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BILLI

Active
Private limited company (pre-2019)·Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet· 16 yrs active
Donderslagweg 25 ·3530 Houthalen-Helchteren, Belgium
Open bankruptcy
KBO/BCE: BE 0820.716.307
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Age16 yrs
Staff (FTE)1.4
Real estate1 parcel · 6,029 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for BILLI according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2018 annual accounts show equity of €34k and a net result of €-2.17M.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

3 events
29-01-2020
Bankruptcy Opening
Date: 23-01-2020 · Ondernemingsrechtbank Antwerpen, afdeling Hasselt · BILLI BVBA DONDER- SLAGWEG 25/6, 3530 HOUTHALEN-HELCHTEREN · Publications in State Gazette ↗
12-09-2019
Judicial reorganisation Plan homologation
Date: 09-09-2019 · Ondernemingsrechtbank Antwerpen · 20190009 · Publications in State Gazette ↗
23-04-2019
Judicial reorganisation Opening
Date: 16-04-2019 · Ondernemingsrechtbank Antwerpen · collectif · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2018) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 03-10-2019, 64 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.
How we compute the deadline
The year end is derived from 9 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2018, that is 31-07-2019.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 nothing on record not filed -
31-12-2020 31-07-2021 nothing on record not filed -
31-12-2019 31-07-2020 nothing on record not filed -
31-12-2018 31-07-2019 03-10-2019 64 d late 2019-68400465
31-12-2017 31-07-2018 02-01-2019 155 d late 2019-00300166
31-12-2016 31-07-2017 02-03-2018 214 d late 2018-06200338
31-12-2015 31-07-2016 12-07-2016 19 d early 2016-29800531
31-12-2014 31-07-2015 20-07-2015 11 d early 2015-31700439

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

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

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€1.61M
EBIT margin-84.2%
Net result€-2.17M
Working capital€-2.89M
Directors1

Annual accounts & ratios

Source: NBB · 2018
Annual accounts filed on 03-10-2019 with the NBB · fiscal year 2018 · verkort
Fiscal year2018
Depositverkort
Revenue€1.61M
EBITDA€-931k
Net profit€-2.17M
Cash flow€-1.74M
Staff costs-
Income taxes-
Dividends-
Total assets€6.13M
Equity€34k
Debt€6.10M
of which ≤ 1y€4.41M
of which > 1y€1.67M
Working capital€-2.89M
Employees (FTE)1.4
Ratios (computed)
2018
Current ratio0.34
Quick ratio0.34
Working capital ratio-47.1%
Solvency0.6%
Debt / equity49.01
Long-term debt ratio49.01
Interest coverage-
Gross margin-
Net margin-134.6%
ROA-35.4%
ROE-6371.7%
EBITDA margin-57.7%
Days sales outstanding334d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2018
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2018
Balance sheet, Assets
TOTAL ASSETS 20/58€6.13M
Fixed assets 21/28€4.61M
Intangible fixed assets 21€3.30M
Tangible fixed assets 22/27€1.29M
Financial fixed assets 28€20k
Current assets 29/58€1.52M
Amounts receivable within one year 40/41€1.48M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€6.13M
Equity 10/15€34k
Contributions / capital 10/11€2.21M
Accumulated profits (losses) 14€-2.17M
Amounts payable 17/49€6.10M
Amounts payable after one year 17€1.67M
Amounts payable within one year 42/48€4.41M
Trade debts payable within one year 44€1.46M
Income statement
Turnover 70€1.61M
Gross operating margin 9900€-566k
Operating result 9901€-1.36M
Financial income 75€34k
Financial charges 65€146k
Result before taxes 9903€-1.47M
Net result for the period 9904€-1.47M
Result to be appropriated 9905€-1.47M
Ratios computed by Checked.

Health barometer

FY 2018 · computed
0 / 100 Critical
050100
Computed from 4 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 2018 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

11 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator PATRICK BUSSERS
VISSERIJSTRAAT, 4, 3590 DIEPEN- BEEK
 23-01-2020 → present Belgian State Gazette

Legal Structure

NACE primary Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet(61100)
Legal form Private limited company (pre-2019)(015)
Incorporation13-11-2009
StatusActive
Postal code3530
First BS signal 23-04-2019
Latest BS signal 29-01-2020

Structure & network

Company structure: linked entities

1 linked entity
BILLIBE 0820.716.307PATRICK BUSSERSReceiver
Mandates

Locations & real estate

Establishment units

1 location
BILLI
Donderslagweg 25, 3530 Houthalen-HelchterenBemiddelingsactiviteiten in verband met de niet-gespecialiseerde detailhandel
since 20092.183.097.242
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area6,029 m²
Buildings1
Building footprint825 m²
Volume (LiDAR)5,839 m³
Tallest building9.6 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.
72452E1161/00S008 Flanders 6,029 m² 1 · 825 m² 9.6 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.

Publications

Lifecycle & Insolvency Signals

3 events from the State Gazette
29-01-2020
Bankruptcy Opening
Date: 23-01-2020 · Ondernemingsrechtbank Antwerpen, afdeling Hasselt · BILLI BVBA DONDER- SLAGWEG 25/6, 3530 HOUTHALEN-HELCHTEREN · Publications in State Gazette ↗
12-09-2019
Judicial reorganisation Plan homologation
Date: 09-09-2019 · Ondernemingsrechtbank Antwerpen · 20190009 · Publications in State Gazette ↗
23-04-2019
Judicial reorganisation Opening
Date: 16-04-2019 · Ondernemingsrechtbank Antwerpen · collectif · Publications in State Gazette ↗

Time machine: BS events + macro context

2019-2026
COVID lockdownEnergiecrisisECB hikes201920202021202220232024202520262019-04-23 · Judicial reorganisation · Opening2019-09-12 · Judicial reorganisation · Plan homologation2020-01-29 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency0Growth-Stability0
0 / 100

Fragile profile, watch health in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 0
Profitability 0
Solvency 0
Growth -
Stability 0

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet61100Draadloze telecommunicatie61200Overige niet-gespecialiseerde detailhandel47120Detailhandel via postorderbedrijven of via internet47910
Primary activity highlighted.
Names & trade names
Legal nameFR BILLI
Registered office
Donderslagweg 25 bus 6
3530 Houthalen-Helchteren, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.