BAVARIA
InactiveBAVARIA was declared bankrupt on 28-03-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 23-07-2024, published in the Belgian State Gazette on 21-08-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2019.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 10-07-2020, 21 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
21 d early
← before the deadline
after the deadline →
Financials · fiscal year 2019, full schema
Turnover
€262k▼ 15.2%
2018 · €308k
2018: €308k
2018 → 2019
EBIT margin
8.0%▲ 2.5pp
2018 · 5.5%
2018: 5.5%
2018 → 2019
Net result
€6k
2018 · €-785
2018: €-785
2018 → 2019
Working capital
€7k▲ 130%
2018 · €3k
2018: €3k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Turnover€308k-€262k▼ 15.2%
Equity€114k-€119k▲ 5.0%
Operating result€17k-€21k▲ 22.9%
Net result€-785-€6k
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 23% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €336k
Fixed assets
€253k▼ 10.9%
Current assets
€84k▲ 2.2%
Equity and liabilities €336k
Equity
€119k▲ 5.0%
Debt
€217k▼ 13.8%
The debt ratio falls from 68.9% to 64.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▲
2018 · €48k
Cash flow
€37k▲
2018 · €30k
Solvency
35.4%▲
2018 · 31.1%
Current ratio
1.10▲
2018 · 1.04
Quick ratio
1.04▲
2018 · 0.95
Debt / equity
1.18▼
2018 · 1.53
ROE
4.8%▲
2018 · -0.7%
ROA
1.7%▲
2018 · -0.2%
Debt
€217k▼
2018 · €252k
Debt ≤ 1 year
€76k▼
2018 · €79k
Debt > 1 year
€141k▼
2018 · €173k
Income taxes
€4k▼
2018 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2019 against 2018
Balance sheet
Code20182019
Assets
Total assets20/58€366k€336k▼
Fixed assets21/28€284k€253k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€280k€249k▼
Financial fixed assets28€4k€4k=
Current assets29/58€82k€84k▲
Stocks and contracts in progress3€7k€4k▼
Amounts receivable within one year40/41€74k€79k▲
Cash at bank and in hand54/58€1k€383▼
Equity and liabilities
Total equity and liabilities10/49€366k€336k▼
Equity10/15€114k€119k▲
Contributions10/11€125k€125k=
Reserves13€10k€13k▲
Profit (loss) carried forward14€-22k€-18k▲
Amounts payable17/49€252k€217k▼
Amounts payable after more than one year17€173k€141k▼
Amounts payable within one year42/48€79k€76k▼
Trade debts44€10k€11k▲
Income statement
Code20182019
Turnover70€308k€262k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k▲
Gross operating margin9900€101k€89k▼
Operating profit (loss)9901€17k€21k▲
Recurring financial income75€2k€3k▲
Recurring financial charges65€16k€14k▼
Profit (loss) for the period before taxes9903€3k€9k▲
Income taxes67/77€4k€4k▼
Profit (loss) for the period9904€-785€6k▲
Profit (loss) for the period to be appropriated9905€-785€6k▲
Timeline · acts, filings and financial milestones
2024
21-08
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · BAVARIA BV LT. GRAFFPLEIN 15, 1780 WEMMEL · event 23-07-2024
2023
03-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · BAVARIA BV LT. GRAFF- PLEIN 15, 1780 WEMMEL · event 28-03-2023
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 79 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
20-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 51 days late
2015
30-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 122 days late
2014
22-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 144 days late
2013
25-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 117 days late
2012
31-12
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 153 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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 | JEROEN PINOY STATIONSSTRAAT 117, 1840 LONDER-
ZEEL |
28-03-2023 → present |