BADIN
ActiveSummary
BADIN has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €647,117 and a net result of €53,751. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 9559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+7
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 20.31 against 17.97 in 2024; short-term debt: 4.9% and cash: 100% of total assets), and 4.9% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
95.1%
Return on assets
7.9%
Age of the figures
12 mo
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
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 15-03-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
38 d early
2023
36 d early
2022
34 d early
2021
46 d early
2020
38 d early
2019
8 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 35 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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. Usually files around 23 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€66,956▲ 45.5%
2024 · €46,006
EBIT margin
91.3%▲ 4.6pp
2024 · 86.7%
Net result
€53,751▲ 73.8%
2024 · €30,924
Working capital
€647,117▲ 9.1%
2024 · €593,366
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€73,530€52,229▼ 29.0%€46,006▼ 11.9%€66,956▲ 45.5%
Operating result-€19,340€40,794€24,189▼ 40.7%€39,900▲ 65.0%€61,116▲ 53.2%
Net result-€18,083below the sector's middle half€32,129within the sector's middle half€16,946within the sector's middle half▼ 47.3%€30,924within the sector's middle half▲ 82.5%€53,751above the sector's middle half▲ 73.8%
EBIT margin55.5%46.3%▼ 9.2pp86.7%▲ 40.4pp91.3%▲ 4.6pp
Equity€533,367above the sector's middle half▼ 3.3%€565,496above the sector's middle half▲ 6.0%€582,442above the sector's middle half▲ 3.0%€593,366above the sector's middle half▲ 1.9%€647,117above the sector's middle half▲ 9.1%
Total assets€533,882above the sector's middle half▼ 6.9%€580,245above the sector's middle half▲ 8.7%€585,529above the sector's middle half▲ 0.9%€628,337above the sector's middle half▲ 7.3%€680,621above the sector's middle half▲ 8.3%
Debt€515▼ 97.6%€14,749▲ 2,764%€3,087▼ 79.1%€34,971▲ 1,033%€33,504▼ 4.2%
Working capital€532,871above the sector's middle half▼ 3.2%€565,496above the sector's middle half▲ 6.1%€582,442above the sector's middle half▲ 3.0%€593,366above the sector's middle half▲ 1.9%€647,117above the sector's middle half▲ 9.1%
Solvency99.9%above the sector's middle half▲ 3.7pp97.5%above the sector's middle half▼ 2.4pp99.5%above the sector's middle half▲ 2.0pp94.4%above the sector's middle half▼ 5.0pp95.1%above the sector's middle half▲ 0.6pp
Current ratio39.34above the sector's middle half17.97above the sector's middle half20.31above the sector's middle half▲ 2.35
Return on assets (ROA)-3.4%below the sector's middle half▼ 13.4pp5.5%within the sector's middle half▲ 8.9pp2.9%within the sector's middle half▼ 2.6pp4.9%within the sector's middle half▲ 2.0pp7.9%within the sector's middle half▲ 3.0pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
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 53% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €680,621
Equity
€647,117 ▲ 9.1%
Debt
€33,504 ▼ 4.2%
Debt's share of the balance-sheet total falls from 5.6% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.05▼
2024 · 0.06
ROE
8.3%▲
2024 · 5.2%
Debt ≤ 1 year
€33,504▼
2024 · €34,971
Income taxes
€26,046▲
2024 · €8,901
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,811 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €73,530 | €52,229 | €46,006 | €66,956 | ▲ 45.5% |
| Goods, raw materials, services and sundry goods60/61 | - | €32,202 | €28,002 | €6,067 | €5,811 | ▼ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €495 | €496 | - | - | - | - |
| Other operating charges640/8 | - | €38 | €38 | €39 | €29 | ▼ 25.6% |
| Gross operating margin9900 | -€18,787 | €41,328 | €24,227 | €39,939 | €61,145 | ▲ 53.1% |
| Operating profit (loss)9901 | -€19,340 | €40,794 | €24,189 | €39,900 | €61,116 | ▲ 53.2% |
| Financial income75/76B | - | €1,309 | €154 | - | €18,910 | - |
| Recurring financial income75 | €971 | €1,309 | €154 | - | €18,910 | - |
| Financial charges65/66B | - | €74 | €29 | €75 | €229 | ▲ 205% |
| Recurring financial charges65 | €35 | €74 | €29 | €75 | €229 | ▲ 205% |
