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BAERT G.E.

Active
Public limited companyfounded 2004active for 22 yearsZandstraat 59, 9170 Sint-Gillis-Waas, BelgiumKBO/BCE: BE 0865.090.342
Summary

BAERT G.E. has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €325,534. Equity has been growing by about 11% per year since 2019. Its solvency ranks better than 90% of 526 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 04-05-2004 Normal situation
Activity
Construction of utility projects for electricity and telecommunications NACE 42220and 2 others
Joint committees
124 Construction
200 Auxiliary committee for white-collar workers · annual accounts 30-09-2023
Establishment unit
2.137.277.709 9170 Sint-Gillis-Waas, since 04-05-2004
Financial year end
30 September
Peppol
Reachable

Board and ownership

Board
  • Baert ErikDirector · since 27-04-2004
  • Baert GerardDirector · since 27-04-2004
  • Dhondt BerlindaDirector · since 27-04-2004

Financial position

98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 30-09-2025
Gross margin
€1.7m
▲ 26.1%
Turnover
≈ €2.9m
estimated
Profit
€325,534
▲ 34.5%
Equity
€1.9m
▲ 13.4%
Total assets
€2.3m
▲ 2.0%
Employees on 30-09-2025
22
▲ 10.0%
Score breakdownlowers riskLiquidity: current ratio 6.39, cash €1.1mEquity €1.9m (85.1% of total assets)Founded in 2004Profit of €325,534 (financial year 2025)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 84% of small companies in civil engineering (NACE 42)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 85.1% of total assets
Liquidity 97+5
short-term debt 14.9% · cash 49.4%
Profitability 87+5
return on assets 14.5%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (301 companies, NACE 42, small)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025highest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €180,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.39 (4.07 in 2024), above the usual 1.5. Short-term debt is 14.9% and cash 49.4% of total assets. 14.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 42, small). It does better than 96% of them on solvency, 98% on liquidity, 82% on profitability and 59% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

The probability rests on the annual accounts with balance sheet date 30-09-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 6.39, cash €1.1m
NBB · annual accounts
lowers risk · Equity €1.9m (85.1% of total assets)
NBB · annual accounts
lowers risk · Founded in 2004
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Profit of €325,534 (financial year 2025)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 days early
2024
55 days early
2023
53 days early
2022
51 days early
2021
36 days early
2020
66 days early
2019
59 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 51 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 10 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end05-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 26-03-2026 PDF all 21 filings

