BATIBO
Open bankruptcyA bankruptcy procedure is open for BATIBO according to publications in the Belgian State Gazette; curator: PIERRE-EMMANUEL CORNIL.
Summary
The file additionally contains 2 judicial reorganisations. The 2024 annual accounts show negative equity (€-219k) and a net result of €52k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 3549 sector peers (2024).
NBB · sector comparisonPosition among 3549 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
42 d early
2022
31 d early
2021
39 d early
2020
114 d late
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€52k
2023 · €-549k
2018: €15k
2019: €56k
2020: €49k
2021: €30k
2022: €42k
2023: €-549k
2018 → 2024
Working capital
€-300k▲ 15.5%
2023 · €-355k
2018: €82k
2019: €209k
2020: €228k
2021: €205k
2022: €218k
2023: €-355k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€207k-€237k▲ 14.5%€279k▲ 17.9%€-270k€-219k▲ 19.1%
Operating result€115k-€41k▼ 64.7%€143k▲ 252%€-442k€60k
Net result€49k-€30k▼ 38.3%€42k▲ 40.7%€-549k€52k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €60k after a loss of €442k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.02M
Fixed assets
€81k ▼ 4.3%
Current assets
€942k ▼ 8.4%
Key figures and ratios
EBITDA
€83k▲
2023 · €-422k
Cash flow
€75k▲
2023 · €-528k
Solvency
-21.4%▲
2023 · -24.3%
Current ratio
0.76▲
2023 · 0.74
Quick ratio
0.74▲
2023 · 0.73
Debt to equity
-5.68▼
2023 · -5.12
ROA
5.0%▲
2023 · -49.3%
Interest coverage
9.43▲
2023 · -5.47
Debt
€1.24M▼
2023 · €1.38M
Debt ≤ 1 year
€1.24M▼
2023 · €1.38M
Income taxes
€984▼
2023 · €32k
Staff costs
€901k▼
2023 · €1.00M
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.11M€1.02M▼
Fixed assets21/28€85k€81k▼
Tangible fixed assets22/27€63k€54k▼
Plant, machinery and equipment23€829-
Furniture and vehicles24€33k€31k▼
Other tangible fixed assets26€29k€23k▼
Financial fixed assets28€23k€28k▲
Current assets29/58€1.03M€942k▼
Stocks and contracts in progress3€20k€20k=
Stocks30/36€20k€20k=
Amounts receivable within one year40/41€971k€769k▼
Trade receivables40€920k€768k▼
Other amounts receivable41€52k€1k▼
Cash at bank and in hand54/58€37k€150k▲
Deferred charges and accrued income490/1€448€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.02M▼
Equity10/15€-270k€-219k▲
Contributions10/11€19k€19k=
Reserves13€127k€127k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€125k€125k=
Profit (loss) carried forward14€-416k€-364k▲
Amounts payable17/49€1.38M€1.24M▼
Amounts payable within one year42/48€1.38M€1.24M▼
Current portion of amounts payable after more than one year42€11k€30▼
Financial debts43-€15k
Credit institutions430/8-€15k
Trade debts44€322k€140k▼
Suppliers440/4€322k€140k▼
Taxes, remuneration and social security45€425k€177k▼
Taxes450/3€277k€59k▼
Remuneration and social security454/9€147k€119k▼
Other amounts payable47/48€626k€911k▲
Income statement
Code20232024
Non-recurring operating income76A-€31k
Remuneration, social security and pensions62€1.00M€901k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€23k▲
Other operating charges640/8€5k€20k▲
Non-recurring operating charges66A€3k€31k▲
Gross operating margin9900€590k€1.03M▲
Operating profit (loss)9901€-442k€60k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€77k€9k▼
Recurring financial charges65€77k€9k▼
Profit (loss) for the period before taxes9903€-517k€53k▲
Income taxes67/77€32k€984▼
Profit (loss) for the period9904€-549k€52k▲
Profit (loss) for the period to be appropriated9905€-549k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-416k€-364k▲
Profit (loss) brought forward from the previous period14P€133k€-416k▼
Social balance
Average headcount (FTE)908717.315.2▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
25-08
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · BATIBO (SRL) AVENUE DELI XL 2A, 6530 THUIN · event 19-08-2025
2024
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
04-06
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · collectif · event 30-05-2024
16-02
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collectif · event 08-02-2024
2023
31-12
Financial
Weakest financial yearnet €-549k ▼1400%
Net result drops to €-549k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
2020
31-12
Financial
Equity above €200kEq €207k ▲30.8%
3 profitable years in a row build equity to €207k.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Highest result since 2018net €56k ▲276%
Net result €56k, the highest in the series.
31-12
Financial
Equity above €150kEq €158k ▲54.4%
2 profitable years in a row build equity to €158k.
21-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 82 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Registered office, Thuin · 3 establishment units since 2020
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.
Avenue DELI XL 26530 ThuinGround area
5,546 m²
Building footprint
533 m²
Volume, LiDAR
4,960 m³
3 parcels, Wallonia · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
BATIBO
since 20202.306.788.771
BATIBO
since 20202.306.788.870
BATIBO
since 20242.357.139.887
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92043B0311/00K000 | Wallonia | 5,135 m² | 1 · 270 m² | 12.7 m · 3 fl. |
| 52007C0020/00K017 | Wallonia | 322 m² | 1 · 127 m² | 9.8 m · 3 fl. |
| 25764N0136/00E000 | Wallonia | 88 m² | 1 · 136 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 3
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE-EMMANUEL CORNIL RUE DE GOZEE 137,
6110 MONTIGNY-LE-TILLEUL- .
Date provisoire de cessation de paiement : 19/08/2025 |
19-08-2025 → present |
Similar companies · same sector, comparable size
Verhaert en Compagnie
BE 0404.114.866
Ranst · Eq €279k
GLASHANDEL LAGROU EN ZOON
BE 0418.368.819
Koekelare · Eq €280k
GLASWERKEN VIGOUREUX
BE 0427.887.784
Wijnegem · Eq €272k
AD VITRERIE
BE 0476.097.081
Liège · Eq €268k
PJ Construction
BE 0847.817.117
Florennes · Eq €291k
Of 489 companies in sector 43343 we hold annual accounts for 294. 243 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43343Specialised construction activities
43230Insulation installation
43320Joinery installation
47529Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.