BAITAR
ActiveSummary
BAITAR has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,663 and a net result of -€18,072. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 95% of 975 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-17
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 23.12 against 7.29 in 2024; short-term debt: 4.3% and cash: 60.6% of total assets), and 4.3% of the assets are financed with debt.
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Signals
Four 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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€18,072
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 · 10 filingsDeviation from the deadline
2025
18 d early
2024
24 d early
2023
20 d early
2022
13 d early
2021
27 d early
2020
18 d early
2019
29 d early
← 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 21 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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
Equity
€96,663▼ 15.8%
2024 · €114,736
Total assets
€101,001▼ 23.9%
2024 · €132,678
Net result
-€18,072▼ 770%
2024 · -€2,078
Working capital
€95,938▼ 15.0%
2024 · €112,866
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
Operating result-€2,215-€4,408▼ 99.0%-€7,176▼ 62.8%-€5,763▲ 19.7%-€21,290▼ 269%
Net result€330▼ 96.6%-€983-€3,773▼ 284%-€2,078▲ 44.9%-€18,072▼ 770%
Equity€121,569▲ 0.3%€120,587▼ 0.8%€116,814▼ 3.1%€114,736▼ 1.8%€96,663▼ 15.8%
Total assets€135,098▼ 9.5%€133,546▼ 1.1%€134,658▲ 0.8%€132,678▼ 1.5%€101,001▼ 23.9%
Debt€13,529▼ 51.9%€12,959▼ 4.2%€17,845▲ 37.7%€17,942▲ 0.5%€4,337▼ 75.8%
Working capital€112,228▼ 1.3%€116,428▲ 3.7%€114,997▼ 1.2%€112,866▼ 1.9%€95,938▼ 15.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21,290 in 2025 against €5,763 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101,001
Fixed assets
€725 ▼ 61.2%
Current assets
€100,275 ▼ 23.3%
Equity and liabilities €101,001
Equity
€96,663 ▼ 15.8%
Debt
€4,337 ▼ 75.8%
Debt's share of the balance-sheet total falls from 13.5% to 4.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€20,145▼
2024 · -€4,618
Cash flow
-€16,928▼
2024 · -€933
Current ratio
23.12▲
2024 · 7.29
Debt to equity
0.04▼
2024 · 0.16
ROE
-18.7%▼
2024 · -1.8%
ROA
-17.9%▼
2024 · -1.6%
Interest coverage
240.23▲
2024 · -22.18
Debt ≤ 1 year
€4,337▼
2024 · €17,942
Income taxes
€141▼
2024 · €376
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 5,827 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,902 | €5,482 | €1,145 | €1,145 | €1,145 | = |
| Other operating charges640/8 | €1,534 | €3,973 | €1,559 | €1,800 | €2,329 | ▲ 29.4% |
| Gross operating margin9900 | €4,221 | €5,046 | -€4,472 | -€2,818 | -€17,816 | ▼ 532% |
| Operating profit (loss)9901 | -€2,215 | -€4,408 | -€7,176 | -€5,763 | -€21,290 | ▼ 269% |
| Financial income75/76B | €3,654 | €5,608 | €3,776 | €4,269 | €3,275 | ▼ 23.3% |
| Recurring financial income75 | €3,654 | €5,608 | €3,776 | €4,269 | €3,275 | ▼ 23.3% |
| Financial charges65/66B | €305 | €245 | €242 | €208 | -€84 | ▼ 140% |
| Recurring financial charges65 | €305 | €245 | €242 | €208 | -€84 | ▼ 140% |
| Profit (loss) for the period before taxes9903 | €1,134 | €954 | -€3,642 | -€1,702 | -€17,931 | ▼ 953% |
| Income taxes67/77 | €804 | €1,937 | €132 | €376 | €141 | ▼ 62.5% |
| Profit (loss) for the period9904 | €330 | -€983 | -€3,773 | -€2,078 | -€18,072 | ▼ 770% |
| Profit (loss) for the period to be appropriated9905 | €330 | -€983 | -€3,773 | -€2,078 | -€18,072 | ▼ 770% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €135,098 | €133,546 | €134,658 | €132,678 | €101,001 | ▼ 23.9% |
| Fixed assets21/28 | €9,641 | €4,159 | €3,014 | €1,870 | €725 | ▼ 61.2% |
| Tangible fixed assets22/27 | €9,496 | €4,014 | €2,869 | €1,725 | €580 | ▼ 66.4% |
| Furniture and vehicles24 | €4,338 | €0 | - | - | - | - |
