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BaJé Kiné

Active
Private limited companyfounded 2024active for 2 yearsde Jamblinne de Meuxplein 24, 1030 Schaarbeek, BelgiumKBO/BCE: BE 1005.179.821

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 24-04-2026 PDF all 2 filings

Turnover
≈ €46,000
Estimated: probably between €21,000 and €110,000
Total assets
€30,874▼ 27.3%
2024 · €42,461
Net result
-€2,179
2024 · €22,892
Working capital
€5,751▼ 26.9%
2024 · €7,867
Multi-year overview
2024 to 2025, 2 financial years
Operating result
-€1,443
2025
20242025
Net result
-€2,179
2025
20242025
Equity
€21,713
▼ 9.1% 2025
20242025
Total assets
€30,874
▼ 27.3% 2025
20242025
Debt
€9,161
▼ 50.7% 2025
20242025
Working capital
€5,751
▼ 26.9% 2025
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€31,043--€1,443
Net result€22,892--€2,179
Equity€23,892-€21,713▼ 9.1%
Total assets€42,461-€30,874▼ 27.3%
Debt€18,569-€9,161▼ 50.7%
Working capital€7,867-€5,751▼ 26.9%

The operating result for 2025 is a loss of €1,443, after a profit of €31,043 in 2024.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30,874
Fixed assets €17,627 ▲ 4.1%
Current assets €13,247 ▼ 48.1%
Equity and liabilities €30,874
Equity €21,713 ▼ 9.1%
Debt €9,161 ▼ 50.7%
Debt's share of the balance-sheet total falls from 43.7% to 29.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,511▼
2024 · €36,687
Cash flow
€4,775▼
2024 · €28,537
Current ratio
1.77▲
2024 · 1.45
Debt to equity
0.42▼
2024 · 0.78
ROE
-10.0%▼
2024 · 95.8%
ROA
-7.1%▼
2024 · 53.9%
Interest coverage
9.89▼
2024 · over 100
Debt ≤ 1 year
€7,497▼
2024 · €17,661
Income taxes
€179▼
2024 · €8,075
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20242025
Tangible fixed assets€22,577€7,648
Depreciation and write-downs of the year€5,644€6,954

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€42,461€30,874▼
Fixed assets21/28€16,933€17,627▲
Tangible fixed assets22/27€16,933€17,627▲
Furniture and vehicles24€16,933€17,627▲
Current assets29/58€25,529€13,247▼
Amounts receivable within one year40/41€2,718€5,320▲
Trade receivables40€293€2,895▲
Other amounts receivable41€2,425€2,425=
Cash at bank and in hand54/58€22,275€6,714▼
Deferred charges and accrued income490/1€535€1,213▲
Equity and liabilities
Total equity and liabilities10/49€42,461€30,874▼
Equity10/15€23,892€21,713▼
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14€22,892€20,713▼
Amounts payable17/49€18,569€9,161▼
Amounts payable within one year42/48€17,661€7,497▼
Trade debts44€2,173€3,520▲
Suppliers440/4€2,173€3,520▲
Taxes, remuneration and social security45€1,871€3,543▲
Taxes450/3€1,871€3,543▲
Other amounts payable47/48€13,617€434▼
Accrued charges and deferred income492/3€908€1,664▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,644€6,954▲
Other operating charges640/8€387€501▲
Gross operating margin9900€37,075€6,012▼
Operating profit (loss)9901€31,043-€1,443▼
Financial charges65/66B€76€557▲
Recurring financial charges65€76€557▲
Profit (loss) for the period before taxes9903€30,967-€2,000▼
Income taxes67/77€8,075€179▼
Profit (loss) for the period9904€22,892-€2,179▼
Profit (loss) for the period to be appropriated9905€22,892-€2,179▼
Appropriation of the result
Profit (loss) to be appropriated9906€22,892€20,713▼
Profit (loss) brought forward from the previous period14P-€22,892

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 24-04-2026.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,644€6,954▲ 23.2%
Other operating charges640/8€387€501▲ 29.3%
Gross operating margin9900€37,075€6,012▼ 83.8%
Operating profit (loss)9901€31,043-€1,443-
Financial charges65/66B€76€557▲ 634%
Recurring financial charges65€76€557▲ 634%
Profit (loss) for the period before taxes9903€30,967-€2,000-
Income taxes67/77€8,075€179▼ 97.8%
Profit (loss) for the period9904€22,892-€2,179-
Profit (loss) for the period to be appropriated9905€22,892-€2,179-
Line20242025Change
Assets
Total assets20/58€42,461€30,874▼ 27.3%
Fixed assets21/28€16,933€17,627▲ 4.1%
Tangible fixed assets22/27€16,933€17,627▲ 4.1%
Furniture and vehicles24€16,933€17,627▲ 4.1%
Current assets29/58€25,529€13,247▼ 48.1%
Amounts receivable within one year40/41€2,718€5,320▲ 95.7%
Trade receivables40€293€2,895▲ 888%
Other amounts receivable41€2,425€2,425=
Cash at bank and in hand54/58€22,275€6,714▼ 69.9%
Deferred charges and accrued income490/1€535€1,213▲ 127%
Equity and liabilities
Total equity and liabilities10/49€42,461€30,874▼ 27.3%
Equity10/15€23,892€21,713▼ 9.1%
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14€22,892€20,713▼ 9.5%
Amounts payable17/49€18,569€9,161▼ 50.7%
Amounts payable within one year42/48€17,661€7,497▼ 57.6%
Trade debts44€2,173€3,520▲ 62.0%
Suppliers440/4€2,173€3,520▲ 62.0%
Taxes, remuneration and social security45€1,871€3,543▲ 89.3%
Taxes450/3€1,871€3,543▲ 89.3%
Other amounts payable47/48€13,617€434▼ 96.8%
Accrued charges and deferred income492/3€908€1,664▲ 83.3%
Line20242025Change
Profit (loss) for the period9904€22,892-€2,179-
+ Depreciation and write-downs630€5,644€6,954▲ 23.2%
Operating cash flow (approximation)€28,537€4,775▼ 83.3%
Investment in fixed assets (approximation)--€7,648-
Change in cash--€15,561-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 2,145 companies had the same profile as BaJé Kiné has now. Two years later, 91.7% were still going and 2.2% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
91.7% was still going
5.9% stopped otherwise
2.2% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of BaJé Kiné itself: 1.6% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,145 companies, not a prediction for BaJé Kiné. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 24-04-2026 2026-00086911 PDF
31-12-2024 micro format 30-06-2025 2025-00199791 PDF

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