BATI
InactiveSignals
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 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 29-09-2017, 60 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 · 8 filingsDeviation from the deadline
2016
60 d late
2015
58 d late
2014
31 d late
2013
153 d late
2012
342 d late
2011
681 d late
2010
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2016, micro schema
Equity
€34,330▲ 73.8%
2015 · €19,749
Total assets
€94,302▲ 10.0%
2015 · €85,767
Net result
€14,582
2015 · -€13,449
Working capital
€58,001▼ 7.5%
2015 · €62,686
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20122013201420152016
Operating result€24,681-€13,964▼ 43.4%€1,077▼ 92.3%-€15,515€13,035
Net result€14,815-€412▼ 97.2%€31▼ 92.5%-€13,449€14,582
Equity€32,755-€33,166▲ 1.3%€33,197▲ 0.1%€19,749▼ 40.5%€34,330▲ 73.8%
Total assets€105,276-€129,095▲ 22.6%€118,712▼ 8.0%€85,767▼ 27.8%€94,302▲ 10.0%
Debt€72,522-€95,929▲ 32.3%€85,515▼ 10.9%€66,018▼ 22.8%€59,971▼ 9.2%
Working capital€73,490-€77,858▲ 5.9%€71,843▼ 7.7%€62,686▼ 12.7%€58,001▼ 7.5%
Staff (FTE)0.40.3▼ 25.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2016: €13,035 after a loss of €15,515 in 2015.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €94,302
Fixed assets
€8,000
Current assets
€86,302
Equity and liabilities €94,302
Equity
€34,330 ▲ 73.8%
Debt
€59,971 ▼ 9.2%
Debt's share of the balance-sheet total falls from 77.0% to 63.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,035
Cash flow
€16,582
Current ratio
3.05▼
2015 · 3.72
Quick ratio
3.01▼
2015 · 3.72
Debt to equity
0.92▼
2015 · 1.99
ROE
42.5%▲
2015 · -68.1%
ROA
15.5%▲
2015 · -15.7%
Debt ≤ 1 year
€28,301▲
2015 · €23,081
Debt > 1 year
€31,670▼
2015 · €39,203
Income taxes
€435▲
2015 · €90
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,717 | €15,666 | €21,136 | - | €2,000 | - |
| Gross operating margin9900 | €38,398 | €31,594 | €22,212 | €17,341 | €19,816 | ▲ 14.3% |
| Operating profit (loss)9901 | €24,681 | €13,964 | €1,077 | -€15,515 | €13,035 | ▲ 184% |
| Recurring financial income75 | - | - | €3,664 | €2,913 | €2,132 | ▼ 26.8% |
| Recurring financial charges65 | €4,866 | €12,427 | €3,807 | €4,581 | €149 | ▼ 96.7% |
| Profit (loss) for the period before taxes9903 | €19,815 | €1,537 | €934 | -€13,358 | €15,017 | ▲ 212% |
| Income taxes67/77 | €5,000 | €1,125 | €903 | €90 | €435 | ▲ 383% |
| Profit (loss) for the period9904 | €14,815 | €412 | €31 | -€13,449 | €14,582 | ▲ 208% |
| Profit (loss) for the period to be appropriated9905 | €14,815 | €412 | €31 | -€13,449 | €14,582 | ▲ 208% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,276 | €129,095 | €118,712 | €85,767 | €94,302 | ▲ 10.0% |
| Fixed assets21/28 | €17,190 | €17,769 | €11,233 | - | €8,000 | - |
| Tangible fixed assets22/27 | €17,190 | €17,769 | €11,233 | - | €8,000 | - |
| Current assets29/58 | €88,087 | €111,326 | €107,479 | €85,767 | €86,302 | ▲ 0.6% |
| Stocks and contracts in progress3 | €2,812 | €3,608 | €3,253 | - | €1,168 | - |
| Amounts receivable within one year40/41 | €85,275 | €107,701 | €41,344 | €43,356 | €62,089 | ▲ 43.2% |
| Cash at bank and in hand54/58 | - | €18 | €504 | €1 | €1,416 | ▲ 155,488% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,276 | €129,095 | €118,712 | €85,767 | €94,302 | ▲ 10.0% |
| Equity10/15 | €32,755 | €33,166 | €33,197 | €19,749 | €34,330 | ▲ 73.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €24,695 | €25,106 | €25,137 | €11,689 | €26,270 | ▲ 125% |
| Amounts payable17/49 | €72,522 | €95,929 | €85,515 | €66,018 | €59,971 | ▼ 9.2% |
| Amounts payable after more than one year17 | €56,898 | €61,434 | €49,879 | €39,203 | €31,670 | ▼ 19.2% |
| Amounts payable within one year42/48 | €14,596 | €33,468 | €35,636 | €23,081 | €28,301 | ▲ 22.6% |
| Trade debts44 | - | €5,210 | €15,652 | €10,197 | €11,024 | ▲ 8.1% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,815 | €412 | €31 | -€13,449 | €14,582 | ▲ 208% |
| + Depreciation and write-downs630 | €13,717 | €15,666 | €21,136 | - | €2,000 | - |
| Operating cash flow (approximation) | €28,532 | €16,078 | €21,167 | -€13,449 | €16,582 | ▲ 223% |
| Investment in fixed assets (approximation) | - | -€16,245 | -€14,600 | - | - | - |
| Change in cash | - | - | €487 | -€503 | €1,415 | ▲ 381% |
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
2020
19-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 15-06-2020
2018
03-07
Bankruptcy
Opening
Rechtbank van koophandel Gent, afdeling Dendermonde · event 26-06-2018
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
31-12
Financial
Back to profitnet €14,582
Net result €14,582 after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
2015
31-12
Financial
Weakest financial yearnet -€13,449
Net result drops to -€13,449, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
31-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 153 days late
08-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 342 days late
12-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 681 days late
2011
22-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
30-08
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 30 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DANI DE CLERCQ Koningin Astridlaan 52, 9100 Sint-Niklaas |
26-06-2018 → 15-06-2020 |