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Active
BE 0821.178.442Public limited company
Business Solution Alliance
Rue de Sart 31 ·1490 Court-Saint-Etienne, Belgium· 16 yrs active
Sector: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
(70200)
Conclusion
The KBO register records legal situation 050 for Business Solution Alliance (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show negative equity (€-722k) and a net result of €-7.62M.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €-722k |
| Net result | €-7.62M |
| Better than sector | 5% |
| Active | 16 yrs |
Snowflake analysis
31
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
33
Growth
22
Stability
0
Bankruptcy probability (12 mo)
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
50 / 100
High riskRegister: open bankruptcyThis 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)
· 2 historical bankruptcy publications (+20)
Trust 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 Flags
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
0
/ 100
Critical
Computed from 4 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 from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-03-2022 with the NBB · fiscal year 2021 · volledig
Sector comparison
Fiscal year 2021 · NACE 70, Head offices & management consulting · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -793.6% | 44.1% | |
| Net result | €-9k | €35k | |
| Equity | €-722k | €236k | |
| Gross operating margin | €110k | €47k | |
| Total assets | €91k | €1.09M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€760k
-29.9%
18-21
€10k
-98.0%
18-21
€-7.62M
-0.1%
18-21
€272k
-45.2%
18-21
€91k
-94.8%
18-21
€-722k
-1.3%
18-21
€-648k
+42.2%
18-21
2
-76.4%
18-21
€24k
+97.2%
18-21
€814k
-67.1%
18-21
€739k
-40.3%
18-21
€75k
-93.9%
18-21
0.12
+29.8%
18-21
0.12
+29.8%
18-21
-793.6%
-1859.9%
18-21
-0.10
+94.0%
18-21
1055.2%
-1.2%
18-21
-8374.2%
-1837.0%
18-21
35.7%
-21.8%
18-21
1.3%
-97.2%
18-21
0.54
-97.3%
18-21
Figures by fiscal year
| Fiscal year | 2021 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | - |
| Net profit | €-7.62M |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €24k |
| Dividends | - |
| Total assets | €91k |
| Equity | €-722k |
| Debt | €814k |
| of which ≤ 1y | €739k |
| of which > 1y | €75k |
| Working capital | €-648k |
| Employees (FTE) | - |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 0.12 |
| Quick ratio | 0.12 |
| Working capital ratio | -711.4% |
| Solvency | -793.6% |
| Debt / equity | -0.10 |
| Long-term debt ratio | -0.10 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -8374.2% |
| ROE | 1055.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €91k |
| Fixed assets | 21/28 | €187 |
| Financial fixed assets | 28 | €187 |
| Current assets | 29/58 | €91k |
| Amounts receivable within one year | 40/41 | €91k |
| Cash & bank | 54/58 | €329 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €91k |
| Equity | 10/15 | €-722k |
| Contributions / capital | 10/11 | €2.06M |
| Reserves | 13 | €4.84M |
| Accumulated profits (losses) | 14 | €-7.62M |
| Amounts payable | 17/49 | €814k |
| Amounts payable after one year | 17 | €75k |
| Amounts payable within one year | 42/48 | €739k |
| Trade debts payable within one year | 44 | €62k |
| Income statement | ||
| Gross operating margin | 9900 | €110k |
| Operating result | 9901 | €112k |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €15k |
| Income taxes | 67/77 | €24k |
| Net result for the period | 9904 | €-9k |
| Result to be appropriated | 9905 | €-9k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | ELEONORE WESTERLINCK RUE DE SAINT GHIS-
LAIN 11, 1348 LOUVAIN-LA-NEUVE |
17-04-2023 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 07-12-2009 |
| Status | Active |
| Postal code | 1490 |
| First BS signal | 18-12-2020 |
| Latest BS signal | 16-04-2026 |
Establishment units
Rue de Piéton(TR) 71, 6183 Courcelles
since 20092.184.301.131
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
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.
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52066B0930/00F004 | Wallonia | 2,973 m² | 1 · 449 m² | 15.7 m · 3 fl. |
| 25023D0177/00C000 | Wallonia | 2,475 m² | 1 · 210 m² | 9.6 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
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
16-04-2026
Bankruptcy
Bankruptcy closure (insufficient assets)
2023
25-04-2023
Bankruptcy
Opening
2022
17-03-2022
NBB filing
Annual accounts filed
2021
20-12-2021
Judicial reorganisation
Plan homologation
07-06-2021
Judicial reorganisation
Extension
24-03-2021
NBB filing
Annual accounts filed
2020
18-12-2020
Judicial reorganisation
Opening
22-05-2020
NBB filing
Annual accounts filed
2019
25-04-2019
NBB filing
Annual accounts filed
2018
30-03-2018
NBB filing
Annual accounts filed
2017
31-05-2017
NBB filing
Annual accounts filed
2016
01-07-2016
NBB filing
Annual accounts filed
2015
22-07-2015
NBB filing
Annual accounts filed
2014
18-07-2014
NBB filing
Annual accounts filed
2013
19-07-2013
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
16-04-2026
Bankruptcy
Bankruptcy closure (insufficient assets)
25-04-2023
Bankruptcy
Opening
20-12-2021
Judicial reorganisation
Plan homologation
07-06-2021
Judicial reorganisation
Extension
18-12-2020
Judicial reorganisation
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE)
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
| Legal nameFR | Business Solution Alliance |
| AbbreviationFR | BSA |
Registered office
Rue de Sart 31 bus 2
1490 Court-Saint-Etienne, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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