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BABK

Active
Private limited companyfounded 20233 yrs activeWalstraat 1, 9402 Ninove, BelgiumKBO/BCE: BE 0804.940.048
Summary

The computed 12-month bankruptcy probability of BABK is 6.0% (elevated). The 2024 annual accounts show negative equity (-€10,381) and a net result of -€23,630. Its solvency ranks better than 8% of 1308 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-40
Solvency0▼-85
Growth32
Track record94
Bankruptcy probability, 12 months
6.0% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 2.51 in 2023; short-term debt: 157.8% and cash: 2.4% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
-57.8%
Return on assets
-131.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2324
2023 to 2024 · latest year -€10,381
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
119 d late
2023
42 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BABK was incorporated on 21 August 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€10,381
2023 · €13,249
Total assets
€17,962▼ 18.7%
2023 · €22,090
Net result
-€23,630
2023 · €249
Working capital
-€10,381
2023 · €13,288
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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
Line20232024
Operating result€363--€22,813
Net result€249within the sector's middle half--€23,630below the sector's middle half
Equity€13,249within the sector's middle half--€10,381below the sector's middle half
Total assets€22,090below the sector's middle half-€17,962below the sector's middle half▼ 18.7%
Debt€8,841-€28,343▲ 221%
Working capital€13,288within the sector's middle half--€10,381within the sector's middle half
Solvency60.0%within the sector's middle half--57.8%below the sector's middle half▼ 117.8pp
Current ratio2.51within the sector's middle half-0.63below the sector's middle half▼ 1.88
Return on assets (ROA)1.1%within the sector's middle half--131.6%below the sector's middle half▼ 132.7pp
Staff (FTE)0.4
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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
-€30,000-€20,000-€10,000€0Operating result 2023: €363€363Net result 2023: €249€249Operating result 2024: -€22,813-€22,813Net result 2024: -€23,630-€23,63020232024-€30,000-€20,000-€10,000€0Operating result 2023: €363€363Net result 2023: €249€249Operating result 2024: -€22,813-€22,800Net result 2024: -€23,630-€23,60020232024
The operating result turns negative in 2024: a loss of €22,813 after €363 in 2023.
Key figures and ratios
2024 value · change against 2023
Debt to equity
-2.73▼
2023 · 0.67
Debt ≤ 1 year
€28,343▲
2023 · €8,802
Staff costs
€12,066
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.3% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 6.0% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 7,657 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€22,090€17,962▼
Current assets29/58€22,090€17,962▼
Amounts receivable within one year40/41€9,341€17,250▲
Trade receivables40€9,341€17,250▲
Cash at bank and in hand54/58€11,932€433▼
Deferred charges and accrued income490/1€817€279▼
Equity and liabilities
Total equity and liabilities10/49€22,090€17,962▼
Equity10/15€13,249-€10,381▼
Contributions10/11€13,000€13,000=
Profit (loss) carried forward14€249-€23,381▼
Amounts payable17/49€8,841€28,343▲
Amounts payable within one year42/48€8,802€28,343▲
Trade debts44€2,061€12,729▲
Suppliers440/4€2,061€12,729▲
Taxes, remuneration and social security45€6,293€14,969▲
Taxes450/3€4,293€3,500▼
Remuneration and social security454/9€2,000€11,469▲
Other amounts payable47/48€448€645▲
Accrued charges and deferred income492/3€39-
Income statement Code20232024
Remuneration, social security and pensions62-€12,066
Other operating charges640/8€775€4,765▲
Gross operating margin9900€1,138-€5,982▼
Operating profit (loss)9901€363-€22,813▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€15€818▲
Recurring financial charges65€15€818▲
Profit (loss) for the period before taxes9903€348-€23,630▼
Income taxes67/77€99-
Profit (loss) for the period9904€249-€23,630▼
Profit (loss) for the period to be appropriated9905€249-€23,630▼
Appropriation of the result
Profit (loss) to be appropriated9906€249-€23,381▼
Profit (loss) brought forward from the previous period14P-€249

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62-€12,066-
Other operating charges640/8€775€4,765▲ 515%
Gross operating margin9900€1,138-€5,982▼ 626%
Operating profit (loss)9901€363-€22,813▼ 6,385%
Financial income75/76B-€1-
Recurring financial income75-€1-
Financial charges65/66B€15€818▲ 5,353%
Recurring financial charges65€15€818▲ 5,353%
Profit (loss) for the period before taxes9903€348-€23,630▼ 6,890%
Income taxes67/77€99--
Profit (loss) for the period9904€249-€23,630▼ 9,590%
Profit (loss) for the period to be appropriated9905€249-€23,630▼ 9,590%
Line20232024Change
Assets
Total assets20/58€22,090€17,962▼ 18.7%
Current assets29/58€22,090€17,962▼ 18.7%
Amounts receivable within one year40/41€9,341€17,250▲ 84.7%
Trade receivables40€9,341€17,250▲ 84.7%
Cash at bank and in hand54/58€11,932€433▼ 96.4%
Deferred charges and accrued income490/1€817€279▼ 65.9%
Equity and liabilities
Total equity and liabilities10/49€22,090€17,962▼ 18.7%
Equity10/15€13,249-€10,381▼ 178%
Contributions10/11€13,000€13,000=
Profit (loss) carried forward14€249-€23,381▼ 9,490%
Amounts payable17/49€8,841€28,343▲ 221%
Amounts payable within one year42/48€8,802€28,343▲ 222%
Trade debts44€2,061€12,729▲ 518%
Suppliers440/4€2,061€12,729▲ 518%
Taxes, remuneration and social security45€6,293€14,969▲ 138%
Taxes450/3€4,293€3,500▼ 18.5%
Remuneration and social security454/9€2,000€11,469▲ 473%
Other amounts payable47/48€448€645▲ 44.0%
Accrued charges and deferred income492/3€39--
Line20232024Change
Profit (loss) for the period9904€249-€23,630▼ 9,590%
Operating cash flow (approximation)€249-€23,630▼ 9,590%
Change in cash--€11,499-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
27-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
2024
19-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Ninove · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
624 m²
Building footprint
150 m²
Volume, LiDAR
735 m³
Parcel 41038D0001/00A000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BABK
Walstraat 1, 9402 NinoveFreight transport by road
since 20232.349.396.814
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41038D0001/00A000 Flanders 624 m² 1 · 150 m² 8.0 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.

Recognitions · licences · registrations

Parcel delivery

Notified to the BIPT
since 22-05-2024

Similar companies · same sector, comparable size

Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 737 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
Founded21-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
53200Other postal and courier activities
49200Land transport and transport via pipelines
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:0804940048
Also 9925:BE0804940048
Registered 09-04-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.