BARENCO
ActiveSummary
BARENCO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €25k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+2
Solvency47▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 2.61 in 2024; short-term debt: 31.1% and cash: 9.3% of total assets), and 78.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
21.9%
Return on assets
7.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-03-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
on the day
2023
35 d early
2022
6 d early
2021
46 d early
2020
49 d late
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€146k▲ 1.8%
2022 · €144k
EBIT margin
48.7%▲ 47.5pp
2022 · 1.2%
Net result
€25k▲ 23.4%
2024 · €20k
Working capital
€24k▼ 56.9%
2024 · €56k
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
Turnover€152k▼ 33.6%€144k▼ 5.7%€146k▲ 1.8%
Operating result€-28k▲ 29.7%€2k€71k▲ 3,912%€32k▼ 55.2%€43k▲ 33.2%
Net result€-32k▲ 26.3%€-6k▲ 81.4%€66k€20k▼ 69.5%€25k▲ 23.4%
EBIT margin-18.5%▼ 1.0pp1.2%▲ 19.8pp48.7%▲ 47.5pp
Equity€29k▼ 52.8%€23k▼ 20.7%€89k▲ 286%€109k▲ 22.6%€75k▼ 31.1%
Total assets€331k▲ 104%€300k▼ 9.3%€342k▲ 14.0%€327k▼ 4.5%€342k▲ 4.7%
Debt€302k▲ 198%€277k▼ 8.2%€253k▼ 8.5%€218k▼ 13.9%€267k▲ 22.4%
Working capital€5k▼ 87.1%€-14k€34k€56k▲ 63.0%€24k▼ 56.9%
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 2025; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €342k
Fixed assets
€212k ▼ 10.4%
Current assets
€130k ▲ 43.8%
Equity and liabilities €342k
Equity
€75k ▼ 31.1%
Debt
€267k ▲ 22.4%
Debt's share of the balance-sheet total rises from 66.8% to 78.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€67k▲
2024 · €60k
Cash flow
€49k▲
2024 · €48k
Current ratio
1.23▼
2024 · 2.61
Debt to equity
3.57▲
2024 · 2.01
ROE
33.0%▲
2024 · 18.4%
ROA
7.2%▲
2024 · 6.1%
Interest coverage
14.26▲
2024 · 10.47
Debt ≤ 1 year
€106k▲
2024 · €35k
Debt > 1 year
€161k▼
2024 · €184k
Income taxes
€14k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €152k | €144k | €146k | - | - | - |
| Non-recurring operating income76A | - | - | €8k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €156k | €94k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €32k | €21k | €28k | €24k | ▼ 13.8% |
| Other operating charges640/8 | - | €3k | €5k | €2k | €43k | ▲ 1,948% |
| Gross operating margin9900 | €20k | €37k | €98k | €62k | €109k | ▲ 75.5% |
| Operating profit (loss)9901 | €-28k | €2k | €71k | €32k | €43k | ▲ 33.2% |
| Financial income75/76B | - | €409 | €0 | €295 | €1k | ▲ 361% |
| Recurring financial income75 | €0 | €409 | €0 | €295 | €1k | ▲ 361% |
| Financial charges65/66B | - | €8k | €5k | €6k | €5k | ▼ 18.5% |
| Recurring financial charges65 | €6k | €8k | €5k | €6k | €5k | ▼ 18.5% |
| Profit (loss) for the period before taxes9903 | €-35k | €-6k | €66k | €26k | €39k | ▲ 48.1% |
| Income taxes67/77 | €-2k | €484 | €501 | €6k | €14k | ▲ 125% |
| Profit (loss) for the period9904 | €-32k | €-6k | €66k | €20k | €25k | ▲ 23.4% |
| Profit (loss) for the period to be appropriated9905 | €-32k | €-6k | €66k | €20k | €25k | ▲ 23.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €331k | €300k | €342k | €327k | €342k | ▲ 4.7% |
| Fixed assets21/28 | €250k | €235k | €265k | €236k | €212k | ▼ 10.4% |
| Tangible fixed assets22/27 | €249k | €234k | €263k | €235k | €210k | ▼ 10.4% |
| Land and buildings22 | - | €209k | €197k | €186k | €174k | ▼ 6.2% |
| Plant, machinery and equipment23 | - | €19k | €14k | €11k | €8k | ▼ 24.6% |
| Furniture and vehicles24 | - | €6k | €4k | - | - | - |
| Leasing and similar rights25 | - | - | €48k | €38k | €28k | ▼ 26.8% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €80k | €65k | €77k | €91k | €130k | ▲ 43.8% |
| Stocks and contracts in progress3 | €9k | €0 | €14k | - | - | - |
| Contracts in progress37 | - | €0 | €14k | - | - | - |
| Amounts receivable within one year40/41 | €57k | €60k | €57k | €74k | €97k | ▲ 32.0% |
| Trade receivables40 | - | €60k | €47k | €56k | €8k | ▼ 86.1% |
| Other amounts receivable41 | - | €0 | €10k | €17k | €89k | ▲ 411% |
| Cash at bank and in hand54/58 | €13k | €5k | €4k | €16k | €32k | ▲ 101% |
