ADRIEN BAUDOIN
ActiveADRIEN BAUDOIN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190k and a net result of €-27k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 10% of 111 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+9
Solvency33▼-13
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.85 in 2024; short-term debt: 33.2% and cash: 0.4% of total assets), and 92.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 111 sector peers (2025).
NBB · sector comparisonPosition among 111 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 10 filingsDeviation from the deadline
2025
13 d late
2024
1 d early
2023
19 d late
2022
28 d late
2021
25 d late
2020
26 d early
2019
19 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€3.15M▲ 23.3%
2023 · €2.56M
2018: €914k
2019: €1.29M
2020: €1.23M
2021: €1.90M
2022: €2.23M
2023: €2.56M
2018 → 2024
EBIT margin
4.0%▲ 2.9pp
2023 · 1.1%
2018: 2.6%
2019: 2.8%
2020: 6.2%
2021: 3.2%
2022: 7.3%
2023: 1.1%
2018 → 2024
Net result
€-27k
2024 · €20k
2018: €12k
2019: €10k
2020: €46k
2021: €38k
2022: €126k
2023: €-6k
2024: €20k
2018 → 2025
Working capital
€-251k▼ 178%
2024 · €-90k
2018: €-103k
2019: €-110k
2020: €-104k
2021: €-158k
2022: €-39k
2023: €-55k
2024: €-90k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.90M-€2.23M▲ 17.3%€2.56M▲ 14.4%€3.15M▲ 23.3%
Equity€236k-€362k▲ 53.5%€356k▼ 1.7%€375k▲ 5.5%€190k▼ 49.3%
Operating result€61k-€163k▲ 167%€29k▼ 82.3%€126k▲ 336%€39k▼ 69.1%
Net result€38k-€126k▲ 230%€-6k€20k€-27k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.43M
Fixed assets
€1.88M▲ 41.8%
Current assets
€556k▲ 11.2%
Equity and liabilities €2.43M
Equity
€190k▼ 49.3%
Debt
€2.24M▲ 54.8%
The debt ratio rises from 79.4% to 92.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€472k▲
2024 · €396k
Cash flow
€406k▲
2024 · €290k
Solvency
7.8%▼
2024 · 20.6%
Current ratio
0.69▼
2024 · 0.85
Quick ratio
0.66▼
2024 · 0.77
Debt / equity
11.78▲
2024 · 3.86
ROE
-14.2%▼
2024 · 5.2%
ROA
-1.1%▼
2024 · 1.1%
Interest coverage
9.17▲
2024 · 3.81
Debt
€2.24M▲
2024 · €1.45M
Debt ≤ 1 year
€807k▲
2024 · €590k
Debt > 1 year
€1.44M▲
2024 · €859k
Income taxes
€14k▲
2024 · €5k
Staff costs
€1.03M▼
2024 · €1.09M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.82M€2.43M▲
Fixed assets21/28€1.32M€1.88M▲
Intangible fixed assets21€0€9k▲
Tangible fixed assets22/27€1.32M€1.87M▲
Land and buildings22€311k€899k▲
Plant, machinery and equipment23€147k€147k▼
Furniture and vehicles24€28k€191k▲
Leasing and similar rights25€835k€629k▼
Financial fixed assets28€3k€2k▼
Current assets29/58€500k€556k▲
Stocks and contracts in progress3€45k€24k▼
Stocks30/36€45k€24k▼
Amounts receivable within one year40/41€298k€502k▲
Trade receivables40€281k€480k▲
Other amounts receivable41€16k€22k▲
Cash at bank and in hand54/58€127k€9k▼
Deferred charges and accrued income490/1€31k€22k▼
Equity and liabilities
Total equity and liabilities10/49€1.82M€2.43M▲
Equity10/15€375k€190k▼
Contributions10/11€19k€19k=
Reserves13€344k€186k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€158k€0▼
Distributable reserves133€184k€184k=
Profit (loss) carried forward14€13k€-14k▼
Amounts payable17/49€1.45M€2.24M▲
Amounts payable after more than one year17€859k€1.44M▲
Financial debts170/4€859k€1.44M▲
Amounts payable within one year42/48€590k€807k▲
Current portion of amounts payable after more than one year42€242k€305k▲
Trade debts44€186k€329k▲
Suppliers440/4€186k€329k▲
Taxes, remuneration and social security45€116k€107k▼
Taxes450/3€23k€22k▼
Remuneration and social security454/9€93k€84k▼
Other amounts payable47/48€46k€66k▲
Income statement
Code20242025
Turnover70€3.15M-
Goods, raw materials, services and sundry goods60/61€1.84M€1.65M▼
Remuneration, social security and pensions62€1.09M€1.03M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€270k€433k▲
Other operating charges640/8€22k€49k▲
Non-recurring operating charges66A-€196k
Gross operating margin9900€1.51M€1.75M▲
Operating profit (loss)9901€126k€39k▼
Financial income75/76B€3k€9▼
Recurring financial income75€3k€9▼
Financial charges65/66B€104k€52k▼
Recurring financial charges65€104k€52k▼
Profit (loss) for the period before taxes9903€25k€-13k▼
Income taxes67/77€5k€14k▲
Profit (loss) for the period9904€20k€-27k▼
Profit (loss) for the period to be appropriated9905€20k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€-14k▼
Profit (loss) brought forward from the previous period14P€13k€13k=
Transfer to equity691/2€20k-
To other reserves6921€20k-
Social balance
Average headcount (FTE)908721.519.8▼
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
31-12
Financial
Weakest financial yearnet €-27k ▼237%
Net result drops to €-27k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
31-12
Financial
Highest result since 2018net €126k ▲230%
Operating result €163k, net result €126k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
31-12
Financial
Equity above €200kEq €236k ▲19.4%
4 profitable years in a row build equity to €236k.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Equity above €150kEq €152k ▲7.3%
2 profitable years in a row build equity to €152k.
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Gesves · 1 establishment unit since 2011
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.
Sur la Forêt(Sorée) 55340 GesvesGround area
919 m²
Building footprint
133 m²
Parcel 92115A0087/00Z000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Adrien BAUDOIN
since 20112.195.385.954
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92115A0087/00Z000 | Wallonia | 919 m² | 1 · 133 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900NO3WW5KYR4J355
Similar companies · same sector, comparable size
RIVES BOIS
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SOCOBERT
BE 0429.547.375
Vielsalm · Eq €193k
DVS Broyage et Terrassement
BE 0837.852.049
Mont-Saint-Guibert · Eq €194k
BRAIBANT BOIS
BE 0818.406.519
Chaumont-Gistoux · Eq €187k
Lernut
BE 0423.299.882
Braine-l'Alleud · Eq €184k
Of 1,556 companies in sector 02200 we hold annual accounts for 449. 334 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2011
Fiscal year end31-12
Activities, NACEBEL
02200Logging
81300Landscape service activities
01110Growing of cereals (except rice), leguminous crops and oil seeds
01290Crop and animal production, hunting and related service activities
43120Site preparation
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.