BARAT
ActiveSummary
The computed 12-month bankruptcy probability of BARAT is 2.6% (moderate). The 2025 annual accounts show equity of €542,402 and a net result of €89,387. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 812 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+19
Solvency53▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.16 in 2024; short-term debt: 34.8% and cash: 17.9% of total assets), but 72.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.6%
Return on assets
4.5%
Age of the figures
9 mo
neutral · Filed after the deadline
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. 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
25 d late
2023
30 d late
2022
305 d late
2021
670 d late
2020
775 d late
2019
120 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 279 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 fastest grower in the Brussels-Capital Region, Food products sector#2 employer in Ukkel, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€89,387
2024 · -€256,999
Working capital
€342,201▲ 84.9%
2024 · €185,098
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€320,729▲ 24.1%€74,409▼ 76.8%€194,353▲ 161%€84,926▼ 56.3%€161,821▲ 90.5%
Net result€160,325within the sector's middle half▲ 54.9%€47,488within the sector's middle half▼ 70.4%€91,367within the sector's middle half▲ 92.4%-€256,999below the sector's middle half€89,387within the sector's middle half
Equity€610,327within the sector's middle half▲ 35.6%€618,647within the sector's middle half▲ 1.4%€710,014within the sector's middle half▲ 14.8%€453,014within the sector's middle half▼ 36.2%€542,402within the sector's middle half▲ 19.7%
Total assets€1.3mwithin the sector's middle half▲ 51.5%€1.4mwithin the sector's middle half▲ 8.4%€1.3mwithin the sector's middle half▼ 8.2%€2.3mwithin the sector's middle half▲ 72.1%€2.0mwithin the sector's middle half▼ 13.8%
Debt€723,735▲ 68.1%€827,133▲ 14.3%€616,693▼ 25.4%€1.8m▲ 197%€1.4m▼ 22.2%
Working capital€388,282within the sector's middle half▲ 12.6%€307,474within the sector's middle half▼ 20.8%€524,809within the sector's middle half▲ 70.7%€185,098within the sector's middle half▼ 64.7%€342,201above the sector's middle half▲ 84.9%
Solvency45.7%within the sector's middle half▼ 5.4pp42.8%within the sector's middle half▼ 3.0pp53.5%within the sector's middle half▲ 10.7pp19.8%within the sector's middle half▼ 33.7pp27.6%within the sector's middle half▲ 7.7pp
Current ratio2.03within the sector's middle half▲ 0.091.58within the sector's middle half▼ 0.452.44above the sector's middle half▲ 0.861.16within the sector's middle half▼ 1.281.50within the sector's middle half▲ 0.34
Return on assets (ROA)12.0%above the sector's middle half▲ 0.3pp3.3%within the sector's middle half▼ 8.7pp6.9%within the sector's middle half▲ 3.6pp-11.3%below the sector's middle half▼ 18.1pp4.5%within the sector's middle half▲ 15.8pp
Staff (FTE)17.7within the sector's middle half▲ 90.3%22.7within the sector's middle half▲ 28.2%20.6within the sector's middle half▼ 9.3%24.2within the sector's middle half▲ 17.5%31.7above the sector's middle half▲ 31.0%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 91% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€940,652 ▼ 2.2%
Current assets
€1.0m ▼ 22.3%
Equity and liabilities €2.0m
Equity
€542,402 ▲ 19.7%
Debt
€1.4m ▼ 22.2%
Debt's share of the balance-sheet total falls from 80.2% to 72.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€506,518▲
2024 · €307,137
Cash flow
€434,084▲
2024 · -€34,788
Quick ratio
1.22▲
2024 · 1.04
Debt to equity
2.63▼
2024 · 4.04
ROE
16.5%▲
2024 · -56.7%
Interest coverage
8.41▼
2024 · 11.62
Debt ≤ 1 year
€683,972▼
2024 · €1.1m
Debt > 1 year
€582,914▼
2024 · €692,288
Income taxes
€15,422▼
2024 · €317,255
Staff costs
€1.6m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,105 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €656,336 | €913,535 | €989,479 | €1.1m | €1.6m | ▲ 46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €167,560 | €229,339 | €209,908 | €222,211 | €344,697 | ▲ 55.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €52,106 | €244,159 | ▲ 369% |
| Other operating charges640/8 | €6 | - | €1,283 | €12,344 | €22,764 | ▲ 84.4% |
| Non-recurring operating charges66A | - | - | - | €5,860 | €595 | ▼ 89.8% |
| Gross operating margin9900 | €1.1m | €1.2m | €1.4m | €1.5m | €2.4m | ▲ 61.6% |
| Operating profit (loss)9901 | €320,729 | €74,409 | €194,353 | €84,926 | €161,821 | ▲ 90.5% |
| Financial income75/76B | €51 | €0 | €56 | €1,751 | €3,244 | ▲ 85.2% |
| Recurring financial income75 | €51 | €0 | €56 | €1,751 | €3,244 | ▲ 85.2% |
| Financial charges65/66B | €6,771 | €7,786 | €6,472 | €26,422 | €60,256 | ▲ 128% |
| Recurring financial charges65 | €6,771 | €7,786 | €6,472 | €26,422 | €60,256 | ▲ 128% |
| Profit (loss) for the period before taxes9903 | €314,008 | €66,623 | €187,937 | €60,255 | €104,809 | ▲ 73.9% |
| Income taxes67/77 | €153,683 | €19,134 | €96,570 | €317,255 | €15,422 | ▼ 95.1% |
| Profit (loss) for the period9904 | €160,325 | €47,488 | €91,367 | -€256,999 | €89,387 | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €160,325 | €47,488 | €91,367 | -€256,999 | €89,387 | ▲ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.4m | €1.3m | €2.3m | €2.0m | ▼ 13.8% |
| Fixed assets21/28 | €569,576 | €611,696 | €437,696 | €961,542 | €940,652 | ▼ 2.2% |
| Intangible fixed assets21 | - | - | - | €56,110 | €49,443 | ▼ 11.9% |
| Tangible fixed assets22/27 | €563,442 | €605,562 | €431,562 | €899,298 | €885,075 | ▼ 1.6% |
| Land and buildings22 | - | - | - | - | €139,144 | - |
| Plant, machinery and equipment23 | €562,822 | €605,562 | €431,562 | €625,017 | €497,876 | ▼ 20.3% |
| Furniture and vehicles24 | €620 | - | - | - | - | - |
| Leasing and similar rights25 | - | - | - | €274,281 | €218,786 | ▼ 20.2% |
| Other tangible fixed assets26 | - | - | - | - | €29,269 | - |
| Financial fixed assets28 | €6,134 | €6,134 | €6,134 | €6,134 | €6,134 | = |
| Current assets29/58 | €764,485 | €834,084 | €889,011 | €1.3m | €1.0m | ▼ 22.3% |
| Stocks and contracts in progress3 | €40,089 | €35,444 | €28,876 | €144,473 | €194,842 | ▲ 34.9% |
| Stocks30/36 | €40,089 | €35,444 | €28,876 | €144,473 | €194,842 | ▲ 34.9% |
| Amounts receivable within one year40/41 | €288,075 | €421,028 | €686,829 | €874,708 | €475,639 | ▼ 45.6% |
| Trade receivables40 | €281,379 | €370,961 | €454,696 | €565,501 | €188,266 | ▼ 66.7% |
| Other amounts receivable41 | €6,697 | €50,067 | €232,133 | €309,207 | €287,373 | ▼ 7.1% |
| Cash at bank and in hand54/58 | €436,321 | €377,612 | €173,306 | €295,112 | €351,689 | ▲ 19.2% |
| Deferred charges and accrued income490/1 | - | - | - | €6,973 | €4,003 | ▼ 42.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.3m | €2.3m | €2.0m | ▼ 13.8% |
| Equity10/15 | €610,327 | €618,647 | €710,014 | €453,014 | €542,402 | ▲ 19.7% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Capital10 | €40,000 | €40,000 | €40,000 | - | - | - |
| Issued capital100 | €40,000 | €40,000 | €40,000 | - | - | - |
| Reserves13 | €267,851 | €276,172 | €276,172 | €276,172 | €276,172 | = |
| Non-distributable reserves130/1 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Legal reserve130 | €4,000 | €4,000 | €4,000 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €4,000 | €4,000 | = |
| Distributable reserves133 | €263,851 | €272,172 | €272,172 | €272,172 | €272,172 | = |
| Profit (loss) carried forward14 | €302,475 | €302,475 | €393,842 | €136,843 | €226,230 | ▲ 65.3% |
| Amounts payable17/49 | €723,735 | €827,133 | €616,693 | €1.8m | €1.4m | ▼ 22.2% |
| Amounts payable after more than one year17 | €347,531 | €300,523 | €252,491 | €692,288 | €582,914 | ▼ 15.8% |
| Financial debts170/4 | €347,531 | €300,523 | €252,491 | €692,288 | €582,914 | ▼ 15.8% |
| Amounts payable within one year42/48 | €376,203 | €526,610 | €364,202 | €1.1m | €683,972 | ▼ 39.8% |
