Equity
BAA SOLUTION paid out €35,294 in dividends. That is 53% of the 2025 profit.
BAA SOLUTION paid out €35,294 in dividends. That is 53% of the 2025 profit.
The result rose in 2025 from €6,013 to €66,758.
The micro format states no turnover.
Green is investment, beige is depreciation.
The 2020 accounts came 30 days late. The other six were filed on time.
Higher net result than 81% of companies in computer programming and consultancy. Sector median €28,568 · 21,211 companies.
The dashed line is the sector median: 0.1% across 25,930 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro). It does better than 85% of them on solvency, 50% on liquidity, 82% on profitability and 79% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 26,972 companies had the same profile as BAA SOLUTION has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BAA SOLUTION itself is lower: < 0.1% within 12 months. It rests on far more data about BAA SOLUTION than the profile alone.
The method was tested on the 497,447 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 26,972 companies, not a prediction for BAA SOLUTION. 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.
Liquidity is ample, with a current ratio of 4.16 (3.28 in 2024), above the usual 1.5. Short-term debt is 22.6% and cash 19.8% of total assets. 22.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BAA SOLUTION Berchem-Sainte-Agathe | €123,200 | €124,341 | 77.4% | - |
| APACH Woluwe-Saint-Pierre | €121,556 | €128,386 | 15.4% | - |
| Kuiloa Consulting Watermael-Boitsfort | €115,536 | €114,494 | 34.1% | - |
| TANIT Consulting Etterbeek | €129,039 | €118,373 | 16.4% | - |
| JINBEI Uccle | €105,494 | €122,800 | 0.9% | - |
| KAIGO SOFTWARE Watermael-Boitsfort | €123,349 | €140,760 | 32.4% | - |
| BLANRY Uccle | €131,116 | €112,385 | 19.1% | - |
These companies have the same main activity as BAA SOLUTION: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €105,000 and €131,000, founded between 2017 and 2019.
BAA SOLUTION files the micro format. That format states no turnover. The gross margin rose from €27,870 in 2019 to €124,341 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €170,000 and €240,000.
Higher than 71% of 21,205 companies in 2025.
Higher than 69% of 20,568 companies in 2025.
Higher than 88% of 20,743 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
123,200 | 93,098 | 89,008 | 82,251 | 67,500 | 49,047 | 49,728 | |
21/28 |
7,462 | 5,615 | 8,749 | 3,100 | 4,714 | 887 | 1,732 | |
22/27 |
7,257 | 5,410 | 8,544 | 3,057 | 4,671 | 844 | 1,689 | |
24 |
7,257 | 5,410 | 8,544 | 3,057 | 4,671 | 844 | 1,689 | |
28 |
205 | 205 | 205 | 43 | 43 | 43 | 43 | |
29/58 |
115,738 | 87,483 | 80,259 | 79,151 | 62,786 | 48,160 | 47,996 | |
40/41 |
29,625 | 25,952 | 26,661 | 32,539 | 3,499 | 13,527 | 19,495 | |
40 |
29,625 | 23,543 | 26,020 | 26,473 | 3,499 | 13,310 | 19,495 | |
41 |
- | 2,409 | 641 | 6,066 | - | 217 | - | |
50/53 |
58,312 | 38,059 | 27,787 | 27,787 | 20,187 | 12,000 | - | |
54/58 |
24,427 | 20,553 | 22,695 | 16,168 | 36,390 | 18,458 | 26,416 | |
490/1 |
3,374 | 2,919 | 3,116 | 2,657 | 2,710 | 4,175 | 2,085 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
123,200 | 93,098 | 89,008 | 82,251 | 67,500 | 49,047 | 49,728 | |
10/15 |
95,386 | 63,922 | 57,909 | 43,440 | 31,393 | 15,408 | 200 | |
10/11 |
200 | 200 | 200 | 200 | 200 | 200 | 200 | |
10 |
- | - | - | - | 200 | - | - | |
100 |
- | - | - | - | 200 | 200 | 200 | |
14 |
95,186 | 63,722 | 57,709 | 43,240 | 31,193 | 15,208 | - | |
17/49 |
27,814 | 29,176 | 31,099 | 38,811 | 36,107 | 33,639 | 49,528 | |
42/48 |
27,814 | 26,684 | 31,099 | 38,811 | 36,107 | 33,639 | 49,400 | |
42 |
4,105 | 2,705 | 3,823 | - | - | - | - | |
43 |
- | - | 677 | 625 | - | 1,404 | - | |
430/8 |
- | - | 677 | 625 | - | 1,404 | - | |
44 |
8,147 | 13,565 | 21,163 | 23,490 | 21,511 | 2,331 | 21,369 | |
440/4 |
8,147 | 13,565 | 21,163 | 23,490 | 21,511 | 2,331 | 21,369 | |
45 |