Turnover
≈ €2.9m
Estimated: probably between €2.0m and €4.8m
Total assets
€2.3m▲ 2.0%
2024 · €2.2m
Net result
€325,534▲ 34.5%
2024 · €242,111
Working capital
€1.8m▲ 17.8%
2024 · €1.5m
Multi-year overview
2019 to 2025, 7 financial years
Operating result
€439,664
▲ 31.2% 2025
20192025
Net result
€325,534
▲ 34.5% 2025
highest quarter of the sector
20192025
Equity
€1.9m
▲ 13.4% 2025
highest quarter of the sector
20192025
Total assets
€2.3m
▲ 2.0% 2025
middle half of the sector
20192025
Debt
€334,531
▼ 35.2% 2025
20192025
Working capital
€1.8m
▲ 17.8% 2025
highest quarter of the sector
20192025
Solvency
85.1%
▲ 8.5pp 2025
highest quarter of the sector
20192025
Current ratio
6.39
▲ 2.32 2025
highest quarter of the sector
20192025
Return on assets (ROA)
14.5%
▲ 3.5pp 2025
highest quarter of the sector
20192025
Staff (FTE)
19.9
▲ 8.2% 2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.2m▲ 41.2%€0.2m▲ 34.6%€0.4m▲ 73.7%€0.4m▼ 16.3%€0.3m▼ 7.3%€0.4m▲ 31.2%
Net result€0.1m-€0.1mwithin the sector's middle half▲ 35.3%€0.2mabove the sector's middle half▲ 50.9%€0.3mabove the sector's middle half▲ 53.2%€0.3mabove the sector's middle half▼ 15.2%€0.2mabove the sector's middle half▼ 7.9%€0.3mabove the sector's middle half▲ 34.5%
Equity€1.0m-€0.8mwithin the sector's middle half▼ 21.6%€1.0mwithin the sector's middle half▲ 24.7%€1.3mabove the sector's middle half▲ 30.4%€1.5mabove the sector's middle half▲ 14.3%€1.7mabove the sector's middle half▲ 11.2%€1.9mabove the sector's middle half▲ 13.4%
Total assets€1.3m-€1.5mwithin the sector's middle half▲ 16.9%€1.6mwithin the sector's middle half▲ 1.7%€2.0mwithin the sector's middle half▲ 25.7%€2.0mwithin the sector's middle half▲ 2.5%€2.2mwithin the sector's middle half▲ 10.1%€2.3mwithin the sector's middle half▲ 2.0%
Debt€0.3m-€0.7m▲ 169%€0.5m▼ 24.8%€0.6m▲ 16.7%€0.5m▼ 22.6%€0.5m▲ 6.7%€0.3m▼ 35.2%
Working capital€0.8m-€0.6mwithin the sector's middle half▼ 27.3%€0.7mwithin the sector's middle half▲ 27.4%€1.1mabove the sector's middle half▲ 47.4%€1.3mabove the sector's middle half▲ 20.0%€1.5mabove the sector's middle half▲ 19.2%€1.8mabove the sector's middle half▲ 17.8%
Solvency79.8%-53.5%within the sector's middle half▼ 26.3pp65.6%above the sector's middle half▲ 12.1pp68.1%above the sector's middle half▲ 2.5pp75.9%above the sector's middle half▲ 7.8pp76.6%above the sector's middle half▲ 0.8pp85.1%above the sector's middle half▲ 8.5pp
Current ratio3.96-1.80within the sector's middle half▼ 2.162.83above the sector's middle half▲ 1.033.03above the sector's middle half▲ 0.204.01above the sector's middle half▲ 0.984.07above the sector's middle half▲ 0.056.39above the sector's middle half▲ 2.32
Return on assets (ROA)7.6%-8.8%within the sector's middle half▲ 1.2pp13.0%above the sector's middle half▲ 4.2pp15.9%above the sector's middle half▲ 2.8pp13.1%within the sector's middle half▼ 2.7pp11.0%within the sector's middle half▼ 2.1pp14.5%above the sector's middle half▲ 3.5pp
Staff (FTE)19-19above the sector's middle half=18.6within the sector's middle half▼ 2.1%18.6above the sector's middle half=18above the sector's middle half▼ 3.2%18.4above the sector's middle half▲ 2.2%19.9above the sector's middle half▲ 8.2%
above within below The sector band is the middle half of the companies in Civil engineering (NACE 42). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 31% higher than in 2024 and the highest since 2019. It is a recovery after the fall in 2024.

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets €114,646 ▼ 35.6%
Current assets €2.1m ▲ 5.3%
Equity and liabilities €2.3m
Equity €1.9m ▲ 13.4%
Debt €334,531 ▼ 35.2%
Debt's share of the balance-sheet total falls from 23.4% to 14.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€548,111▲
2024 · €451,798
Cash flow
€433,981▲
2024 · €358,772
Quick ratio
5.89▲
2024 · 3.75
Debt to equity
0.17▼
2024 · 0.31
ROE
17.0%▲
2024 · 14.3%
Interest coverage
53.53▼
2024 · 81.21
Debt ≤ 1 year
€334,531▼
2024 · €498,909
Income taxes
€149,863▲
2024 · €111,612
Staff costs
€1.1m▲
2024 · €869,907
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item30-09-202230-09-202330-09-202430-09-2025
Employees at the balance-sheet date18162022
full-time14121619
part-time4443
in full-time equivalents17151921.2
Average over the year, in full-time equivalents18.61818.419.9
On a permanent contract16131619
Joined55104
Left5762
Training hours-447143-

