Baert Eddy
ActiveSummary
Baert Eddy has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €694,650 and a net result of €91,936. Equity is growing by ~18.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-2
Solvency100=
Growth84=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 28.39 against 14.01 in 2023; short-term debt: 3.2% and cash: 20.7% of total assets), and 5.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.1%
Return on assets
12.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
29 d late
2022
28 d late
2021
29 d late
2020
26 d late
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 33 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€225,512▲ 19.0%
2018 · €189,499
EBIT margin
40.7%▲ 16.1pp
2018 · 24.7%
Net result
€91,936▲ 1.4%
2023 · €90,667
Working capital
€649,407▲ 16.4%
2023 · €558,106
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€176,542▲ 92.3%€101,106▼ 42.7%€106,052▲ 4.9%€121,118▲ 14.2%€117,167▼ 3.3%
Net result€125,136▲ 79.3%€81,546▼ 34.8%€74,847▼ 8.2%€90,667▲ 21.1%€91,936▲ 1.4%
EBIT margin
Equity€375,370▲ 50.0%€437,200▲ 16.5%€512,047▲ 17.1%€602,714▲ 17.7%€694,650▲ 15.3%
Total assets€653,214▲ 25.7%€688,746▲ 5.4%€618,485▼ 10.2%€665,596▲ 7.6%€738,358▲ 10.9%
Debt€257,845▲ 3.3%€231,546▼ 10.2%€86,438▼ 62.7%€42,882▼ 50.4%€23,708▼ 44.7%
Working capital€411,383▲ 153%€470,728▲ 14.4%€446,574▼ 5.1%€558,106▲ 25.0%€649,407▲ 16.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €738,358
Fixed assets
€65,242 ▲ 1.0%
Current assets
€673,115 ▲ 12.0%
Equity and liabilities €738,358
Equity
€694,650 ▲ 15.3%
Provisions
€20,000 =
Debt
€23,708 ▼ 44.7%
Debt's share of the balance-sheet total falls from 6.4% to 3.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€137,147▼
2023 · €146,022
Cash flow
€111,915▼
2023 · €115,571
Current ratio
28.39▲
2023 · 14.01
Quick ratio
28.06▲
2023 · 13.83
Debt to equity
0.03▼
2023 · 0.07
ROE
13.2%▼
2023 · 15.0%
ROA
12.5%▼
2023 · 13.6%
Interest coverage
278.05▲
2023 · 272.89
Debt ≤ 1 year
€23,708▼
2023 · €42,882
Income taxes
€37,834▼
2023 · €40,470
Staff costs
€17,923▲
2023 · €16,561
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 20,129 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €13,964 | €15,620 | €16,561 | €17,923 | ▲ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,239 | €30,421 | €30,676 | €24,904 | €19,980 | ▼ 19.8% |
| Other operating charges640/8 | - | €5,186 | €5,280 | €5,691 | €5,897 | ▲ 3.6% |
| Gross operating margin9900 | €226,539 | €150,677 | €157,628 | €168,274 | €160,967 | ▼ 4.3% |
| Operating profit (loss)9901 | €176,542 | €101,106 | €106,052 | €121,118 | €117,167 | ▼ 3.3% |
| Financial income75/76B | - | €9,842 | €10,062 | €10,554 | €13,096 | ▲ 24.1% |
| Recurring financial income75 | €6,873 | €9,842 | €10,062 | €10,554 | €13,096 | ▲ 24.1% |
| Financial charges65/66B | - | €3,315 | €4,624 | €535 | €493 | ▼ 7.8% |
| Recurring financial charges65 | €4,375 | €3,315 | €4,624 | €535 | €493 | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €179,040 | €107,633 | €111,491 | €131,137 | €129,770 | ▼ 1.0% |
| Income taxes67/77 | €53,904 | €26,088 | €36,644 | €40,470 | €37,834 | ▼ 6.5% |
| Profit (loss) for the period9904 | €125,136 | €81,546 | €74,847 | €90,667 | €91,936 | ▲ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €125,136 | €81,546 | €74,847 | €90,667 | €91,936 | ▲ 1.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €653,214 | €688,746 | €618,485 | €665,596 | €738,358 | ▲ 10.9% |
| Fixed assets21/28 | €139,436 | €117,780 | €88,428 | €64,608 | €65,242 | ▲ 1.0% |
| Tangible fixed assets22/27 | €139,436 | €117,780 | €88,428 | €64,608 | €65,242 | ▲ 1.0% |
| Land and buildings22 | - | €99,578 | €76,402 | €55,194 | €58,441 | ▲ 5.9% |
| Plant, machinery and equipment23 | - | €5,981 | €6,599 | €5,740 | €4,880 | ▼ 15.0% |
| Furniture and vehicles24 | - | €12,221 | €5,428 | €3,674 | €1,921 | ▼ 47.7% |
| Current assets29/58 | €513,779 | €570,966 | €530,057 | €600,988 | €673,115 | ▲ 12.0% |
| Amounts receivable after more than one year29 | - | €225,422 | €369,927 | €369,927 | €369,927 | = |
| Other amounts receivable291 | - | €225,422 | €369,927 | €369,927 | €369,927 | = |
