BAIA DESIGN
ActiveSummary
The computed 12-month bankruptcy probability of BAIA DESIGN is 3.4% (moderate). The 2025 annual accounts show equity of €19,673 and a net result of -€10,199. Equity is shrinking by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 28281 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-76
Solvency45▼-29
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.93 against 1.3 in 2024; short-term debt: 51.4% of total assets), and 79.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.1%
Return on assets
-10.4%
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 22% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 22%
← 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 13-07-2026, 18 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
18 d early
2024
36 d early
2023
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 6 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,673▼ 34.1%
2024 · €29,872
Total assets
€97,895▲ 61.0%
2024 · €60,803
Net result
-€10,199
2024 · €7,472
Working capital
-€3,515
2024 · €9,129
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line202320242025
Operating result€25,012-€11,809▼ 52.8%-€7,609
Net result€19,092within the sector's middle half-€7,472within the sector's middle half▼ 60.9%-€10,199below the sector's middle half
Equity€23,259within the sector's middle half-€29,872within the sector's middle half▲ 28.4%€19,673below the sector's middle half▼ 34.1%
Total assets€66,854within the sector's middle half-€60,803below the sector's middle half▼ 9.1%€97,895within the sector's middle half▲ 61.0%
Debt€43,595-€30,931▼ 29.0%€78,222▲ 153%
Working capital€5,654within the sector's middle half-€9,129within the sector's middle half▲ 61.5%-€3,515below the sector's middle half
Solvency34.8%within the sector's middle half-49.1%within the sector's middle half▲ 14.3pp20.1%below the sector's middle half▼ 29.0pp
Current ratio1.17within the sector's middle half-1.30within the sector's middle half▲ 0.130.93below the sector's middle half▼ 0.37
Return on assets (ROA)28.6%above the sector's middle half-12.3%within the sector's middle half▼ 16.3pp-10.4%below the sector's middle half▼ 22.7pp
Staff (FTE)0.8
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 turns negative in 2025: a loss of €7,609 after €11,809 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97,895
Fixed assets
€51,116 ▲ 143%
Current assets
€46,779 ▲ 17.5%
Equity and liabilities €97,895
Equity
€19,673 ▼ 34.1%
Debt
€78,222 ▲ 153%
Debt's share of the balance-sheet total rises from 50.9% to 79.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€798▼
2024 · €20,570
Cash flow
-€1,793▼
2024 · €16,234
Quick ratio
0.56▼
2024 · 0.94
Debt to equity
3.98▲
2024 · 1.04
ROE
-51.8%▼
2024 · 25.0%
Interest coverage
0.32▼
2024 · 10.08
Debt ≤ 1 year
€50,294▲
2024 · €30,671
Debt > 1 year
€27,868▲
2024 · €210
Income taxes
€132▼
2024 · €2,434
Staff costs
€16,091▲
2024 · €8,695
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,207 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
4.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,207 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,825 | €8,695 | €16,091 | ▲ 85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,171 | €8,762 | €8,406 | ▼ 4.1% |
| Other operating charges640/8 | €555 | €991 | €1,568 | ▲ 58.1% |
| Gross operating margin9900 | €30,563 | €30,257 | €18,457 | ▼ 39.0% |
| Operating profit (loss)9901 | €25,012 | €11,809 | -€7,609 | ▼ 164% |
| Financial income75/76B | €8 | €138 | €10 | ▼ 92.8% |
| Recurring financial income75 | €8 | €138 | €10 | ▼ 92.8% |
| Financial charges65/66B | €719 | €2,040 | €2,468 | ▲ 21.0% |
| Recurring financial charges65 | €719 | €2,040 | €2,468 | ▲ 21.0% |
| Profit (loss) for the period before taxes9903 | €24,301 | €9,906 | -€10,067 | ▼ 202% |
| Income taxes67/77 | €5,209 | €2,434 | €132 | ▼ 94.6% |
| Profit (loss) for the period9904 | €19,092 | €7,472 | -€10,199 | ▼ 237% |
