BAELE PHILIP
ActiveBAELE PHILIP has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81k and a net result of €15k. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
96
/ 100
Excellent▲ +20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▼-2
Solvency80▲+11
Growth85=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.78 in 2024), and 39.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
60.5%
Return on assets
11.1%
Age of the figures
8 mo
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
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
86 d early
2023
12 d early
2022
55 d early
2021
38 d early
2020
31 d late
2019
52 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€212k▲ 14.1%
2020 · €186k
2019: €131k
2020: €186k
2019 → 2021
EBIT margin
10.5%▼ 0.6pp
2020 · 11.1%
2019: 2.7%
2020: 11.1%
2019 → 2021
Net result
€15k▲ 20.0%
2024 · €12k
2018: €1k
2019: €3k
2020: €19k
2021: €16k
2022: €18k
2023: €-5k
2024: €12k
2018 → 2025
Working capital
€6k
2024 · €-13k
2018: €-2k
2019: €6k
2020: €16k
2021: €32k
2022: €25k
2023: €-25k
2024: €-13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€212k-
Equity€41k-€59k▲ 43.8%€53k▼ 8.9%€66k▲ 23.1%€81k▲ 22.5%
Operating result€22k-€27k▲ 19.0%€-5k€15k€18k▲ 24.1%
Net result€16k-€18k▲ 8.5%€-5k€12k€15k▲ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133k
Fixed assets
€77k▼ 1.8%
Current assets
€56k▲ 23.7%
Equity and liabilities €133k
Equity
€81k▲ 22.5%
Provisions
€3k
Debt
€50k▼ 14.2%
The debt ratio falls from 46.9% to 37.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€42k▲
2024 · €37k
Cash flow
€38k▲
2024 · €34k
Solvency
60.5%▲
2024 · 53.1%
Current ratio
1.13▲
2024 · 0.78
Quick ratio
1.11▲
2024 · 0.76
Debt / equity
0.62▼
2024 · 0.88
ROE
18.4%▼
2024 · 18.8%
ROA
11.1%▲
2024 · 10.0%
Interest coverage
577.31▲
2024 · 435.60
Debt
€50k▼
2024 · €58k
Debt ≤ 1 year
€50k▼
2024 · €58k
Income taxes
€532▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€124k€133k▲
Fixed assets21/28€79k€77k▼
Tangible fixed assets22/27€79k€77k▼
Plant, machinery and equipment23€57k€40k▼
Furniture and vehicles24€22k€37k▲
Current assets29/58€45k€56k▲
Stocks and contracts in progress3€1k€1k▼
Stocks30/36€1k€1k▼
Amounts receivable within one year40/41€10k€15k▲
Trade receivables40€5k€9k▲
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€29k€35k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€124k€133k▲
Equity10/15€66k€81k▲
Contributions10/11€19k€19k=
Reserves13€47k€62k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132-€11k
Distributable reserves133€45k€49k▲
Profit (loss) carried forward14€0-
Provisions and deferred taxes16-€3k
Deferred taxes168-€3k
Amounts payable17/49€58k€50k▼
Amounts payable within one year42/48€58k€50k▼
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€101▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€53k€42k▼
Income statement
Code20242025
Non-recurring operating income76A€4k€15k▲
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€23k▲
Other operating charges640/8€592€1k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€37k€46k▲
Operating profit (loss)9901€15k€18k▲
Financial income75/76B€6€0▼
Recurring financial income75€6€0▼
Financial charges65/66B€84€72▼
Recurring financial charges65€84€72▼
Profit (loss) for the period before taxes9903€15k€18k▲
Transfer from deferred taxes780-€204
Transfer to deferred taxes680-€3k
Income taxes67/77€2k€532▼
Profit (loss) for the period9904€12k€15k▲
Transfer from tax-exempt reserves789-€816
Transfer to tax-exempt reserves689-€12k
Profit (loss) for the period to be appropriated9905€12k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€4k▼
Profit (loss) brought forward from the previous period14P€-5k€0▲
Transfer to equity691/2€7k€4k▼
To other reserves6921€7k€4k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-5k ▼129%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €19k ▲486%
Net result €19k, the highest in the series.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zwalm · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dries(SML) 529630 ZwalmGround area
3,053 m²
Building footprint
155 m²
Volume, LiDAR
859 m³
Parcel 45046B0263/00B000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dries(SML) 52, 9630 Zwalm
since 20122.207.942.902
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45046B0263/00B000 | Flanders | 3,053 m² | 1 · 155 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
A. BGS TERRASSEMENT
BE 0803.285.704
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MERTENS GROND -EN AFBRAAKWERKEN
BE 0801.691.340
Malle · Eq €81k
THERET Cyriel & Sébastien
BE 1021.890.743
Vresse-sur-Semois · Eq €81k
WB Algemene werken
BE 1016.915.534
Balen · Eq €81k
BOTIBAT
BE 0871.910.234
Brussel · Eq €80k
Of 8,397 companies in sector 43120 we hold annual accounts for 3,204. 2,588 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2012
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.