Summary
BAERT P. is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €178,384 and a net result of €53,261. Equity is growing by ~38.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 3320 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
30 d late
2022
31 d late
2021
29 d late
2020
31 d late
2019
34 d late
← 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 31 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#8 oldest company in Gavere, Finance and insurance sector
Equity
€178,384▲ 41.7%
2023 · €125,923
Net result
€53,261▲ 104%
2023 · €26,062
Total assets
€232,960▲ 32.2%
2023 · €176,216
Solvency
76.6%▲ 5.1pp
2023 · 71.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€9,254▼ 80.8%€17,815▲ 92.5%€63,642▲ 257%€40,903▼ 35.7%€78,527▲ 92.0%
Net result€4,250within the sector's middle half▼ 87.2%€10,437within the sector's middle half▲ 146%€44,182within the sector's middle half▲ 323%€26,062within the sector's middle half▼ 41.0%€53,261within the sector's middle half▲ 104%
Equity€55,002within the sector's middle half▲ 8.4%€65,439within the sector's middle half▲ 19.0%€109,621within the sector's middle half▲ 67.5%€125,923within the sector's middle half▲ 14.9%€178,384within the sector's middle half▲ 41.7%
Total assets€107,504below the sector's middle half▲ 2.9%€105,204below the sector's middle half▼ 2.1%€170,304within the sector's middle half▲ 61.9%€176,216within the sector's middle half▲ 3.5%€232,960within the sector's middle half▲ 32.2%
Debt€52,502▼ 2.2%€39,765▼ 24.3%€60,682▲ 52.6%€50,294▼ 17.1%€54,576▲ 8.5%
Working capital€51,674▲ 22.1%€65,921▲ 27.6%€99,353▲ 50.7%€118,125▲ 18.9%€173,444▲ 46.8%
Solvency51.2%within the sector's middle half▲ 2.6pp62.2%within the sector's middle half▲ 11.0pp64.4%within the sector's middle half▲ 2.2pp71.5%within the sector's middle half▲ 7.1pp76.6%above the sector's middle half▲ 5.1pp
Staff (FTE)0.8below the sector's middle half=1▲ 25.0%1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 92% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €232,960
Fixed assets
€6,940 ▼ 29.2%
Current assets
€226,020 ▲ 35.8%
Equity and liabilities €232,960
Equity
€178,384 ▲ 41.7%
Debt
€54,576 ▲ 8.5%
Debt's share of the balance-sheet total falls from 28.5% to 23.4%. Equity and debt are higher.
Key figures and ratios
ROE
29.9%▲
2023 · 20.7%
ROA
22.9%▲
2023 · 14.8%
Debt ≤ 1 year
€52,576▲
2023 · €48,294
Income taxes
€22,760▲
2023 · €12,541
Staff costs
€63,170▲
2023 · €62,987
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €467 | €2,621 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €57,044 | €56,035 | €62,987 | €63,170 | ▲ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,087 | €2,632 | €1,735 | €3,040 | €2,858 | ▼ 6.0% |
| Other operating charges640/8 | - | €1,686 | €1,408 | €1,676 | €1,338 | ▼ 20.2% |
| Gross operating margin9900 | €61,217 | €79,177 | €122,820 | €108,606 | €145,893 | ▲ 34.3% |
| Operating profit (loss)9901 | €9,254 | €17,815 | €63,642 | €40,903 | €78,527 | ▲ 92.0% |
| Financial income75/76B | - | €3 | €2 | €1 | €11 | ▲ 1,122% |
| Recurring financial income75 | €2 | €3 | €2 | €1 | €11 | ▲ 1,122% |
| Financial charges65/66B | - | €1,020 | €1,025 | €2,300 | €2,517 | ▲ 9.4% |
| Recurring financial charges65 | €984 | €1,020 | €1,025 | €2,300 | €2,517 | ▲ 9.4% |
| Profit (loss) for the period before taxes9903 | €8,273 | €16,798 | €62,619 | €38,604 | €76,021 | ▲ 96.9% |
| Income taxes67/77 | €4,022 | €6,361 | €18,436 | €12,541 | €22,760 | ▲ 81.5% |
| Profit (loss) for the period9904 | €4,250 | €10,437 | €44,182 | €26,062 | €53,261 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | €4,250 | €10,437 | €44,182 | €26,062 | €53,261 | ▲ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,504 | €105,204 | €170,304 | €176,216 | €232,960 | ▲ 32.2% |
| Fixed assets21/28 | €5,328 | €2,696 | €12,837 | €9,797 | €6,940 | ▼ 29.2% |
| Tangible fixed assets22/27 | €5,228 | €2,596 | €12,737 | €9,697 | €6,840 | ▼ 29.5% |
