BAAK
ActiveSummary
BAAK is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €22,865 and a net result of -€11,083. Equity is shrinking by ~14.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 71% of 8094 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
29 d late
2023
57 d late
2022
56 d late
2021
29 d late
2020
12 d late
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed 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 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€22,865▼ 32.6%
2024 · €33,948
Net result
-€11,083▲ 24.4%
2024 · -€14,665
Total assets
€30,728▼ 32.4%
2024 · €45,488
Solvency
74.4%▼ 0.2pp
2024 · 74.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€8,929▼ 0.7%-€9,127▼ 2.2%-€17,651▼ 93.4%-€15,340▲ 13.1%-€10,636▲ 30.7%
Net result-€7,927below the sector's middle half▼ 18.6%-€7,937below the sector's middle half▼ 0.1%-€16,860below the sector's middle half▼ 112%-€14,665below the sector's middle half▲ 13.0%-€11,083below the sector's middle half▲ 24.4%
Equity€73,410within the sector's middle half▼ 9.7%€65,473within the sector's middle half▼ 10.8%€48,613within the sector's middle half▼ 25.8%€33,948below the sector's middle half▼ 30.2%€22,865below the sector's middle half▼ 32.6%
Total assets€73,597below the sector's middle half▼ 16.1%€67,606below the sector's middle half▼ 8.1%€49,123below the sector's middle half▼ 27.3%€45,488below the sector's middle half▼ 7.4%€30,728below the sector's middle half▼ 32.4%
Debt€187▼ 97.1%€2,133▲ 1,043%€509▼ 76.1%€11,540▲ 2,165%€7,862▼ 31.9%
Working capital€28,865within the sector's middle half▼ 8.4%€26,168within the sector's middle half▼ 9.3%€14,548within the sector's middle half▼ 44.4%€5,073within the sector's middle half▼ 65.1%-€1,313within the sector's middle half
Solvency99.7%above the sector's middle half▲ 7.0pp96.8%above the sector's middle half▼ 2.9pp99.0%above the sector's middle half▲ 2.1pp74.6%within the sector's middle half▼ 24.3pp74.4%within the sector's middle half▼ 0.2pp
Current ratio13.27above the sector's middle half29.56above the sector's middle half▲ 16.291.44within the sector's middle half▼ 28.120.83within the sector's middle half▼ 0.61
Return on assets (ROA)-10.8%below the sector's middle half▼ 3.2pp-11.7%below the sector's middle half▼ 1.0pp-34.3%below the sector's middle half▼ 22.6pp-32.2%below the sector's middle half▲ 2.1pp-36.1%below the sector's middle half▼ 3.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,636 in 2025 against €15,340 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30,728
Fixed assets
€24,179 ▼ 16.3%
Current assets
€6,549 ▼ 60.6%
Equity and liabilities €30,728
Equity
€22,865 ▼ 32.6%
Debt
€7,862 ▼ 31.9%
Debt's share of the balance-sheet total rises from 25.4% to 25.6%. Equity and debt are lower.
Key figures and ratios
ROE
-48.5%▼
2024 · -43.2%
Debt ≤ 1 year
€7,862▼
2024 · €11,540
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,296 | €5,240 | €5,240 | €5,190 | €4,697 | ▼ 9.5% |
| Other operating charges640/8 | €524 | €997 | €687 | €1,170 | €1,421 | ▲ 21.5% |
| Gross operating margin9900 | -€3,108 | -€2,890 | -€11,725 | -€8,981 | -€4,518 | ▲ 49.7% |
| Operating profit (loss)9901 | -€8,929 | -€9,127 | -€17,651 | -€15,340 | -€10,636 | ▲ 30.7% |
| Financial income75/76B | €1,328 | €1,478 | €869 | €738 | - | - |
| Recurring financial income75 | €1,328 | €1,478 | €869 | €738 | - | - |
| Financial charges65/66B | €326 | €288 | €78 | €63 | €447 | ▲ 610% |
| Recurring financial charges65 | €326 | €288 | €78 | €63 | €447 | ▲ 610% |
| Profit (loss) for the period before taxes9903 | -€7,927 | -€7,937 | -€16,860 | -€14,665 | -€11,083 | ▲ 24.4% |
| Profit (loss) for the period9904 | -€7,927 | -€7,937 | -€16,860 | -€14,665 | -€11,083 | ▲ 24.4% |
