Barasg
ActiveSummary
Barasg has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-25k) and a net result of €-20k. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 11% of 541 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency0▼-21
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.54 against 1.54 in 2023; short-term debt: 61.1% and cash: 8.8% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-37.1%
Return on assets
-30.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-25k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
1 d late
2022
67 d late
2021
22 d late
2020
33 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-25k▼ 450%
2023 · €-4k
2018: €-86klowest in 7 years
2019: €-64k▲ +25.8% vs 2018
2020: €-48k▲ +23.8% vs 2019
2021: €-32k▲ +34.0% vs 2020
2022: €-43k▼ -34.8% vs 2021
2023: €-4k▲ +89.6% vs 2022highest in 7 years
2024: €-25k▼ -450% vs 2023
2018 → 2024
Total assets
€66k▼ 43.7%
2023 · €118k
2018: €41k
2019: €27k▼ -34.4% vs 2018lowest in 7 years
2020: €34k▲ +27.2% vs 2019
2021: €41k▲ +20.0% vs 2020
2022: €70k▲ +69.8% vs 2021
2023: €118k▲ +69.6% vs 2022highest in 7 years
2024: €66k▼ -43.7% vs 2023
2018 → 2024
Net result
€-20k
2023 · €39k
2018: €-6k
2019: €22k▲ +470% vs 2018
2020: €15k▼ -31.6% vs 2019
2021: €16k▲ +9.0% vs 2020
2022: €-11k▼ -168% vs 2021
2023: €39k▲ +447% vs 2022highest in 7 years
2024: €-20k▼ -152% vs 2023lowest in 7 years
2018 → 2024
Working capital
€22k▼ 44.1%
2023 · €39k
2018: €-2k
2019: €-12k▼ -569% vs 2018lowest in 7 years
2020: €3k▲ +127% vs 2019
2021: €11k▲ +235% vs 2020
2022: €-881▼ -108% vs 2021
2023: €39k▲ +4521% vs 2022highest in 7 years
2024: €22k▼ -44.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-48k-€-32k▲ 34.0%€-43k▼ 34.8%€-4k▲ 89.6%€-25k▼ 450%
2020: €-48klowest in 5 years
2021: €-32k▲ +34.0% vs 2020
2022: €-43k▼ -34.8% vs 2021
2023: €-4k▲ +89.6% vs 2022highest in 5 years
2024: €-25k▼ -450% vs 2023
Operating result€19k-€19k▲ 1.4%€-11k€40k€-20k
2020: €19k
2021: €19k▲ +1.4% vs 2020
2022: €-11k▼ -159% vs 2021
2023: €40k▲ +460% vs 2022highest in 5 years
2024: €-20k▼ -149% vs 2023lowest in 5 years
Net result€15k-€16k▲ 9.0%€-11k€39k€-20k
2020: €15k
2021: €16k▲ +9.0% vs 2020
2022: €-11k▼ -168% vs 2021
2023: €39k▲ +447% vs 2022highest in 5 years
2024: €-20k▼ -152% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €20k after €40k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €66k
Fixed assets
€4k ▼ 38.8%
Current assets
€62k ▼ 44.0%
Key figures and ratios
EBITDA
€-17k▼
2023 · €42k
Cash flow
€-18k▼
2023 · €41k
Solvency
-37.1%▼
2023 · -3.8%
Current ratio
1.54▼
2023 · 1.54
Quick ratio
0.77▼
2023 · 1.32
Debt to equity
-3.70▲
2023 · -27.36
ROA
-30.3%▼
2023 · 32.8%
Interest coverage
-29.87▼
2023 · 121.58
Debt
€91k▼
2023 · €122k
Debt ≤ 1 year
€41k▼
2023 · €72k
Debt > 1 year
€50k=
2023 · €50k
Income taxes
€0▼
2023 · €682
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€118k€66k▼
Fixed assets21/28€7k€4k▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€3k€2k▼
Current assets29/58€111k€62k▼
Stocks and contracts in progress3€16k€31k▲
Stocks30/36€16k€31k▲
Amounts receivable within one year40/41€68k€25k▼
Trade receivables40€60k€21k▼
Other amounts receivable41€8k€5k▼
Cash at bank and in hand54/58€27k€6k▼
Deferred charges and accrued income490/1€219€9▼
Equity and liabilities
Total equity and liabilities10/49€118k€66k▼
Equity10/15€-4k€-25k▼
Contributions10/11€16k€16k=
Profit (loss) carried forward14€-21k€-41k▼
Amounts payable17/49€122k€91k▼
Amounts payable after more than one year17€50k€50k=
Financial debts170/4€50k€50k=
