BILBO
InactiveBILBO was declared bankrupt on 11-04-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 23-10-2025, published in the Belgian State Gazette on 28-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 14-09-2023, 45 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
45 d late
2021
30 d late
2020
31 d late
2019
94 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12k
2021 · €-21k
2018: €26k
2019: €-4k
2020: €-33k
2021: €-21k
2018 → 2022
Working capital
€-53k▼ 31.1%
2021 · €-41k
2018: €68k
2019: €52k
2020: €3k
2021: €-41k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-24k-€-27k▼ 14.9%€-60k▼ 121%€-81k▼ 36.0%€-69k▲ 14.7%
Operating result€43k-€19k▼ 56.1%€-9k€7k€30k▲ 308%
Net result€26k-€-4k€-33k▼ 829%€-21k▲ 34.2%€12k
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 308% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €247k
Fixed assets
€9k ▼ 4.4%
Current assets
€238k ▲ 45.1%
Key figures and ratios
EBITDA
€30k▲
2021 · €8k
Cash flow
€12k▲
2021 · €-21k
Solvency
-28.1%▲
2021 · -46.9%
Current ratio
0.82▲
2021 · 0.80
Quick ratio
0.07▼
2021 · 0.08
Debt to equity
-4.56▼
2021 · -3.13
ROA
4.8%▲
2021 · -12.4%
Interest coverage
1.70▲
2021 · 0.28
Debt
€316k▲
2021 · €255k
Debt ≤ 1 year
€291k▲
2021 · €205k
Debt > 1 year
€25k▼
2021 · €50k
Staff costs
€89k▲
2021 · €84k
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 · 2022 against 2021 · 47 lines
Balance sheet
Code20212022
Assets
Total assets20/58€173k€247k▲
Fixed assets21/28€9k€9k▼
Tangible fixed assets22/27€611€198▼
Plant, machinery and equipment23€297€198▼
Furniture and vehicles24€314-
Financial fixed assets28€9k€9k=
Current assets29/58€164k€238k▲
Stocks and contracts in progress3€148k€217k▲
Stocks30/36€148k€217k▲
Amounts receivable within one year40/41€9k€8k▼
Trade receivables40€2k€945▼
Other amounts receivable41€7k€7k=
Cash at bank and in hand54/58€7k€11k▲
Deferred charges and accrued income490/1-€791
Equity and liabilities
Total equity and liabilities10/49€173k€247k▲
Equity10/15€-81k€-69k▲
Contributions10/11€19k€19k=
Reserves13€8k€8k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-108k€-96k▲
Amounts payable17/49€255k€316k▲
Amounts payable after more than one year17€50k€25k▼
Financial debts170/4€50k€25k▼
Amounts payable within one year42/48€205k€291k▲
Current portion of amounts payable after more than one year42€57k€74k▲
Trade debts44€79k€114k▲
Suppliers440/4€79k€114k▲
Taxes, remuneration and social security45€49k€53k▲
Taxes450/3€37k€42k▲
Remuneration and social security454/9€11k€11k▼
Other amounts payable47/48€20k€51k▲
Income statement
Code20212022
Remuneration, social security and pensions62€84k€89k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€695€413▼
Other operating charges640/8€489€2k▲
Gross operating margin9900€93k€120k▲
Operating profit (loss)9901€7k€30k▲
Financial income75/76B€18€0▼
Recurring financial income75€18€0▼
Financial charges65/66B€29k€18k▼
Recurring financial charges65€29k€18k▼
Profit (loss) for the period before taxes9903€-21k€12k▲
Profit (loss) for the period9904€-21k€12k▲
Profit (loss) for the period to be appropriated9905€-21k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-108k€-96k▲
Profit (loss) brought forward from the previous period14P€-86k€-108k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · BILBO BV MONSEIG- NEUR LADEUZEPLEIN 2, 3000 LEUVEN · event 23-10-2025
2024
18-04
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · BILBO BV MONSEIGNEUR LADEUZEPLEIN 2, 3000 LEUVEN · event 11-04-2024
2023
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series.
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 94 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
05-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
03-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DIRK DE MAESENEER ENGELS PLEIN 35,
3000 LEUVEN |
11-04-2024 → 23-10-2025 |
| Curator | SVEN DE
MAESENEER ENGELS PLEIN 35, 3000 LEUVEN- |
11-04-2024 → 23-10-2025 |
| Curator | STEVEN NYSTEN ENGELS
PLEIN 35, 3000 LEUVEN |
11-04-2024 → 23-10-2025 |