Checked.be · Company dossierhttps://checked.be/en/c/baeck-cladding-0720874603 · as of 25-10-2026
Baeck Cladding
Active
Public limited company · founded 2019 · active for 7 yearsBeekvelden 5K, 2520 Ranst, BelgiumKBO/BCE: BE 0720.874.603
Summary
The computed 12-month bankruptcy probability of Baeck Cladding is 2.1% (moderate). The 2025 annual accounts show equity of €406,953 and a net result of €29,948, of which €16,518 non-recurring income. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 2,434 sector peers (NACE 43, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
PG CONSULTINGDirector · permanent representative Philip Goris
QUENZDirector · permanent representative Van Haverbeke Kris
Auditor: VGD Bedrijfsrevisoren2025 accounts 24 days early9 of 15 deeds summarised
Why 52raises riskLiquidity: current ratio 1.301 change of registered office in 24 monthsFounded in 2019lowers riskFigures for financial year 2025 (filed 07-07-2026)Show the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
52/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 29% of its sector peers (NACE 43, small)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Weak
Solvency50+10
equity 24.7% of total assets
Liquidity18+12
short-term debt 75.3%
Profitability48-36
return on assets 1.8%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
2.1%Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.3% (2,646 companies, NACE 43, small)
Last 24 months11-2024: 3.1%12-2024: 3.1%● unchanged vs 11-202401-2025: 3.1%● unchanged vs 12-202402-2025: 3.1%● unchanged vs 01-202503-2025: 3.1%● unchanged vs 02-202504-2025: 3.1%● unchanged vs 03-202505-2025: 2.8%▼ -0.3 percentage points vs 04-202506-2025: 2.9%▲ +0.1 percentage points vs 05-202507-2025: 2.9%● unchanged vs 06-202508-2025: 2.8%▼ -0.1 percentage points vs 07-202509-2025: 2.8%● unchanged vs 08-202510-2025: 2.8%● unchanged vs 09-202511-2025: 2.8%● unchanged vs 10-202512-2025: 2.9%▲ +0.1 percentage points vs 11-202501-2026: 2.9%● unchanged vs 12-202502-2026: 2.9%● unchanged vs 01-202603-2026: 3.3%▲ +0.4 percentage points vs 02-202604-2026: 3.2%▼ -0.1 percentage points vs 03-202605-2026: 3.2%● unchanged vs 04-202606-2026: 5.0%▲ +1.8 percentage points vs 05-202607-2026: 5.1%▲ +0.1 percentage points vs 06-2026highest value08-2026: 2.2%▼ -2.9 percentage points vs 07-202609-2026: 2.2%● unchanged vs 08-202610-2026: 2.1%▼ -0.1 percentage points vs 09-2026lowest value
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.3, compared with 1.14 in 2024, below the usual 1.5; short-term debt: 75.3% of total assets), and 75.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
75-100
Excellent
under 0.55%
60-74
Healthy
0.55% to 1.5%
45-59
Fair
1.5% to 4.2%
25-44
Weak
4.2% to 15.0%
0-24
Critical
over 15.0%
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small): better than 29% on solvency, 10% on liquidity, 21% on profitability and 56% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 July (4 of the last 5 filed years within 30 days of that day).
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.6m2025Equity€0.4m2025Debt€1.2m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin4.5%2021Return on assets (ROA)1.8%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency24.7%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.302025
Average staff in full-time equivalents (FTE).
