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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 3.0% (moderate). The 2024 annual accounts show equity of €51,806 and a net result of €45,306. Its solvency ranks better than 42% of 35,972 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.

Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
≈ €350,000turnover 2024, estimated
Staff
0.7 FTE
Equity
€51,806
Profit
€45,306
Turnover estimated from the gross margin
Financial health
52 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.0%
Structure
2024 accounts filed 5 days late
Why 52raises riskFigures for financial year 2024 (filed 05-08-2025)Founded in 2024Size: total assets €130,217lowers riskLiquidity: current ratio 1.62, cash €42,207Show the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 64% of its sector peers (NACE 43, micro)
Financial strength
Strong
Solvency 65
equity 39.8% of total assets
Liquidity 59
short-term debt 60.2% · cash 32.4%
Profitability 100
return on assets 34.8%
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,663 companies, NACE 43, micro)
Last 24 months 04-2025: 1.9% 05-2025: 1.9%● unchanged vs 04-2025 06-2025: 2.0%▲ +0.1 percentage points vs 05-2025 07-2025: 2.3%▲ +0.3 percentage points vs 06-2025 08-2025: 2.4%▲ +0.1 percentage points vs 07-2025 09-2025: 0.7%▼ -1.7 percentage points vs 08-2025lowest value 10-2025: 0.8%▲ +0.1 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.9%▲ +0.1 percentage points vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.5%▲ +0.6 percentage points vs 07-2026 09-2026: 1.9%▲ +0.4 percentage points vs 08-2026 10-2026: 3.0%▲ +1.1 percentage points vs 09-2026highest value
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity ample (current ratio 1.62, above the usual 1.5; short-term debt: 60.2% and cash: 32.4% of total assets), but 60.2% of the assets are financed with debt and provisions.
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 43, micro): better than 43% on solvency, 57% on liquidity and 92% on profitability.

The bankruptcy probability was computed on 29-10-2026 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

Five signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed 05-08-2025)
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.62, cash €42,207
NBB · annual accounts
raises risk · Size: total assets €130,217
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 2024 accounts filed 5 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 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 · 1 filing
Deviation from the deadline
2024
5 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 5 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. IncorporationAppointment: ASMAROM KIFLIT Barakat (director)…

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.

Turnover
≈ €350,000
Estimated: probably between €230,000 and €570,000
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. The turnover shown is an estimate from the gross margin.

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 95.9% 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
95.9% still going

For this company itself Checked computes a higher bankruptcy probability: 3.0% 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 497,445 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% 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%

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 22,639 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,550. 8,753 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.

Directors

Directors
1 director, no change since 2024
ASMAROM KIFLIT Barakat
Director · since 22-03-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
ASMAROM KIFLIT Barakat
  • Director, from 22-03-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 22-03-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 22-03-2024 Incorporation · €6,500 · 100 shares

Group and network

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
NB Transport
via ASMAROM KIFLIT Barakat · Director (not named in the articles)
→

History

On 20 March 2024, Baems Tech was incorporated as a private limited company by one natural person, with a starting capital of €6,500.12 ASMAROM KIFLIT Barakat has served as director of the company since 2024.2 The company has filed annual accounts once, for financial year 2024.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 22-03-2024
  3. 3National Bank, annual accounts 2024

Acts, filings and financial milestones

2025
05-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 5 days late
2024
22-03
Gazette deed Incorporation
Appointment: ASMAROM KIFLIT Barakat (director) · Registered office clause · Board rule7 facts ▸
  • Registered office clause, “9200 Dendermonde(Baasrode),Schuurkouter 3/7” (deed in Dutch)
  • Board rule, 1
  • Director appointment, ASMAROM KIFLIT Barakat (director)
  • Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen,activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
  • Incorporation, “Baems Tech” (deed in Dutch)
  • Founder, ASMAROM KIFLIT Barakat
  • Founding capital, €6,500
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded20-03-2024
Financial year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:1007348760
Also 9925:BE1007348760
Registered 29-04-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1007.348.760

