Equity
BAAN CONSTRUCT has made a profit without a break since 2018.
In July 2024, 17,811 companies had the same profile as BAAN CONSTRUCT has now. Each dot stands for 45 companies, two years later.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 17,811 companies, not a prediction for BAAN CONSTRUCT. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| BAAN CONSTRUCT Berchem-Sainte-Agathe | €567,645 | €126,297 | 59.9% | - |
| INTROTEC Ixelles | €603,423 | €143,556 | 86.7% | - |
| OBJECTIIV Wasseiges | €533,697 | €139,995 | 57.0% | - |
| REAC Genappe | €561,995 | €107,308 | 43.9% | 0.5 |
| B' eau Pools Hamme (Vl.) | €592,642 | €147,362 | 38.3% | 0.9 |
| COORNAERT TOM Deerlijk | €559,397 | €111,559 | 81.5% | - |
| BORSALINO & CO Antwerp | €564,890 | €105,266 | 94.3% | - |
These companies have the same main activity as BAAN CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €534,000 and €603,000, founded between 2010 and 2012.
BAAN CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €50,331 in 2011 to €126,297 in 2025.
The balance sheet grew most from 2019 to 2020 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €590,000. Estimated: probably between €370,000 and €950,000.
Higher than 70% of 9,279 companies in 2025.
Higher than 82% of 9,202 companies in 2025.
Higher than 66% of 9,247 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
567,645 | 511,391 | 404,855 | 366,218 | 391,424 | 392,645 | 370,343 | 141,827 | 143,684 | 146,154 | 216,741 | 237,244 | 182,463 | 138,207 | 110,569 | |
21/28 |
285,222 | 288,421 | 239,655 | 238,292 | 261,198 | 292,929 | 266,458 | 48,588 | 35,967 | 8,039 | 11,908 | 22,158 | 28,166 | 41,058 | 53,440 | |
22/27 |
284,017 | 287,216 | 238,450 | 237,253 | 260,158 | 291,890 | 266,419 | 48,549 | 35,928 | 7,999 | 11,869 | 22,158 | 28,166 | 41,058 | 53,440 | |
22 |
172,623 | 184,915 | 197,207 | 172,213 | 183,065 | 193,917 | 204,770 | - | - | - | - | - | - | - | - | |
23 |
6,485 | 3,185 | 1,974 | 3,196 | 3,648 | 4,516 | 4,923 | 3,755 | 3,808 | 3,505 | 2,319 | 3,234 | 4,334 | 4,284 | 6,251 | |
24 |
104,909 | 99,117 | 39,269 | 61,844 | 73,445 | 93,457 | 56,727 | 44,794 | 32,120 | 4,494 | 7,982 | 18,924 | 23,831 | 36,774 | 47,189 | |
26 |
- | - | - | - | - | - | - | - | - | - | 1,568 | - | - | - | - | |
28 |
1,205 | 1,205 | 1,205 | 1,039 | 1,039 | 1,039 | 39 | 39 | 39 | 39 | 39 | - | - | - | - | |
29/58 |
282,423 | 222,970 | 165,200 | 127,926 | 130,227 | 99,716 | 103,885 | 93,239 | 107,717 | 138,116 | 204,833 | 215,086 | 154,298 | 97,149 | 57,129 | |
29 |
19,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
19,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
3 |
4,987 | 2,965 | 3,809 | 1,608 | 4,862 | 18,721 | 6,364 | 4,009 | 25,563 | 29,548 | 18,726 | 18,251 | 17,876 | 29,926 | 875 | |
30/36 |
4,987 | 2,965 | 3,809 | 1,608 | 4,862 | 18,721 | 6,364 | 4,009 | 25,563 | 29,548 | 18,726 | 18,251 | 17,876 | 29,926 | 875 | |
40/41 |
31,374 | 45,682 | 26,873 | 61,943 | 72,682 | 53,149 | 84,958 | 73,269 | 77,461 | 107,033 | 170,309 | 185,574 | 108,442 | 65,347 | 51,236 | |
