BADER.MA

Active

Private limited companyfounded 200422 yrs activeDokter Rouxstraat 33, 1070 Anderlecht, BelgiumKBO/BCE: BE 0866.144.672

BADER.MA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 4610 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2025

55 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability81▲+59

Solvency28▲+5

Growth71▲+29

Track record100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.03 against 0.08 in 2024; short-term debt: 35.8% and cash: 0.9% of total assets), and 96.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

3.4%

Return on assets

2.3%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 filings

Deviation from the deadline

2025

6 d late

2024

9 d early

2023

24 d late

2022

2 d early

2021

30 d late

2020

118 d late

2019

213 d late

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€131k▲ 2.3%

2024 · €128k

2018: €81k 2019: €89k 2020: €95k 2021: €101k 2022: €93k 2023: €109k 2024: €128k

2018 → 2025

EBIT margin

9.2%▲ 22.6pp

2024 · -13.3%

2018: -0.8% 2019: 5.6% 2020: 11.6% 2021: 35.7% 2022: 0.7% 2023: 21.7% 2024: -13.3%

2018 → 2025

Net result

€9k

2024 · €-26k

2018: €-3k 2019: €-6k 2020: €4k 2021: €26k 2022: €-13k 2023: €13k 2024: €-26k

2018 → 2025

Working capital

€-136k▲ 17.6%

2024 · €-165k

2018: €11k 2019: €-58k 2020: €-52k 2021: €-11k 2022: €-46k 2023: €-41k 2024: €-165k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€101k-€93k▼ 8.4%€109k▲ 18.2%€128k▲ 17.1%€131k▲ 2.3%

Equity€15k-€2k▼ 85.6%€15k▲ 614%€-11k€14k

Operating result€36k-€669▼ 98.1%€24k▲ 3,449%€-17k€12k

Net result€26k-€-13k€13k€-26k€9k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €12k after a loss of €17k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €393k

98.9%

Fixed assets €389k▼ 7.0%

Current assets €4k▼ 69.8%

Equity and liabilities €393k

95.3%

Equity €14k

Provisions €5k

Debt €374k

Debt finances 95.3% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

EBITDA

€42k▲

2024 · €5k

Cash flow

€38k▲

2024 · €-4k

Solvency

3.4%▲

2024 · -2.5%

Current ratio

0.03▼

2024 · 0.08

Quick ratio

0.03▼

2024 · 0.08

Debt / equity

27.64▲

2024 · -41.32

ROE

65.7%

ROA

2.3%▲

2024 · -6.0%

Interest coverage

7.86▲

2024 · 0.59

Debt

€374k▼

2024 · €443k

Debt ≤ 1 year

€141k▼

2024 · €180k

Debt > 1 year

€234k▼

2024 · €263k

Income taxes

€202▼

2024 · €984

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€432k€393k▼

Fixed assets21/28€418k€389k▼

Intangible fixed assets21€14k€12k▼

Tangible fixed assets22/27€402k€374k▼

Land and buildings22€319k€302k▼

Plant, machinery and equipment23€76k€68k▼

Furniture and vehicles24€7k€5k▼

Financial fixed assets28€2k€2k=

Current assets29/58€14k€4k▼

Stocks and contracts in progress3€979-

Stocks30/36€979-

Amounts receivable within one year40/41€4k-

Other amounts receivable41€4k-

Cash at bank and in hand54/58€9k€4k▼

Deferred charges and accrued income490/1-€659

Equity and liabilities

Total equity and liabilities10/49€432k€393k▼

Equity10/15€-11k€14k▲

Contributions10/11€19k€19k=

Reserves13€161€161=

Non-distributable reserves130/1€161€161=

Reserves not available under the articles1311€161€161=

Profit (loss) carried forward14€-29k€-21k▲

Investment grants15-€15k

Provisions and deferred taxes16-€5k

Deferred taxes168-€5k

Amounts payable17/49€443k€374k▼

Amounts payable after more than one year17€263k€234k▼

Financial debts170/4€261k€231k▼

Other amounts payable178/9€2k€2k=

Amounts payable within one year42/48€180k€141k▼

Current portion of amounts payable after more than one year42€32k€30k▼

Trade debts44€23k€13k▼

Suppliers440/4€23k€13k▼

Taxes, remuneration and social security45€16k€3k▼

Taxes450/3€16k€3k▼

Other amounts payable47/48€108k€94k▼

Income statement Code20242025

Turnover70€128k€131k▲

Goods, raw materials, services and sundry goods60/61€114k€86k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€29k▲

Other operating charges640/8€9k€4k▼

Gross operating margin9900€14k€45k▲

Operating profit (loss)9901€-17k€12k▲

Financial income75/76B-€2k

Recurring financial income75-€2k

Financial charges65/66B€8k€5k▼

Recurring financial charges65€8k€5k▼

Profit (loss) for the period before taxes9903€-25k€9k▲

Transfer from deferred taxes780-€569

Income taxes67/77€984€202▼

Profit (loss) for the period9904€-26k€9k▲

Profit (loss) for the period to be appropriated9905€-26k€9k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-29k€-21k▲

Profit (loss) brought forward from the previous period14P€-3k€-29k▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

06-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 6 days late

2025

31-12

Financial Back to profitnet €9k

Net result €9k after one loss-making year.

22-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-26k ▼297%

Net result drops to €-26k, the lowest in the series; recovery starts the following year.

24-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 24 days late

2023

31-12

Financial Back to profitnet €13k

Net result €13k after one loss-making year.

29-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

31-12

Financial Highest result since 2018net €26k ▲547%

Operating result €36k, net result €26k, both a record.

26-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 118 days late

01-03

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 213 days late

2020

31-12

Financial Back to profitnet €4k

Net result €4k after 2 loss-making years.

2019

03-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

17-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

17-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Anderlecht · 2 establishment units since 2004

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Dokter Rouxstraat 331070 Anderlecht

Ground area

510 m²

Building footprint

331 m²

Volume, LiDAR

2,971 m³

3 parcels, Brussels · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

Bergense Steenweg 1067, 1070 AnderlechtNACE 9301201

since 20042.139.490.891

BADER

Bergense Steenweg 1139, 1070 AnderlechtPersonal service activities

since 20082.169.981.852

3 parcels

Brussels 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21308H0638/00E009	Brussels	249 m²	1 · 86 m²	13.2 m · 4 fl.
21308H0672/02Y000	Brussels	142 m²	1 · 126 m²	15.0 m · 3 fl.
21308H0682/00V000	Brussels	118 m²	1 · 119 m²	12.7 m · 3 fl.