Active BE 0760.538.495Private limited company

BAH CENADE

Steenweg op Mechelen 455 ·1950 Kraainem, Belgium· 5 yrs active

Sector: Personenvervoer over de weg zonder dienstregeling (49320)

Conclusion Checked

The computed 12-month bankruptcy probability of BAH CENADE is 3.4% (moderate). The 2024 annual accounts show equity of €9k and a net result of €4k. Equity is growing by ~85.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 2254 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€9k
Net result	€4k
Better than sector	53%
Active	5 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

85 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 83

Profitability 100

Solvency 69

Growth 78

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

3.4% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

83 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 11-09-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~85.2%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 49, Land transport · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	29.9%	27.4%	better than 53% of 2254 sector peers
Net result	€4k	€6k	better than 46% of 2238 sector peers
Equity	€9k	€17k	better than 37% of 2260 sector peers
Gross operating margin	€13k	€28k	better than 32% of 2226 sector peers
Total assets	€31k	€66k	better than 26% of 2255 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€5k

- 21-24

EBITDA

€10k

-49.8% 21-24

Net profit

€4k

-54.3% 21-24

Cash flow

€7k

-58.3% 21-24

Total assets

€31k

+38.4% 21-24

Equity

€9k

+73.2% 21-24

Working capital

€16k

+31.8% 21-24

Income taxes

€3k

+22.9% 21-24

Debt

€21k

+27.5% 21-24

Debt ≤ 1y

€13k

+136.3% 21-24

Debt > 1y

€8k

-27.2% 21-24

Current ratio

2.23

-30.4% 21-24

Quick ratio

2.23

-30.4% 21-24

Solvency

29.9%

+25.1% 21-24

Debt / equity

2.34

-26.4% 21-24

ROE

42.3%

-73.6% 21-24

ROA

12.6%

-67.0% 21-24

Net margin

-71.7%

- 21-24

EBITDA margin

52.3%

- 21-24

Interest coverage

14.38

-43.7% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€10k
Net profit	€4k
Cash flow	€7k
Staff costs	-
Income taxes	€3k
Dividends	-
Total assets	€31k
Equity	€9k
Debt	€21k
of which ≤ 1y	€13k
of which > 1y	€8k
Working capital	€16k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	2.23
Quick ratio	2.23
Working capital ratio	53.4%
Solvency	29.9%
Debt / equity	2.34
Long-term debt ratio	0.89
Interest coverage	14.38
Gross margin	-
Net margin	-
ROA	12.6%
ROE	42.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €945 · 3.1% Current assets €30k · 96.9%

Equity & liabilities

Equity €9k · 29.9% Debt €21k · 70.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€31k
Fixed assets	21/28	€945
Financial fixed assets	28	€945
Current assets	29/58	€30k
Amounts receivable within one year	40/41	€10k
Cash & bank	54/58	€20k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€31k
Equity	10/15	€9k
Contributions / capital	10/11	€3k
Accumulated profits (losses)	14	€6k
Amounts payable	17/49	€21k
Amounts payable after one year	17	€8k
Amounts payable within one year	42/48	€13k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€13k
Operating result	9901	€7k
Financial income	75	€474
Financial charges	65	€687
Result before taxes	9903	€7k
Income taxes	67/77	€3k
Net result for the period	9904	€4k
Result to be appropriated	9905	€4k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 2 directors

Current directors & mandates

BAH Alpha Oumar
Director
State Gazette act 23010574 (23-01-2023)

Current
23-01-2023 → present

Former directors (1)

BAH Thierno Madiou
Director
State Gazette act 23010574 (23-01-2023)

Former
- → 20-12-2022

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Personenvervoer over de weg zonder dienstregeling(49320)
Legal form	Private limited company(610)
Incorporation	24-12-2020
Status	Active
Postal code	1950

Establishment units 1 location

BAH CENADE

Waterloose Steenweg 198, 1640 Sint-Genesius-RodePersonenvervoer over de weg volgens dienstregeling

since 20202.312.625.005

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22002C0073/00N009	Flanders	1.1 ha	1 · 865 m²	42.8 m · 14 fl.
22552E0048/00Z025	Flanders	7,308 m²	1 · 838 m²	16.9 m · 4 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

11-09-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

02-04-2025

State Gazette act Capital & shares

2024

31-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

07-09-2023

State Gazette act Capital & shares

04-07-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

23-01-2023

State Gazette act Capital & shares

G. Ims van de Hederlondetalige

2022

27-09-2022

State Gazette act Capital & shares

05-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

Belgisch Staatsblad, acts 4 acts

Capital history · 4

02-04-2025

Capital change

07-09-2023

Capital change

23-01-2023

Capital change

27-09-2022

Capital change

All acts · 4 updated 1 year ago

2025

02-04-2025 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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2023

07-09-2023 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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23-01-2023 All shares are now held by a single shareholder Capital & shares·G. Ims van de Hederlondetalige

Notary: G. Ims van de Hederlondetalige · Brussel

Original publication ↗

Technical details

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2022

27-09-2022 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Personenvervoer over de weg zonder dienstregeling49320Overig personenvervoer te land, n.e.g.49390Personenvervoer te land binnen steden of voorsteden49310Personenvervoer over de weg volgens dienstregeling49310

Primary activity highlighted.

Names & trade names

Legal nameNL

BAH CENADE

Registered office

Steenweg op Mechelen 455 bus 1

1950 Kraainem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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