40 |
22,351 | 10,039 | 14,156 | 42,716 | 52,768 | 25,934 | 65,252 | 56,076 | 60,802 | 102,575 | 168,294 | 185,433 | 106,538 | 49,469 | 34,514 | |
41 |
9,024 | 35,643 | 12,717 | 19,227 | 19,914 | 27,216 | 19,706 | 17,192 | 16,659 | 4,458 | 2,015 | 141 | 1,905 | 15,878 | 16,723 | |
54/58 |
223,738 | 169,663 | 128,768 | 58,536 | 51,608 | 20,246 | 10,415 | 15,146 | 3,755 | 463 | 15,630 | 9,208 | 26,340 | 1,550 | 2,857 | |
490/1 |
3,324 | 4,659 | 5,750 | 5,839 | 1,075 | 7,599 | 2,148 | 816 | 938 | 1,072 | 168 | 2,053 | 1,639 | 326 | 2,161 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
567,645 | 511,391 | 404,855 | 366,218 | 391,424 | 392,645 | 370,343 | 141,827 | 143,684 | 146,154 | 216,741 | 237,244 | 182,463 | 138,207 | 110,569 | |
10/15 |
339,971 | 287,072 | 225,314 | 188,432 | 122,702 | 64,300 | 59,082 | 34,678 | 12,026 | 18,872 | 29,858 | 8,825 | 9,836 | 13,567 | 12,191 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | - | - | - | - | - | - | - | - | - | |
13 |
321,371 | 268,472 | 206,714 | 169,832 | 104,102 | 45,700 | 40,482 | 16,078 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
133 |
321,371 | 268,472 | 206,714 | 167,972 | 102,242 | 43,840 | 38,622 | 14,218 | - | - | - | - | - | - | - | |
14 |
- | - | - | - | - | - | - | - | -8,434 | -1,588 | 9,398 | 765 | 1,776 | 5,507 | 4,131 | |
17/49 |
227,674 | 224,319 | 179,541 | 177,786 | 268,722 | 328,344 | 311,262 | 107,149 | 131,658 | 127,282 | 186,883 | 228,418 | 172,627 | 124,640 | 98,378 | |
17 |
152,607 | 153,135 | 119,666 | 138,542 | 183,598 | 243,895 | 238,006 | 56,495 | 96,734 | 100,000 | 100,000 | 100,000 | 5,108 | 15,006 | 26,041 | |
170/4 |
152,607 | 153,135 | 119,666 | 138,542 | 183,598 | 243,895 | 238,006 | 56,495 | 96,734 | 100,000 | 100,000 | 100,000 | 5,108 | 15,006 | 26,041 | |
42/48 |
75,067 | 71,185 | 59,874 | 39,244 | 84,902 | 84,449 | 73,256 | 50,209 | 34,556 | 27,282 | 86,883 | 121,218 | 167,519 | 109,635 | 72,337 | |
42 |
56,229 | 52,628 | 51,208 | 25,839 | 30,511 | 38,435 | 36,836 | 16,905 | 11,397 | - | - | 5,108 | 9,898 | 9,489 | 7,553 | |
44 |
7,843 | 4,707 | 8,556 | 9,130 | 39,888 | 27,547 | 33,320 | 25,724 | 8,916 | 22,366 | 13,676 | 10,413 | 20,616 | 15,176 | 4,913 | |
440/4 |
7,843 | 4,707 | 8,556 | 9,130 | 39,888 | 27,547 | 33,320 | 25,724 | 8,916 | 22,366 | 13,676 | 10,413 | 20,616 | 15,176 | 4,913 | |
46 |
4,486 | - | - | - | - | - | - | - | - | - | - | - | - | 489 | - | |
45 |
6,509 | 13,850 | - | 4,275 | 7,110 | - | 3,100 | 6,775 | 12,185 | - | 1,950 | 7,203 | 2,726 | 2,566 | 12,267 | |
450/3 |
6,509 | 9,850 | - | 4,275 | 7,110 | - | - | 5,475 | 385 | - | - | 7,203 | 2,726 | 2,566 | 12,267 | |
454/9 |
- | 4,000 | - | - | - | - | 3,100 | 1,300 | 11,800 | - | 1,950 | - | - | - | - | |
47/48 |
- | - | 110 | - | 7,393 | 18,467 | - | 805 | 2,058 | 4,917 | 71,257 | 98,494 | 134,279 | 81,914 | 47,604 | |
492/3 |
- | - | - | - | 222 | - | - | 445 | 368 | - | - | 7,200 | - | - | - | |
| Income statement | ||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 357,928 | 203,475 | |
