BANEO
Open bankruptcySummary
A bankruptcy procedure is open for BANEO according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €14k and a net result of €1k.
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 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€14k▲ 8.1%
2021 · €13k
2021: €13k
2022: €14k▲ +8.1% vs 2021
2021 → 2022
Total assets
€110k▼ 20.2%
2021 · €138k
2021: €138k
2022: €110k▼ -20.2% vs 2021
2021 → 2022
Net result
€1k
2021 · €-7k
2021: €-7k
2022: €1k▲ +114% vs 2021
2021 → 2022
Working capital
€-21k▲ 10.3%
2021 · €-23k
2021: €-23k
2022: €-21k▲ +10.3% vs 2021
2021 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Equity€13k-€14k▲ 8.1%
2021: €13k
2022: €14k▲ +8.1% vs 2021
Operating result€-6k-€3k
2021: €-6k
2022: €3k▲ +152% vs 2021
Net result€-7k-€1k
2021: €-7k
2022: €1k▲ +114% vs 2021
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 2022: €3k after a loss of €6k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €109k
Fixed assets
€34k ▼ 3.0%
Current assets
€76k ▼ 26.0%
Equity and liabilities €110k
Equity
€14k ▲ 8.1%
Debt
€97k ▼ 23.1%
Debt's share of the balance-sheet total falls from 90.8% to 87.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8k▲
2021 · €-4k
Cash flow
€6k▲
2021 · €-5k
Current ratio
0.78▼
2021 · 0.82
Quick ratio
0.09▼
2021 · 0.17
Debt to equity
7.03▼
2021 · 9.88
ROE
7.5%▲
2021 · -57.3%
ROA
0.9%▲
2021 · -5.3%
Interest coverage
4.65▲
2021 · -5.34
Debt ≤ 1 year
€97k▼
2021 · €126k
Income taxes
€637
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 · 2022 against 2021 · 43 lines
Balance sheet
Code20212022
Assets
Total assets20/58€138k€110k▼
Formation expenses20€1k€902▼
Fixed assets21/28€35k€34k▼
Tangible fixed assets22/27€24k€23k▼
Plant, machinery and equipment23€14k€12k▼
Furniture and vehicles24€2k€4k▲
Other tangible fixed assets26€8k€7k▼
Financial fixed assets28€11k€11k▲
Current assets29/58€102k€76k▼
Stocks and contracts in progress3€81k€67k▼
Stocks30/36€36k€34k▼
Contracts in progress37€45k€33k▼
Amounts receivable within one year40/41€13k€3k▼
Trade receivables40€13k€3k▼
Other amounts receivable41€20-
Cash at bank and in hand54/58€7k€4k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€138k€110k▼
Equity10/15€13k€14k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-7k€-6k▲
Amounts payable17/49€126k€97k▼
Amounts payable within one year42/48€126k€97k▼
Trade debts44€16k€20k▲
Suppliers440/4€16k€20k▲
Advances received on contracts in progress46€44k€13k▼
Taxes, remuneration and social security45€13k€27k▲
Taxes450/3€13k€27k▲
Other amounts payable47/48€53k€36k▼
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€356€14k▲
Operating profit (loss)9901€-6k€3k▲
Financial income75/76B€22€19▼
Recurring financial income75€22€19▼
Financial charges65/66B€818€2k▲
Recurring financial charges65€818€2k▲
Profit (loss) for the period before taxes9903€-7k€2k▲
Income taxes67/77-€637
Profit (loss) for the period9904€-7k€1k▲
Profit (loss) for the period to be appropriated9905€-7k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-6k▲
Profit (loss) brought forward from the previous period14P-€-7k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €5k | ▲ 117% |
| Other operating charges640/8 | €5k | €6k | ▲ 32.0% |
| Gross operating margin9900 | €356 | €14k | ▲ 3,890% |
| Operating profit (loss)9901 | €-6k | €3k | ▲ 152% |
| Financial income75/76B | €22 | €19 | ▼ 13.7% |
| Recurring financial income75 | €22 | €19 | ▼ 13.7% |
