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BAELDE STEFAAN

Active
Private limited company (pre-2019)founded 2004active for 22 yearsHenry Van de Veldelaan 18, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0866.115.869
Summary

The computed 12-month bankruptcy probability of BAELDE STEFAAN is 1.8% (moderate). The annual accounts of BAELDE STEFAAN for financial year 2025 show a net loss of 77% of the equity at the start of that year. The 2025 annual accounts show equity of €5,608 and a net result of -€19,166. Equity is shrinking by about 26% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 14% of 34,728 sector peers (NACE 43, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
BAELDE STEFAANActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Other specialised construction activities
NACE 43990
1 site
Size
€55,469total assets 2025
Equity
€5,608
Loss
-€19,166
Turnover not published (micro format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.8%
Structure
2025 accounts 1 day early4 deeds in the Belgian Official Gazette
Why 53raises riskLoss of €19,166, the second in a row (financial year 2025)Sector: Specialised construction activities (NACE 43)1 of the last 3 latelowers riskSize: total assets €55,469Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 17% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 35-25
equity 10.1% of total assets
Liquidity 51-4
short-term debt 8.8% · cash 1.2%
Profitability 0=
return on assets -34.6%
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,644 companies, NACE 43, micro)
Last 24 months 11-2024: 1.2% 12-2024: 1.2%● unchanged vs 11-2024 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.1%▼ -0.1 percentage points vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025lowest value 04-2025: 1.2%▲ +0.1 percentage points vs 03-2025 05-2025: 1.3%▲ +0.1 percentage points vs 04-2025 06-2025: 1.3%● unchanged vs 05-2025 07-2025: 1.3%● unchanged vs 06-2025 08-2025: 1.3%● unchanged vs 07-2025 09-2025: 1.3%● unchanged vs 08-2025 10-2025: 1.2%▼ -0.1 percentage points vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.4%▲ +0.2 percentage points vs 03-2026 05-2026: 1.8%▲ +0.4 percentage points vs 04-2026 06-2026: 1.8%● unchanged vs 05-2026 07-2026: 1.8%● unchanged vs 06-2026 08-2026: 1.8%● unchanged vs 07-2026 09-2026: 1.8%● unchanged vs 08-2026highest value 10-2026: 1.8%● unchanged vs 09-2026
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.45, compared with 0.54 in 2024, below 1; short-term debt: 8.8% and cash: 1.2% of total assets), and 89.9% 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, micro): better than 14% on solvency, 46% on liquidity, 4% on profitability and 5% on growth.

The bankruptcy probability was computed on 27-10-2026 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).

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Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €55,469
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €19,166, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · 1 of the last 3 late
NBB · filings
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€19,166
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 34728 sector peers (2025).
NBB · sector comparison
Position among 34728 sector peers
Solvency
better than 14%
← weakest strongest →
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 filings
Deviation from the deadline
2025
1 day early
2024
22 days early
2023
71 days late
2022
9 days early
2021
20 days late
2020
27 days early
2019
8 days 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 3 days after 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 financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end27-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Risk: 5 loss-making years in a rowloss financial year 2025 -€19,166 View
  • Caution: Among the weakest 8% on net resultsector median €10,238 · 34,715 companies -€19,166 View
  • Total assets 20256 financial years filed €55,469 View

By topic

Financials

Financial year
2025
Total assets
€55,469
Loss
-€19,166
Solvency
10.1%
Total assets▼ 22.4%
Net result
20192025
Go to Financials

Timeline

Events
24
Since
2006
Next accounts
by 30-04-2027
  1. 30-09-2023Weakest financial year
  2. 30-09-2023Liquidity more than triples
  3. 21-04-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Other specialised construction activitiesNACE 43990
Founded
02-07-2004
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Key facts about BAELDE STEFAAN

What is the company number of BAELDE STEFAAN?
0866.115.869. In Belgium the VAT number is the company number with BE in front: BE 0866.115.869.
Where is BAELDE STEFAAN based?
The registered office is at Henry Van de Veldelaan 18, 8300 Knokke-Heist.Company details
What does BAELDE STEFAAN do?
According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of BAELDE STEFAAN?
Private limited company (pre-2019) (BVBA).
When was BAELDE STEFAAN founded?
On 02-07-2004.
Is BAELDE STEFAAN still active?
Yes, BAELDE STEFAAN is an active enterprise in the KBO register.
How many employees does BAELDE STEFAAN have?
On average 0.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of BAELDE STEFAAN?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is BAELDE STEFAAN profitable?
In financial year 2025, BAELDE STEFAAN made a loss of €19,166.
Where can I find the annual accounts of BAELDE STEFAAN?
BAELDE STEFAAN filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BAELDE STEFAAN due?
By 30-04-2027, for financial year 2026.Timeline

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