BAAM+
ActiveSummary
BAAM+ has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233k and a net result of €-29k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 44% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-7
Solvency74=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.89 in 2024; short-term debt: 11.5% and cash: 4.9% of total assets), and 51.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-29k
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 23-04-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
26 d early
2023
26 d early
2022
34 d early
2021
31 d early
2020
32 d early
2019
30 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 30-09-2026 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
€233k▼ 11.0%
2024 · €262k
2018: €119klowest in 8 years
2019: €146k▲ +22.6% vs 2018
2020: €179k▲ +22.7% vs 2019
2021: €216k▲ +20.3% vs 2020
2022: €254k▲ +18.0% vs 2021
2023: €263k▲ +3.5% vs 2022highest in 8 years
2024: €262k▼ -0.6% vs 2023
2025: €233k▼ -11.0% vs 2024
2018 → 2025
Total assets
€479k▼ 10.8%
2024 · €537k
2018: €662k
2019: €665k▲ +0.4% vs 2018highest in 8 years
2020: €654k▼ -1.6% vs 2019
2021: €604k▼ -7.6% vs 2020
2022: €617k▲ +2.2% vs 2021
2023: €577k▼ -6.5% vs 2022
2024: €537k▼ -7.0% vs 2023
2025: €479k▼ -10.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€-29k▼ 1,620%
2024 · €-2k
2018: €30k
2019: €27k▼ -8.9% vs 2018
2020: €43k▲ +60.2% vs 2019
2021: €44k▲ +1.9% vs 2020highest in 8 years
2022: €39k▼ -11.6% vs 2021
2023: €-4k▼ -109% vs 2022
2024: €-2k▲ +52.6% vs 2023
2025: €-29k▼ -1620% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-23k▼ 348%
2024 · €-5k
2018: €6k
2019: €19k▲ +231% vs 2018
2020: €6k▼ -66.5% vs 2019
2021: €30k▲ +362% vs 2020highest in 8 years
2022: €-57k▼ -292% vs 2021lowest in 8 years
2023: €-17k▲ +69.5% vs 2022
2024: €-5k▲ +70.2% vs 2023
2025: €-23k▼ -348% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€216k-€254k▲ 18.0%€263k▲ 3.5%€262k▼ 0.6%€233k▼ 11.0%
2021: €216klowest in 5 years
2022: €254k▲ +18.0% vs 2021
2023: €263k▲ +3.5% vs 2022highest in 5 years
2024: €262k▼ -0.6% vs 2023
2025: €233k▼ -11.0% vs 2024
Operating result€62k-€60k▼ 3.1%€3k▼ 95.4%€6k▲ 121%€-20k
2021: €62khighest in 5 years
2022: €60k▼ -3.1% vs 2021
2023: €3k▼ -95.4% vs 2022
2024: €6k▲ +121% vs 2023
2025: €-20k▼ -427% vs 2024lowest in 5 years
Net result€44k-€39k▼ 11.6%€-4k€-2k▲ 52.6%€-29k▼ 1,620%
2021: €44khighest in 5 years
2022: €39k▼ -11.6% vs 2021
2023: €-4k▼ -109% vs 2022
2024: €-2k▲ +52.6% vs 2023
2025: €-29k▼ -1620% 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 turns negative in 2025: a loss of €20k after €6k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €479k
Fixed assets
€447k ▼ 9.4%
Current assets
€32k ▼ 26.9%
Equity and liabilities €479k
Equity
€233k ▼ 11.0%
Debt
€246k ▼ 10.5%
Debt's share of the balance-sheet total rises from 51.2% to 51.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€37k▼
2024 · €60k
Cash flow
€28k▼
2024 · €52k
Current ratio
0.58▼
2024 · 0.89
Debt to equity
1.06▲
2024 · 1.05
ROE
-12.4%▼
2024 · -0.6%
ROA
-6.0%▼
2024 · -0.3%
Interest coverage
7.04▼
2024 · 11.46
Debt ≤ 1 year
€55k▲
2024 · €49k
Debt > 1 year
€191k▼
2024 · €226k
Income taxes
€4k▲
2024 · €3k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€537k€479k▼
Fixed assets21/28€493k€447k▼
Tangible fixed assets22/27€493k€447k▼
Land and buildings22€478k€428k▼
Plant, machinery and equipment23€10k€12k▲
Furniture and vehicles24€5k€7k▲
Current assets29/58€43k€32k▼
Amounts receivable within one year40/41€11k€7k▼
Trade receivables40€11k€7k▼
Cash at bank and in hand54/58€31k€23k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€537k€479k▼
Equity10/15€262k€233k▼
Contributions10/11€19k€19k=
Reserves13€243k€243k=
Tax-exempt reserves132€34k€34k=
Distributable reserves133€209k€209k=
Profit (loss) carried forward14-€-29k
Amounts payable17/49€275k€246k▼
Amounts payable after more than one year17€226k€191k▼
Financial debts170/4€226k€191k▼
Amounts payable within one year42/48€49k€55k▲
Current portion of amounts payable after more than one year42€35k€35k▲
Trade debts44€5k€10k▲
Suppliers440/4€5k€10k▲
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Other amounts payable47/48€4k€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€57k▲
Other operating charges640/8€6k€14k▲
Gross operating margin9900€66k€51k▼
Operating profit (loss)9901€6k€-20k▼
Financial income75/76B€14€556▲
Recurring financial income75€14€556▲
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€918€-25k▼
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€-2k€-29k▼
Profit (loss) for the period to be appropriated9905€-2k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-29k▼
Transfer from equity791/2€2k-
The notes to these accounts (9 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 | €38k | €51k | €54k | €54k | €57k | ▲ 6.1% |
