BAECKE
ActiveSummary
BAECKE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €303,123. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 39% of 483 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+2
Solvency56▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.3 in 2024; short-term debt: 45.1% and cash: 5.3% of total assets), and 69.5% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more 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
30.5%
Return on assets
5.6%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
7 d early
2023
76 d early
2022
32 d early
2021
11 d early
2020
53 d early
2019
39 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 33 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.7m▲ 22.3%
2024 · €1.4m
Total assets
€5.5m▲ 21.4%
2024 · €4.5m
Net result
€303,123▲ 67.2%
2024 · €181,294
Working capital
€729,676▲ 21.7%
2024 · €599,417
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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
Operating result€133,215▲ 401%€137,109▲ 2.9%€211,603▲ 54.3%€288,579▲ 36.4%€442,859▲ 53.5%
Net result€110,800within the sector's middle half▲ 6,666%€112,468within the sector's middle half▲ 1.5%€148,510within the sector's middle half▲ 32.0%€181,294above the sector's middle half▲ 22.1%€303,123above the sector's middle half▲ 67.2%
Equity€918,083above the sector's middle half▲ 13.7%€1.0mabove the sector's middle half▲ 12.3%€1.2mabove the sector's middle half▲ 14.4%€1.4mabove the sector's middle half▲ 15.4%€1.7mabove the sector's middle half▲ 22.3%
Total assets€2.9mabove the sector's middle half▲ 16.2%€3.3mabove the sector's middle half▲ 13.3%€4.0mabove the sector's middle half▲ 21.0%€4.5mabove the sector's middle half▲ 12.1%€5.5mabove the sector's middle half▲ 21.4%
Debt€2.0m▲ 17.4%€2.3m▲ 13.7%€2.8m▲ 24.0%€3.1m▲ 10.7%€3.8m▲ 21.1%
Working capital€449,900▼ 3.8%€407,674▼ 9.4%€580,946▲ 42.5%€599,417▲ 3.2%€729,676▲ 21.7%
Solvency31.4%within the sector's middle half▼ 0.7pp31.1%within the sector's middle half▼ 0.3pp29.4%within the sector's middle half▼ 1.7pp30.3%within the sector's middle half▲ 0.9pp30.5%within the sector's middle half▲ 0.2pp
Staff (FTE)4within the sector's middle half=4.3within the sector's middle half▲ 7.5%4.8within the sector's middle half▲ 11.6%5.1within the sector's middle half▲ 6.3%6.4within the sector's middle half▲ 25.5%
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four 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
Assets €5.5m
Fixed assets
€2.3m ▲ 20.6%
Current assets
€3.2m ▲ 22.1%
Equity and liabilities €5.5m
Equity
€1.7m ▲ 22.3%
Debt
€3.8m ▲ 21.1%
Debt's share of the balance-sheet total falls from 69.7% to 69.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.1m▲
2024 · €747,261
Cash flow
€921,192▲
2024 · €639,977
Current ratio
1.30▼
2024 · 1.30
Debt to equity
2.28▼
2024 · 2.30
ROE
18.2%▲
2024 · 13.3%
ROA
5.6%▲
2024 · 4.0%
Interest coverage
15.77▲
2024 · 12.79
Debt ≤ 1 year
€2.5m▲
2024 · €2.0m
Debt > 1 year
€1.3m▲
2024 · €1.1m
Income taxes
€76,566▲
2024 · €52,496
Staff costs
€666,014▲
2024 · €564,103
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 0.5% 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €50,537 | €32,938 | €81,104 | €82,631 | €27,750 | ▼ 66.4% |
| Remuneration, social security and pensions62 | €374,487 | €396,342 | €478,284 | €564,103 | €666,014 | ▲ 18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €314,955 | €426,293 | €466,322 | €458,682 | €618,069 | ▲ 34.7% |
| Other operating charges640/8 | €6,127 | €4,949 | €32,623 | €6,343 | €16,628 | ▲ 162% |
| Non-recurring operating charges66A | €961 | €0 | - | - | - | - |
| Gross operating margin9900 | €829,746 | €964,692 | €1.2m | €1.3m | €1.7m | ▲ 32.3% |
| Operating profit (loss)9901 | €133,215 | €137,109 | €211,603 | €288,579 | €442,859 | ▲ 53.5% |
| Financial income75/76B | €3,055 | €3,309 | €3,414 | €3,652 | €4,090 | ▲ 12.0% |
| Recurring financial income75 | €3,055 | €3,309 | €3,414 | €3,652 | €4,090 | ▲ 12.0% |
| Financial charges65/66B | €21,867 | €27,805 | €43,129 | €58,441 | €67,261 | ▲ 15.1% |
| Recurring financial charges65 | €21,867 | €27,805 | €43,129 | €58,441 | €67,261 | ▲ 15.1% |
| Profit (loss) for the period before taxes9903 | €114,404 | €112,612 | €171,888 | €233,791 | €379,688 | ▲ 62.4% |
| Income taxes67/77 | €3,604 | €144 | €23,378 | €52,496 | €76,566 | ▲ 45.9% |
| Profit (loss) for the period9904 | €110,800 | €112,468 | €148,510 | €181,294 | €303,123 | ▲ 67.2% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €110,800 | €112,468 | €148,510 | €181,294 | €303,123 | ▲ 67.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €3.3m | €4.0m | €4.5m | €5.5m | ▲ 21.4% |
