Badetro
ActiveSummary
Badetro has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,747 and a net result of €29,819. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 72% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency85▲+79
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.78 against 0.68 in 2024; short-term debt: 40.5% and cash: 24.4% of total assets), and 40.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
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
59.5%
Return on assets
68.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€25,747
2024 · -€4,072
Total assets
€43,269▲ 103%
2024 · €21,305
Net result
€29,819▲ 348%
2024 · €6,658
Working capital
€13,726
2024 · -€8,153
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€4,418€2,606▼ 41.0%-€5,772€12,641€41,929▲ 232%
Net result€4,042€1,092▼ 73.0%-€6,852€6,658€29,819▲ 348%
Equity-€4,948▲ 45.0%-€3,856▲ 22.1%-€10,708▼ 178%-€4,072▲ 62.0%€25,747
Total assets€20,103▲ 134%€22,539▲ 12.1%€18,259▼ 19.0%€21,305▲ 16.7%€43,269▲ 103%
Debt€25,051▲ 42.6%€26,395▲ 5.4%€28,967▲ 9.7%€25,378▼ 12.4%€17,522▼ 31.0%
Working capital-€5,984▲ 33.4%-€5,629▲ 5.9%-€11,939▼ 112%-€8,153▲ 31.7%€13,726
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 232% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43,269
Fixed assets
€12,021 ▲ 195%
Current assets
€31,249 ▲ 81.4%
Equity and liabilities €43,269
Equity
€25,747
Debt
€17,522
Debt finances 40.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€43,943▲
2024 · €13,700
Cash flow
€31,833▲
2024 · €7,717
Current ratio
1.78▲
2024 · 0.68
Debt to equity
0.68▲
2024 · -6.23
ROE
115.8%
ROA
68.9%▲
2024 · 31.2%
Interest coverage
183.39▲
2024 · 22.86
Debt ≤ 1 year
€17,522▼
2024 · €25,378
Income taxes
€11,876▲
2024 · €5,390
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 31,324 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €369 | - | €542 | €1,059 | €2,014 | ▲ 90.2% |
| Other operating charges640/8 | €436 | €646 | €868 | €786 | €576 | ▼ 26.7% |
| Gross operating margin9900 | €5,222 | €3,252 | -€4,362 | €14,486 | €44,519 | ▲ 207% |
| Operating profit (loss)9901 | €4,418 | €2,606 | -€5,772 | €12,641 | €41,929 | ▲ 232% |
| Financial income75/76B | - | - | €0 | €6 | €6 | ▼ 8.3% |
| Recurring financial income75 | - | - | €0 | €6 | €6 | ▼ 8.3% |
| Financial charges65/66B | €55 | €91 | €93 | €599 | €240 | ▼ 60.0% |
| Recurring financial charges65 | €55 | €91 | €93 | €599 | €240 | ▼ 60.0% |
| Profit (loss) for the period before taxes9903 | €4,363 | €2,515 | -€5,865 | €12,047 | €41,695 | ▲ 246% |
| Income taxes67/77 | €321 | €1,423 | €987 | €5,390 | €11,876 | ▲ 120% |
| Profit (loss) for the period9904 | €4,042 | €1,092 | -€6,852 | €6,658 | €29,819 | ▲ 348% |
| Profit (loss) for the period to be appropriated9905 | €4,042 | €1,092 | -€6,852 | €6,658 | €29,819 | ▲ 348% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,103 | €22,539 | €18,259 | €21,305 | €43,269 | ▲ 103% |
| Fixed assets21/28 | €1,036 | €1,773 | €1,231 | €4,081 | €12,021 | ▲ 195% |
| Tangible fixed assets22/27 | €1,036 | €1,773 | €1,231 | €4,081 | €12,021 | ▲ 195% |
| Plant, machinery and equipment23 | €1,036 | €1,773 | €1,231 | €4,081 | €12,021 | ▲ 195% |
| Current assets29/58 | €19,067 | €20,766 | €17,028 | €17,224 | €31,249 | ▲ 81.4% |
| Amounts receivable within one year40/41 | €16,774 | €17,413 | €10,096 | €5,146 | €20,273 | ▲ 294% |
| Trade receivables40 | €13,186 | €7,368 | €8,057 | - | - | - |
| Other amounts receivable41 | €3,588 | €10,045 | €2,039 | €5,146 | €20,273 | ▲ 294% |
