Baro
ActiveSummary
The computed 12-month bankruptcy probability of Baro is 2.6% (moderate). The 2025 annual accounts show equity of €225,464 and a net result of €72,277. Equity is growing by ~48.4% per year across the filed fiscal years. Its solvency ranks better than 47% of 199 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+1
Solvency72▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.06 in 2024; short-term debt: 42.1% and cash: 5.7% of total assets), and 52.8% of the assets are financed with debt.
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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 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
47.2%
Return on assets
15.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
51 d early
2024
35 d early
2023
30 d late
2022
35 d early
2021
34 d early
2020
201 d late
2019
103 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 26 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% 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, micro schema
Equity
€225,464▲ 47.2%
2024 · €153,187
Total assets
€478,170▲ 23.6%
2024 · €386,896
Net result
€72,277▲ 28.1%
2024 · €56,409
Working capital
€82,155▲ 595%
2024 · €11,825
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, 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€24,536▲ 86.3%€45,689▲ 86.2%€37,598▼ 17.7%€83,476▲ 122%€99,342▲ 19.0%
Net result€15,348within the sector's middle half▲ 43.4%€33,495above the sector's middle half▲ 118%€25,155within the sector's middle half▼ 24.9%€56,409above the sector's middle half▲ 124%€72,277above the sector's middle half▲ 28.1%
Equity€43,939within the sector's middle half▲ 53.7%€71,623within the sector's middle half▲ 63.0%€96,778within the sector's middle half▲ 35.1%€153,187within the sector's middle half▲ 58.3%€225,464above the sector's middle half▲ 47.2%
Total assets€273,362within the sector's middle half▲ 103%€194,360within the sector's middle half▼ 28.9%€288,569within the sector's middle half▲ 48.5%€386,896within the sector's middle half▲ 34.1%€478,170above the sector's middle half▲ 23.6%
Debt€229,423▲ 116%€122,737▼ 46.5%€191,791▲ 56.3%€233,709▲ 21.9%€252,706▲ 8.1%
Working capital-€167,359below the sector's middle half-€25,391below the sector's middle half▲ 84.8%€4,916within the sector's middle half€11,825within the sector's middle half▲ 141%€82,155within the sector's middle half▲ 595%
Solvency16.1%within the sector's middle half▼ 5.1pp36.9%within the sector's middle half▲ 20.8pp33.5%within the sector's middle half▼ 3.3pp39.6%within the sector's middle half▲ 6.1pp47.2%within the sector's middle half▲ 7.6pp
Current ratio0.15below the sector's middle half▼ 1.760.75below the sector's middle half▲ 0.601.03below the sector's middle half▲ 0.291.06below the sector's middle half▲ 0.021.41within the sector's middle half▲ 0.35
Return on assets (ROA)5.6%within the sector's middle half▼ 2.3pp17.2%above the sector's middle half▲ 11.6pp8.7%within the sector's middle half▼ 8.5pp14.6%within the sector's middle half▲ 5.9pp15.1%within the sector's middle half▲ 0.5pp
Staff (FTE)2=2=2=2=2=
above
within
below
the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €478,170
Fixed assets
€194,912 ▲ 13.7%
Current assets
€283,257 ▲ 31.5%
Equity and liabilities €478,170
Equity
€225,464 ▲ 47.2%
Debt
€252,706 ▲ 8.1%
Debt's share of the balance-sheet total falls from 60.4% to 52.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€133,358▲
2024 · €109,627
Cash flow
€106,292▲
2024 · €82,560
Quick ratio
1.02▲
2024 · 0.66
