BELGASERRE
BankruptcyThe KBO register records for BELGASERRE the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €48k and a net result of €2k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 05-07-2022, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
26 d early
2020
24 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Equity
€48k▲ 4.3%
2020 · €46k
2018: €29k
2019: €34k
2020: €46k
2018 → 2021
Total assets
€94k▲ 37.8%
2020 · €68k
2018: €90k
2019: €70k
2020: €68k
2018 → 2021
Net result
€2k▼ 91.6%
2020 · €24k
2018: €6k
2019: €6k
2020: €24k
2018 → 2021
Working capital
€42k▲ 6.0%
2020 · €40k
2018: €34k
2019: €43k
2020: €40k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€29k-€34k▲ 19.5%€46k▲ 33.8%€48k▲ 4.3%
Operating result€7k-€11k▲ 46.7%€12k▲ 7.7%€9k▼ 24.5%
Net result€6k-€6k▼ 5.2%€24k▲ 322%€2k▼ 91.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 24% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €94k
Fixed assets
€6k▼ 6.4%
Current assets
€89k▲ 42.1%
Equity and liabilities €94k
Equity
€48k▲ 4.3%
Debt
€47k▲ 106%
The debt ratio rises from 33.1% to 49.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▼
2020 · €15k
Cash flow
€3k▼
2020 · €27k
Solvency
50.7%▼
2020 · 66.9%
Current ratio
1.91▼
2020 · 2.76
Quick ratio
1.64▼
2020 · 2.20
Debt / equity
0.97
ROE
4.2%▼
2020 · 51.4%
ROA
2.1%▼
2020 · 34.4%
Interest coverage
2.12
Debt
€47k▲
2020 · €23k
Debt ≤ 1 year
€47k▲
2020 · €23k
Income taxes
€4k▲
2020 · €3k
Staff costs
€150k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€68k€94k▲
Fixed assets21/28€6k€6k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23-€779
Furniture and vehicles24-€643
Financial fixed assets28€4k€4k▲
Current assets29/58€62k€89k▲
Stocks and contracts in progress3€13k€12k▼
Stocks30/36-€12k
Contracts in progress37-€120
Amounts receivable within one year40/41€47k€73k▲
Trade receivables40-€61k
Other amounts receivable41-€12k
Cash at bank and in hand54/58€65€3k▲
Deferred charges and accrued income490/1-€307
Equity and liabilities
Total equity and liabilities10/49€68k€94k▲
Equity10/15€46k€48k▲
Contributions10/11-€19k
Reserves13€27k€29k▲
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Tax-exempt reserves132-€0
Distributable reserves133-€27k
Profit (loss) carried forward14€0€0=
Amounts payable17/49€23k€47k▲
Amounts payable within one year42/48€23k€47k▲
Financial debts43-€0
Credit institutions430/8-€0
Trade debts44€4k€21k▲
Suppliers440/4-€21k
Taxes, remuneration and social security45-€17k
Taxes450/3-€6k
Remuneration and social security454/9-€11k
Other amounts payable47/48-€8k
Income statement
Code20202021
Remuneration, social security and pensions62-€150k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€695▼
Other operating charges640/8-€1k
Gross operating margin9900€139k€160k▲
Operating profit (loss)9901€12k€9k▼
Financial income75/76B-€1k
Recurring financial income75€18k€1k▼
Financial charges65/66B-€4k
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€26k€6k▼
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€24k€2k▼
Transfer from tax-exempt reserves789-€6k
Profit (loss) for the period to be appropriated9905€24k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€8k
Profit (loss) brought forward from the previous period14P-€0
Transfer to equity691/2-€8k
To other reserves6921-€8k
Profit to be distributed694/7-€0
Return on contributions (dividend)694€12k€0▼
Social balance
Average headcount (FTE)9087-4.0
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €2k ▼91.6%
Net result drops to €2k, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €24k ▲322%
Operating result €12k, net result €24k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
10-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 10 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
18-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Meulebeke · 1 establishment unit since 2005
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.
Tieltstraat 1618760 MeulebekeGround area
536 m²
Building footprint
92 m²
Volume, LiDAR
486 m³
Parcel 37322B0425/00F002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BELGASERRE
since 20052.145.653.856
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322B0425/00F002indicative | Flanders | 536 m² | 1 · 92 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DK&P
BE 0744.809.946
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PLUSTECH
BE 0782.785.248
Maasmechelen · Eq €48k
SN CREATION
BE 0768.795.076
Visé · Eq €48k
BELGIUM METAL
BE 0443.285.545
Thimister-Clermont · Eq €48k
TR Services
BE 0789.912.768
Schoten · Eq €48k
Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 1,419 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-02-2005
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
68121Development of residential building projects
68122Development of non-residential building projects
43320Joinery installation
43990Other specialised construction activities
43999Specialised construction activities
45250
45422
68110Buying and selling of own real estate
70111
70113
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.