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BARCHA

Active
Private limited companyfounded 2023active for 3 yearsTereken 56, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0803.185.239
Summary

The computed 12-month bankruptcy probability of BARCHA is 7.8% (elevated). The 2024 annual accounts show equity of €5,450 and a net result of €450. Its solvency ranks better than 33% of 18,734 sector peers (NACE 56, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2024 annual accounts filed late (60 days) Filed on 29 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00523423.

Equity
€5,450
Total assets
€57,386
Net result
€450
Working capital
-€16,898

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €57,386
Fixed assets €22,348
Current assets €35,038
Equity and liabilities €57,386
Equity €5,450
Debt €51,936
Debt finances 90.5% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€107,428
Cash flow
€8,162
Current ratio
0.67
Quick ratio
0.61
Debt to equity
9.53
ROE
8.3%
ROA
0.8%
Interest coverage
75.92
Debt ≤ 1 year
€51,936
Income taxes
€2,329
Staff costs
€9,458

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.3% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 7.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,135 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 40 lines
Balance sheet Code2024
Assets
Total assets20/58€57,386
Fixed assets21/28€22,348
Intangible fixed assets21€6,213
Tangible fixed assets22/27€16,135
Plant, machinery and equipment23€16,135
Current assets29/58€35,038
Stocks and contracts in progress3€3,425
Stocks30/36€3,425
Amounts receivable within one year40/41€26,549
Trade receivables40€25,234
Other amounts receivable41€1,315
Current investments50/53€1,008
Cash at bank and in hand54/58€4,056
Equity and liabilities
Total equity and liabilities10/49€57,386
Equity10/15€5,450
Contributions10/11€5,000
Profit (loss) carried forward14€450
Amounts payable17/49€51,936
Amounts payable within one year42/48€51,936
Trade debts44€46,181
Suppliers440/4€46,181
Taxes, remuneration and social security45€5,755
Taxes450/3€4,458
Remuneration and social security454/9€1,297
Income statement Code2024
Remuneration, social security and pensions62€9,458
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,712
Other operating charges640/8€1,730
Non-recurring operating charges66A€1,522
Gross operating margin9900€120,138
Operating profit (loss)9901€99,716
Financial income75/76B€38
Recurring financial income75€38
Financial charges65/66B€96,975
Recurring financial charges65€1,415
Non-recurring financial charges66B€95,560
Profit (loss) for the period before taxes9903€2,779
Income taxes67/77€2,329
Profit (loss) for the period9904€450
Profit (loss) for the period to be appropriated9905€450
Appropriation of the result
Profit (loss) to be appropriated9906€450

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€9,458
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,712
Other operating charges640/8€1,730
Non-recurring operating charges66A€1,522
Gross operating margin9900€120,138
Operating profit (loss)9901€99,716
Financial income75/76B€38
Recurring financial income75€38
Financial charges65/66B€96,975
Recurring financial charges65€1,415
Non-recurring financial charges66B€95,560
Profit (loss) for the period before taxes9903€2,779
Income taxes67/77€2,329
Profit (loss) for the period9904€450
Profit (loss) for the period to be appropriated9905€450
Line2024
Assets
Total assets20/58€57,386
Fixed assets21/28€22,348
Intangible fixed assets21€6,213
Tangible fixed assets22/27€16,135
Plant, machinery and equipment23€16,135
Current assets29/58€35,038
Stocks and contracts in progress3€3,425
Stocks30/36€3,425
Amounts receivable within one year40/41€26,549
Trade receivables40€25,234
Other amounts receivable41€1,315
Current investments50/53€1,008
Cash at bank and in hand54/58€4,056
Equity and liabilities
Total equity and liabilities10/49€57,386
Equity10/15€5,450
Contributions10/11€5,000
Profit (loss) carried forward14€450
Amounts payable17/49€51,936
Amounts payable within one year42/48€51,936
Trade debts44€46,181
Suppliers440/4€46,181
Taxes, remuneration and social security45€5,755
Taxes450/3€4,458
Remuneration and social security454/9€1,297
Line2024
Profit (loss) for the period9904€450
+ Depreciation and write-downs630€7,712
Operating cash flow (approximation)€8,162

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.