BATIVERT
InactiveBATIVERT was declared bankrupt on 23-03-2023 (Tribunal de l’entreprise de Liège, division Namur); the bankruptcy was closed for insufficient assets by judgment of 15-11-2023, published in the Belgian State Gazette on 22-11-2023.
Summary
Inactive; last annual accounts for fiscal year 2017.
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 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 23-07-2018, 8 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2017, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,392
2016 · -€6,400
Working capital
€111,895▼ 14.0%
2016 · €130,055
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20132014201520162017
Operating result-€1,568--€25,489▼ 1,526%-€7,233▲ 71.6%-€11,941▼ 65.1%-€286▲ 97.6%
Net result-€2,212--€12,635▼ 471%-€26▲ 99.8%-€6,400▼ 24,421%€1,392
Equity€17,607-€17,758▲ 0.9%€18,379▲ 3.5%€5,279▼ 71.3%€1,119▼ 78.8%
Total assets€157,212-€116,400▼ 26.0%€127,927▲ 9.9%€170,470▲ 33.3%€179,453▲ 5.3%
Debt€139,605-€98,642▼ 29.3%€109,548▲ 11.1%€165,191▲ 50.8%€178,334▲ 8.0%
Working capital€88,323-€54,670▼ 38.1%€57,685▲ 5.5%€130,055▲ 125%€111,895▼ 14.0%
Staff (FTE)2.8-3.2▲ 14.3%4.1▲ 28.1%0.3▼ 92.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €286 in 2017 against €11,941 in 2016; the loss shrinks.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €179,453
Fixed assets
€1,324 ▼ 81.1%
Current assets
€178,129 ▲ 9.0%
Equity and liabilities €179,453
Equity
€1,119 ▼ 78.8%
Debt
€178,334 ▲ 8.0%
Debt's share of the balance-sheet total rises from 96.9% to 99.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5,347▲
2016 · -€5,105
Cash flow
€7,026▲
2016 · €436
Current ratio
2.69▼
2016 · 4.89
Debt to equity
99.39▲
2016 · 24.86
ROE
124.4%▲
2016 · -121.2%
ROA
0.8%▲
2016 · -3.8%
Debt ≤ 1 year
€66,234▲
2016 · €33,408
Debt > 1 year
€111,230▼
2016 · €131,230
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,395 | €15,610 | €9,842 | €6,836 | €5,634 | ▼ 17.6% |
| Gross operating margin9900 | €107,592 | €101,301 | €151,579 | €4,955 | €6,490 | ▲ 31.0% |
| Operating profit (loss)9901 | -€1,568 | -€25,489 | -€7,233 | -€11,941 | -€286 | ▲ 97.6% |
| Recurring financial income75 | €764 | €10,444 | €8,874 | €7,945 | €5,694 | ▼ 28.3% |
| Recurring financial charges65 | €2,449 | €2,035 | €1,980 | €2,404 | €4,016 | ▲ 67.0% |
| Profit (loss) for the period before taxes9903 | -€1,692 | -€12,630 | -€26 | -€6,400 | €1,392 | ▲ 122% |
| Income taxes67/77 | €519 | €5 | - | - | - | - |
| Profit (loss) for the period9904 | -€2,212 | -€12,635 | -€26 | -€6,400 | €1,392 | ▲ 122% |
| Profit (loss) for the period to be appropriated9905 | -€2,212 | -€12,635 | -€26 | -€6,400 | €1,392 | ▲ 122% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157,212 | €116,400 | €127,927 | €170,470 | €179,453 | ▲ 5.3% |
| Fixed assets21/28 | €9,932 | €13,966 | €13,502 | €7,007 | €1,324 | ▼ 81.1% |
| Tangible fixed assets22/27 | €9,862 | €13,896 | €13,432 | €6,937 | €1,304 | ▼ 81.2% |
| Financial fixed assets28 | €70 | €70 | €70 | €70 | €20 | ▼ 71.4% |
| Current assets29/58 | €147,280 | €102,434 | €114,425 | €163,463 | €178,129 | ▲ 9.0% |
| Stocks and contracts in progress3 | €3,071 | €1,250 | €1,250 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €80,154 | €70,849 | €96,500 | €120,142 | €132,316 | ▲ 10.1% |
| Cash at bank and in hand54/58 | €61,227 | €28,070 | €15,673 | €24,796 | €45,813 | ▲ 84.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157,212 | €116,400 | €127,927 | €170,470 | €179,453 | ▲ 5.3% |
| Equity10/15 | €17,607 | €17,758 | €18,379 | €5,279 | €1,119 | ▼ 78.8% |
| Contributions10/11 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Reserves13 | €650 | €650 | €650 | €650 | €650 | = |
| Profit (loss) carried forward14 | €10,457 | -€2,178 | -€2,204 | -€8,604 | -€7,212 | ▲ 16.2% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €139,605 | €98,642 | €109,548 | €165,191 | €178,334 | ▲ 8.0% |
| Amounts payable after more than one year17 | €80,648 | €50,877 | €52,415 | €131,230 | €111,230 | ▼ 15.2% |
| Amounts payable within one year42/48 | €58,957 | €47,765 | €56,739 | €33,408 | €66,234 | ▲ 98.3% |
| Trade debts44 | €22,515 | €31,566 | €14,297 | €7,646 | €9,987 | ▲ 30.6% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,212 | -€12,635 | -€26 | -€6,400 | €1,392 | ▲ 122% |
| + Depreciation and write-downs630 | €9,395 | €15,610 | €9,842 | €6,836 | €5,634 | ▼ 17.6% |
| Operating cash flow (approximation) | €7,183 | €2,975 | €9,816 | €436 | €7,026 | ▲ 1,512% |
| Investment in fixed assets (approximation) | - | -€19,643 | -€9,379 | -€341 | €50 | ▲ 115% |
| Change in cash | - | -€33,157 | -€12,397 | €9,122 | €21,018 | ▲ 130% |
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
2023
22-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Namur · event 15-11-2023
31-08
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 23-03-2023
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-12
Financial
Back to profitnet €1,392
Net result €1,392 after 4 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-12
Financial
Liquidity doublescurrent ratio 4.89
Current ratio from 2.02 to 4.89; short-term debt falls from €56,739 to €33,408.
23-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 54 days late
2015
15-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 46 days late
2014
31-12
Financial
Weakest financial yearnet -€12,635
Net result drops to -€12,635, the lowest in the series.
23-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 54 days late
2013
10-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 71 days late
2012
31-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
07-11
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 99 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 | THIBAULT BOUVIER AVENUE REINE ELISABETH, 40,
5000 02 BEEZ |
23-03-2023 → 15-11-2023 |