BARAKA
InactiveBARAKA was declared bankrupt on 18-07-2022 (Ondernemingsrechtbank Gent, afdeling Oostende); the bankruptcy was closed by liquidation by judgment of 10-06-2024, published in the Belgian State Gazette on 26-06-2024.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 12-10-2020, 73 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
not filed
2021
not filed
2020
not filed
2019
73 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 73 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2019, micro schema
Equity
-€1,923
2018 · €5,491
Total assets
€5,780▼ 74.6%
2018 · €22,774
Net result
-€7,413▼ 7.3%
2018 · -€6,909
Working capital
-€7,703▼ 488%
2018 · -€1,309
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
Line20182019
Operating result-€6,844--€7,326▼ 7.0%
Net result-€6,909--€7,413▼ 7.3%
Equity€5,491--€1,923
Total assets€22,774-€5,780▼ 74.6%
Debt€17,284-€7,703▼ 55.4%
Working capital-€1,309--€7,703▼ 488%
Staff (FTE)2.3-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,326 in 2019 against €6,844 in 2018; the loss grows.
Key figures and ratios
EBITDA
-€6,306▲
2018 · -€6,844
Cash flow
-€6,393▲
2018 · -€6,909
Solvency
-33.3%▼
2018 · 24.1%
Current ratio
0.00▼
2018 · 0.92
ROA
-128.3%▼
2018 · -30.3%
Debt ≤ 1 year
€7,703▼
2018 · €17,284
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €1,020 | - |
| Gross operating margin9900 | €18,034 | €17,742 | ▼ 1.6% |
| Operating profit (loss)9901 | -€6,844 | -€7,326 | ▼ 7.0% |
| Recurring financial income75 | €0 | - | - |
| Recurring financial charges65 | €65 | €87 | ▲ 33.0% |
| Profit (loss) for the period before taxes9903 | -€6,909 | -€7,413 | ▼ 7.3% |
| Income taxes67/77 | €0 | - | - |
| Profit (loss) for the period9904 | -€6,909 | -€7,413 | ▼ 7.3% |
| Profit (loss) for the period to be appropriated9905 | -€6,909 | -€7,413 | ▼ 7.3% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €22,774 | €5,780 | ▼ 74.6% |
| Formation expenses20 | €0 | - | - |
| Fixed assets21/28 | €6,800 | €5,780 | ▼ 15.0% |
| Intangible fixed assets21 | €6,800 | €5,780 | ▼ 15.0% |
| Tangible fixed assets22/27 | €0 | - | - |
| Financial fixed assets28 | €0 | - | - |
| Current assets29/58 | €15,974 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €0 | - | - |
| Amounts receivable within one year40/41 | €15,974 | €0 | ▼ 100% |
| Current investments50/53 | €0 | - | - |
| Cash at bank and in hand54/58 | €0 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €22,774 | €5,780 | ▼ 74.6% |
| Equity10/15 | €5,491 | -€1,923 | ▼ 135% |
| Contributions10/11 | €12,400 | €12,400 | = |
| Reserves13 | €0 | - | - |
| Profit (loss) carried forward14 | -€6,909 | -€14,323 | ▼ 107% |
| Provisions and deferred taxes16 | €0 | - | - |
| Amounts payable17/49 | €17,284 | €7,703 | ▼ 55.4% |
| Amounts payable after more than one year17 | €0 | - | - |
| Amounts payable within one year42/48 | €17,284 | €7,703 | ▼ 55.4% |
| Trade debts44 | €16,838 | €7,269 | ▼ 56.8% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€6,909 | -€7,413 | ▼ 7.3% |
| + Depreciation and write-downs630 | €0 | €1,020 | - |
| Operating cash flow (approximation) | -€6,909 | -€6,393 | ▲ 7.5% |
| Investment in fixed assets (approximation) | - | €0 | - |
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
26-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Oostende · event 10-06-2024
2022
26-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 18-07-2022
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JAN FERLIN L.SPILLIAERTSTRAAT 63,
8400 OOSTENDE |
18-07-2022 → 10-06-2024 |
| Curator | GREGORY BELPAME L. SPILLIAERTSTRAAT 63, 8400 OOSTENDE- gregory@ferlin-
belpame.be |
18-07-2022 → 10-06-2024 |