| Fixed assets21/28 | €1.1m | €1.4m | €1.4m | €1.9m | €2.3m | ▲ 20.6% |
| Tangible fixed assets22/27 | €1.1m | €1.4m | €1.4m | €1.9m | €2.3m | ▲ 20.6% |
| Plant, machinery and equipment23 | €105,249 | €158,334 | €149,270 | €161,911 | €164,028 | ▲ 1.3% |
| Furniture and vehicles24 | €199,003 | €140,533 | €291,735 | €498,878 | €648,992 | ▲ 30.1% |
| Leasing and similar rights25 | €752,895 | €1.1m | €1.0m | €1.2m | €1.4m | ▲ 19.3% |
| Financial fixed assets28 | €2,491 | €2,619 | €2,922 | €2,922 | €2,922 | = |
| Current assets29/58 | €1.9m | €1.9m | €2.6m | €2.6m | €3.2m | ▲ 22.1% |
| Amounts receivable within one year40/41 | €1.8m | €1.7m | €2.1m | €2.1m | €2.8m | ▲ 32.4% |
| Trade receivables40 | €1.6m | €1.5m | €1.9m | €1.9m | €2.6m | ▲ 34.1% |
| Other amounts receivable41 | €195,288 | €147,026 | €177,884 | €191,769 | €221,236 | ▲ 15.4% |
| Cash at bank and in hand54/58 | €91,630 | €212,946 | €428,876 | €452,403 | €288,655 | ▼ 36.2% |
| Deferred charges and accrued income490/1 | €4,851 | €35,998 | €42,488 | €28,514 | €77,824 | ▲ 173% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €3.3m | €4.0m | €4.5m | €5.5m | ▲ 21.4% |
| Equity10/15 | €918,083 | €1.0m | €1.2m | €1.4m | €1.7m | ▲ 22.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €897,632 | €1.0m | €1.2m | €1.3m | €1.6m | ▲ 22.6% |
| Amounts payable17/49 | €2.0m | €2.3m | €2.8m | €3.1m | €3.8m | ▲ 21.1% |
| Amounts payable after more than one year17 | €591,456 | €761,368 | €851,154 | €1.1m | €1.3m | ▲ 19.1% |
| Financial debts170/4 | €591,456 | €761,368 | €851,154 | €1.1m | €1.3m | ▲ 19.1% |
| Amounts payable within one year42/48 | €1.4m | €1.5m | €2.0m | €2.0m | €2.5m | ▲ 22.2% |
| Current portion of amounts payable after more than one year42 | €263,255 | €378,490 | €359,243 | €454,487 | €591,691 | ▲ 30.2% |
| Financial debts43 | €100,000 | €300,000 | €300,000 | €258,453 | €262,527 | ▲ 1.6% |
| Credit institutions430/8 | €100,000 | €300,000 | €300,000 | €258,453 | €262,527 | ▲ 1.6% |
| Trade debts44 | €961,726 | €786,442 | €1.2m | €1.2m | €1.5m | ▲ 22.9% |
| Suppliers440/4 | €961,726 | €786,442 | €1.2m | €1.2m | €1.5m | ▲ 22.9% |
| Taxes, remuneration and social security45 | €87,388 | €51,755 | €95,275 | €108,253 | €140,562 | ▲ 29.8% |
| Taxes450/3 | €41,786 | €23,318 | €54,245 | €40,881 | €37,149 | ▼ 9.1% |
| Remuneration and social security454/9 | €45,602 | €28,438 | €41,030 | €67,371 | €103,413 | ▲ 53.5% |
| Accrued charges and deferred income492/3 | - | €796 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €110,800 | €112,468 | €148,510 | €181,294 | €303,123 | ▲ 67.2% |
| + Depreciation and write-downs630 | €314,955 | €426,293 | €466,322 | €458,682 | €618,069 | ▲ 34.7% |
| Operating cash flow (approximation) | €425,756 | €538,761 | €614,832 | €639,977 | €921,192 | ▲ 43.9% |
| Investment in fixed assets (approximation) | - | -€751,695 | -€530,550 | -€888,529 | -€1.0m | ▼ 13.1% |
| Change in cash | - | €121,316 | €215,930 | €23,526 | -€163,748 | ▼ 796% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €303,123 ▲67.2%
Operating result €442,859, net result €303,123, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1mEq €1.0m ▲12.3%
5 profitable years in a row build equity to €1.0m.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €1,638 ▼99.2%
Net result drops to €1,638, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1995
Ground area
1.3 ha
Building footprint
2,845 m²
Volume, LiDAR
17,754 m³
Parcel 46027C0817/00K000, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kieldrechtsebaan(VER) 51, 9130 Beveren-Kruibeke-Zwijndrecht
since 19952.072.544.659
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46027C0817/00K000 | Flanders | 1.3 ha | 1 · 2,845 m² | 13.2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 20,910 EUR awarded · 19,995 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,310 EUR | 1,470 EUR |
| 2023 | 2 | 18,600 EUR | 18,525 EUR |
Recognitions · licences · registrations
Recognised contractor
2 categoriesBAECKE BV44592
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Of 298 companies in sector 33150 we hold annual accounts for 159. 84 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
Founded02-05-1995
Fiscal year end31-12
Activities, NACEBEL 2025
33150Repair, maintenance and installation of machinery and equipment
43990Other specialised construction activities
46190Agents in non-specialised wholesale trade
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455147061
Also
9925:BE0455147061
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.