OPENING OF BANKRUPTCY

BALR BELGIUM

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Company — Opening of bankruptcy.

Financial year 2023 · Closed on 31/12/2023

Net result-259,7 k €-37,6 %over 1 year
Gross margin48,9 k €-29,5 %over 1 year
Equity-254,2 k €-4 699,8 %over 1 year
Workforce5,6 ETP+19,1 %over 1 year

Identity

Source · BCE/KBO

BALR BELGIUM is a Private limited company incorporated in 2019. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Maasmechelen. It employs on average 5,6 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0731.715.441
Incorporation
30/07/2019
Legal form
Private limited company
Registered office
Zetellaan(E) 100
3630 Maasmechelen · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2023
Average workforce
5,6 ETP
Signals
Healthy social debts

Financials

Source · NBB, 5 filings

Trend over 3 financial years

202320222021
Income statement
Gross margin48,9 k €69,3 k €287,2 k €
EBITDA-234,3 k €-162,5 k €126,7 k €
Operating result-255,6 k €-183,8 k €105,4 k €
Net result-259,7 k €-188,7 k €69,5 k €
Balance sheet
Equity-254,2 k €5,5 k €194,2 k €
Total assets723,3 k €853,4 k €946,1 k €
Cash8,5 k €99,9 k €182 k €
Debts977,5 k €847,9 k €751,8 k €
Other
Workforce5,6 ETP4,7 ETP4,5 ETP

Board of directors

Source · NBB, accounts to 31/12/2023

1 active

Active mandates

JACOBUS MANDERS

Director · since 30 juillet 2019

Active

Other companies at this address

Zetellaan(E) 100 3630 Maasmechelen
CompanyCBE no.
GIULIANO CUCINA TRADIZIONALE ITALIANA● Active
0544.616.693
KENT● Active
0429.308.340
MAASMECHELEN SERVICES● Active
0473.462.641
MD Belgium● Active
0809.126.983
NGM BELGIUM● Bankrupt
0696.980.731
Quality Brands Maasmechelen● Active
0713.881.594
Quality Brands Mons● Active
0803.950.153
Value Retail Management Belgium● Active
0471.536.202
VR MAASMECHELEN TOURIST OUTLETS● Active
0465.707.490

Full financial information

Source · NBB
20232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months
Filing date06/08/202431/08/202323/08/202231/08/202114/10/2020
General meeting30/06/202430/06/202317/06/202223/07/202111/09/2020
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202330/06/202406/08/2024DutchPDF
Abridged model31/12/202230/06/202331/08/2023DutchPDF
Abridged model31/12/202117/06/202223/08/2022DutchPDF
Abridged model31/12/202023/07/202131/08/2021DutchPDF
Abridged model31/12/201911/09/202014/10/2020DutchPDF

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2023

1 active

Active mandates

JACOBUS MANDERS

Director · since 30 juillet 2019

Active

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other01/08/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2023
    Annual accounts 2023-259,7 k €↓
  2. 2022
    Annual accounts 2022-188,7 k €↓
  3. 2021
    Annual accounts 202169,5 k €
  4. 30/07/2019
    IncorporationPrivate limited company