Baldwin
ActiveSummary
Baldwin has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €812k and a net result of €111k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 49% of 2692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+34
Solvency71▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.6 in 2024; short-term debt: 46.8% and cash: 2.2% of total assets), and 54.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 2025Solvency, return and age of the figures
Solvency
45.6%
Return on assets
6.2%
Age of the figures
9 mo
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
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
27 d early
2023
27 d early
2022
32 d early
2021
8 d late
2020
39 d early
2019
8 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€812k▲ 15.8%
2024 · €701k
2018: €31k
2019: €132k
2020: €571k
2021: €601k
2022: €645k
2023: €685k
2024: €701k
2018 → 2025
Total assets
€1.78M▲ 7.6%
2024 · €1.66M
2018: €525k
2019: €697k
2020: €1.55M
2021: €1.59M
2022: €1.78M
2023: €1.69M
2024: €1.66M
2018 → 2025
Net result
€111k▲ 577%
2024 · €16k
2018: €-88k
2019: €-87k
2020: €140k
2021: €30k
2022: €43k
2023: €40k
2024: €16k
2018 → 2025
Working capital
€-252k▲ 17.1%
2024 · €-304k
2018: €-212k
2019: €-274k
2020: €26k
2021: €-250k
2022: €-221k
2023: €-259k
2024: €-304k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€601k-€645k▲ 7.2%€685k▲ 6.2%€701k▲ 2.4%€812k▲ 15.8%
Operating result€-19k-€67k€69k▲ 4.0%€47k▼ 32.4%€166k▲ 255%
Net result€30k-€43k▲ 44.7%€40k▼ 7.1%€16k▼ 59.3%€111k▲ 577%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 255% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.78M
Fixed assets
€1.20M =
Current assets
€581k ▲ 27.7%
Equity and liabilities €1.78M
Equity
€812k ▲ 15.8%
Debt
€971k ▲ 1.5%
Debt's share of the balance-sheet total falls from 57.7% to 54.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€176k▲
2024 · €63k
Cash flow
€121k▲
2024 · €33k
Current ratio
0.70▲
2024 · 0.60
Debt to equity
1.19▼
2024 · 1.36
ROE
13.7%▲
2024 · 2.3%
ROA
6.2%▲
2024 · 1.0%
Interest coverage
11.60▲
2024 · 2.74
Debt ≤ 1 year
€834k▲
2024 · €760k
Debt > 1 year
€82k▼
2024 · €164k
Income taxes
€41k▲
2024 · €8k
Staff costs
€588k▼
2024 · €678k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.66M€1.78M▲
Fixed assets21/28€1.20M€1.20M=
Intangible fixed assets21€0-
Tangible fixed assets22/27€27k€26k▼
Plant, machinery and equipment23€673€503▼
Furniture and vehicles24€15k€18k▲
Other tangible fixed assets26€11k€7k▼
Financial fixed assets28€1.18M€1.18M=
Current assets29/58€455k€581k▲
Amounts receivable within one year40/41€443k€531k▲
Trade receivables40€443k€525k▲
Other amounts receivable41€260€6k▲
Cash at bank and in hand54/58€8k€39k▲
Deferred charges and accrued income490/1€4k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.66M€1.78M▲
Equity10/15€701k€812k▲
Contributions10/11€350k€350k=
Revaluation surpluses12€292k€292k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€57k€168k▲
Amounts payable17/49€956k€971k▲
Amounts payable after more than one year17€164k€82k▼
Financial debts170/4€164k€82k▼
Amounts payable within one year42/48€760k€834k▲
Current portion of amounts payable after more than one year42€82k€82k=
Financial debts43€8k€8k▼
Credit institutions430/8€8k€8k▼
Trade debts44€251k€328k▲
Suppliers440/4€251k€328k▲
Taxes, remuneration and social security45€285k€282k▼
Taxes450/3€169k€182k▲
Remuneration and social security454/9€116k€99k▼
Other amounts payable47/48€134k€134k=
Accrued charges and deferred income492/3€32k€55k▲
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€678k€588k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€10k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-7k€0▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€736k€768k▲
Operating profit (loss)9901€47k€166k▲
Financial income75/76B€275€718▲
Recurring financial income75€275€718▲
Financial charges65/66B€23k€15k▼
Recurring financial charges65€23k€15k▼
Profit (loss) for the period before taxes9903€24k€152k▲
Income taxes67/77€8k€41k▲
Profit (loss) for the period9904€16k€111k▲
Profit (loss) for the period to be appropriated9905€16k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€57k€168k▲
Profit (loss) brought forward from the previous period14P€40k€57k▲
Social balance
Average headcount (FTE)90878.97.4▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €140k
Net result €140k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.10
Current ratio from 0.50 to 1.10; short-term debt falls from €547k to €271k.
31-12
Financial
Equity above €500kEq €571k ▲334%
Equity rises from €132k to €571k.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €132k ▲327%
Equity rises from €31k to €132k.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2012
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.
Dendermondsesteenweg 1409000 GentGround area
4,502 m²
Building footprint
1,106 m²
Volume, LiDAR
14,664 m³
2 parcels, Flanders · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Dendermondsesteenweg 140C, 9000 Gent
since 20122.210.095.015
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D0164/00F004 | Flanders | 4,373 m² | 1 · 1,039 m² | 17.6 m · 5 fl. |
| 44804D0168/00N000 | Flanders | 129 m² | 1 · 67 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 3,600 EUR awarded · 3,600 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,600 EUR | 3,600 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 9,600 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.