HOLDING BULAZAR
ActiveSummary
The computed 12-month bankruptcy probability of HOLDING BULAZAR is 5.9% (elevated). The 2024 annual accounts show negative equity (€-32k) and a net result of €-42k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
12
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-70
Solvency0▼-38
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
5.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Age of the figures
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-32k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
41 d late
2023
100 d late
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-42k
2023 · €516
2021: €3k
2022: €524
2023: €516
2021 → 2024
Working capital
€-32k
2023 · €27k
2021: €21k
2022: €24k
2023: €27k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€8k-€9k▲ 6.2%€10k▲ 5.7%€-32k
Operating result€4k-€3k▼ 21.5%€1k▼ 59.0%€-40k
Net result€3k-€524▼ 84.9%€516▼ 1.4%€-42k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €40k after €1k in 2023, the lowest result in the available series.
Key figures and ratios
Debt
€33k▼
2023 · €61k
Debt ≤ 1 year
€33k▲
2023 · €18k
Ratios withheld: a balance sheet total of €276 is too small for a meaningful ratio.
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 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€71k€276▼
Fixed assets21/28€26k-
Intangible fixed assets21€1k-
Tangible fixed assets22/27€25k-
Other tangible fixed assets26€25k-
Current assets29/58€45k€276▼
Stocks and contracts in progress3€10k-
Stocks30/36€10k-
Amounts receivable within one year40/41€1k€276▼
Trade receivables40€1k€276▼
Other amounts receivable41€80-
Cash at bank and in hand54/58€32k-
Deferred charges and accrued income490/1€538-
Equity and liabilities
Total equity and liabilities10/49€71k€276▼
Equity10/15€10k€-32k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€5k€-37k▼
Amounts payable17/49€61k€33k▼
Amounts payable after more than one year17€44k-
Other amounts payable178/9€44k-
Amounts payable within one year42/48€18k€33k▲
Trade debts44€3k€276▼
Suppliers440/4€3k€276▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€13k€31k▲
Accrued charges and deferred income492/3€28€12▼
Income statement
Code20232024
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k-
Other operating charges640/8€820-
Non-recurring operating charges66A-€29k
Gross operating margin9900€5k€-11k▼
Operating profit (loss)9901€1k€-40k▼
Financial charges65/66B€629€2k▲
Recurring financial charges65€629€2k▲
Profit (loss) for the period before taxes9903€646€-42k▼
Income taxes67/77€129-
Profit (loss) for the period9904€516€-42k▼
Profit (loss) for the period to be appropriated9905€516€-42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-37k▼
Profit (loss) brought forward from the previous period14P€4k€5k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-12
Financial
Weakest financial yearnet €-42k ▼8224%
Net result drops to €-42k, the lowest in the series.
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 100 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Quaregnon · 1 establishment unit 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.
Rue du Plat Rie 1627390 QuaregnonGround area
1,908 m²
Building footprint
157 m²
Volume, LiDAR
742 m³
2 parcels, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PERLIPOPETTE
since 20202.306.107.494
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56012A0252/00L000 | Wallonia | 961 m² | 1 · 54 m² | 7.5 m · 2 fl. |
| 53065B0323/00D004 | Wallonia | 948 m² | 1 · 103 m² | 5.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
BIMBO
BE 0428.309.141
Sint-Gillis (bij-Brussel) · Eq €9,526
R & S ENTREPRISE
BE 0864.045.415
Verviers · Eq €9,548
Cloud 9 Kulture
BE 0801.495.459
Oostende · Eq €9,381
LES MUZES
BE 1006.371.040
Bierbeek · Eq €9,369
Alyzée Fashion
BE 0834.110.423
Sint-Lambrechts-Woluwe · Eq €9,340
Of 6,503 companies in sector 47716 we hold annual accounts for 2,441. 1,204 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
Founded21-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47551Retail sale of household furniture
47640Retail sale of games and toys
47792Retail sale of second-hand clothing
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.