Amounts payable within one year42/48€72k€41k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Advances received on contracts in progress46€62k€24k▼
Taxes, remuneration and social security45€682€682=
Taxes450/3€682€682=
Other amounts payable47/48€6k€14k▲
Accrued charges and deferred income492/3€64€453▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€-1k▲
Other operating charges640/8€755€669▼
Non-recurring operating charges66A€3k€780▼
Gross operating margin9900€45k€-17k▼
Operating profit (loss)9901€40k€-20k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€349€569▲
Recurring financial charges65€349€569▲
Profit (loss) for the period before taxes9903€39k€-20k▼
Income taxes67/77€682€0▼
Profit (loss) for the period9904€39k€-20k▼
Profit (loss) for the period to be appropriated9905€39k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-41k▼
Profit (loss) brought forward from the previous period14P€-59k€-21k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €156 | €1k | €2k | €3k | €3k | ▼ 7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-7k | €-5k | €-2k | €-1k | ▲ 29.5% |
| Other operating charges640/8 | - | €718 | €5k | €755 | €669 | ▼ 11.4% |
| Non-recurring operating charges66A | - | - | - | €3k | €780 | ▼ 76.8% |
| Gross operating margin9900 | €26k | €14k | €-8k | €45k | €-17k | ▼ 137% |
| Operating profit (loss)9901 | €19k | €19k | €-11k | €40k | €-20k | ▼ 149% |
| Financial income75/76B | - | €1 | €2k | €0 | - | - |
| Recurring financial income75 | €0 | €1 | €2k | €0 | - | - |
| Financial charges65/66B | - | €2k | €2k | €349 | €569 | ▲ 62.9% |
| Recurring financial charges65 | €3k | €2k | €2k | €349 | €569 | ▲ 62.9% |
| Profit (loss) for the period before taxes9903 | €15k | €16k | €-11k | €39k | €-20k | ▼ 151% |
| Income taxes67/77 | - | - | - | €682 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €15k | €16k | €-11k | €39k | €-20k | ▼ 152% |
| Profit (loss) for the period to be appropriated9905 | €15k | €16k | €-11k | €39k | €-20k | ▼ 152% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34k | €41k | €70k | €118k | €66k | ▼ 43.7% |
| Fixed assets21/28 | €4 | €10k | €9k | €7k | €4k | ▼ 38.8% |
| Intangible fixed assets21 | - | €7k | €5k | €4k | €2k | ▼ 41.2% |
| Tangible fixed assets22/27 | €4 | €3k | €4k | €3k | €2k | ▼ 35.9% |
| Plant, machinery and equipment23 | - | €3k | €4k | €3k | €2k | ▼ 35.9% |
| Current assets29/58 | €34k | €31k | €60k | €111k | €62k | ▼ 44.0% |
| Stocks and contracts in progress3 | €11k | €16k | €13k | €16k | €31k | ▲ 99.4% |
| Stocks30/36 | - | €16k | €13k | €16k | €31k | ▲ 99.4% |
| Amounts receivable within one year40/41 | €8k | €4k | €12k | €68k | €25k | ▼ 62.8% |
| Trade receivables40 | - | €914 | €4k | €60k | €21k | ▼ 65.3% |
| Other amounts receivable41 | - | €3k | €8k | €8k | €5k | ▼ 43.7% |
| Cash at bank and in hand54/58 | €16k | €11k | €35k | €27k | €6k | ▼ 78.4% |
| Deferred charges and accrued income490/1 | - | €129 | €250 | €219 | €9 | ▼ 95.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34k | €41k | €70k | €118k | €66k | ▼ 43.7% |
| Equity10/15 | €-48k | €-32k | €-43k | €-4k | €-25k | ▼ 450% |
| Contributions10/11 | - | €16k | €16k | €16k | €16k | = |
| Profit (loss) carried forward14 | €-65k | €-48k | €-59k | €-21k | €-41k | ▼ 97.9% |
| Amounts payable17/49 | €83k | €73k | €113k | €122k | €91k | ▼ 25.6% |
| Amounts payable after more than one year17 | €50k | €50k | €50k | €50k | €50k | = |
| Financial debts170/4 | - | €50k | €50k | €50k | €50k | = |
| Amounts payable within one year42/48 | €31k | €20k | €61k | €72k | €41k | ▼ 43.9% |
| Current portion of amounts payable after more than one year42 | - | €18k | €5k | €0 | - | - |
