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 €94,984 and a net result of €120,462. Equity is growing by about 6% per year across the filed financial years. Its solvency ranks better than 46% of 1,847 sector peers (NACE 66, financial year 2025). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Equity
€94,984▲ 27.5%
2024 · €74,523
Net result
€120,462▲ 18.9%
2024 · €101,342
Total assets
€274,507▼ 11.0%
2024 · €308,473
Solvency
34.6%▲ 10.4pp
2024 · 24.2%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€129,915
2025
Net result€120,462
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€274,507
2025
Equity€94,984
2025
Debt€169,196
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€35,019
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)43.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency34.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.21
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1.6
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€29,759-€23,915▼ 19.6%€86,615▲ 262%€56,850▼ 34.4%€45,219▼ 20.5%€48,421▲ 7.1%€114,520▲ 137%€129,915▲ 13.4%
Net result€18,446-€17,818▼ 3.4%€79,430within the sector's middle half▲ 346%€50,563within the sector's middle half▼ 36.3%€38,493within the sector's middle half▼ 23.9%€37,842within the sector's middle half▼ 1.7%€101,342within the sector's middle half▲ 168%€120,462within the sector's middle half▲ 18.9%
Equity€52,035-€54,853▲ 5.4%€61,783below the sector's middle half▲ 12.6%€62,346below the sector's middle half▲ 0.9%€62,839below the sector's middle half▲ 0.8%€63,181below the sector's middle half▲ 0.5%€74,523below the sector's middle half▲ 18.0%€94,984within the sector's middle half▲ 27.5%
Total assets€68,296-€117,185▲ 71.6%€183,679below the sector's middle half▲ 56.7%€144,822below the sector's middle half▼ 21.2%€196,651below the sector's middle half▲ 35.8%€219,738below the sector's middle half▲ 11.7%€308,473below the sector's middle half▲ 40.4%€274,507below the sector's middle half▼ 11.0%
Debt€11,002-€56,287▲ 412%€114,155▲ 103%€75,261▼ 34.1%€126,564▲ 68.2%€148,649▲ 17.4%€224,746▲ 51.2%€169,196▼ 24.7%
Working capital€36,924-€72,046▲ 95.1%€50,908within the sector's middle half▼ 29.3%€39,879within the sector's middle half▼ 21.7%€36,983within the sector's middle half▼ 7.3%€22,592within the sector's middle half▼ 38.9%-€9,428within the sector's middle half€35,019within the sector's middle half
Solvency76.2%-46.8%▼ 29.4pp33.6%within the sector's middle half▼ 13.2pp43.0%within the sector's middle half▲ 9.4pp32.0%within the sector's middle half▼ 11.1pp28.8%within the sector's middle half▼ 3.2pp24.2%within the sector's middle half▼ 4.6pp34.6%within the sector's middle half▲ 10.4pp
Current ratio4.36-3.94▼ 0.421.58within the sector's middle half▼ 2.351.59within the sector's middle half▲ 0.011.30within the sector's middle half▼ 0.291.15within the sector's middle half▼ 0.140.96within the sector's middle half▼ 0.191.21within the sector's middle half▲ 0.25
Return on assets (ROA)27.0%-15.2%▼ 11.8pp43.2%above the sector's middle half▲ 28.0pp34.9%above the sector's middle half▼ 8.3pp19.6%above the sector's middle half▼ 15.3pp17.2%within the sector's middle half▼ 2.4pp32.9%above the sector's middle half▲ 15.6pp43.9%above the sector's middle half▲ 11.0pp
Staff (FTE)0.80.8below the sector's middle half=0.8below the sector's middle half=1.5below the sector's middle half▲ 87.5%1.6below the sector's middle half▲ 6.7%1.6below the sector's middle half=1.6within the sector's middle half=
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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 €274,507
Fixed assets
€74,295 ▼ 20.4%
Current assets
€200,212 ▼ 7.0%
Equity and liabilities €274,507
