BELBO
Open bankruptcyA bankruptcy procedure is open for BELBO according to publications in the Belgian State Gazette; curator: SOFIE DE NIJS.
Summary
The 2020 annual accounts show equity of €99k and a net result of €17k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 13-08-2021, 13 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
13 d late
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€99k▲ 21.1%
2019 · €81k
Total assets
€221k▲ 40.8%
2019 · €157k
Net result
€17k▼ 52.8%
2019 · €36k
Working capital
€54k▼ 29.0%
2019 · €77k
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
Line201820192020
Operating result€4k-€57k▲ 1,468%€11k▼ 80.4%
Net result€5k-€36k▲ 649%€17k▼ 52.8%
Equity€45k-€81k▲ 80.7%€99k▲ 21.1%
Total assets€107k-€157k▲ 46.1%€221k▲ 40.8%
Debt€62k-€75k▲ 21.0%€122k▲ 62.1%
Working capital€30k-€77k▲ 157%€54k▼ 29.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 80% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €221k
Fixed assets
€44k ▲ 822%
Current assets
€176k ▲ 16.1%
Equity and liabilities €221k
Equity
€99k ▲ 21.1%
Debt
€122k ▲ 62.1%
Debt's share of the balance-sheet total rises from 48.0% to 55.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▼
2019 · €67k
Cash flow
€22k▼
2019 · €47k
Current ratio
1.45▼
2019 · 2.02
ROE
17.4%▼
2019 · 44.7%
ROA
7.8%▼
2019 · 23.2%
Debt ≤ 1 year
€122k▲
2019 · €75k
Income taxes
€8k▼
2019 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €10k | €5k | ▼ 51.3% |
| Gross operating margin9900 | €17k | €70k | €18k | ▼ 73.9% |
| Operating profit (loss)9901 | €4k | €57k | €11k | ▼ 80.4% |
| Recurring financial income75 | €3k | €9k | €15k | ▲ 62.2% |
| Recurring financial charges65 | €41 | €7 | €824 | ▲ 11,671% |
| Profit (loss) for the period before taxes9903 | €7k | €66k | €25k | ▼ 61.7% |
| Income taxes67/77 | €2k | €30k | €8k | ▼ 72.6% |
| Profit (loss) for the period9904 | €5k | €36k | €17k | ▼ 52.8% |
| Profit (loss) for the period to be appropriated9905 | €5k | €36k | €17k | ▼ 52.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €107k | €157k | €221k | ▲ 40.8% |
| Fixed assets21/28 | €15k | €5k | €44k | ▲ 822% |
| Tangible fixed assets22/27 | €11k | €836 | €40k | ▲ 4,713% |
| Financial fixed assets28 | €4k | €4k | €4k | = |
| Current assets29/58 | €92k | €152k | €176k | ▲ 16.1% |
| Amounts receivable within one year40/41 | €89k | €151k | €175k | ▲ 16.1% |
| Cash at bank and in hand54/58 | €3k | €1 | €2 | ▲ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €107k | €157k | €221k | ▲ 40.8% |
| Equity10/15 | €45k | €81k | €99k | ▲ 21.1% |
| Contributions10/11 | €20k | €20k | - | - |
| Reserves13 | €7k | €43k | €60k | ▲ 39.8% |
| Profit (loss) carried forward14 | €18k | €18k | €18k | = |
| Amounts payable17/49 | €62k | €75k | €122k | ▲ 62.1% |
| Amounts payable within one year42/48 | €62k | €75k | €122k | ▲ 62.1% |
| Trade debts44 | €31k | €10k | €13k | ▲ 34.6% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €36k | €17k | ▼ 52.8% |
| + Depreciation and write-downs630 | €11k | €10k | €5k | ▼ 51.3% |
| Operating cash flow (approximation) | €16k | €47k | €22k | ▼ 52.4% |
| Investment in fixed assets (approximation) | - | €0 | €-44k | - |
| Change in cash | - | €-3k | €1 | ▲ 100% |
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
11-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 04-07-2023
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €36k ▲649%
Operating result €57k, net result €36k, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 65 days late
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 56 days late
2014
02-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
04-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 127 days late
01-03
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 214 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Stekene · 1 establishment unit since 2021
Ground area
2,518 m²
Building footprint
770 m²
Volume, LiDAR
1,272 m³
2 parcels, Flanders · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BELBO
since 20212.323.518.895
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44011A0914/00W005 | Flanders | 1,905 m² | 1 · 589 m² | 4.8 m |
| 46024A0635/00E000 | Flanders | 613 m² | 1 · 181 m² | 10.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | SOFIE DE NIJS GROOT-BRITTANNIELAAN 10,
9000 GENT |
04-07-2023 → present |
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 5,190 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.