Baconik
ActiveSummary
Baconik has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of €2.5m. Equity is growing by ~8.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+23
Solvency79▼-6
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
Liquidity ample (current ratio 5.32 against 1.71 in 2024; short-term debt: 8.9% and cash: 0.5% of total assets), and 46.2% of the assets are financed with debt.
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Signals
Five 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
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
53.8%
Return on assets
58.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
164 d early
2023
on the day
2022
9 d early
2021
20 d late
2020
30 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 9 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.5m▲ 303%
2024 · €611,986
Working capital
€1.6m▲ 306%
2024 · €402,233
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€177,735€188,148▲ 5.9%€493,002▲ 162%€943,788▲ 91.4%€3.4m▲ 258%
Net result€38,157€62,934▲ 64.9%€256,936▲ 308%€611,986▲ 138%€2.5m▲ 303%
Equity€3.7m▲ 1.0%€3.7m▲ 1.7%€5.5m▲ 47.6%€5.8m▲ 5.8%€2.3m▼ 61.0%
Total assets€9.3m▼ 3.1%€8.8m▼ 5.5%€10.3m▲ 17.1%€9.7m▼ 5.9%€4.2m▼ 56.5%
Debt€5.4m▼ 5.2%€4.9m▼ 10.0%€4.2m▼ 13.0%€3.4m▼ 20.5%€1.4m▼ 59.3%
Working capital-€458,635▼ 11.2%-€470,664▼ 2.6%€229,997€402,233▲ 74.9%€1.6m▲ 306%
Staff (FTE)0▼ 100%0
Why a figure moved sharply
- 2025 Net result +303% on 2024. This fiscal year ran 14 months, the previous one 12. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 258% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€2.2m ▼ 74.7%
Current assets
€2.0m ▲ 108%
Equity and liabilities €4.2m
Equity
€2.3m ▼ 61.0%
Provisions
€575,774 ▲ 14.5%
Debt
€1.4m ▼ 59.3%
Debt's share of the balance-sheet total falls from 34.8% to 32.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3.6m▲
2024 · €1.5m
Cash flow
€2.7m▲
2024 · €1.2m
Current ratio
5.32▲
2024 · 1.71
Debt to equity
0.60▲
2024 · 0.58
ROE
108.4%▲
2024 · 10.5%
ROA
58.3%▲
2024 · 6.3%
Interest coverage
66.54▲
2024 · 12.81
Debt ≤ 1 year
€378,207▼
2024 · €564,512
Debt > 1 year
€984,082▼
2024 · €2.7m
Income taxes
€784,963▲
2024 · €276,739
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 20,082 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €77,276 | - | - | - | €2.9m | - |
| Remuneration, social security and pensions62 | €109,800 | €87,075 | €87,200 | €96,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €786,731 | €669,606 | €1.0m | €605,350 | €218,974 | ▼ 63.8% |
| Other operating charges640/8 | €58,357 | €84,707 | €106,539 | €115,080 | €147,800 | ▲ 28.4% |
| Gross operating margin9900 | €1.1m | €1.0m | €1.7m | €1.8m | €3.7m | ▲ 113% |
| Operating profit (loss)9901 | €177,735 | €188,148 | €493,002 | €943,788 | €3.4m | ▲ 258% |
| Financial income75/76B | €1,540 | - | €2,562 | €0 | €2,217 | ▲ 22,169,900% |
| Recurring financial income75 | €1,540 | - | €2,562 | €0 | €2,217 | ▲ 22,169,900% |
| Financial charges65/66B | €105,140 | €100,905 | €144,734 | €120,958 | €54,033 | ▼ 55.3% |
| Recurring financial charges65 | €105,140 | €100,905 | €144,592 | €120,958 | €54,033 | ▼ 55.3% |
| Non-recurring financial charges66B | - | - | €142 | - | - | - |
| Profit (loss) for the period before taxes9903 | €74,135 | €87,243 | €350,830 | €822,831 | €3.3m | ▲ 304% |
| Transfer from deferred taxes780 | €39,415 | €35,956 | €143,910 | €65,894 | €473,887 | ▲ 619% |
