BADEMA
ActiveSummary
BADEMA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-180k) and a net result of €2k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 9% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30=
Solvency15▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9 against 0.92 in 2024; short-term debt: 12.6% and cash: 3.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4556 sector peers (2025).
NBB · sector comparisonPosition among 4556 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
29 d late
2023
6 d early
2022
31 d late
2021
26 d late
2020
19 d late
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k▲ 165%
2024 · €606
Working capital
€-23k▼ 6.2%
2024 · €-22k
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€166k▲ 159%€102k▼ 38.6%€123k▲ 21.0%€160k▲ 30.0%€181k▲ 12.8%
Net result€81k€2k▼ 97.0%€812▼ 66.1%€606▼ 25.5%€2k▲ 165%
Equity€-186k▲ 30.3%€-183k▲ 1.3%€-182k▲ 0.4%€-182k▲ 0.3%€-180k▲ 0.9%
Total assets€2.03M▲ 2.2%€1.98M▼ 2.1%€1.92M▼ 3.3%€1.95M▲ 1.9%€1.88M▼ 3.8%
Debt€2.21M▼ 1.7%€2.17M▼ 2.1%€2.10M▼ 3.1%€2.13M▲ 1.7%€2.06M▼ 3.5%
Working capital€-30k▲ 76.1%€-26k▲ 14.1%€-33k▼ 27.5%€-22k▲ 34.6%€-23k▼ 6.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.88M
Fixed assets
€1.66M ▼ 3.1%
Current assets
€214k ▼ 8.8%
Key figures and ratios
EBITDA
€234k▲
2024 · €213k
Cash flow
€54k▲
2024 · €53k
Solvency
-9.6%▼
2024 · -9.3%
Current ratio
0.90▼
2024 · 0.92
Debt to equity
-11.42▲
2024 · -11.74
ROA
0.1%▲
2024 · 0.0%
Interest coverage
1.29▼
2024 · 1.31
Debt ≤ 1 year
€237k▼
2024 · €257k
Debt > 1 year
€1.81M▼
2024 · €1.86M
Income taxes
€659▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €79k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53k | €53k | €53k | €53k | €53k | = |
| Other operating charges640/8 | €31k | €31k | €34k | €35k | €36k | ▲ 2.7% |
| Gross operating margin9900 | €250k | €186k | €210k | €248k | €269k | ▲ 8.7% |
| Operating profit (loss)9901 | €166k | €102k | €123k | €160k | €181k | ▲ 12.8% |
| Financial income75/76B | €0 | - | - | €4k | €2k | ▼ 46.0% |
| Recurring financial income75 | €0 | - | - | €4k | €2k | ▼ 46.0% |
| Financial charges65/66B | €85k | €100k | €123k | €163k | €181k | ▲ 11.2% |
| Recurring financial charges65 | €85k | €100k | €123k | €163k | €181k | ▲ 11.2% |
| Profit (loss) for the period before taxes9903 | €81k | €2k | €812 | €2k | €2k | ▲ 23.9% |
| Income taxes67/77 | - | - | - | €1k | €659 | ▼ 46.0% |
| Profit (loss) for the period9904 | €81k | €2k | €812 | €606 | €2k | ▲ 165% |
| Profit (loss) for the period to be appropriated9905 | €81k | €2k | €812 | €606 | €2k | ▲ 165% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.03M | €1.98M | €1.92M | €1.95M | €1.88M | ▼ 3.8% |
| Fixed assets21/28 | €1.88M | €1.82M | €1.77M | €1.72M | €1.66M | ▼ 3.1% |
| Tangible fixed assets22/27 | €1.88M | €1.82M | €1.77M | €1.72M | €1.66M | ▼ 3.1% |
| Land and buildings22 | - | - | €1.77M | €1.72M | €1.66M | ▼ 3.1% |
| Other tangible fixed assets26 | €1.88M | €1.82M | - | - | - | - |
| Current assets29/58 | €150k | €160k | €147k | €235k | €214k | ▼ 8.8% |
| Amounts receivable within one year40/41 | €2k | €32 | €52 | €1k | €964 | ▼ 12.6% |
| Trade receivables40 | €2k | - | - | €302 | €964 | ▲ 219% |
| Other amounts receivable41 | €148 | €32 | €52 | €801 | €0 | ▼ 100% |
| Current investments50/53 | - | - | €100k | €150k | €120k | ▼ 20.0% |
| Cash at bank and in hand54/58 | €117k | €137k | €44k | €81k | €69k | ▼ 14.6% |
| Deferred charges and accrued income490/1 | €31k | €23k | €3k | €3k | €24k | ▲ 783% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.03M | €1.98M | €1.92M | €1.95M | €1.88M | ▼ 3.8% |
| Equity10/15 | €-186k | €-183k | €-182k | €-182k | €-180k | ▲ 0.9% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Revaluation surpluses12 | €1.39M | €1.34M | €1.29M | €1.24M | €1.20M | ▼ 3.9% |
| Reserves13 | €194k | €243k | €291k | €340k | €389k | ▲ 14.3% |
| Non-distributable reserves130/1 | €315 | €315 | €315 | €315 | €315 | = |
| Legal reserve130 | €315 | €315 | €315 | €315 | €315 | = |
| Distributable reserves133 | €194k | €243k | €291k | €340k | €388k | ▲ 14.3% |
| Profit (loss) carried forward14 | €-1.83M | €-1.83M | €-1.83M | €-1.83M | €-1.83M | ▲ 0.1% |
| Amounts payable17/49 | €2.21M | €2.17M | €2.10M | €2.13M | €2.06M | ▼ 3.5% |
| Amounts payable after more than one year17 | €2.02M | €1.97M | €1.92M | €1.86M | €1.81M | ▼ 2.8% |
| Financial debts170/4 | €2.02M | €1.97M | €1.92M | €1.86M | €1.81M | ▼ 2.8% |
| Amounts payable within one year42/48 | €180k | €186k | €180k | €257k | €237k | ▼ 7.5% |
| Trade debts44 | €43k | €35k | €6k | €6k | €5k | ▼ 7.0% |
| Suppliers440/4 | €43k | €35k | €6k | €6k | €5k | ▼ 7.0% |
| Taxes, remuneration and social security45 | €25k | €30k | €37k | €85k | €54k | ▼ 36.6% |
| Taxes450/3 | €25k | €30k | €37k | €85k | €54k | ▼ 36.6% |
| Other amounts payable47/48 | €112k | €121k | €137k | €166k | €178k | ▲ 7.3% |
| Accrued charges and deferred income492/3 | €10k | €12k | €4k | €15k | €12k | ▼ 19.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81k | €2k | €812 | €606 | €2k | ▲ 165% |
| + Depreciation and write-downs630 | €53k | €53k | €53k | €53k | €53k | = |
| Operating cash flow (approximation) | €134k | €55k | €54k | €53k | €54k | ▲ 1.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €20k | €-93k | €37k | €-12k | ▼ 132% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Back to profitnet €81k
Net result €81k after 3 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
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 3 acts read
About the unread acts
We know of 3 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
3 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, Waregem · 1 establishment unit since 1993
Ground area
3,642 m²
Building footprint
775 m²
Volume, LiDAR
4,949 m³
Parcel 34040C1304/00B000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
BADEMA NV
since 19932.131.037.738
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1304/00B000 | Flanders | 3,642 m² | 1 · 774 m² | 9.0 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.
Similar companies · same sector and region
BARKEY
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Beaulieu Real Estate
BE 0415.327.571
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BERCOLEASE
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Callsimmo
BE 0778.330.473
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CHADEMAR INVEST
BE 0476.711.547
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.