BakerHicks
ActiveSummary
The computed 12-month bankruptcy probability of BakerHicks is 2.1% (moderate). The 2025 annual accounts show negative equity (-€567,932) and a net result of -€209,135. Equity is shrinking by ~61.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 181 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.12 in 2024; short-term debt: 848.6% and cash: 49.3% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 · 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
-748.6%
Return on assets
-275.7%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€567,932
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 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
1 d late
2023
215 d late
← 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 72 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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 1 August (3 of the last 3 filed years within 215 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€209,135▲ 9.9%
2024 · -€232,055
Working capital
-€575,474▼ 56.9%
2024 · -€366,792
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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-€181,844--€212,964▼ 17.1%-€184,624▲ 13.3%
Net result-€188,242below the sector's middle half--€232,055below the sector's middle half▼ 23.3%-€209,135below the sector's middle half▲ 9.9%
Equity-€126,742below the sector's middle half--€358,797below the sector's middle half▼ 183%-€567,932below the sector's middle half▼ 58.3%
Total assets€45,563below the sector's middle half-€60,376below the sector's middle half▲ 32.5%€75,869below the sector's middle half▲ 25.7%
Debt€172,304-€419,173▲ 143%€643,801▲ 53.6%
Working capital-€135,190below the sector's middle half--€366,792below the sector's middle half▼ 171%-€575,474below the sector's middle half▼ 56.9%
Solvency-278.2%below the sector's middle half--594.3%below the sector's middle half▼ 316.1pp-748.6%below the sector's middle half▼ 154.3pp
Current ratio0.22below the sector's middle half-0.12below the sector's middle half▼ 0.090.11below the sector's middle half▼ 0.02
Return on assets (ROA)-413.2%below the sector's middle half--384.4%below the sector's middle half▲ 28.8pp-275.7%below the sector's middle half▲ 108.7pp
Staff (FTE)1.3below the sector's middle half-1.1below the sector's middle half▼ 15.4%0.6below the sector's middle half▼ 45.5%
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €184,624 in 2025 against €212,964 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,869
Fixed assets
€7,542 ▼ 5.7%
Current assets
€68,327 ▲ 30.4%
Key figures and ratios
EBITDA
-€184,171▲
2024 · -€212,511
Cash flow
-€208,682▲
2024 · -€231,602
Debt to equity
-1.13▲
2024 · -1.17
Interest coverage
-6.81▲
2024 · -10.85
Debt ≤ 1 year
€643,801▲
2024 · €419,173
Staff costs
€73,232▼
2024 · €131,865
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.9%
went bankrupt
5.6%
stopped otherwise
85%
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 2.1% 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 7,638 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 |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,242 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €245,840 | €131,865 | €73,232 | ▼ 44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €406 | €453 | €453 | = |
| Other operating charges640/8 | €732 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | €1,194 | €0 | - | - |
| Gross operating margin9900 | €66,328 | -€80,258 | -€110,540 | ▼ 37.7% |
| Operating profit (loss)9901 | -€181,844 | -€212,964 | -€184,624 | ▲ 13.3% |
| Financial income75/76B | €8,812 | €490 | €2,530 | ▲ 416% |
| Recurring financial income75 | €8,812 | €490 | €2,530 | ▲ 416% |
| Financial charges65/66B | €15,210 | €19,581 | €27,041 | ▲ 38.1% |
| Recurring financial charges65 | €15,210 | €19,581 | €27,041 | ▲ 38.1% |
| Profit (loss) for the period before taxes9903 | -€188,242 | -€232,055 | -€209,135 | ▲ 9.9% |
| Profit (loss) for the period9904 | -€188,242 | -€232,055 | -€209,135 | ▲ 9.9% |
| Profit (loss) for the period to be appropriated9905 | -€188,242 | -€232,055 | -€209,135 | ▲ 9.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €45,563 | €60,376 | €75,869 | ▲ 25.7% |
| Fixed assets21/28 | €8,448 | €7,995 | €7,542 | ▼ 5.7% |
| Tangible fixed assets22/27 | €954 | €501 | €48 | ▼ 90.5% |
| Furniture and vehicles24 | €954 | €501 | €48 | ▼ 90.5% |
| Financial fixed assets28 | €7,494 | €7,494 | €7,494 | = |
| Current assets29/58 | €37,114 | €52,381 | €68,327 | ▲ 30.4% |
| Amounts receivable within one year40/41 | €20,131 | €42,249 | €22,063 | ▼ 47.8% |
| Trade receivables40 | €14,962 | €24,385 | €18,067 | ▼ 25.9% |
| Other amounts receivable41 | €5,168 | €17,863 | €3,996 | ▼ 77.6% |
| Cash at bank and in hand54/58 | €8,915 | €1,262 | €37,433 | ▲ 2,865% |
| Deferred charges and accrued income490/1 | €8,068 | €8,870 | €8,831 | ▼ 0.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €45,563 | €60,376 | €75,869 | ▲ 25.7% |
| Equity10/15 | -€126,742 | -€358,797 | -€567,932 | ▼ 58.3% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€188,242 | -€420,297 | -€629,432 | ▼ 49.8% |
| Amounts payable17/49 | €172,304 | €419,173 | €643,801 | ▲ 53.6% |
| Amounts payable within one year42/48 | €172,304 | €419,173 | €643,801 | ▲ 53.6% |
| Trade debts44 | €30,431 | €16,099 | €49,130 | ▲ 205% |
| Suppliers440/4 | €30,431 | €16,099 | €49,130 | ▲ 205% |
| Taxes, remuneration and social security45 | €32,149 | €4,141 | €0 | ▼ 100% |
| Taxes450/3 | €5,461 | €3,099 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €26,688 | €1,042 | €0 | ▼ 100% |
| Other amounts payable47/48 | €109,724 | €398,934 | €594,671 | ▲ 49.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€188,242 | -€232,055 | -€209,135 | ▲ 9.9% |
| + Depreciation and write-downs630 | €406 | €453 | €453 | = |
| Operating cash flow (approximation) | -€187,836 | -€231,602 | -€208,682 | ▲ 9.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€7,653 | €36,171 | ▲ 573% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 1 day late
03-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 215 days late
2024
31-12
Financial
Weakest financial yearnet -€232,055
Net result drops to -€232,055, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Etterbeek · 1 establishment unit since 2022
Ground area
4,115 m²
Building footprint
2,273 m²
Volume, LiDAR
34,859 m³
Parcel 21363B0348/00Z000, Brussels · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
72
companies at this address
See who is registered here
1 establishment unit
BakerHicks
since 20222.339.649.403
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0348/00Z000 | Brussels | 4,115 m² | 1 · 2,273 m² | 19.9 m · 5 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 686 companies in sector 74112 we hold annual accounts for 312. 126 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
74112Other professional, scientific and technical activities
70200Business and other management consultancy
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0793611339
Also
9925:BE0793611339
Registered
09-03-2026
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.