Bar.on
ActiveSummary
Bar.on has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-3.03M) and a net result of €-866k. Equity is shrinking by ~57.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 4352 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.09 in 2023; short-term debt: 97.9% and cash: 2.1% of total assets), and equity is negative.
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Signals
Five 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 2024Solvency, return and age of the figures
Solvency
-297.7%
Return on assets
-85.2%
Age of the figures
21 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 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year €-3.03M
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
on the day
2022
7 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-3.03M▼ 33.9%
2023 · €-2.26M
Total assets
€1.02M▼ 30.1%
2023 · €1.46M
Net result
€-866k▲ 52.4%
2023 · €-1.82M
Working capital
€-948k▲ 36.7%
2023 · €-1.50M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€-674k-€-1.82M▼ 170%€-599k▲ 67.1%
Net result€-674k-€-1.82M▼ 170%€-866k▲ 52.4%
Equity€-443k-€-2.26M▼ 411%€-3.03M▼ 33.9%
Total assets€1.52M-€1.46M▼ 4.0%€1.02M▼ 30.1%
Debt€1.96M-€3.72M▲ 89.8%€4.05M▲ 8.8%
Working capital€521k-€-1.50M€-948k▲ 36.7%
Staff (FTE)2.6-6.1▲ 135%2.2▼ 63.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €599k in 2024 against €1.82M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.02M
Fixed assets
€970k ▼ 26.0%
Current assets
€48k ▼ 67.3%
Key figures and ratios
EBITDA
€-253k▲
2023 · €-1.53M
Cash flow
€-521k▲
2023 · €-1.53M
Solvency
-297.7%▼
2023 · -155.5%
Current ratio
0.05▼
2023 · 0.09
Debt to equity
-1.34▲
2023 · -1.64
ROA
-85.2%▲
2023 · -125.0%
Interest coverage
-0.94▲
2023 · -1031.13
Debt ≤ 1 year
€996k▼
2023 · €1.64M
Debt > 1 year
€2.74M▲
2023 · €2.01M
Staff costs
€182k▼
2023 · €595k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €109k | €595k | €182k | ▼ 69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75k | €290k | €346k | ▲ 19.3% |
| Other operating charges640/8 | €527 | €2k | €5k | ▲ 173% |
| Non-recurring operating charges66A | - | €57 | - | - |
| Gross operating margin9900 | €-490k | €-931k | €-66k | ▲ 92.9% |
| Operating profit (loss)9901 | €-674k | €-1.82M | €-599k | ▲ 67.1% |
| Financial income75/76B | - | €118 | €294 | ▲ 150% |
| Recurring financial income75 | - | €118 | €294 | ▲ 150% |
| Financial charges65/66B | €71 | €1k | €268k | ▲ 17,984% |
| Recurring financial charges65 | €71 | €1k | €268k | ▲ 17,984% |
| Profit (loss) for the period before taxes9903 | €-674k | €-1.82M | €-866k | ▲ 52.4% |
| Income taxes67/77 | - | €84 | - | - |
| Profit (loss) for the period9904 | €-674k | €-1.82M | €-866k | ▲ 52.4% |
| Profit (loss) for the period to be appropriated9905 | €-674k | €-1.82M | €-866k | ▲ 52.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.52M | €1.46M | €1.02M | ▼ 30.1% |
| Fixed assets21/28 | €847k | €1.31M | €970k | ▼ 26.0% |
| Intangible fixed assets21 | €683k | €1.05M | €779k | ▼ 25.4% |
| Tangible fixed assets22/27 | €156k | €254k | €183k | ▼ 28.0% |
| Plant, machinery and equipment23 | €73k | €159k | €127k | ▼ 20.2% |
| Furniture and vehicles24 | €12k | €12k | €4k | ▼ 63.9% |
| Other tangible fixed assets26 | €70k | €83k | €51k | ▼ 38.0% |
| Financial fixed assets28 | €8k | €11k | €8k | ▼ 29.8% |
| Current assets29/58 | €669k | €145k | €48k | ▼ 67.3% |
| Amounts receivable within one year40/41 | €120k | €113k | €18k | ▼ 84.1% |
| Trade receivables40 | €28k | €66k | €14k | ▼ 78.6% |
| Other amounts receivable41 | €92k | €47k | €4k | ▼ 91.8% |
| Cash at bank and in hand54/58 | €545k | €33k | €21k | ▼ 34.7% |
| Deferred charges and accrued income490/1 | €4k | - | €8k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.52M | €1.46M | €1.02M | ▼ 30.1% |
| Equity10/15 | €-443k | €-2.26M | €-3.03M | ▼ 33.9% |
| Contributions10/11 | €231k | €231k | €331k | ▲ 43.6% |
| Profit (loss) carried forward14 | €-674k | €-2.49M | €-3.36M | ▼ 34.8% |
| Amounts payable17/49 | €1.96M | €3.72M | €4.05M | ▲ 8.8% |
| Amounts payable after more than one year17 | €1.80M | €2.01M | €2.74M | ▲ 36.0% |
| Financial debts170/4 | €1.80M | €2.01M | €2.74M | ▲ 36.0% |
| Amounts payable within one year42/48 | €149k | €1.64M | €996k | ▼ 39.4% |
| Trade debts44 | €130k | €357k | €307k | ▼ 14.0% |
| Suppliers440/4 | €130k | €357k | €307k | ▼ 14.0% |
| Advances received on contracts in progress46 | - | - | €409k | - |
| Taxes, remuneration and social security45 | €15k | €12k | €37k | ▲ 211% |
| Taxes450/3 | - | €84 | €5k | ▲ 5,535% |
| Remuneration and social security454/9 | €15k | €12k | €32k | ▲ 173% |
| Other amounts payable47/48 | €3k | €1.28M | €244k | ▼ 80.9% |
| Accrued charges and deferred income492/3 | €10k | €60k | €312k | ▲ 418% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-674k | €-1.82M | €-866k | ▲ 52.4% |
| + Depreciation and write-downs630 | €75k | €290k | €346k | ▲ 19.3% |
| Operating cash flow (approximation) | €-599k | €-1.53M | €-521k | ▲ 66.0% |
| Investment in fixed assets (approximation) | - | €-753k | €-6k | ▲ 99.3% |
| Change in cash | - | €-513k | €-11k | ▲ 97.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-1.82M
Net result drops to €-1.82M, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Leuven · 1 establishment unit since 2022
Ground area
7,000 m²
Building footprint
1,665 m²
Volume, LiDAR
24,178 m³
Parcel 24040B0201/00H002, Flanders · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Bar.on
since 20222.328.253.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24040B0201/00H002 | Flanders | 7,000 m² | 1 · 1,665 m² | 18.8 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 50,684 EUR awarded · 50,684 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 25,000 EUR |
| 2023 | 1 | 0 EUR | 684 EUR |
| 2022 | 2 | 50,684 EUR | 25,000 EUR |
Schemes
O&O-haalbaarheidsstudie
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLeuven2.328.253.782
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,563 companies in sector 74999 we hold annual accounts for 1,934. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.