BACKX
ActiveSummary
BACKX has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €1.2m. Equity is shrinking by about 6.7% per year across the filed financial years. Its solvency ranks better than 43% of 378 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 20.8 FTE
- Equity
- €2.4m
- Profit
- €1.2m
- Parent
- Immo GS · 99.2%
Why 95lowers riskFounded in 1996Size: 20.8 FTE, total assets €6.4mLiquidity: current ratio 1.05, cash €1.4mProfit of €1.2m (financial year 2025)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, small): better than 46% on solvency, 62% on liquidity, 87% on profitability and 48% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 29 days before the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Equity above €2mequity €2.2m ▲24.7%
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 20% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 42, Civil engineering: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,136 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.01m | €0.05m | €0.09m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €1.5m | €1.7m | €1.8m | €1.8m | €1.8m | ▲ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.6m | €0.7m | €0.7m | €0.6m | €0.6m | €0.5m | €0.6m | €0.8m | ▲ 22.4% |
| Other operating charges640/8 | - | - | - | €0.04m | €0.03m | €0.04m | €0.03m | €0.02m | ▼ 25.7% |
| Non-recurring operating charges66A | - | - | - | €0.004m | - | - | - | - | - |
| Gross operating margin9900 | €3.9m | €3.9m | €4.2m | €4.0m | €3.8m | €4.3m | €4.4m | €4.2m | ▼ 4.9% |
| Operating profit (loss)9901 | €1.8m | €1.7m | €1.9m | €1.8m | €1.5m | €2.0m | €2.0m | €1.6m | ▼ 20.1% |
| Financial income75/76B | - | - | - | €0.002m | €0.005m | €0.02m | €0.02m | €0.05m | ▲ 151% |
| Recurring financial income75 | €42 | €121 | €436 | €0.002m | €0.005m | €0.02m | €0.02m | €0.05m | ▲ 151% |
| Financial charges65/66B | - | - | - | €0.01m | €0.01m | €0.05m | €0.07m | €0.09m | ▲ 20.6% |
| Recurring financial charges65 | €0.03m | €0.01m | €0.01m | €0.01m | €0.01m | €0.05m | €0.07m | €0.09m | ▲ 20.6% |
| Profit (loss) for the period before taxes9903 | €1.8m | €1.7m | €1.8m | €1.8m | €1.5m | €2.0m | €1.9m | €1.5m | ▼ 19.7% |
| Transfer from deferred taxes780 | - | - | - | €0.03m | €0.03m | €112 | €0.008m | €0 | ▼ 100% |
| Income taxes67/77 | €0.3m | €0.5m | €0.6m | €0.5m | €0.3m | €0.5m | €0.5m | €0.4m | ▼ 22.7% |
| Profit (loss) for the period9904 | €1.3m | €1.2m | €1.3m | €1.3m | €1.2m | €1.5m | €1.4m | €1.2m | ▼ 19.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.09m | €0.09m | €337 | €0.02m | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €0.9m | €1.3m | €1.4m | €1.4m | €1.3m | €1.5m | €1.5m | €1.2m | ▼ 20.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.9m | €6.4m | €5.6m | €5.8m | €6.1m | €5.6m | €7.1m | €6.4m | ▼ 9.7% |
| Fixed assets21/28 | €3.1m | €3.3m | €2.9m | €2.7m | €2.9m | €2.0m | €2.7m | €2.9m | ▲ 8.9% |
| Tangible fixed assets22/27 | €3.1m | €3.3m | €2.9m | €2.7m | €2.9m | €2.0m | €2.7m | €2.9m | ▲ 9.0% |
| Land and buildings22 | - | - | - | €1.4m | €1.3m | €0.02m | €0.08m | €0.1m | ▲ 21.6% |
| Plant, machinery and equipment23 | - | - | - | €0.5m | €1.0m | €1.4m | €1.1m | €1.5m | ▲ 31.6% |
| Furniture and vehicles24 | - | - | - | €0.7m | €0.5m | €0.6m | €1.4m | €1.3m | ▼ 10.0% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €3.9m | €3.1m | €2.7m | €3.1m | €3.2m | €3.6m | €4.5m | €3.5m | ▼ 20.9% |
| Stocks and contracts in progress3 | €0.4m | €0.4m | €0.5m | €0.5m | €0.8m | €0.7m | €0.9m | €1.0m | ▲ 10.3% |
| Stocks30/36 | - | - | - | €0.5m | €0.8m | €0.7m | €0.9m | €1.0m | ▲ 10.3% |
| Amounts receivable within one year40/41 | €1.8m | €1.3m | €0.9m | €1.0m | €1.0m | €1.2m | €0.9m | €1.1m | ▲ 28.4% |
| Trade receivables40 | - | - | - | €0.9m | €0.8m | €1.0m | €0.7m | €0.9m | ▲ 36.3% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.2m | €0.3m | €0.2m | €0.2m | ▲ 0.5% |
