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BAR-co Electrics & technics

Active
Private limited companyfounded 20223 years activeAartstraat 47, 9310 Aalst, BelgiumKBO/BCE: BE 0795.108.901
Summary

The computed 12-month bankruptcy probability of BAR-co Electrics & technics is 5.7% (elevated). The 2024 annual accounts show equity of €99,113 and a net result of €66,355. Its solvency ranks better than 71% of 36,395 sector peers (NACE 43, fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
€152,214total assets 2024
Equity
€99,113
Profit
€66,355
Turnover not published (abridged schema)
Financial health
41 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.7%
Structure
Accounts 69 days overdue0 of 2 deeds read
Why 41- Figures for FY 2024 (filed 22-10-2025)- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; latest accounts 77 days late; 2 of the last 3 late+ Liquidity: current ratio 2.69, cash €43,972Show the evidence

Checked score

Score 2024
41 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 82% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Strong
Solvency 90+12
equity 65.1% of total assets
Liquidity 71+36
short-term debt 34.9% · cash 28.9%
Profitability 100=
return on assets 43.6%
Bankruptcy probability, 12 months
5.7% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,518 companies)
Last 24 months 11-2024: 3.3% 12-2024: 3.4%▲ +0.1 percentage points vs 11-2024 01-2025: 3.4%● unchanged vs 12-2024 02-2025: 3.3%▼ -0.1 percentage points vs 01-2025 03-2025: 4.7%▲ +1.4 percentage points vs 02-2025 04-2025: 5.6%▲ +0.9 percentage points vs 03-2025 05-2025: 6.0%▲ +0.4 percentage points vs 04-2025 06-2025: 6.1%▲ +0.1 percentage points vs 05-2025 07-2025: 6.2%▲ +0.1 percentage points vs 06-2025 08-2025: 6.9%▲ +0.7 percentage points vs 07-2025 09-2025: 7.0%▲ +0.1 percentage points vs 08-2025 10-2025: 10.0%▲ +3.0 percentage points vs 09-2025highest value 11-2025: 2.2%▼ -7.8 percentage points vs 10-2025 12-2025: 2.2%● unchanged vs 11-2025 01-2026: 2.1%▼ -0.1 percentage points vs 12-2025lowest value 02-2026: 2.1%● unchanged vs 01-2026lowest value 03-2026: 2.1%● unchanged vs 02-2026 04-2026: 2.5%▲ +0.4 percentage points vs 03-2026 05-2026: 2.7%▲ +0.2 percentage points vs 04-2026 06-2026: 2.7%● unchanged vs 05-2026 07-2026: 2.8%▲ +0.1 percentage points vs 06-2026 08-2026: 3.7%▲ +0.9 percentage points vs 07-2026 09-2026: 3.4%▼ -0.3 percentage points vs 08-2026 10-2026: 5.7%▲ +2.3 percentage points vs 09-2026
Credit up to €4,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.69 against 2.02 in 2023; short-term debt: 34.9% and cash: 28.9% of total assets), and 34.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 71% on solvency, 69% on liquidity, 93% on profitability and 96% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 22-10-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
raises risk · 1 financial year not filed after the legal deadline; latest accounts 77 days late; 2 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 2.69, cash €43,972
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-10-2025, 77 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
77 days late
2023
72 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 75 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Positive: Equity rose in 2024from €32,758 to €99,113 ▲ 203% View
  • Positive: Among the best 9% on net resultsector median €9,285 · 36,362 companies €66,355 View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View

By topic

Financials

Fiscal year
2024
Total assets
€152,214
Profit
€66,355
Solvency
65.1%
Total assets▲ 148%
Net result
20232024
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
General electrical installation workNACE 43211
Founded
20-12-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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