BAIRIN
ActiveBAIRIN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €177k and a net result of €-56k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 84% of 2090 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-69
Solvency94▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 2.82 in 2023; short-term debt: 30.5% and cash: 0% of total assets), and 30.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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
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 2024Solvency, return and age of the figures
Solvency
69.5%
Return on assets
-22%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-08-2025, 15 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d late
2023
6 d early
2022
32 d early
2021
31 d late
2020
50 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-56k
2023 · €1k
2018: €5k
2019: €6k
2020: €6k
2021: €-10k
2022: €-46k
2023: €1k
2018 → 2024
Working capital
€62k▼ 38.7%
2023 · €102k
2018: €149k
2019: €147k
2020: €147k
2021: €125k
2022: €97k
2023: €102k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€288k-€278k▼ 3.5%€231k▼ 16.7%€233k▲ 0.5%€177k▼ 24.1%
Operating result€9k-€-5k€-44k▼ 834%€3k€-54k
Net result€6k-€-10k€-46k▼ 365%€1k€-56k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €54k after €3k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €254k
Fixed assets
€114k▼ 12.7%
Current assets
€140k▼ 11.1%
Equity and liabilities €254k
Equity
€177k▼ 24.1%
Debt
€78k▲ 39.2%
The debt ratio rises from 19.3% to 30.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-22k▼
2023 · €30k
Cash flow
€-24k▼
2023 · €28k
Solvency
69.5%▼
2023 · 80.7%
Current ratio
1.80▼
2023 · 2.82
Quick ratio
1.62▼
2023 · 2.61
Debt / equity
0.44▲
2023 · 0.24
ROE
-31.7%▼
2023 · 0.5%
ROA
-22.0%▼
2023 · 0.4%
Interest coverage
-13.40▼
2023 · 19.23
Debt
€78k▲
2023 · €56k
Debt ≤ 1 year
€78k▲
2023 · €56k
Income taxes
€733
Staff costs
€94k▲
2023 · €74k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€288k€254k▼
Fixed assets21/28€131k€114k▼
Tangible fixed assets22/27€131k€114k▼
Plant, machinery and equipment23€67k€67k=
Furniture and vehicles24€33k€16k▼
Other tangible fixed assets26€31k€31k=
Financial fixed assets28€9€9=
Current assets29/58€157k€140k▼
Stocks and contracts in progress3€12k€14k▲
Stocks30/36€12k€14k▲
Amounts receivable within one year40/41€141k€125k▼
Trade receivables40€7k€15k▲
Other amounts receivable41€134k€111k▼
Cash at bank and in hand54/58€528€86▼
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€288k€254k▼
Equity10/15€233k€177k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€16k€16k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€211k€155k▼
Amounts payable17/49€56k€78k▲
Amounts payable within one year42/48€56k€78k▲
Financial debts43€12k€10k▼
Credit institutions430/8€10k€10k▲
Other loans439€2k-
Trade debts44€30k€45k▲
Suppliers440/4€30k€45k▲
Taxes, remuneration and social security45€14k€22k▲
Taxes450/3€2k€4k▲
Remuneration and social security454/9€12k€19k▲
Income statement
Code20232024
Non-recurring operating income76A€25k€23k▼
Remuneration, social security and pensions62€74k€94k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€32k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€3k€21k▲
Gross operating margin9900€109k€97k▼
Operating profit (loss)9901€3k€-54k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€1k€-55k▼
Income taxes67/77-€733
Profit (loss) for the period9904€1k€-56k▼
Profit (loss) for the period to be appropriated9905€1k€-56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€211k€155k▼
Profit (loss) brought forward from the previous period14P€209k€211k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
31-12
Financial
Weakest financial yearnet €-56k ▼5007%
Net result drops to €-56k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €6k ▲2.3%
Net result €6k, the highest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 14 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Watermaal-Bosvoorde · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eugène Keymplein 211170 Watermaal-BosvoordeGround area
124 m²
Building footprint
97 m²
Volume, LiDAR
1,278 m³
Parcel 21017D0159/00V004, Brussels · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BAIRIN SPRL
since 19942.067.425.633
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0159/00V004 | Brussels | 124 m² | 1 · 96 m² | 17.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWatermaal-Bosvoorde2.067.425.633
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BE 0439.298.152
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Bakker Bassir
BE 1001.307.838
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BAKKERIJ DULT
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Of 4,227 companies in sector 10712 we hold annual accounts for 1,870. 1,553 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-05-1994
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
15812
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.