| Current investments50/53 | - | - | - | - | €0.7m | €0.7m | €1.0m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.9m | €1.4m | €1.3m | €1.5m | €0.6m | €0.9m | €1.7m | €1.4m | ▼ 16.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.1m | €0.02m | €0.02m | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.9m | €6.4m | €5.6m | €5.8m | €6.1m | €5.6m | €7.1m | €6.4m | ▼ 9.7% |
| Equity10/15 | €3.8m | €3.2m | €3.0m | €3.1m | €3.1m | €1.8m | €2.2m | €2.4m | ▲ 7.3% |
| Contributions10/11 | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.09m | €0.09m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.09m | €0.09m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €3.7m | €3.1m | €3.0m | €3.0m | €3.0m | €1.7m | €2.1m | €2.3m | ▲ 7.5% |
| Non-distributable reserves130/1 | - | - | - | €0.009m | €0.009m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.009m | €0.009m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.05m | €0.03m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €2.9m | €2.9m | €1.7m | €2.1m | €2.3m | ▲ 7.5% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.2m | €0.1m | €0.09m | €0.05m | €0.02m | €0.01m | €0.002m | €0.002m | = |
| Deferred taxes168 | - | - | - | €0.05m | €0.02m | €0.01m | €0.002m | €0.002m | = |
| Amounts payable17/49 | €3.0m | €3.1m | €2.4m | €2.6m | €3.1m | €3.9m | €4.9m | €4.1m | ▼ 17.3% |
| Amounts payable after more than one year17 | €0.8m | €0.7m | €0.4m | €0.2m | €0.1m | €0.09m | €0.4m | €0.7m | ▲ 96.5% |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | €0.09m | €0.4m | €0.7m | ▲ 96.5% |
| Amounts payable within one year42/48 | €2.2m | €2.4m | €2.1m | €2.4m | €2.9m | €3.8m | €4.6m | €3.3m | ▼ 26.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.09m | €0.06m | €0.1m | €0.3m | ▲ 110% |
| Financial debts43 | - | - | - | - | - | - | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | - | - | €0 | - | - |
| Trade debts44 | €0.09m | €0.2m | €0.1m | €0.1m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 46.1% |
| Suppliers440/4 | - | - | - | €0.1m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 46.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 7.3% |
| Taxes450/3 | - | - | - | €0.04m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 2.5% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 8.2% |
| Other amounts payable47/48 | - | - | - | €1.9m | €2.4m | €3.4m | €4.0m | €2.8m | ▼ 30.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0.01m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €1.2m | €1.3m | €1.3m | €1.2m | €1.5m | €1.4m | €1.2m | ▼ 19.2% |
| + Depreciation and write-downs630 | €0.6m | €0.7m | €0.7m | €0.6m | €0.6m | €0.5m | €0.6m | €0.8m | ▲ 22.4% |
| Operating cash flow (approximation) | €1.9m | €1.9m | €2.0m | €1.9m | €1.8m | €2.0m | €2.1m | €1.9m | ▼ 6.5% |
| Investment in fixed assets (approximation) | - | -€1.0m | -€0.2m | -€0.4m | -€0.9m | €0.4m | -€1.3m | -€1.0m | ▲ 21.4% |
| Change in cash | - | €0.5m | -€0.08m | €0.2m | -€0.9m | €0.3m | €0.8m | -€0.3m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 24-07-2026 | 2026-00329172 |
| 31-12-2024 | abbreviated format | 17-07-2025 | 2025-00288281 |
| 31-12-2023 | abbreviated format | 08-07-2024 | 2024-00227583 |
| 31-12-2022 | abbreviated format | 19-06-2023 | 2023-00136672 |
| 31-12-2021 | abbreviated format | 27-06-2022 | 2022-20140841 |
| 31-12-2020 | abbreviated format | 25-06-2021 | 2021-24600474 |
| 31-12-2019 | abbreviated format | 16-06-2020 | 2020-17400318 |
| 31-12-2018 | abbreviated format | 04-07-2019 | 2019-28600081 |
| 31-12-2017 | abbreviated format | 26-06-2018 | 2018-24100078 |
| 31-12-2016 | abbreviated format | 07-07-2017 | 2017-29000363 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €67,364 awarded · €66,393 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €30,393 | €29,907 |
| 2024 | 3 | €15,826 | €16,337 |
| 2023 | 2 | €20,252 | €19,256 |
| 2022 | 1 | €893 | €893 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Gwen Backx |
|
Owners and capital
Owners
1 ownerChain of control
- Immo GS
- BACKX
Highest known parent: Immo GS. The sources do not say who stands above it.
