BAARS
ActiveSummary
The computed 12-month bankruptcy probability of BAARS is 2.0% (moderate). The 2025 annual accounts show negative equity (-€135,982) and a net result of -€11,389. Equity is shrinking by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 18606 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.02 in 2024; cash: 5.1% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Return on assets
-170.2%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€135,982
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-12-2025, 61 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
61 d early
2024
42 d early
2023
26 d early
2022
1 d early
2021
on the day
2020
5 d early
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€135,982▼ 9.1%
2024 · -€124,593
Total assets
€6,693▼ 4.0%
2024 · €6,970
Net result
-€11,389▲ 44.5%
2024 · -€20,529
Working capital
-€141,911▼ 9.8%
2024 · -€129,247
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€23,496-€6,819▲ 71.0%-€22,608▼ 232%-€19,502▲ 13.7%-€11,300▲ 42.1%
Net result-€27,958below the sector's middle half-€8,028below the sector's middle half▲ 71.3%-€24,652below the sector's middle half▼ 207%-€20,529below the sector's middle half▲ 16.7%-€11,389below the sector's middle half▲ 44.5%
Equity-€71,384below the sector's middle half▼ 64.4%-€79,412below the sector's middle half▼ 11.2%-€104,064below the sector's middle half▼ 31.0%-€124,593below the sector's middle half▼ 19.7%-€135,982below the sector's middle half▼ 9.1%
Total assets€72,989within the sector's middle half▲ 6.3%€85,098within the sector's middle half▲ 16.6%€50,149below the sector's middle half▼ 41.1%€6,970below the sector's middle half▼ 86.1%€6,693below the sector's middle half▼ 4.0%
Debt€144,373▲ 28.8%€164,509▲ 13.9%€154,213▼ 6.3%€131,563▼ 14.7%€142,675▲ 8.4%
Working capital-€77,504below the sector's middle half▼ 72.5%-€84,853below the sector's middle half▼ 9.5%-€108,876below the sector's middle half▼ 28.3%-€129,247below the sector's middle half▼ 18.7%-€141,911below the sector's middle half▼ 9.8%
Solvency-97.8%below the sector's middle half▼ 34.6pp-93.3%below the sector's middle half▲ 4.5pp-207.5%below the sector's middle half▼ 114.2pp
Current ratio0.46below the sector's middle half▼ 0.140.48below the sector's middle half▲ 0.020.29below the sector's middle half▼ 0.190.02below the sector's middle half▼ 0.280.01below the sector's middle half▼ 0.01
Return on assets (ROA)-38.3%below the sector's middle half▼ 41.4pp-9.4%below the sector's middle half▲ 28.9pp-49.2%below the sector's middle half▼ 39.7pp-294.5%below the sector's middle half▼ 245.4pp-170.2%below the sector's middle half▲ 124.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,300 in 2025 against €19,502 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6,693
Fixed assets
€5,929 ▲ 27.4%
Current assets
€764 ▼ 67.0%
Key figures and ratios
EBITDA
-€10,814▲
2024 · -€19,344
Cash flow
-€10,903▲
2024 · -€20,371
Debt to equity
-1.05▲
2024 · -1.06
Interest coverage
-121.19▼
2024 · -18.83
Debt ≤ 1 year
€142,675▲
2024 · €131,563
A ratio outside any meaningful range has been withheld (balance sheet total €6,693, equity -€135,982).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,940 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,100 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €665 | €679 | €158 | €158 | €486 | ▲ 207% |
| Other operating charges640/8 | - | €2,137 | €2,372 | €968 | €1,169 | ▲ 20.8% |
| Non-recurring operating charges66A | - | - | €354 | - | - | - |
| Gross operating margin9900 | -€20,528 | -€4,003 | -€19,724 | -€18,376 | -€9,645 | ▲ 47.5% |
| Operating profit (loss)9901 | -€23,496 | -€6,819 | -€22,608 | -€19,502 | -€11,300 | ▲ 42.1% |
| Financial income75/76B | - | €102 | €161 | - | - | - |
| Recurring financial income75 | €150 | €102 | €161 | - | - | - |
