Equity
€18,550 from €69,648 in 2021
Equity fell by 73% in 4 years.
Baan
Lifetime
7 annual accounts with figures on one time axispeak €47,054 (2024)
€25,176▼ 46.5%
peak €33,091 (2024)
€12,044▼ 63.6%
peak €69,648 (2021)
€18,550▼ 5.9%
€39,198▼ 14.1%
Board2 names since 2019
1 directorMALFLIET Ivan
Documentsfilings and deeds
04-05-202688 days before the deadline
2025micro format
Gross margin from €47,054 to €25,176Result from €33,091 to €12,044Dividend €13,202
Key points
from the 2025 annual accountsChecked score
92
Excellent
Financially stronger than 50% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2019
lowers risk
Liquidity: current ratio 1.37, cash €33,483
Sector: Advertising, market research and public relations activities (NACE 73)
Figures for financial year 2025 (filed on 04-05-2026)
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 73, micro). It does better than 35% of them on solvency, 56% on liquidity, 72% on profitability and 35% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as Baan has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Baan itself is lower: 0.1% within 12 months. It rests on far more data about Baan than the profile alone.
Test of the method
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 Baan. 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.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.37 (1.21 in 2024), below the usual 1.5. Short-term debt is 67.9% and cash 58% of total assets. 67.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 04-05-2026, 88 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
88 days early
2024
3 days early
2023
77 days early
2022
67 days early
2021
45 days early
2020
39 days early
2019
35 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 51 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MALFLIET Ivan 299 sharesdeed of 13-03-2019
- PANIER François Jean Simonne 1 sharedeed of 13-03-2019
Recent changes
Amendment of the articles · Legal-form change · Resignations & appointments
Board composition: MALFLIET, Ivan (director (not named in the articles)) · Gazette deed
Resignation: François Panier (manager)
General meeting of 26-03-2019 · Gazette deed
Incorporation
Founding capital of €18,550, 300 shares, €6,200 paid up · Founders: MALFLIET Ivan and PANIER François Jean Simonne · Appointments: MALFLIET Ivan (manager) and PANIER François Jean Simonne (manager) · published on 13-03-2019 · Gazette deed
First establishment
Sint-Adriaanveld 11, Haacht
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Baan Haacht | €57,748 | €25,176 | 32.1% | - |
| Rutten Solutions Boutersem | €50,539 | €28,956 | 79.3% | - |
| HALLET CONSULTING Wezembeek-Oppem | €64,260 | €24,290 | -4.6% | - |
| AM IMMO & CONSULTING Visé | €61,921 | €27,328 | 50.6% | - |
| BUREAU 240 Ixelles | €59,944 | €23,497 | -51.8% | - |
| SHIFUMI La Hulpe | €57,574 | €21,444 | 13.1% | - |
| PLAN A Antwerp | €61,142 | €26,967 | -74.3% | - |
These companies have the same main activity as Baan: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €50,500 and €64,300, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 11-03-2019Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 4 others
- Establishment unit
- 2.286.215.9623150 Haacht, since 11-03-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €57,748▼ 11.6%
- Filing
- Filed on 04-05-2026, 88 days before the end of the filing period
Insights on Baan
Baan files the micro format. That format states no turnover. The gross margin fell from €27,351 in 2019 to €25,176 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Baan
- What is the company number of Baan?
- The company number of Baan is 0722.588.137. The VAT number is the same number with BE in front: BE 0722.588.137.
- Where is Baan based?
- The registered office is at Sint-Adriaanveld 11, 3150 Haacht.Company details
- What does Baan do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of Baan?
- Baan is a private limited company (BV).
- When was Baan founded?
- Baan was founded on 11-03-2019.
- Is Baan still active?
- Yes, Baan is an active enterprise in the KBO register.
- What is the turnover of Baan?
- The turnover in financial year 2025 is ≈ €67,000. This figure is estimated from the gross margin of €25,176 and 45 comparable companies (NACE 73). It probably lies between €47,000 and €89,000.Financials
- Is Baan profitable?
- In financial year 2025, Baan made a profit of €12,044.
- Where can I find the annual accounts of Baan?
- Baan filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Baan due?
- Baan must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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