KARABUDAK HASAN
Open bankruptcyA 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.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2023, micro schema
Equity
€57k▼ 43.7%
2022 · €100k
2018: €46k
2019: €56k
2020: €78k
2021: €82k
2022: €100k
2018 → 2023
Total assets
€213k▲ 24.9%
2022 · €171k
2018: €148k
2019: €150k
2020: €180k
2021: €169k
2022: €171k
2018 → 2023
Net result
€-44k
2022 · €18k
2018: €4k
2019: €10k
2020: €22k
2021: €4k
2022: €18k
2018 → 2023
Working capital
€125k▲ 24.6%
2022 · €100k
2018: €89k
2019: €100k
2020: €122k
2021: €127k
2022: €100k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€56k-€78k▲ 38.8%€82k▲ 5.5%€100k▲ 21.9%€57k▼ 43.7%
Operating result€12k-€22k▲ 86.1%€5k▼ 76.6%€22k▲ 324%€-42k
Net result€10k-€22k▲ 114%€4k▼ 80.5%€18k▲ 322%€-44k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €42k after €22k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €213k
Fixed assets
€2k▲ 692%
Current assets
€211k▲ 23.8%
Equity and liabilities €213k
Equity
€57k▼ 43.7%
Debt
€157k▲ 123%
The debt ratio rises from 41.2% to 73.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-42k▼
2022 · €28k
Cash flow
€-44k▼
2022 · €24k
Solvency
26.5%▼
2022 · 58.8%
Current ratio
2.45▲
2022 · 2.42
Quick ratio
2.45▲
2022 · 2.42
Debt / equity
2.77▲
2022 · 0.70
ROE
-77.6%▼
2022 · 17.9%
ROA
-20.6%▼
2022 · 10.6%
Interest coverage
-17.17▼
2022 · 14.07
Debt
€157k▲
2022 · €70k
Debt ≤ 1 year
€86k▲
2022 · €70k
Income taxes
€2k▼
2022 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€171k€213k▲
Fixed assets21/28€274€2k▲
Tangible fixed assets22/27€274€170▼
Plant, machinery and equipment23-€0
Furniture and vehicles24€274€170▼
Financial fixed assets28-€2k
Current assets29/58€170k€211k▲
Amounts receivable within one year40/41€151k€209k▲
Trade receivables40€24k€78k▲
Other amounts receivable41€128k€131k▲
Cash at bank and in hand54/58€17k€13▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€171k€213k▲
Equity10/15€100k€57k▼
Contributions10/11€8k€8k=
Reserves13€74k€74k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€72k€74k▲
Profit (loss) carried forward14€18k€-26k▼
Amounts payable17/49€70k€157k▲
Amounts payable within one year42/48€70k€86k▲
Current portion of amounts payable after more than one year42€19k-
Trade debts44€6k€28k▲
Suppliers440/4€6k€28k▲
Taxes, remuneration and social security45€46k€58k▲
Taxes450/3€46k€58k▲
Accrued charges and deferred income492/3-€70k
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€104▼
Other operating charges640/8€5k€6k▲
Non-recurring operating charges66A-€663
Gross operating margin9900€33k€-35k▼
Operating profit (loss)9901€22k€-42k▼
Financial income75/76B€6k€2k▼
Recurring financial income75€6k€2k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€25k€-42k▼
Income taxes67/77€7k€2k▼
Profit (loss) for the period9904€18k€-44k▼
Profit (loss) for the period to be appropriated9905€18k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€-26k▼
Profit (loss) brought forward from the previous period14P-€18k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
11-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · KARABUDAK HASAN BV TERBOEKT 78, 3600 GENK · event 17-10-2024
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 119 days late
2023
31-12
Financial
Weakest financial yearnet €-44k ▼343%
Net result drops to €-44k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €100kEq €100k ▲21.9%
5 profitable years in a row build equity to €100k.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €22k ▲114%
Operating result €22k, net result €22k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
2015
02-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 2 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Genk · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Terboekt 783600 GenkGround area
1,963 m²
Building footprint
137 m²
Volume, LiDAR
850 m³
Parcel 71304D0700/00M000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Karabudak Hasan
since 20082.175.321.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304D0700/00M000 | Flanders | 1,962 m² | 1 · 137 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | FELIX RUYSSCHAERT PIEPELPOEL 13,
3700 TONGEREN |
17-10-2024 → present |
| Curator | MARK BERNA-
ERTS PIEPELPOEL 13, 3700 TONGEREN- |
17-10-2024 → present |
| Curator | STEFANIE GROSEMANS PIEPEL-
POEL 13, 3700 TONGEREN |
17-10-2024 → present |
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 13,143 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2008
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.