Staff (FTE)152025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
Net result€0.2m-€0.3mabove the sector's middle half▲ 57.2%€0.3mabove the sector's middle half▼ 12.1%€0.5mabove the sector's middle half▲ 71.6%€0.3mabove the sector's middle half▼ 28.5%€0.3mabove the sector's middle half▼ 12.0%€0.03mwithin the sector's middle half▼ 90.2%
EBIT margin7.7%-5.9%▼ 1.8pp4.5%▼ 1.4pp
Equity€0.3m-€0.6mabove the sector's middle half▲ 121%€0.9mabove the sector's middle half▲ 48.1%€1.4mabove the sector's middle half▲ 55.7%€0.07mbelow the sector's middle half▼ 94.7%€0.4mwithin the sector's middle half▲ 422%€0.4mwithin the sector's middle half▲ 7.9%
Total assets€2.0m-€1.9mabove the sector's middle half▼ 5.3%€2.6mabove the sector's middle half▲ 36.8%€3.9mabove the sector's middle half▲ 47.5%€2.3mabove the sector's middle half▼ 42.0%€2.5mabove the sector's middle half▲ 12.3%€1.6mwithin the sector's middle half▼ 35.0%
Working capital€0.01m-€0.3mwithin the sector's middle half▲ 20×€0.6mabove the sector's middle half▲ 128%€1.2mabove the sector's middle half▲ 86.8%-€0.04mbelow the sector's middle half€0.3mwithin the sector's middle half€0.4mwithin the sector's middle half▲ 22.0%
Solvency13.1%-30.4%within the sector's middle half▲ 17.3pp32.9%within the sector's middle half▲ 2.5pp34.7%within the sector's middle half▲ 1.8pp3.2%below the sector's middle half▼ 31.5pp14.9%below the sector's middle half▲ 11.7pp24.7%within the sector's middle half▲ 9.8pp
Current ratio1.01-1.20within the sector's middle half▲ 0.201.35within the sector's middle half▲ 0.151.46within the sector's middle half▲ 0.110.98below the sector's middle half▼ 0.481.14below the sector's middle half▲ 0.161.30within the sector's middle half▲ 0.16
Return on assets (ROA)10.0%-16.6%above the sector's middle half▲ 6.6pp10.7%within the sector's middle half▼ 5.9pp12.4%within the sector's middle half▲ 1.7pp15.3%above the sector's middle half▲ 2.9pp12.0%within the sector's middle half▼ 3.3pp1.8%within the sector's middle half▼ 10.2pp
Staff (FTE)18.9-19.3above the sector's middle half▲ 2.1%21.8above the sector's middle half▲ 13.0%19.2above the sector's middle half▼ 11.9%17.3above the sector's middle half▼ 9.9%16.8above the sector's middle half▼ 2.9%15within the sector's middle half▼ 10.7%
abovewithinbelowthe middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
2025Net result -90% on 2024.The accounts now follow the full format, last year the abbreviated format.
2022Net result +72% on 2021.The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
97.9%
Fixed assets€34,781 ▼ 51.3%
Current assets€1.6m ▼ 34.6%
Equity and liabilities €1.6m
24.7%
75.3%
Equity€406,953 ▲ 7.9%
Debt€1.2m ▼ 42.5%
Debt's share of the balance-sheet total falls from 85.1% to 75.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€122,481▼
2024 · €479,030
Cash flow
€66,614▼
2024 · €359,123
Quick ratio
1.00▲
2024 · 0.96
Debt to equity
3.05▼
2024 · 5.73
ROE
7.4%▼
2024 · 80.8%
Interest coverage
3.23▼
2024 · 20.29
Debt ≤ 1 year
€1.2m▼
2024 · €2.2m
Income taxes
€23,542▼
2024 · €109,510
Staff costs
€1.0m▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96.6% are still going.
Small
5 to 10 years old
solvency 10 to 30%
a profit under 5% of the balance sheet
1.9%went bankrupt
1.4%stopped otherwise
96.6%still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
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%
0.9%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.8%