Debt to equity
1.12▼
2024 · 1.53
ROE
32.1%▼
2024 · 36.8%
Interest coverage
19.03▲
2024 · 8.20
Debt ≤ 1 year
€201,103▼
2024 · €203,645
Debt > 1 year
€47,451▲
2024 · €26,708
Income taxes
€22,275▲
2024 · €17,173
Staff costs
€112,506▲
2024 · €105,228
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
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 26,970 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €11,638 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €63,317 | €78,048 | €86,501 | €105,228 | €112,506 | ▲ 6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,345 | €17,791 | €20,674 | €26,152 | €34,016 | ▲ 30.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,000 | -€3,000 | €0 | ▲ 100% |
| Other operating charges640/8 | €21,744 | €2,210 | €5,044 | €12,460 | €5,648 | ▼ 54.7% |
| Non-recurring operating charges66A | €0 | - | - | €824 | €1,416 | ▲ 71.9% |
| Gross operating margin9900 | €138,941 | €143,737 | €152,817 | €225,139 | €252,928 | ▲ 12.3% |
| Operating profit (loss)9901 | €24,536 | €45,689 | €37,598 | €83,476 | €99,342 | ▲ 19.0% |
| Financial income75/76B | €426 | €122 | €1,403 | €3,543 | €2,216 | ▼ 37.5% |
| Recurring financial income75 | €426 | €122 | €1,403 | €3,543 | €2,216 | ▼ 37.5% |
| Financial charges65/66B | €4,642 | €2,400 | €6,571 | €13,437 | €7,006 | ▼ 47.9% |
| Recurring financial charges65 | €4,642 | €2,400 | €6,571 | €13,372 | €7,006 | ▼ 47.6% |
| Non-recurring financial charges66B | - | - | - | €65 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €20,320 | €43,411 | €32,430 | €73,582 | €94,552 | ▲ 28.5% |
| Income taxes67/77 | €4,971 | €9,916 | €7,275 | €17,173 | €22,275 | ▲ 29.7% |
| Profit (loss) for the period9904 | €15,348 | €33,495 | €25,155 | €56,409 | €72,277 | ▲ 28.1% |
| Profit (loss) for the period to be appropriated9905 | €15,348 | €33,495 | €25,155 | €56,409 | €72,277 | ▲ 28.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €273,362 | €194,360 | €288,569 | €386,896 | €478,170 | ▲ 23.6% |
| Fixed assets21/28 | €244,456 | €119,496 | €141,045 | €171,425 | €194,912 | ▲ 13.7% |
| Tangible fixed assets22/27 | €244,456 | €119,496 | €141,045 | €171,425 | €194,912 | ▲ 13.7% |
| Land and buildings22 | €192,495 | €78,385 | €90,391 | €82,635 | €99,655 | ▲ 20.6% |
| Plant, machinery and equipment23 | €51,961 | €40,515 | €32,973 | €25,855 | €41,122 | ▲ 59.0% |
| Furniture and vehicles24 | €0 | €596 | €1,285 | €15,732 | €12,535 | ▼ 20.3% |
| Other tangible fixed assets26 | - | - | €16,396 | €47,203 | €41,601 | ▼ 11.9% |
| Current assets29/58 | €28,906 | €74,864 | €147,524 | €215,471 | €283,257 | ▲ 31.5% |
| Stocks and contracts in progress3 | - | - | €63,183 | €80,087 | €78,350 | ▼ 2.2% |
| Stocks30/36 | - | - | €63,183 | €80,087 | €78,350 | ▼ 2.2% |
| Amounts receivable within one year40/41 | €18,175 | €70,291 | €80,263 | €120,485 | €173,001 | ▲ 43.6% |
| Trade receivables40 | €17,824 | €37,068 | €42,646 | €65,627 | €112,039 | ▲ 70.7% |
| Other amounts receivable41 | €351 | €33,223 | €37,618 | €54,858 | €60,962 | ▲ 11.1% |
| Cash at bank and in hand54/58 | €8,793 | €47 | €894 | €12,741 | €27,471 | ▲ 116% |
| Deferred charges and accrued income490/1 | €1,939 | €4,527 | €3,183 | €2,158 | €4,435 | ▲ 106% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €273,362 | €194,360 | €288,569 | €386,896 | €478,170 | ▲ 23.6% |
| Equity10/15 | €43,939 | €71,623 | €96,778 | €153,187 | €225,464 | ▲ 47.2% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €25,591 | €35,128 | €68,623 | €93,778 | €150,187 | ▲ 60.2% |
