BAAS
ActiveSummary
BAAS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,441 and a net result of €16,092. Equity is shrinking by ~18.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 26% of 4565 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▲+21
Solvency38▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.29 in 2024; short-term debt: 87.3% and cash: 78.8% of total assets), and 87.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.7%
Return on assets
2.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
28 d early
2023
23 d early
2022
21 d early
2021
20 d early
2020
16 d early
2019
18 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 21 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16,092
2024 · -€13,632
Working capital
€77,007▼ 43.2%
2024 · €135,530
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,232▼ 91.1%€123,182▲ 709%-€77,920-€4,537▲ 94.2%€26,616
Net result€1,547▼ 98.7%€13,135▲ 749%-€19,585-€13,632▲ 30.4%€16,092
Equity€578,457▼ 17.2%€505,125▼ 12.7%€301,584▼ 40.3%€178,270▼ 40.9%€77,441▼ 56.6%
Total assets€1.6m▲ 76.0%€698,130▼ 56.0%€659,866▼ 5.5%€644,075▼ 2.4%€609,755▼ 5.3%
Debt€1.0m▲ 398%€193,005▼ 80.8%€358,282▲ 85.6%€465,805▲ 30.0%€532,314▲ 14.3%
Working capital€491,270▼ 15.7%€480,664▼ 2.2%€304,390▼ 36.7%€135,530▼ 55.5%€77,007▼ 43.2%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €26,616 after a loss of €4,537 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €609,755
Fixed assets
€433 ▼ 99.0%
Current assets
€609,321 ▲ 1.3%
Equity and liabilities €609,755
Equity
€77,441 ▼ 56.6%
Debt
€532,314 ▲ 14.3%
Debt's share of the balance-sheet total rises from 72.3% to 87.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26,905▲
2024 · €6,724
Cash flow
€16,381▲
2024 · -€2,371
Current ratio
1.14▼
2024 · 1.29
Debt to equity
6.87▲
2024 · 2.61
ROE
20.8%▲
2024 · -7.6%
ROA
2.6%▲
2024 · -2.1%
Interest coverage
2.18▲
2024 · 0.35
Debt ≤ 1 year
€532,314▲
2024 · €465,805
Income taxes
€1,609▼
2024 · €2,460
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €70,103 | €2 | €2,068 | €10,089 | ▲ 388% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,015 | €1,546 | €1,168 | €11,261 | €289 | ▼ 97.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €31,000 | - | - | - | - |
| Other operating charges640/8 | €7,399 | €538 | €482 | €455 | €278 | ▼ 38.9% |
| Non-recurring operating charges66A | - | - | €111,377 | - | - | - |
| Gross operating margin9900 | €26,646 | €156,266 | €35,106 | €7,180 | €27,183 | ▲ 279% |
| Operating profit (loss)9901 | €15,232 | €123,182 | -€77,920 | -€4,537 | €26,616 | ▲ 687% |
| Financial income75/76B | €39 | €894 | €3,499 | €12,312 | €3,422 | ▼ 72.2% |
| Recurring financial income75 | €39 | €894 | €3,499 | €12,312 | €3,392 | ▼ 72.4% |
| Non-recurring financial income76B | - | - | - | - | €30 | - |
| Financial charges65/66B | €12,182 | €9,708 | €6,469 | €18,947 | €12,337 | ▼ 34.9% |
| Recurring financial charges65 | €12,182 | €9,708 | €6,469 | €18,947 | €12,337 | ▼ 34.9% |
| Non-recurring financial charges66B | €0 | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €3,089 | €114,369 | -€80,890 | -€11,172 | €17,701 | ▲ 258% |
| Income taxes67/77 | €1,542 | €101,234 | -€61,305 | €2,460 | €1,609 | ▼ 34.6% |
| Profit (loss) for the period9904 | €1,547 | €13,135 | -€19,585 | -€13,632 | €16,092 | ▲ 218% |
| Profit (loss) for the period to be appropriated9905 | €1,547 | €13,135 | -€19,585 | -€13,632 | €16,092 | ▲ 218% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €698,130 | €659,866 | €644,075 | €609,755 | ▼ 5.3% |
| Fixed assets21/28 | €111,633 | €38,895 | €1,470 | €42,740 | €433 | ▼ 99.0% |
| Tangible fixed assets22/27 | €111,523 | €38,895 | €1,470 | €42,740 | €433 | ▼ 99.0% |
| Land and buildings22 | €109,141 | €36,257 | - | - | - | - |
| Plant, machinery and equipment23 | - | €1,176 | €929 | €681 | €433 | ▼ 36.4% |
| Furniture and vehicles24 | €2,382 | €1,462 | €542 | €42,059 | - | - |
| Financial fixed assets28 | €110 | - | - | - | - | - |
| Current assets29/58 | €1.5m | €659,235 | €658,395 | €601,335 | €609,321 | ▲ 1.3% |
| Stocks and contracts in progress3 | €1.2m | - | - | - | - | - |