| Current portion of amounts payable after more than one year42 | €46,008 | €47,009 | €48,032 | €174,440 | €120,785 | ▼ 30.8% |
| Financial debts43 | - | €11 | €5 | €63 | - | - |
| Credit institutions430/8 | - | €11 | €5 | €63 | - | - |
| Trade debts44 | €101,066 | €182,360 | €127,805 | €549,593 | €108,492 | ▼ 80.3% |
| Suppliers440/4 | €101,066 | €182,360 | €127,805 | €549,593 | €108,492 | ▼ 80.3% |
| Taxes, remuneration and social security45 | €221,042 | €297,231 | €188,361 | €412,073 | €335,765 | ▼ 18.5% |
| Taxes450/3 | €168,487 | €113,005 | €57,965 | €235,267 | €126,429 | ▼ 46.3% |
| Remuneration and social security454/9 | €52,555 | €184,226 | €130,396 | €176,807 | €209,336 | ▲ 18.4% |
| Other amounts payable47/48 | €8,087 | - | - | - | €118,930 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,337 | €157,537 | ▲ 11,679% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €160,325 | €47,488 | €91,367 | -€256,999 | €89,387 | ▲ 135% |
| + Depreciation and write-downs630 | €167,560 | €229,339 | €209,908 | €222,211 | €344,697 | ▲ 55.1% |
| Operating cash flow (approximation) | €327,885 | €276,827 | €301,275 | -€34,788 | €434,084 | ▲ 1,348% |
| Investment in fixed assets (approximation) | - | -€271,459 | -€35,908 | -€746,057 | -€323,807 | ▲ 56.6% |
| Change in cash | - | -€58,709 | -€204,306 | €121,807 | €56,577 | ▼ 53.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €89,387
Net result €89,387 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €542,402 ▲19.7%
Equity rises from €453,014 to €542,402.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet -€256,999
Net result drops to -€256,999, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 305 days late
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 670 days late
2023
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 775 days late
2021
31-12
Financial
Highest result since 2018net €160,325 ▲54.9%
Operating result €320,729, net result €160,325, both a record.
31-12
Financial
Equity above €500,000Eq €610,327 ▲35.6%
4 profitable years in a row build equity to €610,327.
2020
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 120 days late
Show earlier events
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 310 days late
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 675 days late
2017
26-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 118 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ukkel · 4 establishment units since 2015
Ground area
1,283 m²
Building footprint
1,116 m²
Volume, LiDAR
13,404 m³
4 parcels, Brussels · tallest building 19.2 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
4 establishment units
Sint-Jobsplein 34, 1180 Ukkel
since 20152.242.493.906
Barat SRL
since 20202.310.457.945
Alsembergsesteenweg 664, 1180 Ukkel
since 20242.361.330.287
Heydenberglaan 20, 1200 Sint-Lambrechts-Woluwe
since 20262.393.755.508
4 parcels
Brussels
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0034/00P015 | Brussels | 572 m² | 1 · 510 m² | 19.2 m · 5 fl. |
| 21612D0322/00F002 | Brussels | 290 m² | 1 · 280 m² | 15.9 m · 1 fl. |
| 21673D0101/00S011 | Brussels | 274 m² | 1 · 183 m² | 14.0 m · 4 fl. |
| 21807G0185/00S003 | Brussels | 147 m² | 1 · 143 m² | 18.7 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
3 sitesElsene2.310.457.945
Ukkel2.242.493.906
Ukkel2.361.330.287
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Of 514 companies in sector 10711 we hold annual accounts for 329. 211 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
10711Manufacture of food products
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
47241Retail sale of bread and pastry (bakery outlets)
46170Agents in the wholesale of food, beverages and tobacco
46319Wholesale of fruit and vegetables, excluding potatoes
47252Retail sale of beverages, general range
47279Other retail sale of food
E-invoicing
Reachable via Peppol
Peppol ID
0208:0630999549
Also
9925:BE0630999549
Registered
19-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.