| Financial charges65/66B | €818 | €2k | ▲ 109% |
| Recurring financial charges65 | €818 | €2k | ▲ 109% |
| Profit (loss) for the period before taxes9903 | €-7k | €2k | ▲ 123% |
| Income taxes67/77 | - | €637 | - |
| Profit (loss) for the period9904 | €-7k | €1k | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €1k | ▲ 114% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €138k | €110k | ▼ 20.2% |
| Formation expenses20 | €1k | €902 | ▼ 26.1% |
| Fixed assets21/28 | €35k | €34k | ▼ 3.0% |
| Tangible fixed assets22/27 | €24k | €23k | ▼ 5.4% |
| Plant, machinery and equipment23 | €14k | €12k | ▼ 12.8% |
| Furniture and vehicles24 | €2k | €4k | ▲ 55.2% |
| Other tangible fixed assets26 | €8k | €7k | ▼ 11.8% |
| Financial fixed assets28 | €11k | €11k | ▲ 2.3% |
| Current assets29/58 | €102k | €76k | ▼ 26.0% |
| Stocks and contracts in progress3 | €81k | €67k | ▼ 17.9% |
| Stocks30/36 | €36k | €34k | ▼ 5.6% |
| Contracts in progress37 | €45k | €33k | ▼ 27.8% |
| Amounts receivable within one year40/41 | €13k | €3k | ▼ 75.9% |
| Trade receivables40 | €13k | €3k | ▼ 75.9% |
| Other amounts receivable41 | €20 | - | - |
| Cash at bank and in hand54/58 | €7k | €4k | ▼ 40.0% |
| Deferred charges and accrued income490/1 | €2k | €2k | ▲ 12.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €138k | €110k | ▼ 20.2% |
| Equity10/15 | €13k | €14k | ▲ 8.1% |
| Contributions10/11 | €20k | €20k | = |
| Profit (loss) carried forward14 | €-7k | €-6k | ▲ 14.1% |
| Amounts payable17/49 | €126k | €97k | ▼ 23.1% |
| Amounts payable within one year42/48 | €126k | €97k | ▼ 23.1% |
| Trade debts44 | €16k | €20k | ▲ 27.6% |
| Suppliers440/4 | €16k | €20k | ▲ 27.6% |
| Advances received on contracts in progress46 | €44k | €13k | ▼ 69.7% |
| Taxes, remuneration and social security45 | €13k | €27k | ▲ 113% |
| Taxes450/3 | €13k | €27k | ▲ 113% |
| Other amounts payable47/48 | €53k | €36k | ▼ 32.0% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €1k | ▲ 114% |
| + Depreciation and write-downs630 | €2k | €5k | ▲ 117% |
| Operating cash flow (approximation) | €-5k | €6k | ▲ 209% |
| Investment in fixed assets (approximation) | - | €-4k | - |
| Change in cash | - | €-3k | - |
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
2024
18-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 12-09-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Maasmechelen · 1 establishment unit since 2020
Ground area
1,080 m²
Building footprint
688 m²
Volume, LiDAR
4,295 m³
Parcel 73048B0080/00E000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BANEO
since 20202.309.790.724
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048B0080/00E000 | Flanders | 1,080 m² | 1 · 688 m² | 7.3 m · 2 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | VICTOR ENGELEN HEREBAAN-OOST 3/1, 3530 02
HOUTHALEN-HELCHTEREN |
12-09-2024 → present |
| Curator | GODFREY
LESIRE LIEVEHEREBOOMSTRAAT 118,
3720 KORTESSEM |
12-09-2024 → present |
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Of 1,804 companies in sector 46831 we hold annual accounts for 1,397. 360 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
Founded07-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
46180Agents specialised in the wholesale of other particular products
46842Wholesale trade
47300Retail sale of automotive fuel
47527Retail trade
63920Other information service activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.