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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for BIALPOS according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €3k and a net result of €-6k.
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.
Insolvency timeline
1 events12-05-2026
Bankruptcy
Opening
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 10 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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.
Filing 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.
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 31-12-2024, that is 31-07-2025.
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 | 29-08-2025 | 29 d late | 2025-00451723 |
| 31-12-2023 | 31-07-2024 | 30-08-2024 | 30 d late | 2024-00447328 |
| 31-12-2022 | 31-07-2023 | 31-08-2023 | 31 d late | 2023-00426682 |
| 31-12-2021 | 31-07-2022 | 31-08-2022 | 31 d late | 2022-20412003 |
| 31-12-2020 | 31-07-2021 | 28-09-2021 | 59 d late | 2021-68900573 |
| 31-12-2019 | 31-07-2020 | 07-11-2020 | 99 d late | 2020-69000584 |
| 31-12-2018 | 31-07-2019 | 30-09-2019 | 61 d late | 2019-66600237 |
| 31-12-2017 | 31-07-2018 | 31-08-2018 | 31 d late | 2018-57900044 |
| 31-12-2016 | 31-07-2017 | 31-08-2017 | 31 d late | 2017-54900201 |
| 31-12-2015 | 31-07-2016 | 20-09-2016 | 51 d late | 2016-60200066 |
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
2 signalsRegister: 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.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-6k+74.0%
Working capital€-27k-830.4%
Directors2
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro
€45k
-
18-23
€-6k
+74.0%
18-23
€38k
-
18-23
€376k
+12.1%
18-23
€3k
-63.5%
18-23
€-27k
-830.4%
18-23
3
-
18-23
€90k
-
18-23
€7
-99.8%
18-23
€372k
+14.2%
18-23
€148k
+48.6%
18-23
€224k
-0.2%
18-23
0.82
-15.7%
18-23
0.80
-17.9%
18-23
0.8%
-67.4%
18-23
116.83
+212.7%
18-23
-173.9%
+28.7%
18-23
-1.5%
+76.8%
18-23
5.48
-
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €45k |
| Net profit | €-6k |
| Cash flow | €38k |
| Staff costs | €90k |
| Income taxes | - |
| Dividends | - |
| Total assets | €376k |
| Equity | €3k |
| Debt | €372k |
| of which ≤ 1y | €148k |
| of which > 1y | €224k |
| Working capital | €-27k |
| Employees (FTE) | 2.8 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.82 |
| Quick ratio | 0.80 |
| Working capital ratio | -7.2% |
| Solvency | 0.8% |
| Debt / equity | 116.83 |
| Long-term debt ratio | 70.25 |
| Interest coverage | 5.48 |
| Gross margin | - |
| Net margin | - |
| ROA | -1.5% |
| ROE | -173.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €376k |
| Fixed assets | 21/28 | €254k |
| Intangible fixed assets | 21 | €21k |
| Tangible fixed assets | 22/27 | €232k |
| Current assets | 29/58 | €122k |
| Stocks & contracts in progress | 3 | €3k |
| Amounts receivable within one year | 40/41 | €56k |
| Cash & bank | 54/58 | €58k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €376k |
| Equity | 10/15 | €3k |
| Contributions / capital | 10/11 | €7k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €-5k |
| Amounts payable | 17/49 | €372k |
| Amounts payable after one year | 17 | €224k |
| Amounts payable within one year | 42/48 | €148k |
| Trade debts payable within one year | 44 | €75k |
| Income statement | ||
| Gross operating margin | 9900 | €137k |
| Operating result | 9901 | €2k |
| Financial income | 75 | €701 |
| Financial charges | 65 | €8k |
| Result before taxes | 9903 | €-6k |
| Net result for the period | 9904 | €-6k |
| Result to be appropriated | 9905 | €-6k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
SAGLAM DERYADirectorState Gazette act 23002329 (05-01-2023)Current01-01-2023 → present
Former directors (1)
-
SAGLAM GUNSELVennootState Gazette act 23002329 (05-01-2023)Former- → 01-01-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
2 mandates| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | MARTHE OOSTHUYSE HAMILTONPARK 26-26,
8000 BRUGGE |
03-04-2026 → present | Belgian State Gazette |
| Curator | MARLIES DE
BRABANDERE HAMILTONPARK 24-26, 8000 BRUGGE- |
03-04-2026 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Activiteiten van kuuroorden, sauna’s en stoombaden(96230) |
| Legal form | Private limited company(610) |
| Incorporation | 01-06-2007 |
| Status | Active |
| Postal code | 9000 |
| First BS signal | 12-05-2026 |
| Latest BS signal | 12-05-2026 |
Structure & network
Company structure: linked entities
2 linked entitiesMandates
↔
1
of these mandate-holders are active on other cases, click any red card to open that KBO.
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
2 locationsSUN CITY
since 20072.169.858.227
BIALPOS
since 20222.331.123.695
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area227 m²
Buildings2
Building footprint154 m²
Volume (LiDAR)1,323 m³
Tallest building16.1 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.
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0545/00H003 | Flanders | 117 m² | 1 · 86 m² | 11.5 m · 1 fl. |
| 21612C0048/00Z003 | Brussels | 110 m² | 1 · 68 m² | 16.1 m · 4 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.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette12-05-2026
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
2 acts Capital history · 1
05-01-2023
Capital change
All acts · 2
updated 2 years ago
2024
19-01-2024 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Xavier VANHAELEMEESCH · Gent
2023
05-01-2023 Transaction in capital or shares
Analysis
Snowflake analysis
financial profile on 5 axes8
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
8
Growth
32
Stability
0
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verdict per customer and amountSimilar
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Primary activity highlighted.
Names & trade names
| Legal nameNL | BIALPOS |
Registered office
Brugsesteenweg 37
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.