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,515 | - | |
9900 |
126,297 | 143,678 | 104,371 | 139,588 | 121,499 | 70,394 | 100,406 | 48,516 | 14,391 | 8,352 | 27,500 | 39,402 | 18,391 | 26,135 | 50,331 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 339,793 | 155,479 | |
62 |
- | 826 | 7,330 | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
41,447 | 28,652 | 37,813 | 39,347 | 37,122 | 33,000 | 38,000 | 18,291 | 14,189 | 8,085 | 16,216 | 20,028 | 18,458 | 16,913 | 18,583 | |
640/8 |
4,175 | 9,636 | 3,871 | 3,673 | 6,707 | 6,252 | 30,380 | 1,010 | 2,552 | 4,913 | 3,032 | 11,063 | 1,614 | 5,459 | 2,641 | |
66A |
- | 11,711 | - | 7,330 | - | - | - | - | - | - | - | - | 0 | - | - | |
9901 |
80,675 | 92,853 | 55,356 | 89,238 | 77,670 | 31,142 | 32,026 | 29,215 | -2,350 | -4,646 | 8,252 | 8,311 | -1,681 | 3,762 | 29,107 | |
75/76B |
1,111 | 723 | 104 | 17 | 51 | 12 | 24 | 66 | 46 | 28 | 173 | 3 | 15 | 12 | 0 | |
75 |
1,111 | 723 | 104 | 17 | 51 | 12 | 24 | 66 | 46 | 28 | 173 | 3 | 15 | 12 | 0 | |
65/66B |
7,378 | 6,515 | 4,859 | 4,957 | 6,363 | 7,171 | 7,053 | 1,200 | 425 | 644 | 192 | 1,408 | 1,885 | 2,456 | 866 | |
65 |
7,378 | 6,515 | 4,859 | 4,957 | 6,363 | 7,171 | 7,053 | 1,200 | 425 | 644 | 192 | 1,408 | 1,885 | 2,456 | 866 | |
9903 |
74,408 | 87,061 | 50,602 | 84,297 | 71,358 | 23,983 | 24,997 | 28,080 | -2,729 | -5,262 | 8,233 | 6,905 | -3,551 | 3,834 | 28,241 | |
67/77 |
21,509 | 25,304 | 13,720 | 18,567 | 12,956 | 7,178 | 594 | 5,428 | 4,117 | 5,724 | -400 | 7,916 | 179 | 2,458 | 12,250 | |
9904 |
52,899 | 61,757 | 36,882 | 65,730 | 58,402 | 16,805 | 24,404 | 22,652 | -6,846 | -10,986 | 8,633 | -1,011 | -3,730 | 1,376 | 15,991 | |
9905 |
52,899 | 61,757 | 36,882 | 65,730 | 58,402 | 16,805 | 24,404 | 22,652 | -6,846 | -10,986 | 8,633 | -1,011 | -3,730 | 1,376 | 15,991 | |
| Appropriation of the result | ||||||||||||||||
9906 |
52,899 | 61,757 | 36,882 | 65,730 | 58,402 | 16,805 | 24,404 | 14,218 | -8,434 | -1,588 | 9,398 | 765 | 1,776 | 5,507 | 15,991 | |
691/2 |
52,899 | 61,757 | 36,882 | 65,730 | 58,402 | 4,520 | 24,404 | 14,218 | - | - | - | - | - | - | 1,860 | |
6920 |
399 | - | - | - | - | 4,520 | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
52,500 | 61,757 | 36,882 | 65,730 | 58,402 | - | 24,404 | 14,218 | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | 12,286 | - | - | - | - | - | - | - | - | 10,000 | |
694 |
- | - | - | - | - | 12,286 | - | - | - | - | - | - | - | - | 10,000 | |
| Document | ||||||||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00465538.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00465538 | |
| 31-12-2024 | full format | 25-07-2025 | 2025-00319834 | |
| 31-12-2023 | full format | 10-08-2024 | 2024-00338706 | |
| 31-12-2022 | full format | 28-08-2023 | 2023-00362949 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20374546 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61000575 | |
| 31-12-2019 | micro format | 14-10-2020 | 2020-61500051 | |
| 31-12-2018 | micro format | 16-08-2019 | 2019-46900011 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-40900585 | |