| Other tangible fixed assets26 | €5,159 | €4,014 | €2,869 | €1,725 | €580 | ▼ 66.4% |
| Financial fixed assets28 | €145 | €145 | €145 | €145 | €145 | = |
| Current assets29/58 | €125,457 | €129,387 | €131,644 | €130,808 | €100,275 | ▼ 23.3% |
| Amounts receivable within one year40/41 | €32,084 | €35,448 | €41,159 | €43,406 | €35,343 | ▼ 18.6% |
| Trade receivables40 | €12,876 | €15,111 | €17,666 | €15,629 | €11,552 | ▼ 26.1% |
| Other amounts receivable41 | €19,209 | €20,337 | €23,493 | €27,777 | €23,791 | ▼ 14.3% |
| Current investments50/53 | €85,676 | €85,676 | €85,685 | €75,886 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €6,473 | €6,901 | €3,583 | €8,220 | €61,203 | ▲ 645% |
| Deferred charges and accrued income490/1 | €1,224 | €1,362 | €1,217 | €3,297 | €3,729 | ▲ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €135,098 | €133,546 | €134,658 | €132,678 | €101,001 | ▼ 23.9% |
| Equity10/15 | €121,569 | €120,587 | €116,814 | €114,736 | €96,663 | ▼ 15.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €102,969 | €101,987 | €98,214 | €96,136 | €78,063 | ▼ 18.8% |
| Non-distributable reserves130/1 | €1,861 | €1,861 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,861 | €1,861 | €0 | - | - | - |
| Tax-exempt reserves132 | €19,569 | €19,569 | €19,569 | €19,569 | €19,569 | = |
| Distributable reserves133 | €81,540 | €80,557 | €78,645 | €76,567 | €58,495 | ▼ 23.6% |
| Amounts payable17/49 | €13,529 | €12,959 | €17,845 | €17,942 | €4,337 | ▼ 75.8% |
| Amounts payable within one year42/48 | €13,229 | €12,959 | €16,647 | €17,942 | €4,337 | ▼ 75.8% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Financial debts43 | - | €529 | €708 | €0 | - | - |
| Credit institutions430/8 | - | €529 | €708 | €0 | - | - |
| Trade debts44 | €6,473 | €8,481 | €10,966 | €15,078 | €2,557 | ▼ 83.0% |
| Suppliers440/4 | €6,473 | €8,481 | €10,966 | €15,078 | €2,557 | ▼ 83.0% |
| Taxes, remuneration and social security45 | €6,755 | €3,950 | €4,973 | €2,864 | €1,781 | ▼ 37.8% |
| Taxes450/3 | €5,036 | €3,750 | €3,166 | €1,036 | €1,579 | ▲ 52.5% |
| Remuneration and social security454/9 | €1,720 | €200 | €1,807 | €1,829 | €201 | ▼ 89.0% |
| Accrued charges and deferred income492/3 | €300 | €0 | €1,198 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €330 | -€983 | -€3,773 | -€2,078 | -€18,072 | ▼ 770% |
| + Depreciation and write-downs630 | €4,902 | €5,482 | €1,145 | €1,145 | €1,145 | = |
| Operating cash flow (approximation) | €5,232 | €4,500 | -€2,629 | -€933 | -€16,928 | ▼ 1,714% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €429 | -€3,318 | €4,637 | €52,982 | ▲ 1,043% |
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 -€18,072
Net result drops to -€18,072, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 23.12
Current ratio from 7.29 to 23.12; short-term debt falls from €17,942 to €4,337.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €9,740 ▲1,739%
Operating result €6,461, net result €9,740, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Temse · 1 establishment unit since 2003
Ground area
608 m²
Building footprint
100 m²
Volume, LiDAR
553 m³
Parcel 46025B0751/00R000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Camille Vennenslaan 13, 9140 Temse
since 20032.126.240.196
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0751/00R000 | Flanders | 608 m² | 1 · 100 m² | 8.8 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 273 companies in sector 52241 we hold annual accounts for 211. 116 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
Founded21-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
52241Warehousing and support activities for transportation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479619666
Also
9925:BE0479619666
Registered
17-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.