| Cash at bank and in hand54/58 | €2,293 | €3,353 | €6,395 | €12,079 | €10,553 | ▼ 12.6% |
| Deferred charges and accrued income490/1 | - | - | €537 | - | €422 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,103 | €22,539 | €18,259 | €21,305 | €43,269 | ▲ 103% |
| Equity10/15 | -€4,948 | -€3,856 | -€10,708 | -€4,072 | €25,747 | ▲ 732% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €14,519 | €14,519 | €14,519 | €14,519 | €14,519 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €12,660 | €12,660 | €12,660 | €12,660 | €12,660 | = |
| Profit (loss) carried forward14 | -€38,059 | -€36,967 | -€43,819 | -€37,183 | -€7,364 | ▲ 80.2% |
| Amounts payable17/49 | €25,051 | €26,395 | €28,967 | €25,378 | €17,522 | ▼ 31.0% |
| Amounts payable within one year42/48 | €25,051 | €26,395 | €28,967 | €25,378 | €17,522 | ▼ 31.0% |
| Trade debts44 | €2,328 | €4,818 | €6,737 | €3,395 | - | - |
| Suppliers440/4 | €2,328 | €4,818 | €6,737 | €3,395 | - | - |
| Taxes, remuneration and social security45 | €8,110 | €7,892 | €8,602 | €13,428 | €17,522 | ▲ 30.5% |
| Taxes450/3 | €7,810 | €7,892 | €7,728 | €13,428 | €17,522 | ▲ 30.5% |
| Remuneration and social security454/9 | €299 | - | €873 | - | - | - |
| Other amounts payable47/48 | €14,614 | €13,685 | €13,628 | €8,554 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,042 | €1,092 | -€6,852 | €6,658 | €29,819 | ▲ 348% |
| + Depreciation and write-downs630 | €369 | - | €542 | €1,059 | €2,014 | ▲ 90.2% |
| Operating cash flow (approximation) | €4,411 | €1,092 | -€6,310 | €7,717 | €31,833 | ▲ 313% |
| Investment in fixed assets (approximation) | - | -€737 | €0 | -€3,909 | -€9,954 | ▼ 155% |
| Change in cash | - | €1,060 | €3,042 | €5,684 | -€1,526 | ▼ 127% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity triplescurrent ratio 1.78
Current ratio from 0.68 to 1.78; short-term debt falls from €25,378 to €17,522.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €6,658
Net result €6,658 after one loss-making year.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
Financial
Back to profitnet €4,042
Net result €4,042 after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €207,149
Net result €207,149 after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 1.41
Current ratio from 0.50 to 1.41; short-term debt falls from €44,913 to €19,324.
Show earlier events
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-04
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 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Niklaas · 1 establishment unit since 1983
Ground area
3,633 m²
Building footprint
414 m²
Volume, LiDAR
2,154 m³
2 parcels, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Dries 34, 9112 Sint-Niklaas
since 19832.102.421.748
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46019A1271/00M000 | Flanders | 3,010 m² | 1 · 292 m² | 13.4 m · 3 fl. |
| 46019A1515/00R002 | Flanders | 624 m² | 1 · 122 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 1,014 EUR awarded · 1,014 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 504 EUR | 504 EUR |
| 2023 | 1 | 510 EUR | 510 EUR |
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,907. 4,225 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-12-1983
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
71111Activities of building architects
71122Land surveying
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425046674
Also
9925:BE0425046674
Registered
20-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.