BAFINI
ActiveSummary
BAFINI has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204,926 and a net result of €12,685. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 14% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+19
Solvency31▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.05 in 2024; short-term debt: 72.6% and cash: 1.1% of total assets), and 94.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.9%
Return on assets
0.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 14%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
28 d late
2023
30 d late
2022
44 d late
2021
44 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€536,850▼ 40.5%
2020 · €902,711
EBIT margin
7.2%▼ 72.4pp
2020 · 79.6%
Net result
€12,685▲ 1,797%
2024 · €669
Working capital
€817,790▲ 984%
2024 · €75,409
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
Turnover€536,850▼ 40.5%
Operating result€38,401▼ 94.7%€75,872▲ 97.6%€81,266▲ 7.1%€19,629▼ 75.8%€49,213▲ 151%
Net result€8,241▼ 97.8%€36,524▲ 343%€43,657▲ 19.5%€669▼ 98.5%€12,685▲ 1,797%
EBIT margin7.2%▼ 72.4pp
Equity€121,460▼ 70.5%€157,984▲ 30.1%€201,641▲ 27.6%€202,309▲ 0.3%€204,926▲ 1.3%
Total assets€524,280▼ 52.6%€460,417▼ 12.2%€551,331▲ 19.7%€1.9m▲ 239%€3.4m▲ 84.3%
Debt€402,820▼ 42.0%€302,433▼ 24.9%€349,690▲ 15.6%€1.7m▲ 377%€3.2m▲ 94.4%
Working capital€18,652▼ 94.2%€51,756▲ 177%€79,325▲ 53.3%€75,409▼ 4.9%€817,790▲ 984%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result -98% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 151% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€126,416 ▼ 20.6%
Current assets
€3.3m ▲ 94.1%
Equity and liabilities €3.4m
Equity
€204,926 ▲ 1.3%
Debt
€3.2m ▲ 94.4%
Debt's share of the balance-sheet total rises from 89.2% to 94.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69,591▲
2024 · €40,007
Cash flow
€33,063▲
2024 · €21,047
Current ratio
1.33▲
2024 · 1.05
Quick ratio
0.08▼
2024 · 0.33
Debt to equity
15.81▲
2024 · 8.24
ROE
6.2%▲
2024 · 0.3%
ROA
0.4%▲
2024 · 0.0%
Interest coverage
4.43▲
2024 · 2.24
Debt ≤ 1 year
€2.5m▲
2024 · €1.6m
Debt > 1 year
€17,839▼
2024 · €32,403
Income taxes
€20,838▲
2024 · €1,124
Staff costs
€1,841▼
2024 · €1,855
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,445 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
2.0%
stopped otherwise
96%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,445 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €536,850 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €4,344 | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €435,092 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €292 | €1,855 | €1,841 | ▼ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,925 | €21,035 | €20,378 | €20,378 | €20,378 | = |
| Other operating charges640/8 | €8,932 | €1,494 | €21,064 | €1,961 | €2,175 | ▲ 10.9% |
| Gross operating margin9900 | €66,258 | €98,401 | €123,000 | €43,824 | €73,607 | ▲ 68.0% |
| Operating profit (loss)9901 | €38,401 | €75,872 | €81,266 | €19,629 | €49,213 | ▲ 151% |
| Financial income75/76B | €0 | - | - | €2 | €4 | ▲ 164% |
| Recurring financial income75 | €0 | - | - | €2 | €4 | ▲ 164% |
| Financial charges65/66B | €26,311 | €18,152 | €7,844 | €17,838 | €15,695 | ▼ 12.0% |
| Recurring financial charges65 | €26,311 | €18,152 | €7,844 | €17,838 | €15,695 | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €12,090 | €57,720 | €73,422 | €1,792 | €33,523 | ▲ 1,770% |
| Income taxes67/77 | €3,850 | €21,196 | €29,764 | €1,124 | €20,838 | ▲ 1,754% |
| Profit (loss) for the period9904 | €8,241 | €36,524 | €43,657 | €669 | €12,685 | ▲ 1,797% |
| Profit (loss) for the period to be appropriated9905 | €8,241 | €36,524 | €43,657 | €669 | €12,685 | ▲ 1,797% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €524,280 | €460,417 | €551,331 | €1.9m | €3.4m | ▲ 84.3% |
| Fixed assets21/28 | €209,335 | €188,300 | €179,682 | €159,304 | €126,416 | ▼ 20.6% |
| Tangible fixed assets22/27 | €208,085 | €187,050 | €166,672 | €146,294 | €125,916 | ▼ 13.9% |
| Land and buildings22 | €153,761 | €145,780 | €138,455 | €131,130 | €123,806 | ▼ 5.6% |
| Furniture and vehicles24 | €54,324 | €41,270 | €28,217 | €15,163 | €2,110 | ▼ 86.1% |
