Active BE 0501.870.179Public limited company

BADE EUROPE

Sprietestraat 280 ·8792 Waregem, Belgium· 13 yrs active

Sector: Groothandel in tapijten (46473)

Conclusion Checked

The computed 12-month bankruptcy probability of BADE EUROPE is 0.4% (very low). The 2025 annual accounts show equity of €4.02M and a net result of €581k. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 78% of 185 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Key figures

Equity	€4.02M
Net result	€581k
Staff (FTE)	7.6
Better than sector	78%

Snowflake analysis 5 of 5 axes measured · computed by Checked

84 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 96

Profitability 69

Solvency 99

Growth 54

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

Annual accounts: healthy financial profile −Lower-risk legal form −Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2012, 13 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

96 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 08-06-2026 with the NBB · fiscal year 2025 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~22.1%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	64.3%	42.6%	better than 78% of 185 sector peers
Net result	€581k	€159k	better than 73% of 185 sector peers
Equity	€4.02M	€1.19M	better than 72% of 185 sector peers
Staff costs	€440k	€761k	higher than 37% of 141 sector peers
Employees (FTE)	7.6	10.0	better than 45% of 137 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€9.22M

-20.4% 18-25

EBITDA

€1.44M

-28.3% 18-25

Net profit

€581k

-30.9% 18-25

Cash flow

€602k

-30.3% 18-25

Total assets

€6.25M

-2.7% 18-25

Equity

€4.02M

+7.5% 18-25

Working capital

€3.94M

+7.3% 18-25

Employees (FTE)

8

+8.6% 18-25

Staff costs

€440k

+1.9% 18-25

Income taxes

€96k

-35.9% 18-25

Debt

€2.23M

-17.0% 18-25

Debt ≤ 1y

€2.23M

-17.0% 18-25

Current ratio

2.77

+16.9% 18-25

Quick ratio

2.22

+16.0% 18-25

Solvency

64.3%

+10.5% 18-25

Debt / equity

0.55

-22.8% 18-25

ROE

14.5%

-35.7% 18-25

ROA

9.3%

-29.0% 18-25

Net margin

6.3%

-13.2% 18-25

EBITDA margin

15.6%

-9.9% 18-25

Interest coverage

1.71

-99.8% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	€9.22M
EBITDA	€1.44M
Net profit	€581k
Cash flow	€602k
Staff costs	€440k
Income taxes	€96k
Dividends	-
Total assets	€6.25M
Equity	€4.02M
Debt	€2.23M
of which ≤ 1y	€2.23M
of which > 1y	-
Working capital	€3.94M
Employees (FTE)	7.6

Ratios (computed)

	2025
Current ratio	2.77
Quick ratio	2.22
Working capital ratio	63.0%
Solvency	64.3%
Debt / equity	0.55
Long-term debt ratio	-
Interest coverage	1.71
Gross margin	28.8%
Net margin	6.3%
ROA	9.3%
ROE	14.5%
EBITDA margin	15.6%
Days sales outstanding	71d
Days payable outstanding	102d
Inventory turnover	5.41
Days inventory (DSI)	68d

Balance-sheet composition 2025

Assets

Fixed assets €79k · 1.3% Current assets €6.17M · 98.7%

Equity & liabilities

Equity €4.02M · 64.3% Debt €2.23M · 35.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€6.25M
Fixed assets	21/28	€79k
Tangible fixed assets	22/27	€79k
Current assets	29/58	€6.17M
Stocks & contracts in progress	3	€1.22M
Amounts receivable within one year	40/41	€1.81M
Investments	50/53	€2.55M
Cash & bank	54/58	€579k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€6.25M
Equity	10/15	€4.02M
Contributions / capital	10/11	€100k
Reserves	13	€10k
Accumulated profits (losses)	14	€3.91M
Amounts payable	17/49	€2.23M
Amounts payable within one year	42/48	€2.23M
Trade debts payable within one year	44	€1.84M
Income statement
Turnover	70	€9.22M
Operating result	9901	€1.42M
Financial income	75	€100k
Financial charges	65	€843k
Result before taxes	9903	€677k
Income taxes	67/77	€96k
Net result for the period	9904	€581k
Result to be appropriated	9905	€581k

You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Groothandel in tapijten(46473)
Legal form	Public limited company(014)
Incorporation	27-11-2012
Status	Active
Postal code	8792

Establishment units 1 location

BADE EUROPE

Sprietestraat 280, 8792 WaregemGroothandel in kantoor- en winkelmeubelen

since 20122.214.910.668

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34010B0549/00B002	Flanders	3.9 ha	1 · 3.4 ha	10.1 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

08-06-2026

NBB filing Annual accounts filed

fiscal year 2025 · volledig

2025

10-06-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

2024

30-09-2024

State Gazette act Director changes

CLEENEWERCK de CRAYENCOUR

14-06-2024

NBB filing Annual accounts filed

fiscal year 2023 · volledig

2023

19-06-2023

NBB filing Annual accounts filed

fiscal year 2022 · volledig

2022

14-06-2022

NBB filing Annual accounts filed

fiscal year 2021 · volledig

2021

07-06-2021

NBB filing Annual accounts filed

fiscal year 2020 · verkort

2020

17-06-2020

NBB filing Annual accounts filed

fiscal year 2019 · verkort

2019

24-06-2019

NBB filing Annual accounts filed

fiscal year 2018 · verkort

2018

25-06-2018

NBB filing Annual accounts filed

fiscal year 2017 · verkort

2017

07-06-2017

NBB filing Annual accounts filed

fiscal year 2016 · verkort

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2024

30-09-2024 5 reappointed Director changes·CLEENEWERCK de CRAYENCOUR

RENDEC CONSULT BV, Bestuurder
STECRI BV, Bestuurder
Bayram Gutan, Bestuurder
STECRI BV, Gedelegeerd bestuurder
STECRI BV, Voorzitter

Notary: CLEENEWERCK de CRAYENCOUR

Original publication ↗

Technical details

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  "act_meta": {
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    "filing_date": null,
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "jaarvergadering",
      "date": "2024-06-14",
      "unanimous": null
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    {
      "body": "raad_van_bestuur",
      "date": "2024-06-14",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0501.870.179",
    "name_full": "NEEROLECO T\u0440 \u0441RVAM ONDUR",
    "legal_form": "NAAMLOZE VENNOOTSCHAP"
  },
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    "org_kbo": null,
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    "person_name": "Stefaan Declerck",
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}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Groothandel in tapijten46472Groothandel in tapijten46473

Primary activity highlighted.

Names & trade names

Legal nameNL

BADE EUROPE

Registered office

Sprietestraat 280

8792 Waregem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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