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 74.5% 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 2,372 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
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 54 lines
Balance sheetCode20242025
Assets
Total assets20/58€2.5m€1.6m▼
Fixed assets21/28€0.07m€0.03m▼
Intangible fixed assets21€0.01m€0.007m▼
Tangible fixed assets22/27€0.04m€0.01m▼
Plant, machinery and equipment23€0.006m€0.008m▲
Furniture and vehicles24€0.03m€0.002m▼
Financial fixed assets28€0.02m€0.02m▼
Current assets29/58€2.5m€1.6m▼
Stocks and contracts in progress3€0.4m€0.4m▼
Contracts in progress37€0.4m€0.4m▼
Amounts receivable within one year40/41€2.0m€1.2m▼
Trade receivables40€1.6m€1.1m▼
Other amounts receivable41€0.4m€0.09m▼
Deferred charges and accrued income490/1€0.03m€0.01m▼
Equity and liabilities
Total equity and liabilities10/49€2.5m€1.6m▼
Equity10/15€0.4m€0.4m▲
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€0.01m€0.01m=
Non-distributable reserves130/1€0.01m€0.01m=
Legal reserve130€0.01m€0.01m=
Profit (loss) carried forward14€0.3m€0.3m▲
Amounts payable17/49€2.2m€1.2m▼
Amounts payable within one year42/48€2.2m€1.2m▼
Trade debts44€1.3m€0.7m▼
Suppliers440/4€1.3m€0.7m▼
Advances received on contracts in progress46€0.3m€0.06m▼
Taxes, remuneration and social security45€0.2m€0.2m▲
Taxes450/3€0.1m€0.1m▲
Remuneration and social security454/9€0.08m€0.09m▲
Other amounts payable47/48€0.4m€0.3m▼
Accrued charges and deferred income492/3-€441
Income statementCode20242025
Non-recurring operating income76A€0.01m€0.02m▲
Remuneration, social security and pensions62€1.1m€1.0m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m€0.04m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.002m€0▼
Other operating charges640/8€0.003m€0.002m▼
Non-recurring operating charges66A€0.003m€0.001m▼
Gross operating margin9900€1.6m€1.1m▼
Operating profit (loss)9901€0.4m€0.09m▼
Financial income75/76B€0.01m€0.006m▼
Recurring financial income75€0.01m€0.006m▼
Financial charges65/66B€0.02m€0.04m▲
Recurring financial charges65€0.02m€0.04m▲
Profit (loss) for the period before taxes9903€0.4m€0.05m▼
Income taxes67/77€0.1m€0.02m▼
Profit (loss) for the period9904€0.3m€0.03m▼
Profit (loss) for the period to be appropriated9905€0.3m€0.03m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.3m€0.3m▲
Profit (loss) brought forward from the previous period14P€0€0.3m▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance sheet
Average headcount (FTE)908716.815.0▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2019
2020
2021
2022
2023
2024
2025
Change
Operating income70/76A
-
-
€8.7m
-
-
-
-
-
Turnover70
€3.9m
€6.8m
€8.6m
-
-
-
-
-
Other operating income74
-
-
€0.05m
-
-
-
-
-
Non-recurring operating income76A
-
-
-
-
€228
€0.01m
€0.02m
▲ 54.9%
Operating charges60/66A
-
-
€8.3m
-
-
-
-
-
Goods for resale, raw materials and consumables60
-
-
€6.6m
-
-
-
-
-
Purchases600/8
-
-
€6.8m
-
-
-
-
-
Change in stocks: decrease (increase)609
-
-
-€0.2m
-
-
-
-
-
Services and other goods61
-
-
€0.3m
-
-
-
-
-
Remuneration, social security and pensions62
-
-
€1.2m
€1.3m
€1.2m
€1.1m
€1.0m
▼ 6.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€0.06m
€0.09m
€0.1m
€0.09m
€0.08m
€0.05m
€0.04m
▼ 32.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
-
€0.01m
-€0.01m
€0.002m
€0
▼ 100%
Other operating charges640/8
-
-
€0.006m
€0.009m
€0.004m
€0.003m
€0.002m
▼ 35.9%
Non-recurring operating charges66A
-
-
-
€0.003m
€0.001m
€0.003m
€0.001m
▼ 74.6%
Gross operating margin9900
-
-
-
€2.1m
€1.8m
€1.6m
€1.1m
▼ 27.7%
Operating profit (loss)9901
€0.3m
€0.4m
€0.4m
€0.7m
