Age32 yrs
Real estate1 parcel · 98 m²
Summary
Conclusion
the dossier summarised in one paragraphThe KBO register records legal situation 050 for BAZAR HAM (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (€-45k) and a net result of €-29k.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideFiling 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.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-09-2024, 55 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.
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 31-12-2023, that is 31-07-2024.
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 | 24-09-2024 | 55 d late | 2024-00469687 |
| 31-12-2022 | 31-07-2023 | 30-09-2023 | 61 d late | 2023-00473554 |
| 31-12-2021 | 31-07-2022 | 13-02-2023 | 197 d late | 2023-00027842 |
| 31-12-2020 | 31-07-2021 | 10-02-2023 | 559 d late | 2023-00026165 |
| 31-12-2019 | 31-07-2020 | 01-02-2023 | 915 d late | 2023-00017636 |
| 31-12-2018 | 31-07-2019 | 25-12-2022 | 1243 d late | 2022-20549262 |
| 31-12-2017 | 31-07-2018 | 31-08-2018 | 31 d late | 2018-57700191 |
| 31-12-2016 | 31-07-2017 | 04-08-2017 | 4 d late | 2017-41200059 |
| 31-12-2015 | 31-07-2016 | 30-08-2016 | 30 d late | 2016-50900553 |
| 31-12-2014 | 31-07-2015 | 29-08-2015 | 29 d late | 2015-54800103 |
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
1 signalRegister: 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.
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
Turnover€19k-61.5%
EBIT margin-41.0%-5.5pp
Net result€-29k-67.1%
Working capital€-45k-178.7%
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 24-09-2024 with the NBB · fiscal year 2023 · micro
€19k
-61.5%
18-23
€-29k
-67.1%
18-23
€160
-96.7%
18-23
€-45k
-178.7%
18-23
€-45k
-178.7%
18-23
€21k
-
18-23
€0
-
18-23
€45k
+115.6%
18-23
Show 8 other metrics
€45k
+115.6%
18-23
0.00
-98.5%
18-23
0.00
-97.7%
18-23
-28243.8%
-8287.7%
18-23
-1.00
+22.6%
18-23
64.1%
-40.0%
18-23
-18108.8%
-4930.6%
18-23
-155.8%
-333.7%
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | €19k |
| EBITDA | - |
| Net profit | €-29k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €21k |
| Dividends | - |
| Total assets | €160 |
| Equity | €-45k |
| Debt | €45k |
| of which ≤ 1y | €45k |
| of which > 1y | - |
| Working capital | €-45k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.00 |
| Quick ratio | 0.00 |
| Working capital ratio | -28243.8% |
| Solvency | -28243.8% |
| Debt / equity | -1.00 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | -26.0% |
| Net margin | -155.8% |
| ROA | -18108.8% |
| ROE | 64.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | 309d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €160 |
| Current assets | 29/58 | €160 |
| Investments | 50/53 | €1 |
| Cash & bank | 54/58 | €159 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €160 |
| Equity | 10/15 | €-45k |
| Contributions / capital | 10/11 | €19k |
| Accumulated profits (losses) | 14 | €-64k |
| Amounts payable | 17/49 | €45k |
| Amounts payable within one year | 42/48 | €45k |
| Trade debts payable within one year | 44 | €20k |
| Income statement | ||
| Turnover | 70 | €19k |
| Gross operating margin | 9900 | €-5k |
| Operating result | 9901 | €-8k |
| Financial charges | 65 | €101 |
| Result before taxes | 9903 | €-8k |
| Income taxes | 67/77 | €21k |
| Net result for the period | 9904 | €-29k |
| Result to be appropriated | 9905 | €-29k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed0
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationThéophile De Baisieuxstraat 212, 1020 Brussel
since 19942.066.982.995
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area98 m²
Buildings1
Building footprint92 m²
Volume (LiDAR)926 m³
Tallest building13.5 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816H0112/00S000 | Brussels | 98 m² | 1 · 92 m² | 13.5 m · 4 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
No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.
Belgisch Staatsblad · acts
3 acts Capital history · 2
17-06-2022
Capital change
09-03-2022
Capital change
All acts · 3
updated 4 years ago
2022
17-06-2022 Transaction in capital or shares
04-04-2022 KHATAB Houssine appointed as statutory auditor
- KHATAB Houssine, Commissaris
09-03-2022 All shares are now held by a single shareholder
Analysis
Financial profile
5 of 5 axes measured21
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
50
Solvency
33
Growth
22
Stability
0
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads BankNames & trade names
| Legal nameFR | BAZAR HAM |
Registered office
Théophile De Baisieuxstraat 212
1020 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.