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BAERT

Active
Public limited companyfounded 198541 yrs activeEssenestraat 16, 1740 Ternat, BelgiumKBO/BCE: BE 0427.326.570
Summary

BAERT has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.8m and a net result of €1.2m. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 6131 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
BAERTActiveChecked score 86/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46492NACE 51475
#1 company by staff growth in Ternat, Wholesale and retail trade sector2 sites
Size
€15.4mturnover 2024
Staff
30.7 FTE
Equity
€3.8m
Profit
€1.2m
Financial health
86 Excellent Checked score 2024
Bankruptcy chance 12 m
0.3%
Structure
Parent
DE BAERT GROEP BVBA · 100%
Board
3 members
Accounts 67 d overdue1 of 14 deeds read
Why 86- Figures for FY 2024 (filed 28-07-2025)+ Founded in 1985+ Liquidity: current ratio 1.95, cash €1.8m+ Size: turnover €15.4m, 30.7 FTE, total assets €9.8mShow the evidence

Checked score

Score 2024
86 / 100
Excellent
Probability in this band: under 0.55%
Better than 60% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 63-16
equity 38.5% of total assets
Liquidity 51-16
short-term debt 45.0% · cash 18.7%
Profitability 80=
return on assets 12.2%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,378 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%● 0.0% vs 12-2024 02-2025: < 0.1%▼ -3.3% vs 01-2025lowest value 03-2025: < 0.1%▲ +6.9% vs 02-2025 04-2025: < 0.1%▼ -3.2% vs 03-2025 05-2025: < 0.1%▲ +3.3% vs 04-2025 06-2025: < 0.1%● 0.0% vs 05-2025 07-2025: < 0.1%▲ +12.9% vs 06-2025 08-2025: 0.1%▲ +60.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -5.4% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▼ -1.9% vs 03-2026 05-2026: 0.1%▲ +3.8% vs 04-2026 06-2026: 0.1%▼ -1.9% vs 05-2026 07-2026: 0.1%▲ +1.9% vs 06-2026 08-2026: 0.2%▲ +178% vs 07-2026 09-2026: 0.2%▲ +24.0% vs 08-2026 10-2026: 0.3%▲ +76.9% vs 09-2026highest value
  • Figures for FY 2024 (filed 28-07-2025) raises the probability
  • Founded in 1985 lowers the probability for this profile
  • Liquidity: current ratio 1.95, cash €1.8m lowers the probability
  • Size: turnover €15.4m, 30.7 FTE, total assets €9.8m lowers the probability for this profile
Credit up to €320,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 4.03 in 2023; short-term debt: 45% and cash: 18.7% of total assets), but 61.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 45%, liquidity 66%, profitability 81%, growth against the median 50%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 28-07-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1985
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 1.95, cash €1.8m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Size: turnover €15.4m, 30.7 FTE, total assets €9.8m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
7 d early
2023
1 d early
2022
7 d early
2021
6 d early
2020
47 d early
2019
1 d early
← 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 12 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignations: De Baert Groep BV, Goedele…Permanent representatives: Tom Baert and…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Highest result since 2018net €1.2m ▲22.4%

Key points

  • Caution: Board changedlatest change 01-07-2026 · 3 in office 3 joined · 3 left View
  • Positive: Company by staff growth in Ternat, Wholesale and…in the Checked rankings #1 View
  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Controlled by DE BAERT GROEP BVBA 100% View
  • Positive: 7 profitable years in a rowprofit 2024: €1.2m 7 years View

By topic

Financials

Fiscal year
2024
Turnover
€15.4m
Profit
€1.2m
Solvency
38.5%
Turnover▲ 17.9%
Net result
20212024
Go to Financials

Timeline

Events
14
Since
2016
  1. 01-07-2026Resignations: De Baert Groep BV, Goedele Baert…
  2. 24-07-2025Annual accounts filed
  3. 31-12-2024Highest result since 2018
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Wholesale tradeNACE 46492
Founded
05-06-1985
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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