Baai Concept
ActiveSummary
Baai Concept has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190k and a net result of €95k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+5
Solvency73▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.93 against 2.06 in 2024; short-term debt: 19.1% and cash: 33.4% of total assets), but 51.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
48.4%
Return on assets
24.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
4 d early
2021
18 d late
2020
24 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€190k▲ 66.4%
2024 · €114k
2019: €93klowest in 7 years
2020: €116k▲ +24.5% vs 2019
2021: €94k▼ -19.0% vs 2020
2022: €105k▲ +11.6% vs 2021
2023: €130k▲ +23.5% vs 2022
2024: €114k▼ -12.0% vs 2023
2025: €190k▲ +66.4% vs 2024highest in 7 years
2019 → 2025
Total assets
€391k▲ 70.3%
2024 · €230k
2019: €136k
2020: €145k▲ +6.8% vs 2019
2021: €100k▼ -30.8% vs 2020lowest in 7 years
2022: €133k▲ +32.8% vs 2021
2023: €192k▲ +44.5% vs 2022
2024: €230k▲ +19.4% vs 2023
2025: €391k▲ +70.3% vs 2024highest in 7 years
2019 → 2025
Net result
€95k▲ 106%
2024 · €46k
2019: €45k
2020: €33k▼ -27.2% vs 2019
2021: €-22k▼ -167% vs 2020lowest in 7 years
2022: €20k▲ +190% vs 2021
2023: €25k▲ +24.1% vs 2022
2024: €46k▲ +88.4% vs 2023
2025: €95k▲ +106% vs 2024highest in 7 years
2019 → 2025
Working capital
€144k▲ 53.2%
2024 · €94k
2019: €91klowest in 7 years
2020: €114k▲ +24.7% vs 2019
2021: €93k▼ -18.4% vs 2020
2022: €101k▲ +8.7% vs 2021
2023: €110k▲ +8.9% vs 2022
2024: €94k▼ -14.3% vs 2023
2025: €144k▲ +53.2% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€94k-€105k▲ 11.6%€130k▲ 23.5%€114k▼ 12.0%€190k▲ 66.4%
2021: €94klowest in 5 years
2022: €105k▲ +11.6% vs 2021
2023: €130k▲ +23.5% vs 2022
2024: €114k▼ -12.0% vs 2023
2025: €190k▲ +66.4% vs 2024highest in 5 years
Operating result€-22k-€17k€38k▲ 121%€67k▲ 73.6%€139k▲ 109%
2021: €-22klowest in 5 years
2022: €17k▲ +180% vs 2021
2023: €38k▲ +121% vs 2022
2024: €67k▲ +73.6% vs 2023
2025: €139k▲ +109% vs 2024highest in 5 years
Net result€-22k-€20k€25k▲ 24.1%€46k▲ 88.4%€95k▲ 106%
2021: €-22klowest in 5 years
2022: €20k▲ +190% vs 2021
2023: €25k▲ +24.1% vs 2022
2024: €46k▲ +88.4% vs 2023
2025: €95k▲ +106% vs 2024highest 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 risen four years in a row; 2025 is 109% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €391k
Fixed assets
€173k ▲ 268%
Current assets
€219k ▲ 19.6%
Equity and liabilities €391k
Equity
€190k ▲ 66.4%
Debt
€202k ▲ 74.2%
Debt's share of the balance-sheet total rises from 50.4% to 51.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€154k▲
2024 · €80k
Cash flow
€110k▲
2024 · €60k
Current ratio
2.93▲
2024 · 2.06
Debt to equity
1.06▲
2024 · 1.02
ROE
50.3%▲
2024 · 40.8%
ROA
24.4%▲
2024 · 20.2%
Interest coverage
41.28▲
2024 · 33.01
Debt ≤ 1 year
€75k▼
2024 · €89k
Debt > 1 year
€127k▲
2024 · €26k
Income taxes
€41k▲
2024 · €19k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€230k€391k▲
Fixed assets21/28€47k€173k▲
Tangible fixed assets22/27€47k€173k▲
Land and buildings22-€120k
Plant, machinery and equipment23€4k€7k▲
Furniture and vehicles24€40k€35k▼
Other tangible fixed assets26€3k€10k▲
Current assets29/58€183k€219k▲
Amounts receivable after more than one year29€55k€55k=
Other amounts receivable291€55k€55k=
Amounts receivable within one year40/41€42k€31k▼
Trade receivables40€2k€1k▼
Other amounts receivable41€40k€30k▼
Current investments50/53€30k-
Cash at bank and in hand54/58€54k€131k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€230k€391k▲
