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BaerTech

Active
Private limited companyfounded 2024active for 1 yearKoning Albertstraat 116, 8210 Zedelgem, BelgiumKBO/BCE: BE 1017.933.836
Summary

BaerTech has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,723 and a net result of €18,723. Its solvency ranks better than 26% of 34,789 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
Size
≈ €180,000turnover 2025, estimated
Equity
€28,723
Profit
€18,723
Turnover estimated from the gross margin
Financial health
66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Structure
2025 accounts 21 days early
Why 66raises riskFounded in 2024Size: total assets €115,280Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 0.88, cash €32,991Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 46% of its sector peers (NACE 43, micro)
Financial strength
Strong
Solvency 50
equity 24.9% of total assets
Liquidity 46
short-term debt 73.9% · cash 28.6%
Profitability 89
return on assets 16.2%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,658 companies, NACE 43, micro)
Last 24 months 01-2026: 1.9% 02-2026: 1.9%● unchanged vs 01-2026 03-2026: 2.0%▲ +0.1 percentage points vs 02-2026 04-2026: 2.3%▲ +0.3 percentage points vs 03-2026 05-2026: 2.4%▲ +0.1 percentage points vs 04-2026 06-2026: 2.7%▲ +0.3 percentage points vs 05-2026 07-2026: 2.7%● unchanged vs 06-2026 08-2026: 3.0%▲ +0.3 percentage points vs 07-2026 09-2026: 3.0%● unchanged vs 08-2026highest value 10-2026: 1.0%▼ -2.0 percentage points vs 09-2026lowest value
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.88, below 1; short-term debt: 73.9% and cash: 28.6% of total assets), and 75.1% 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 26% on solvency, 37% on liquidity and 75% on profitability.

The bankruptcy probability was computed on 28-10-2026 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 riskneutral
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 0.88, cash €32,991
NBB · annual accounts
raises risk · Size: total assets €115,280
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
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 09-04-2026, 21 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
21 days early
← before the deadline after the deadline →
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 2025 · micro…
  2. IncorporationAppointment: BAERT Jari (director) ·…

Financials · financial year 2025, micro format

Turnover
≈ €180,000
Estimated: probably between €130,000 and €200,000
Total assets
€115,280
Net result
€18,723
Working capital
-€10,003

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 €115,280
Fixed assets €40,115
Current assets €75,165
Equity and liabilities €115,280
Equity €28,723
Debt €86,557
Debt finances 75.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€30,260
Cash flow
€22,903
Current ratio
0.88
Quick ratio
0.64
Debt to equity
3.01
ROE
65.2%
ROA
16.2%
Interest coverage
83.96
Debt ≤ 1 year
€85,168
Income taxes
€7,078

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.

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 2,390 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 · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€115,280
Fixed assets21/28€40,115
Tangible fixed assets22/27€40,115
Plant, machinery and equipment23€8,766
Furniture and vehicles24€31,349
Current assets29/58€75,165
Stocks and contracts in progress3€20,504
Stocks30/36€20,504
Amounts receivable within one year40/41€20,340
Trade receivables40€15,785
Other amounts receivable41€4,555
Cash at bank and in hand54/58€32,991
Deferred charges and accrued income490/1€1,330
Equity and liabilities
Total equity and liabilities10/49€115,280
Equity10/15€28,723
Contributions10/11€10,000
Reserves13€18,723
Distributable reserves133€18,723
Amounts payable17/49€86,557
Amounts payable within one year42/48€85,168
Trade debts44€71,483
Suppliers440/4€71,483
Taxes, remuneration and social security45€13,685
Taxes450/3€10,685
Remuneration and social security454/9€3,000
Accrued charges and deferred income492/3€1,389
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,180
Other operating charges640/8€120
Gross operating margin9900€30,380
Operating profit (loss)9901€26,080
Financial income75/76B€81
Recurring financial income75€81
Financial charges65/66B€360
Recurring financial charges65€360
Profit (loss) for the period before taxes9903€25,801
Income taxes67/77€7,078
Profit (loss) for the period9904€18,723
Profit (loss) for the period to be appropriated9905€18,723
Appropriation of the result
Profit (loss) to be appropriated9906€18,723
Transfer to equity691/2€18,723
To other reserves6921€18,723