| 31-12-2016 | micro format | 29-09-2017 | 2017-65900022 | |
| 31-12-2015 | full format | 30-09-2016 | 2016-63400596 | |
| 31-12-2014 | full format | 30-09-2015 | 2015-61700600 | |
| 31-12-2013 | full format | 31-08-2014 | 2014-57000282 | |
| 31-12-2012 | full format | 31-12-2013 | 2013-70600077 | |
| 31-12-2011 | full format | 28-09-2012 | 2012-58600281 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 122,122 | 121,505 | 93,169 | 128,585 | 114,792 | 64,142 | 70,026 | 47,505 | 11,839 | 3,439 | 24,468 | 28,339 | 16,777 | 20,676 | 47,690 | ||
| 94,347 | 90,410 | 74,695 | 105,077 | 95,524 | 49,805 | 62,403 | 40,943 | 7,343 | -2,901 | 24,849 | 19,017 | 14,727 | 18,289 | 34,574 | ||
| 39,200 | 101,691 | 39,176 | 16,441 | 17,983 | 74,346 | 255,870 | 30,912 | 42,118 | 4,216 | 5,967 | 14,020 | 5,565 | 8,282 | 72,023 | ||
| 54,075 | 40,895 | 70,232 | 6,928 | 31,362 | 9,831 | -4,730 | 11,390 | 3,292 | -15,167 | 6,422 | -17,132 | 24,790 | -1,307 | - | ||
| 207,356 | 151,785 | 105,326 | 88,682 | 45,325 | 15,266 | 30,629 | 43,030 | 73,161 | 110,833 | 117,950 | 93,868 | -13,222 | -12,486 | -15,208 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 1.1% | 14.3% | ||
| 59.9% | 56.1% | 55.7% | 51.5% | 31.3% | 16.4% | 16.0% | 24.5% | 8.4% | 12.9% | 13.8% | 3.7% | 5.4% | 9.8% | 11.0% | ||
| 3.76 | 3.13 | 2.76 | 3.26 | 1.53 | 1.18 | 1.42 | 1.86 | 3.12 | 5.06 | 2.36 | 1.77 | 0.92 | 0.89 | 0.79 | ||
| 3.70 | 3.09 | 2.70 | 3.22 | 1.48 | 0.96 | 1.33 | 1.78 | 2.38 | 3.98 | 2.14 | 1.62 | 0.81 | 0.61 | 0.78 | ||
| 0.67 | 0.78 | 0.80 | 0.94 | 2.19 | 5.11 | 5.27 | 3.09 | 10.95 | 6.74 | 6.26 | 25.88 | 17.55 | 9.19 | 8.07 | ||
| 15.6% | 21.5% | 16.4% | 34.9% | 47.6% | 26.1% | 41.3% | 65.3% | -56.9% | -58.2% | 28.9% | -11.5% | -37.9% | 10.1% | 131.2% | ||
| 9.3% | 12.1% | 9.1% | 17.9% | 14.9% | 4.3% | 6.6% | 16.0% | -4.8% | -7.5% | 4.0% | -0.4% | -2.0% | 1.0% | 14.5% | ||
| 16.55 | 18.65 | 19.18 | 25.94 | 18.04 | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 50 days | 62 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 16 days | 12 days |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €39,200 | €101,691 | €39,010 | €16,441 | €17,983 |
| Financial fixed assets | - | - | €166 | - | - |
| €41,447 | €28,652 | €37,813 | €39,347 | €37,122 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 13% lower than in 2024.
Debt's share of the balance-sheet total falls from 43.9% to 40.1%. Equity and debt are higher.
BAAN CONSTRUCT has no parent and no holdings in its annual accounts. is the only director. BAAN CONSTRUCT shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Josse Goffinlaan 214/216 registered office 1082 Berchem-Sainte-Agathe | ||
| Josse Goffinlaan 214 1082 Berchem-Sainte-Agathe | 07-10-2010 | 2.192.571.073 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21342B0141/00N004 | 1,740 m² | 1 · 224 m² | 18.2 m · 5 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0829.900.425
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