Owners 1
-
99.2%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- IMMO GS (BE 0604.995.532) 248 shares · 99.2%
- Gwen Backx 2 shares · 0.8%
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 13-03-2024 Capital reduction of €38,235.19 · to €48,764.81
- 13-03-2024 Capital increase of €12,735.19 · to €61,500 · no new shares · from reserves
- 03-07-2023 Capital stated in the deed · 250 shares
Group and network
Connections & network
1 office holderThe network starts from this company’s directors. Other companies they run appear here as nodes.
Acquisitions and mergers
2 transactionsHistory
Acts, filings and financial milestones
23-10
Gazette deed
Appointment: Gwen Backx (managing director)2 facts ▸
- Board meeting, 06-08-2024
- Director appointment, Gwen Backx (managing director)
13-03
Gazette deed
Capital & shares · RestructuringDemerger · Auditor report · Accounting effect23 facts ▸
- General meeting, 27-12-2023 (2 times)
- Demerger, “partiële splitsing door overneming, bestuursorganen van de vennootschappen,betrokken in deze partiële splitsing” (deed in Dutch)
- Auditor report, “Antwerpen, geen bevindingen van materieel belang” (deed in Dutch)
- Other provision, “kennisname en goedkeuring verslagen inbreng in natura, artikel 5:121 juncto 5:133 WVV” (deed in Dutch)
- Other provision, “publicatie van het partieel splitsingsvoorstel, mededelingen belangrijke wijzigingen activa en passiva sedert partieel splitsingsvoorstel” (deed in Dutch)
- Demerger, “goedkeuring van de buitengewone algemene vergadering van beide vennootschappen, partiële splitsing door overneming” (deed in Dutch)
- Accounting effect, 01-01-2023
- Other provision, “volle eigendom,genot,lasten”, 01-01-2023 (deed in Dutch)
- Other provision, “archiefstukken ingebrachte bestanddelen, zetel van de VERKRIJGENDE VENNOOTSCHAP” (deed in Dutch)
- Other provision, “activa en passiva en daaraan verbonden rechten en verplichtingen, beschrijving afgesplitste vermogen-rechtsovergang” (deed in Dutch)
- Other provision, “opleg in geld” (deed in Dutch)
- Other provision, “wijze van uitreiking nieuwe aandelen, aandeelhoudersregister” (deed in Dutch)
- +11 further facts in this act
03-07
Gazette deed
RestructuringShareholding · Board composition · Demerger31 facts ▸
- Shareholding, “ogenblik van de partiële splitsing”, 99.2 (deed in Dutch)
- Other provision, “uitgifte nieuwe aandelen in IMMO GS, ten belope van het aandelenbezit dat IMMO GS op het ogenblik van de partiële splitsing aanhoudt in BACKX” (deed in Dutch)
- Board composition, Gwen Backx (director)
- Board composition, René Backx (director)
- Board composition, Gwen Backx (sole director)
- Demerger, “partiële splitsing door overneming, partiële splitsing door overneming” (deed in Dutch)
- Shareholding, “ogenblik waarop besluit tot partiële splitsing wordt genomen”, 248 (deed in Dutch)
- Shareholding, “ogenblik waarop besluit tot partiële splitsing wordt genomen”, 2 (deed in Dutch)
- Capital (2 times)
- Shareholding, “ogenblik waarop besluit tot partiële splitsing wordt genomen”, 25058 (deed in Dutch)
- Other provision, “wijze van uitreiking nieuwe aandelen, onmiddellijk na verlijden notariële akte houdende besluit tot partiële splitsing” (deed in Dutch)
- Other provision, “winstdeelname nieuwe aandelen, winst uit handelingen Partieel te Splitsen Vennootschap vanaf 2023-01-01 geacht voor rekening Verkrijgende Vennootschap” (deed in Dutch)
- +19 further facts in this act
Show earlier events
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0459.230.563
Recognitions · licences · registrations
Recognised contractor
1 category- G1 Drilling, probing and injectionclass 5, up to €2,172,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11043D0671/00K000 | Flanders | 1.1 ha | 1 · 2,400 m² | 12.4 m · 3 |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “Hoevesmederij en smederij; Leveren en plaatsen van regeninstallaties; Onderneming voor grondwerken,boringen,peilingen en uitdiepingen…” (deed in Dutch)deed of 03-07-2023
8 activities (deed in Dutch)
- Hoevesmederij en smederij
- Leveren en plaatsen van regeninstallaties
- Onderneming voor grondwerken,boringen,peilingen en uitdiepingen
- Metaalconstructie
- Montage van metalen constructies,bruggen en vakwerk
- Onderneming voor draineringswerken
- Onderneming voor grondwaterpeilverlaging-bronbemaling
- Onderneming voor funderingswerken en paalfunderingen
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 23-10-2024
Read from the deeds: 2 provisions, deed of 23-10-2024