Source: social balance sheet in the 2022 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item30-09-202230-09-202330-09-202430-09-2025
Debts secured on the company's own assets€166,960€97,983€116,074€75,405
Carrying value of the other pledged assets€164,308€115,708€67,108€18,508

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-09-202230-09-202330-09-202430-09-2025
Tangible fixed assets€48,103€52,672-€44,940
Depreciation and write-downs of the year€121,784€117,196€116,661€108,447

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2025 · 6 entries · €4,362 awarded · €4,362 paid
Year Entries AwardedPaid
2025 1 €739€1,052
2024 1 €638€325
2023 2 €837€895
2022 2 €2,148€2,090
Schemes
4 entries · €3,362 · €3,362 paid · Fonds voor Innoveren en Ondernemen
2 entries · €1,000 · €1,000 paid · Departement Werk en Sociale Economie
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.2m€2.3m▲
Fixed assets21/28€0.2m€0.1m▼
Tangible fixed assets22/27€0.2m€0.1m▼
Plant, machinery and equipment23€0.09m€0.04m▼
Furniture and vehicles24€0.07m€0.07m▲
Other tangible fixed assets26€0.02m€0.008m▼
Financial fixed assets28€120€120=
Current assets29/58€2.0m€2.1m▲
Stocks and contracts in progress3€0.2m€0.2m▲
Stocks30/36€0.04m€0.04m▲
Contracts in progress37€0.1m€0.1m▲
Amounts receivable within one year40/41€0.8m€0.8m▲
Trade receivables40€0.6m€0.7m▲
Other amounts receivable41€0.2m€0.1m▼
Cash at bank and in hand54/58€1.0m€1.1m▲
Deferred charges and accrued income490/1€0.02m€0.04m▲
Equity and liabilities
Total equity and liabilities10/49€2.2m€2.3m▲
Equity10/15€1.7m€1.9m▲
Contributions10/11€0.07m€0.07m=
Capital10€0.07m€0.07m=
Issued capital100€0.07m€0.07m=
Reserves13€1.6m€1.9m▲
Non-distributable reserves130/1€0.03m€0.02m▼
Legal reserve130€0.03m-
Reserves not available under the articles1311€0€0.02m▲
Distributable reserves133€1.6m€1.8m▲
Amounts payable17/49€0.5m€0.3m▼
Amounts payable after more than one year17€0.02m-
Financial debts170/4€0.02m-
Amounts payable within one year42/48€0.5m€0.3m▼
Current portion of amounts payable after more than one year42€0.1m€0.08m▼
Trade debts44€0.4m€0.2m▼
Suppliers440/4€0.4m€0.2m▼
Taxes, remuneration and social security45€0.04m€0.09m▲
Taxes450/3€0.01m€0.05m▲
Remuneration and social security454/9€0.03m€0.04m▲
Income statement Code20242025
Remuneration, social security and pensions62€0.9m€1.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▼
Other operating charges640/8€0.01m€0.03m▲
Gross operating margin9900€1.3m€1.7m▲
Operating profit (loss)9901€0.3m€0.4m▲
Financial income75/76B€0.02m€0.05m▲
Recurring financial income75€0.02m€0.05m▲
Financial charges65/66B€0.006m€0.01m▲
Recurring financial charges65€0.006m€0.01m▲
Profit (loss) for the period before taxes9903€0.4m€0.5m▲
Income taxes67/77€0.1m€0.1m▲
Profit (loss) for the period9904€0.2m€0.3m▲
Profit (loss) for the period to be appropriated9905€0.2m€0.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.3m▲
Transfer from equity791/2€0.07m€0.1m▲
Transfer to equity691/2€0.2m€0.3m▲
To other reserves6921€0.2m€0.3m▲
Profit to be distributed694/7€0.07m€0.1m▲
Return on contributions (dividend)694€0.07m€0.1m▲
Social balance sheet
Average headcount (FTE)908718.419.9▲

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 26-03-2026.

