Active BE 0807.255.972Private limited companyOpen bankruptcy

KARABUDAK HASAN

Terboekt 78 ·3600 Genk, Belgium· 17 yrs active

Sector: Algemene bouw van residentiële gebouwen (41001)

Conclusion Checked

A 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.

Key figures

Equity	€57k
Net result	€-44k
Better than sector	37%
Active	17 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

23 / 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

Bankruptcy probability (12 mo) Checked model v1 · free

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 rule-based

50 / 100

High riskRegister: open bankruptcy

This 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

· Open bankruptcy (+50)

Trust signals 2 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.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

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 FY 2023 · computed

0 / 100 Critical

050100

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.

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Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 27-11-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

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%	better than 37% of 3129 sector peers
Net result	€-44k	€9k	better than 5% of 3122 sector peers
Equity	€57k	€25k	better than 75% of 3134 sector peers
Gross operating margin	€-35k	€27k	better than 5% of 3116 sector peers
Total assets	€213k	€80k	better than 80% of 3130 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-42k

- 18-23

Net profit

€-44k

- 18-23

Cash flow

€-44k

- 18-23

Total assets

€213k

+26.5% 18-23

Equity

€57k

-31.4% 18-23

Working capital

€125k

-1.8% 18-23

Income taxes

€2k

-38.0% 18-23

Debt

€157k

+81.8% 18-23

Debt ≤ 1y

€86k

+146.8% 18-23

Debt > 1y

€51k

-17.8% 18-23

Current ratio

2.45

-47.2% 18-23

Quick ratio

2.45

-47.2% 18-23

Solvency

26.5%

-45.7% 18-23

Debt / equity

2.77

+164.9% 18-23

ROE

-77.6%

- 18-23

ROA

-20.6%

- 18-23

Interest coverage

-17.17

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

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

Assets

Fixed assets €2k · 1.0% Current assets €211k · 99.0%

Equity & liabilities

Equity €57k · 26.5% Debt €157k · 73.5%

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.

Directors & mandates 2 directors

Current directors & mandates

HERDEM Aynur
Director
State Gazette act 23375673 (25-07-2023)

Current
25-07-2023 → present
KARABUDAK Hasan
Director
State Gazette act 23375673 (25-07-2023)

Current
25-07-2023 → 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.

Directors & mandates3 persons

Role	Name	Tenure	Source
Curator	FELIX RUYSSCHAERT PIEPELPOEL 13, 3700 TONGEREN ↔ Also on 122 other cases	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

Establishment units 1 location

Karabudak Hasan

Terboekt 78, 3600 GenkOptrekken van de ruwbouw van individuele huizen

since 20082.175.321.010

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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.

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.

Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

11-12-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · KARABUDAK HASAN BV TERBOEKT 78, 3600 GENK · event 17-10-2024

27-11-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

30-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

25-07-2023

State Gazette act Director changes

v3.2

2022

19-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

2021

30-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

2020

03-07-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2019

28-06-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

28-06-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

2017

30-05-2017

NBB filing Annual accounts filed

fiscal year 2016 · micro

2016

10-08-2016

NBB filing Annual accounts filed

fiscal year 2015 · verkort

2015

02-08-2015

NBB filing Annual accounts filed

fiscal year 2014 · verkort

Lifecycle & Insolvency Signals 1 events

11-12-2024

Bankruptcy Opening

Date: 17-10-2024 · Ondernemingsrechtbank Antwerpen, afdeling Hasselt · KARABUDAK HASAN BV TERBOEKT 78, 3600 GENK · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro 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 Director changes

KARABUDAK Hasan, Bestuurder
HERDEM Aynur, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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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) Crossroads Bank

Activities

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.

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