Result
-€60,557 -€60,557
From profit to loss in 2025, after a profit of €10,439 in 2024.
BAF
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998peak €211,824 (2022)
-€2,616▼ €71,677
lowest -€70,403 (2008)
-€60,557▼ €70,996
peak €303,086 (2024)
€242,529▼ 20.0%
€213,491▲ 859%
peak 1.8 FTE (2006)
0 FTE
Board2 names since 2020
1 directorRobbe van Koeveringe
Owners
64.93%ALAN
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €69,061 to -€2,616Loss of €60,557Equity from €303,086 to €242,529Debts from €22,272 to €213,491Investments €175,998Cash from €20,927 to €22
Key points
from the 2025 annual accountsDebts
€213,491 ▲ 859%
Debts rose by €191,219 in 2025.
Investments
€175,998 4.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 26.1% higher than in 2024.
Liquidity
3.05 was 11.37 in 2024
Short-term debts rose from €22,272 to €82,404.
Filings
28 annual accounts since 1998
Seven of the last ten came late. The 2019 accounts came latest: 81 days after the end of the period.
Position in the sector
-€60,557
Lower net result than 87% of companies in sports and recreation. Sector median €11,201 · 1,114 companies.
Turnover not published (abbreviated format)
Checked score
64
Healthy
Financially stronger than 37% of micro companies in sports and recreation (NACE 93)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 4,269 companies (NACE 93, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%▲ +0.1 percentage points vs 08-2025
10-2025: 0.1%▼ -0.3 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 1.3%▲ +0.9 percentage points vs 08-2026highest value
10-2026: 1.3%● unchanged vs 09-2026highest value
11-2026: 1.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 3.05, cash €22, halved
Loss of €60,557 (financial year 2025)
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €456,020
Calculation
The band follows from the bankruptcy probability. 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 93, micro). It does better than 69% of them on solvency, 40% on liquidity, 15% on profitability and 23% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 929 companies had the same profile as BAF has now. Each dot stands for 3 companies, two years later.
90.1%
were still trading
8.8%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of BAF itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 929 companies, not a prediction for BAF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.05 (11.37 in 2024), above the usual 1.5. Short-term debt is 18.1% and cash 0% of total assets. 46.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
30 days late
2023
30 days early
2022
40 days early
2021
16 days late
2020
31 days late
2019
81 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 August (4 of the last 5 accounts filed within 45 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointment: Robbe van Koeveringe (director)
General meeting of 11-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0461744546
Change of role: vAN KOEVERINGE Alain, from manager to director
“De verhuur en lease van fitnessapparatuur; De verhuur en exploitatie van eigen of geleased niet-residentieel…” (deed in Dutch) · Capital of €18,592.01 · Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
Registered office moved from Aartselaar to Berchem
New registered office: Rysheuvelsstraat 43, 2600 Berchem · Previous registered office: Kontichsesteenweg 73, 2630 Aartselaar · Permanent representative: Sabrina Van Geffen · Board meeting of 31-12-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BAF Antwerp | €0.5m | -€2,616 | 53.2% | 0 |
| ROBINCE Lokeren | €0.4m | -€2,943 | 99.3% | - |
| IMMO UP INVEST Lasne | €0.5m | -€2,842 | -27.0% | - |
| ILSAKI Aalter | €0.3m | -€12,158 | 99.9% | - |
| HELLAS Gavere | €1.0m | -€16,462 | 44.7% | - |
| INTO ACTION Aalst | €0.3m | -€10,055 | 23.5% | - |
| PROMMA Molenbeek-Saint-Jean | €0.1m | -€1,818 | -212.8% | 0.8 |
These companies have the same main activity as BAF: fitness centres (NACE 93130). They are comparable in size and age: total assets between €130,000 and €1m, founded between 1994 and 2009.
Official details
Source: KBO- Status
- Active since 24-10-1997Normal situation
- Activity
- Fitness centresNACE 93130and 3 others
- Joint committee
- 314Hairdressing and beauty care · annual accounts 2022
- Establishment unit
- 2.084.088.4512600 Antwerp, since 06-11-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Insights on BAF
BAF files the abbreviated format. That format states no turnover. The gross margin fell from €156,369 in 2006 to -€2,616 in 2025.
ALAN holds 64.93% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BAF
- What is the company number of BAF?
- The company number of BAF is 0461.744.546. The VAT number is the same number with BE in front: BE 0461.744.546.
- Where is BAF based?
- The registered office is at Rysheuvelsstraat 43, 2600 Antwerp.Company details
- What does BAF do?
- According to the KBO register, the main activity is fitness centres (NACE 93130).
- What is the legal form of BAF?
- BAF is a private limited company (BV).
- When was BAF founded?
- BAF was founded on 24-10-1997.
- Is BAF still active?
- Yes, BAF is an active enterprise in the KBO register.
- How many employees does BAF have?
- BAF had an average of 0.5 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does BAF fall under?
- In its 2022 annual accounts, BAF states joint committee 314 (Hairdressing and beauty care).
- What is the turnover of BAF?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is BAF profitable?
- In financial year 2025, BAF made a loss of €60,557.
- Where can I find the annual accounts of BAF?
- BAF filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BAF due?
- BAF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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