BALKAT
Open bankruptcyA bankruptcy procedure is open for BALKAT according to publications in the Belgian State Gazette; curator: ALINE FAUFRA.
Summary
The 2019 annual accounts show equity of €78k and a net result of €8k.
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 31-12-2019 was due by 31-07-2020 and was filed on 21-09-2020, 52 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 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
52 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, micro schema
Equity
€78k▲ 11.2%
2018 · €70k
2018: €70k
2018 → 2019
Total assets
€211k▼ 43.0%
2018 · €370k
2018: €370k
2018 → 2019
Net result
€8k▲ 83.8%
2018 · €4k
2018: €4k
2018 → 2019
Working capital
€195k▼ 34.9%
2018 · €299k
2018: €299k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€70k-€78k▲ 11.2%
Operating result€5k-€10k▲ 104%
Net result€4k-€8k▲ 83.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 104% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €211k
Fixed assets
€12k ▼ 25.0%
Current assets
€199k ▼ 43.9%
Equity and liabilities €211k
Equity
€78k ▲ 11.2%
Debt
€133k ▼ 55.7%
Debt's share of the balance-sheet total falls from 81.1% to 63.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14k▲
2018 · €9k
Cash flow
€12k▲
2018 · €8k
Current ratio
45.75▲
2018 · 6.38
Quick ratio
0.47▲
2018 · 0.06
Debt to equity
1.66▼
2018 · 3.50
ROE
10.0%▲
2018 · 6.1%
ROA
3.7%▲
2018 · 1.1%
Debt ≤ 1 year
€4k▼
2018 · €56k
Debt > 1 year
€129k▼
2018 · €245k
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 · 2019 against 2018 · 22 lines
Balance sheet
Code20182019
Assets
Total assets20/58€370k€211k▼
Fixed assets21/28€16k€12k▼
Tangible fixed assets22/27€16k€12k▼
Current assets29/58€354k€199k▼
Stocks and contracts in progress3€351k€197k▼
Cash at bank and in hand54/58€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€370k€211k▼
Equity10/15€70k€78k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€50k€57k▲
Amounts payable17/49€300k€133k▼
Amounts payable after more than one year17€245k€129k▼
Amounts payable within one year42/48€56k€4k▼
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Gross operating margin9900€10k€15k▲
Operating profit (loss)9901€5k€10k▲
Recurring financial charges65€224€177▼
Profit (loss) for the period before taxes9903€5k€8k▲
Income taxes67/77€1k-
Profit (loss) for the period9904€4k€8k▲
Profit (loss) for the period to be appropriated9905€4k€8k▲
Timeline · acts, filings and financial milestones
2024
02-02
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · BALKAT SRL RUE DE HERMEE 255, 4040 HERSTAL · event 29-01-2024
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
31-12
Financial
Liquidity times 7current ratio 45.75
Current ratio from 6.38 to 45.75; short-term debt falls from €56k to €4k.
13-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 61 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
2015
25-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 31 days late
2013
28-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 28 days late
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 31 days late
2011
19-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 19 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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
1 establishment unit since 2011
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.
Ground area
3,422 m²
Building footprint
229 m²
Volume, LiDAR
1,912 m³
2 parcels, Flanders, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Istanbul Juwelier
since 20112.227.745.451
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312A0308/00D000 | Wallonia | 3,113 m² | - | - |
| 71502B0072/00F002 | Flanders | 309 m² | 1 · 229 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 | ALINE FAUFRA GRAND’ROUTE 35, 4610 BEYNE-
HEUSAY |
29-01-2024 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-01-2009
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:balkatbvba@gmail.com