Equity
€29,356 from €437,375 in 2006
Equity fell by 93% in 19 years.
BARA
Lifetime
20 annual accounts with figures on one time axis, 38 filings since 1988peak €2.0m (2023)
€1.9m▲ 1.7%
lowest -€294,822 (2007)
-€158,923▼ €154,307
peak €437,375 (2006)
€29,356▼ 84.4%
€2.3m▲ 13.3%
peak 44.9 FTE (2013)
32.1 FTE▲ 0.9%
Board4 names since 2017
4 directorsBARATTUCCI David and 3 others
Owners
99.87%NICO HOLDING
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Loss of €158,923Equity from €188,487 to €29,356Cash from €11,625 to €6,643
Key points
from the 2025 annual accountsResult
-€158,923 ▼ 3,343%
The result fell in 2025: different schema filed.
Debts
€2.3m 99% of the balance sheet
Financial debts 58%Suppliers 21%Taxes and wages 12%Other 9%
Of this, €1.2m falls due within a year.
Staff
32.1 FTE from 44.9 in 2013
Between 2013 and 2025, 29% of the full-time equivalents disappeared.
Filings
38 annual accounts since 1988
Ten of the last ten came late. The 2020 accounts came latest: 118 days after the end of the period.
Position in the sector
-€158,923
Lower net result than 93% of companies in education. Sector median €24,259 · 849 companies.
Checked score
51
Fair
Financially stronger than 7% of small companies in education (NACE 85)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 623 companies (NACE 85, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%▲ +0.1 percentage points vs 08-2025
10-2025: 0.9%▲ +0.5 percentage points vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 1.6%▲ +0.6 percentage points vs 07-2026
09-2026: 2.0%▲ +0.4 percentage points vs 08-2026highest value
10-2026: 2.0%● unchanged vs 09-2026highest value
11-2026: 2.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.47, cash €6,643
Equity €29,356 (1.3% of total assets)
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Loss of €158,923, the second in a row (financial year 2025)
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 85, small). It does better than 6% of them on solvency, 5% on liquidity, 13% on profitability and 3% 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 1,104 companies had the same profile as BARA has now. Each dot stands for 3 companies, two years later.
94.2%
were still trading
3.6%
stopped another way
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BARA itself: 2.0% 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 1,104 companies, not a prediction for BARA. 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
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.47 (0.41 in 2024), below 1. Short-term debt is 50% and cash 0.3% of total assets. 98.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€158,923
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 846 sector peers (2025).
NBB · sector comparisonPosition among 846 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
28 days late
2023
28 days late
2022
29 days late
2021
31 days late
2020
118 days late
2019
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 51 days after the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0432002564
4 directors appointed
BARATTUCCI Nicola, d’ELETTO Concetta, BARATTUCCI Emmanuel and BARATTUCCI David · General meeting of 17-12-2024 · Gazette deed
Amendment of the articles · Legal-form change
Appointments: BARATTUCCI Nicola, d’ELETTO Concetta, BARATTUCCI Emmanuel and BARATTUCCI David · Resignations: BARATTUCCI Nicola, d’ELETTO Concetta, BARATTUCCI Emmanuel and BARATTUCCI David · NICO HOLDING holds 1,498 shares (100%) · General meeting of 25-03-2022 · Gazette deed
New establishment in Charleroi
Chaussée de Bruxelles 149
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BARA Fontaine-l'Evêque | €2.3m | €1.9m | 1.3% | 32.1 |
| RIJSCHOOL HENDRIKS J. EN L. Genk | €2.4m | €2.5m | 60.6% | 32.1 |
| MERCATOR Leuven | €1.5m | €1.7m | 65.6% | 22.2 |
| PRO-ACTIVE DRIVING SCHOOL Brussels | €2.2m | €2.3m | 29.5% | 25.4 |
| Merksemse Rijschool Antwerp | €1.6m | €2.1m | 42.1% | 25.1 |
| Rijschool Wirix Oudsbergen | €2.2m | €2.0m | 19.4% | 24.7 |
| De Turnhoutse Autorijschool Turnhout | €1.4m | €1.8m | 70.4% | 21.2 |
These companies have the same main activity as BARA: driving schools for cars and motorcycles (NACE 85531). They are comparable in size and age: total assets between €1.4m and €2.4m, founded between 1967 and 2007.
Official details
Source: KBO- Status
- Active since 25-09-1987Normal situation
- Activity
- Driving schools for cars and motorcyclesNACE 85531
- Establishment units
- 2.029.876.2406534 Thuin, since 15-10-1987
- 2.029.876.3396140 Fontaine-l'Evêque, since 15-10-1987and 10 others
- Financial year end
- 31 December
- Peppol
- Reachable since 09-04-2025
Annual accounts 2025
- ≈ €3.2mestimated
- €2.3m▲ 5.0%
- Employeeson 31-12-2025
- 51▲ 6.3%
- Filing
- Filed on 31-08-2026
Insights on BARA
BARA files the abbreviated format. That format states no turnover. The gross margin rose from €1.6m in 2006 to €1.9m in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets, financed with long-term debt.
NICO HOLDING holds all the shares. In April 2022, the Official Gazette published the appointment of BARATTUCCI David as managing director.
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 BARA
- What is the company number of BARA?
- The company number of BARA is 0432.002.564. The VAT number is the same number with BE in front: BE 0432.002.564.
- Where is BARA based?
- The registered office is at Rue de Charleroi (F-E) 22, 6140 Fontaine-l'Evêque.Company details
- What does BARA do?
- According to the KBO register, the main activity is driving schools for cars and motorcycles (NACE 85531).
- What is the legal form of BARA?
- BARA is a private limited company (BV).
- When was BARA founded?
- BARA was founded on 25-09-1987.
- Is BARA still active?
- Yes, BARA is an active enterprise in the KBO register.
- How many employees does BARA have?
- BARA had an average of 32.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of BARA?
- The turnover in financial year 2025 is ≈ €3.2m. This figure is estimated from the gross margin of €1.9m and 1,585 comparable companies of the same size. It probably lies between €2.2m and €5.3m. It is a rough estimate.
- Is BARA profitable?
- In financial year 2025, BARA made a loss of €158,923.
- Where can I find the annual accounts of BARA?
- BARA filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BARA due?
- BARA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.NICO HOLDING · 12 companies
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