Active BE 0473.967.833Public limited companyOpen bankruptcy

BAS CONTRACTING

Welvaartstraat (HRT) 10 ·2200 Herentals, Belgium· 25 yrs active

Sector: Specialised construction (43222)

Conclusion Checked

A bankruptcy procedure is open for BAS CONTRACTING according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €210k and a net result of €-71k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€210k
Net result	€-71k
Staff (FTE)	13.4
Better than sector	26%

Snowflake analysis 5 of 5 axes measured · computed by Checked

11 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 22

Growth 32

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 risk

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 administrative flags

Health barometer FY 2021 · 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.

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Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 17-11-2022 with the NBB · fiscal year 2021 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	13.7%	30.9%	better than 26% of 556 sector peers
Net result	€-71k	€30k	better than 7% of 554 sector peers
Equity	€210k	€155k	better than 57% of 556 sector peers
Gross operating margin	€258k	€246k	better than 51% of 555 sector peers
Staff costs	€225k	€242k	higher than 48% of 334 sector peers

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

EBITDA

€-31k

- far below sector median

Net profit

€-71k

- far below sector median

Cash flow

€-50k

- far below sector median

Total assets

€1.54M

-13.6% far above sector median

Equity

€210k

-25.2% +264% vs sector

Working capital

€115k

+353.2% +219% vs sector

Employees (FTE)

13

-52.3% +17% vs sector

Staff costs

€225k

- +237% vs sector

Income taxes

€2k

- +269% vs sector

Debt

€1.33M

-11.4% far above sector median

Debt ≤ 1y

€1.31M

-10.4% far above sector median

Debt > 1y

€4k

-84.5% -97% vs sector

Current ratio

1.09

+6.9% -78% vs sector

Quick ratio

1.08

+7.0% -76% vs sector

Solvency

13.7%

-13.4% -84% vs sector

Debt / equity

6.32

+7263.3% far above sector median

ROE

-33.7%

- far below sector median

ROA

-4.6%

- far below sector median

Interest coverage

-1.13

- far below sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Revenue	-
EBITDA	€-31k
Net profit	€-71k
Cash flow	€-50k
Staff costs	€225k
Income taxes	-
Dividends	-
Total assets	€1.54M
Equity	€210k
Debt	€1.33M
of which ≤ 1y	€1.31M
of which > 1y	€4k
Working capital	€115k
Employees (FTE)	13.4

Ratios (computed)

	2021
Current ratio	1.09
Quick ratio	1.08
Working capital ratio	7.5%
Solvency	13.7%
Debt / equity	6.32
Long-term debt ratio	0.02
Interest coverage	-1.13
Gross margin	-
Net margin	-
ROA	-4.6%
ROE	-33.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €114k · 7.4% Current assets €1.42M · 92.6%

Equity & liabilities

Equity €210k · 13.7% Debt €1.33M · 86.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.54M
Fixed assets	21/28	€114k
Intangible fixed assets	21	€1k
Tangible fixed assets	22/27	€27k
Financial fixed assets	28	€86k
Current assets	29/58	€1.42M
Stocks & contracts in progress	3	€9k
Amounts receivable within one year	40/41	€1.23M
Investments	50/53	€675
Cash & bank	54/58	€58k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.54M
Equity	10/15	€210k
Contributions / capital	10/11	€110k
Reserves	13	€13k
Accumulated profits (losses)	14	€87k
Amounts payable	17/49	€1.33M
Amounts payable after one year	17	€4k
Amounts payable within one year	42/48	€1.31M
Trade debts payable within one year	44	€309k
Income statement
Gross operating margin	9900	€258k
Operating result	9901	€-52k
Financial income	75	€9k
Financial charges	65	€28k
Result before taxes	9903	€-71k
Net result for the period	9904	€-71k
Result to be appropriated	9905	€-71k

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	VEERLE VERHAEGEN STEENWEG OP ZEVENDONK 60, 2300 TURNHOUT ↔ Also on 76 other cases	02-04-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43222)
Legal form	Public limited company(014)
Incorporation	31-01-2001
Status	Active
Postal code	2200
First BS signal	09-04-2024
Latest BS signal	09-04-2024

Company structure, linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

Welvaartstraat (HRT) 10, 2200 Herentals

Vervaardiging van motoren met inwendige verbranding en onderdelen daarvan, voor divers gebruik :voor railvoertuigen, landbouwwerktuigen en machines voor de bouwnijverheid, scheepsmotoren en buitenboot

since 20012.098.067.636

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.
13027A0023/02E000	Flanders	8,276 m²	1 · 1,818 m²	7.1 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 11 events

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

2024

09-04-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · BAS CONTRACTING NV WELVAARTSTRAAT 10, 2200 HERENTALS · event 02-04-2024

2022

17-11-2022