| Trade debts44 | €3k | €2k | €2k | €3k | €2k | ▼ 50.6% |
| Suppliers440/4 | - | €2k | €2k | €3k | €2k | ▼ 50.6% |
| Advances received on contracts in progress46 | - | - | €52k | €62k | €24k | ▼ 61.3% |
| Taxes, remuneration and social security45 | - | - | - | €682 | €682 | = |
| Taxes450/3 | - | - | - | €682 | €682 | = |
| Other amounts payable47/48 | - | €695 | €3k | €6k | €14k | ▲ 127% |
| Accrued charges and deferred income492/3 | - | €3k | €2k | €64 | €453 | ▲ 612% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €16k | €-11k | €39k | €-20k | ▼ 152% |
| + Depreciation and write-downs630 | €156 | €1k | €2k | €3k | €3k | ▼ 7.2% |
| Operating cash flow (approximation) | €15k | €18k | €-9k | €41k | €-18k | ▼ 142% |
| Investment in fixed assets (approximation) | - | €-11k | €-2k | €0 | €0 | - |
| Change in cash | - | €-5k | €24k | €-8k | €-21k | ▼ 179% |
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
2026
25-09
State Gazette act
Resignation: DE BRAUWER Annick (director)Appointment: BARROSO MARTINEZ Jorge (gewone bestuurder) · Statutes amendment · Capital conversion11 facts ▸
State Gazette act
Resignation: DE BRAUWER Annick (director)
Appointment: BARROSO MARTINEZ Jorge (gewone bestuurder) · Statutes amendment · Capital conversion11 facts ▸
- Statutes amendment
- Capital conversion, statutair onbeschikbare eigen vermogensrekening
- Reserve release, na toepassing van de balans- en liquiditeitstest overeenkomstig de artikelen 5:142 en 5:143 van het Wetboek van vennootschappen en verenigingen, enige aandeelho…
- Name change, Barasg
- Purpose change
- Statutes amendment
- Capital
- Director resignation, DE BRAUWER Annick (director)
- Director appointment, BARROSO MARTINEZ Jorge (gewone bestuurder)
- Registered-office move, Moeshofstraat 98/102, 2170 Antwerpen (district Merksem)
- Declaration, declaration of sole shareholder, artikel 2:8 § 4 van het Wetboek van vennootschappen en verenigingen
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
BARROSO MARTINEZ Jorge
CurrentGewone bestuurder · since 01-09-2026
01-09-2026
BARROSO MARTINEZ Jorge: Appointed as Gewone bestuurder
01-09-2026
DE BRAUWER Annick: Resigned as Director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2010
Ground area
582 m²
Building footprint
137 m²
Volume, LiDAR
722 m³
Parcel 46014A0044/00L000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gooooo
since 20102.190.670.962
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0044/00L000 | Flanders | 582 m² | 1 · 137 m² | 7.9 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.
Articles of association
Who signs
“Vertegenwoordiging Iedere bestuurder vertegenwoordigt de vennootschap in en buiten rechte. Wanneer de vennootschap optreedt als bestuursorgaan van andere vennootschappen, dan wordt de vennootschap enkel rechtsgeldig vertegenwoordigd door de vaste vertegenwoordiger die alleen handelt. De vennootschap…”
Full text
Vertegenwoordiging Iedere bestuurder vertegenwoordigt de vennootschap in en buiten rechte. Wanneer de vennootschap optreedt als bestuursorgaan van andere vennootschappen, dan wordt de vennootschap enkel rechtsgeldig vertegenwoordigd door de vaste vertegenwoordiger die alleen handelt. De vennootschap wordt, binnen hun bevoegdheidssfeer, tevens rechtsgeldig vertegenwoordigd door de personen belast met het dagelijks bestuur of door een bijzonder gevolmachtigde. Gewone algemene vergadering Ieder jaar moet er een algemene vergadering worden gehouden op de zetel of op een andere in de bijeenroepingen aange-duide plaats. Deze gewone algemene vergadering vindt plaats op de eerste dinsdag van de maand juni, om achttien (18:00) uur .
