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Complete company report
Generated 26-08-2026
Active BE 0822.142.108Private limited company (pre-2019)Open bankruptcy

BALUSTRADE PESPA

· 16 yrs active
Conclusion Checked

A bankruptcy procedure is open for BALUSTRADE PESPA according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2022 annual accounts show negative equity (€-1k) and a net result of €-11k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €-1k
Net result €-11k
Active 16 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability100Solvency35Growth78Stability0
43 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 35
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
53 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags1 events
Address struck
Health barometer FY 2022 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 27-08-2023 with the NBB · fiscal year 2022 · micro
€-60k€-40k€-20k€0€20kOperating result 2018: €-10k€-10kNet result 2018: €-45k€-45kOperating result 2019: €3k€3kNet result 2019: €-43k€-43kOperating result 2020: €18k€18kNet result 2020: €-24k€-24kOperating result 2021: €15k€15kNet result 2021: €14k€14kOperating result 2022: €-9k€-9kNet result 2022: €-11k€-11k20182019202020212022
Operating resultNet result
Net profit
€-11k
- 18-22
Total assets
€2k
-89.3% 18-22
Equity
€-1k
- 18-22
Working capital
€-1k
- 18-22
Staff costs
€1k
- 18-22
Debt
€3k
-62.3% 18-22
Debt ≤ 1y
€3k
-62.3% 18-22
Current ratio
0.58
-71.5% 18-22
Show 5 other metrics
Quick ratio
0.20
-82.2% 18-22
Solvency
-71.5%
- 18-22
Debt / equity
-2.40
- 18-22
ROE
772.4%
+391.0% 18-22
ROA
-552.0%
- 18-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA-
Net profit€-11k
Cash flow-
Staff costs€1k
Income taxes-
Dividends-
Total assets€2k
Equity€-1k
Debt€3k
of which ≤ 1y€3k
of which > 1y-
Working capital€-1k
Employees (FTE)-
Ratios (computed)
2022
Current ratio0.58
Quick ratio0.20
Working capital ratio-71.5%
Solvency-71.5%
Debt / equity-2.40
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-552.0%
ROE772.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€2k
Current assets 29/58€2k
Stocks & contracts in progress 3€1k
Amounts receivable within one year 40/41€657
Cash & bank 54/58€16
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2k
Equity 10/15€-1k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€-22k
Amounts payable 17/49€3k
Amounts payable within one year 42/48€3k
Trade debts payable within one year 44€651
Income statement
Gross operating margin 9900€-8k
Operating result 9901€-9k
Financial income 75€0
Financial charges 65€2k
Result before taxes 9903€-11k
Net result for the period 9904€-11k
Result to be appropriated 9905€-11k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Current directors & mandates
  • TOUJAIT Said
    Managing director
    State Gazette act 23035223 (10-03-2023)
    Current
    26-02-2023 → present
Former directors (3)
  • ARFAOUI Mohammed
    Managing director
    State Gazette act 23035223 (10-03-2023)
    Former
    - → 26-02-2023
  • EL BATTAHl Jamila
    Managing director
    State Gazette act 23035223 (10-03-2023)
    Former
    - → 26-02-2023
  • KHAIF ALLAH Khadija
    Managing director
    State Gazette act 23035223 (10-03-2023)
    Former
    - → 26-02-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator ANTHONY HOUTHOOFD
ERNEST ALLARDSTRAAT 45, 1000 BRUSSEL 1
 18-02-2025 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation11-01-2010
StatusActive
Postal code-
First insolvency signal 25-02-2025
Latest insolvency signal 25-02-2025
Establishment units 1 location
LA TRADITION
Josse Goffinlaan 147, 1082 Sint-Agatha-BerchemDetailhandel in brood en banketbakkerswerk (koude bakkers)
since 20202.304.967.745
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21808H1778/00D000 Brussels 670 m² 1 · 488 m² 27.7 m · 8 fl.
21342B0159/00Z003 Brussels 230 m² 1 · 207 m² 18.3 m · 2 fl.
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.
Updates 18 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
12-05-2025
KBO administration Address struck
25-02-2025
Bankruptcy Opening
Ondernemingsrechtbank Brussel · BALUSTRADE PESPA BV KEIZERSLAAN 10, 1040 BRUSSEL 4 · event 18-02-2025
2024
23-10-2024
State Gazette act Capital & shares
24-04-2024
State Gazette act Capital & shares
02-01-2024
State Gazette act Registered-office change
2023
18-09-2023
State Gazette act Capital & shares
27-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
10-03-2023
State Gazette act Director changes
2022
22-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
26-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
30-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
30-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
30-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
23-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
22-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
31-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
19-08-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
Lifecycle & Insolvency Signals2 events
12-05-2025
KBO administration Address struck
 · Publications in State Gazette ↗
Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 1 further earlier event in this file, covering 18-02-2025 to 12-05-2025.

