BAEYAERT
ActiveSummary
BAEYAERT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €207,477 and a net result of €6,470. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 301 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▲+24
Solvency67=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 89.72 against 52.85 in 2023; short-term debt: 0.1% and cash: 5.9% of total assets), but 57.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
29 d early
2022
28 d early
2021
27 d early
2020
32 d early
2019
35 d early
← 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 30 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€207,477▲ 3.2%
2023 · €201,007
Total assets
€489,759▲ 2.2%
2023 · €479,019
Net result
€6,470
2023 · -€7,509
Working capital
€39,706▲ 39.5%
2023 · €28,470
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, 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€44,849▲ 120%€14,014▼ 68.8%€7,370▼ 47.4%-€3,150€8,312
Net result€54,251within the sector's middle half▲ 393%€8,738below the sector's middle half▼ 83.9%€1,554below the sector's middle half▼ 82.2%-€7,509below the sector's middle half€6,470within the sector's middle half
Equity€198,223within the sector's middle half▲ 37.7%€206,961within the sector's middle half▲ 4.4%€208,516within the sector's middle half▲ 0.8%€201,007within the sector's middle half▼ 3.6%€207,477within the sector's middle half▲ 3.2%
Total assets€408,957below the sector's middle half▲ 18.7%€430,183below the sector's middle half▲ 5.2%€425,649below the sector's middle half▼ 1.1%€479,019below the sector's middle half▲ 12.5%€489,759below the sector's middle half▲ 2.2%
Debt€210,733▲ 5.1%€223,221▲ 5.9%€217,134▼ 2.7%€278,012▲ 28.0%€282,282▲ 1.5%
Working capital€54,789▲ 69.0%€27,188▼ 50.4%€29,552▲ 8.7%€28,470▼ 3.7%€39,706▲ 39.5%
Solvency48.5%within the sector's middle half▲ 6.7pp48.1%within the sector's middle half▼ 0.4pp49.0%within the sector's middle half▲ 0.9pp42.0%within the sector's middle half▼ 7.0pp42.4%within the sector's middle half▲ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €8,312 after a loss of €3,150 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €489,759
Fixed assets
€449,605 ▼ 0.1%
Current assets
€40,154 ▲ 38.4%
Equity and liabilities €489,759
Equity
€207,477 ▲ 3.2%
Debt
€282,282 ▲ 1.5%
Debt's share of the balance-sheet total falls from 58.0% to 57.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
89.72▲
2023 · 52.85
Quick ratio
89.43▲
2023 · 52.80
Debt to equity
1.36▼
2023 · 1.38
ROE
3.1%▲
2023 · -3.7%
ROA
1.3%▲
2023 · -1.6%
Debt ≤ 1 year
€448▼
2023 · €549
Debt > 1 year
€281,834▲
2023 · €277,462
Income taxes
€2,430▼
2023 · €7,835
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 | - | - | €101 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,152 | €4,890 | €0 | - | - |
| Other operating charges640/8 | - | €1,239 | €1,258 | €3,884 | €1,128 | ▼ 71.0% |
| Gross operating margin9900 | €47,406 | €16,405 | €13,518 | €734 | €9,440 | ▲ 1,185% |
| Operating profit (loss)9901 | €44,849 | €14,014 | €7,370 | -€3,150 | €8,312 | ▲ 364% |
| Financial income75/76B | - | €3,756 | €2,225 | €4,479 | €6,355 | ▲ 41.9% |
| Recurring financial income75 | €27,128 | €3,756 | €2,225 | €4,479 | €6,355 | ▲ 41.9% |
| Financial charges65/66B | - | €7,698 | €7,173 | €1,002 | €5,767 | ▲ 475% |
| Recurring financial charges65 | €8,203 | €7,698 | €7,173 | €1,002 | €5,767 | ▲ 475% |
| Profit (loss) for the period before taxes9903 | €63,774 | €10,073 | €2,423 | €327 | €8,900 | ▲ 2,624% |
| Income taxes67/77 | €9,524 | €1,335 | €868 | €7,835 | €2,430 | ▼ 69.0% |
| Profit (loss) for the period9904 | €54,251 | €8,738 | €1,554 | -€7,509 | €6,470 | ▲ 186% |
| Profit (loss) for the period to be appropriated9905 | €54,251 | €8,738 | €1,554 | -€7,509 | €6,470 | ▲ 186% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €408,957 | €430,183 | €425,649 | €479,019 | €489,759 | ▲ 2.2% |
| Fixed assets21/28 | €353,851 | €402,562 | €395,897 | €450,000 | €449,605 | ▼ 0.1% |
| Tangible fixed assets22/27 | - | €23,298 | €18,408 | €0 | - | - |
| Furniture and vehicles24 | - | €23,298 | €18,408 | €0 | - | - |
