BAASMODE
ActiveSummary
BAASMODE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€66,933) and a net result of €8,813. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 6% of 4209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59=
Solvency0=
Growth57=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.71 against 0.75 in 2024; short-term debt: 135.1% and cash: 19.1% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 · 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
Solvency
-35.1%
Return on assets
4.6%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 4209 sector peers (2025).
NBB · sector comparisonPosition among 4209 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 30-09-2025, 30 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 · 10 filingsDeviation from the deadline
2026
not confirmed
2025
30 d late
2024
53 d early
2023
7 d early
2022
79 d early
2021
4 d early
2020
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 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 (1)
History
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Financials · fiscal year 2025, full schema
Turnover
€532,107▼ 6.5%
2024 · €568,795
EBIT margin
1.6%▲ 0.1pp
2024 · 1.5%
Net result
€8,813▼ 12.8%
2024 · €10,103
Working capital
-€75,685▲ 11.6%
2024 · -€85,624
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
Turnover€461,284▼ 32.7%€566,358▲ 22.8%€617,061▲ 9.0%€568,795▼ 7.8%€532,107▼ 6.5%
Operating result€47,572€23,590▼ 50.4%€25,037▲ 6.1%€8,717▼ 65.2%€8,745▲ 0.3%
Net result€45,030€24,986▼ 44.5%€27,655▲ 10.7%€10,103▼ 63.5%€8,813▼ 12.8%
EBIT margin10.3%▲ 14.8pp4.2%▼ 6.1pp4.1%▼ 0.1pp1.5%▼ 2.5pp1.6%▲ 0.1pp
Equity-€138,491▲ 24.5%-€113,504▲ 18.0%-€85,849▲ 24.4%-€75,746▲ 11.8%-€66,933▲ 11.6%
Total assets€384,498▼ 1.0%€335,594▼ 12.7%€294,330▼ 12.3%€261,604▼ 11.1%€190,472▼ 27.2%
Debt€522,989▼ 8.6%€449,099▼ 14.1%€380,179▼ 15.3%€337,350▼ 11.3%€257,405▼ 23.7%
Working capital-€148,442▲ 27.0%-€122,709▲ 17.3%-€92,259▲ 24.8%-€85,624▲ 7.2%-€75,685▲ 11.6%
Staff (FTE)2.4▼ 4.0%1.7▼ 29.2%1.7=1.5▼ 11.8%1.2▼ 20.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €190,472
Fixed assets
€8,752 ▼ 11.4%
Current assets
€181,720 ▼ 27.8%
Key figures and ratios
EBITDA
€11,242▼
2024 · €12,445
Cash flow
€11,310▼
2024 · €13,831
Solvency
-35.1%▼
2024 · -29.0%
Current ratio
0.71▼
2024 · 0.75
Quick ratio
0.21▲
2024 · 0.06
Debt to equity
-3.85▲
2024 · -4.45
ROA
4.6%▲
2024 · 3.9%
Interest coverage
5.96▼
2024 · 6.30
Debt ≤ 1 year
€257,405▼
2024 · €337,350
Income taxes
€389▲
2024 · €375
Staff costs
€29,188▼
2024 · €49,951
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,447 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 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% | 1.6% |
| 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 74% 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 1,447 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €461,284 | €566,358 | €617,061 | €568,795 | €532,107 | ▼ 6.5% |
| Non-recurring operating income76A | - | - | - | €2,078 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €493,949 | €531,286 | €510,910 | €493,200 | ▼ 3.5% |
| Remuneration, social security and pensions62 | - | €48,996 | €59,942 | €49,951 | €29,188 | ▼ 41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,813 | €2,640 | €2,794 | €3,728 | €2,497 | ▼ 33.0% |
| Other operating charges640/8 | - | €787 | €1,664 | €1,411 | €1,045 | ▼ 25.9% |
| Gross operating margin9900 | €100,520 | €76,013 | €89,438 | €63,806 | €41,475 | ▼ 35.0% |
| Operating profit (loss)9901 | €47,572 | €23,590 | €25,037 | €8,717 | €8,745 | ▲ 0.3% |
| Financial income75/76B | - | €3,691 | €5,161 | €3,737 | €2,343 | ▼ 37.3% |
| Recurring financial income75 | €1,221 | €3,691 | €5,161 | €3,737 | €2,343 | ▼ 37.3% |
| Financial charges65/66B | - | €2,228 | €2,186 | €1,976 | €1,886 | ▼ 4.6% |
| Recurring financial charges65 | €3,446 | €2,228 | €2,186 | €1,976 | €1,886 | ▼ 4.6% |
| Profit (loss) for the period before taxes9903 | €45,347 | €25,054 | €28,012 | €10,478 | €9,202 | ▼ 12.2% |
| Income taxes67/77 | €317 | €67 | €356 | €375 | €389 | ▲ 3.7% |
| Profit (loss) for the period9904 | €45,030 | €24,986 | €27,655 | €10,103 | €8,813 | ▼ 12.8% |
