Summary
BAERTPLAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €95k and a net result of €120k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 45% of 1482 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
102 d early
2024
106 d early
2023
100 d early
2022
33 d early
2021
130 d early
2020
110 d early
2019
52 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date Which other companies resemble this one?Lookalike companies
Financials · fiscal year 2025, abbreviated schema
Equity
€95k▲ 27.5%
2024 · €75k
Net result
€120k▲ 18.9%
2024 · €101k
Total assets
€275k▼ 11.0%
2024 · €308k
Solvency
34.6%▲ 10.4pp
2024 · 24.2%
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
Line20212022202320242025
Operating result€57k▼ 34.4%€45k▼ 20.5%€48k▲ 7.1%€115k▲ 137%€130k▲ 13.4%
Net result€51k▼ 36.3%€38k▼ 23.9%€38k▼ 1.7%€101k▲ 168%€120k▲ 18.9%
Equity€62k▲ 0.9%€63k▲ 0.8%€63k▲ 0.5%€75k▲ 18.0%€95k▲ 27.5%
Total assets€145k▼ 21.2%€197k▲ 35.8%€220k▲ 11.7%€308k▲ 40.4%€275k▼ 11.0%
Debt€75k▼ 34.1%€127k▲ 68.2%€149k▲ 17.4%€225k▲ 51.2%€169k▼ 24.7%
Working capital€40k▼ 21.7%€37k▼ 7.3%€23k▼ 38.9%€-9k€35k
Solvency43.0%▲ 9.4pp32.0%▼ 11.1pp28.8%▼ 3.2pp24.2%▼ 4.6pp34.6%▲ 10.4pp
Staff (FTE)0.8=1.5▲ 87.5%1.6▲ 6.7%1.6=1.6=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €275k
Fixed assets
€74k ▼ 20.4%
Current assets
€200k ▼ 7.0%
Equity and liabilities €275k
Equity
€95k ▲ 27.5%
Provisions
€10k ▲ 12.2%
Debt
€169k ▼ 24.7%
Debt's share of the balance-sheet total falls from 72.9% to 61.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
126.8%▼
2024 · 136.0%
ROA
43.9%▲
2024 · 32.9%
Debt ≤ 1 year
€165k▼
2024 · €225k
Income taxes
€10k▼
2024 · €12k
Staff costs
€155k▲
2024 · €143k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €182 | €0 | - | €14k | - |
| Remuneration, social security and pensions62 | - | €109k | €151k | €143k | €155k | ▲ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €12k | €12k | €15k | €17k | ▲ 11.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €33 | €659 | €1k | €1k | ▼ 13.3% |
| Other operating charges640/8 | - | €1k | €1k | €1k | €284 | ▼ 76.1% |
| Gross operating margin9900 | €130k | €167k | €213k | €275k | €303k | ▲ 10.1% |
| Operating profit (loss)9901 | €57k | €45k | €48k | €115k | €130k | ▲ 13.4% |
| Financial income75/76B | - | €0 | €2k | €4k | €2k | ▼ 56.2% |
| Recurring financial income75 | €0 | €0 | €2k | €4k | €2k | ▼ 56.2% |
| Financial charges65/66B | - | €2k | €5k | €6k | €2k | ▼ 69.3% |
| Recurring financial charges65 | €1k | €2k | €5k | €6k | €2k | ▼ 69.3% |
| Profit (loss) for the period before taxes9903 | €56k | €43k | €45k | €113k | €130k | ▲ 15.2% |
| Income taxes67/77 | €5k | €5k | €7k | €12k | €10k | ▼ 17.4% |
| Profit (loss) for the period9904 | €51k | €38k | €38k | €101k | €120k | ▲ 18.9% |
| Profit (loss) for the period to be appropriated9905 | €51k | €38k | €38k | €101k | €120k | ▲ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €145k | €197k | €220k | €308k | €275k | ▼ 11.0% |
| Fixed assets21/28 | €37k | €35k | €49k | €93k | €74k | ▼ 20.4% |
| Intangible fixed assets21 | - | - | €25k | €22k | €20k | ▼ 11.1% |
| Tangible fixed assets22/27 | €37k | €35k | €24k | €71k | €54k | ▼ 23.3% |
| Plant, machinery and equipment23 | - | €3k | €2k | €1k | €373 | ▼ 66.3% |
| Furniture and vehicles24 | - | €19k | €12k | €64k | €49k | ▼ 23.2% |
| Other tangible fixed assets26 | - | €13k | €9k | €6k | €5k | ▼ 16.7% |
| Financial fixed assets28 | €47 | €47 | €47 | €47 | €47 | = |
| Current assets29/58 | €108k | €162k | €171k | €215k | €200k | ▼ 7.0% |
| Amounts receivable within one year40/41 | €11k | €8k | €7k | €6k | €7k | ▲ 15.0% |
| Trade receivables40 | - | €8k | €6k | €6k | €5k | ▼ 3.8% |
| Other amounts receivable41 | - | €608 | €1k | €203 | €1k | ▲ 541% |