| Furniture and vehicles24 | - | €1,449 | €11,928 | €9,224 | €6,703 | ▼ 27.3% |
| Other tangible fixed assets26 | - | €1,147 | €810 | €473 | €136 | ▼ 71.2% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €102,176 | €102,508 | €157,466 | €166,419 | €226,020 | ▲ 35.8% |
| Amounts receivable within one year40/41 | €3,478 | - | €1,564 | €5,000 | €1,875 | ▼ 62.5% |
| Trade receivables40 | - | - | - | - | €1,875 | - |
| Other amounts receivable41 | - | - | €1,564 | €5,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €79,247 | €84,379 | €107,437 | €115,991 | €173,315 | ▲ 49.4% |
| Deferred charges and accrued income490/1 | - | €18,129 | €48,465 | €45,428 | €50,830 | ▲ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,504 | €105,204 | €170,304 | €176,216 | €232,960 | ▲ 32.2% |
| Equity10/15 | €55,002 | €65,439 | €109,621 | €125,923 | €178,384 | ▲ 41.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €36,402 | €46,839 | €91,021 | €107,323 | €159,784 | ▲ 48.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €44,979 | €89,161 | €107,323 | €159,784 | ▲ 48.9% |
| Profit (loss) carried forward14 | -€10,795 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €52,502 | €39,765 | €60,682 | €50,294 | €54,576 | ▲ 8.5% |
| Amounts payable within one year42/48 | €50,502 | €36,587 | €58,113 | €48,294 | €52,576 | ▲ 8.9% |
| Financial debts43 | - | - | €11,252 | €63 | €878 | ▲ 1,283% |
| Credit institutions430/8 | - | - | - | €63 | €878 | ▲ 1,283% |
| Other loans439 | - | - | €11,252 | €0 | - | - |
| Trade debts44 | €21,231 | €1,681 | €17,194 | €3,969 | €7,212 | ▲ 81.7% |
| Suppliers440/4 | - | €1,681 | €17,194 | €3,969 | €7,212 | ▲ 81.7% |
| Taxes, remuneration and social security45 | - | €13,311 | €7,479 | €15,542 | €18,806 | ▲ 21.0% |
| Taxes450/3 | - | €6,571 | €454 | €5,781 | €8,626 | ▲ 49.2% |
| Remuneration and social security454/9 | - | €6,740 | €7,025 | €9,761 | €10,180 | ▲ 4.3% |
| Other amounts payable47/48 | - | €21,595 | €22,188 | €28,719 | €25,680 | ▼ 10.6% |
| Accrued charges and deferred income492/3 | - | €3,178 | €2,569 | €2,000 | €2,000 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,250 | €10,437 | €44,182 | €26,062 | €53,261 | ▲ 104% |
| + Depreciation and write-downs630 | €8,087 | €2,632 | €1,735 | €3,040 | €2,858 | ▼ 6.0% |
| Operating cash flow (approximation) | €12,338 | €13,069 | €45,918 | €29,102 | €56,119 | ▲ 92.8% |
| Investment in fixed assets (approximation) | - | €0 | -€11,877 | €0 | €0 | - |
| Change in cash | - | €5,133 | €23,058 | €8,553 | €57,325 | ▲ 570% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €53,261 ▲104%
Operating result €78,527, net result €53,261, both a record.
31-12
Financial
Equity above €150,000Eq €178,384 ▲41.7%
6 profitable years in a row build equity to €178,384.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €100,000Eq €109,621 ▲67.5%
4 profitable years in a row build equity to €109,621.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
31-12
Financial
Back to profitnet €33,306
Net result €33,306 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 46 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gavere · 1 establishment unit since 2008
Ground area
1,587 m²
Building footprint
305 m²
Volume, LiDAR
1,842 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BAERT P.
since 20082.270.273.914
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44020A0819/00C000 | Flanders | 1,352 m² | 1 · 182 m² | 9.4 m · 2 fl. |
| 44020A0239/00E000 | Flanders | 235 m² | 1 · 124 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 4,216 EUR awarded · 4,216 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 339 EUR | 339 EUR |
| 2024 | 1 | 50 EUR | 50 EUR |
| 2023 | 2 | 2,750 EUR | 2,750 EUR |
| 2022 | 2 | 1,077 EUR | 1,077 EUR |
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,222. 2,834 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898950369
Also
9925:BE0898950369
Registered
04-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.