BARO SYSTEMS
ActiveSummary
BARO SYSTEMS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€25,812) and a net result of €12. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 17220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+38
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.21 in 2024; short-term debt: 346.1% of total assets), and equity is negative.
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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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
-247.1%
Return on assets
0.1%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 17220 sector peers (2025).
NBB · sector comparisonPosition among 17220 sector peers
Solvency
better than 5%
← 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 30-08-2026, 30 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
30 d late
2024
6 d early
2023
on the day
2022
70 d late
2021
2 d early
2020
8 d early
2019
39 d early
← 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 6 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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. Usually files around 1 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
-€25,812=
2024 · -€25,825
Total assets
€10,445▲ 52.5%
2024 · €6,849
Net result
€12
2024 · -€1,689
Working capital
-€25,708▲ 0.5%
2024 · -€25,825
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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-€3,366-€3,767▼ 11.9%-€4,168▼ 10.6%-€1,573▲ 62.3%€250
Net result-€3,482below the sector's middle half-€3,988below the sector's middle half▼ 14.5%-€4,398below the sector's middle half▼ 10.3%-€1,689below the sector's middle half▲ 61.6%€12below the sector's middle half
Equity-€15,750below the sector's middle half▼ 28.4%-€19,738below the sector's middle half▼ 25.3%-€24,136below the sector's middle half▼ 22.3%-€25,825below the sector's middle half▼ 7.0%-€25,812below the sector's middle half=
Total assets€5,342below the sector's middle half▼ 18.9%€5,618below the sector's middle half▲ 5.2%€4,485below the sector's middle half▼ 20.2%€6,849below the sector's middle half▲ 52.7%€10,445below the sector's middle half▲ 52.5%
Debt€21,092▲ 11.9%€25,356▲ 20.2%€28,621▲ 12.9%€32,673▲ 14.2%€36,257▲ 11.0%
Working capital-€15,750below the sector's middle half▼ 30.2%-€19,738below the sector's middle half▼ 25.3%-€24,136below the sector's middle half▼ 22.3%-€25,825below the sector's middle half▼ 7.0%-€25,708below the sector's middle half▲ 0.5%
Solvency-294.8%below the sector's middle half▼ 108.5pp-351.3%below the sector's middle half▼ 56.5pp-377.1%below the sector's middle half-247.1%below the sector's middle half▲ 129.9pp
Current ratio0.25below the sector's middle half▼ 0.100.22below the sector's middle half▼ 0.030.21below the sector's middle half0.29below the sector's middle half▲ 0.08
Return on assets (ROA)-65.2%below the sector's middle half▼ 136.0pp-71.0%below the sector's middle half▼ 5.8pp-24.7%below the sector's middle half0.1%below the sector's middle half▲ 24.8pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €250 after a loss of €1,573 in 2024, the highest result in the available series.
