BA-Bap
ActiveSummary
BA-Bap has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83k and a net result of €15k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 47% of 1906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81=
Solvency78▼-14
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 2.29 in 2024; short-term debt: 47.2% and cash: 61.9% of total assets), and 47.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.8%
Return on assets
9.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-03-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
30 d early
2023
7 d early
2022
2 d early
2021
1 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€83k▼ 38.2%
2024 · €135k
2018: €103k
2019: €146k▲ +42.5% vs 2018
2020: €151k▲ +3.3% vs 2019
2021: €188k▲ +24.4% vs 2020highest in 8 years
2022: €159k▼ -15.4% vs 2021
2023: €158k▼ -0.3% vs 2022
2024: €135k▼ -14.9% vs 2023
2025: €83k▼ -38.2% vs 2024lowest in 8 years
2018 → 2025
Total assets
€158k▼ 21.7%
2024 · €201k
2018: €134klowest in 8 years
2019: €196k▲ +45.9% vs 2018
2020: €181k▼ -7.5% vs 2019
2021: €202k▲ +11.2% vs 2020
2022: €182k▼ -9.8% vs 2021
2023: €226k▲ +24.3% vs 2022highest in 8 years
2024: €201k▼ -10.9% vs 2023
2025: €158k▼ -21.7% vs 2024
2018 → 2025
Net result
€15k▼ 22.3%
2024 · €19k
2018: €16k
2019: €44k▲ +175% vs 2018highest in 8 years
2020: €5k▼ -89.0% vs 2019lowest in 8 years
2021: €37k▲ +672% vs 2020
2022: €26k▼ -29.1% vs 2021
2023: €25k▼ -6.0% vs 2022
2024: €19k▼ -21.3% vs 2023
2025: €15k▼ -22.3% vs 2024
2018 → 2025
Working capital
€42k▼ 49.4%
2024 · €83k
2018: €86k
2019: €152k▲ +75.8% vs 2018
2020: €149k▼ -1.8% vs 2019
2021: €178k▲ +19.7% vs 2020highest in 8 years
2022: €166k▼ -6.7% vs 2021
2023: €138k▼ -17.2% vs 2022
2024: €83k▼ -39.3% vs 2023
2025: €42k▼ -49.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€188k-€159k▼ 15.4%€158k▼ 0.3%€135k▼ 14.9%€83k▼ 38.2%
2021: €188khighest in 5 years
2022: €159k▼ -15.4% vs 2021
2023: €158k▼ -0.3% vs 2022
2024: €135k▼ -14.9% vs 2023
2025: €83k▼ -38.2% vs 2024lowest in 5 years
Operating result€52k-€38k▼ 26.6%€38k▲ 0.6%€28k▼ 27.1%€23k▼ 16.6%
2021: €52khighest in 5 years
2022: €38k▼ -26.6% vs 2021
2023: €38k▲ +0.6% vs 2022
2024: €28k▼ -27.1% vs 2023
2025: €23k▼ -16.6% vs 2024lowest in 5 years
Net result€37k-€26k▼ 29.1%€25k▼ 6.0%€19k▼ 21.3%€15k▼ 22.3%
2021: €37khighest in 5 years
2022: €26k▼ -29.1% vs 2021
2023: €25k▼ -6.0% vs 2022
2024: €19k▼ -21.3% vs 2023
2025: €15k▼ -22.3% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 17% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158k
Fixed assets
€41k ▼ 23.0%
Current assets
€117k ▼ 21.3%
Equity and liabilities €158k
Equity
€83k ▼ 38.2%
Debt
€74k ▲ 11.6%
Debt's share of the balance-sheet total rises from 33.1% to 47.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37k▲
2024 · €36k
Cash flow
€29k▲
2024 · €27k
Current ratio
1.57▼
2024 · 2.29
Debt to equity
0.89▲
2024 · 0.49
ROE
18.0%▲
2024 · 14.3%
ROA
9.5%▼
2024 · 9.6%
Interest coverage
292.32▲
2024 · 59.05
Debt ≤ 1 year
€74k▲
2024 · €65k
Income taxes
€9k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€201k€158k▼
Fixed assets21/28€53k€41k▼
Tangible fixed assets22/27€53k€41k▼
Furniture and vehicles24€47k€37k▼
Leasing and similar rights25€0-
Other tangible fixed assets26€6k€4k▼
Current assets29/58€148k€117k▼
Amounts receivable within one year40/41€32k€17k▼
Trade receivables40€32k€17k▼
Other amounts receivable41€710€0▼
Cash at bank and in hand54/58€114k€98k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€201k€158k▼
Equity10/15€135k€83k▼
Contributions10/11€19k€19k=
Reserves13€112k€61k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€112k€61k▼
Profit (loss) carried forward14€4k€4k▲
Amounts payable17/49€67k€74k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€65k€74k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€17k€1k▼
Suppliers440/4€17k€1k▼
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€2k▼
Remuneration and social security454/9€0€2k▲
Other amounts payable47/48€43k€68k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€14k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€9k€0▼
Gross operating margin9900€46k€38k▼
Operating profit (loss)9901€28k€23k▼
Financial income75/76B€410€446▲
Recurring financial income75€410€446▲
Financial charges65/66B€610€127▼
Recurring financial charges65€610€127▼
Profit (loss) for the period before taxes9903€28k€24k▼
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€19k€15k▼
Profit (loss) for the period to be appropriated9905€19k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€19k▼
Profit (loss) brought forward from the previous period14P€4k€4k▲
Transfer from equity791/2€43k€67k▲
Transfer to equity691/2€19k€15k▼
To other reserves6921€19k€15k▼
Profit to be distributed694/7€43k€67k▲