Available in Kantoor S. See plans →
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-02-25 · Bankruptcy · Opening2025-05-12 · KBO administration · Address struck
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 10 acts read

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 5 acts
Capital history · 3
23-10-2024
Capital change
24-04-2024
Capital change
18-09-2023
Capital change
Address history · 1
02-01-2024
Registered-office move
All acts · 5 updated 1 year ago
2024
23-10-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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  "events": [
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    {
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          "name": "Teixeira Ferreira Jorge David",
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        }
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    },
    {
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      "subscribers": [
        {
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          "rrn": null,
          "kind": "person",
          "name": "Teixeira Ferreira Jorge David",
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        }
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      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-10-23",
    "filing_date": "2024-10-15",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
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    "act_date": "2024-10-15",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-09-30"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0822.142.108",
    "name_full": "BALUSTRADE PESPA",
    "legal_form": "Soci\u00E9t\u00E9 priv\u00E9e \u00E0 responsabilit\u00E9 limit\u00E9e",
    "_kbo_filled_from_list": true,
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Teixeira Ferreira Jorge David",
      "role": "aandeelhouder",
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Ignat Mihaela",
      "role": "simple_associ\u00E9",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
24-04-2024 Transaction in capital or shares Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Ignat Mihaela",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-04-24",
    "filing_date": "2024-04-01",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2024-04-16",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-04-01"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0822.142.108",
    "name_full": "BALUSTRADE PESPA",
    "legal_form": "Soci\u00E9t\u00E9 priv\u00E9e \u00E0 responsabilit\u00E9 limit\u00E9e",
    "is_foreign_registered": true
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Ignat Mihaela",
      "role": "g\u00E9rant_statutaire",
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "El Hilali Nour-din",
      "role": "simple_associ\u00E9",
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Haddadi Amine",
      "role": "simple_associ\u00E9",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
02-01-2024 Registered office moved from Berchem-Sainte-Agathe to Bruxelles Registered-office change
  • Avenue Josse Goffin 147, 1082 Berchem-Sainte-Agathe → Rue de Laubespin 55, 1020 Bruxelles
Technical details 
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    {
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      "seat_type": "siege_social",
      "new_address": {
        "raw": "Rue de Laubespin 55, 1020 Bruxelles",
        "city": "Bruxelles",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Rue de Laubespin",
        "country": "BE",
        "postcode": "1020",
        "box_number": null,
        "street_number": "55",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Avenue Josse Goffin 147, 1082 Berchem-Sainte-Agathe",
        "city": "Berchem-Sainte-Agathe",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Avenue Josse Goffin",
        "country": "BE",
        "postcode": "1082",
        "box_number": null,
        "street_number": "147",
        "locality_suffix": "(Berchem-Sainte-Agathe)"
      },
      "effective_date": null,
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "not_specified",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
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    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-01-02",
    "filing_date": "2023-12-20",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2023-11-02",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0822.142.108",
    "name_full": "BALUSTRADE PESPA",
    "legal_form": "SRL",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "El Hilali Nour-Din",
    "org_rep_person_name": null,
    "person_role_at_subject": "pr\u00E9sident"
  },
  "co_filed_documents": []
}
2023
18-09-2023 All shares are now held by a single shareholder Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
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      "subscribers": [
        {
          "kbo": null,
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          "kind": "person",
          "name": "Monsieur Toujait Said",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 50,
          "contribution_amount_eur": null
        },
        {
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        },
        {
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          "name": "Monsieur Haddadi Amine",
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        }
      ],
      "decrease_purpose": null,
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    },
    {
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    }
  ],
  "notary": {
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    "firm_name": null,
    "office_city": "Erettelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": null,
    "filing_date": "2023-09-03",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
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    "act_date": "2023-08-28",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-08-28"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0822.142.108",
    "name_full": "BALUSTRADE PESPA",
    "legal_form": "Soci\u00E9t\u00E9 Priv\u00E9 \u00E0 Responsabilit\u00E9 Limit\u00E9e",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
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  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Monsieur El Hilali Nour-Din",
      "role": "aandeelhouder",
      "n_shares": 50,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Monsieur Haddadi Amine",
      "role": "aandeelhouder",
      "n_shares": 50,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
10-03-2023 1 director appointed, 3 resigning Director changes
  • TOUJAIT Said, Gedelegeerd bestuurder
  • ARFAOUI Mohammed, Gedelegeerd bestuurder
  • KHAIF ALLAH Khadija, Gedelegeerd bestuurder
  • EL BATTAHl Jamila, Gedelegeerd bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "administrateur_d\u00E9l\u00E9gu\u00E9",
      "person": {
        "rrn": null,
        "name": "ARFAOUI Mohammed",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2023-02-26",
      "evidence_quote": "Mr ARFAOUI Mohammed d\u00E9missionne de son poste d\u0027Administrateur \u00E0 compter du 26/02/2023",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "decharge_granted",
      "role": "administrateur_d\u00E9l\u00E9gu\u00E9",
      "person": {
        "rrn": null,
        "name": "ARFAOUI Mohammed",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "d\u00E9charge lui est donn\u00E9e pour l\u0027exercice de son mandat",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "administrateur_d\u00E9l\u00E9gu\u00E9",
      "person": {
        "rrn": null,
        "name": "TOUJAIT Said",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2023-02-26",
      "evidence_quote": "Mr TOUJAIT Said est nomm\u00E9 Administrateur \u00E0 compter du 26/02/2023",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "administrateur_d\u00E9l\u00E9gu\u00E9",
      "person": {
        "rrn": null,
        "name": "KHAIF ALLAH Khadija",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2023-02-26",
      "evidence_quote": "Mme KHAIF ALLAH Khadija et Mme EL BATTAHI Jamila perdent leur statut d\u0027associ\u00E9e active \u00E0 compter du 26/02/2023",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "administrateur_d\u00E9l\u00E9gu\u00E9",
      "person": {
        "rrn": null,
        "name": "EL BATTAHl Jamila",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2023-02-26",
      "evidence_quote": "Mme KHAIF ALLAH Khadija et Mme EL BATTAHI Jamila perdent leur statut d\u0027associ\u00E9e active \u00E0 compter du 26/02/2023",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Ixelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2023-03-10",
    "filing_date": "2023-03-02",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2022-02-26",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0822.142.108",
    "name_full": "BALUSTRADE PESPA",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR BALUSTRADE PESPA
Registration history
  1. 12-05-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative