BARAK
ActiveSummary
BARAK has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €101k and a net result of €29k. Equity is growing by ~37.4% per year across the filed fiscal years. Its solvency ranks better than 29% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability49▲+3
Solvency33▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.5 against 0.1 in 2023; short-term debt: 58.5% and cash: 3.9% of total assets), and 92% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
33 d early
2022
25 d late
2021
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€101k▲ 39.6%
2023 · €72k
2021: €24k
2022: €60k
2023: €72k
2021 → 2024
Total assets
€1.26M▲ 1.3%
2023 · €1.24M
2021: €992k
2022: €1.27M
2023: €1.24M
2021 → 2024
Net result
€29k▲ 134%
2023 · €12k
2021: €4k
2022: €36k
2023: €12k
2021 → 2024
Working capital
€-367k▲ 43.9%
2023 · €-654k
2021: €-448k
2022: €-642k
2023: €-654k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€24k-€60k▲ 147%€72k▲ 20.4%€101k▲ 39.6%
Operating result€17k-€54k▲ 217%€35k▼ 34.0%€65k▲ 84.1%
Net result€4k-€36k▲ 713%€12k▼ 65.6%€29k▲ 134%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 84% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.26M
Fixed assets
€890k ▼ 24.1%
Current assets
€368k ▲ 430%
Equity and liabilities €1.26M
Equity
€101k ▲ 39.6%
Debt
€1.16M ▼ 1.1%
Debt's share of the balance-sheet total falls from 94.2% to 92.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92k▲
2023 · €62k
Cash flow
€55k▲
2023 · €39k
Current ratio
0.50▲
2023 · 0.10
Quick ratio
0.07▼
2023 · 0.10
Debt to equity
11.43▼
2023 · 16.15
ROE
28.4%▲
2023 · 17.0%
ROA
2.3%▲
2023 · 1.0%
Interest coverage
3.23▲
2023 · 3.10
Debt ≤ 1 year
€736k▲
2023 · €724k
Debt > 1 year
€421k▼
2023 · €446k
Income taxes
€8k▲
2023 · €3k
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 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.24M€1.26M▲
Fixed assets21/28€1.17M€890k▼
Tangible fixed assets22/27€1.17M€890k▼
Land and buildings22€1.17M€888k▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€69k€368k▲
Stocks and contracts in progress3-€319k
Stocks30/36-€319k
Amounts receivable within one year40/41€58k€168▼
Trade receivables40€58k€168▼
Cash at bank and in hand54/58€11k€49k▲
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.26M▲
Equity10/15€72k€101k▲
Contributions10/11€20k€20k=
Reserves13€52k€81k▲
Distributable reserves133€52k€81k▲
Amounts payable17/49€1.17M€1.16M▼
Amounts payable after more than one year17€446k€421k▼
Financial debts170/4€446k€421k▼
Amounts payable within one year42/48€724k€736k▲
Current portion of amounts payable after more than one year42€25k€25k▲
Financial debts43€265k€270k▲
Credit institutions430/8€265k€270k▲
Trade debts44€4k€11k▲
Suppliers440/4€4k€11k▲
Taxes, remuneration and social security45€8k€12k▲
Taxes450/3€8k€12k▲
Other amounts payable47/48€422k€418k▼
Income statement
Code20232024
Non-recurring operating income76A€750€62k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€27k=
Other operating charges640/8€4k€4k▲
Gross operating margin9900€66k€96k▲
Operating profit (loss)9901€35k€65k▲
Financial income75/76B€2€27▲
Recurring financial income75€2€27▲
Financial charges65/66B€20k€28k▲
Recurring financial charges65€20k€28k▲
Profit (loss) for the period before taxes9903€15k€37k▲
Income taxes67/77€3k€8k▲
Profit (loss) for the period9904€12k€29k▲
Profit (loss) for the period to be appropriated9905€12k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€29k▲
Transfer to equity691/2€12k€29k▲
To other reserves6921€12k€29k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
19-08
State Gazette act
General meeting · Registered-office move
Director appointment · Permanent representative
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Equity above €100kEq €101k ▲39.6%
4 profitable years in a row build equity to €101k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Highest result since 2021net €36k ▲713%
Net result €36k, the highest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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 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.
Nieuwe Bornestraat 433012 LeuvenGround area
92 m²
Parcel 24126C0189/00R003, Flanders. Linked by address, not a title deed.
1 establishment unit
BARAK
since 20202.306.072.753
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126C0189/00R003 | Flanders | 92 m² | - | - |
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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Similar companies · same sector, comparable size
Y&S
BE 0788.672.158
Wervik · Eq €101,186
Thuisconstruct
BE 0675.640.236
Schelle · Eq €101,183
WY NOT
BE 0795.434.939
Rumst · Eq €101,320
CHOFIMMO
BE 0881.403.762
Wemmel · Eq €101,081
AG²F CONSTRUCT
BE 1001.592.603
Chièvres · Eq €101,379
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,303 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
Founded07-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.