| Stocks30/36 | €1.2m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €160,872 | €193,763 | €170,648 | €114,833 | €94,510 | ▼ 17.7% |
| Trade receivables40 | €103,850 | €111,558 | €19,184 | €53,200 | €33,042 | ▼ 37.9% |
| Other amounts receivable41 | €57,022 | €82,205 | €151,464 | €61,633 | €61,469 | ▼ 0.3% |
| Current investments50/53 | €44,348 | €24,546 | €324,546 | €264,447 | €34,447 | ▼ 87.0% |
| Cash at bank and in hand54/58 | €30,205 | €440,926 | €163,201 | €222,055 | €480,364 | ▲ 116% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €698,130 | €659,866 | €644,075 | €609,755 | ▼ 5.3% |
| Equity10/15 | €578,457 | €505,125 | €301,584 | €178,270 | €77,441 | ▼ 56.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Other1109/19 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €566,057 | €492,725 | €289,184 | €165,870 | €65,041 | ▼ 60.8% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €564,197 | €492,725 | €289,184 | €165,870 | €65,041 | ▼ 60.8% |
| Amounts payable17/49 | €1.0m | €193,005 | €358,282 | €465,805 | €532,314 | ▲ 14.3% |
| Amounts payable after more than one year17 | €24,445 | €14,434 | €4,276 | - | - | - |
| Financial debts170/4 | €24,445 | €14,434 | €4,276 | - | - | - |
| Amounts payable within one year42/48 | €982,055 | €178,571 | €354,005 | €465,805 | €532,314 | ▲ 14.3% |
| Current portion of amounts payable after more than one year42 | €9,866 | €10,011 | €10,158 | €4,276 | - | - |
| Financial debts43 | €600,000 | - | - | - | - | - |
| Credit institutions430/8 | €600,000 | - | - | - | - | - |
| Trade debts44 | €61,729 | €8,584 | €1,468 | €16,217 | €19,331 | ▲ 19.2% |
| Suppliers440/4 | €61,729 | €8,584 | €1,468 | €13,037 | €19,331 | ▲ 48.3% |
| Bills of exchange payable441 | - | - | - | €3,180 | - | - |
| Advances received on contracts in progress46 | - | - | €12,667 | - | - | - |
| Taxes, remuneration and social security45 | €6,030 | €2,757 | €3,023 | €5,533 | €4,622 | ▼ 16.5% |
| Taxes450/3 | €6,030 | €2,757 | €3,023 | €5,533 | €4,622 | ▼ 16.5% |
| Other amounts payable47/48 | €304,431 | €157,219 | €326,689 | €439,779 | €508,361 | ▲ 15.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,547 | €13,135 | -€19,585 | -€13,632 | €16,092 | ▲ 218% |
| + Depreciation and write-downs630 | €4,015 | €1,546 | €1,168 | €11,261 | €289 | ▼ 97.4% |
| Operating cash flow (approximation) | €5,562 | €14,681 | -€18,417 | -€2,371 | €16,381 | ▲ 791% |
| Investment in fixed assets (approximation) | - | €71,192 | €36,257 | -€52,531 | €42,017 | ▲ 180% |
| Change in cash | - | €410,722 | -€277,725 | €58,854 | €258,309 | ▲ 339% |
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
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €16,092
Net result €16,092 after 2 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€19,585
Net result drops to -€19,585, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 3.69
Current ratio from 1.50 to 3.69; short-term debt falls from €982,055 to €178,571.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 3.72
Current ratio from 1.35 to 3.72; short-term debt falls from €510,326 to €190,692.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mechelen · 1 establishment unit since 2013
Ground area
151 m²
Building footprint
105 m²
Volume, LiDAR
725 m³
Parcel 12404F0582/00K004, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Stuivenbergbaan 31, 2800 Mechelen
since 20132.219.950.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404F0582/00K004 | Flanders | 151 m² | 1 · 105 m² | 10.3 m · 2 fl. |
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.
Similar companies · same sector, comparable size
ROPEC
BE 1002.253.488
Oosterzele · Eq €77,449
URBINA
BE 0897.727.476
Elsene · Eq €77,453
Glo-Construct
BE 0775.846.679
Antwerpen · Eq €77,511
FABRIBAU
BE 0660.991.553
Visé · Eq €77,519
VABRA
BE 0438.177.308
Middelkerke · Eq €77,360
Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 5,253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
31009Manufacture of furniture
41001General construction of residential buildings
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.