BARETEX
ActiveSummary
BARETEX has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€247,367) and a net result of €14,823. Equity is shrinking by ~7.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · fiscal year 2025, micro schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result falls in 2025; 2025 is 1% below 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% 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
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,448 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €330 | €1,902 | €2,568 | €2,995 | €3,163 | €4,660 | ▲ 47.3% |
| Other operating charges640/8 | - | - | - | €5,509 | €4,580 | €4,951 | €5,132 | €5,267 | ▲ 2.6% |
| Gross operating margin9900 | -€7,911 | -€7,802 | -€9,436 | -€8,029 | -€15,714 | -€18,526 | €23,303 | €24,773 | ▲ 6.3% |
| Operating profit (loss)9901 | -€11,888 | -€11,732 | -€14,338 | -€15,440 | -€22,863 | -€26,472 | €15,008 | €14,846 | ▼ 1.1% |
| Recurring financial income75 | - | €46 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €1,611 | €82 | - | - | €23 | - |
| Recurring financial charges65 | €6,695 | €4,968 | €3,764 | €1,611 | €82 | - | - | €23 | - |
| Profit (loss) for the period before taxes9903 | -€18,584 | -€16,654 | -€18,102 | -€17,051 | -€22,946 | -€26,472 | €15,008 | €14,823 | ▼ 1.2% |
| Profit (loss) for the period9904 | -€18,584 | -€16,654 | -€18,102 | -€17,051 | -€22,946 | -€26,472 | €15,008 | €14,823 | ▼ 1.2% |
| Profit (loss) for the period to be appropriated9905 | -€18,584 | -€16,654 | -€18,102 | -€17,051 | -€22,946 | -€26,472 | €15,008 | €14,823 | ▼ 1.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €254,237 | €259,391 | €274,443 | €309,068 | €301,973 | €295,534 | €292,178 | €315,074 | ▲ 7.8% |
| Fixed assets21/28 | €251,293 | €251,293 | €266,366 | €293,477 | €296,212 | €293,217 | €292,178 | €312,451 | ▲ 6.9% |
| Tangible fixed assets22/27 | €250,972 | €250,972 | €266,045 | €293,156 | €295,891 | €292,895 | €291,856 | €312,130 | ▲ 6.9% |
| Land and buildings22 | - | - | - | €293,156 | €295,891 | €292,895 | €291,856 | €312,130 | ▲ 6.9% |
| Financial fixed assets28 | €321 | €321 | €321 | €321 | €321 | €321 | €321 | €321 | = |
| Current assets29/58 | €2,944 | €8,097 | €8,077 | €15,591 | €5,760 | €2,317 | - | €2,623 | - |
| Amounts receivable within one year40/41 | - | €166 | €332 | - | €5,760 | €2,317 | - | - | - |
| Trade receivables40 | - | - | - | - | €5,760 | €2,317 | - | - | - |
| Cash at bank and in hand54/58 | €2,944 | €7,931 | €7,745 | €15,591 | - | - | - | €2,623 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €254,237 | €259,391 | €274,443 | €309,068 | €301,973 | €295,534 | €292,178 | €315,074 | ▲ 7.8% |
| Equity10/15 | -€175,973 | -€192,627 | -€210,729 | -€227,781 | -€250,726 | -€277,198 | -€262,190 | -€247,367 | ▲ 5.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€237,973 | -€254,627 | -€272,729 | -€289,781 | -€312,726 | -€339,198 | -€324,190 | -€309,367 | ▲ 4.6% |
| Amounts payable17/49 | €430,210 | €452,018 | €485,172 | €536,849 | €552,699 | €572,732 | €554,367 | €562,441 | ▲ 1.5% |
| Amounts payable after more than one year17 | €108,205 | €59,292 | €8,620 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €321,399 | €392,383 | €476,358 | €536,809 | €552,699 | €572,232 | €554,367 | €562,441 | ▲ 1.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,912 | - | - | - | - | - |
| Trade debts44 | €5,351 | €3,330 | €15,401 | €317 | €8,340 | €2,031 | €4,736 | €6,829 | ▲ 44.2% |
| Suppliers440/4 | - | - | - | €317 | €8,340 | €2,031 | €4,736 | €6,829 | ▲ 44.2% |
| Other amounts payable47/48 | - | - | - | €523,581 | €544,358 | €570,201 | €549,631 | €555,612 | ▲ 1.1% |
| Accrued charges and deferred income492/3 | - | - | - | €39 | - | €499 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,584 | -€16,654 | -€18,102 | -€17,051 | -€22,946 | -€26,472 | €15,008 | €14,823 | ▼ 1.2% |
| + Depreciation and write-downs630 | - | - | €330 | €1,902 | €2,568 | €2,995 | €3,163 | €4,660 | ▲ 47.3% |
| Operating cash flow (approximation) | -€18,584 | -€16,654 | -€17,773 | -€15,149 | -€20,377 | -€23,476 | €18,171 | €19,483 | ▲ 7.2% |
| Investment in fixed assets (approximation) | - | €0 | -€15,402 | -€29,013 | -€5,303 | €0 | -€2,124 | -€24,934 | ▼ 1,074% |
| Change in cash | - | €4,987 | -€187 | €7,846 | - | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.