TEKIN BARIS
InactiveTEKIN BARIS was declared bankrupt on 03-10-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 04-11-2025, published in the Belgian State Gazette on 12-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-10-2022, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
92 d late
2020
95 d late
2019
410 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Turnover
€195k▲ 29.9%
2019 · €150k
2018: €96k
2019: €150k
2018 → 2020
EBIT margin
21.6%▲ 11.4pp
2019 · 10.1%
2018: 1.2%
2019: 10.1%
2018 → 2020
Net result
€44k▲ 61.0%
2020 · €27k
2018: €419
2019: €-952
2020: €27k
2018 → 2021
Working capital
€91k▲ 123%
2020 · €41k
2018: €15k
2019: €13k
2020: €41k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€96k-€150k▲ 56.4%€195k▲ 29.9%
Equity€15k-€14k▼ 6.4%€41k▲ 195%€91k▲ 121%
Operating result€1k-€15k▲ 1,169%€42k▲ 177%€60k▲ 42.7%
Net result€419-€-952€27k€44k▲ 61.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2021 is 43% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €268k
Fixed assets
€248 ▼ 42.1%
Current assets
€268k ▲ 29.4%
Equity and liabilities €268k
Equity
€91k ▲ 121%
Debt
€177k ▲ 6.5%
Debt's share of the balance-sheet total falls from 80.2% to 66.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60k▲
2020 · €42k
Cash flow
€44k▲
2020 · €28k
Current ratio
1.51▲
2020 · 1.24
Quick ratio
1.14▲
2020 · 0.45
Debt to equity
1.95
ROE
48.1%▼
2020 · 66.2%
ROA
16.3%▲
2020 · 13.1%
Interest coverage
310.25
Debt ≤ 1 year
€177k▲
2020 · €166k
Income taxes
€16k▲
2020 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 42 lines
Balance sheet
Code20202021
Assets
Total assets20/58€208k€268k▲
Fixed assets21/28€428€248▼
Tangible fixed assets22/27€428€248▼
Plant, machinery and equipment23-€88
Furniture and vehicles24-€160
Current assets29/58€207k€268k▲
Stocks and contracts in progress3€132k€66k▼
Stocks30/36-€66k
Amounts receivable within one year40/41€60k€154k▲
Trade receivables40-€111k
Other amounts receivable41-€43k
Cash at bank and in hand54/58€14k€47k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€208k€268k▲
Equity10/15€41k€91k▲
Contributions10/11€100€6k▲
Reserves13€1k€1k=
Non-distributable reserves130/1-€1k
Reserves not available under the articles1311-€1k
Profit (loss) carried forward14€40k€83k▲
Amounts payable17/49€166k€177k▲
Amounts payable within one year42/48€166k€177k▲
Trade debts44€151k€135k▼
Suppliers440/4-€135k
Taxes, remuneration and social security45-€32k
Taxes450/3-€32k
Other amounts payable47/48-€11k
Income statement
Code20202021
Turnover70€195k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€340€370▲
Other operating charges640/8-€1k
Gross operating margin9900€45k€62k▲
Operating profit (loss)9901€42k€60k▲
Financial income75/76B-€32
Recurring financial income75-€32
Financial charges65/66B-€194
Recurring financial charges65€164€194▲
Profit (loss) for the period before taxes9903€42k€60k▲
Income taxes67/77€15k€16k▲
Profit (loss) for the period9904€27k€44k▲
Profit (loss) for the period to be appropriated9905€27k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€83k
Profit (loss) brought forward from the previous period14P-€40k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · TEKIN BARIS BV SINT-ANNASTRAAT 48, 1800 VILVOORDE · event 04-11-2025
2023
09-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · TEKIN BARIS BV SINT-ANNA- STRAAT 48, 1800 VILVOORDE · event 03-10-2023
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 92 days late
2021
31-12
Financial
Highest result since 2018net €44k ▲61%
Operating result €60k, net result €44k, both a record.
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 95 days late
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 410 days late
2020
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
2019
31-12
Financial
Weakest financial yearnet €-952 ▼327%
Net result drops to €-952, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 227 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 575 days late
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM BOLLEN STEENWEG OP SINT-JORIS-WINGE 21,
3200 AARSCHOT |
03-10-2023 → 04-11-2025 |