Line2019202020212022202320242025Change
Remuneration, social security and pensions62---€0.8m€0.8m€0.9m€1.1m▲ 26.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.09m€0.1m€0.1m€0.1m€0.1m€0.1m▼ 7.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0.003m----
Other operating charges640/8---€0.007m€0.009m€0.01m€0.03m▲ 181%
Gross operating margin9900€1.1m€1.1m€1.2m€1.4m€1.3m€1.3m€1.7m▲ 26.1%
Operating profit (loss)9901€0.1m€0.2m€0.2m€0.4m€0.4m€0.3m€0.4m▲ 31.2%
Financial income75/76B---€0.03m€0.03m€0.02m€0.05m▲ 90.4%
Recurring financial income75€0.01m€0.02m€0.02m€0.03m€0.03m€0.02m€0.05m▲ 90.4%
Financial charges65/66B---€0.006m€0.007m€0.006m€0.01m▲ 84.0%
Recurring financial charges65€0.003m€0.006m€0.005m€0.006m€0.007m€0.006m€0.01m▲ 84.0%
Profit (loss) for the period before taxes9903€0.1m€0.2m€0.3m€0.5m€0.4m€0.4m€0.5m▲ 34.4%
Income taxes67/77€0.04m€0.06m€0.07m€0.1m€0.1m€0.1m€0.1m▲ 34.3%
Profit (loss) for the period9904€0.1m€0.1m€0.2m€0.3m€0.3m€0.2m€0.3m▲ 34.5%
Profit (loss) for the period to be appropriated9905€0.1m€0.1m€0.2m€0.3m€0.3m€0.2m€0.3m▲ 34.5%
Line2019202020212022202320242025Change
Assets
Total assets20/58€1.3m€1.5m€1.6m€2.0m€2.0m€2.2m€2.3m▲ 2.0%
Fixed assets21/28€0.3m€0.2m€0.4m€0.4m€0.3m€0.2m€0.1m▼ 35.6%
Tangible fixed assets22/27€0.3m€0.2m€0.4m€0.4m€0.3m€0.2m€0.1m▼ 35.7%
Plant, machinery and equipment23---€0.2m€0.2m€0.09m€0.04m▼ 60.9%
Furniture and vehicles24---€0.07m€0.1m€0.07m€0.07m▲ 2.7%
Other tangible fixed assets26---€0.06m€0.04m€0.02m€0.008m▼ 54.4%
Financial fixed assets28€120€120€120€120€120€120€120=
Current assets29/58€1.0m€1.3m€1.1m€1.6m€1.7m€2.0m€2.1m▲ 5.3%
Stocks and contracts in progress3€0.03m€0.03m€0.04m€0.05m€0.2m€0.2m€0.2m▲ 5.4%
Stocks30/36---€0.04m€0.04m€0.04m€0.04m▲ 10.0%
Contracts in progress37---€0.01m€0.2m€0.1m€0.1m▲ 3.8%
Amounts receivable within one year40/41€0.6m€0.4m€0.5m€0.6m€0.5m€0.8m€0.8m▲ 1.4%
Trade receivables40---€0.4m€0.4m€0.6m€0.7m▲ 6.9%
Other amounts receivable41---€0.2m€0.1m€0.2m€0.1m▼ 18.2%
Cash at bank and in hand54/58€0.4m€0.8m€0.5m€0.9m€1.0m€1.0m€1.1m▲ 7.0%
Deferred charges and accrued income490/1---€0.05m€0.04m€0.02m€0.04m▲ 76.4%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.5m€1.6m€2.0m€2.0m€2.2m€2.3m▲ 2.0%
Equity10/15€1.0m€0.8m€1.0m€1.3m€1.5m€1.7m€1.9m▲ 13.4%
Contributions10/11€0.4m€0.07m€0.07m€0.07m€0.07m€0.07m€0.07m=
Capital10---€0.07m€0.07m€0.07m€0.07m=
Issued capital100---€0.07m€0.07m€0.07m€0.07m=
Reserves13€0.6m€0.8m€1.0m€1.3m€1.5m€1.6m€1.9m▲ 13.9%
Non-distributable reserves130/1---€0.03m€0.03m€0.03m€0.02m▼ 39.8%
Legal reserve130---€0.03m€0.03m€0.03m--
Reserves not available under the articles1311-----€0€0.02m-
Distributable reserves133---€1.2m€1.4m€1.6m€1.8m▲ 15.0%
Amounts payable17/49€0.3m€0.7m€0.5m€0.6m€0.5m€0.5m€0.3m▼ 35.2%
Amounts payable after more than one year17--€0.1m€0.1m€0.06m€0.02m--
Financial debts170/4---€0.1m€0.06m€0.02m--
Amounts payable within one year42/48€0.3m€0.7m€0.4m€0.5m€0.4m€0.5m€0.3m▼ 32.9%
Current portion of amounts payable after more than one year42---€0.07m€0.08m€0.1m€0.08m▼ 23.8%
Trade debts44€0.2m€0.3m€0.3m€0.3m€0.3m€0.4m€0.2m▼ 51.5%
Suppliers440/4---€0.3m€0.3m€0.4m€0.2m▼ 51.5%
Taxes, remuneration and social security45---€0.1m€0.08m€0.04m€0.09m▲ 99.4%
Taxes450/3---€0.1m€0.05m€0.01m€0.05m▲ 312%
Remuneration and social security454/9---€0.03m€0.03m€0.03m€0.04m▲ 24.5%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€99,110€134,108€202,395€310,058€262,869€242,111€325,534▲ 34.5%
+ Depreciation and write-downs630€100,291€90,401€125,306€121,784€117,196€116,661€108,447▼ 7.0%
Operating cash flow (approximation)€199,401€224,509€327,701€431,842€380,065€358,772€433,981▲ 21.0%
Investment in fixed assets (approximation)--€78,673-€309,271-€48,103-€52,672€0-€44,940-
Change in cash-€395,378-€253,461€359,497€64,450€82,248€73,004▼ 11.2%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 20,136 companies had the same profile as BAERT G.E. has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.0% was still going
4.7% stopped otherwise
0.2% went bankrupt