| Profit (loss) for the period to be appropriated9905 | -€7,927 | -€7,937 | -€16,860 | -€14,665 | -€11,083 | ▲ 24.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,597 | €67,606 | €49,123 | €45,488 | €30,728 | ▼ 32.4% |
| Fixed assets21/28 | €44,545 | €39,305 | €34,065 | €28,875 | €24,179 | ▼ 16.3% |
| Tangible fixed assets22/27 | €44,545 | €39,305 | €34,065 | €28,875 | €24,179 | ▼ 16.3% |
| Land and buildings22 | €44,545 | €39,305 | €34,065 | €28,875 | €24,179 | ▼ 16.3% |
| Current assets29/58 | €29,052 | €28,301 | €15,057 | €16,612 | €6,549 | ▼ 60.6% |
| Amounts receivable within one year40/41 | €28,504 | €24,474 | €14,760 | €15,636 | €3,544 | ▼ 77.3% |
| Trade receivables40 | €6,600 | €2,425 | €1,350 | €106 | - | - |
| Other amounts receivable41 | €21,904 | €22,049 | €13,410 | €15,531 | €3,544 | ▼ 77.2% |
| Cash at bank and in hand54/58 | €548 | €3,696 | €297 | €976 | €3,005 | ▲ 208% |
| Deferred charges and accrued income490/1 | - | €131 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,597 | €67,606 | €49,123 | €45,488 | €30,728 | ▼ 32.4% |
| Equity10/15 | €73,410 | €65,473 | €48,613 | €33,948 | €22,865 | ▼ 32.6% |
| Contributions10/11 | €24,958 | €24,958 | €24,958 | €24,958 | €24,958 | = |
| Reserves13 | €63,061 | €63,061 | €63,061 | €63,061 | €63,061 | = |
| Non-distributable reserves130/1 | €3,200 | €3,200 | €3,200 | €3,200 | €3,200 | = |
| Reserves not available under the articles1311 | €3,200 | €3,200 | €3,200 | €3,200 | €3,200 | = |
| Distributable reserves133 | €59,861 | €59,861 | €59,861 | €59,861 | €59,861 | = |
| Profit (loss) carried forward14 | -€14,608 | -€22,545 | -€39,405 | -€54,070 | -€65,153 | ▼ 20.5% |
| Amounts payable17/49 | €187 | €2,133 | €509 | €11,540 | €7,862 | ▼ 31.9% |
| Amounts payable within one year42/48 | €187 | €2,133 | €509 | €11,540 | €7,862 | ▼ 31.9% |
| Trade debts44 | €187 | €2,133 | €509 | - | €1,962 | - |
| Suppliers440/4 | €187 | €2,133 | €509 | - | €1,962 | - |
| Other amounts payable47/48 | - | - | - | €11,540 | €5,900 | ▼ 48.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,927 | -€7,937 | -€16,860 | -€14,665 | -€11,083 | ▲ 24.4% |
| + Depreciation and write-downs630 | €5,296 | €5,240 | €5,240 | €5,190 | €4,697 | ▼ 9.5% |
| Operating cash flow (approximation) | -€2,630 | -€2,697 | -€11,620 | -€9,475 | -€6,386 | ▲ 32.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €3,148 | -€3,399 | €679 | €2,029 | ▲ 199% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Weakest financial yearnet -€16,860
Net result drops to -€16,860, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 29.56
Current ratio from 13.27 to 29.56; short-term debt falls from €2,133 to €509.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Liquidity times 26current ratio 155.65
Current ratio from 5.95 to 155.65; short-term debt falls from €6,358 to €187.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €8,337 ▲30.8%
Operating result €11,663, net result €8,337, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.67
Current ratio from 1.72 to 3.67; short-term debt falls from €23,600 to €12,242.
Show earlier events
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Plombières · 1 establishment unit since 1999
Ground area
9,654 m²
Building footprint
521 m²
2 parcels, Flanders, Wallonia. Linked by address, not a title deed.
1 establishment unit
Siemkensheuvel 16, 3680 Maaseik
since 19992.091.773.722
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63070A0308/00C000 | Wallonia | 7,236 m² | - | - |
| 72021D0324/00M000 | Flanders | 2,418 m² | 1 · 521 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 7,882 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
Founded15-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465646025
Also
9925:BE0465646025
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.