BELBAL
Open bankruptcyA bankruptcy procedure is open for BELBAL according to publications in the Belgian State Gazette; curator: Dirk DE MAESENEER.
Summary
The 2023 annual accounts show equity of €363k and a net result of €-6k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 23-01-2024, 190 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
190 d early
2022
189 d early
2021
180 d early
2020
135 d early
2019
177 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€363k▼ 1.6%
2022 · €368k
2019: €87k
2020: €218k
2021: €362k
2022: €368k
2019 → 2023
Total assets
€6.59M▼ 10.5%
2022 · €7.36M
2019: €8.43M
2020: €8.13M
2021: €7.95M
2022: €7.36M
2019 → 2023
Net result
€-6k
2022 · €6k
2019: €-139k
2020: €132k
2021: €144k
2022: €6k
2019 → 2023
Working capital
€504k▲ 146%
2022 · €205k
2019: €123k
2020: €1.51M
2021: €745k
2022: €205k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€87k-€218k▲ 152%€362k▲ 66.2%€368k▲ 1.6%€363k▼ 1.6%
Operating result€195k-€197k▲ 1.0%€134k▼ 32.2%€-16k€35k
Net result€-139k-€132k€144k▲ 9.8%€6k▼ 95.9%€-6k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €35k after a loss of €16k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €6.59M
Fixed assets
€5.55M ▼ 13.2%
Current assets
€1.04M ▲ 6.6%
Equity and liabilities €6.59M
Equity
€363k ▼ 1.6%
Debt
€6.23M ▼ 11.0%
Debt's share of the balance-sheet total falls from 95.0% to 94.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€47k▲
2022 · €19k
Cash flow
€6k▼
2022 · €42k
Current ratio
1.94▲
2022 · 1.27
Debt to equity
17.17▼
2022 · 18.99
ROE
-1.6%▼
2022 · 1.6%
ROA
-0.1%▼
2022 · 0.1%
Interest coverage
0.24▲
2022 · 0.13
Debt ≤ 1 year
€537k▼
2022 · €771k
Debt > 1 year
€5.69M▼
2022 · €6.22M
Income taxes
€443▼
2022 · €788
Staff costs
€92k▼
2022 · €193k
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 · 54 lines
Balance sheet
Code20222023
Assets
Total assets20/58€7.36M€6.59M▼
Fixed assets21/28€6.39M€5.55M▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€15k€29k▲
Furniture and vehicles24€15k€4k▼
Other tangible fixed assets26-€25k
Financial fixed assets28€6.37M€5.52M▼
Current assets29/58€976k€1.04M▲
Amounts receivable within one year40/41€932k€1.02M▲
Trade receivables40€915k€1.02M▲
Other amounts receivable41€17k€9k▼
Cash at bank and in hand54/58€37k€11k▼
Deferred charges and accrued income490/1€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€7.36M€6.59M▼
Equity10/15€368k€363k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€307k€301k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€301k€295k▼
Amounts payable17/49€7.00M€6.23M▼
Amounts payable after more than one year17€6.22M€5.69M▼
Financial debts170/4€3.68M€3.14M▼
Other amounts payable178/9€2.55M€2.55M=
Amounts payable within one year42/48€771k€537k▼
Current portion of amounts payable after more than one year42€536k€536k=
Trade debts44€7k€436▼
Suppliers440/4€7k€436▼
Taxes, remuneration and social security45€12k€443▼
Taxes450/3-€443
Remuneration and social security454/9€12k-
Other amounts payable47/48€217k-
Income statement
Code20222023
Non-recurring operating income76A€1k€22k▲
Remuneration, social security and pensions62€193k€92k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€12k▼
Other operating charges640/8€4k€2k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€216k€143k▼
Operating profit (loss)9901€-16k€35k▲
Financial income75/76B€168k€151k▼
Recurring financial income75€168k€151k▼
Financial charges65/66B€145k€191k▲
Recurring financial charges65€145k€191k▲
Profit (loss) for the period before taxes9903€7k€-5k▼
Income taxes67/77€788€443▼
Profit (loss) for the period9904€6k€-6k▼
Profit (loss) for the period to be appropriated9905€6k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-6k▼
Transfer from equity791/2-€6k
Transfer to equity691/2€6k-
To other reserves6921€6k-
Social balance
Average headcount (FTE)90871.90.7▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
21-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · BELBAL NV PATER DAMIAAN- LAAN 66, 1150 SINT-PIETERS-WOLUWE · event 15-10-2024
23-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2019net €144k ▲9.8%
Net result €144k, the highest in the series.
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €132k
Net result €132k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 5.82
Current ratio from 1.11 to 5.82; short-term debt falls from €1.07M to €314k.
31-12
Financial
Equity above €200kEq €218k ▲152%
Equity rises from €87k to €218k.
05-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2015
Ground area
528 m²
Building footprint
177 m²
Volume, LiDAR
1,815 m³
Parcel 21019A0113/00B010, Brussels · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Belbal nv
since 20152.246.893.152
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0113/00B010 | Brussels | 528 m² | 1 · 177 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Dirk DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
15-10-2024 → present |
Recognitions · licences · registrations
Legal Entity Identifier
54930043R17QEVRX8B32
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Of 4,243 companies in sector 47789 we hold annual accounts for 1,019. 702 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47789Other retail sale of new goods
70100Activities of head offices
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.