That fits the bankruptcy probability of BAERT G.E. itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 20,136 companies, not a prediction for BAERT G.E.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Latest 10 of 21 filings with the National Bank
Financial year Type Filed Reference Document
30-09-2025 abbreviated format 26-03-2026 2026-00064582 PDF
30-09-2024 abbreviated format 06-03-2025 2025-00044537 PDF
30-09-2023 abbreviated format 08-03-2024 2024-00040890 PDF
30-09-2022 abbreviated format 10-03-2023 2023-00038057 PDF
30-09-2021 abbreviated format 25-03-2022 2022-08800307 PDF
30-09-2020 abbreviated format 23-02-2021 2021-05900393 PDF
30-09-2019 abbreviated format 02-03-2020 2020-06200026 PDF
30-09-2018 abbreviated format 29-03-2019 2019-08500103 PDF
30-09-2017 abbreviated format 30-03-2018 2018-09100050 PDF
30-09-2016 abbreviated format 13-03-2017 2017-06200281 PDF

Show all 21 filings

Board & ownership

Directors

Directors
3 directors
Baert Erik
Director · since 27-04-2004 · listed in the 2025 annual accounts, filed on 26-03-2026
Current
Baert Gerard
Director · since 27-04-2004 · listed in the 2025 annual accounts, filed on 26-03-2026
Current
Dhondt Berlinda
Director · since 27-04-2004 · listed in the 2025 annual accounts, filed on 26-03-2026
Current

Owners and capital

Mandate history

3 people, 3 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Baert Erik
  • Director, from 27-04-2004 to date
Baert Gerard
  • Director, from 27-04-2004 to date
Dhondt Berlinda
  • Director, from 27-04-2004 to date
See the board, name and registered office on a given date →

Network & group

BAERT G.E. shares no director with another company.

