BARECO
ActiveSummary
BARECO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,064) and a net result of €1,037. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-4
Solvency23▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.99 against 0.97 in 2024; short-term debt: 101.5% and cash: 9.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-1.5%
Return on assets
1.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 10485 sector peers (2025).
NBB · sector comparisonPosition among 10485 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 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
23 d late
2024
29 d late
2023
30 d late
2022
24 d late
2021
29 d late
2020
27 d late
2019
88 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 36 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 oldest company in Gistel, Wholesale and retail trade sector
Equity
-€1,064▲ 49.4%
2024 · -€2,100
Total assets
€70,387▼ 2.1%
2024 · €71,879
Net result
€1,037▼ 48.8%
2024 · €2,026
Working capital
-€1,064▲ 49.4%
2024 · -€2,100
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,831▼ 9.7%€10,059▼ 15.0%€3,213▼ 68.1%€2,677▼ 16.7%€1,655▼ 38.2%
Net result€11,558▼ 10.3%€9,045▼ 21.7%€2,230▼ 75.3%€2,026▼ 9.1%€1,037▼ 48.8%
Equity-€15,402▲ 42.9%-€6,356▲ 58.7%-€4,126▲ 35.1%-€2,100▲ 49.1%-€1,064▲ 49.4%
Total assets€59,636▲ 14.2%€70,139▲ 17.6%€79,197▲ 12.9%€71,879▼ 9.2%€70,387▼ 2.1%
Debt€75,038▼ 5.2%€76,495▲ 1.9%€83,324▲ 8.9%€73,980▼ 11.2%€71,451▼ 3.4%
Working capital-€15,402▲ 30.5%-€6,356▲ 58.7%-€4,126▲ 35.1%-€2,100▲ 49.1%-€1,064▲ 49.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 38% below 2024 and is the lowest result in the available series.
Key figures and ratios
Solvency
-1.5%▲
2024 · -2.9%
Current ratio
0.99▲
2024 · 0.97
Quick ratio
0.93▲
2024 · 0.90
Debt to equity
-67.17▼
2024 · -35.22
ROA
1.5%▼
2024 · 2.8%
Debt ≤ 1 year
€71,451▼
2024 · €73,980
Income taxes
€377▼
2024 · €675
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,447 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 1,447 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €459 | €460 | €499 | €513 | €528 | ▲ 2.8% |
| Gross operating margin9900 | €12,290 | €10,518 | €3,712 | €3,190 | €2,183 | ▼ 31.6% |
| Operating profit (loss)9901 | €11,831 | €10,059 | €3,213 | €2,677 | €1,655 | ▼ 38.2% |
| Financial income75/76B | €1,334 | €1,351 | €1,479 | €1,741 | €1,551 | ▼ 10.9% |
| Recurring financial income75 | €1,334 | €1,351 | €1,479 | €1,741 | €1,551 | ▼ 10.9% |
| Financial charges65/66B | €1,607 | €1,755 | €1,652 | €1,716 | €1,793 | ▲ 4.4% |
| Recurring financial charges65 | €1,607 | €1,755 | €1,652 | €1,716 | €1,793 | ▲ 4.4% |
| Profit (loss) for the period before taxes9903 | €11,558 | €9,655 | €3,040 | €2,701 | €1,413 | ▼ 47.7% |
| Income taxes67/77 | - | €610 | €810 | €675 | €377 | ▼ 44.2% |
| Profit (loss) for the period9904 | €11,558 | €9,045 | €2,230 | €2,026 | €1,037 | ▼ 48.8% |
| Profit (loss) for the period to be appropriated9905 | €11,558 | €9,045 | €2,230 | €2,026 | €1,037 | ▼ 48.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,636 | €70,139 | €79,197 | €71,879 | €70,387 | ▼ 2.1% |
| Current assets29/58 | €59,636 | €70,139 | €79,197 | €71,879 | €70,387 | ▼ 2.1% |
| Stocks and contracts in progress3 | €6,330 | €5,813 | €5,406 | €5,243 | €3,958 | ▼ 24.5% |
| Stocks30/36 | €6,330 | €5,813 | €5,406 | €5,243 | €3,958 | ▼ 24.5% |
| Amounts receivable within one year40/41 | €51,155 | €55,344 | €57,078 | €60,960 | €59,505 | ▼ 2.4% |
| Trade receivables40 | €17,496 | €20,328 | €20,649 | €20,328 | €19,192 | ▼ 5.6% |
| Other amounts receivable41 | €33,659 | €35,016 | €36,429 | €40,632 | €40,314 | ▼ 0.8% |
| Cash at bank and in hand54/58 | €2,151 | €8,983 | €16,713 | €5,675 | €6,924 | ▲ 22.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,636 | €70,139 | €79,197 | €71,879 | €70,387 | ▼ 2.1% |
| Equity10/15 | -€15,402 | -€6,356 | -€4,126 | -€2,100 | -€1,064 | ▲ 49.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€33,994 | -€24,948 | -€22,718 | -€20,692 | -€19,656 | ▲ 5.0% |
| Amounts payable17/49 | €75,038 | €76,495 | €83,324 | €73,980 | €71,451 | ▼ 3.4% |
| Amounts payable within one year42/48 | €75,038 | €76,495 | €83,324 | €73,980 | €71,451 | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | €4,790 | - | - | - | - | - |
| Trade debts44 | €1,666 | €1,493 | €9,795 | €1,728 | €458 | ▼ 73.5% |
| Suppliers440/4 | €1,666 | €1,493 | €9,795 | €1,728 | €458 | ▼ 73.5% |
| Taxes, remuneration and social security45 | €2,545 | €6,732 | €3,646 | €2,692 | €1,189 | ▼ 55.8% |
| Taxes450/3 | €2,545 | €6,732 | €3,646 | €2,692 | €1,189 | ▼ 55.8% |
| Other amounts payable47/48 | €66,037 | €68,270 | €69,883 | €69,559 | €69,803 | ▲ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,558 | €9,045 | €2,230 | €2,026 | €1,037 | ▼ 48.8% |
| Operating cash flow (approximation) | €11,558 | €9,045 | €2,230 | €2,026 | €1,037 | ▼ 48.8% |
| Change in cash | - | €6,832 | €7,730 | -€11,038 | €1,249 | ▲ 111% |
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
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 23 days late
2025
31-12
Financial
Weakest financial yearnet €1,037 ▼48.8%
Net result drops to €1,037, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €12,880 ▲29.6%
Operating result €13,099, net result €12,880, both a record.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 88 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Gistel · 1 establishment unit since 2013
Ground area
9,142 m²
Parcel 35027B0119/00R004, Flanders. Linked by address, not a title deed.
1 establishment unit
BARECO
since 20132.220.992.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35027B0119/00R004 | Flanders | 9,142 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Alveringem
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,336 companies in sector 47251 we hold annual accounts for 422. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-09-1986
Fiscal year end31-12
Activities, NACEBEL 2025
47251Retail sale of wines and spirits
46472Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429435331
Also
9925:BE0429435331
Registered
09-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.