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B.A.E.

Active
Public limited companyfounded 198838 yrs activeMortselsesteenweg 91, 2540 Hove, BelgiumKBO/BCE: BE 0434.297.902
Summary

B.A.E. has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166,891 and a net result of -€17,104. Equity is shrinking by ~12.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability6=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 77.43 against 47.07 in 2024; short-term debt: 0.8% and cash: 7.4% of total assets), and 0.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 38 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€17,104
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 d early
2024
21 d late
2023
6 d early
2022
30 d late
2021
30 d late
2020
31 d late
2019
7 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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. Usually files around 21 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 18 May 1988, B.A.E. was incorporated.1 Total assets went from EUR 577,841 in 2018 to EUR 168,159 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€166,891▼ 9.3%
2024 · €183,995
Total assets
€168,159▼ 9.8%
2024 · €186,422
Net result
-€17,104▲ 10.0%
2024 · -€18,998
Working capital
€96,948▼ 13.3%
2024 · €111,830
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€23,113▲ 53.2%-€35,244▼ 52.5%-€24,307▲ 31.0%-€18,974▲ 21.9%-€17,080▲ 10.0%
Net result-€23,151▲ 62.7%-€79,719▼ 244%€4,002-€18,998-€17,104▲ 10.0%
Equity€278,711▼ 7.7%€198,991▼ 28.6%€202,993▲ 2.0%€183,995▼ 9.4%€166,891▼ 9.3%
Total assets€556,420▼ 18.0%€417,947▼ 24.9%€258,853▼ 38.1%€186,422▼ 28.0%€168,159▼ 9.8%
Debt€277,709▼ 26.2%€218,956▼ 21.2%€55,860▼ 74.5%€2,427▼ 95.7%€1,268▼ 47.7%
Working capital€223,871▼ 12.7%€126,501▼ 43.5%€128,606▲ 1.7%€111,830▼ 13.0%€96,948▼ 13.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€75,000-€50,000-€25,000€0Operating result 2021: -€23,113-€23,113Net result 2021: -€23,151-€23,151Operating result 2022: -€35,244-€35,244Net result 2022: -€79,719-€79,719Operating result 2023: -€24,307-€24,307Net result 2023: €4,002€4,002Operating result 2024: -€18,974-€18,974Net result 2024: -€18,998-€18,998Operating result 2025: -€17,080-€17,080Net result 2025: -€17,104-€17,10420212022202320242025-€30,000-€20,000-€10,000€0Operating result 2023: -€24,307-€24,300Net result 2023: €4,002€4,000Operating result 2024: -€18,974-€19,000Net result 2024: -€18,998-€19,000Operating result 2025: -€17,080-€17,100Net result 2025: -€17,104-€17,100202320242025
The operating result stays negative: a loss of €17,080 in 2025 against €18,974 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €168,159
Fixed assets €69,943 ▼ 3.1%
Current assets €98,217 ▼ 14.0%
Equity and liabilities €168,159
Equity €166,891 ▼ 9.3%
Debt €1,268 ▼ 47.7%
Debt's share of the balance-sheet total falls from 1.3% to 0.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€14,858▲
2024 · -€16,752
Cash flow
-€14,882▲
2024 · -€16,776
Current ratio
77.43▲
2024 · 47.07
Debt to equity
0.01▼
2024 · 0.01
ROE
-10.2%▲
2024 · -10.3%
ROA
-10.2%▲
2024 · -10.2%
Interest coverage
-618.82▲
2024 · -697.70
Debt ≤ 1 year
€1,268▼
2024 · €2,427
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.7% went bankrupt
13% stopped otherwise
84% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€186,422€168,159▼
Fixed assets21/28€72,165€69,943▼
Tangible fixed assets22/27€72,165€69,943▼
Land and buildings22€72,165€69,943▼
Current assets29/58€114,257€98,217▼
Amounts receivable within one year40/41€6,257€29,852▲
Other amounts receivable41€6,257€29,852▲
Current investments50/53€88,882€53,882▼
Cash at bank and in hand54/58€17,112€12,394▼
Deferred charges and accrued income490/1€2,006€2,089▲
Equity and liabilities
Total equity and liabilities10/49€186,422€168,159▼
Equity10/15€183,995€166,891▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€301,907€301,907=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€295,707€295,707=
Profit (loss) carried forward14-€179,912-€197,016▼
Amounts payable17/49€2,427€1,268▼
Amounts payable within one year42/48€2,427€1,268▼
Trade debts44€2,427€1,130▼
Suppliers440/4€2,427€1,130▼
Taxes, remuneration and social security45-€139
Taxes450/3-€139
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,222€2,222=
Other operating charges640/8€3,618€3,730▲
Gross operating margin9900-€13,134-€11,128▲
Operating profit (loss)9901-€18,974-€17,080▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€24€24=
Recurring financial charges65€24€24=
Profit (loss) for the period before taxes9903-€18,998-€17,104▲
Profit (loss) for the period9904-€18,998-€17,104▲
Profit (loss) for the period to be appropriated9905-€18,998-€17,104▲
Appropriation of the result
Profit (loss) to be appropriated9906-€179,912-€197,016▼
Profit (loss) brought forward from the previous period14P-€160,914-€179,912▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,231€453€2,222€2,222€2,222=
Other operating charges640/8€3,674€3,221€3,484€3,618€3,730▲ 3.1%
Gross operating margin9900-€16,208-€31,571-€18,601-€13,134-€11,128▲ 15.3%