| Current investments50/53 | - | - | €100k | €125k | €125k | = |
| Cash at bank and in hand54/58 | €61k | €131k | €29k | €47k | €32k | ▼ 31.1% |
| Deferred charges and accrued income490/1 | - | €23k | €34k | €37k | €36k | ▼ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €145k | €197k | €220k | €308k | €275k | ▼ 11.0% |
| Equity10/15 | €62k | €63k | €63k | €75k | €95k | ▲ 27.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | - | - | - | - |
| Other1109/19 | - | €19k | - | - | - | - |
| Reserves13 | €44k | €44k | €45k | €56k | €76k | ▲ 36.6% |
| Tax-exempt reserves132 | - | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | - | €36k | €36k | €48k | €68k | ▲ 42.9% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €7k | €7k | €8k | €9k | €10k | ▲ 12.2% |
| Provisions for liabilities and charges160/5 | - | €7k | €8k | €9k | €10k | ▲ 12.2% |
| Other liabilities and charges164/5 | - | €7k | €8k | €9k | €10k | ▲ 12.2% |
| Amounts payable17/49 | €75k | €127k | €149k | €225k | €169k | ▼ 24.7% |
| Amounts payable after more than one year17 | €4k | - | - | - | - | - |
| Amounts payable within one year42/48 | €68k | €125k | €148k | €225k | €165k | ▼ 26.4% |
| Current portion of amounts payable after more than one year42 | - | €4k | €0 | - | - | - |
| Trade debts44 | €5k | - | €4k | €51k | €6k | ▼ 87.9% |
| Suppliers440/4 | - | - | €4k | €51k | €6k | ▼ 87.9% |
| Advances received on contracts in progress46 | - | - | €3k | €0 | - | - |
| Taxes, remuneration and social security45 | - | €793 | €20k | €20k | €19k | ▼ 1.0% |
| Taxes450/3 | - | €793 | €1k | €2k | €474 | ▼ 72.7% |
| Remuneration and social security454/9 | - | - | €18k | €18k | €19k | ▲ 6.0% |
| Other amounts payable47/48 | - | €121k | €122k | €154k | €140k | ▼ 9.3% |
| Accrued charges and deferred income492/3 | - | €2k | €152 | €152 | €4k | ▲ 2,533% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51k | €38k | €38k | €101k | €120k | ▲ 18.9% |
| + Depreciation and write-downs630 | €11k | €12k | €12k | €15k | €17k | ▲ 11.4% |
| Operating cash flow (approximation) | €62k | €50k | €50k | €116k | €137k | ▲ 17.9% |
| Investment in fixed assets (approximation) | - | €-9k | €-26k | €-60k | €2k | ▲ 104% |
| Change in cash | - | €70k | €-102k | €17k | €-15k | ▼ 184% |
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
Next filing, fiscal year 2026, expected by
2026
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €120k ▲18.9%
Operating result €130k, net result €120k, both a record.
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €18k ▼3.4%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Roeselare · 1 establishment unit since 1991
Ground area
368 m²
Building footprint
317 m²
Volume, LiDAR
1,236 m³
Parcel 36502B0486/00W013, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Baertplan
since 19912.051.969.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0486/00W013 | Flanders | 368 m² | 1 · 317 m² | 6.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 525 EUR awarded · 525 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 405 EUR | 405 EUR |
| 2024 | 1 | 120 EUR | 120 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Daelmans & Associés
BE 0505.786.506
Wavre · Eq €95,019
BUREAU THONNARD THONON
BE 0865.516.449
Crisnée · Eq €94,891
NDU INVEST
BE 0848.777.021
Brussel · Eq €94,702
Verzekeringsgroep
BE 0832.153.201
Westerlo · Eq €95,288
SCI MANAGEMENT
BE 0884.792.131
Chimay · Eq €95,512
Of 4,673 companies in sector 66220 we hold annual accounts for 3,219. 2,675 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
Founded28-01-1991
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Contact
Scores and ratios are computed by Checked and are not a credit decision.