Debts
€44,938 84% of the balance sheet
After one year 15%Within one year 85%
Of this, €38,340 falls due within a year.
BAELE- CHERPADVI
Lifetime
19 annual accounts with figures on one time axis, 36 filings since 1990peak €21,903 (2013)
-€3,626▼ €12,277
lowest -€32,977 (2007)
-€10,126▼ €12,558
peak €30,424 (2021)
€8,749▼ 53.6%
€44,938unchanged
peak 1 FTE (2014)
-not published
Board1 name since 2023
1 directorPatrick Baele
Documentsfilings and deeds
20-02-202620 days late
2025micro format
Gross margin from €8,651 to -€3,626Loss of €10,126Equity from €18,875 to €8,749
Key points
from the 2025 annual accountsFilings
36 annual accounts since 1990
Four of the last ten came late. The 2016 accounts came latest: 35 days after the end of the period.
Position in the sector
-€10,126
Lower net result than 85% of companies in land transport. Sector median €5,676 · 5,924 companies.
Checked score
52
Fair
Financially stronger than 16% of micro companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%lowest value
01-2025: 1.2%▲ +0.3 percentage points vs 12-2024
02-2025: 1.7%▲ +0.5 percentage points vs 01-2025
03-2025: 1.0%▼ -0.7 percentage points vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025
08-2025: 1.0%● unchanged vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.3%▲ +0.3 percentage points vs 12-2025
02-2026: 2.0%▲ +0.7 percentage points vs 01-2026
03-2026: 2.1%▲ +0.1 percentage points vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.1%● unchanged vs 05-2026
07-2026: 2.1%● unchanged vs 06-2026
08-2026: 2.1%● unchanged vs 07-2026
09-2026: 2.1%● unchanged vs 08-2026
10-2026: 2.2%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 2.0%▼ -0.2 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
Loss of €10,126 (financial year 2025)
Liquidity: current ratio 0.53
lowers risk
Size: turnover €6,555, total assets €53,687
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 49, micro). It does better than 28% of them on solvency, 20% on liquidity, 6% on profitability and 11% 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 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 1,221 companies had the same profile as BAELE- CHERPADVI has now. Each dot stands for 4 companies, two years later.
88.6%
were still trading
7.4%
stopped another way
3.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BAELE- CHERPADVI itself: 2.0% 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 1,221 companies, not a prediction for BAELE- CHERPADVI. 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
No publishable credit limit, so 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 is insufficient, with a current ratio of 0.53 (0.8 in 2024), below 1. Short-term debt is 71.4% of total assets. 83.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 20 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-02-2026, 20 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
20 days late
2024
1 day late
2023
4 days early
2022
1 day early
2021
2 days early
2020
1 day early
2019
3 days late
← 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 2 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (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
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Recent changes
Company renamed from TRANSPORT BAELE to BAELE - CHERPADVI
Appointment: Patrick Baele (director) · “Verlenen van bouwkundige adviezen aan de bouwheer; Toezien op de bouwwerkzaamheden; Leiden van belangrijke…” (deed in Dutch) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 07-12-2023 · Gazette deed
Capital increase of €98,019.66 to €116,611.67
Capital from €18,592.01 to €116,611.67, 3,954 new shares · Contribution: Patrick BAELE · Gazette deed
First establishment
Incorporation
published on 28-09-1989 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BAELE- CHERPADVI Aalst | €53,687 | -€3,626 | 16.3% | - |
| AB.5 Jette | €58,408 | €350 | 33.1% | - |
| ORCANO TRANS Bruges | €65,703 | -€6,856 | 14.8% | - |
| TRANSPORTS GANIC Mont-de-l'Enclus | €62,585 | -€12,944 | 77.4% | - |
| TRANSPORTS INTERNATIONAUX DIDIER MICHEL Fontaine-l'Evêque | €69,999 | -€2,183 | 46.5% | - |
| JANSSENS & Co Buggenhout | €91,496 | -€8,934 | -261.2% | - |
| Hoes Transport Agriculture Berlaar | €71,809 | -€21,543 | -49.0% | - |
These companies have the same main activity as BAELE- CHERPADVI: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €58,400 and €91,500, founded between 1985 and 1995.
Official details
Source: KBO- Status
- Active since 14-09-1989Normal situation
- Activity
- Freight transport by roadNACE 49410
- Establishment unit
- 2.044.933.907since 26-09-1989
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Insights on BAELE- CHERPADVI
BAELE- CHERPADVI files the micro format. That format states no turnover. The gross margin fell from €8,610 in 2007 to -€3,626 in 2025.
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 BAELE- CHERPADVI
- What is the company number of BAELE- CHERPADVI?
- The company number of BAELE- CHERPADVI is 0438.272.229. The VAT number is the same number with BE in front: BE 0438.272.229.
- Where is BAELE- CHERPADVI based?
- The registered office is at Hoogstraat 74, 9308 Aalst.Company details
- What does BAELE- CHERPADVI do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of BAELE- CHERPADVI?
- BAELE- CHERPADVI is a private limited company (BV).
- When was BAELE- CHERPADVI founded?
- BAELE- CHERPADVI was founded on 14-09-1989.
- Is BAELE- CHERPADVI still active?
- Yes, BAELE- CHERPADVI is an active enterprise in the KBO register.
- What is the turnover of BAELE- CHERPADVI?
- The turnover of BAELE- CHERPADVI was €6,555 in financial year 2025, according to the filed annual accounts.Financials
- Is BAELE- CHERPADVI profitable?
- In financial year 2025, BAELE- CHERPADVI made a loss of €10,126.
- Where can I find the annual accounts of BAELE- CHERPADVI?
- BAELE- CHERPADVI filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BAELE- CHERPADVI due?
- BAELE- CHERPADVI must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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