BXL
Bankruptcy closedInactive since 05-09-2026; last annual accounts for fiscal year 2020.
Summary
BXL was declared bankrupt on 20-05-2025 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 01-09-2026, published in the Belgian State Gazette on 08-09-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 26-10-2021, 87 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
not filed
2021
not filed
2020
87 d late
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 77 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2020, abbreviated schema
Equity
€58,249▼ 12.3%
2019 · €66,426
Total assets
€60,453▼ 11.1%
2019 · €67,993
Net result
-€8,177
2019 · €14,937
Working capital
€58,249▼ 12.3%
2019 · €66,426
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€10,112-€14,937▲ 47.7%-€5,773
Net result€10,025-€14,937▲ 49.0%-€8,177
Equity€51,489-€66,426▲ 29.0%€58,249▼ 12.3%
Total assets€55,195-€67,993▲ 23.2%€60,453▼ 11.1%
Debt€3,706-€1,567▼ 57.7%€2,204▲ 40.7%
Working capital€52,517-€66,426▲ 26.5%€58,249▼ 12.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €5,773 after €14,937 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €60,453
Equity
€58,249 ▼ 12.3%
Debt
€2,204 ▲ 40.7%
Debt's share of the balance-sheet total rises from 2.3% to 3.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
27.43▼
2019 · 43.39
Quick ratio
27.19▼
2019 · 43.06
ROE
-14.0%▼
2019 · 22.5%
ROA
-13.5%▼
2019 · 22.0%
Debt ≤ 1 year
€2,204▲
2019 · €1,567
Income taxes
€2,195
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 |
|---|---|---|---|---|
| Gross operating margin9900 | €10,466 | €15,537 | -€5,300 | ▼ 134% |
| Operating profit (loss)9901 | €10,112 | €14,937 | -€5,773 | ▼ 139% |
| Recurring financial charges65 | €87 | - | €210 | - |
| Profit (loss) for the period before taxes9903 | €10,025 | €14,937 | -€5,982 | ▼ 140% |
| Income taxes67/77 | - | - | €2,195 | - |
| Profit (loss) for the period9904 | €10,025 | €14,937 | -€8,177 | ▼ 155% |
| Profit (loss) for the period to be appropriated9905 | €10,025 | €14,937 | -€8,177 | ▼ 155% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €55,195 | €67,993 | €60,453 | ▼ 11.1% |
| Current assets29/58 | €55,195 | €67,993 | €60,453 | ▼ 11.1% |
| Stocks and contracts in progress3 | - | €524 | €524 | = |
| Amounts receivable within one year40/41 | €18,972 | €26,176 | €22,468 | ▼ 14.2% |
| Cash at bank and in hand54/58 | €36,223 | €41,293 | €37,461 | ▼ 9.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €55,195 | €67,993 | €60,453 | ▼ 11.1% |
| Equity10/15 | €51,489 | €66,426 | €58,249 | ▼ 12.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €31,029 | €45,966 | €37,789 | ▼ 17.8% |
| Amounts payable17/49 | €3,706 | €1,567 | €2,204 | ▲ 40.7% |
| Amounts payable within one year42/48 | €2,677 | €1,567 | €2,204 | ▲ 40.7% |
| Trade debts44 | - | €1,012 | €1,704 | ▲ 68.4% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,025 | €14,937 | -€8,177 | ▼ 155% |
| Operating cash flow (approximation) | €10,025 | €14,937 | -€8,177 | ▼ 155% |
| Change in cash | - | €5,071 | -€3,833 | ▼ 176% |
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
08-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 01-09-2026
2025
27-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 20-05-2025
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 87 days late
2020
31-12
Financial
Weakest financial yearnet -€8,177
Net result drops to -€8,177, the lowest in the series.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
31-12
Financial
Highest result since 2018net €14,937 ▲49%
Operating result €14,937, net result €14,937, both a record.
31-12
Financial
Liquidity doublescurrent ratio 43.39
Current ratio from 20.62 to 43.39; short-term debt falls from €2,677 to €1,567.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 days late
2016
28-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
03-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 3 days late
2014
28-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
26-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 26 days late
Show earlier events
2012
25-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
27-07
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
29-07
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Sint-Pieters-Leeuw
Ground area
8,312 m²
Building footprint
1,330 m²
Parcel 23582E0505/00E000, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,330 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 | Jan DE RIECK PEGASUSLAAN 5, 1831 DIEGEM- |
20-05-2025 → 01-09-2026 |