€0.5m
€0.4m
€0.09m
▼ 79.8%
Financial income75/76B
-
-
€0.01m
€0.03m
€0.03m
€0.01m
€0.006m
▼ 57.4%
Recurring financial income75
€0.01m
€0.05m
€0.01m
€0.03m
€0.03m
€0.01m
€0.006m
▼ 57.4%
Income from financial fixed assets750
-
-
€364
-
-
-
-
-
Other financial income752/9
-
-
€0.01m
-
-
-
-
-
Financial charges65/66B
-
-
€0.02m
€0.02m
€0.01m
€0.02m
€0.04m
▲ 60.8%
Recurring financial charges65
€0.02m
€0.02m
€0.02m
€0.02m
€0.01m
€0.02m
€0.04m
▲ 60.8%
Debt charges650
€0.02m
€0.02m
€0.02m
-
-
-
-
-
Other financial charges652/9
-
-
€0.001m
-
-
-
-
-
Profit (loss) for the period before taxes9903
€0.3m
€0.4m
€0.4m
€0.7m
€0.5m
€0.4m
€0.05m
▼ 87.1%
Income taxes67/77
€0.09m
€0.1m
€0.1m
€0.2m
€0.1m
€0.1m
€0.02m
▼ 78.5%
Taxes670/3
-
-
€0.1m
-
-
-
-
-
Profit (loss) for the period9904
€0.2m
€0.3m
€0.3m
€0.5m
€0.3m
€0.3m
€0.03m
▼ 90.2%
Profit (loss) for the period to be appropriated9905
€0.2m
€0.3m
€0.3m
€0.5m
€0.3m
€0.3m
€0.03m
▼ 90.2%
Line
2019
2020
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€2.0m
€1.9m
€2.6m
€3.9m
€2.3m
€2.5m
€1.6m
▼ 35.0%
Fixed assets21/28
€0.3m
€0.3m
€0.3m
€0.2m
€0.1m
€0.07m
€0.03m
▼ 51.3%
Intangible fixed assets21
€0.1m
€0.09m
€0.06m
€0.03m
€0.004m
€0.01m
€0.007m
▼ 40.5%
Tangible fixed assets22/27
€0.1m
€0.2m
€0.2m
€0.1m
€0.09m
€0.04m
€0.01m
▼ 71.9%
Plant, machinery and equipment23
-
-
€0.03m
€0.02m
€0.01m
€0.006m
€0.008m
▲ 45.4%
Furniture and vehicles24
-
-
€0.2m
€0.1m
€0.07m
€0.03m
€0.002m
▼ 92.6%
Financial fixed assets28
€0.003m
€0.004m
€0.006m
€0.02m
€0.02m
€0.02m
€0.02m
▼ 22.1%
Other financial fixed assets284/8
-
-
€0.006m
-
-
-
-
-
Amounts receivable and cash guarantees285/8
-
-
€0.006m
-
-
-
-
-
Current assets29/58
€1.8m
€1.6m
€2.4m
€3.7m
€2.1m
€2.5m
€1.6m
▼ 34.6%
Stocks and contracts in progress3
€0.1m
€0.04m
€0.2m
€0.7m
€0.1m
€0.4m
€0.4m
▼ 4.5%
Stocks30/36
-
-
€0.2m
€0.7m
-
-
-
-
Raw materials and consumables30/31
-
-
€0.2m
-
-
-
-
-
Contracts in progress37
-
-
-
-
€0.1m
€0.4m
€0.4m
▼ 4.5%
Amounts receivable within one year40/41
€1.4m
€1.6m
€2.1m
€2.7m
€2.0m
€2.0m
€1.2m
▼ 40.0%
Trade receivables40
-
-
€1.8m
€1.9m
€1.8m
€1.6m
€1.1m
▼ 29.7%
Other amounts receivable41
-
-
€0.3m
€0.8m
€0.2m
€0.4m
€0.09m
▼ 78.2%
Cash at bank and in hand54/58
€0.2m
€0.02m
€0.1m
€0.3m
€0
-
-
-
Deferred charges and accrued income490/1
-
-
€0.02m
€0.001m
€0.01m
€0.03m
€0.01m
▼ 52.3%
Equity and liabilities
Total equity and liabilities10/49
€2.0m
€1.9m
€2.6m
€3.9m
€2.3m
€2.5m
€1.6m
▼ 35.0%
Equity10/15
€0.3m
€0.6m
€0.9m
€1.4m
€0.07m
€0.4m
€0.4m
▲ 7.9%
Contributions10/11
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
=
Capital10
-
-
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
=
Issued capital100
-
-
€0.06m
€0.06m
€0.06m
€0.06m
€0.06m
=
Reserves13
€0.01m
€0.01m
€0.01m
€0.01m
€0.01m
€0.01m
€0.01m
=
Non-distributable reserves130/1
-
-
€0.01m
€0.01m
€0.01m
€0.01m
€0.01m
=
Legal reserve130
-
-
€0.01m
€0.01m
€0.01m
€0.01m
€0.01m
=
Profit (loss) carried forward14
€0.2m
€0.5m
€0.8m
€1.3m
€0
€0.3m
€0.3m
▲ 9.8%
Amounts payable17/49
€1.8m
€1.3m
€1.8m
€2.5m
€2.2m
€2.2m
€1.2m
▼ 42.5%
Amounts payable within one year42/48
€1.8m
€1.3m
€1.8m
€2.5m
€2.2m
€2.2m
€1.2m
▼ 42.5%
Trade debts44
€0.6m
€0.4m
€0.9m
€2.0m
€0.6m
€1.3m
€0.7m
▼ 48.7%
Suppliers440/4
-
-
€0.9m
€2.0m
€0.6m
€1.3m
€0.7m
▼ 48.7%
Advances received on contracts in progress46
-
-
-
€0.3m
€0.4m
€0.3m
€0.06m
▼ 77.9%
Taxes, remuneration and social security45
-
-
€0.05m
€0.3m
€0.3m
€0.2m
€0.2m
▲ 13.3%
Taxes450/3
-
-
-
€0.2m
€0.2m
€0.1m
€0.1m
▲ 20.1%
Remuneration and social security454/9
-
-
€0.05m
€0.07m
€0.09m