| Profit (loss) for the period to be appropriated9905 | €45,030 | €24,986 | €27,655 | €10,103 | €8,813 | ▼ 12.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €384,498 | €335,594 | €294,330 | €261,604 | €190,472 | ▼ 27.2% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €9,951 | €9,205 | €6,410 | €9,878 | €8,752 | ▼ 11.4% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €9,877 | €9,130 | €6,336 | €9,804 | €8,678 | ▼ 11.5% |
| Land and buildings22 | - | €7,461 | €5,045 | €7,952 | €6,507 | ▼ 18.2% |
| Plant, machinery and equipment23 | - | €0 | €0 | €418 | €1,349 | ▲ 223% |
| Furniture and vehicles24 | - | €1,669 | €1,291 | €1,434 | €821 | ▼ 42.7% |
| Other tangible fixed assets26 | - | - | - | €0 | - | - |
| Financial fixed assets28 | €74 | €74 | €74 | €74 | €74 | = |
| Current assets29/58 | €374,547 | €326,389 | €287,920 | €251,725 | €181,720 | ▼ 27.8% |
| Stocks and contracts in progress3 | €315,763 | €250,974 | €234,582 | €229,863 | €127,625 | ▼ 44.5% |
| Stocks30/36 | - | €250,974 | €234,582 | €229,863 | €127,625 | ▼ 44.5% |
| Amounts receivable within one year40/41 | €39,342 | €2,468 | €538 | €644 | €15,702 | ▲ 2,337% |
| Trade receivables40 | - | €2,468 | €533 | €641 | €2,396 | ▲ 274% |
| Other amounts receivable41 | - | €0 | €5 | €4 | €13,306 | ▲ 354,725% |
| Cash at bank and in hand54/58 | €17,933 | €71,123 | €50,083 | €19,109 | €36,446 | ▲ 90.7% |
| Deferred charges and accrued income490/1 | - | €1,825 | €2,717 | €2,109 | €1,947 | ▼ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €384,498 | €335,594 | €294,330 | €261,604 | €190,472 | ▼ 27.2% |
| Equity10/15 | -€138,491 | -€113,504 | -€85,849 | -€75,746 | -€66,933 | ▲ 11.6% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Capital10 | - | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Issued capital100 | - | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Reserves13 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Non-distributable reserves130/1 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Legal reserve130 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€274,891 | -€249,904 | -€222,249 | -€212,146 | -€203,333 | ▲ 4.2% |
| Amounts payable17/49 | €522,989 | €449,099 | €380,179 | €337,350 | €257,405 | ▼ 23.7% |
| Amounts payable within one year42/48 | €522,989 | €449,099 | €380,179 | €337,350 | €257,405 | ▼ 23.7% |
| Trade debts44 | €43,531 | €37,653 | €45,153 | €38,887 | €37,046 | ▼ 4.7% |
| Suppliers440/4 | - | €37,653 | €45,153 | €38,887 | €37,046 | ▼ 4.7% |
| Advances received on contracts in progress46 | - | €676 | €210 | €364 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €23,008 | €20,728 | €21,244 | €11,869 | ▼ 44.1% |
| Taxes450/3 | - | €13,897 | €11,030 | €14,017 | €7,023 | ▼ 49.9% |
| Remuneration and social security454/9 | - | €9,110 | €9,698 | €7,227 | €4,846 | ▼ 32.9% |
| Other amounts payable47/48 | - | €387,761 | €314,088 | €276,855 | €208,490 | ▼ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,030 | €24,986 | €27,655 | €10,103 | €8,813 | ▼ 12.8% |
| + Depreciation and write-downs630 | €9,813 | €2,640 | €2,794 | €3,728 | €2,497 | ▼ 33.0% |
| Operating cash flow (approximation) | €54,843 | €27,626 | €30,450 | €13,831 | €11,310 | ▼ 18.2% |
| Investment in fixed assets (approximation) | - | -€1,893 | €0 | -€7,196 | -€1,371 | ▲ 80.9% |
| Change in cash | - | €53,190 | -€21,040 | -€30,974 | €17,337 | ▲ 156% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-01
Financial
Back to profitnet €45,030
Net result €45,030 after 2 loss-making years.
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Mons · 1 establishment unit since 1987
Ground area
210 m²
Building footprint
67 m²
Volume, LiDAR
896 m³
Parcel 53053H0136/00D000, Wallonia · tallest building 17.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BAASMODE S.A.
since 19872.032.465.447
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53053H0136/00D000 | Wallonia | 210 m² | 1 · 67 m² | 17.3 m · 4 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.
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,439. 645 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-03-1987
Fiscal year end31-01
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430802041
Also
9925:BE0430802041
Registered
30-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.