BSBA Management
Open bankruptcyA bankruptcy procedure is open for BSBA Management according to publications in the Belgian State Gazette; curator: SOPHIE HUART.
Summary
The 2020 annual accounts show negative equity (-€150,467) and a net result of -€160,514.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 14 March 2022
- Supervising judge
- Baudouin De Hepcee
- Official Gazette
- 22-03-2022 (pdf) ↗search the document for 2022/110009
Deadlines
- Appeal or third-party opposition until
- passed on 6 April 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 13 April 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 20 April 2022Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 14 March 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Sophie HuartChaussee De Waterloo 880, 1000 Bruxelles 1sophie.huart@sybarius.net
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Wholesale trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€160,514
2019 · €32,288
Working capital
-€183,346▼ 543%
2019 · -€28,534
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€8,327-€37,085▲ 345%-€154,861
Net result€1,425-€32,288▲ 2,165%-€160,514below the sector's middle half
Equity-€22,241-€10,047-€150,467below the sector's middle half
Total assets€189,009-€225,867▲ 19.5%€141,541below the sector's middle half▼ 37.3%
Debt€211,250-€215,820▲ 2.2%€292,008▲ 35.3%
Working capital-€34,519--€28,534▲ 17.3%-€183,346below the sector's middle half▼ 543%
Solvency-11.8%-4.4%▲ 16.2pp-106.3%below the sector's middle half▼ 110.8pp
Current ratio0.84-0.84▲ 0.010.29below the sector's middle half▼ 0.56
Return on assets (ROA)0.8%-14.3%▲ 13.5pp-113.4%below the sector's middle half▼ 127.7pp
Staff (FTE)1.2below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €154,861 after €37,085 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €141,541
Fixed assets
€67,539 ▼ 6.1%
Current assets
€74,002 ▼ 51.9%
Key figures and ratios
EBITDA
-€149,054▼
2019 · €42,958
Cash flow
-€154,707▼
2019 · €38,162
Quick ratio
0.12▼
2019 · 0.55
Debt to equity
-0.22▼
2019 · 3.32
Debt ≤ 1 year
€257,349▲
2019 · €182,486
Debt > 1 year
€33,160▼
2019 · €33,333
Income taxes
€206
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 | €1,393 | €5,874 | €5,808 | ▼ 1.1% |
| Gross operating margin9900 | €10,133 | €49,431 | -€100,662 | ▼ 304% |
| Operating profit (loss)9901 | €8,327 | €37,085 | -€154,861 | ▼ 518% |
| Recurring financial income75 | €0 | €46 | €119 | ▲ 158% |
| Recurring financial charges65 | €6,901 | €4,843 | €5,566 | ▲ 14.9% |
| Profit (loss) for the period before taxes9903 | €1,425 | €32,288 | -€160,308 | ▼ 596% |
| Income taxes67/77 | - | - | €206 | - |
| Profit (loss) for the period9904 | €1,425 | €32,288 | -€160,514 | ▼ 597% |
| Profit (loss) for the period to be appropriated9905 | €1,425 | €32,288 | -€160,514 | ▼ 597% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €189,009 | €225,867 | €141,541 | ▼ 37.3% |
| Formation expenses20 | €267 | - | - | - |
| Fixed assets21/28 | €12,131 | €71,915 | €67,539 | ▼ 6.1% |
| Intangible fixed assets21 | €1,896 | €770 | - | - |
| Tangible fixed assets22/27 | - | €35,927 | €32,306 | ▼ 10.1% |
| Financial fixed assets28 | €10,235 | €35,218 | €35,233 | = |
| Current assets29/58 | €176,611 | €153,952 | €74,002 | ▼ 51.9% |
| Stocks and contracts in progress3 | €46,131 | €53,345 | €44,094 | ▼ 17.3% |
| Amounts receivable within one year40/41 | €9,198 | €10,880 | €2,396 | ▼ 78.0% |
| Cash at bank and in hand54/58 | €121,281 | €89,610 | €27,192 | ▼ 69.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €189,009 | €225,867 | €141,541 | ▼ 37.3% |
| Equity10/15 | -€22,241 | €10,047 | -€150,467 | ▼ 1,598% |
| Contributions10/11 | €18,550 | €18,550 | - | - |
| Reserves13 | €72 | €72 | €72 | = |
| Profit (loss) carried forward14 | -€40,863 | -€8,575 | -€169,089 | ▼ 1,872% |
| Amounts payable17/49 | €211,250 | €215,820 | €292,008 | ▲ 35.3% |
| Amounts payable after more than one year17 | - | €33,333 | €33,160 | ▼ 0.5% |
| Amounts payable within one year42/48 | €211,130 | €182,486 | €257,349 | ▲ 41.0% |
| Trade debts44 | €47,206 | €1,632 | €95,668 | ▲ 5,763% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,425 | €32,288 | -€160,514 | ▼ 597% |
| + Depreciation and write-downs630 | €1,393 | €5,874 | €5,808 | ▼ 1.1% |
| Operating cash flow (approximation) | €2,819 | €38,162 | -€154,707 | ▼ 505% |
| Investment in fixed assets (approximation) | - | -€65,657 | -€1,432 | ▲ 97.8% |
| Change in cash | - | -€31,671 | -€62,419 | ▼ 97.1% |
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
2026
29-06
Bankruptcy
Supervising judge replaced
Tribunal de l’entreprise francophone de Bruxelles · event 22-06-2026
2022
22-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 14-03-2022
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 200 days late
2020
31-12
Financial
Weakest financial yearnet -€160,514
Net result drops to -€160,514, the lowest in the series.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Highest result since 2018net €32,288 ▲2,165%
Operating result €37,085, net result €32,288, both a record.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 3 establishment units since 2015
Ground area
2.8 ha
Building footprint
1.6 ha
Volume, LiDAR
155,968 m³
3 parcels, Brussels · tallest building 41.5 m, ±6 floors. Linked by address, not a title deed.
3 establishment units
Colombialaan 10, 1000 Brussel
since 20152.240.894.889
Gulden-Vlieslaan 17A-20, 1050 Elsene
since 20192.300.921.756
Kerkstraat 96A, 1150 Sint-Pieters-Woluwe
since 20192.300.921.855
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0481/00C000 | Brussels | 1.1 ha | 1 · 589 m² | 18.1 m · 5 fl. |
| 21683D0073/00W000 | Brussels | 1.1 ha | 1 · 9,598 m² | 11.8 m · 1 fl. |
| 21009A0403/00C002 | Brussels | 5,711 m² | 1 · 5,711 m² | 41.5 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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 | SOPHIE HUART CHAUSSEE DE WATERLOO 880,
1000 BRUXELLES 1 |
14-03-2022 → present |
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Of 235 companies in sector 46419 we hold annual accounts for 130. 62 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 (pre-2019)
Founded13-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46419Wholesale trade
46431Wholesale of electrical household appliances and audio-video equipment
46450Wholesale of perfume and cosmetics
46471Wholesale trade
47519Retail trade
47551Retail sale of household furniture
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.