Baan-Chang

Private limited companyfounded 20206 yrs activeBoekenberglei 114, 2100 Antwerpen, BelgiumKBO/BCE: BE 0754.598.236

Baan-Chang is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €727k and a net result of €330k. Equity is growing by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 59% of 9864 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Outside the general model

Model not applicable to financial institutions

The health 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.

Credit advice for your own amount and term

Signals

Two signals. The signal on the left, the evidence on the right.

○neutral

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

8 d early

2022

18 d early

2021

4 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€727k▲ 83.0%

2023 · €397k

2021: €268k 2022: €328k 2023: €397k

2021 → 2024

Net result

€330k▲ 379%

2023 · €69k

2021: €266k 2022: €60k 2023: €69k

2021 → 2024

Total assets

€1.14M▲ 30.9%

2023 · €868k

2021: €706k 2022: €918k 2023: €868k

2021 → 2024

Solvency

64.0%▲ 18.2pp

2023 · 45.8%

2021: 38.0% 2022: 35.8% 2023: 45.8%

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€268k-€328k▲ 22.3%€397k▲ 20.9%€727k▲ 83.0%

Operating result€389k-€78k▼ 80.0%€104k▲ 33.4%€489k▲ 371%

Net result€266k-€60k▼ 77.5%€69k▲ 14.7%€330k▲ 379%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 371% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.14M

53.2%

46.8%

Fixed assets €605k▼ 5.8%

Current assets €531k▲ 135%

Equity and liabilities €1.14M

64.0%

36.0%

Equity €727k▲ 83.0%

Debt €409k▼ 13.1%

The debt ratio falls from 54.2% to 36.0%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

Solvency

64.0%▲

2023 · 45.8%

ROE

45.3%▲

2023 · 17.3%

ROA

29.0%▲

2023 · 7.9%

Debt

€409k▼

2023 · €470k

Debt ≤ 1 year

€175k▲

2023 · €164k

Debt > 1 year

€221k▼

2023 · €276k

Income taxes

€148k▲

2023 · €25k

Staff costs

€33k▼

2023 · €35k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€868k€1.14M▲

Fixed assets21/28€642k€605k▼

Intangible fixed assets21€4k-

Tangible fixed assets22/27€637k€605k▼

Land and buildings22€502k€508k▲

Plant, machinery and equipment23€23k€25k▲

Furniture and vehicles24€79k€15k▼

Other tangible fixed assets26€33k€57k▲

Current assets29/58€226k€531k▲

Amounts receivable after more than one year29-€19k

Other amounts receivable291-€19k

Stocks and contracts in progress3€55k-

Stocks30/36€55k-

Amounts receivable within one year40/41€126k€401k▲

Trade receivables40€58k€153k▲

Other amounts receivable41€68k€248k▲

Cash at bank and in hand54/58€42k€109k▲

Deferred charges and accrued income490/1€2k€2k▼

Equity and liabilities

Total equity and liabilities10/49€868k€1.14M▲

Equity10/15€397k€727k▲

Contributions10/11€2k€2k=

Reserves13€395k€725k▲

Distributable reserves133€395k€725k▲

Amounts payable17/49€470k€409k▼

Amounts payable after more than one year17€276k€221k▼

Financial debts170/4€276k€221k▼

Amounts payable within one year42/48€164k€175k▲

Current portion of amounts payable after more than one year42€54k€55k▲

Financial debts43€42k-

Credit institutions430/8€42k-

Trade debts44€7k€120k▲

Suppliers440/4€7k€120k▲

Taxes, remuneration and social security45€9k-

Taxes450/3€9k-

Other amounts payable47/48€53k-

Accrued charges and deferred income492/3€30k€13k▼

Income statement Code20232024

Remuneration, social security and pensions62€35k€33k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€36k▼

Other operating charges640/8€4k€12k▲

Gross operating margin9900€178k€570k▲

Operating profit (loss)9901€104k€489k▲

Financial income75/76B€1k€15k▲

Recurring financial income75€1k€15k▲

Financial charges65/66B€11k€26k▲

Recurring financial charges65€11k€7k▼

Non-recurring financial charges66B-€20k

Profit (loss) for the period before taxes9903€94k€478k▲

Income taxes67/77€25k€148k▲

Profit (loss) for the period9904€69k€330k▲

Profit (loss) for the period to be appropriated9905€69k€330k▲

Appropriation of the result

Profit (loss) to be appropriated9906€69k€330k▲

Transfer to equity691/2€69k€330k▲

To other reserves6921€69k€330k▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 4Filings 4

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Highest result since 2021net €330k ▲379%

Operating result €489k, net result €330k, both a record.

31-12

Financial Liquidity doublescurrent ratio 3.04

Current ratio from 1.38 to 3.04.

31-12

Financial Equity above €500kEq €727k ▲83%

4 profitable years in a row build equity to €727k.

23-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

13-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €60k ▼77.5%

Net result drops to €60k, the lowest in the series; recovery starts the following year.

27-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Antwerpen · 2 establishment units since 2020

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Boekenberglei 1142100 Antwerpen

Ground area

896 m²

Building footprint

465 m²

Volume, LiDAR

1,620 m³

3 parcels, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

Baan-Chang

Boomgaardstraat 4, 1502 HalleNACE 4511201

since 20202.308.160.926

Establishment

Beauty treatment

since 20232.346.578.171

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23043B0502/00K000	Flanders	498 m²	1 · 139 m²	9.7 m
11346B0965/00Z009	Flanders	287 m²	1 · 206 m²	-
23027G0021/02G002	Flanders	111 m²	1 · 120 m²	14.0 m · 4 fl.