| Stocks and contracts in progress3 | - | €12,000 | €7,776 | €7,776 | €7,776 | = |
| Stocks30/36 | - | €12,000 | €7,776 | €7,776 | €7,776 | = |
| Amounts receivable within one year40/41 | €35,684 | €33,093 | €33,959 | €38,367 | €97,888 | ▲ 155% |
| Other amounts receivable41 | - | €33,093 | €33,959 | €38,367 | €97,888 | ▲ 155% |
| Current investments50/53 | €30,450 | €30,450 | €30,450 | €30,450 | €30,450 | = |
| Cash at bank and in hand54/58 | €258,370 | €270,000 | €70,586 | €135,264 | €152,505 | ▲ 12.7% |
| Deferred charges and accrued income490/1 | - | - | €17,360 | €19,205 | €14,570 | ▼ 24.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €653,214 | €688,746 | €618,485 | €665,596 | €738,358 | ▲ 10.9% |
| Equity10/15 | €375,370 | €437,200 | €512,047 | €602,714 | €694,650 | ▲ 15.3% |
| Contributions10/11 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €343,387 | €405,218 | €480,065 | €570,732 | €662,667 | ▲ 16.1% |
| Non-distributable reserves130/1 | - | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | - | €620 | €620 | €620 | €620 | = |
| Tax-exempt reserves132 | - | €45,098 | €45,098 | €45,098 | €45,098 | = |
| Distributable reserves133 | - | €359,500 | €434,347 | €525,014 | €616,949 | ▲ 17.5% |
| Profit (loss) carried forward14 | €25,785 | €25,785 | €25,785 | €25,785 | €25,785 | = |
| Provisions and deferred taxes16 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Provisions for liabilities and charges160/5 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Pensions and similar obligations160 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Amounts payable17/49 | €257,845 | €231,546 | €86,438 | €42,882 | €23,708 | ▼ 44.7% |
| Amounts payable after more than one year17 | €155,449 | €131,065 | €0 | - | - | - |
| Financial debts170/4 | - | €131,065 | €0 | - | - | - |
| Amounts payable within one year42/48 | €102,396 | €100,238 | €83,483 | €42,882 | €23,708 | ▼ 44.7% |
| Current portion of amounts payable after more than one year42 | - | €24,384 | €0 | - | - | - |
| Trade debts44 | €3,133 | €3,761 | €2,347 | €4,299 | €4,411 | ▲ 2.6% |
| Suppliers440/4 | - | €3,761 | €2,347 | €4,299 | €4,411 | ▲ 2.6% |
| Taxes, remuneration and social security45 | - | €52,379 | €21,828 | €18,868 | €19,297 | ▲ 2.3% |
| Taxes450/3 | - | €51,557 | €20,889 | €18,868 | €18,260 | ▼ 3.2% |
| Remuneration and social security454/9 | - | €822 | €939 | €0 | €1,037 | - |
| Other amounts payable47/48 | - | €19,715 | €59,308 | €19,715 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €242 | €2,955 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €125,136 | €81,546 | €74,847 | €90,667 | €91,936 | ▲ 1.4% |
| + Depreciation and write-downs630 | €30,239 | €30,421 | €30,676 | €24,904 | €19,980 | ▼ 19.8% |
| Operating cash flow (approximation) | €155,375 | €111,967 | €105,523 | €115,571 | €111,915 | ▼ 3.2% |
| Investment in fixed assets (approximation) | - | -€8,766 | -€1,324 | -€1,084 | -€20,614 | ▼ 1,801% |
| Change in cash | - | €11,630 | -€199,415 | €64,678 | €17,240 | ▼ 73.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 28.39
Current ratio from 14.01 to 28.39; short-term debt falls from €42,882 to €23,708.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 14.01
Current ratio from 6.35 to 14.01; short-term debt falls from €83,483 to €42,882.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Equity above €500,000Eq €512,047 ▲17.1%
5 profitable years in a row build equity to €512,047.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €125,136 ▲79.3%
Operating result €176,542, net result €125,136, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Koksijde · 1 establishment unit since 1996
Ground area
282 m²
Building footprint
64 m²
Volume, LiDAR
414 m³
Parcel 38014F0194/00A000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BAERT EDDY BVBA
since 19962.074.510.690
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38014F0194/00A000 | Flanders | 282 m² | 1 · 64 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded16-12-1995
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456827735
Also
9925:BE0456827735
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.