14,239 | 9,297 | 5,322 | 9,028 | 13,336 | 14,664 | 15,064 | |
450/3 |
11,768 | 6,825 | 5,322 | 6,558 | 13,336 | 14,664 | 15,064 | |
454/9 |
2,471 | 2,472 | - | 2,470 | - | - | - | |
47/48 |
1,323 | 1,117 | 114 | 5,668 | 1,260 | 15,240 | 12,967 | |
492/3 |
- | 2,492 | - | - | - | - | 128 | |
| Income statement | ||||||||
9900 |
124,341 | 50,621 | 35,295 | 21,467 | 24,806 | 24,435 | 27,870 | |
62 |
29,333 | 26,368 | 6,781 | - | - | - | - | |
630 |
2,296 | 3,134 | 2,967 | 1,614 | 1,064 | 845 | 844 | |
640/8 |
1,587 | 5,346 | 685 | 853 | 440 | 422 | 1,741 | |
9901 |
91,125 | 15,773 | 24,862 | 19,000 | 23,302 | 23,168 | 25,285 | |
75/76B |
1 | 40 | - | - | - | - | - | |
75 |
1 | 40 | - | - | - | - | - | |
65/66B |
6,159 | 4,789 | 3,893 | 590 | 717 | 797 | 757 | |
65 |
6,159 | 4,789 | 2,875 | 590 | 717 | 797 | 757 | |
66B |
- | - | 1,018 | - | - | - | - | |
9903 |
84,967 | 11,024 | 20,969 | 18,410 | 22,585 | 22,371 | 24,528 | |
67/77 |
18,209 | 5,011 | 6,500 | 6,363 | 6,600 | 7,163 | 6,000 | |
9904 |
66,758 | 6,013 | 14,469 | 12,047 | 15,985 | 15,208 | 18,528 | |
9905 |
66,758 | 6,013 | 14,469 | 12,047 | 15,985 | 15,208 | 18,528 | |
| Appropriation of the result | ||||||||
9906 |
130,480 | 63,722 | 57,709 | 43,240 | 31,193 | 15,208 | 18,528 | |
14P |
63,722 | 57,709 | 43,240 | 31,193 | 15,208 | - | - | |
694/7 |
35,294 | - | - | - | - | - | 18,528 | |
694 |
35,294 | - | - | - | - | - | 18,528 | |
| Document | ||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-02-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-02-2026 | 2026-00048045 | |
| 31-12-2024 | micro format | 10-06-2025 | 2025-00132662 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00204593 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00191409 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20213589 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59900338 | |
| 31-12-2019 | micro format | 28-07-2020 | 2020-35400485 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 93,421 | 18,907 | 27,829 | 20,614 | 24,366 | 24,013 | 26,129 | ||
| 69,054 | 9,147 | 17,436 | 13,661 | 17,049 | 16,053 | 19,372 | ||
| 4,143 | 0 | 8,616 | 0 | 4,891 | 0 | 2,576 | ||
| 3,874 | -2,142 | 6,527 | -20,222 | 17,932 | -7,958 | - | ||
| 87,924 | 60,799 | 49,160 | 40,340 | 26,679 | 14,521 | -1,404 | ||
| 77.4% | 68.7% | 65.1% | 52.8% | 46.5% | 31.4% | 0.4% | ||
| 4.16 | 3.28 | 2.58 | 2.04 | 1.74 | 1.43 | 0.97 | ||
| 0.29 | 0.46 | 0.54 | 0.89 | 1.15 | 2.18 | - | ||
| 70.0% | 9.4% | 25.0% | 27.7% | 50.9% | 98.7% | - | ||
| 54.2% | 6.5% | 16.3% | 14.6% | 23.7% | 31.0% | 37.3% | ||
| 15.17 | 3.95 | 9.68 | 34.94 | 33.98 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,143 | - | €8,454 | - | €4,891 |
| Financial fixed assets | - | - | €162 | - | - |
| €2,296 | €3,134 | €2,967 | €1,614 | €1,064 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 5.8 times that of 2024 and the highest since 2019. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 31.3% to 22.6%. Equity is higher and debt is lower.
BAA SOLUTION has no parent and no holdings in its annual accounts. NASCIMENTO FILHO Joao Ricardo is the only director. BAA SOLUTION shares no director with another company.
| Dée, Cindy (sole trader)
establishment since 01-07-2021 |
founded in 2021 0597.613.139 |
| STUDIO - TEXTES
registered office since 30-10-1991 |
founded in 1991 0445.495.363 |
| Merveille, Alain (sole trader)
establishment since 04-01-1989 |
founded in 1989 0568.324.483 |
| Association des copropriétaires de la Résidence BIARRITZ, située à l'avenue Josse Goffin 81, 1082 Berchem-Sainte-Agathe
registered office since 08-05-1963 |
founded in 1963 0682.702.133 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Josse Goffinlaan 81 registered office 1082 Berchem-Sainte-Agathe | 15-01-2019 | 2.284.594.676 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21342B0095/00N005 | 468 m² | 1 · 1,104 m² | 19.4 m · 5 |
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