Equity
€504,220 ▲ 26.4%
BAEKE has made a profit in every financial year since 2011.
BAEKE
Lifetime
15 annual accounts with figures on one time axispeak €219,827 (2023)
€183,184▼ 4.8%
peak €105,161 (2025)
€105,161▲ 0.4%
peak €504,220 (2025)
€504,220▲ 26.4%
€113,687▼ 31.2%
peak 1 FTE (2019)
-not published
Board1 name since 2010
1 directorAndy Baeke
Documentsfilings and deeds
29-04-20261 day before the deadline
2025micro format
Equity from €399,059 to €504,220Debts from €165,163 to €113,687Cash from €138,652 to €231,959
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 82% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026highest value
06-2026: < 0.1%▼ -0.2 percentage points vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 3.92, cash €231,959
Equity €504,220 (81.6% of total assets)
Founded in 2010
Calculation
The band follows from the bankruptcy probability. 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, micro). It does better than 90% of them on solvency, 91% on liquidity, 76% on profitability and 72% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as BAEKE has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of BAEKE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for BAEKE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.92 (2.25 in 2024), above the usual 1.5. Short-term debt is 14.4% and cash 37.5% of total assets. 18.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
27 days early
2023
28 days early
2022
32 days early
2021
16 days early
2020
1 day early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 3 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0831837059
Company renamed from ANDY BAEKE to BAEKE
Appointment: Andy Baeke (statutory director) · “Algemene elektriciteitswerken; Ventilatie; Domotica; Leveren en plaatsen van centrale stofzuigsystemen; Aan en…” (deed in Dutch) · Gazette deed
Capital decrease of €74,638.87 to €18,600
Capital from €93,238.87 to €18,600 · General meeting of 29-01-2018 · Gazette deed
Incorporation
published on 22-12-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BAEKE Sint-Laureins | €617,908 | €183,184 | 81.6% | - |
| RESULT LIGHTING Temse | €606,387 | €168,078 | 44.9% | - |
| HEAT SWITCH Melle | €564,323 | €224,781 | 36.8% | 4.6 |
| Frédéric Van den Berghe Dendermonde | €722,052 | €209,321 | 69.3% | 1.6 |
| X4 Harelbeke | €613,030 | €201,564 | 65.7% | - |
| Henk Vandenbogaerde Anzegem | €598,063 | €207,161 | 86.1% | - |
| RGS Security Rixensart | €668,367 | €195,271 | 80.2% | - |
These companies have the same main activity as BAEKE: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €564,000 and €722,000, founded between 2009 and 2012.
Official details
Source: KBO- Status
- Active since 13-12-2010Normal situation
- Activity
- General electrical installation workNACE 43211
- Establishment unit
- 2.196.396.6359982 Sint-Laureins, since 13-12-2010
- Financial year end
- 30 September
- Peppol
- Reachable since 10-06-2026
Annual accounts to 30-09-2025
- ≈ €540,000estimated
- €617,908▲ 9.5%
- Filing
- Filed on 29-04-2026, 1 day before the end of the filing period
Insights on BAEKE
BAEKE files the micro format. That format states no turnover. The gross margin rose from €146,245 in 2011 to €183,184 in 2025.
The balance sheet grew most from 2013 to 2015 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BAEKE
- What is the company number of BAEKE?
- The company number of BAEKE is 0831.837.059. The VAT number is the same number with BE in front: BE 0831.837.059.
- Where is BAEKE based?
- The registered office is at Ketterijstraat 60, 9982 Sint-Laureins.Company details
- What does BAEKE do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of BAEKE?
- BAEKE is a private limited company (BV).
- When was BAEKE founded?
- BAEKE was founded on 13-12-2010.
- Is BAEKE still active?
- Yes, BAEKE is an active enterprise in the KBO register.
- How many employees does BAEKE have?
- BAEKE had an average of 0.2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of BAEKE?
- The turnover in financial year 2025 is ≈ €540,000. This figure is estimated from the gross margin of €183,184 and 38 comparable companies (NACE 43211). It probably lies between €370,000 and €670,000.
- Is BAEKE profitable?
- In financial year 2025, BAEKE made a profit of €105,161.
- Where can I find the annual accounts of BAEKE?
- BAEKE filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BAEKE due?
- BAEKE must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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