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BAS CONTRACTING

Active
Welvaartstraat (HRT) 10 ·2200 Herentals, Belgium
Open bankruptcy
KBO/BCE: BE 0473.967.833
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Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age25 yrs
Staff (FTE)13.4

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for BAS CONTRACTING according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €210k and a net result of €-71k.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events
09-04-2024
Bankruptcy Opening
Date: 02-04-2024 · Ondernemingsrechtbank Antwerpen, afdeling Turnhout · BAS CONTRACTING NV WELVAARTSTRAAT 10, 2200 HERENTALS · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2021, that is 31-07-2022.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 17-11-2022 109 d late 2022-20521488
31-12-2020 31-07-2021 25-12-2021 147 d late 2021-81900115
30-06-2019 31-01-2020 28-02-2020 28 d late 2020-06000369
31-12-2017 31-07-2018 23-07-2018 8 d early 2018-36600352
31-12-2016 31-07-2017 31-03-2017 122 d early 2017-08800238
31-12-2015 31-07-2016 10-03-2016 143 d early 2016-06300332
31-12-2014 31-07-2015 31-08-2015 31 d late 2015-56100059
31-12-2013 31-07-2014 27-08-2014 27 d late 2014-47100300

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-71k
Working capital€115k+353.2%
Directors1

Annual accounts & ratios

Source: NBB · 2021
Annual accounts filed on 17-11-2022 with the NBB · fiscal year 2021 · verkort
€-100k€0€100k€200kOperating result 2020: €41k€41kNet result 2020: €158k€158kOperating result 2021: €-52k€-52kNet result 2021: €-71k€-71k20202021
Operating resultNet result
Sector comparison
Fiscal year 2021 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 13.7% 30.9%
better than 26% of 556 sector peers
Net result €-71k €30k
better than 7% of 554 sector peers
Equity €210k €155k
better than 57% of 556 sector peers
Gross operating margin €258k €246k
better than 51% of 555 sector peers
Staff costs €225k €242k
higher than 48% of 334 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-31k
- 20-21
Net profit
€-71k
- 20-21
Cash flow
€-50k
- 20-21
Total assets
€1.54M
-13.6% 20-21
Equity
€210k
-25.2% 20-21
Working capital
€115k
+353.2% 20-21
Employees (FTE)
13
-52.3% 20-21
Staff costs
€225k
- 20-21
Income taxes
€2k
- 20-21
Debt
€1.33M
-11.4% 20-21
Debt ≤ 1y
€1.31M
-10.4% 20-21
Debt > 1y
€4k
-84.5% 20-21
Current ratio
1.09
+6.9% 20-21
Quick ratio
1.08
+7.0% 20-21
Solvency
13.7%
-13.4% 20-21
Debt / equity
6.32
+7263.3% 20-21
ROE
-33.7%
- 20-21
ROA
-4.6%
- 20-21
Interest coverage
-1.13
- 20-21
Figures by fiscal year
Fiscal year2021
Depositverkort
Revenue-
EBITDA€-31k
Net profit€-71k
Cash flow€-50k
Staff costs€225k
Income taxes-
Dividends-
Total assets€1.54M
Equity€210k
Debt€1.33M
of which ≤ 1y€1.31M
of which > 1y€4k
Working capital€115k
Employees (FTE)13.4
Ratios (computed)
2021
Current ratio1.09
Quick ratio1.08
Working capital ratio7.5%
Solvency13.7%
Debt / equity6.32
Long-term debt ratio0.02
Interest coverage-1.13
Gross margin-
Net margin-
ROA-4.6%
ROE-33.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€1.54M
Fixed assets 21/28€114k
Intangible fixed assets 21€1k
Tangible fixed assets 22/27€27k
Financial fixed assets 28€86k
Current assets 29/58€1.42M
Stocks & contracts in progress 3€9k
Amounts receivable within one year 40/41€1.23M
Investments 50/53€675
Cash & bank 54/58€58k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.54M
Equity 10/15€210k
Contributions / capital 10/11€110k
Reserves 13€13k
Accumulated profits (losses) 14€87k
Amounts payable 17/49€1.33M
Amounts payable after one year 17€4k
Amounts payable within one year 42/48€1.31M
Trade debts payable within one year 44€309k
Income statement
Gross operating margin 9900€258k
Operating result 9901€-52k
Financial income 75€9k
Financial charges 65€28k
Result before taxes 9903€-71k
Net result for the period 9904€-71k
Result to be appropriated 9905€-71k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2021 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

9 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator VEERLE VERHAEGEN
STEENWEG OP ZEVENDONK 60, 2300 TURNHOUT
02-04-2024 → present Belgian State Gazette

Legal Structure

NACE primary Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit(43222)
Legal form Public limited company(014)
Incorporation31-01-2001
StatusActive
Postal code2200
First BS signal 09-04-2024
Latest BS signal 09-04-2024

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

1 location
Welvaartstraat (HRT) 10, 2200 Herentals
Vervaardiging van motoren met inwendige verbranding en onderdelen daarvan, voor divers gebruik :voor railvoertuigen, landbouwwerktuigen en machines voor de bouwnijverheid, scheepsmotoren en buitenboot
since 20012.098.067.636
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area8,276 m²
Buildings1
Building footprint1,818 m²
Volume (LiDAR)9,877 m³
Tallest building7.1 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13027A0023/02E000 Flanders 8,276 m² 1 · 1,818 m² 7.1 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
09-04-2024
Bankruptcy Opening
Date: 02-04-2024 · Ondernemingsrechtbank Antwerpen, afdeling Turnhout · BAS CONTRACTING NV WELVAARTSTRAAT 10, 2200 HERENTALS · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-04-09 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency22Growth32Stability0
11 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 22
Growth 32
Stability 0

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

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Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Installatie van verwarming, klimaatregeling en ventilatie45331Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Loodgieterswerk43221Sanitaire werkzaamheden43221Dakwerkzaamheden43410Dakwerkzaamheden43910Dakbedekking en bouw van dakconstructies45220Elektrische installatie45310Overig loodgieterswerk45332
Primary activity highlighted.
Names & trade names
Legal nameNL BAS CONTRACTING
Registered office
Welvaartstraat (HRT) 10
2200 Herentals, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.