| Transfer to deferred taxes680 | - | - | - | - | €546,847 | - |
| Income taxes67/77 | €75,393 | €60,265 | €237,803 | €276,739 | €784,963 | ▲ 184% |
| Profit (loss) for the period9904 | €38,157 | €62,934 | €256,936 | €611,986 | €2.5m | ▲ 303% |
| Transfer from tax-exempt reserves789 | €134,570 | €129,101 | €453,558 | €219,512 | €1.5m | ▲ 594% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €1.6m | - |
| Profit (loss) for the period to be appropriated9905 | €172,727 | €192,035 | €710,494 | €831,498 | €2.4m | ▲ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.3m | €8.8m | €10.3m | €9.7m | €4.2m | ▼ 56.5% |
| Fixed assets21/28 | €9.1m | €8.7m | €9.5m | €8.8m | €2.2m | ▼ 74.7% |
| Tangible fixed assets22/27 | €9.1m | €8.7m | €9.5m | €8.8m | €2.2m | ▼ 74.7% |
| Land and buildings22 | €8.2m | €7.9m | €8.6m | €8.1m | €2.1m | ▼ 74.3% |
| Plant, machinery and equipment23 | €855,295 | €708,475 | €801,096 | €602,128 | €130,416 | ▼ 78.3% |
| Furniture and vehicles24 | €42,900 | €27,631 | €17,045 | €6,227 | €397 | ▼ 93.6% |
| Other tangible fixed assets26 | €80,096 | €69,717 | €47,059 | €35,336 | - | - |
| Current assets29/58 | €191,812 | €94,932 | €838,705 | €966,745 | €2.0m | ▲ 108% |
| Amounts receivable after more than one year29 | - | - | - | - | €1.7m | - |
| Trade receivables290 | - | - | - | - | €1.7m | - |
| Amounts receivable within one year40/41 | €11,737 | €12,735 | - | €500,872 | €307,365 | ▼ 38.6% |
| Trade receivables40 | €850 | - | - | €500,872 | €57,365 | ▼ 88.5% |
| Other amounts receivable41 | €10,887 | €12,735 | - | - | €250,000 | - |
| Current investments50/53 | €8 | €8 | €8 | €8 | €5 | ▼ 40.0% |
| Cash at bank and in hand54/58 | €167,906 | €46,209 | €808,553 | €463,895 | €21,089 | ▼ 95.5% |
| Deferred charges and accrued income490/1 | €12,161 | €35,980 | €30,143 | €1,970 | €265 | ▼ 86.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.3m | €8.8m | €10.3m | €9.7m | €4.2m | ▼ 56.5% |
| Equity10/15 | €3.7m | €3.7m | €5.5m | €5.8m | €2.3m | ▼ 61.0% |
| Contributions10/11 | €490,829 | €490,829 | €490,829 | €200,000 | €200,000 | = |
| Capital10 | €490,829 | €490,829 | €490,829 | €200,000 | €200,000 | = |
| Issued capital100 | €495,787 | €495,787 | €495,787 | €200,000 | €200,000 | = |
| Uncalled capital101 | €4,958 | €4,958 | €4,958 | - | - | - |
| Reserves13 | €964,837 | €835,736 | €1.9m | €1.7m | €1.8m | ▲ 6.9% |
| Non-distributable reserves130/1 | €51,314 | €51,314 | €51,314 | €51,314 | €51,314 | = |
| Legal reserve130 | €49,579 | €49,579 | €49,579 | €49,579 | €49,579 | = |
| Reserves not available under the articles1311 | - | - | €1,736 | €1,736 | €1,735 | = |
| Other1319 | €1,735 | €1,735 | - | - | - | - |
| Tax-exempt reserves132 | €900,260 | €771,159 | €1.8m | €1.6m | €1.7m | ▲ 7.2% |
| Distributable reserves133 | €13,263 | €13,263 | €13,263 | €13,263 | €13,263 | = |
| Profit (loss) carried forward14 | €2.2m | €2.4m | €3.1m | €4.0m | €275,310 | ▼ 93.0% |
| Provisions and deferred taxes16 | €241,476 | €205,520 | €568,709 | €502,815 | €575,774 | ▲ 14.5% |
| Provisions for liabilities and charges160/5 | - | - | €568,709 | €502,815 | - | - |
| Environmental obligations163 | - | - | €568,709 | €502,815 | - | - |
| Deferred taxes168 | €241,476 | €205,520 | - | - | €575,774 | - |
| Amounts payable17/49 | €5.4m | €4.9m | €4.2m | €3.4m | €1.4m | ▼ 59.3% |
| Amounts payable after more than one year17 | €4.7m | €4.2m | €3.5m | €2.7m | €984,082 | ▼ 63.5% |
