€85,534-€192,931-€310,162€97,692▲ 131%
+ Depreciation and write-downs630€3,912€2,876€2,258--
Operating cash flow (approximation)-€81,623-€190,055-€307,904€97,692▲ 132%
Investment in fixed assets (approximation)-€0---
Change in cash-€7,712-€9,594--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2023
12-04
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
02-03
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 19-01-2023
2022
30-06
Financial Back to profitnet €97,692
Net result €97,692 after 3 loss-making years.
17-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
30-06
Financial Weakest financial yearnet -€310,162
Net result drops to -€310,162, the lowest in the series.
23-03
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
03-02
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
17-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
29-04
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 88 days late
2017
31-03
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
14-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 227 days late
2015
15-01
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
17-02
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 17 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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
Registered office, Wommelgem · 1 establishment unit since 1988
seat establishment The establishment unit on the map
Ground area
1.2 ha
Building footprint
2,773 m²
Volume, LiDAR
27,897 m³
2 parcels, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
278 companies at this address See who is registered here
1 establishment unit
Oude Baan(E) 137, 3630 Maasmechelen
Warehousing and support activities for transportation
since 19882.032.551.955
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11052C0585/00T002 Flanders 1.0 ha 1 · 2,288 m² 14.7 m · 4 fl.
73013D0619/00A000 Flanders 2,240 m² 1 · 485 m² 9.2 m · 1 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate
Role Name Tenure
Curator PETER VERCRAEYE
BRITSELEI 76, 2000 ANTWERPEN 1-
19-01-2023 → present

Recognitions · licences · registrations

Dual-learning approval

4 ended
Aanvuller (so)
ended · 2016 to 2021
Kassier (so)
ended · 2016 to 2021
Verkoper (so)
ended · 2016 to 2021
Winkelbediende (so)
ended · 2016 to 2021

Similar companies · same sector, comparable size

Of 12,954 companies in sector 47120 we hold annual accounts for 2,190. 1,463 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded08-10-1987
Fiscal year end30-06
Activities, NACEBEL 2025
47120Other non-specialised retail sale

Scores and ratios are computed by Checked and are not a credit decision.