Operating profit (loss)9901-€23,113-€35,244-€24,307-€18,974-€17,080▲ 10.0%
Financial income75/76B€0-€28,333€0--
Recurring financial income75€0-€28,333€0--
Financial charges65/66B€39€44,475€24€24€24=
Recurring financial charges65€39€44,475€24€24€24=
Profit (loss) for the period before taxes9903-€23,151-€79,719€4,002-€18,998-€17,104▲ 10.0%
Profit (loss) for the period9904-€23,151-€79,719€4,002-€18,998-€17,104▲ 10.0%
Profit (loss) for the period to be appropriated9905-€23,151-€79,719€4,002-€18,998-€17,104▲ 10.0%
Line20212022202320242025Change
Assets
Total assets20/58€556,420€417,947€258,853€186,422€168,159▼ 9.8%
Fixed assets21/28€54,840€76,610€74,387€72,165€69,943▼ 3.1%
Tangible fixed assets22/27€54,840€76,610€74,387€72,165€69,943▼ 3.1%
Land and buildings22€54,600€76,610€74,387€72,165€69,943▼ 3.1%
Furniture and vehicles24€240-----
Current assets29/58€501,580€341,338€184,466€114,257€98,217▼ 14.0%
Amounts receivable within one year40/41€30--€6,257€29,852▲ 377%
Other amounts receivable41€30--€6,257€29,852▲ 377%
Current investments50/53€400,000€275,549€128,882€88,882€53,882▼ 39.4%
Cash at bank and in hand54/58€100,024€64,196€53,809€17,112€12,394▼ 27.6%
Deferred charges and accrued income490/1€1,527€1,593€1,775€2,006€2,089▲ 4.1%
Equity and liabilities
Total equity and liabilities10/49€556,420€417,947€258,853€186,422€168,159▼ 9.8%
Equity10/15€278,711€198,991€202,993€183,995€166,891▼ 9.3%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€301,907€301,907€301,907€301,907€301,907=
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Distributable reserves133€295,707€295,707€295,707€295,707€295,707=
Profit (loss) carried forward14-€85,196-€164,916-€160,914-€179,912-€197,016▼ 9.5%
Amounts payable17/49€277,709€218,956€55,860€2,427€1,268▼ 47.7%
Amounts payable within one year42/48€277,709€214,837€55,860€2,427€1,268▼ 47.7%
Trade debts44€2,032€119€3,872€2,427€1,130▼ 53.5%
Suppliers440/4€2,032€119€3,872€2,427€1,130▼ 53.5%
Taxes, remuneration and social security45-€1,526€60-€139-
Taxes450/3-€1,526€60-€139-
Other amounts payable47/48€275,677€213,192€51,928---
Accrued charges and deferred income492/3-€4,119----
Line20212022202320242025Change
Profit (loss) for the period9904-€23,151-€79,719€4,002-€18,998-€17,104▲ 10.0%
+ Depreciation and write-downs630€3,231€453€2,222€2,222€2,222=
Operating cash flow (approximation)-€19,920-€79,266€6,224-€16,776-€14,882▲ 11.3%
Investment in fixed assets (approximation)--€22,223€0€0€0-
Change in cash--€35,827-€10,387-€36,697-€4,718▲ 87.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial Liquidity times 14current ratio 47.07
Current ratio from 3.30 to 47.07; short-term debt falls from €55,860 to €2,427.
25-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €4,002
Net result €4,002 after 3 loss-making years.
31-12
Financial Liquidity doublescurrent ratio 3.30
Current ratio from 1.59 to 3.30; short-term debt falls from €214,837 to €55,860.
31-12
Financial Equity above €200,000Eq €202,993 ▲2%
Equity rises from €198,991 to €202,993.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial Weakest financial yearnet -€79,719
Net result drops to -€79,719, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
24-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial Back to profitnet €172,838
Net result €172,838 after one loss-making year.
31-12
Financial Liquidity times 60current ratio 1.72
Current ratio from 0.03 to 1.72.
31-12
Financial Equity above €200,000Eq €363,907 ▲90.5%
Equity rises from €191,069 to €363,907.
23-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hove · 1 establishment unit since 1988
seat establishment The establishment unit on the map
Ground area
645 m²
Building footprint
293 m²
Volume, LiDAR
2,600 m³
Parcel 11021A0083/00_000, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
B.A.E.
Mortselsesteenweg 91, 2540 HoveNACE 70201
since 19882.038.846.661
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11021A0083/00_000
ProtectedMonument · Townscape or village viewKasteel RattennestSource ↗
Flanders 645 m² 1 · 293 m² 14.6 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Company details

Identification
Legal formPublic limited company
Founded18-05-1988
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

General meetings

1 convocation
Extraordinary general meeting
on 01-07-2009 at 14u · at the registered office · published 16-06-2009
Agenda
1. Goedkeuring van de jaarrekening per 31/12/2008. 2. Bestemming van het resultaat. 3. Kwijting aan de bestuurders. 4. Diversen. Om toegelaten te worden tot de vergadering, zich schikken naar artikel 20 der statuten. (AOPC1905778/16.06) (26314) CHRIM, naamloze vennootschap, Veldstraat 9, 2491 OLMEN Ondernemingsnummer 0460.046.452 Algemene vergadering ter zetel op 29/06/2009, om 19 uur. Agenda : Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-9-05776/16.06) (26315) COFEDIMMO, société anonyme, rue Defacqz 63, 1060 BRUXELLES Numéro d’entreprise 0439.504.723 Assemblée générale ordinaire au siège social, le 1 juillet 2009, à 14 heures. Ordre du j ...

Scores and ratios are computed by Checked and are not a credit decision.