Equity
-€3.0m
Debts exceed assets in financial year 2024.
Bar.on
Lifetime
3 annual accounts with figures on one time axispeak -€66,328 (2024)
-€66,328▲ €864,773
lowest -€1.8m (2023)
-€866,473▲ €952,779
peak -€443,117 (2022)
-€3.0m▼ €765,973
€4.0m▲ 8.8%
Board5 names since 2022
1 directorEndermann
Owners
Documentsfilings and deeds
29-04-2026272 days late
2024micro format
Gross margin from -€931,101 to -€66,328Loss of €866,473Registered office moved from Tessenderlo to Leuven 21-10Resignation: Marc Kelgtermans (director) 15-05Equity from -€2.3m to -€3.0mCash from €32,511 to €21,214
Key points
from the 2024 annual accountsLosses
-€3.4m in three years
Every financial year from 2022 to 2024 closed with a loss. 2023 was the heaviest.
Debts
€4.0m 398% of the balance sheet
Financial debts 68%Suppliers 8%Taxes and wages 1%Other 24%
Of this, €996,015 falls due within a year.
Staff
2.2 FTE ▼ 63.9%
Fewer staff in 2024 from 6.1 FTE to 2.2 FTE.
Filings
3 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-297.7%
Lower solvency than 95% of companies in other professional activities. Sector median 50.3% · 4,285 companies.
Turnover not published (micro format)
Checked score
34
Weak
Financially stronger than 9% of micro companies in other professional activities (NACE 74)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.6% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.0%● unchanged vs 12-2024
02-2025: 2.0%● unchanged vs 01-2025
03-2025: 1.9%▼ -0.1 percentage points vs 02-2025
04-2025: 1.9%● unchanged vs 03-2025
05-2025: 1.9%● unchanged vs 04-2025lowest value
06-2025: 1.9%● unchanged vs 05-2025
07-2025: 2.0%▲ +0.1 percentage points vs 06-2025
08-2025: 2.6%▲ +0.6 percentage points vs 07-2025
09-2025: 3.2%▲ +0.6 percentage points vs 08-2025
10-2025: 4.8%▲ +1.6 percentage points vs 09-2025
11-2025: 4.8%● unchanged vs 10-2025
12-2025: 4.8%● unchanged vs 11-2025
01-2026: 4.8%● unchanged vs 12-2025
02-2026: 4.8%● unchanged vs 01-2026
03-2026: 4.7%▼ -0.1 percentage points vs 02-2026
04-2026: 4.7%● unchanged vs 03-2026
05-2026: 4.4%▼ -0.3 percentage points vs 04-2026
06-2026: 4.3%▼ -0.1 percentage points vs 05-2026
07-2026: 4.4%▲ +0.1 percentage points vs 06-2026
08-2026: 5.4%▲ +1.0 percentage point vs 07-2026
09-2026: 6.4%▲ +1.0 percentage point vs 08-2026highest value
10-2026: 5.6%▼ -0.8 percentage points vs 09-2026
11-2026: 5.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 272 days late; 1 of the last 3 accounts late
Figures for financial year 2024 (filed on 05-09-2025)
Loss of €866,473, the second in a row (financial year 2024)
lowers risk
Sector: Other professional, scientific and technical activities (NACE 74)
Calculation
The band follows from the bankruptcy probability. 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 74, micro). It does better than 5% of them on solvency, 4% on liquidity, 7% on profitability and 18% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as Bar.on has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Bar.on itself: 5.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Bar.on. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.05 (0.09 in 2023), below 1. Short-term debt is 97.9% and cash 2.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
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 -€3.0m
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 3 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 272 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-04-2026, 272 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
272 days late
2023
on the day
2022
7 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 93 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- STANDAERT Dirk Ernest founderdeed of 22-02-2022
- VLAAMS INSTITUUT VOOR BIOTECHNOLOGIE 30,000 sharesdeed of 22-02-2022
Recent changes
Appointment: JNR BV (director)
Permanent representative: Dirk Standaert · Board meeting of 04-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0782354785
Share issue
Issue of 100,500 shares · Gazette deed
Registered office moved from Tessenderlo to Leuven
New registered office: Gaston Geenslaan 2-3001 Leuven · Previous registered office: Jagersweg 5, 3980 Tessenderlo · Permanent representative: Standaert Dirk · Board meeting of 25-09-2024 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as Bar.on: other professional, scientific and technical activities (NACE 74999). They are comparable in size and age: total assets between €640,000 and €1.3m, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 18-02-2022Normal situation
- Activity
- Other professional, scientific and technical activitiesNACE 74999and 1 other
- Joint committee
- 207White-collar workers in the chemical industry · annual accounts 2023
- Establishment unit
- 2.328.253.7823001 Leuven, since 18-02-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Insights on Bar.on
Bar.on files the micro format. That format states no turnover. The gross margin rose from -€489,887 in 2022 to -€66,328 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Bar.on
- What is the company number of Bar.on?
- The company number of Bar.on is 0782.354.785. The VAT number is the same number with BE in front: BE 0782.354.785.
- Where is Bar.on based?
- The registered office is at Gaston Geenslaan 2, 3001 Leuven.Company details
- What does Bar.on do?
- According to the KBO register, the main activity is other professional, scientific and technical activities (NACE 74999).
- What is the legal form of Bar.on?
- Bar.on is a private limited company (BV).
- When was Bar.on founded?
- Bar.on was founded on 18-02-2022.
- Is Bar.on still active?
- Yes, Bar.on is an active enterprise in the KBO register.
- How many employees does Bar.on have?
- Bar.on had an average of 2.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does Bar.on fall under?
- In its 2023 annual accounts, Bar.on states joint committee 207 (White-collar workers in the chemical industry).
- What is the turnover of Bar.on?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.
- Is Bar.on profitable?
- In financial year 2024, Bar.on made a loss of €866,473.
- Where can I find the annual accounts of Bar.on?
- Bar.on filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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