BALTAS
Open bankruptcyA bankruptcy procedure is open for BALTAS according to publications in the Belgian State Gazette; curator: PATRICK BUSSERS.
Summary
The 2020 annual accounts show negative equity (-€204,348) and a net result of -€3,529.
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
- 20 October 2022
- Supervising judge
- Christiaan De Meester
- Official Gazette
- 26-10-2022 (pdf) ↗search the document for 2022/138695
Curator
- Patrick BussersVisserijstraat 4, 3590 Diepen- Beekpatrick.bussers@bussersadvo.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.
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
Embed in an article
Writing about this bankruptcy? Put the card of BALTAS in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-07-2021, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
1 d early
2019
91 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 45 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)
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?Address check Are there other customers at risk in your own list?Debtor check How is the Retail sale of watches and jewellery sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
-€204,348▼ 1.8%
2019 · -€200,818
Total assets
€259,326▼ 18.3%
2019 · €317,553
Net result
-€3,529▲ 96.3%
2019 · -€96,199
Working capital
-€391,809▼ 0.8%
2019 · -€388,588
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
Line201820192020
Operating result-€96,447--€90,031▲ 6.7%€660
Net result-€117,253--€96,199▲ 18.0%-€3,529▲ 96.3%
Equity-€104,619--€200,818▼ 92.0%-€204,348▼ 1.8%
Total assets€525,739-€317,553▼ 39.6%€259,326▼ 18.3%
Debt€630,359-€518,371▼ 17.8%€463,674▼ 10.6%
Working capital-€511,575--€388,588▲ 24.0%-€391,809▼ 0.8%
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: €660 after a loss of €90,031 in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €259,326
Fixed assets
€246,939 ▲ 1.2%
Current assets
€12,387 ▼ 83.2%
Key figures and ratios
Solvency
-78.8%▼
2019 · -63.2%
Current ratio
0.03▼
2019 · 0.16
Debt to equity
-0.29▼
2019 · -0.28
ROA
-1.4%▲
2019 · -30.3%
Debt ≤ 1 year
€404,196▼
2019 · €462,102
Debt > 1 year
€59,029▲
2019 · €56,270
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 | €23,109 | €164,983 | - | - |
| Gross operating margin9900 | €3,056 | €133,983 | €3,668 | ▼ 97.3% |
| Operating profit (loss)9901 | -€96,447 | -€90,031 | €660 | ▲ 101% |
| Recurring financial income75 | - | €130 | - | - |
| Recurring financial charges65 | €18,716 | €5,383 | €4,190 | ▼ 22.2% |
| Profit (loss) for the period before taxes9903 | -€115,163 | -€95,284 | -€3,529 | ▲ 96.3% |
| Income taxes67/77 | €2,090 | €915 | - | - |
| Profit (loss) for the period9904 | -€117,253 | -€96,199 | -€3,529 | ▲ 96.3% |
| Profit (loss) for the period to be appropriated9905 | -€117,253 | -€96,199 | -€3,529 | ▲ 96.3% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €525,739 | €317,553 | €259,326 | ▼ 18.3% |
| Fixed assets21/28 | €466,820 | €244,039 | €246,939 | ▲ 1.2% |
| Tangible fixed assets22/27 | €456,570 | €233,789 | €236,689 | ▲ 1.2% |
| Financial fixed assets28 | €10,250 | €10,250 | €10,250 | = |
| Current assets29/58 | €58,919 | €73,513 | €12,387 | ▼ 83.2% |
| Stocks and contracts in progress3 | €40,727 | €62,414 | - | - |
| Amounts receivable within one year40/41 | - | €9,331 | €10,814 | ▲ 15.9% |
| Cash at bank and in hand54/58 | €18,192 | €1,768 | €1,572 | ▼ 11.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €525,739 | €317,553 | €259,326 | ▼ 18.3% |
| Equity10/15 | -€104,619 | -€200,818 | -€204,348 | ▼ 1.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €14,461 | €14,461 | €14,461 | = |
| Profit (loss) carried forward14 | -€137,680 | -€233,879 | -€237,409 | ▼ 1.5% |
| Amounts payable17/49 | €630,359 | €518,371 | €463,674 | ▼ 10.6% |
| Amounts payable after more than one year17 | €59,865 | €56,270 | €59,029 | ▲ 4.9% |
| Amounts payable within one year42/48 | €570,494 | €462,102 | €404,196 | ▼ 12.5% |
| Trade debts44 | €244,294 | €322,527 | €267,219 | ▼ 17.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€117,253 | -€96,199 | -€3,529 | ▲ 96.3% |
| + Depreciation and write-downs630 | €23,109 | €164,983 | - | - |
| Operating cash flow (approximation) | -€94,144 | €68,783 | -€3,529 | ▼ 105% |
| Investment in fixed assets (approximation) | - | €57,798 | -€2,900 | ▼ 105% |
| Change in cash | - | -€16,424 | -€196 | ▲ 98.8% |
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
26-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 20-10-2022
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 107 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
07-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 129 days late
2014
01-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 1 day late
2013
08-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 69 days late
2012
07-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 7 days late
SignalNBB filing
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Heusden-Zolder · 1 establishment unit since 2017
Ground area
1,132 m²
Building footprint
982 m²
Volume, LiDAR
7,795 m³
Parcel 71502B0035/00E000, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HURREM
since 20172.260.732.973
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502B0035/00E000 | Flanders | 1,132 m² | 1 · 982 m² | 11.0 m · 3 fl. |
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PATRICK BUSSERS VISSERIJSTRAAT 4, 3590 DIEPEN-
BEEK |
20-10-2022 → present |
Similar companies · same sector, comparable size
ELEGANCE OF TIME
BE 0467.130.125
Waterloo · Eq €12,798
DIAMANTICA
BE 0897.260.589
Antwerpen · Eq €12,463
DAVID
BE 0438.223.927
Liège · Eq €12,948
HOSMANS
BE 0477.368.474
Schaarbeek · Eq €12,989
LE PANIER DE VLEURGAT
BE 0563.938.796
Etterbeek · Eq €13,035
Of 2,016 companies in sector 47770 we hold annual accounts for 897. 395 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)
Founded20-11-1996
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
43990Other specialised construction activities
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 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.