Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2023; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 50.2 to 43.6.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
BBK Expansion from Namur, company number BE0843925338, closed financial year 2023 with a result of € -3.3 million after tax. For that financial year BBK Expansion recorded revenue of € 9.5 million and equity of € -1.9 million. Compared with financial year 2022, the result moved from € -832,837 to € -3.3 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2024.
€ -1.9 million
▼ € 2.7 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.3 million
▼ 293 % more loss than in 2022
Profit after tax over the fiscal year.
€ 102,766
▼ 37% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.3 million.
People and assets in 2023
43.6
▼ 6.5 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▼ 7% vs 2022
€ 44,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 42,825
▼ 35% vs 2022
Of which on lease € 17,527.
Debts at end 2023
€ 1.8 million
▲ 12% vs 2022
€ 178,171 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 1.6 million
▲ 8% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 73 days on average.
€ 672,026
▲ 35% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 12,585,960 | € 11,946,850 | € 9,524,456 | ▼ 20% |
| Profit after taxes | € 156,784 | € -832,837 | € -3,271,922 | ▼ € 2.4 million |
| Equity | € 1,574,962 | € 742,125 | € -1,929,798 | ▼ € 2.7 million |
| Total debts | € 4,545,669 | € 4,293,735 | € 4,240,792 | ▼ 1% |
| Cash | € 172,722 | € 163,023 | € 102,766 | ▼ 37% |
| Retained profit | € 800,462 | € -32,375 | € -3,304,298 | ▼ € 3.3 million |
| Bank debt | € 1,885,770 | € 1,584,366 | € 1,775,119 | ▲ 12% |
| Balance sheet total | € 6,120,630 | € 5,085,860 | € 2,612,757 | ▼ 49% |
| Employees (FTE) | 50.2 | 50.1 | 43.6 | ▼ 6.5 |
Key figures of BBK Expansion, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to BBK Expansion?
What happened at BBK Expansion in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
BBK Expansion is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 3.3 million. filed late Source: NBB ↗
- Joachim RUBIN became a director. NBB
- WALLONIE ENTREPRENDE SA became a director. NBB
- NAMUR INVEST DEVELOPPEMENT SA became a director. NBB
- DELEGATION SRL became a director. NBB
- New establishment in Libramont-Chevigny. KBO
- New establishment in Marche-en-Famenne. KBO
- New establishment in Fernelmont. KBO
In short
From € 156,784 profit in 2021 to € 3.3 million loss in 2023.
Paid € 72,362 in corporate taxes since 2021.
Best year ever: 2021, with € 156,784 profit.
Pays suppliers within 73 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of DELEGATION, Wallonie Entreprendre, NAMUR INVEST CAPITAL RISQUE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BBK ExpansionBehind BBK Expansion are DELEGATION SRL, WALLONIE ENTREPRENDE SA, Joachim RUBIN and NAMUR INVEST DEVELOPPEMENT SA. The shares are held by DELEGATION (50%), Wallonie Entreprendre (30%) and NAMUR INVEST CAPITAL RISQUE (20%). It owns 100% of BASSANI and 100% of DISTRINAM itself.
Directors
According to the 2023 annual accounts
Director · represented by Joseph BODART
since 2019
Director
Also active at: Aciéries Somville, FRANKI, Fonderies J. Marichal Ketin et Cie, TUBES DE HAREN ET NIMY, SOGESTIMMO, T. PALM, NLMK LA LOUVIERE, PLASTURGIE LAZZERINI +46 more
since 2023
Joachim RUBIN
Director
since 2023
Director
Also active at: Wilmet, Etablissements Guilmin, COMET BELGIUM, MECASOFT, GLUTTON CLEANING MACHINES, IDTECH, DOMAINE VITICOLE DU CHENOY, BRASSERIE ARTISANALE DE NAMUR +3 more
since 2023
Shareholders
Establishments
Establishment units
Physical locations of this company
Rue du Fond du Maréchal(RH) 1
5020 Namur
Rue Tahon 33
6041 Charleroi
Active since 15 July 2013
Rue du Gazomètre 1 box B
4800 Verviers
Active since 1 March 2014
Rue Léopold Genicot, ZI, Nov. 19
5380 Fernelmont
Active since 15 October 2014
Rue de Bruxelles 10/9
4340 Awans
Active since 9 October 2014
Marche, Avenue de France 46-48
6900 Marche-en-Famenne
Active since 20 May 2016
Recogne,Rue du Flosse 4
6800 Libramont-Chevigny
Active since 12 April 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0843.925.338
- VAT number
- BE 0843.925.338
- Registered office
- Rue du Fond du Maréchal(RH) 1, 5020 Namur
- Names & denominations
- BBK Expansion
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 24 February 2012
- Peppol
- Not registered
- Activities · NACE
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