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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 KARABUDAK HASAN according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €57k and a net result of €-44k.
Based on the State Gazette, CBE and 4 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 events11-12-2024
Bankruptcy
Opening
Filing behaviour
From the deposit records, complete market-wideFiling 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 31-12-2023, that is 31-07-2024.
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 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | 27-11-2024 | 119 d late | 2024-00604987 |
| 31-12-2022 | 31-07-2023 | 30-08-2023 | 30 d late | 2023-00374656 |
| 31-12-2021 | 31-07-2022 | 19-08-2022 | 19 d late | 2022-20307621 |
| 31-12-2020 | 31-07-2021 | 30-08-2021 | 30 d late | 2021-57000259 |
| 31-12-2019 | 31-07-2020 | 03-07-2020 | 28 d early | 2020-26800033 |
| 31-12-2018 | 31-07-2019 | 28-06-2019 | 33 d early | 2019-26500159 |
| 31-12-2017 | 31-07-2018 | 28-06-2018 | 33 d early | 2018-24500101 |
| 31-12-2016 | 31-07-2017 | 30-05-2017 | 62 d early | 2017-13600241 |
| 31-12-2015 | 31-07-2016 | 10-08-2016 | 10 d late | 2016-42000109 |
| 31-12-2014 | 31-07-2015 | 02-08-2015 | 2 d late | 2015-40400598 |
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 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.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-44k
Working capital€125k-1.8%
Directors3
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 27-11-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 26.5% | 37.6% | |
| Net result | €-44k | €9k | |
| Equity | €57k | €25k | |
| Gross operating margin | €-35k | €27k | |
| Total assets | €213k | €80k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-42k
-
18-23
€-44k
-
18-23
€-44k
-
18-23
€213k
+26.5%
18-23
€57k
-31.4%
18-23
€125k
-1.8%
18-23
€2k
-38.0%
18-23
€157k
+81.8%
18-23
€86k
+146.8%
18-23
€51k
-17.8%
18-23
2.45
-47.2%
18-23
2.45
-47.2%
18-23
26.5%
-45.7%
18-23
2.77
+164.9%
18-23
-77.6%
-
18-23
-20.6%
-
18-23
-17.17
-
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-42k |
| Net profit | €-44k |
| Cash flow | €-44k |
| Staff costs | - |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €213k |
| Equity | €57k |
| Debt | €157k |
| of which ≤ 1y | €86k |
| of which > 1y | - |
| Working capital | €125k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 2.45 |
| Quick ratio | 2.45 |
| Working capital ratio | 58.5% |
| Solvency | 26.5% |
| Debt / equity | 2.77 |
| Long-term debt ratio | - |
| Interest coverage | -17.17 |
| Gross margin | - |
| Net margin | - |
| ROA | -20.6% |
| ROE | -77.6% |
| 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 | €213k |
| Fixed assets | 21/28 | €2k |
| Tangible fixed assets | 22/27 | €170 |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €211k |
| Amounts receivable within one year | 40/41 | €209k |
| Cash & bank | 54/58 | €13 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €213k |
| Equity | 10/15 | €57k |
| Contributions / capital | 10/11 | €8k |
| Reserves | 13 | €74k |
| Accumulated profits (losses) | 14 | €-26k |
| Amounts payable | 17/49 | €157k |
| Amounts payable within one year | 42/48 | €86k |
| Trade debts payable within one year | 44 | €28k |
| Income statement | ||
| Gross operating margin | 9900 | €-35k |
| Operating result | 9901 | €-42k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-42k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €-44k |
| Result to be appropriated | 9905 | €-44k |
You're seeing the latest fiscal year only. Unlock 3 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 from Kantoor S.
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
-
HERDEM AynurDirectorState Gazette act 23375673 (25-07-2023)Current25-07-2023 → present
-
KARABUDAK HasanDirectorState Gazette act 23375673 (25-07-2023)Current25-07-2023 → present
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
3 mandates| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | FELIX RUYSSCHAERT PIEPELPOEL 13,
3700 TONGEREN |
17-10-2024 → present | Belgian State Gazette |
| Curator | MARK BERNA-
ERTS PIEPELPOEL 13, 3700 TONGEREN- |
17-10-2024 → present | Belgian State Gazette |
| Curator | STEFANIE GROSEMANS PIEPEL-
POEL 13, 3700 TONGEREN |
17-10-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Algemene bouw van residentiële gebouwen(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 21-10-2008 |
| Status | Active |
| Postal code | 3600 |
| First BS signal | 11-12-2024 |
| Latest BS signal | 11-12-2024 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
3 court or liquidation mandates are on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationKarabudak Hasan
since 20082.175.321.010
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,963 m²
Buildings1
Building footprint137 m²
Volume (LiDAR)850 m³
Tallest building8.7 m · ±2 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
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304D0700/00M000 | Flanders | 1,962 m² | 1 · 137 m² | 8.7 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 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 Gazette11-12-2024
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
1 acts All acts · 1
updated 3 years ago
2023
25-07-2023 2 directors appointed
Analysis
Snowflake analysis
financial profile on 5 axes23
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
63
Growth
52
Stability
0
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Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 5,321 of the 29,561 companies in this sector. 4,636 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201
Primary activity highlighted.
Names & trade names
| Legal nameNL | KARABUDAK HASAN |
Registered office
Terboekt 78
3600 Genk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.