BAKEVEL
ActiveBAKEVEL has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €924k and a net result of €40k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 74% of 9584 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
86
/ 100
Excellent▲ +5 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability22▼-20
Solvency99▲+2
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 6.15 against 3.94 in 2023), and 38.9% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.1%
Return on assets
2.7%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
37 d early
2022
7 d late
2021
29 d late
2020
28 d late
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€924k▲ 4.6%
2023 · €883k
2018: €447k
2019: €510k
2020: €620k
2021: €735k
2022: €815k
2023: €883k
2018 → 2024
Total assets
€1.51M▼ 7.9%
2023 · €1.64M
2018: €1.12M
2019: €1.07M
2020: €1.85M
2021: €2.02M
2022: €1.99M
2023: €1.64M
2018 → 2024
Net result
€40k▼ 45.3%
2023 · €74k
2018: €42k
2019: €63k
2020: €118k
2021: €125k
2022: €95k
2023: €74k
2018 → 2024
Working capital
€466k▲ 41.5%
2023 · €329k
2018: €342k
2019: €411k
2020: €448k
2021: €469k
2022: €571k
2023: €329k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€620k-€735k▲ 18.6%€815k▲ 10.8%€883k▲ 8.3%€924k▲ 4.6%
Operating result€151k-€182k▲ 19.9%€151k▼ 17.0%€128k▼ 15.1%€111k▼ 12.9%
Net result€118k-€125k▲ 6.4%€95k▼ 24.6%€74k▼ 21.8%€40k▼ 45.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 13% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.51M
Fixed assets
€955k▼ 20.4%
Current assets
€556k▲ 26.1%
Equity and liabilities €1.51M
Equity
€924k▲ 4.6%
Provisions
€0▼ 100%
Debt
€587k▼ 18.2%
The debt ratio falls from 43.8% to 38.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€276k▼
2023 · €343k
Cash flow
€205k▼
2023 · €289k
Solvency
61.1%▲
2023 · 53.8%
Current ratio
6.15▲
2023 · 3.94
Quick ratio
1.75▲
2023 · 0.77
Debt / equity
0.64▼
2023 · 0.81
ROE
4.4%▼
2023 · 8.4%
ROA
2.7%▼
2023 · 4.5%
Interest coverage
8.06▼
2023 · 9.32
Debt
€587k▼
2023 · €718k
Debt ≤ 1 year
€90k▼
2023 · €112k
Debt > 1 year
€466k▼
2023 · €574k
Income taxes
€14k▼
2023 · €22k
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€1.64M€1.51M▼
Fixed assets21/28€1.20M€955k▼
Tangible fixed assets22/27€1.20M€953k▼
Land and buildings22€903k€837k▼
Plant, machinery and equipment23€110k€38k▼
Furniture and vehicles24€184k€77k▼
Financial fixed assets28€2k€2k=
Current assets29/58€441k€556k▲
Stocks and contracts in progress3€355k€398k▲
Stocks30/36€355k€398k▲
Amounts receivable within one year40/41€27k€2k▼
Trade receivables40€27k€1k▼
Other amounts receivable41-€800
Cash at bank and in hand54/58€53k€150k▲
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.64M€1.51M▼
Equity10/15€883k€924k▲
Contributions10/11€152k€152k=
Capital10€152k€152k=
Issued capital100€152k€152k=
Reserves13€731k€771k▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€716k€756k▲
Profit (loss) carried forward14€304€776▲
Provisions and deferred taxes16€39k-
Provisions for liabilities and charges160/5€39k-
Pensions and similar obligations160€39k-
Amounts payable17/49€718k€587k▼
Amounts payable after more than one year17€574k€466k▼
Financial debts170/4€225k€178k▼
Other amounts payable178/9€349k€289k▼
Amounts payable within one year42/48€112k€90k▼
Current portion of amounts payable after more than one year42€47k€47k▲
Financial debts43€1k€2k▲
Credit institutions430/8€1k€2k▲
Trade debts44€26k€19k▼
Suppliers440/4€26k€19k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€31k€14k▼
Taxes450/3€19k€11k▼
Remuneration and social security454/9€12k€3k▼
Other amounts payable47/48€6k€6k=
Accrued charges and deferred income492/3€33k€31k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€215k€165k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€-2k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-39k
Other operating charges640/8€19k€19k▲
Gross operating margin9900€360k€255k▼
Operating profit (loss)9901€128k€111k▼
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€37k€61k▲
Recurring financial charges65€37k€34k▼
Non-recurring financial charges66B-€26k
Profit (loss) for the period before taxes9903€95k€54k▼
Income taxes67/77€22k€14k▼
Profit (loss) for the period9904€74k€40k▼
Profit (loss) for the period to be appropriated9905€74k€40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€74k€41k▼
Profit (loss) brought forward from the previous period14P€319€304▼
Transfer to equity691/2€68k€40k▼
To other reserves6921€68k€40k▼
Profit to be distributed694/7€6k-
Directors or managers695€6k-
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €40k ▼45.3%
Net result drops to €40k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €125k ▲6.4%
Operating result €182k, net result €125k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 28 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €510k ▲14.1%
2 profitable years in a row build equity to €510k.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Middelkerke · 1 establishment unit since 1999
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.
Oostendelaan 2688430 MiddelkerkeGround area
843 m²
Building footprint
112 m²
Parcel 35011A0406/00T002, Flanders. Linked by address, not a title deed.
1 establishment unit
Decotuin
since 19992.092.534.874
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011A0406/00T002 | Flanders | 843 m² | 1 · 112 m² | - |
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.
Similar companies · same sector, comparable size
PLANET MEUBLES
BE 0466.988.682
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MK MÖBEL KRINGS
BE 0417.628.055
Sankt Vith · Eq €921k
Alse Projecten
BE 0892.668.630
Genk · Eq €919k
SLOTS PHILIP
BE 0455.407.575
Spiere-Helkijn · Eq €914k
MEGA DECOR
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Lier · Eq €933k
Of 2,590 companies in sector 47551 we hold annual accounts for 1,703. 1,059 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-05-1999
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
52441
47512Retail sale of household textiles and bedding
47552Retail sale of lighting equipment
47592Retail trade
52410
52442
71408
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.