| Financial debts170/4 | €4.7m | €4.2m | €3.5m | €2.7m | €984,082 | ▼ 63.5% |
| Amounts payable within one year42/48 | €650,447 | €565,596 | €608,708 | €564,512 | €378,207 | ▼ 33.0% |
| Current portion of amounts payable after more than one year42 | €623,426 | €537,858 | €541,361 | €552,891 | €220,574 | ▼ 60.1% |
| Trade debts44 | €7,021 | €7,738 | €8,894 | €4,881 | €54,132 | ▲ 1,009% |
| Suppliers440/4 | €7,021 | €7,738 | €8,894 | €4,881 | €54,132 | ▲ 1,009% |
| Taxes, remuneration and social security45 | - | - | €57,803 | €6,739 | €85,410 | ▲ 1,167% |
| Taxes450/3 | - | - | €57,803 | €6,739 | €85,410 | ▲ 1,167% |
| Other amounts payable47/48 | €20,000 | €20,000 | €650 | - | €18,091 | - |
| Accrued charges and deferred income492/3 | €93,112 | €136,078 | €146,707 | €116,726 | €14,008 | ▼ 88.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,157 | €62,934 | €256,936 | €611,986 | €2.5m | ▲ 303% |
| + Depreciation and write-downs630 | €786,731 | €669,606 | €1.0m | €605,350 | €218,974 | ▼ 63.8% |
| Operating cash flow (approximation) | €824,888 | €732,540 | €1.3m | €1.2m | €2.7m | ▲ 121% |
| Investment in fixed assets (approximation) | - | -€250,344 | -€1.8m | €136,797 | €6.3m | ▲ 4,519% |
| Change in cash | - | -€121,697 | €762,344 | -€344,658 | -€442,806 | ▼ 28.5% |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €2.5m ▲303%
Operating result €3.4m, net result €2.5m, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.32
Current ratio from 1.71 to 5.32; short-term debt falls from €564,512 to €378,207.
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-10
Financial
Liquidity times 8current ratio 1.38
Current ratio from 0.17 to 1.38.
31-10
Financial
Equity above €5mEq €5.5m ▲47.6%
3 profitable years in a row build equity to €5.5m.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 20 days late
2021
31-10
Financial
Back to profitnet €38,157
Net result €38,157 after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
Show earlier events
2019
31-10
Financial
Weakest financial yearnet -€705,797
Net result drops to -€705,797, the lowest in the series; recovery starts the following year.
31-10
Financial
Liquidity times 5current ratio 1.73
Current ratio from 0.37 to 1.73.
30-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-05
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 6 acts read
About the unread acts
We know of 6 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
6 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, Gent · 1 establishment unit since 1965
Ground area
162 m²
Building footprint
82 m²
Volume, LiDAR
966 m³
Parcel 44808H0260/02C005, Flanders · tallest building 15.2 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Citadellaan 20, 9000 Gent
since 19652.000.644.992
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0260/02C005 | Flanders | 162 m² | 1 · 82 m² | 15.2 m · 5 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.
Structure & network
Part of the group
IDIV
13 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Lindenford
- Iminvest
- Baconik
Highest known parent: Lindenford. The sources do not say who stands above it.
Owners 1
- IminvestparentSourceaccounts Iminvest 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded12-11-1965
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405314597
Registered
27-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.