BAFISCO
ActiveSummary
BAFISCO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €212,456 and a net result of €360,199. Equity is growing by ~41.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 15369 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+13
Solvency67▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.9 in 2023; short-term debt: 57.5% and cash: 38% of total assets), but 58.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
31 d late
2022
31 d late
2021
43 d early
2020
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 21 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€212,456▲ 39.5%
2023 · €152,256
Total assets
€507,528▲ 20.7%
2023 · €420,431
Net result
€360,199▲ 1,766%
2023 · €19,302
Working capital
€206,057▲ 276%
2023 · €54,770
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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€12,822-€15,169▲ 18.3%€28,890▲ 90.5%€39,087▲ 35.3%€65,754▲ 68.2%
Net result€9,575within the sector's middle half-€8,254within the sector's middle half▼ 13.8%€113,724above the sector's middle half▲ 1,278%€19,302within the sector's middle half▼ 83.0%€360,199above the sector's middle half▲ 1,766%
Equity€11,775below the sector's middle half-€19,229below the sector's middle half▲ 63.3%€132,954within the sector's middle half▲ 591%€152,256within the sector's middle half▲ 14.5%€212,456within the sector's middle half▲ 39.5%
Total assets€23,799below the sector's middle half-€319,697within the sector's middle half▲ 1,243%€424,975within the sector's middle half▲ 32.9%€420,431within the sector's middle half▼ 1.1%€507,528above the sector's middle half▲ 20.7%
Debt€12,023-€300,468▲ 2,399%€292,021▼ 2.8%€268,175▼ 8.2%€295,073▲ 10.0%
Working capital€9,132--€17,592€63,069€54,770▼ 13.2%€206,057▲ 276%
Solvency49.5%within the sector's middle half-6.0%below the sector's middle half▼ 43.5pp31.3%within the sector's middle half▲ 25.3pp36.2%within the sector's middle half▲ 4.9pp41.9%within the sector's middle half▲ 5.6pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 68% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €507,528
Fixed assets
€9,718 ▼ 96.8%
Current assets
€497,810 ▲ 331%
Equity and liabilities €507,528
Equity
€212,456 ▲ 39.5%
Debt
€295,073 ▲ 10.0%
Debt's share of the balance-sheet total falls from 63.8% to 58.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73,520▲
2023 · €46,788
Cash flow
€367,965▲
2023 · €27,003
Current ratio
1.71▼
2023 · 1.90
Debt to equity
1.39▼
2023 · 1.76
ROE
169.5%▲
2023 · 12.7%
ROA
71.0%▲
2023 · 4.6%
Interest coverage
4.41▼
2023 · 7.14
Debt ≤ 1 year
€291,753▲
2023 · €60,677
Debt > 1 year
€3,319▼
2023 · €207,497
Income taxes
€14,782▲
2023 · €13,235
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
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 6,776 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €196 | €231 | €1,133 | €7,701 | €7,765 | ▲ 0.8% |
| Other operating charges640/8 | - | €904 | €1,789 | €2,403 | €2,197 | ▼ 8.6% |
| Non-recurring operating charges66A | - | - | - | €803 | - | - |
| Gross operating margin9900 | €13,363 | €16,304 | €31,812 | €49,994 | €75,716 | ▲ 51.5% |
| Operating profit (loss)9901 | €12,822 | €15,169 | €28,890 | €39,087 | €65,754 | ▲ 68.2% |
| Financial income75/76B | - | - | €97,918 | €0 | €325,884 | ▲ 362,093,278% |
| Recurring financial income75 | - | - | €97,918 | €0 | €13,384 | ▲ 14,871,056% |
| Non-recurring financial income76B | - | - | €97,918 | - | €312,500 | - |
| Financial charges65/66B | - | €1,401 | €4,609 | €6,550 | €16,657 | ▲ 154% |
| Recurring financial charges65 | €226 | €1,401 | €4,609 | €6,550 | €16,657 | ▲ 154% |
| Profit (loss) for the period before taxes9903 | €12,596 | €13,768 | €122,200 | €32,538 | €374,982 | ▲ 1,052% |
| Income taxes67/77 | €3,020 | €5,514 | €8,475 | €13,235 | €14,782 | ▲ 11.7% |
| Profit (loss) for the period9904 | €9,575 | €8,254 | €113,724 | €19,302 | €360,199 | ▲ 1,766% |
| Profit (loss) for the period to be appropriated9905 | €9,575 | €8,254 | €113,724 | €19,302 | €360,199 | ▲ 1,766% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23,799 | €319,697 | €424,975 | €420,431 | €507,528 | ▲ 20.7% |
