Active BE 0647.989.890Private limited company

BELRAAM GROUP

Vaartstraat 192 ·2960 Brecht, Belgium· 10 yrs active

Sector: Stukadoorswerk (43310)

Conclusion Checked

The KBO register records legal situation 050 for BELRAAM GROUP (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €60k and a net result of €1k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€60k
Net result	€1k
Staff (FTE)	3
Better than sector	25%

Financial profile 5 of 5 axes measured · computed by Checked

20 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 24

Solvency 27

Growth 50

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

30 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· 3 judicial reorganisations (+30)

Trust signals 2 signals

Register: 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.

Earlier reorganisation (closed)

Involved in a judicial reorganisation procedure in the past. No current open procedure.

Administrative Flags0 events

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.

Health barometer FY 2023 · computed

0 / 100 Critical

050100

Computed from 6 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.

Financial overview7 NBB filings

Annual accounts filed on 01-02-2024 with the NBB · fiscal year 2023 · micro

RevenueOperating resultNet result

Sector comparison

Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	18.1%	38.6%	better than 25% of 9177 sector peers
Net result	€1k	€12k	better than 24% of 9162 sector peers
Equity	€60k	€30k	better than 73% of 9184 sector peers
Gross operating margin	€164k	€33k	better than 91% of 9151 sector peers
Staff costs	€119k	€26k	higher than 87% of 3379 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€590k

-12.7% 19-23

EBITDA

€44k

+15.6% 19-23

Net profit

€1k

-85.5% 19-23

Cash flow

€32k

+15.3% 19-23

Total assets

€332k

+25.0% 19-23

Equity

€60k

+1.8% 19-23

Working capital

€37k

-12.0% 19-23

Employees (FTE)

3

+20.0% 19-23

Show 14 other metrics

Staff costs

€119k

+54.1% 19-23

Income taxes

€668

-69.1% 19-23

Debt

€272k

+31.7% 19-23

Debt ≤ 1y

€210k

+32.2% 19-23

Debt > 1y

€62k

+30.0% 19-23

Current ratio

1.17

-6.9% 19-23

Quick ratio

0.88

-21.1% 19-23

Solvency

18.1%

-18.6% 19-23

Debt / equity

4.51

+29.3% 19-23

ROE

1.8%

-85.8% 19-23

ROA

0.3%

-88.4% 19-23

Net margin

0.2%

-83.4% 19-23

EBITDA margin

7.4%

+32.4% 19-23

Interest coverage

3.98

-14.2% 19-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	€590k
EBITDA	€44k
Net profit	€1k
Cash flow	€32k
Staff costs	€119k
Income taxes	€668
Dividends	-
Total assets	€332k
Equity	€60k
Debt	€272k
of which ≤ 1y	€210k
of which > 1y	€62k
Working capital	€37k
Employees (FTE)	3.0

Ratios (computed)

	2023
Current ratio	1.17
Quick ratio	0.88
Working capital ratio	11.0%
Solvency	18.1%
Debt / equity	4.51
Long-term debt ratio	1.03
Interest coverage	3.98
Gross margin	26.2%
Net margin	0.2%
ROA	0.3%
ROE	1.8%
EBITDA margin	7.4%
Days sales outstanding	65d
Days payable outstanding	93d
Inventory turnover	7.02
Days inventory (DSI)	52d

Balance-sheet composition 2023

Assets

Fixed assets €86k · 25.8% Current assets €246k · 74.2%

Equity & liabilities

Equity €60k · 18.1% Debt €272k · 81.9%

Full annual accounts (26 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	€332k
Fixed assets	21/28	€86k
Tangible fixed assets	22/27	€81k
Financial fixed assets	28	€4k
Current assets	29/58	€246k
Stocks & contracts in progress	3	€62k
Amounts receivable within one year	40/41	€174k
Cash & bank	54/58	€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€332k
Equity	10/15	€60k
Contributions / capital	10/11	€19k
Reserves	13	€10k
Accumulated profits (losses)	14	€32k
Amounts payable	17/49	€272k
Amounts payable after one year	17	€62k
Amounts payable within one year	42/48	€210k
Trade debts payable within one year	44	€110k
Income statement
Turnover	70	€590k
Gross operating margin	9900	€164k
Operating result	9901	€13k
Financial income	75	€4
Financial charges	65	€11k
Result before taxes	9903	€2k
Income taxes	67/77	€668
Net result for the period	9904	€1k
Result to be appropriated	9905	€1k

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.

Legal Structure

NACE primary	Stukadoorswerk(43310)
Legal form	Private limited company(610)
Incorporation	08-02-2016
Status	Active
Postal code	2960
First BS signal	21-02-2024
Latest BS signal	16-10-2024

Establishment units 1 location

BELRAAM GROUP

Vaartstraat 164, 2960 BrechtOptrekken van de ruwbouw van individuele huizen

since 20162.250.559.752

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels 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.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11043D0778/00M002	Flanders	1,201 m²	1 · 301 m²	8.3 m · 1 fl.
11043D0772/00X005	Flanders	1,191 m²	1 · 110 m²	8.5 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

16-10-2024

Judicial reorganisation Transfer under judicial authority

Ondernemingsrechtbank Antwerpen · transfert_judiciaire

23-05-2024

Judicial reorganisation Plan homologation

Ondernemingsrechtbank Antwerpen · 20240002 · event 15-05-2024

21-02-2024

Judicial reorganisation Opening

Ondernemingsrechtbank Antwerpen · collectif · event 14-02-2024

01-02-2024