BCN
Open bankruptcyA bankruptcy procedure is open for BCN according to publications in the Belgian State Gazette; curator: LIEVE TEINTENIER.
Summary
The file additionally contains 1 administrative flag.
Inactive; last annual accounts for fiscal year 2022.
Signals
Four 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 31-12-2023, 3 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 · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-07-2023, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
on the day
2020
2 d late
2019
98 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, micro schema
Equity
€57k▲ 40.7%
2020 · €41k
2019: €22klowest value
2020: €41k▲ +87.4% vs 2019
2022: €57khighest value
2019 → 2022
Total assets
€81k▲ 71.4%
2020 · €47k
2019: €45klowest value
2020: €47k▲ +5.1% vs 2019
2022: €81khighest value
2019 → 2022
Net result
€10k▼ 46.4%
2020 · €19k
2019: €-3klowest value
2020: €19k▲ +680% vs 2019highest value
2022: €10k
2019 → 2022
Working capital
€57k▲ 40.7%
2020 · €40k
2019: €21klowest value
2020: €40k▲ +90.4% vs 2019
2022: €57khighest value
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202022Trend
Equity€22k-€41k▲ 87.4%€57k▲ 40.7%
2019: €22klowest value
2020: €41k▲ +87.4% vs 2019
2022: €57khighest value
Operating result€-3k-€19k€9k▼ 52.8%
2019: €-3klowest value
2020: €19k▲ +774% vs 2019highest value
2022: €9k
Net result€-3k-€19k€10k▼ 46.4%
2019: €-3klowest value
2020: €19k▲ +680% vs 2019highest value
2022: €10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €9k in 2022, compared with €19k in 2020. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2022 in colour, 2020 as the grey bar beneath
Assets €81k
Fixed assets
€604 ▲ 41.8%
Current assets
€81k ▲ 71.7%
Equity and liabilities €81k
Equity
€57k ▲ 40.7%
Debt
€24k ▲ 257%
Debt's share of the balance-sheet total rises from 14.2% to 29.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▼
2020 · €19k
Cash flow
€10k▼
2020 · €19k
Current ratio
3.36▼
2020 · 7.00
Quick ratio
3.30▼
2020 · 6.96
Debt to equity
0.42
ROE
17.8%▼
2020 · 46.7%
ROA
12.5%▼
2020 · 40.0%
Interest coverage
18.67
Debt ≤ 1 year
€24k▲
2020 · €7k
Income taxes
€2k▼
2020 · €2k
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 · 2022 against 2020 · 37 lines
Balance sheet
Code20202022
Assets
Total assets20/58€47k€81k▲
Fixed assets21/28€426€604▲
Tangible fixed assets22/27€129€307▲
Furniture and vehicles24-€307
Financial fixed assets28€297€297=
Current assets29/58€47k€81k▲
Stocks and contracts in progress3€245€1k▲
Stocks30/36-€1k
Amounts receivable within one year40/41€39k€77k▲
Trade receivables40-€77k
Cash at bank and in hand54/58€7k€2k▼
Equity and liabilities
Total equity and liabilities10/49€47k€81k▲
Equity10/15€41k€57k▲
Contributions10/11€25k€25k=
Capital10-€25k
Issued capital100-€25k
Reserves13€3k€3k=
Non-distributable reserves130/1-€3k
Legal reserve130-€3k
Profit (loss) carried forward14€12k€29k▲
Amounts payable17/49€7k€24k▲
Amounts payable within one year42/48€7k€24k▲
Current portion of amounts payable after more than one year42-€24k
Trade debts44€2k-
Income statement
Code20202022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136€158▲
Gross operating margin9900€19k€9k▼
Operating profit (loss)9901€19k€9k▼
Financial income75/76B-€4k
Recurring financial income75€3k€4k▲
Financial charges65/66B-€487
Recurring financial charges65€475€487▲
Profit (loss) for the period before taxes9903€21k€12k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€19k€10k▼
Profit (loss) for the period to be appropriated9905€19k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€29k
Profit (loss) brought forward from the previous period14P-€19k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2022 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €147 | €136 | €158 | - |
| Gross operating margin9900 | €-2k | €19k | €9k | - |
| Operating profit (loss)9901 | €-3k | €19k | €9k | - |
| Financial income75/76B | - | - | €4k | - |
| Recurring financial income75 | - | €3k | €4k | - |
| Financial charges65/66B | - | - | €487 | - |
| Recurring financial charges65 | €463 | €475 | €487 | - |
| Profit (loss) for the period before taxes9903 | €-3k | €21k | €12k | - |
| Income taxes67/77 | - | €2k | €2k | - |
| Profit (loss) for the period9904 | €-3k | €19k | €10k | - |
| Profit (loss) for the period to be appropriated9905 | €-3k | €19k | €10k | - |
| Line | 2019 | 2020 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €45k | €47k | €81k | - |
| Fixed assets21/28 | €562 | €426 | €604 | - |
| Tangible fixed assets22/27 | €265 | €129 | €307 | - |
| Furniture and vehicles24 | - | - | €307 | - |
| Financial fixed assets28 | €297 | €297 | €297 | - |
| Current assets29/58 | €45k | €47k | €81k | - |
| Stocks and contracts in progress3 | €2k | €245 | €1k | - |
| Stocks30/36 | - | - | €1k | - |
| Amounts receivable within one year40/41 | €40k | €39k | €77k | - |
| Trade receivables40 | - | - | €77k | - |
| Cash at bank and in hand54/58 | €2k | €7k | €2k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €45k | €47k | €81k | - |
| Equity10/15 | €22k | €41k | €57k | - |
| Contributions10/11 | €25k | €25k | €25k | - |
| Capital10 | - | - | €25k | - |
| Issued capital100 | - | - | €25k | - |
| Reserves13 | - | €3k | €3k | - |
| Non-distributable reserves130/1 | - | - | €3k | - |
| Legal reserve130 | - | - | €3k | - |
| Profit (loss) carried forward14 | €-3k | €12k | €29k | - |
| Amounts payable17/49 | €23k | €7k | €24k | - |
| Amounts payable within one year42/48 | €23k | €7k | €24k | - |
| Current portion of amounts payable after more than one year42 | - | - | €24k | - |
| Trade debts44 | €2k | €2k | - | - |
| Line | 2019 | 2020 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €19k | €10k | - |
| + Depreciation and write-downs630 | €147 | €136 | €158 | - |
| Operating cash flow (approximation) | €-3k | €19k | €10k | - |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | €6k | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
24-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 17-03-2026
2025
04-04
KBO administration
Address struck
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 7.00
Current ratio from 1.90 to 7.00; short-term debt falls from €23k to €7k.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
5 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIEVE TEINTENIER SYLVAIN DUPUISLAAN 217,
1070 BRUSSEL 7 |
17-03-2026 → present |
Identification & contact
Identification
Legal formBVBA
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.