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,180
Other operating charges640/8€120
Gross operating margin9900€30,380
Operating profit (loss)9901€26,080
Financial income75/76B€81
Recurring financial income75€81
Financial charges65/66B€360
Recurring financial charges65€360
Profit (loss) for the period before taxes9903€25,801
Income taxes67/77€7,078
Profit (loss) for the period9904€18,723
Profit (loss) for the period to be appropriated9905€18,723
Line2025
Assets
Total assets20/58€115,280
Fixed assets21/28€40,115
Tangible fixed assets22/27€40,115
Plant, machinery and equipment23€8,766
Furniture and vehicles24€31,349
Current assets29/58€75,165
Stocks and contracts in progress3€20,504
Stocks30/36€20,504
Amounts receivable within one year40/41€20,340
Trade receivables40€15,785
Other amounts receivable41€4,555
Cash at bank and in hand54/58€32,991
Deferred charges and accrued income490/1€1,330
Equity and liabilities
Total equity and liabilities10/49€115,280
Equity10/15€28,723
Contributions10/11€10,000
Reserves13€18,723
Distributable reserves133€18,723
Amounts payable17/49€86,557
Amounts payable within one year42/48€85,168
Trade debts44€71,483
Suppliers440/4€71,483
Taxes, remuneration and social security45€13,685
Taxes450/3€10,685
Remuneration and social security454/9€3,000
Accrued charges and deferred income492/3€1,389
Line2025
Profit (loss) for the period9904€18,723
+ Depreciation and write-downs630€4,180
Operating cash flow (approximation)€22,903

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
30-09-2025 micro format 09-04-2026 2026-00075350

Similar companies · same sector, comparable size

Of the 9,483 active companies whose main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222), figures are known for 5,759. 4,080 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
BAERT Jari
Director (not named in the articles) · since 30-12-2024
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
BAERT Jari
  • Director (not named in the articles), from 30-12-2024 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 30-12-2024 ↗

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

Capital over the years
  1. 30-12-2024 Incorporation · €10,000 · 100 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

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

History

BaerTech was incorporated on 24 December 2024 as a private limited company by one natural person, with a starting capital of €10,000.12 Since 2024, BAERT Jari has served as director of the company.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 30-12-2024
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
09-04
NBB filing Annual accounts filed
financial year 2025 · micro format
2024
30-12
Gazette deed Incorporation
Appointment: BAERT Jari (director) · Founder · Founding capital12 facts ▸
  • Incorporation, 24-12-2024
  • Founder, BAERT Jari
  • Founding capital, €10,000
  • Bank account, “bijzondere rekening geopend namens vennootschap in oprichting”, 10000 (deed in Dutch)
  • Shareholding, 100
  • Other provision, “slot-en overgangsbepalingen-inwerkingtreding, comparant” (deed in Dutch)
  • Registered office clause, “8210 Veldegem,Koning Albertstraat 116” (deed in Dutch)
  • Board rule, 1
  • Director appointment, BAERT Jari (director (not named in the articles))
  • Other provision, “verklaring geen verbod en aanvaarding, Koninklijk Besluit nummer 22 van 24-10-1934” (deed in Dutch)
  • Shareholding, BAERT Jari
  • Other provision, “notariële wijs op verplichting, artikel 2:8,§4 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded24-12-2024
Financial year end30-09
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43120Site preparation
43230Insulation installation
43910Bricklaying and masonry work
47540Retail sale of electrical household appliances
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID 0208:1017933836
Also 9925:BE1017933836
Registered 26-11-2025

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

Register as of 29 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 1017.933.836

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

Sites & property

Location & real-estate footprint
Registered office, Zedelgem · 1 establishment unit since 2025
registered office establishment The establishment unit on the map
Ground area
974 m²
Building footprint
156 m²
Building volume
766 m³
Parcel 31036F0413/00A003, Flanders · tallest building 10.6 m. Linked by address, not a title deed.
1 establishment unit
BaerTech
Koning Albertstraat 116, 8210 ZedelgemInstallation of electric heating, air conditioning, cooling and ventilation
since 2025unit no. 2.368.713.175
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
31036F0413/00A003 Flanders 974 m² 1 · 156 m² 10.6 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
BaerTech
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, bestuursorgaan mag bij enkel besluit exploitatiezetels oprichten of opheffen wanneer en waar nodig,voor zover geen wijziging…” (deed in Dutch)

deed of 30-12-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“De algemene vergadering kan het mandaat van een al dan niet in de statuten benoemde bestuurder steeds beëindigen wegens wettige reden…”
Board ruleHow the board is made up, meets and takes decisions.
“Aantal,duur opdracht en bij meerdere bevoegdheid, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)

deed of 30-12-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Saturday of March at 18:00

deed of 30-12-2024

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 beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Bij ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere…” (deed in Dutch)

deed of 30-12-2024

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

Other provision: “Dagelijks bestuur, bestuursorgaan bepaalt of zij alleen,dan wel gezamenlijk optreden” (deed in Dutch)
Other provision: “Één of meerdere commissarissen, controle van de vennootschap” (deed in Dutch)
Other provision: “Oproepingen algemene vergadering, per email aan aandeelhouders,bestuurders en,in voorkomend geval,houders converteerbare obligaties op…” (deed in Dutch)
Other provision: “Toegang tot algemene vergadering, indien enkel stemrechten geschorst mag nog deelnemen zonder stemming” (deed in Dutch)
Other provision: “Bestemming nettowinst-reserves, algemene vergadering” (deed in Dutch)
Other provision: “Interimdividend, winst lopende boekjaar of winst voorgaande boekjaar zolang jaarrekening nog niet goedgekeurd” (deed in Dutch)
4 more provisions in the deed, see the deed of 30-12-2024

deed of 30-12-2024