BARAA GROUPS
ActiveSummary
The computed 12-month bankruptcy probability of BARAA GROUPS is 3.6% (moderate). The 2024 annual accounts show equity of €3k and a net result of €523. Equity is growing by ~84.9% per year across the filed fiscal years. Its solvency ranks better than 19% of 6717 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability40▼-25
Solvency31▲+6
Growth78=
Track record94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.21 against 0.6 in 2023; short-term debt: 13.5% and cash: 8.6% of total assets), and 94.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
5.6%
Return on assets
1.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 6717 sector peers (2024).
NBB · sector comparisonPosition among 6717 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
120 d late
2023
22 d early
2022
31 d late
2021
49 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€3k▲ 6,464%
2023 · €38
2021: €-2k
2022: €-2k
2023: €38
2021 → 2024
Total assets
€45k▼ 12.4%
2023 · €51k
2021: €47
2022: €47
2023: €51k
2021 → 2024
Net result
€523▲ 15.7%
2023 · €452
2021: €-2k
2023: €452
2021 → 2024
Working capital
€1k
2023 · €-20k
2021: €-2k
2022: €-2k
2023: €-20k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€-2k-€-2k=€38€3k▲ 6,464%
Operating result€-2k-€756€-1k
Net result€-2k-€452€523▲ 15.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1k after €756 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €45k
Fixed assets
€38k ▲ 78.3%
Current assets
€7k ▼ 75.6%
Equity and liabilities €45k
Equity
€3k ▲ 6,464%
Debt
€43k ▼ 17.2%
Debt's share of the balance-sheet total falls from 99.9% to 94.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▲
2023 · €2k
Cash flow
€6k▲
2023 · €1k
Current ratio
1.21▲
2023 · 0.60
Debt to equity
16.85
ROE
20.7%
ROA
1.2%▲
2023 · 0.9%
Interest coverage
-2.61▼
2023 · 5.41
Debt ≤ 1 year
€6k▼
2023 · €51k
Debt > 1 year
€35k
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 · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€51k€45k▼
Fixed assets21/28€21k€38k▲
Tangible fixed assets22/27€21k€38k▲
Furniture and vehicles24€21k€38k▲
Current assets29/58€30k€7k▼
Amounts receivable within one year40/41€26k€3k▼
Trade receivables40€26k€2k▼
Other amounts receivable41€766€1k▲
Cash at bank and in hand54/58€4k€4k▼
Deferred charges and accrued income490/1-€165
Equity and liabilities
Total equity and liabilities10/49€51k€45k▼
Equity10/15€38€3k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-2k€523▲
Amounts payable17/49€51k€43k▼
Amounts payable after more than one year17-€35k
Financial debts170/4-€35k
Amounts payable within one year42/48€51k€6k▼
Trade debts44€24k€1k▼
Suppliers440/4€24k€1k▼
Advances received on contracts in progress46-€299
Taxes, remuneration and social security45€441€3k▲
Taxes450/3€441€3k▲
Other amounts payable47/48€26k€2k▼
Accrued charges and deferred income492/3€825€1k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€892€5k▲
Other operating charges640/8€200€1k▲
Gross operating margin9900€2k€6k▲
Operating profit (loss)9901€756€-1k▼
Financial income75/76B-€87
Recurring financial income75-€87
Financial charges65/66B€304€-2k▼
Recurring financial charges65€304€-2k▼
Profit (loss) for the period before taxes9903€452€523▲
Profit (loss) for the period9904€452€523▲
Profit (loss) for the period to be appropriated9905€452€523▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€523▲
Profit (loss) brought forward from the previous period14P€-2k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
2024
31-12
Financial
Highest result since 2021net €523 ▲15.7%
Net result €523, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.21
Current ratio from 0.60 to 1.21; short-term debt falls from €51k to €6k.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
18-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 49 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Eeklo · 1 establishment unit since 2020
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.
Ghevers 599900 EekloGround area
243 m²
Building footprint
62 m²
Volume, LiDAR
411 m³
Parcel 43005D0143/00Z000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BARAA GROUPS
since 20202.351.385.413
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43005D0143/00Z000 | Flanders | 243 m² | 1 · 62 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TAXI 03
BE 0784.616.667
Antwerpen · Eq €2,520
Ramly services
BE 0803.456.047
Asse · Eq €2,516
CEREMONIE ROGER
BE 0467.048.169
Tielt · Eq €2,537
LIMO BELGIUM SERVICES
BE 0781.942.239
Schaarbeek · Eq €2,539
TELLARI
BE 0804.504.340
Brussel · Eq €2,500
Of 6,686 companies in sector 49330 we hold annual accounts for 2,295. 1,255 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
Founded26-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.