Financials
- Fiscal year
- 2024
- Total assets
- €40,666
- Loss
- -€6,524
- Solvency
- -169.0%
Total assets▼ 55.2%
Net result
20182024
BAELE GEERT
ActiveSummary
The computed 12-month bankruptcy probability of BAELE GEERT is 2.1% (moderate). The 2024 annual accounts show negative equity (-€68,707) and a net result of -€6,524. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 7% of 26,062 sector peers (NACE 47, fiscal year 2024). The company has been active since 2001 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Overview
Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811
1 site
Size
€40,666total assets 2024
- Equity
- -€68,707
- Loss
- -€6,524
Turnover not published (abridged schema)
Structure
Accounts 68 days overdue0 of 5 deeds read
Why 52- 1 financial year not filed after the legal deadline; latest accounts 131 days late; 3 of the last 3 late+ Founded in 2001+ Liquidity: current ratio 0.37, cash €24,281+ Size: total assets €40,666Show the evidence
Checked score
Score 2024
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 21% of its sector peers (NACE 47, micro)
Financial strength · tick = 2022
Weak
Solvency
0=
equity -169.0% of total assets
Liquidity
50+15
short-term debt 269.0% · cash 59.7%
Profitability
0=
return on assets -16.0%
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 4.0%
12-2024: 5.1%▲ +1.1 percentage points vs 11-2024
01-2025: 8.6%▲ +3.5 percentage points vs 12-2024
02-2025: 8.6%● unchanged vs 01-2025
03-2025: 8.9%▲ +0.3 percentage points vs 02-2025
04-2025: 8.3%▼ -0.6 percentage points vs 03-2025
05-2025: 8.3%● unchanged vs 04-2025
06-2025: 8.3%● unchanged vs 05-2025
07-2025: 8.3%● unchanged vs 06-2025
08-2025: 10.4%▲ +2.1 percentage points vs 07-2025highest value
09-2025: 10.4%● unchanged vs 08-2025highest value
10-2025: 10.4%● unchanged vs 09-2025highest value
11-2025: 10.4%● unchanged vs 10-2025highest value
12-2025: 10.4%● unchanged vs 11-2025highest value
01-2026: 2.1%▼ -8.3 percentage points vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.0%▼ -0.1 percentage points vs 04-2026
06-2026: 1.9%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 2.0%▲ +0.1 percentage points vs 06-2026
08-2026: 2.1%▲ +0.1 percentage points vs 07-2026
09-2026: 2.1%● unchanged vs 08-2026
10-2026: 2.1%● unchanged vs 09-2026
No credit on open account
Liquidity short (current ratio 0.37 against 0.56 in 2022; short-term debt: 269% and cash: 59.7% of total assets), and equity is negative.
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 47, micro): better than 6% on solvency, 52% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 06-10-2026 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 risk+raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
181920212224
2018 to 2024 · latest year -€68,707
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-12-2025, 131 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
131 days late
2022
165 days late
2021
166 days late
2020
185 days late
2019
550 days late
2018
110 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 218 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2022 · micro…
- Annual accounts filedfiscal year 2021 · micro…
Key points
- Risk: Negative equityfiscal year 2024: debts exceed assets -€68,707 View
- Caution: Among the weakest 7% on solvencysector median 32.3% · 26,062 companies -169.0% View
- Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
- Caution: 2 loss-making years in a rowloss fiscal year 2024 -€6,524 View
By topic
Timeline
- Events
- 13
- Since
- 2018
- 31-12-2022Weakest financial year
- 01-02-2022Annual accounts filed
- 01-02-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of cars and light vans (up…NACE 47811
- Founded
- 13-08-2001
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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