| Profit (loss) for the period before taxes9903 | -€18,404 | €42,029 | €24,314 | €39,825 | €79,797 | ▲ 100% |
| Income taxes67/77 | -€321 | €9,900 | €7,368 | €8,901 | €26,046 | ▲ 193% |
| Profit (loss) for the period9904 | -€18,083 | €32,129 | €16,946 | €30,924 | €53,751 | ▲ 73.8% |
| Profit (loss) for the period to be appropriated9905 | -€18,083 | €32,129 | €16,946 | €30,924 | €53,751 | ▲ 73.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €533,882 | €580,245 | €585,529 | €628,337 | €680,621 | ▲ 8.3% |
| Fixed assets21/28 | €496 | - | - | - | - | - |
| Tangible fixed assets22/27 | €496 | - | - | - | - | - |
| Current assets29/58 | €533,386 | €580,245 | €585,529 | €628,337 | €680,621 | ▲ 8.3% |
| Amounts receivable within one year40/41 | €30,938 | €8,758 | €941 | €4,402 | - | - |
| Trade receivables40 | - | - | - | €4,402 | - | - |
| Other amounts receivable41 | - | €8,758 | €941 | - | - | - |
| Current investments50/53 | - | - | - | €610,000 | - | - |
| Cash at bank and in hand54/58 | €502,448 | €571,487 | €584,588 | €935 | €680,621 | ▲ 72,694% |
| Deferred charges and accrued income490/1 | - | - | - | €13,000 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €533,882 | €580,245 | €585,529 | €628,337 | €680,621 | ▲ 8.3% |
| Equity10/15 | €533,367 | €565,496 | €582,442 | €593,366 | €647,117 | ▲ 9.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Issued capital100 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €470,200 | €501,700 | €518,350 | €529,274 | €583,025 | ▲ 10.2% |
| Non-distributable reserves130/1 | - | €501,700 | €518,350 | €529,274 | €583,025 | ▲ 10.2% |
| Legal reserve130 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Other1319 | - | €499,700 | €516,350 | €527,274 | €581,025 | ▲ 10.2% |
| Profit (loss) carried forward14 | €43,167 | €43,796 | €44,092 | €44,092 | €44,092 | = |
| Amounts payable17/49 | €515 | €14,749 | €3,087 | €34,971 | €33,504 | ▼ 4.2% |
| Amounts payable within one year42/48 | €515 | €14,749 | €3,087 | €34,971 | €33,504 | ▼ 4.2% |
| Trade debts44 | - | €60 | - | - | - | - |
| Suppliers440/4 | - | €60 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €14,689 | €3,087 | €15,245 | €10,319 | ▼ 32.3% |
| Taxes450/3 | - | €14,689 | €3,087 | €15,245 | €10,319 | ▼ 32.3% |
| Other amounts payable47/48 | - | - | - | €19,726 | €23,185 | ▲ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,083 | €32,129 | €16,946 | €30,924 | €53,751 | ▲ 73.8% |
| + Depreciation and write-downs630 | €495 | €496 | - | - | - | - |
| Operating cash flow (approximation) | -€17,588 | €32,625 | €16,946 | €30,924 | €53,751 | ▲ 73.8% |
| Change in cash | - | €69,039 | €13,101 | -€583,653 | €679,686 | ▲ 216% |
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
15-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity times 5current ratio 189.68
Current ratio from 39.34 to 189.68; short-term debt falls from €14,749 to €3,087.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €32,129
Net result €32,129 after one loss-making year.
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€18,083
Net result drops to -€18,083, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 40current ratio 1035.70
Current ratio from 26.13 to 1035.70; short-term debt falls from €21,908 to €515.
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €500,000Eq €551,450 ▲11.7%
3 profitable years in a row build equity to €551,450.
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
Financial
Highest result since 2018net €95,036 ▲12.5%
Net result €95,036, the highest in the series.
07-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
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.
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, Binche
Ground area
357 m²
Building footprint
130 m²
Volume, LiDAR
1,531 m³
Parcel 56011B0113/00C000, Wallonia · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56011B0113/00C000 | Wallonia | 357 m² | 1 · 130 m² | 13.6 m · 4 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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 4,082 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 (pre-2019)
Founded09-09-2014
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0561771045
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.