| Financial fixed assets28 | €353,851 | €379,265 | €377,490 | €450,000 | €449,605 | ▼ 0.1% |
| Current assets29/58 | €55,106 | €27,620 | €29,752 | €29,019 | €40,154 | ▲ 38.4% |
| Stocks and contracts in progress3 | €90 | €104 | €44 | €32 | €129 | ▲ 298% |
| Stocks30/36 | - | €104 | €44 | €32 | €129 | ▲ 298% |
| Amounts receivable within one year40/41 | €2,179 | €15,505 | €6,581 | €4,009 | €3,229 | ▼ 19.5% |
| Trade receivables40 | - | €6,856 | €4,665 | €3,083 | €1,270 | ▼ 58.8% |
| Other amounts receivable41 | - | €8,650 | €1,916 | €926 | €1,959 | ▲ 112% |
| Current investments50/53 | €68 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €52,768 | €12,011 | €23,128 | €22,134 | €28,702 | ▲ 29.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2,844 | €8,094 | ▲ 185% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €408,957 | €430,183 | €425,649 | €479,019 | €489,759 | ▲ 2.2% |
| Equity10/15 | €198,223 | €206,961 | €208,516 | €201,007 | €207,477 | ▲ 3.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €177,763 | €186,501 | €188,056 | €180,547 | €187,017 | ▲ 3.6% |
| Amounts payable17/49 | €210,733 | €223,221 | €217,134 | €278,012 | €282,282 | ▲ 1.5% |
| Amounts payable after more than one year17 | €210,416 | €222,789 | €216,933 | €277,462 | €281,834 | ▲ 1.6% |
| Financial debts170/4 | - | €19,500 | €19,500 | €19,500 | €19,500 | = |
| Other amounts payable178/9 | - | €203,289 | €197,433 | €257,962 | €262,334 | ▲ 1.7% |
| Amounts payable within one year42/48 | €317 | €432 | €200 | €549 | €448 | ▼ 18.5% |
| Trade debts44 | €317 | €432 | €200 | €358 | €448 | ▲ 25.1% |
| Suppliers440/4 | - | €432 | €200 | €358 | €448 | ▲ 25.1% |
| Taxes, remuneration and social security45 | - | - | - | €191 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €191 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,251 | €8,738 | €1,554 | -€7,509 | €6,470 | ▲ 186% |
| + Depreciation and write-downs630 | - | €1,152 | €4,890 | €0 | - | - |
| Operating cash flow (approximation) | €54,251 | €9,890 | €6,444 | -€7,509 | €6,470 | ▲ 186% |
| Investment in fixed assets (approximation) | - | -€49,864 | €1,775 | -€54,103 | €395 | ▲ 101% |
| Change in cash | - | -€40,757 | €11,117 | -€994 | €6,569 | ▲ 761% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €6,470
Net result €6,470 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€7,509
Net result drops to -€7,509, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 148.54
Current ratio from 63.94 to 148.54; short-term debt falls from €432 to €200.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €206,961 ▲4.4%
4 profitable years in a row build equity to €206,961.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €54,251 ▲393%
Operating result €44,849, net result €54,251, both a record.
31-12
Financial
Equity above €150,000Eq €198,223 ▲37.7%
3 profitable years in a row build equity to €198,223.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Diksmuide · 1 establishment unit since 1990
Ground area
2,690 m²
Building footprint
1,035 m²
Volume, LiDAR
16,680 m³
Parcel 32003A0610/00D003, Flanders · tallest building 25.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
BAEYAERT BVBA
since 19902.050.300.678
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32003A0610/00D003 | Flanders | 2,690 m² | 1 · 1,035 m² | 25.8 m · 6 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.
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
- ID4YOU
- BAEYAERT
Highest known parent: ID4YOU. The sources do not say who stands above it.
Owners 2
- ID4YOUparent100%
- ID4YOUparentSourceaccounts ID4YOU 202390%
Holdings 1
-
14.14%
According to the 2024 annual accounts of BAEYAERT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,599 companies in sector 16230 we hold annual accounts for 784. 625 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
Founded11-10-1990
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
43320Joinery installation
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441845490
Also
9925:BE0441845490
Registered
15-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.