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Baems Tech

Active
Private limited companyfounded 2024active for 2 yearsSchuurkouter (BAA) 3/7, 9200 Dendermonde, BelgiumKBO/BCE: BE 1007.348.760
Summary

The computed 12-month bankruptcy probability of Baems Tech is 2.9% (moderate). The 2024 annual accounts show equity of €51,806 and a net result of €45,306. Its solvency ranks better than 42% of 35,975 sector peers (NACE 43, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2024 annual accounts filed late (5 days) Filed on 5 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00358336.

Equity
€51,806
Total assets
€130,217
Net result
€45,306
Working capital
€48,231

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €130,217
Fixed assets €3,575
Current assets €126,642
Equity and liabilities €130,217
Equity €51,806
Debt €78,411
Debt finances 60.2% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€63,549
Cash flow
€45,655
Current ratio
1.62
Quick ratio
1.17
Debt to equity
1.51
ROE
87.5%
ROA
34.8%
Interest coverage
9.90
Debt ≤ 1 year
€78,411
Income taxes
€11,993
Staff costs
€32,141

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 41 lines
Balance sheet Code2024
Assets
Total assets20/58€130,217
Fixed assets21/28€3,575
Tangible fixed assets22/27€3,575
Furniture and vehicles24€3,575
Current assets29/58€126,642
Stocks and contracts in progress3€34,705
Stocks30/36€10,900
Contracts in progress37€23,805
Amounts receivable within one year40/41€49,730
Trade receivables40€38,126
Other amounts receivable41€11,605
Cash at bank and in hand54/58€42,207
Equity and liabilities
Total equity and liabilities10/49€130,217
Equity10/15€51,806
Contributions10/11€6,500
Reserves13€45,306
Distributable reserves133€45,306
Amounts payable17/49€78,411
Amounts payable within one year42/48€78,411
Trade debts44€51,660
Suppliers440/4€51,660
Taxes, remuneration and social security45€21,074
Taxes450/3€14,022
Remuneration and social security454/9€7,053
Other amounts payable47/48€5,677
Income statement Code2024
Remuneration, social security and pensions62€32,141
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€349
Other operating charges640/8€330
Gross operating margin9900€96,019
Operating profit (loss)9901€63,200
Financial income75/76B€519
Recurring financial income75€519
Financial charges65/66B€6,420
Recurring financial charges65€6,420
Profit (loss) for the period before taxes9903€57,300
Income taxes67/77€11,993
Profit (loss) for the period9904€45,306
Profit (loss) for the period to be appropriated9905€45,306
Appropriation of the result
Profit (loss) to be appropriated9906€45,306
Transfer to equity691/2€45,306
To other reserves6921€45,306

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€32,141
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€349
Other operating charges640/8€330
Gross operating margin9900€96,019
Operating profit (loss)9901€63,200
Financial income75/76B€519
Recurring financial income75€519
Financial charges65/66B€6,420
Recurring financial charges65€6,420
Profit (loss) for the period before taxes9903€57,300
Income taxes67/77€11,993
Profit (loss) for the period9904€45,306
Profit (loss) for the period to be appropriated9905€45,306
Line2024
Assets
Total assets20/58€130,217
Fixed assets21/28€3,575
Tangible fixed assets22/27€3,575
Furniture and vehicles24€3,575
Current assets29/58€126,642
Stocks and contracts in progress3€34,705
Stocks30/36€10,900
Contracts in progress37€23,805
Amounts receivable within one year40/41€49,730
Trade receivables40€38,126
Other amounts receivable41€11,605
Cash at bank and in hand54/58€42,207
Equity and liabilities
Total equity and liabilities10/49€130,217
Equity10/15€51,806
Contributions10/11€6,500
Reserves13€45,306
Distributable reserves133€45,306
Amounts payable17/49€78,411
Amounts payable within one year42/48€78,411
Trade debts44€51,660
Suppliers440/4€51,660
Taxes, remuneration and social security45€21,074
Taxes450/3€14,022
Remuneration and social security454/9€7,053
Other amounts payable47/48€5,677
Line2024
Profit (loss) for the period9904€45,306
+ Depreciation and write-downs630€349
Operating cash flow (approximation)€45,655

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 05-08-2025 2025-00358336

Similar companies · same sector, comparable size

Of the 22,637 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,450. 8,688 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.