Financials
- Fiscal year
- 2024
- Total assets
- €84,653
- Profit
- €7,681
- Solvency
- 48.0%
Total assets▲ 13.8%
Net result
20192024
BACKCOUNTRY
ActiveSummary
The computed 12-month bankruptcy probability of BACKCOUNTRY is 3.2% (moderate). The 2024 annual accounts show equity of €40,643 and a net result of €7,681. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 52% of 36365 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
How big
€84,653total assets 2024
- Equity
- €40,643
- Profit
- €7,681
Turnover not published (abridged schema)
Who decides
Accounts 63 d overdue0 of 3 deeds read
Why 51- Figures for FY 2024 (filed 28-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 89 days late; 3 of the last 3 late- Size: total assets €84,653+ Liquidity: current ratio 1.70, cash €19,985Show the evidence
Checked score
Score 2024
51
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 60% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
73+4
equity 48.0% of total assets
Liquidity
59+2
short-term debt 42.3% · cash 23.6%
Profitability
80+3
return on assets 9.1%
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
- Figures for FY 2024 (filed 28-10-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 89 days late; 3 of the last 3 late raises the probability
- Liquidity: current ratio 1.70, cash €19,985 lowers the probability
- Size: total assets €84,653 raises the probability for this profile
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.73 in 2023; short-term debt: 42.3% and cash: 23.6% of total assets), but 52% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 52%, liquidity 57%, profitability 60%, growth against the median 70%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
89 d late
2023
71 d late
2022
61 d late
2021
122 d late
2021
30 d late
2020
60 d late
← 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 72 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Annual accounts filedfiscal year 2022 · micro…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2018
- 28-10-2025Annual accounts filed
- 10-10-2024Annual accounts filed
- 30-09-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 20-04-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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