Key figures and ratios
Quick ratio
0.26▲
2024 · 0.17
Debt to equity
-1.40▼
2024 · -1.27
Debt ≤ 1 year
€36,153▲
2024 · €32,673
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94%
still going
A further 0.1% 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 497,338 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% | 1.9% |
| 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 1,379 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 | €101 | €450 | €519 | €505 | €120 | ▼ 76.3% |
| Gross operating margin9900 | -€3,265 | -€3,317 | -€3,648 | -€1,068 | €370 | ▲ 135% |
| Operating profit (loss)9901 | -€3,366 | -€3,767 | -€4,168 | -€1,573 | €250 | ▲ 116% |
| Financial income75/76B | €13 | €0 | €0 | €116 | €2 | ▼ 98.4% |
| Recurring financial income75 | €13 | €0 | €0 | €116 | €2 | ▼ 98.4% |
| Financial charges65/66B | €130 | €221 | €231 | €231 | €240 | ▲ 3.6% |
| Recurring financial charges65 | €130 | €221 | €231 | €231 | €240 | ▲ 3.6% |
| Profit (loss) for the period before taxes9903 | -€3,482 | -€3,988 | -€4,398 | -€1,689 | €12 | ▲ 101% |
| Profit (loss) for the period9904 | -€3,482 | -€3,988 | -€4,398 | -€1,689 | €12 | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | -€3,482 | -€3,988 | -€4,398 | -€1,689 | €12 | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5,342 | €5,618 | €4,485 | €6,849 | €10,445 | ▲ 52.5% |
| Current assets29/58 | €5,342 | €5,618 | €4,485 | €6,849 | €10,445 | ▲ 52.5% |
| Stocks and contracts in progress3 | €1,196 | €796 | €1,067 | €1,412 | €1,222 | ▼ 13.4% |
| Stocks30/36 | €1,196 | €796 | €1,067 | €1,412 | €1,222 | ▼ 13.4% |
| Amounts receivable within one year40/41 | €4,146 | €4,723 | €3,418 | €5,437 | €9,223 | ▲ 69.6% |
| Trade receivables40 | €1,960 | €2,083 | €812 | €1,131 | €2,127 | ▲ 88.1% |
| Other amounts receivable41 | €2,186 | €2,640 | €2,606 | €4,306 | €7,096 | ▲ 64.8% |
| Cash at bank and in hand54/58 | €0 | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €98 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5,342 | €5,618 | €4,485 | €6,849 | €10,445 | ▲ 52.5% |
| Equity10/15 | -€15,750 | -€19,738 | -€24,136 | -€25,825 | -€25,812 | = |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €196 | €196 | €196 | €196 | €196 | = |
| Non-distributable reserves130/1 | €196 | €196 | €196 | €196 | €196 | = |
| Reserves not available under the articles1311 | €196 | €196 | €196 | €196 | €196 | = |
| Profit (loss) carried forward14 | -€34,546 | -€38,534 | -€42,932 | -€44,621 | -€44,609 | = |
| Amounts payable17/49 | €21,092 | €25,356 | €28,621 | €32,673 | €36,257 | ▲ 11.0% |
| Amounts payable within one year42/48 | €21,092 | €25,356 | €28,621 | €32,673 | €36,153 | ▲ 10.7% |
| Financial debts43 | €698 | €516 | €286 | €536 | €358 | ▼ 33.3% |
| Credit institutions430/8 | €698 | €516 | €286 | €536 | €358 | ▼ 33.3% |
| Trade debts44 | €3,740 | €4,093 | €3,534 | €2,019 | €2,668 | ▲ 32.1% |
| Suppliers440/4 | €3,740 | €4,093 | €3,534 | €2,019 | €2,668 | ▲ 32.1% |
| Taxes, remuneration and social security45 | €7,213 | €6,762 | €6,866 | €7,204 | €6,987 | ▼ 3.0% |
| Taxes450/3 | €451 | €0 | €104 | €442 | €225 | ▼ 49.2% |
| Remuneration and social security454/9 | €6,762 | €6,762 | €6,762 | €6,762 | €6,762 | = |
| Other amounts payable47/48 | €9,441 | €13,986 | €17,936 | €22,914 | €26,141 | ▲ 14.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €104 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,482 | -€3,988 | -€4,398 | -€1,689 | €12 | ▲ 101% |
| Operating cash flow (approximation) | -€3,482 | -€3,988 | -€4,398 | -€1,689 | €12 | ▲ 101% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Back to profitnet €12
Net result €12 after 4 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4,662
Net result €4,662 after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Kapellen · 1 establishment unit since 2010
Ground area
438 m²
Building footprint
108 m²
Volume, LiDAR
685 m³
Parcel 11902F0019/00P000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
TotalCare ICT
since 20102.193.674.596
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902F0019/00P000 | Flanders | 437 m² | 1 · 107 m² | 10.8 m · 3 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.
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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 30,009 companies in sector 62200 we hold annual accounts for 18,399. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831373340
Registered
21-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.