Age6 yrs
Board2
Connections4
Summary
Conclusion
the dossier summarised in one paragraphThe file of South Base Camp contains 1 judicial reorganisation, as published in the Belgian State Gazette. The KBO register records legal situation 091 for South Base Camp (Register: special situation); this is today's state according to the register itself, which carries no start date. The computed 12-month bankruptcy probability is 12.1% (high). The 2024 annual accounts show equity of €477k and a net result of €-184k. Equity is shrinking by ~25.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 19% of 972 sector peers (fiscal year 2024).
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone12.1%
High
0%0,5%1,5%4%10%≥25%
Judicial reorganisation on record
+Lower-failure-rate sector
−Recent warning signals
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
1 events04-05-2026
Judicial reorganisation
Opening
Signals
2 signals · with evidencePersistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 972 sector peers (2024).
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 5 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 31-12-2024, that is 31-07-2025.
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 | 10-07-2025 | 21 d early | 2025-00266098 |
| 31-12-2023 | 31-07-2024 | 12-07-2024 | 19 d early | 2024-00246778 |
| 31-12-2022 | 31-07-2023 | 27-07-2023 | 4 d early | 2023-00283723 |
| 31-12-2021 | 31-07-2022 | 24-08-2022 | 24 d late | 2022-20320622 |
| 31-12-2020 | 31-07-2021 | 20-07-2021 | 11 d early | 2021-40900216 |
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: special situation
The KBO register records legal situation 091 for this company. This is today's state according to the register itself; the register carries no start date.
In judicial reorganisation
Ongoing procedure under court protection (Book XX WER). The company is restructuring.
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€-184k-46.1%
Working capital€-478k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 10-07-2025 with the NBB · fiscal year 2024 · volledig
Sector comparison
Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 8.1% | 39.7% | |
| Net result | €-184k | €32k | |
| Equity | €477k | €152k | |
| Gross operating margin | €319k | €59k | |
| Total assets | €5.86M | €748k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P19
Weakening position over 2021-2024
· n=419-972
P8
Weakening position over 2021-2024
· n=418-972
P66
Stable position over 2021-2024
· n=419-973
P87
Improving position over 2021-2024
· n=324-813
Describes the position versus peers, not a forecast.
€302k
+629.7%
21-24
€-184k
-46.1%
21-24
€159k
-
21-24
€5.86M
-14.1%
21-24
€477k
-27.9%
21-24
€-478k
-
21-24
€-5
+91.0%
21-24
€237k
-
21-24
€5.39M
-12.7%
21-24
€580k
-57.1%
21-24
€4.81M
-0.2%
21-24
0.18
-83.2%
21-24
0.18
-83.2%
21-24
8.1%
-16.0%
21-24
11.31
+21.1%
21-24
-38.7%
-102.6%
21-24
-3.1%
-70.2%
21-24
2.11
+302.5%
21-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €302k |
| Net profit | €-184k |
| Cash flow | €159k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €5.86M |
| Equity | €477k |
| Debt | €5.39M |
| of which ≤ 1y | €580k |
| of which > 1y | €4.81M |
| Working capital | €-478k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.18 |
| Quick ratio | 0.18 |
| Working capital ratio | -8.2% |
| Solvency | 8.1% |
| Debt / equity | 11.31 |
| Long-term debt ratio | 10.09 |
| Interest coverage | 2.11 |
| Gross margin | - |
| Net margin | - |
| ROA | -3.1% |
| ROE | -38.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.86M |
| Fixed assets | 21/28 | €5.76M |
| Formation expenses | 20 | €2k |
| Tangible fixed assets | 22/27 | €5.72M |
| Financial fixed assets | 28 | €40k |
| Current assets | 29/58 | €102k |
| Amounts receivable within one year | 40/41 | €83k |
| Cash & bank | 54/58 | €18k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.86M |
| Equity | 10/15 | €477k |
| Contributions / capital | 10/11 | €545k |
| Reserves | 13 | €21k |
| Accumulated profits (losses) | 14 | €-90k |
| Amounts payable | 17/49 | €5.39M |
| Amounts payable after one year | 17 | €4.81M |
| Amounts payable within one year | 42/48 | €580k |
| Trade debts payable within one year | 44 | €46k |
| Income statement | ||
| Gross operating margin | 9900 | €319k |
| Operating result | 9901 | €-41k |
| Financial charges | 65 | €143k |
| Result before taxes | 9903 | €-184k |
| Net result for the period | 9904 | €-184k |
| Result to be appropriated | 9905 | €-184k |
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 2024 · 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 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
Belgian Industrial GroupLegal entityDirector· perm. rep.: Charles DupontState Gazette act 23132229 (17-10-2023)Current31-05-2023 → present
-
KEY INVEST 2.0Legal entityDirector· perm. rep.: Jérôme LeclefState Gazette act 23132229 (17-10-2023)Current31-05-2023 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 19-06-2020 |
| Status | Active |
| Postal code | 6040 |
| First BS signal | 04-05-2026 |
| Latest BS signal | 04-05-2026 |
Structure & network
Connections & network
4 connected companiesGroup structure
Sits on the board · 3 subsidiaries · 1 location
Control→
Sits on the board · 4 subsidiaries · 1 location
Control→
Network connections
Shared corporate director
→
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
2 partiesControl over this companysits on this company's board2
4 subsidiaries · 1 location
3 subsidiaries · 1 location
controls
South Base CampBE 0748.731.419
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Zoning Industriel-2ème rue 206040 CharleroiEstablishment units
1 locationSouth Base Camp
since 20202.306.208.355
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette04-05-2026
Judicial reorganisation
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
4 acts All acts · 4
updated 3 months ago
2026
27-04-2026 Act object · General meeting · Officer resignation
- Act object: DEMISSIONS, NOMINATIONS · South Base Camp
- General meeting: date: 2026-04-20, type: Assemblée Générale Extraordinaire · South Base Camp
- Officer resignation: date: 2025-11-04, role: administrateur · Belgian Industrial Group SRL
- Officer resignation: date: 2025-07-31, role: administrateur · Caracal Group SPRL
- Filing: date: 2026-04-23 · South Base Camp
- Publication: date: 2026-04-27 · South Base Camp
Summary:
Act object · General meeting · Officer resignation
2023
17-10-2023 2 directors appointed
14-03-2023 Articles of association amended
Summary:
v3.2
2020
23-06-2020 Incorporation of a new SRL
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes13
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
5
Growth
32
Stability
30
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Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 15,318 of the 81,985 companies in this sector. 9,146 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Activiteiten van hoofdkantoren70100Activiteiten van hoofdkantoren70100
Primary activity highlighted.
Names & trade names
| Legal nameFR | South Base Camp |
| AbbreviationFR | SBC |
Registered office
Zoning Industriel-2ème rue 20
6040 Charleroi, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.