Connections & network

3 current directors
Depth

The network starts from the directors of BAERT G.E.. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Deeds, filings and financial milestones

Deadline for the 2026 accounts: 30-04-2027
2026
26-03
NBB filing Annual accounts 2025 filedPDF
abbreviated format · 35 days before the deadline
2025
30-09
Financial Highest result from 2019 to 2025net €325,534 ▲34.5%
The operating result of €439,664 and the net result of €325,534 are both a record.
06-03
NBB filing Annual accounts 2024 filedPDF
abbreviated format · 55 days before the deadline
2024
08-03
NBB filing Annual accounts 2023 filedPDF
abbreviated format · 53 days before the deadline
2023
10-03
NBB filing Annual accounts 2022 filedPDF
abbreviated format · 51 days before the deadline
2022
25-03
NBB filing Annual accounts 2021 filedPDF
abbreviated format · 36 days before the deadline
2021
30-09
Financial Equity above €1mequity €1.0m ▲24.7%
With a profit in every financial year since 2019, equity grows to €1.0m.
23-02
NBB filing Annual accounts 2020 filedPDF
abbreviated format · 66 days before the deadline
2020
02-03
NBB filing Annual accounts 2019 filedPDF
abbreviated format · 59 days before the deadline
2019
29-03
NBB filing Annual accounts 2018 filedPDF
abbreviated format · 32 days before the deadline
2018
30-03
NBB filing Annual accounts 2017 filedPDF
abbreviated format · 31 days before the deadline
2017
13-03
NBB filing Annual accounts 2016 filedPDF
abbreviated format · 48 days before the deadline
2004
14-05
Gazette deed IncorporationPDF
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

BAERT G.E. was incorporated on 4 May 2004.1 Total assets rose from €1.3m in 2019 to €2.3m in 2025 and headcount from 19 to 19.9 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Register details

Identity

KBO record
Name BAERT G.E. in Dutch
Enterprise number 0865.090.342
Legal form Public limited company
Status Active, normal situation
Founded 04-05-2004
Entity type Legal entity

Registered office and establishments

Registered office Zandstraat 59, 9170 Sint-Gillis-Waas, Belgium
Establishment unit BAERT G.E., Zandstraat 59, 9170 Sint-Gillis-Waas since 04-05-2004 · unit number 2.137.277.709 4221902 Civil engineering

Activities

NACEBEL 2025
VAT activities
42220 Construction of utility projects for electricity and telecommunications main activity
43221 Plumbing work
43410 Roofing work
Social security (RSZ) activities
43221 Plumbing work main activity
Codes under NACEBEL 2008
VAT activities
42220 Construction of utility projects for electricity and telecommunications main activity
43221 Plumbing
43910 Specialised construction activities
Social security (RSZ) activities
43221 Plumbing main activity
Codes under NACEBEL 2003
VAT activities
45215 main activity
45220
45332
Social security (RSZ) activities
45332 main activity
Joint committees 124 Construction
200 Auxiliary committee for white-collar workers annual accounts 30-09-2023

Invoicing and payment

VAT number BE 0865.090.342
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0865090342
Other Peppol ID 9925:BE0865090342

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

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. Use the enterprise number 0865.090.342

Financial year and general meeting

Accounts at the NBB
Financial year end 30-09

Recognitions · licences · registrations

Recognised contractor

5 categories
BAERT G.E. NVapproval number 33659
  • D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 2, up to €330,000
  • D8 Asphalt and similar roof coverings, waterproofingclass 3, up to €600,000
  • D12 Non-metal, non-asphalt roof coveringsclass 4, up to €1,080,000
  • D16 Sanitary installations and gas heating with individual appliancesclass 2, up to €330,000
  • D22 Metal roofing and zinc workclass 2, up to €330,000
decision 13-09-2022

Dual-learning approval

1 live approval · 3 ended
Monteur sanitaire en verwarmingsinstallaties duaal (so)
approved · 2022 to 2027
Show 3 ended approvals
Dakdekker leien en pannen (so)
discontinued · 2020 to 2025
Sanitair installateur (so)
discontinued · 2022 to 2025
Sanitair installateur (so)
ended · 2017 to 2022

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area
1,429 m²
Building footprint
1,099 m²
Building volume
7,897 m³
Cadastral parcel Region Area Buildings Height / floors
46022A0093/00G000 Flanders 1,429 m² 1 · 1,099 m² 10.6 m · 2