BAELEN D./PROJECTS
ActiveSummary
BAELEN D./PROJECTS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158k and a net result of €8k. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 9195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-52
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 7.49 against 5.8 in 2024; short-term debt: 12.7% and cash: 6.6% of total assets), and 17% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
83%
Return on assets
4.2%
Age of the figures
9 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 · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
36 d early
2023
63 d early
2022
95 d early
2021
40 d early
2020
6 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€158k▲ 5.3%
2024 · €150k
2018: €-194k
2019: €50k
2020: €62k
2021: €66k
2022: €123k
2023: €77k
2024: €150k
2018 → 2025
Total assets
€190k▼ 4.2%
2024 · €198k
2018: €91k
2019: €95k
2020: €108k
2021: €108k
2022: €156k
2023: €119k
2024: €198k
2018 → 2025
Net result
€8k▼ 93.0%
2024 · €113k
2018: €-16k
2019: €244k
2020: €13k
2021: €3k
2022: €57k
2023: €-46k
2024: €113k
2018 → 2025
Working capital
€157k▼ 4.2%
2024 · €164k
2018: €65k
2019: €88k
2020: €99k
2021: €97k
2022: €149k
2023: €97k
2024: €164k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€66k-€123k▲ 87.5%€77k▼ 37.7%€150k▲ 95.6%€158k▲ 5.3%
Operating result€2k-€55k▲ 3,066%€30k▼ 44.4%€124k▲ 306%€5k▼ 95.8%
Net result€3k-€57k▲ 1,769%€-46k€113k€8k▼ 93.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 96% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €190k
Fixed assets
€9k
Current assets
€181k
Equity and liabilities €190k
Equity
€158k ▲ 5.3%
Debt
€32k ▼ 33.3%
The debt ratio falls from 24.5% to 17.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
7.49▲
2024 · 5.80
Debt / equity
0.21▼
2024 · 0.32
ROE
5.0%▼
2024 · 75.6%
ROA
4.2%▼
2024 · 57.1%
Debt ≤ 1 year
€24k▼
2024 · €34k
Debt > 1 year
€8k▼
2024 · €14k
Income taxes
€2k▼
2024 · €13k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€198k€190k▼
Fixed assets21/28-€9k
Tangible fixed assets22/27-€9k
Land and buildings22-€9k
Current assets29/58€198k€181k▼
Stocks and contracts in progress3€41k€0▼
Stocks30/36€41k€0▼
Amounts receivable within one year40/41€93k€164k▲
Trade receivables40€6k€0▼
Other amounts receivable41€87k€164k▲
Cash at bank and in hand54/58€60k€13k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€198k€190k▼
Equity10/15€150k€158k▲
Contributions10/11€60k€60k=
Reserves13€90k€98k▲
Distributable reserves133€90k€98k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€49k€32k▼
Amounts payable after more than one year17€14k€8k▼
Financial debts170/4€14k€8k▼
Amounts payable within one year42/48€34k€24k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€14k€16k▲
Taxes450/3€14k€16k▲
Other amounts payable47/48€10k€0▼
Income statement
Code20242025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€0▼
Other operating charges640/8€1k€209▼
Gross operating margin9900€130k€5k▼
Operating profit (loss)9901€124k€5k▼
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€126k€10k▼
Income taxes67/77€13k€2k▼
Profit (loss) for the period9904€113k€8k▼
Profit (loss) for the period to be appropriated9905€113k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€90k€8k▼
Profit (loss) brought forward from the previous period14P€-23k€0▲
Transfer from equity791/2€0-
Transfer to equity691/2€90k€8k▼
To other reserves6921€90k€8k▼
Social balance
Average headcount (FTE)90870.00.0=
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
03-09
State Gazette act
Resignations & appointments · MiscellaneousGeneral meeting · Director appointment2 facts ▸
State Gazette act
Resignations & appointments · Miscellaneous
General meeting · Director appointment2 facts ▸
- General meeting, 14-07-2026
- Director appointment, Dave Baelen (director)
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Equity above €150kEq €158k ▲5.3%
2 profitable years in a row build equity to €158k.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €113k
Net result €113k after one loss-making year.
31-12
Financial
Equity above €100kEq €150k ▲95.6%
Equity rises from €77k to €150k.
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-46k ▼181%
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 21.35
Current ratio from 9.19 to 21.35; short-term debt falls from €12k to €7k.
31-12
Financial
Equity above €100kEq €123k ▲87.5%
4 profitable years in a row build equity to €123k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €244k
Net result €244k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 13.11
Current ratio from 3.44 to 13.11; short-term debt falls from €27k to €7k.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 153 days late
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 431 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Dave Baelen
CurrentDirector · since 14-07-2026
14-07-2026
Appointed as Director
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 2010
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.
Hugo Verrieststraat 48870 IzegemGround area
68 m²
Parcel 36492A0135/00W009, Flanders. Linked by address, not a title deed.
1 establishment unit
BAELEN D./PROJECTS
since 20102.217.044.965
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A0135/00W009 | Flanders | 68 m² | - | - |
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.
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,823 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-04-2010
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:timothy@groepfibover.be
Phone:03 541 33 11