Hans Aar - Basic-Fit CFO, Member of the Management Board

BSFFF Stock  USD 23.59  2.47  9.48%   

CFO

Mr. Hans J. van der Aar serves as Chief Financial Officer and Member of the Management Board at BasicFit N.V. He was Member of the Management Team since November 20, 2013. He has over 30 years of experience in accounting. He started his career as an accountant in the audit practice of BDO Accountants Advisors, where he became audit partner in 2000, which position he held until 2011. From 2004 to 2011, Mr. Van der Aar also served as general manager for the BDO office in The Hague. Following this period, he was appointed CFO of Leisure Group Europe B.V., which position Mr. Van der Aar held until he was appointed CFO of BasicFit in 2012
Age 65
Phone31 23 890 1750
Webhttps://corporate.basic-fit.com
Van der Aar holds a bachelor’s degree in Slavic Languages and Literature from the University of Amsterdam and is a chartered accountant .

Basic-Fit Management Efficiency

The company has return on total asset (ROA) of (0.0112) % which means that it has lost $0.0112 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1287) %, meaning that it generated substantial loss on money invested by shareholders. Basic-Fit's management efficiency ratios could be used to measure how well Basic-Fit manages its routine affairs as well as how well it operates its assets and liabilities.
Basic Fit NV has accumulated 517.73 M in total debt with debt to equity ratio (D/E) of 5.42, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Basic Fit NV has a current ratio of 0.34, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Basic-Fit until it has trouble settling it off, either with new capital or with free cash flow. So, Basic-Fit's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Basic Fit NV sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Basic-Fit to invest in growth at high rates of return. When we think about Basic-Fit's use of debt, we should always consider it together with cash and equity.

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As of March 9, 2022, it operated 223 clubs in the Netherlands, 207 clubs in Belgium, 10 clubs in Luxembourg, 578 clubs in France, and 63 clubs in Spain. The company was founded in 1984 and is headquartered in Hoofddorp, the Netherlands. Basic-Fit is traded on OTC Exchange in the United States. Basic Fit NV [BSFFF] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Basic Fit NV Leadership Team

Elected by the shareholders, the Basic-Fit's board of directors comprises two types of representatives: Basic-Fit inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Basic-Fit. The board's role is to monitor Basic-Fit's management team and ensure that shareholders' interests are well served. Basic-Fit's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Basic-Fit's outside directors are responsible for providing unbiased perspectives on the board's policies.
Erica Hahn, Chief Board
Redouane Zekkri, COO Board
John Roeg, Investor Mang
Erica Vonderen, Chief Officer
Ren Moos, Chairman CEO
Hans Aar, CFO, Member of the Management Board
Richard Piekaar, Investor Relations Contact Officer

Basic-Fit Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Basic-Fit a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Basic-Fit Pink Sheet

Basic-Fit financial ratios help investors to determine whether Basic-Fit Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Basic-Fit with respect to the benefits of owning Basic-Fit security.