Annual meeting
First Tuesday of June at 18:00
Duration
Unlimited
Purpose
Het uitvoeren van alle werkzaamheden met betrekking tot de bouw, verbouwing, renovatie, afwerking, inrichting, onderhoud, herstelling en restauratie van gebouwen, woningen…
Full purpose (13 activities)
- Het uitvoeren van alle werkzaamheden met betrekking tot de bouw, verbouwing, renovatie, afwerking, inrichting, onderhoud, herstelling en restauratie van gebouwen, woningen, appartementen, handelszaken, industriële panden en andere onroerende goederen
- De aan- en verkoop, huur en verhuur van alle materialen die betrekking hebben op bouwwerkzaamheden
- Het verrichten van algemene aannemingswerken, coördinatie van bouwprojecten, projectontwikkeling, projectmanagement en werfopvolging, evenals alle werkzaamheden in verband met ruwbouw, afbraakwerken, grondwerken, metselwerken, dak-werken, gevelwerken, schrijnwerkerij, elektriciteit, sanitair, verwarming, ventilatie, isolatie, schilderwerken, vloer- en tegelwerken en alle aanverwante activiteiten
- De ontwikkeling, de verwezenlijking en de commercialisering van vastgoedprojecten
- De aankoop, verkoop, ruil, inbreng, verkaveling, ontwikkeling, promotie, uitbating, verhuur, onderverhuur, leasing, beheer en valorisatie van alle onroerende goederen
- Het verwerven, beheren, administreren, exploiteren en vervreemden van gronden, gebouwen, appartementen, handelspanden, kantoren, magazijnen, industriële gebouwen en alle andere vastgoedactiva
- Het optreden als bouwheer, projectontwikkelaar, vastgoedontwikkelaar of vastgoed-beheerder
- Onder eender welke vorm, participaties te verwerven en aan te houden in vennootschappen en ondernemingen
- Het deelnemen in of de directie voeren over andere vennootschappen en ondernemingen; het management en het bestuur van om het even welke ondernemingen en vennootschappen; het optreden als vereffenaar
- Het verlenen van diensten in de meest ruime zin aan bedrijven, ondernemingen, overheidsorganisaties en particulieren in verband met de organisatie, management en ontwikkeling van hun beroepsactiviteiten. Het stellen van alle daden van beheer, bijstand en management van industriële en handelsvennootschappen, zowel door rechtstreekse deelname aan het bestuur als bij wijze van managementovereenkomst, zonder dat deze opsomming beperkend is. Het verlenen van technische, administratieve of commerciële bijstand aan alle Belgische en buitenlandse ondernemingen; het verlenen van financiële bijstand
- Haar patrimonium, bestaande uit onroerende en roerende goederen en rechten, te behouden, in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden; alle onroerende verrichtingen, inclusief onroerende leasing
- De aankoop, verhuur, onderhoud en verkoop van alle roerende goederen – desgevallend ten behoeve van eigen handelsverrichtingen of voor handelsverrichtingen van derden – zoals alle soorten materieel, gereedschappen, machines, installaties en computers, soft- en hardware
- Het aanvragen, verwerven, verhandelen en exploiteren van licenties, octrooien, merken en dergelijke
Other provisions of the articles (15)
- Legal form clause: besloten vennootschap, BV
- Name clause: Barasg
- Registered office clause: Vlaams Gewest
- Transfer restriction: overdracht van aandelen, in de statuten opgelegde regelingen
- Board rule: met of zonder beperking van duur, 1
- Board rule: hoofdelijk met hem aansprakelijk, moet aan dezelfde voorwaarden voldoen als de rechtspersoon
- Board rule (3)
- Board rule: alleen, gezamenlijk of als college, handelingen en beslissingen die niet verder reiken dan de behoeften van het dagelijkse leven van de vennootschap, evenals de…
- Other statement (3)
- Profit allocation
- Liquidation rule: In geval van ontbinding zal de algemene vergadering de wijze van vereffening bepalen overeenkomstig de wettelijke bepalingen, Na aanzuivering van alle schulden,…
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 459 companies in sector 31009 we hold annual accounts for 125. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-08-2010
Fiscal year end31-12
Activities, NACEBEL 2025
31009Manufacture of furniture
23410Manufacture of ceramic household and ornamental articles
46499Wholesale of other household goods
47522Retail trade
47553Retail trade
Scores and ratios are computed by Checked and are not a credit decision.