| Distributable reserves133 | €25,591 | €35,128 | €68,623 | €93,778 | €150,187 | ▲ 60.2% |
| Profit (loss) carried forward14 | €15,348 | €33,495 | €25,155 | €56,409 | €72,277 | ▲ 28.1% |
| Amounts payable17/49 | €229,423 | €122,737 | €191,791 | €233,709 | €252,706 | ▲ 8.1% |
| Amounts payable after more than one year17 | €33,158 | €22,481 | €45,456 | €26,708 | €47,451 | ▲ 77.7% |
| Financial debts170/4 | €33,158 | €22,481 | €45,456 | €26,708 | €47,451 | ▲ 77.7% |
| Amounts payable within one year42/48 | €196,265 | €100,256 | €142,607 | €203,645 | €201,103 | ▼ 1.2% |
| Current portion of amounts payable after more than one year42 | €12,553 | €10,677 | €17,929 | €18,748 | €19,057 | ▲ 1.6% |
| Financial debts43 | - | €16,000 | €5,421 | €25,000 | €30,000 | ▲ 20.0% |
| Credit institutions430/8 | - | €16,000 | €5,421 | €25,000 | €30,000 | ▲ 20.0% |
| Trade debts44 | €53,843 | €60,495 | €113,330 | €157,442 | €140,335 | ▼ 10.9% |
| Suppliers440/4 | €53,843 | €60,495 | €113,330 | €157,442 | €140,335 | ▼ 10.9% |
| Taxes, remuneration and social security45 | €22,044 | €13,084 | €5,927 | €2,456 | €11,711 | ▲ 377% |
| Taxes450/3 | €10,575 | €10,284 | €0 | €42 | €3,845 | ▲ 9,019% |
| Remuneration and social security454/9 | €11,468 | €2,800 | €5,927 | €2,414 | €7,867 | ▲ 226% |
| Other amounts payable47/48 | €107,825 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €3,728 | €3,356 | €4,152 | ▲ 23.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,348 | €33,495 | €25,155 | €56,409 | €72,277 | ▲ 28.1% |
| + Depreciation and write-downs630 | €29,345 | €17,791 | €20,674 | €26,152 | €34,016 | ▲ 30.1% |
| Operating cash flow (approximation) | €44,693 | €51,286 | €45,828 | €82,560 | €106,292 | ▲ 28.7% |
| Investment in fixed assets (approximation) | - | €107,169 | -€42,223 | -€56,531 | -€57,503 | ▼ 1.7% |
| Change in cash | - | -€8,746 | €848 | €11,847 | €14,730 | ▲ 24.3% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €72,277 ▲28.1%
Operating result €99,342, net result €72,277, both a record.
31-12
Financial
Equity above €200,000Eq €225,464 ▲47.2%
7 profitable years in a row build equity to €225,464.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €153,187 ▲58.3%
6 profitable years in a row build equity to €153,187.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 201 days late
2020
31-12
Financial
Weakest financial yearnet €10,706 ▼44.4%
Net result drops to €10,706, the lowest in the series; recovery starts the following year.
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 103 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, Lanaken · 2 establishment units since 2019
Ground area
3,818 m²
Building footprint
1,455 m²
Volume, LiDAR
10,026 m³
2 parcels, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Baro
since 20192.291.652.714
Baro
since 20232.359.998.716
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73042C0235/00E000 | Flanders | 3,352 m² | 1 · 1,045 m² | 9.6 m · 3 fl. |
| 73322E0362/00N000 | Flanders | 466 m² | 1 · 410 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 263 companies in sector 27110 we hold annual accounts for 173. 120 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
Founded24-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
27110Manufacture of electrical equipment
29100Manufacture of motor vehicles, trailers and semi-trailers
Contact
E-mail
info@baro-tec.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728789605
Also
9925:BE0728789605
Registered
30-10-2023
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.