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
8,398 m²
Building footprint
1,795 m²
Building volume
16,982 m³
2 parcels, Flanders · tallest building 16.4 m. Linked by address, not a title deed.
1 establishment unit
Baems Tech
Luxemburgstraat 20, 9140 TemseGeneral electrical installation work
since 2024unit no. 2.358.062.278
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
46025B0179/09E000 Flanders 7,219 m² 1 · 1,412 m² 16.4 m · 4
42002B0287/00M003 Flanders 1,179 m² 1 · 383 m² 6.0 m · 1
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“De handel in, de invoer en uitvoer van, de productie en de plaatsing van alle elektrische en sanitaire installaties; De uitbating van een…” (deed in Dutch)
13 activities (deed in Dutch)
  1. De handel in, de invoer en uitvoer van, de productie en de plaatsing van alle elektrische en sanitaire installaties
  2. De uitbating van een onderneming in herstelling en onderhoud van hogervermelde constructies en installaties
  3. De aankoop, verkoop van, de groot- en kleinhandel in, de herstelling en het onderhoud van installaties voor centrale verwarming, van alarm- en beveiligingsinstallaties in de meest ruime zin van het woord, zowel inbraak- als brandbeveiliging, van alle systemen van luchtverversing en klimatisatie
  4. Plaatsen van vloerbedekking en wandbekleding
  5. Installatie van garagepoorten, luiken, zonneblinden, traliewerk, hekken, enz.,
  6. Installatie van de bedrading voor telefooninstallaties en computersystemen
  7. Isolatiewerkzaamheden
  8. Installatie van stores en zonneschermen
  9. Installatie van al dan niet verplaatsbare tussenwanden, bekleding van wanden, plafonds, enz
  10. Installatie van antennes en bliksemafleiders
  11. Overige werkzaamheden in verband met de afwerking van gebouwen
  12. Het beheer van onroerende goederen alsook projectontwikkelaar, aan- of verkoop, verwerven of vervreemden, overgaan tot alle mogelijke verkavelingen, opwaarderingen, promotie, verhuringen, leasing en beheer van alle gebouwde of niet-gebouwde onroerende goederen
  13. Het verlenen van managementadvies in de meest ruimste zin: bijstand en diensten verlenen, rechtstreeks of onrechtstreeks, op het vlak van administratie, verkoop, productie en algemeen bestuur

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
Baems Tech
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest, kan bij enkel besluit bestuursorgaan administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren…” (deed in Dutch)

deed of 22-03-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Één of meer bestuurders, onbepaalde duur bij gebrek aan bepaling” (deed in Dutch)
“Mogelijkheid deel te delegeren, behalve deze die wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)

deed of 22-03-2024

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Alle procedure- en expertisekosten voor helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid verworven aantal aandelen…” (deed in Dutch)

deed of 22-03-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Friday of June at 18:00

deed of 22-03-2024

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
“Algemene vergadering, vereist voor statutenwijziging” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, bestuurder(s) in functie krachtens statuten indien geen…” (deed in Dutch)

deed of 22-03-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Vergoeding van de bestuurders, bedrag van vaste of evenredige vergoeding” (deed in Dutch)
Other provision: “Dagelijks bestuur, kan hen op elk ogenblik ontslaan” (deed in Dutch)
Other provision: “Controle van de vennootschap, één of meerdere commissarissen” (deed in Dutch)
Other provision: “Schriftelijke algemene vergadering” (deed in Dutch)
Other provision: “Elektronische algemene vergaderingen, op afstand via door vennootschap ter beschikking gesteld elektronisch communicatiemiddel” (deed in Dutch)
Other provision: “Aanwezigheidslijst,verslagen,volmachten,schriftelijke stemmingen, bestuurder,иначе aandeelhouder met meeste aandelen,bij pariteit oudste” (deed in Dutch)
Other provision: “Beraadslagingen, meerderheid van stemmen,ongeacht vertegenwoordigde effecten,tenzij wet of statuten anders” (deed in Dutch)
Other provision: “Bestuursorgaan, tijdens zitting” (deed in Dutch)
Other provision: “Bestemming winst, algemene vergadering” (deed in Dutch)
Other provision: “Laatste goedgekeurde jaarrekening of recentere staat activa-passiva, instandhouding vermogen-uitkeringen” (deed in Dutch)
Liquidation distribution: “Bijkomende volstorting of voorafgaandelijke terugbetalingen, netto actief naar verhouding aantal aandelen,goederen in natura zelfde wijze” (deed in Dutch)
Other provision: “Mededelingen,aanmaningen,dagvaardingen,betekeningen, buitenland wonende aandeelhouder,bestuurder,commissaris,vereffenaar,obligatiehouder” (deed in Dutch)
Other provision: “Rechtbank rechtsgebied zetel, betwisting zaken vennootschap en uitvoering statuten” (deed in Dutch)
Other provision: “Gemeen recht, strijdig met dwingende bepalingen geacht niet geschreven” (deed in Dutch)
Other provision: “Inbrengen, inbrengen geboekt op beschikbare eigen vermogensrekeningen” (deed in Dutch)
Other provision: “Aandelen moeten bij uitgifte worden volgestort, Stortingsplicht” (deed in Dutch)
Other provision: “Inbreng in geld met uitgifte van nieuwe aandelen – recht van voorkeur, voor in pand gegeven aandelen komt voorkeurrecht toe aan…” (deed in Dutch)
Other provision: “Alle aandelen op naam, voorzien van volgnummer, Aard van de aandelen” (deed in Dutch)
1 more provision in the deed, see the deed of 22-03-2024

deed of 22-03-2024