BA3RD
ActiveSummary
BA3RD has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €372,618 and a net result of €144,877. Equity has been growing by about 82% per year since 2023. Its solvency ranks better than 54% of 39,275 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-05-2023 Normal situation
- Activity
- Activities of head offices NACE 70100and 3 others
- Establishment unit
- 2.345.008.553 8670 Koksijde, since 11-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €223,639
- ▼ 34.3%
- Turnover
- ≈ €370,000
- estimated
- Profit
- €144,877
- ▼ 36.4%
- Equity
- €372,618
- ▲ 63.6%
- Total assets
- €621,324
- ▲ 23.7%
- 2025 accounts filed 42 days after the deadline
Score breakdownraises riskLast filed accounts filed 42 days late; 2 of the last 3 accounts latelowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 4.69, cash €254,602Size: total assets €621,324Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 55% of them on solvency, 97% on liquidity, 67% on profitability and 84% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 25 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 42 days after the deadline Filed on 11 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00510697.
Annual accounts 2025 filed on 11-09-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 36% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Mortgages, amount registered | - | €27,000 | €27,000 |
| Mortgage mandates | - | €192,000 | €192,000 |
| Carrying value of the mortgaged assets | - | €314,158 | €308,141 |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1,376 | €399,546 | - |
| Financial fixed assets | - | €400 | €0 |
| Depreciation and write-downs of the year | - | €32,385 | €25,909 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €32,385 | €25,909 | ▼ 20.0% |
| Other operating charges640/8 | - | €2,188 | €1,785 | ▼ 18.4% |
| Gross operating margin9900 | -€1,406 | €340,326 | €223,639 | ▼ 34.3% |
| Operating profit (loss)9901 | -€1,406 | €305,752 | €195,945 | ▼ 35.9% |
| Financial income75/76B | €8 | €1,436 | €182 | ▼ 87.3% |
| Recurring financial income75 | €8 | €1,436 | €182 | ▼ 87.3% |
| Financial charges65/66B | €209 | €9,360 | €8,026 | ▼ 14.3% |
| Recurring financial charges65 | €209 | €9,360 | €8,026 | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | -€1,608 | €297,829 | €188,101 | ▼ 36.8% |
| Income taxes67/77 | - | €69,979 | €43,224 | ▼ 38.2% |
| Profit (loss) for the period9904 | -€1,608 | €227,849 | €144,877 | ▼ 36.4% |
| Profit (loss) for the period to be appropriated9905 | -€1,608 | €227,849 | €144,877 | ▼ 36.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5,997 | €502,112 | €621,324 | ▲ 23.7% |
| Fixed assets21/28 | €1,376 | €368,937 | €343,028 | ▼ 7.0% |
| Tangible fixed assets22/27 | €1,376 | €368,537 | €342,628 | ▼ 7.0% |
| Land and buildings22 | - | €314,158 | €301,633 | ▼ 4.0% |
| Furniture and vehicles24 | €1,376 | €54,379 | €40,995 | ▼ 24.6% |
| Financial fixed assets28 | - | €400 | €400 | = |
| Current assets29/58 | €4,621 | €133,175 | €278,296 | ▲ 109% |
| Amounts receivable within one year40/41 | €3,294 | €5,804 | €19,429 | ▲ 235% |
| Trade receivables40 | €3,020 | €36 | €2,328 | ▲ 64× |
| Other amounts receivable41 | €274 | €5,767 | €17,101 | ▲ 197% |
| Cash at bank and in hand54/58 | €222 | €124,271 | €254,602 | ▲ 105% |
| Deferred charges and accrued income490/1 | €1,106 | €3,100 | €4,265 | ▲ 37.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5,997 | €502,112 | €621,324 | ▲ 23.7% |
| Equity10/15 | -€108 | €227,741 | €372,618 | ▲ 63.6% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | - | €226,241 | €371,118 | ▲ 64.0% |
| Distributable reserves133 | - | €226,241 | €371,118 | ▲ 64.0% |
| Profit (loss) carried forward14 | -€1,608 | - | - | - |
| Amounts payable17/49 | €6,106 | €274,371 | €248,706 | ▼ 9.4% |
| Amounts payable after more than one year17 | - | €211,999 | €188,714 | ▼ 11.0% |
| Financial debts170/4 | - | €211,999 | €188,714 | ▼ 11.0% |
| Amounts payable within one year42/48 | €6,106 | €62,372 | €59,306 | ▼ 4.9% |
| Current portion of amounts payable after more than one year42 | - | €22,897 | €23,285 | ▲ 1.7% |
| Trade debts44 | €1,106 | €3,575 | €1,042 | ▼ 70.9% |
| Suppliers440/4 | €1,106 | €3,575 | €1,042 | ▼ 70.9% |
| Taxes, remuneration and social security45 | - | €35,900 | €34,979 | ▼ 2.6% |
| Taxes450/3 | - | €35,900 | €34,979 | ▼ 2.6% |
| Other amounts payable47/48 | €5,000 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €686 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,608 | €227,849 | €144,877 | ▼ 36.4% |
| + Depreciation and write-downs630 | - | €32,385 | €25,909 | ▼ 20.0% |
| Operating cash flow (approximation) | -€1,608 | €260,234 | €170,786 | ▼ 34.4% |
| Investment in fixed assets (approximation) | - | -€399,946 | €0 | - |
| Change in cash | - | €124,050 | €130,331 | ▲ 5.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,127 companies had the same profile as BA3RD has now. Two years later, 97.2% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of BA3RD itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,127 companies, not a prediction for BA3RD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- DE BAERDEMAEKER Jori Cyriel Ann 100 shares (100%) · €1,500
Capital transactions
- 15-05-2023 Incorporation · €1,500 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Toestemming medeaandeelhouders volgens zelfde formaliteiten indien niet van rechtswege aandeelhouder, weigering”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Custody of recordsThe books and records are kept for at least five years after liquidation. The articles set where.
- “Minuuthoudende notaris, 50”
Articles of association, deed of 15-05-2023 (in Dutch)
Network & group
BA3RD shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of BA3RD. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
15-05
Gazette deed
IncorporationStarting capital €1,500 · Appointment: DE BAERDEMAEKER Jori Cyriel Ann (director) · Founder22 points ▸
- Incorporation, “BA3RD” (deed in Dutch)
- Founder, DE BAERDEMAEKER Jori Cyriel Ann
- Other provision, “bekwaamheid en bevoegdheid comparant, bevoegd en bekwaam tot rechtshandelingen” (deed in Dutch)
- Other provision, “identiteitscontrole comparant, opzoekingen in het rijksregister” (deed in Dutch)
- Other provision, “toelichting en voorlezing akte” (deed in Dutch)
- Other provision, “ontwerp en integrale voorlezing” (deed in Dutch)
- Founding capital, €1,500
- Bank account, 1500, “vennootschap in oprichting” (deed in Dutch)
- DE BAERDEMAEKER Jori Cyriel Ann holds 100 shares
- Other provision, 08-05-2023
- Other provision, “deponering stortingen”, 1500 (deed in Dutch)
- Registered office clause, “8670 Koksijde (Oostduinkerke),Voetbalpleinstraat 8” (deed in Dutch)
- The act holds 10 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 38018A0198/00L000 | Flanders | 1,045 m² | 1 · 161 m² | 8.0 m · 2 |