Equity10/15€114k€190k▲
Contributions10/11€12k€12k=
Reserves13€93k€168k▲
Distributable reserves133€93k€168k▲
Profit (loss) carried forward14€9k€9k=
Amounts payable17/49€116k€202k▲
Amounts payable after more than one year17€26k€127k▲
Financial debts170/4€26k€127k▲
Amounts payable within one year42/48€89k€75k▼
Current portion of amounts payable after more than one year42€18k€15k▼
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€8k€15k▲
Taxes450/3€8k€12k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€62k€38k▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€15k▲
Other operating charges640/8€508€738▲
Gross operating margin9900€80k€155k▲
Operating profit (loss)9901€67k€139k▲
Financial income75/76B€1k€516▼
Recurring financial income75€1k€516▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€65k€136k▲
Income taxes67/77€19k€41k▲
Profit (loss) for the period9904€46k€95k▲
Profit (loss) for the period to be appropriated9905€46k€95k▲
Appropriation of the result
Profit (loss) to be appropriated9906€55k€104k▲
Profit (loss) brought forward from the previous period14P€9k€9k=
Transfer from equity791/2€62k€20k▼
Transfer to equity691/2€46k€95k▲
To other reserves6921€46k€95k▲
Profit to be distributed694/7€62k€20k▼
Return on contributions (dividend)694€62k€20k▼
The notes to these accounts (6 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 | €6k | €881 | €7k | €13k | €15k | ▲ 11.0% |
| Other operating charges640/8 | - | €411 | €317 | €508 | €738 | ▲ 45.3% |
| Non-recurring operating charges66A | - | €237 | - | - | - | - |
| Gross operating margin9900 | €-15k | €19k | €46k | €80k | €155k | ▲ 92.6% |
| Operating profit (loss)9901 | €-22k | €17k | €38k | €67k | €139k | ▲ 109% |
| Financial income75/76B | - | €17 | €32 | €1k | €516 | ▼ 51.3% |
| Recurring financial income75 | - | €17 | €32 | €1k | €516 | ▼ 51.3% |
| Financial charges65/66B | - | €208 | €1k | €2k | €4k | ▲ 54.2% |
| Recurring financial charges65 | €261 | €208 | €1k | €2k | €4k | ▲ 54.2% |
| Profit (loss) for the period before taxes9903 | €-22k | €17k | €37k | €65k | €136k | ▲ 109% |
| Income taxes67/77 | - | €-3k | €12k | €19k | €41k | ▲ 116% |
| Profit (loss) for the period9904 | €-22k | €20k | €25k | €46k | €95k | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €20k | €25k | €46k | €95k | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100k | €133k | €192k | €230k | €391k | ▲ 70.3% |
| Fixed assets21/28 | €2k | €5k | €55k | €47k | €173k | ▲ 268% |
| Tangible fixed assets22/27 | €2k | €5k | €55k | €47k | €173k | ▲ 268% |
| Land and buildings22 | - | - | - | - | €120k | - |
| Plant, machinery and equipment23 | - | €606 | €303 | €4k | €7k | ▲ 112% |
| Furniture and vehicles24 | - | €2k | €51k | €40k | €35k | ▼ 12.3% |
| Other tangible fixed assets26 | - | €2k | €4k | €3k | €10k | ▲ 214% |
| Financial fixed assets28 | €88 | €105 | €163 | - | - | - |
| Current assets29/58 | €98k | €128k | €137k | €183k | €219k | ▲ 19.6% |
| Amounts receivable after more than one year29 | - | €55k | €55k | €55k | €55k | = |
| Other amounts receivable291 | - | €55k | €55k | €55k | €55k | = |
| Amounts receivable within one year40/41 | €10k | €10k | €24k | €42k | €31k | ▼ 25.4% |
| Trade receivables40 | - | €544 | €8k | €2k | €1k | ▼ 32.2% |
| Other amounts receivable41 | - | €9k | €16k | €40k | €30k | ▼ 25.1% |
| Current investments50/53 | - | - | - | €30k | - | - |
| Cash at bank and in hand54/58 | €87k | €55k | €57k | €54k | €131k | ▲ 144% |
