Financials
- Fiscal year
- 2024
- Turnover
- €136,837
- Profit
- €1,465
- Solvency
- 18.1%
BAKAR HILLS
ActiveSummary
The computed 12-month bankruptcy probability of BAKAR HILLS is 7.1% (elevated). The 2024 annual accounts show equity of €3,465 and a net result of €1,465. Its solvency ranks better than 25% of 9989 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201
1 site
Size
€136,837turnover 2024
- Equity
- €3,465
- Profit
- €1,465
Structure
Accounts filed 56 d late0 of 1 deed read
Why 33- Founded in 2023- 1 financial year not filed after the legal deadline; latest accounts 56 days late; 1 of the last 3 late- Sector Construction of residential and non-residential buildings (NACE 41)- Size: turnover €136,837, total assets €19,189Show the evidence
Checked score
Score 2024
33
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 22% of its sector peers (NACE 41, micro)
Performance against the sector, not lower risk
Financial strength
Weak
Solvency
43
equity 18.1% of total assets
Liquidity
9
short-term debt 81.9% · cash 3.0%
Profitability
60
return on assets 7.6%
Bankruptcy probability, 12 months
7.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 6.7%
12-2024: 6.9%▲ +3.2% vs 11-2024
01-2025: 7.5%▲ +8.9% vs 12-2024
02-2025: 7.5%● 0.0% vs 01-2025
03-2025: 8.2%▲ +8.8% vs 02-2025highest value
04-2025: 8.1%▼ -0.4% vs 03-2025
05-2025: 7.8%▼ -3.6% vs 04-2025
06-2025: 7.9%▲ +0.7% vs 05-2025
07-2025: 5.3%▼ -33.3% vs 06-2025lowest value
08-2025: 5.3%● 0.0% vs 07-2025lowest value
09-2025: 5.3%▲ +0.3% vs 08-2025
10-2025: 6.4%▲ +22.1% vs 09-2025
11-2025: 6.4%● 0.0% vs 10-2025
12-2025: 6.4%● 0.0% vs 11-2025
01-2026: 6.5%▲ +1.6% vs 12-2025
02-2026: 6.6%▲ +0.7% vs 01-2026
03-2026: 6.6%▲ +0.6% vs 02-2026
04-2026: 6.7%▲ +1.7% vs 03-2026
05-2026: 6.8%▲ +0.4% vs 04-2026
06-2026: 6.7%▼ -0.4% vs 05-2026
07-2026: 6.7%● 0.0% vs 06-2026
08-2026: 6.9%▲ +2.7% vs 07-2026
09-2026: 7.0%▲ +1.0% vs 08-2026
10-2026: 7.1%▲ +1.5% vs 09-2026
- Founded in 2023 raises the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 56 days late; 1 of the last 3 late raises the probability
- Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
- Size: turnover €136,837, total assets €19,189 raises the probability for this profile
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.12; short-term debt: 81.9% and cash: 3% of total assets), and 81.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, micro). Better than this share of them on solvency 25%, liquidity 8%, profitability 34%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 1 filingDeviation from the deadline
2024
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 56 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 1
- Since
- 2025
- 25-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 02-08-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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