| Financial charges65/66B | - | €1,311 | €2,205 | €1,027 | €89 | ▼ 91.3% |
| Recurring financial charges65 | €4,612 | €1,311 | €2,205 | €1,027 | €89 | ▼ 91.3% |
| Profit (loss) for the period before taxes9903 | -€27,958 | -€8,028 | -€24,652 | -€20,529 | -€11,389 | ▲ 44.5% |
| Profit (loss) for the period9904 | -€27,958 | -€8,028 | -€24,652 | -€20,529 | -€11,389 | ▲ 44.5% |
| Profit (loss) for the period to be appropriated9905 | -€27,958 | -€8,028 | -€24,652 | -€20,529 | -€11,389 | ▲ 44.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,989 | €85,098 | €50,149 | €6,970 | €6,693 | ▼ 4.0% |
| Fixed assets21/28 | €6,120 | €5,441 | €4,812 | €4,654 | €5,929 | ▲ 27.4% |
| Tangible fixed assets22/27 | €6,120 | €5,441 | €4,812 | €4,654 | €5,929 | ▲ 27.4% |
| Plant, machinery and equipment23 | - | €471 | - | - | - | - |
| Furniture and vehicles24 | - | €4,970 | €4,812 | €4,654 | €5,929 | ▲ 27.4% |
| Current assets29/58 | €66,870 | €79,657 | €45,337 | €2,316 | €764 | ▼ 67.0% |
| Stocks and contracts in progress3 | €62,725 | €71,135 | - | - | - | - |
| Stocks30/36 | - | €71,135 | - | - | - | - |
| Amounts receivable within one year40/41 | €411 | €3,323 | €11,781 | €1,470 | €55 | ▼ 96.3% |
| Trade receivables40 | - | €3,323 | €11,781 | €1,387 | - | - |
| Other amounts receivable41 | - | - | - | €83 | €55 | ▼ 33.9% |
| Cash at bank and in hand54/58 | €3,718 | €4,953 | €33,299 | €497 | €341 | ▼ 31.4% |
| Deferred charges and accrued income490/1 | - | €246 | €257 | €350 | €368 | ▲ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,989 | €85,098 | €50,149 | €6,970 | €6,693 | ▼ 4.0% |
| Equity10/15 | -€71,384 | -€79,412 | -€104,064 | -€124,593 | -€135,982 | ▼ 9.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€77,584 | -€85,612 | -€110,264 | -€130,793 | -€142,182 | ▼ 8.7% |
| Amounts payable17/49 | €144,373 | €164,509 | €154,213 | €131,563 | €142,675 | ▲ 8.4% |
| Amounts payable within one year42/48 | €144,373 | €164,509 | €154,213 | €131,563 | €142,675 | ▲ 8.4% |
| Trade debts44 | €25,296 | €17,243 | €2,983 | €2,110 | €685 | ▼ 67.5% |
| Suppliers440/4 | - | €17,243 | €2,983 | €2,110 | €685 | ▼ 67.5% |
| Taxes, remuneration and social security45 | - | €970 | €546 | - | - | - |
| Taxes450/3 | - | €970 | €546 | - | - | - |
| Other amounts payable47/48 | - | €146,296 | €150,684 | €129,453 | €141,990 | ▲ 9.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,958 | -€8,028 | -€24,652 | -€20,529 | -€11,389 | ▲ 44.5% |
| + Depreciation and write-downs630 | €665 | €679 | €158 | €158 | €486 | ▲ 207% |
| Operating cash flow (approximation) | -€27,292 | -€7,349 | -€24,494 | -€20,371 | -€10,903 | ▲ 46.5% |
| Investment in fixed assets (approximation) | - | -€0 | €471 | €0 | -€1,762 | - |
| Change in cash | - | €1,235 | €28,346 | -€32,802 | -€156 | ▲ 99.5% |
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
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €2,143
Net result €2,143 after one loss-making year.
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brecht · 1 establishment unit since 2016
Ground area
1,189 m²
Building footprint
224 m²
Parcel 11042A0013/00H004, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BAARS
since 20162.255.786.963
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11042A0013/00H004 | Flanders | 1,189 m² | 1 · 223 m² | 0.2 m |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,103 companies in sector 47640 we hold annual accounts for 907. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-08-2016
Fiscal year end30-06
Activities, NACEBEL 2025
47640Retail sale of games and toys
46497Wholesale trade
74120Graphic design and visual communication
E-invoicing
Reachable via Peppol
Peppol ID
0208:0660995315
Registered
26-07-2024
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.