Return on contributions (dividend)694€43k€67k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €10k | €8k | €14k | ▲ 69.6% |
| Other operating charges640/8 | €840 | €963 | €3k | €1k | €1k | ▲ 7.0% |
| Non-recurring operating charges66A | - | - | - | €9k | €0 | ▼ 100% |
| Gross operating margin9900 | €55k | €41k | €51k | €46k | €38k | ▼ 17.4% |
| Operating profit (loss)9901 | €52k | €38k | €38k | €28k | €23k | ▼ 16.6% |
| Financial income75/76B | €133 | - | €84 | €410 | €446 | ▲ 8.8% |
| Recurring financial income75 | €133 | - | €84 | €410 | €446 | ▲ 8.8% |
| Financial charges65/66B | €94 | €141 | €1k | €610 | €127 | ▼ 79.2% |
| Recurring financial charges65 | €94 | €141 | €1k | €610 | €127 | ▼ 79.2% |
| Profit (loss) for the period before taxes9903 | €52k | €38k | €37k | €28k | €24k | ▼ 14.8% |
| Income taxes67/77 | €15k | €12k | €13k | €8k | €9k | ▲ 2.3% |
| Profit (loss) for the period9904 | €37k | €26k | €25k | €19k | €15k | ▼ 22.3% |
| Profit (loss) for the period to be appropriated9905 | €37k | €26k | €25k | €19k | €15k | ▼ 22.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €202k | €182k | €226k | €201k | €158k | ▼ 21.7% |
| Fixed assets21/28 | €11k | €9k | €38k | €53k | €41k | ▼ 23.0% |
| Tangible fixed assets22/27 | €11k | €9k | €38k | €53k | €41k | ▼ 23.0% |
| Plant, machinery and equipment23 | €221 | - | - | - | - | - |
| Furniture and vehicles24 | €534 | €389 | €4k | €47k | €37k | ▼ 21.9% |
| Leasing and similar rights25 | - | - | €26k | €0 | - | - |
| Other tangible fixed assets26 | €10k | €8k | €8k | €6k | €4k | ▼ 31.3% |
| Current assets29/58 | €191k | €173k | €188k | €148k | €117k | ▼ 21.3% |
| Amounts receivable within one year40/41 | €21k | €25k | €25k | €32k | €17k | ▼ 48.6% |
| Trade receivables40 | €16k | €17k | €22k | €32k | €17k | ▼ 47.4% |
| Other amounts receivable41 | €5k | €8k | €4k | €710 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €168k | €147k | €163k | €114k | €98k | ▼ 14.2% |
| Deferred charges and accrued income490/1 | €2k | €983 | €138 | €2k | €2k | ▲ 13.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €202k | €182k | €226k | €201k | €158k | ▼ 21.7% |
| Equity10/15 | €188k | €159k | €158k | €135k | €83k | ▼ 38.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €19k | - | - | - | - | - |
| Other1109/19 | €19k | - | - | - | - | - |
| Reserves13 | €165k | €136k | €136k | €112k | €61k | ▼ 45.9% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €164k | €135k | €134k | €112k | €61k | ▼ 45.9% |
| Profit (loss) carried forward14 | €4k | €4k | €4k | €4k | €4k | ▲ 0.6% |
| Amounts payable17/49 | €14k | €23k | €68k | €67k | €74k | ▲ 11.6% |
| Amounts payable after more than one year17 | - | - | €14k | €0 | - | - |
| Financial debts170/4 | - | - | €14k | €0 | - | - |
| Amounts payable within one year42/48 | €13k | €7k | €51k | €65k | €74k | ▲ 15.1% |
| Current portion of amounts payable after more than one year42 | - | - | €6k | €0 | - | - |
| Trade debts44 | €964 | €615 | €6k | €17k | €1k | ▼ 91.4% |
| Suppliers440/4 | €964 | €615 | €6k | €17k | €1k | ▼ 91.4% |
| Taxes, remuneration and social security45 | €3k | €4k | €23k | €4k | €5k | ▲ 24.4% |
| Taxes450/3 | €1k | €2k | €20k | €4k | €2k | ▼ 39.8% |
| Remuneration and social security454/9 | €2k | €2k | €2k | €0 | €2k | - |
| Other amounts payable47/48 | €8k | €2k | €15k | €43k | €68k | ▲ 57.0% |
| Accrued charges and deferred income492/3 | €1k | €16k | €3k | €2k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €26k | €25k | €19k | €15k | ▼ 22.3% |
| + Depreciation and write-downs630 | €2k | €2k | €10k | €8k | €14k | ▲ 69.6% |
| Operating cash flow (approximation) | €39k | €28k | €35k | €27k | €29k | ▲ 4.8% |
| Investment in fixed assets (approximation) | - | €0 | €-39k | €-23k | €-1k | ▲ 93.8% |
| Change in cash | - | €-21k | €16k | €-49k | €-16k | ▲ 67.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €5k ▼89%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €150kEq €151k ▲3.3%
3 profitable years in a row build equity to €151k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €44k ▲175%
Operating result €66k, net result €44k, both a record.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Rixensart · 1 establishment unit since 2010
Ground area
1,214 m²
Building footprint
129 m²
Volume, LiDAR
825 m³
Parcel 25091C0792/00C000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BA-Bap
since 20102.192.506.638
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091C0792/00C000 | Wallonia | 1,213 m² | 1 · 129 m² | 8.6 m · 2 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.
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Of 2,723 companies in sector 63100 we hold annual accounts for 1,270. 981 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-09-2010
Fiscal year end30-09
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.