| Financial fixed assets28 | €1,250 | €1,250 | €13,010 | €13,010 | €500 | ▼ 96.2% |
| Current assets29/58 | €314,945 | €272,117 | €371,649 | €1.7m | €3.3m | ▲ 94.1% |
| Stocks and contracts in progress3 | €800 | €800 | €229,281 | €1.2m | €3.1m | ▲ 169% |
| Stocks30/36 | €800 | €800 | €229,281 | €1.2m | €3.1m | ▲ 169% |
| Amounts receivable within one year40/41 | €115,010 | €242,068 | €123,488 | €117,438 | €149,570 | ▲ 27.4% |
| Trade receivables40 | €113,488 | €232,068 | €113,488 | €107,438 | €149,570 | ▲ 39.2% |
| Other amounts receivable41 | €1,522 | €10,000 | €10,000 | €10,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €199,135 | €29,249 | €18,880 | €429,757 | €38,051 | ▼ 91.1% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €524,280 | €460,417 | €551,331 | €1.9m | €3.4m | ▲ 84.3% |
| Equity10/15 | €121,460 | €157,984 | €201,641 | €202,309 | €204,926 | ▲ 1.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €38,384 | €82,041 | €82,709 | €85,326 | ▲ 3.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €36,524 | €80,181 | €80,849 | €83,466 | ▲ 3.2% |
| Profit (loss) carried forward14 | €101,000 | €101,000 | €101,000 | €101,000 | €101,000 | = |
| Amounts payable17/49 | €402,820 | €302,433 | €349,690 | €1.7m | €3.2m | ▲ 94.4% |
| Amounts payable after more than one year17 | €106,526 | €82,072 | €57,365 | €32,403 | €17,839 | ▼ 44.9% |
| Financial debts170/4 | €106,526 | €82,072 | €57,365 | €32,403 | €17,839 | ▼ 44.9% |
| Amounts payable within one year42/48 | €296,294 | €220,361 | €292,325 | €1.6m | €2.5m | ▲ 53.0% |
| Current portion of amounts payable after more than one year42 | €24,205 | €24,454 | €24,707 | €526,962 | €1.5m | ▲ 187% |
| Trade debts44 | €4,082 | €50,756 | €239,415 | €100,754 | €160 | ▼ 99.8% |
| Suppliers440/4 | €4,082 | €50,756 | €239,415 | €100,754 | €160 | ▼ 99.8% |
| Taxes, remuneration and social security45 | €874 | €70,456 | €14,683 | €10,504 | €10,109 | ▼ 3.8% |
| Taxes450/3 | €874 | €70,456 | €14,683 | €10,504 | €10,109 | ▼ 3.8% |
| Other amounts payable47/48 | €267,132 | €74,695 | €13,520 | €996,205 | €977,464 | ▼ 1.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €721,442 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,241 | €36,524 | €43,657 | €669 | €12,685 | ▲ 1,797% |
| + Depreciation and write-downs630 | €18,925 | €21,035 | €20,378 | €20,378 | €20,378 | = |
| Operating cash flow (approximation) | €27,165 | €57,558 | €64,035 | €21,047 | €33,063 | ▲ 57.1% |
| Investment in fixed assets (approximation) | - | €0 | -€11,760 | €0 | €12,510 | - |
| Change in cash | - | -€169,886 | -€10,369 | €410,877 | -€391,706 | ▼ 195% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €200,000Eq €201,641 ▲27.6%
5 profitable years in a row build equity to €201,641.
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
31-12
Financial
Equity above €150,000Eq €157,984 ▲30.1%
4 profitable years in a row build equity to €157,984.
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 44 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €369,193 ▲4,457%
Operating result €718,342, net result €369,193, both a record.
31-12
Financial
Equity above €200,000Eq €412,010 ▲862%
2 profitable years in a row build equity to €412,010.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €8,102
Net result €8,102 after one loss-making year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Knokke-Heist · 1 establishment unit since 2007
Ground area
5,390 m²
Building footprint
1,933 m²
Volume, LiDAR
13,878 m³
Parcel 31039F0083/00S003, Flanders · tallest building 8.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BAFINI
since 20072.159.488.531
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039F0083/00S003 | Flanders | 5,390 m² | 1 · 1,933 m² | 8.5 m · 3 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 39,809 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 (pre-2019)
Founded02-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
68110Buying and selling of own real estate
74201Photography, excluding press photography
90111Literary creation
Contact
Phone
0477/351843Knokke-Heist
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886933950
Registered
13-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.