BAROUDI GROUP
InactiveBAROUDI GROUP was declared bankrupt on 04-10-2021 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed for insufficient assets by judgment of 14-11-2022, published in the Belgian State Gazette on 18-11-2022.
Summary
Inactive; last annual accounts for fiscal year 2020.
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 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-19k
2019 · €39k
2018: €41khighest in 3 years
2019: €39k▼ -5.2% vs 2018
2020: €-19k▼ -149% vs 2019lowest in 3 years
2018 → 2020
Total assets
€46k▼ 52.4%
2019 · €97k
2018: €122khighest in 3 years
2019: €97k▼ -20.1% vs 2018
2020: €46k▼ -52.4% vs 2019lowest in 3 years
2018 → 2020
Net result
€-58k▼ 2,595%
2019 · €-2k
2018: €7khighest in 3 years
2019: €-2k▼ -132% vs 2018
2020: €-58k▼ -2595% vs 2019lowest in 3 years
2018 → 2020
Working capital
€-19k
2019 · €39k
2018: €41khighest in 3 years
2019: €39k▼ -4.8% vs 2018
2020: €-19k▼ -149% vs 2019lowest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€41k-€39k▼ 5.2%€-19k
2018: €41khighest in 3 years
2019: €39k▼ -5.2% vs 2018
2020: €-19k▼ -149% vs 2019lowest in 3 years
Operating result€10k-€811▼ 91.6%€-57k
2018: €10khighest in 3 years
2019: €811▼ -91.6% vs 2018
2020: €-57k▼ -7095% vs 2019lowest in 3 years
Net result€7k-€-2k€-58k▼ 2,595%
2018: €7khighest in 3 years
2019: €-2k▼ -132% vs 2018
2020: €-58k▼ -2595% vs 2019lowest in 3 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 2020: a loss of €57k after €811 in 2019, the lowest result in the available series.
Key figures and ratios
EBITDA
€-57k▼
2019 · €1k
Cash flow
€-58k▼
2019 · €-2k
Solvency
-41.2%▼
2019 · 40.3%
Current ratio
0.71▼
2019 · 1.67
ROA
-125.9%▼
2019 · -2.2%
Debt
€65k▲
2019 · €58k
Debt ≤ 1 year
€65k▲
2019 · €58k
Income taxes
€1k▼
2019 · €3k
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 · 2020 against 2019 · 23 lines
Balance sheet
Code20192020
Assets
Total assets20/58€97k€46k▼
Fixed assets21/28€193-
Tangible fixed assets22/27€193-
Current assets29/58€97k€46k▼
Stocks and contracts in progress3€34k-
Amounts receivable within one year40/41€63k€46k▼
Cash at bank and in hand54/58€338€54▼
Equity and liabilities
Total equity and liabilities10/49€97k€46k▼
Equity10/15€39k€-19k▼
Contributions10/11€19k-
Reserves13€2k€2k=
Profit (loss) carried forward14€19k€-40k▼
Amounts payable17/49€58k€65k▲
Amounts payable within one year42/48€58k€65k▲
Trade debts44€173€4k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€193€193=
Gross operating margin9900€32k€-44k▼
Operating profit (loss)9901€811€-57k▼
Recurring financial charges65€200€88▼
Profit (loss) for the period before taxes9903€611€-57k▼
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€-2k€-58k▼
Profit (loss) for the period to be appropriated9905€-2k€-58k▼
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €193 | €193 | €193 | = |
| Gross operating margin9900 | €39k | €32k | €-44k | ▼ 236% |
| Operating profit (loss)9901 | €10k | €811 | €-57k | ▼ 7,095% |
| Recurring financial charges65 | €174 | €200 | €88 | ▼ 56.1% |
| Profit (loss) for the period before taxes9903 | €9k | €611 | €-57k | ▼ 9,393% |
| Income taxes67/77 | €3k | €3k | €1k | ▼ 47.5% |
| Profit (loss) for the period9904 | €7k | €-2k | €-58k | ▼ 2,595% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-2k | €-58k | ▼ 2,595% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €122k | €97k | €46k | ▼ 52.4% |
| Fixed assets21/28 | €386 | €193 | - | - |
| Tangible fixed assets22/27 | €386 | €193 | - | - |
| Current assets29/58 | €121k | €97k | €46k | ▼ 52.3% |
| Stocks and contracts in progress3 | - | €34k | - | - |
| Amounts receivable within one year40/41 | €121k | €63k | €46k | ▼ 26.4% |
| Cash at bank and in hand54/58 | €242 | €338 | €54 | ▼ 83.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €122k | €97k | €46k | ▼ 52.4% |
| Equity10/15 | €41k | €39k | €-19k | ▼ 149% |
| Contributions10/11 | €19k | €19k | - | - |
| Reserves13 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €21k | €19k | €-40k | ▼ 311% |
| Amounts payable17/49 | €80k | €58k | €65k | ▲ 12.5% |
| Amounts payable within one year42/48 | €80k | €58k | €65k | ▲ 12.5% |
| Trade debts44 | €30k | €173 | €4k | ▲ 2,228% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-2k | €-58k | ▼ 2,595% |
| + Depreciation and write-downs630 | €193 | €193 | €193 | = |
| Operating cash flow (approximation) | €7k | €-2k | €-58k | ▼ 2,849% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | €95 | €-283 | ▼ 397% |
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
2022
18-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 14-11-2022
2021
08-10
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 04-10-2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ISABELLE VAUSORT RUE PAUL JANSON 48,
6061 MONTIGNIES-SUR-SAMBRE- .
Date provisoire de cessation de paiement : 04/10/2021 |
04-10-2021 → 14-11-2022 |