| Deferred charges and accrued income490/1 | - | €9k | €1k | €2k | €2k | ▼ 27.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100k | €133k | €192k | €230k | €391k | ▲ 70.3% |
| Equity10/15 | €94k | €105k | €130k | €114k | €190k | ▲ 66.4% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €73k | €84k | €108k | €93k | €168k | ▲ 81.6% |
| Distributable reserves133 | - | €84k | €108k | €93k | €168k | ▲ 81.6% |
| Profit (loss) carried forward14 | €9k | €9k | €9k | €9k | €9k | = |
| Amounts payable17/49 | €6k | €28k | €63k | €116k | €202k | ▲ 74.2% |
| Amounts payable after more than one year17 | - | - | €35k | €26k | €127k | ▲ 396% |
| Financial debts170/4 | - | - | €35k | €26k | €127k | ▲ 396% |
| Amounts payable within one year42/48 | €5k | €27k | €27k | €89k | €75k | ▼ 15.9% |
| Current portion of amounts payable after more than one year42 | - | - | €15k | €18k | €15k | ▼ 12.0% |
| Trade debts44 | €2k | €2k | €8k | €2k | €6k | ▲ 287% |
| Suppliers440/4 | - | €2k | €8k | €2k | €6k | ▲ 287% |
| Advances received on contracts in progress46 | - | €9k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €8k | €4k | €8k | €15k | ▲ 92.6% |
| Taxes450/3 | - | €6k | €3k | €8k | €12k | ▲ 53.8% |
| Remuneration and social security454/9 | - | €2k | €1k | - | €3k | - |
| Other amounts payable47/48 | - | €9k | - | €62k | €38k | ▼ 38.1% |
| Accrued charges and deferred income492/3 | - | €850 | €850 | €1k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €20k | €25k | €46k | €95k | ▲ 106% |
| + Depreciation and write-downs630 | €6k | €881 | €7k | €13k | €15k | ▲ 11.0% |
| Operating cash flow (approximation) | €-16k | €21k | €32k | €60k | €110k | ▲ 84.5% |
| Investment in fixed assets (approximation) | - | €-4k | €-57k | €-5k | €-141k | ▼ 2,785% |
| Change in cash | - | €-32k | €2k | €-3k | €77k | ▲ 2,513% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €95k ▲106%
Operating result €139k, net result €95k, both a record.
30-06
Financial
Equity above €150kEq €190k ▲66.4%
4 profitable years in a row build equity to €190k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-06
Financial
Equity above €100kEq €105k ▲11.6%
Equity rises from €94k to €105k.
2021
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
31-03
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity triplescurrent ratio 18.01
Current ratio from 5.71 to 18.01; short-term debt falls from €24k to €5k.
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
Show earlier events
31-03
Financial
Equity above €100kEq €116k ▲24.5%
2 profitable years in a row build equity to €116k.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 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, Asse · 1 establishment unit since 2015
Ground area
2,454 m²
Building footprint
201 m²
Volume, LiDAR
783 m³
Parcel 23002I0357/00C000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Baai Concept
since 20152.247.196.129
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002I0357/00C000 | Flanders | 2,454 m² | 1 · 201 m² | 6.2 m · 1 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.
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Of 4,571 companies in sector 82300 we hold annual accounts for 1,672. 1,241 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
Founded05-08-2015
Fiscal year end30-06
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
18130Pre-press and pre-media services
73110Advertising agencies
74202Other professional, scientific and technical activities
90399Other support activities for arts and performing arts
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.