BASU 03
InactiveBASU 03 was declared bankrupt on 06-01-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 08-04-2025, published in the Belgian State Gazette on 16-04-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-08-2024, 28 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
28 d late
2022
344 d late
2021
677 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€-6k
2022 · €36k
2021: €32k
2022: €36k
2021 → 2023
Total assets
€6k▼ 87.8%
2022 · €48k
2021: €46k
2022: €48k
2021 → 2023
Net result
€-44k
2022 · €3k
2021: €5k
2022: €3k
2021 → 2023
Working capital
€-6k
2022 · €35k
2021: €24k
2022: €35k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€32k-€36k▲ 10.7%€-6k
Operating result€7k-€5k▼ 30.8%€-42k
Net result€5k-€3k▼ 32.9%€-44k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €42k after €5k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €6k
Fixed assets
€246 ▼ 50.0%
Current assets
€6k ▼ 88.1%
Key figures and ratios
EBITDA
€-42k▼
2022 · €6k
Cash flow
€-43k▼
2022 · €5k
Solvency
-95.0%▼
2022 · 73.6%
Current ratio
0.49▼
2022 · 3.75
Debt to equity
-2.05▼
2022 · 0.36
ROA
-737.3%▼
2022 · 7.1%
Interest coverage
-172.88▼
2022 · 5.97
Debt
€12k▼
2022 · €13k
Debt ≤ 1 year
€12k▼
2022 · €13k
Income taxes
€1k▲
2022 · €450
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 · 2023 against 2022 · 36 lines
Balance sheet
Code20222023
Assets
Total assets20/58€48k€6k▼
Fixed assets21/28€492€246▼
Tangible fixed assets22/27€492€246▼
Plant, machinery and equipment23€492€246▼
Financial fixed assets28€0-
Current assets29/58€48k€6k▼
Stocks and contracts in progress3€375-
Stocks30/36€375-
Amounts receivable within one year40/41€12k€2k▼
Trade receivables40€10k-
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€35k€4k▼
Deferred charges and accrued income490/1€99-
Equity and liabilities
Total equity and liabilities10/49€48k€6k▼
Equity10/15€36k€-6k▼
Contributions10/11€16k€19k▲
Outside capital11€16k€19k▲
Other1109/19€16k€19k▲
Profit (loss) carried forward14€19k€-24k▼
Amounts payable17/49€13k€12k▼
Amounts payable within one year42/48€13k€12k▼
Trade debts44€12k€11k▼
Suppliers440/4€12k€11k▼
Other amounts payable47/48€581€435▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€246▼
Other operating charges640/8€2k€385▼
Gross operating margin9900€8k€-41k▼
Operating profit (loss)9901€5k€-42k▼
Financial charges65/66B€1k€242▼
Recurring financial charges65€1k€242▼
Profit (loss) for the period before taxes9903€4k€-42k▼
Income taxes67/77€450€1k▲
Profit (loss) for the period9904€3k€-44k▼
Profit (loss) for the period to be appropriated9905€3k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€-24k▼
Profit (loss) brought forward from the previous period14P€16k€19k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · SRL BASU 03 RUE VAN DYCK 90-9, 1030 Schaerbeek. déclarée le 6 janvier 2025 · event 08-04-2025
13-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL BASU 03 RUE VAN DYCK 90-9, 1030 Schaerbeek · event 06-01-2025
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
09-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 344 days late
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 677 days late
2023
31-12
Financial
Weakest financial yearnet €-44k ▼1374%
Net result drops to €-44k, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 IXELLES |
06-01-2025 → 08-04-2025 |