| Deferred charges and accrued income490/1 | - | €661 | €2k | €1k | €1k | ▲ 17.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €331k | €300k | €342k | €327k | €342k | ▲ 4.7% |
| Equity10/15 | €29k | €23k | €89k | €109k | €75k | ▼ 31.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | €6k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Uncalled capital101 | - | €12k | €12k | - | - | - |
| Reserves13 | €60k | €60k | €60k | €80k | €47k | ▼ 42.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €58k | €58k | - | - | - |
| Distributable reserves133 | - | - | - | €80k | €47k | ▼ 42.0% |
| Profit (loss) carried forward14 | €-38k | €-44k | €22k | €22k | €22k | = |
| Amounts payable17/49 | €302k | €277k | €253k | €218k | €267k | ▲ 22.4% |
| Amounts payable after more than one year17 | €226k | €198k | €210k | €184k | €161k | ▼ 12.3% |
| Financial debts170/4 | - | €198k | €210k | €184k | €161k | ▼ 12.3% |
| Amounts payable within one year42/48 | €75k | €79k | €43k | €35k | €106k | ▲ 206% |
| Current portion of amounts payable after more than one year42 | - | €29k | €30k | €27k | €23k | ▼ 15.0% |
| Financial debts43 | - | - | €1k | - | - | - |
| Credit institutions430/8 | - | - | €1k | - | - | - |
| Trade debts44 | €0 | €2k | €0 | €184 | €10k | ▲ 5,208% |
| Suppliers440/4 | - | €2k | - | €184 | €10k | ▲ 5,208% |
| Taxes, remuneration and social security45 | - | €9k | €11k | €8k | €18k | ▲ 130% |
| Taxes450/3 | - | €3k | €5k | €8k | €18k | ▲ 130% |
| Remuneration and social security454/9 | - | €6k | €5k | - | - | - |
| Other amounts payable47/48 | - | €39k | €1k | - | €56k | - |
| Accrued charges and deferred income492/3 | - | €124 | €279 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-32k | €-6k | €66k | €20k | €25k | ▲ 23.4% |
| + Depreciation and write-downs630 | €41k | €32k | €21k | €28k | €24k | ▼ 13.8% |
| Operating cash flow (approximation) | €9k | €26k | €87k | €48k | €49k | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | €-17k | €-51k | €0 | €0 | ▼ 100% |
| Change in cash | - | €-8k | €-422 | €12k | €16k | ▲ 38.4% |
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
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €100kEq €109k ▲22.6%
2 profitable years in a row build equity to €109k.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €66k
Net result €66k after 3 loss-making years.
30-09
Financial
Liquidity doublescurrent ratio 1.79
Current ratio from 0.82 to 1.79; short-term debt falls from €79k to €43k.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 49 days late
2020
30-09
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €100kEq €105k ▲70.1%
2 profitable years in a row build equity to €105k.
Show earlier events
05-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 75 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Leopoldsburg · 1 establishment unit since 2008
Ground area
351 m²
Building footprint
113 m²
Volume, LiDAR
489 m³
Parcel 71034A1789/00B000, Flanders · tallest building 10.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Barenco
since 20082.185.939.342
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71034A1789/00B000 | Flanders | 351 m² | 1 · 113 m² | 10.7 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 4,328 EUR awarded · 4,328 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 4,328 EUR | 4,328 EUR |
Schemes
Vlaams Beschermingsmechanisme 5 (stopgezet)
Similar companies · same sector, comparable size
HPL SERVICES
BE 0732.776.701
Baelen · Eq €74,895
Welding Cherry Consulting
BE 1002.719.187
Riemst · Eq €74,959
Steelworx
BE 0758.855.744
Geraardsbergen · Eq €74,583
CG TECHNITOL
BE 0870.810.867
Leuze-en-Hainaut · Eq €74,189
COWELL
BE 0446.003.426
Herstal · Eq €74,007
Of 3,464 companies in sector 25530 we hold annual accounts for 1,655. 1,173 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
Founded06-11-2008
Fiscal year end30-09
Activities, NACEBEL 2025
25530Machining of metals
24200Manufacture of basic metals
25401Forging of metal
Scores and ratios are computed by Checked and are not a credit decision.