| Profit (loss) for the period to be appropriated9905 | €19,092 | €7,472 | -€10,199 | ▼ 237% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €66,854 | €60,803 | €97,895 | ▲ 61.0% |
| Fixed assets21/28 | €28,279 | €21,004 | €51,116 | ▲ 143% |
| Intangible fixed assets21 | €18,033 | €15,366 | €12,699 | ▼ 17.4% |
| Tangible fixed assets22/27 | €10,246 | €5,638 | €38,416 | ▲ 581% |
| Plant, machinery and equipment23 | €1,201 | €2,117 | €3,107 | ▲ 46.8% |
| Furniture and vehicles24 | €409 | €159 | €35,309 | ▲ 22,063% |
| Leasing and similar rights25 | €8,636 | €3,361 | - | - |
| Current assets29/58 | €38,575 | €39,800 | €46,779 | ▲ 17.5% |
| Stocks and contracts in progress3 | €13,937 | €11,017 | €18,553 | ▲ 68.4% |
| Stocks30/36 | €13,937 | €11,017 | €18,553 | ▲ 68.4% |
| Amounts receivable within one year40/41 | €13,484 | €14,245 | €25,418 | ▲ 78.4% |
| Trade receivables40 | €11,077 | €9,721 | €11,798 | ▲ 21.4% |
| Other amounts receivable41 | €2,407 | €4,524 | €13,620 | ▲ 201% |
| Cash at bank and in hand54/58 | €10,280 | €10,053 | - | - |
| Deferred charges and accrued income490/1 | €874 | €4,485 | €2,809 | ▼ 37.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €66,854 | €60,803 | €97,895 | ▲ 61.0% |
| Equity10/15 | €23,259 | €29,872 | €19,673 | ▼ 34.1% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €13,000 | €13,000 | €13,000 | = |
| Distributable reserves133 | €13,000 | €13,000 | €13,000 | = |
| Profit (loss) carried forward14 | €259 | €6,872 | -€3,327 | ▼ 148% |
| Amounts payable17/49 | €43,595 | €30,931 | €78,222 | ▲ 153% |
| Amounts payable after more than one year17 | €10,673 | €210 | €27,868 | ▲ 13,163% |
| Financial debts170/4 | €10,673 | €210 | €27,868 | ▲ 13,163% |
| Amounts payable within one year42/48 | €32,922 | €30,671 | €50,294 | ▲ 64.0% |
| Current portion of amounts payable after more than one year42 | €9,032 | €10,436 | €6,562 | ▼ 37.1% |
| Financial debts43 | €2,361 | €2,359 | €16,764 | ▲ 611% |
| Credit institutions430/8 | €2,361 | €2,359 | €16,764 | ▲ 611% |
| Trade debts44 | €8,074 | €10,796 | €13,110 | ▲ 21.4% |
| Suppliers440/4 | €8,074 | €10,796 | €13,110 | ▲ 21.4% |
| Taxes, remuneration and social security45 | €4,862 | €3,493 | €7,545 | ▲ 116% |
| Taxes450/3 | €3,834 | €1,209 | €2,175 | ▲ 79.9% |
| Remuneration and social security454/9 | €1,028 | €2,284 | €5,370 | ▲ 135% |
| Other amounts payable47/48 | €8,593 | €3,587 | €6,313 | ▲ 76.0% |
| Accrued charges and deferred income492/3 | - | €50 | €59 | ▲ 17.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,092 | €7,472 | -€10,199 | ▼ 237% |
| + Depreciation and write-downs630 | €3,171 | €8,762 | €8,406 | ▼ 4.1% |
| Operating cash flow (approximation) | €22,263 | €16,234 | -€1,793 | ▼ 111% |
| Investment in fixed assets (approximation) | - | -€1,487 | -€38,518 | ▼ 2,491% |
| Change in cash | - | -€227 | - | - |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€10,199
Net result drops to -€10,199, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro 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, Verviers · 1 establishment unit since 2023
Ground area
1,738 m²
Building footprint
190 m²
Volume, LiDAR
1,094 m³
Parcel 63059B0214/00W002, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BAIA DESIGN
since 20232.344.808.813
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63059B0214/00W002 | Wallonia | 1,738 m² | 1 · 190 m² | 8.4 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 3,960 companies in sector 43331 we hold annual accounts for 1,787. 1,347 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
Founded20-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43110Demolition
43320Joinery installation
43343Specialised construction activities
46831Wholesale of construction materials, general range
74130Interior design
E-invoicing
Reachable via Peppol
Peppol ID
0208:0800975520
Also
9925:BE0800975520
Registered
12-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.