€0.08m
€0.09m
▲ 3.5%
Other amounts payable47/48
-
-
€0.8m
-
€0.9m
€0.4m
€0.3m
▼ 25.9%
Accrued charges and deferred income492/3
-
-
€0.005m
-
-
-
€441
-
Line
2019
2020
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€204,141
€320,939
€282,151
€484,048
€346,250
€304,798
€29,948
▼ 90.2%
+ Depreciation and write-downs630
€64,329
€87,825
€116,540
€85,688
€80,808
€54,325
€36,666
▼ 32.5%
Operating cash flow (approximation)
€268,471
€408,764
€398,691
€569,736
€427,059
€359,123
€66,614
▼ 81.5%
Investment in fixed assets (approximation)
-
-€145,219
-€53,649
-€22,850
-€5,925
-€13,381
€21
-
Change in cash
-
-€170,865
€86,192
€242,676
-€346,094
-
-
-
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Of the 8,460 active companies whose main activity is roofing work (NACE 43410), figures are known for 4,425. 3,094 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
Flemish government
Subsidies and aid from the Flemish government to this company. Public aid says something about projects and the obligations that come with it.
1 entry · €270 · €270 paid · Fonds voor Innoveren en Ondernemen
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office holders. Many recent board changes are a reason to keep a close eye.
Not every act has been read: a resignation may still be missing
6 of this company's 15 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
Baeck Cladding was incorporated on 19 February 2019.1The registered office was moved to Ranst in 2026.2Turnover grew from €3.9m in 2019 to €8.6m in 2021 and headcount from 18.9 full-time equivalents in 2019 to 15 in 2025.3
Other provision, “bedrijfsjurist, professionele functie” (deed in Dutch)
08-07
NBB filingAnnual accounts filed
financial year 2024 · abbreviated format
23-05
Gazette deedPermanent representatives: Wim Vriesacker and Peter Van Ingelghem
Power of attorney9 facts ▸
Board meeting, 01-04-2025
Other provision, “verval eerdere bijzondere volmachten, alle eerder toegekende bijzondere volmachten vervallen voor nadien gestelde rechtshandelingen” (deed in Dutch)
Permanent representative, Wim Vriesacker (vv)
Permanent representative, Peter Van Ingelghem (vv)
Power of attorney, Re:Build BV
Power of attorney, Sandina BV
Power of attorney, Marc Vercammen
Power of attorney, Koen Andries
Power of attorney, Maaike Pots
10-03
Gazette deedResignations: GROES Erik (director) and In Factum BV (director)
Permanent representatives: Christophe Holthof, Wim Vriesacker and Van Ingelghem Peter · Appointments: RE:build (director) and Sandina (director) · Director discharge13 facts ▸
General meeting, 06-01-2025
Director resignation, GROES Erik (director)
Director resignation, In Factum BV (director)
Permanent representative, Christophe Holthof
Director discharge, GROES Erik
Director discharge, In Factum BV
Director appointment, RE:build (director)
Director appointment, Sandina (director)
Permanent representative, Wim Vriesacker
Permanent representative, Van Ingelghem Peter
Board meeting, 06-01-2025
Director resignation, In Factum BV (managing director)
A profit in every financial year since 2019 builds equity to €587,080.
12-07
NBB filingAnnual accounts filed
financial year 2019 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
9 of 15 deeds read
About the unread acts
Of the 15 Belgian Official Gazette deeds we know for this company, 9 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation
If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number
0720.874.603
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.