| Fixed assets21/28 | €2,643 | €289,912 | €308,779 | €304,984 | €9,718 | ▼ 96.8% |
| Tangible fixed assets22/27 | €2,350 | €2,118 | €20,985 | €17,190 | €9,425 | ▼ 45.2% |
| Furniture and vehicles24 | - | €1,084 | €20,182 | €13,052 | €6,228 | ▼ 52.3% |
| Other tangible fixed assets26 | - | €1,034 | €803 | €4,138 | €3,197 | ▼ 22.8% |
| Financial fixed assets28 | €293 | €287,793 | €287,793 | €287,793 | €293 | ▼ 99.9% |
| Current assets29/58 | €21,156 | €29,786 | €116,197 | €115,447 | €497,810 | ▲ 331% |
| Amounts receivable within one year40/41 | €8,047 | €4,014 | €97,916 | €51,760 | €287,643 | ▲ 456% |
| Trade receivables40 | - | €0 | €0 | - | €9,680 | - |
| Other amounts receivable41 | - | €4,014 | €97,916 | €51,760 | €277,963 | ▲ 437% |
| Current investments50/53 | - | - | - | - | €3,500 | - |
| Cash at bank and in hand54/58 | €11,754 | €18,642 | €18,280 | €63,688 | €192,960 | ▲ 203% |
| Deferred charges and accrued income490/1 | - | €7,129 | €0 | - | €13,707 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23,799 | €319,697 | €424,975 | €420,431 | €507,528 | ▲ 20.7% |
| Equity10/15 | €11,775 | €19,229 | €132,954 | €152,256 | €212,456 | ▲ 39.5% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €8,775 | €16,229 | €129,954 | €149,256 | €209,456 | ▲ 40.3% |
| Amounts payable17/49 | €12,023 | €300,468 | €292,021 | €268,175 | €295,073 | ▲ 10.0% |
| Amounts payable after more than one year17 | - | €253,091 | €238,894 | €207,497 | €3,319 | ▼ 98.4% |
| Financial debts170/4 | - | €253,091 | €238,894 | €207,497 | €3,319 | ▼ 98.4% |
| Amounts payable within one year42/48 | €12,023 | €47,377 | €53,127 | €60,677 | €291,753 | ▲ 381% |
| Current portion of amounts payable after more than one year42 | - | €36,717 | €34,196 | €40,734 | €20,114 | ▼ 50.6% |
| Trade debts44 | €1,349 | €54 | €610 | €5,543 | €4,932 | ▼ 11.0% |
| Suppliers440/4 | - | €54 | €610 | €5,543 | €4,932 | ▼ 11.0% |
| Taxes, remuneration and social security45 | - | €514 | €7,895 | €7,066 | - | - |
| Taxes450/3 | - | €514 | €7,895 | €7,066 | - | - |
| Other amounts payable47/48 | - | €10,093 | €10,426 | €7,334 | €266,708 | ▲ 3,537% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,575 | €8,254 | €113,724 | €19,302 | €360,199 | ▲ 1,766% |
| + Depreciation and write-downs630 | €196 | €231 | €1,133 | €7,701 | €7,765 | ▲ 0.8% |
| Operating cash flow (approximation) | €9,771 | €8,485 | €114,857 | €27,003 | €367,965 | ▲ 1,263% |
| Investment in fixed assets (approximation) | - | -€287,500 | -€20,000 | -€3,906 | €287,500 | ▲ 7,461% |
| Change in cash | - | €6,889 | -€362 | €45,407 | €129,273 | ▲ 185% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2020net €360,199 ▲1,766%
Operating result €65,754, net result €360,199, both a record.
31-12
Financial
Equity above €200,000Eq €212,456 ▲39.5%
5 profitable years in a row build equity to €212,456.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Equity above €150,000Eq €152,256 ▲14.5%
4 profitable years in a row build equity to €152,256.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 2.19
Current ratio from 0.63 to 2.19.
31-12
Financial
Equity above €100,000Eq €132,954 ▲591%
3 profitable years in a row build equity to €132,954.
18-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €8,254 ▼13.8%
Net result drops to €8,254, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Courcelles · 1 establishment unit since 2020
Ground area
2,367 m²
Building footprint
187 m²
Volume, LiDAR
1,298 m³
Parcel 52015C1434/00K000, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bafisco
since 20202.306.389.289
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52015C1434/00K000 | Wallonia | 2,367 m² | 1 · 187 m² | 9.2 m · 2 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 12,174 companies in sector 69201 we hold annual accounts for 7,638. 6,326 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
Founded27-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753366138
Also
9925:BE0753366138
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.