Losses
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
BAARBEEK IMMO pays its suppliers 30 days later than in 2024.
Short-term debts rose from €602,976 to €634,278.
The last five annual accounts were filed 52 to 64 days before the end of the period.
Lower net result than 94% of companies in real estate. Sector median €20,526 · 5,817 companies.
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 65% of them on solvency, 64% on liquidity, 12% on profitability and 72% on growth.
The bankruptcy probability was computed on 07-11-2026 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).
In July 2024, 6,908 companies had the same profile as BAARBEEK IMMO has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BAARBEEK IMMO itself: 0.2% within 12 months.
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 6,908 companies, not a prediction for BAARBEEK IMMO. 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.
Liquidity is insufficient, with a current ratio of 0.91 (0.47 in 2024), below 1. Short-term debt is 8.9% and cash 3.4% of total assets. 49.3% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 57 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BAARBEEK IMMO Beveren-Kruibeke-Zwijndrecht | €7.1m | - | 50.7% | 0.6 |
| SKALLI BRUXELLES IMMOBILIER Ixelles | €7.1m | €127,058 | 99.6% | 0.7 |
| IMMO GREGOIRE Dilbeek | €7.6m | €465,208 | 0.7% | 0.8 |
| W-Fin Rotselaar | €6.6m | €67,180 | 34.5% | 0.4 |
| FASTGOED Riemst | €6.6m | €201,312 | 3.6% | 1 |
| ARNOU INVEST Deinze | €7.0m | €224,742 | 62.7% | 1 |
| QUATRO PUURS Buggenhout | €6.9m | €596,612 | 20.3% | 1 |
These companies have the same main activity as BAARBEEK IMMO: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €6.6m and €7.6m, founded between 2014 and 2018.
BAARBEEK IMMO has existed since 2016. In 2018 the balance sheet total rose from €1.7m to €7.1m, while staff fell from 2.8 to 1.9 full-time equivalents.
Solvency rose in 2025 from 44.9% to 50.7% because of a capital increase.
OKSALYS holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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