Equity
€94,984 ▲ 27.5%
Provisions
€10,327 ▲ 12.2%
Debt
€169,196 ▼ 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%
Debt ≤ 1 year
€165,193▼
2024 · €224,594
Income taxes
€9,523▼
2024 · €11,523
Staff costs
€154,784▲
2024 · €143,165
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €182 | €0 | - | €13,820 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €109,479 | €150,834 | €143,165 | €154,784 | ▲ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,233 | €6,984 | €6,449 | €11,010 | €11,549 | €11,825 | €15,073 | €16,799 | ▲ 11.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €33 | €659 | €1,296 | €1,123 | ▼ 13.3% |
| Other operating charges640/8 | - | - | - | - | €1,016 | €1,134 | €1,187 | €284 | ▼ 76.1% |
| Gross operating margin9900 | €36,158 | €73,745 | €156,103 | €129,941 | €167,297 | €212,873 | €275,241 | €302,904 | ▲ 10.1% |
| Operating profit (loss)9901 | €29,759 | €23,915 | €86,615 | €56,850 | €45,219 | €48,421 | €114,520 | €129,915 | ▲ 13.4% |
| Financial income75/76B | - | - | - | - | €0 | €1,548 | €4,396 | €1,927 | ▼ 56.2% |
| Recurring financial income75 | €1,237 | - | €0 | €0 | €0 | €1,548 | €4,396 | €1,927 | ▼ 56.2% |
| Financial charges65/66B | - | - | - | - | €2,154 | €4,763 | €6,052 | €1,857 | ▼ 69.3% |
| Recurring financial charges65 | €503 | €587 | €809 | €1,122 | €2,154 | €4,763 | €6,052 | €1,857 | ▼ 69.3% |
| Profit (loss) for the period before taxes9903 | €30,493 | €23,328 | €85,806 | €55,728 | €43,066 | €45,206 | €112,864 | €129,984 | ▲ 15.2% |
| Income taxes67/77 | €12,047 | €5,510 | €6,376 | €5,165 | €4,573 | €7,363 | €11,523 | €9,523 | ▼ 17.4% |
| Profit (loss) for the period9904 | €18,446 | €17,818 | €79,430 | €50,563 | €38,493 | €37,842 | €101,342 | €120,462 | ▲ 18.9% |
| Profit (loss) for the period to be appropriated9905 | €18,446 | €17,818 | €79,430 | €50,563 | €38,493 | €37,842 | €101,342 | €120,462 | ▲ 18.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €68,296 | €117,185 | €183,679 | €144,822 | €196,651 | €219,738 | €308,473 | €274,507 | ▼ 11.0% |
| Fixed assets21/28 | €20,370 | €20,607 | €45,536 | €37,202 | €34,604 | €48,649 | €93,306 | €74,295 | ▼ 20.4% |
| Intangible fixed assets21 | - | - | - | - | - | €24,925 | €22,425 | €19,925 | ▼ 11.1% |
| Tangible fixed assets22/27 | €20,322 | €20,560 | €45,489 | €37,155 | €34,557 | €23,677 | €70,834 | €54,323 | ▼ 23.3% |
| Plant, machinery and equipment23 | - | - | - | - | €2,862 | €2,084 | €1,110 | €373 | ▼ 66.3% |
| Furniture and vehicles24 | - | - | - | - | €19,009 | €12,397 | €64,018 | €49,195 | ▼ 23.2% |
| Other tangible fixed assets26 | - | - | - | - | €12,686 | €9,196 | €5,707 | €4,755 | ▼ 16.7% |
| Financial fixed assets28 | €47 | €47 | €47 | €47 | €47 | €47 | €47 | €47 | = |
| Current assets29/58 | €47,926 | €96,578 | €138,142 | €107,620 | €162,047 | €171,089 | €215,167 | €200,212 | ▼ 7.0% |
| Amounts receivable within one year40/41 | - | €136 | €48,499 | €10,533 | €8,283 | €7,202 | €5,880 | €6,759 | ▲ 15.0% |
| Trade receivables40 | - | - | - | - | €7,675 | €5,725 | €5,677 | €5,460 | ▼ 3.8% |
| Other amounts receivable41 | - | - | - | - | €608 | €1,477 | €203 | €1,299 | ▲ 541% |
| Current investments50/53 | - | - | - | - | - | €100,000 | €125,000 | €125,000 | = |
| Cash at bank and in hand54/58 | €10,897 | €16,814 | €66,213 | €61,484 | €131,228 | €29,463 | €46,793 | €32,224 | ▼ 31.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €22,537 | €34,424 | €37,494 | €36,230 | ▼ 3.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €68,296 | €117,185 | €183,679 | €144,822 | €196,651 | €219,738 | €308,473 | €274,507 | ▼ 11.0% |
| Equity10/15 | €52,035 | €54,853 | €61,783 | €62,346 | €62,839 | €63,181 | €74,523 | €94,984 | ▲ 27.5% |