| Other operating charges640/8 | - | €7k | €8k | €6k | €14k | ▲ 130% |
| Gross operating margin9900 | €106k | €119k | €65k | €66k | €51k | ▼ 23.1% |
| Operating profit (loss)9901 | €62k | €60k | €3k | €6k | €-20k | ▼ 427% |
| Financial income75/76B | - | €100 | €11 | €14 | €556 | ▲ 3,869% |
| Recurring financial income75 | €14 | €100 | €11 | €14 | €556 | ▲ 3,869% |
| Financial charges65/66B | - | €8k | €6k | €5k | €5k | ▲ 0.6% |
| Recurring financial charges65 | €9k | €8k | €6k | €5k | €5k | ▲ 0.6% |
| Profit (loss) for the period before taxes9903 | €53k | €52k | €-3k | €918 | €-25k | ▼ 2,813% |
| Income taxes67/77 | €9k | €13k | €147 | €3k | €4k | ▲ 53.3% |
| Profit (loss) for the period9904 | €44k | €39k | €-4k | €-2k | €-29k | ▼ 1,620% |
| Profit (loss) for the period to be appropriated9905 | €44k | €39k | €-4k | €-2k | €-29k | ▼ 1,620% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €604k | €617k | €577k | €537k | €479k | ▼ 10.8% |
| Fixed assets21/28 | €524k | €599k | €547k | €493k | €447k | ▼ 9.4% |
| Tangible fixed assets22/27 | €524k | €599k | €547k | €493k | €447k | ▼ 9.4% |
| Land and buildings22 | - | €578k | €528k | €478k | €428k | ▼ 10.5% |
| Plant, machinery and equipment23 | - | €14k | €12k | €10k | €12k | ▲ 19.7% |
| Furniture and vehicles24 | - | €7k | €7k | €5k | €7k | ▲ 37.2% |
| Current assets29/58 | €80k | €18k | €30k | €43k | €32k | ▼ 26.9% |
| Amounts receivable within one year40/41 | €30k | €5k | €13k | €11k | €7k | ▼ 37.3% |
| Trade receivables40 | - | €3k | €5k | €11k | €7k | ▼ 37.3% |
| Other amounts receivable41 | - | €2k | €8k | - | - | - |
| Cash at bank and in hand54/58 | €50k | €12k | €17k | €31k | €23k | ▼ 24.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | €2k | ▼ 11.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €604k | €617k | €577k | €537k | €479k | ▼ 10.8% |
| Equity10/15 | €216k | €254k | €263k | €262k | €233k | ▼ 11.0% |
| Contributions10/11 | - | €6k | €19k | €19k | €19k | = |
| Reserves13 | €209k | €248k | €245k | €243k | €243k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €34k | €34k | €34k | €34k | = |
| Distributable reserves133 | - | €213k | €211k | €209k | €209k | = |
| Profit (loss) carried forward14 | - | - | - | - | €-29k | - |
| Amounts payable17/49 | €388k | €362k | €314k | €275k | €246k | ▼ 10.5% |
| Amounts payable after more than one year17 | €335k | €284k | €267k | €226k | €191k | ▼ 15.6% |
| Financial debts170/4 | - | €284k | €267k | €226k | €191k | ▼ 15.6% |
| Amounts payable within one year42/48 | €50k | €74k | €47k | €49k | €55k | ▲ 13.1% |
| Current portion of amounts payable after more than one year42 | - | €33k | €34k | €35k | €35k | ▲ 2.2% |
| Trade debts44 | €5k | €33k | €8k | €5k | €10k | ▲ 124% |
| Suppliers440/4 | - | €33k | €8k | €5k | €10k | ▲ 124% |
| Taxes, remuneration and social security45 | - | €2k | - | €5k | €3k | ▼ 38.6% |
| Taxes450/3 | - | €2k | - | €5k | €3k | ▼ 38.6% |
| Other amounts payable47/48 | - | €7k | €5k | €4k | €6k | ▲ 39.1% |
| Accrued charges and deferred income492/3 | - | €4k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €39k | €-4k | €-2k | €-29k | ▼ 1,620% |
| + Depreciation and write-downs630 | €38k | €51k | €54k | €54k | €57k | ▲ 6.1% |
| Operating cash flow (approximation) | €82k | €90k | €50k | €52k | €28k | ▼ 45.6% |
| Investment in fixed assets (approximation) | - | €-127k | €-2k | €0 | €-11k | - |
| Change in cash | - | €-37k | €5k | €14k | €-7k | ▼ 153% |
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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €44k ▲1.9%
Operating result €62k, net result €44k, both a record.
30-09
Financial
Equity above €200kEq €216k ▲20.3%
4 profitable years in a row build equity to €216k.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €150kEq €179k ▲22.7%
3 profitable years in a row build equity to €179k.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Boechout · 1 establishment unit since 2014
Ground area
242 m²
Building footprint
73 m²
Parcel 11004D0371/00N002, Flanders. Linked by address, not a title deed.
1 establishment unit
BAAM+
since 20142.237.976.575
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0371/00N002 | Flanders | 242 m² | 1 · 73 m² | - |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 792 EUR awarded · 792 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 792 EUR | 792 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,224 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
Founded15-12-2014
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
68203Renting and operating of own or leased non-residential real estate, excluding land
71121Engineering and related technical consultancy, excluding land surveyors
74120Graphic design and visual communication
79110Travel agency activities
79901Tourist information services
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.