| Contributions10/11 | €18,550 | €18,550 | - | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Contributions outside capital11 | - | - | - | - | €18,550 | - | - | - | - |
| Other1109/19 | - | - | - | - | €18,550 | - | - | - | - |
| Reserves13 | €33,485 | €36,303 | €43,233 | €43,796 | €44,289 | €44,631 | €55,973 | €76,434 | ▲ 36.6% |
| Tax-exempt reserves132 | - | - | - | - | €8,323 | €8,323 | €8,323 | €8,323 | = |
| Distributable reserves133 | - | - | - | - | €35,965 | €36,308 | €47,650 | €68,111 | ▲ 42.9% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €5,259 | €6,044 | €7,741 | €7,216 | €7,249 | €7,908 | €9,203 | €10,327 | ▲ 12.2% |
| Provisions for liabilities and charges160/5 | - | - | - | - | €7,249 | €7,908 | €9,203 | €10,327 | ▲ 12.2% |
| Other liabilities and charges164/5 | - | - | - | - | €7,249 | €7,908 | €9,203 | €10,327 | ▲ 12.2% |
| Amounts payable17/49 | €11,002 | €56,287 | €114,155 | €75,261 | €126,564 | €148,649 | €224,746 | €169,196 | ▼ 24.7% |
| Amounts payable after more than one year17 | - | - | €9,500 | €3,500 | - | - | - | - | - |
| Amounts payable within one year42/48 | €11,002 | €24,533 | €87,235 | €67,741 | €125,064 | €148,497 | €224,594 | €165,193 | ▼ 26.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,500 | €0 | - | - | - |
| Trade debts44 | €856 | €226 | €279 | €4,924 | - | €4,443 | €51,112 | €6,163 | ▼ 87.9% |
| Suppliers440/4 | - | - | - | - | - | €4,443 | €51,112 | €6,163 | ▼ 87.9% |
| Advances received on contracts in progress46 | - | - | - | - | - | €2,707 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €793 | €19,628 | €19,509 | €19,308 | ▼ 1.0% |
| Taxes450/3 | - | - | - | - | €793 | €1,357 | €1,735 | €474 | ▼ 72.7% |
| Remuneration and social security454/9 | - | - | - | - | - | €18,271 | €17,775 | €18,834 | ▲ 6.0% |
| Other amounts payable47/48 | - | - | - | - | €120,770 | €121,719 | €153,974 | €139,722 | ▼ 9.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,500 | €152 | €152 | €4,003 | ▲ 26× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,446 | €17,818 | €79,430 | €50,563 | €38,493 | €37,842 | €101,342 | €120,462 | ▲ 18.9% |
| + Depreciation and write-downs630 | €5,233 | €6,984 | €6,449 | €11,010 | €11,549 | €11,825 | €15,073 | €16,799 | ▲ 11.4% |
| Operating cash flow (approximation) | €23,679 | €24,802 | €85,879 | €61,572 | €50,042 | €49,667 | €116,415 | €137,260 | ▲ 17.9% |
| Investment in fixed assets (approximation) | - | -€7,221 | -€31,379 | -€2,676 | -€8,951 | -€25,870 | -€59,730 | €2,213 | - |
| Change in cash | - | €5,916 | €49,399 | -€4,729 | €69,744 | -€101,765 | €17,331 | -€14,569 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 20-04-2026 | 2026-00082850 |
| 31-12-2024 | abbreviated format | 16-04-2025 | 2025-00070689 |
| 31-12-2023 | abbreviated format | 22-04-2024 | 2024-00066379 |
| 31-12-2022 | abbreviated format | 28-06-2023 | 2023-00169152 |
| 31-12-2021 | abbreviated format | 23-03-2022 | 2022-08300024 |
| 31-12-2020 | abbreviated format | 12-04-2021 | 2021-10200161 |
| 31-12-2019 | abbreviated format | 09-06-2020 | 2020-15500326 |
| 31-12-2018 | abbreviated format | 27-05-2019 | 2019-14600481 |
| 31-12-2017 | abbreviated format | 11-06-2018 | 2018-17500343 |
| 31-12-2016 | abbreviated format | 21-06-2017 | 2017-19800161 |
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Of the 4,604 active companies whose main activity is insurance agents and brokers (NACE 66220), figures are known for 3,225. 2,663 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €525 awarded · €525 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €405 | €405 |
| 2024 | 1 | €120 | €120 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.