BAROM
ActiveSummary
The computed 12-month bankruptcy probability of BAROM is 2.3% (moderate). The 2024 annual accounts show equity of €23k and a net result of €8k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 72% of 5893 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+18
Solvency88▲+15
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 0.89 in 2023; short-term debt: 36.9% and cash: 42.2% of total assets), and 36.9% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% 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 2024Solvency, return and age of the figures
Solvency
63.1%
Return on assets
22.1%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €23k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
44 d early
2022
46 d early
2021
48 d early
2020
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€23k▲ 53.7%
2023 · €15k
Total assets
€36k▲ 16.7%
2023 · €31k
Net result
€8k▲ 249%
2023 · €2k
Working capital
€13k
2023 · €-2k
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
Line20202021202220232024
Operating result€15k-€14k▼ 4.3%€-12k€4k€11k▲ 182%
Net result€9k-€8k▼ 13.5%€-14k€2k€8k▲ 249%
Equity€19k-€27k▲ 41.1%€12k▼ 53.7%€15k▲ 18.2%€23k▲ 53.7%
Total assets€195k-€76k▼ 60.9%€39k▼ 49.3%€31k▼ 20.4%€36k▲ 16.7%
Debt€176k-€49k▼ 72.0%€26k▼ 46.9%€16k▼ 38.8%€13k▼ 17.4%
Working capital€-8k-€14k€6k▼ 59.4%€-2k€13k
Staff (FTE)1.7-1.1▼ 35.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 182% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36k
Fixed assets
€9k ▼ 43.5%
Current assets
€27k ▲ 85.7%
Equity and liabilities €36k
Equity
€23k ▲ 53.7%
Debt
€13k ▼ 17.4%
Debt's share of the balance-sheet total falls from 52.1% to 36.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▲
2023 · €11k
Cash flow
€15k▲
2023 · €9k
Current ratio
2.01▲
2023 · 0.89
Quick ratio
1.78▲
2023 · 0.71
Debt to equity
0.58▼
2023 · 1.09
ROE
35.0%▲
2023 · 15.4%
ROA
22.1%▲
2023 · 7.4%
Interest coverage
138.79▲
2023 · 37.09
Debt ≤ 1 year
€13k▼
2023 · €16k
Income taxes
€3k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €19k | €727 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €13k | €12k | €7k | €7k | ▼ 0.9% |
| Other operating charges640/8 | - | €918 | €478 | €998 | €991 | ▼ 0.7% |
| Non-recurring operating charges66A | - | €2k | €18k | €0 | - | - |
| Gross operating margin9900 | €98k | €49k | €19k | €12k | €19k | ▲ 57.8% |
| Operating profit (loss)9901 | €15k | €14k | €-12k | €4k | €11k | ▲ 182% |
| Financial income75/76B | - | €987 | €63 | €131 | €223 | ▲ 70.7% |
| Recurring financial income75 | - | €987 | €63 | €131 | €223 | ▲ 70.7% |
| Financial charges65/66B | - | €5k | €1k | €298 | €130 | ▼ 56.4% |
| Recurring financial charges65 | €2k | €5k | €1k | €298 | €130 | ▼ 56.4% |
| Profit (loss) for the period before taxes9903 | €12k | €10k | €-14k | €4k | €11k | ▲ 197% |
| Income taxes67/77 | €3k | €2k | €839 | €1k | €3k | ▲ 116% |
| Profit (loss) for the period9904 | €9k | €8k | €-14k | €2k | €8k | ▲ 249% |
| Profit (loss) for the period to be appropriated9905 | €9k | €8k | €-14k | €2k | €8k | ▲ 249% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €195k | €76k | €39k | €31k | €36k | ▲ 16.7% |
| Fixed assets21/28 | €81k | €27k | €14k | €16k | €9k | ▼ 43.5% |
| Tangible fixed assets22/27 | €81k | €27k | €14k | €16k | €9k | ▼ 43.5% |
| Land and buildings22 | - | - | - | €10k | €9k | ▼ 6.7% |
| Plant, machinery and equipment23 | - | €6k | €2k | €472 | €65 | ▼ 86.3% |
| Furniture and vehicles24 | - | €3k | - | - | - | - |
| Leasing and similar rights25 | - | €18k | €12k | €6k | €0 | ▼ 100% |
| Current assets29/58 | €113k | €49k | €25k | €14k | €27k | ▲ 85.7% |
| Stocks and contracts in progress3 | €9k | €5k | €3k | €3k | €3k | ▲ 6.0% |
| Stocks30/36 | - | €5k | €3k | €3k | €3k | ▲ 6.0% |
| Amounts receivable within one year40/41 | €82k | €44k | €4k | €6k | €8k | ▲ 33.0% |
| Trade receivables40 | - | €37k | €2k | €4k | €7k | ▲ 81.8% |
| Other amounts receivable41 | - | €7k | €3k | €2k | €1,000 | ▼ 55.4% |
| Cash at bank and in hand54/58 | €15k | - | €18k | €5k | €15k | ▲ 196% |
| Deferred charges and accrued income490/1 | - | €206 | €200 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €195k | €76k | €39k | €31k | €36k | ▲ 16.7% |
| Equity10/15 | €19k | €27k | €12k | €15k | €23k | ▲ 53.7% |
| Contributions10/11 | - | €10k | €10k | €10k | €10k | = |
| Reserves13 | €9k | €17k | €17k | €17k | €17k | = |
| Distributable reserves133 | - | €17k | €17k | €17k | €17k | = |
| Profit (loss) carried forward14 | - | - | €-14k | €-12k | €-4k | ▲ 64.8% |
| Amounts payable17/49 | €176k | €49k | €26k | €16k | €13k | ▼ 17.4% |
| Amounts payable after more than one year17 | €51k | €13k | €6k | €0 | - | - |
| Financial debts170/4 | - | €13k | €6k | €0 | - | - |
| Amounts payable within one year42/48 | €121k | €36k | €19k | €16k | €13k | ▼ 17.4% |
| Current portion of amounts payable after more than one year42 | - | €9k | €6k | €6k | €0 | ▼ 100% |
| Financial debts43 | - | €2k | - | - | - | - |
| Credit institutions430/8 | - | €2k | - | - | - | - |
| Trade debts44 | €68k | €10k | €2k | €2k | €4k | ▲ 89.7% |
| Suppliers440/4 | - | €10k | €2k | €2k | €4k | ▲ 89.7% |
| Taxes, remuneration and social security45 | - | €9k | €839 | €5k | €5k | ▲ 0.7% |
| Taxes450/3 | - | €7k | €839 | €5k | €5k | ▲ 0.7% |
| Remuneration and social security454/9 | - | €2k | - | - | - | - |
| Other amounts payable47/48 | - | €6k | €10k | €3k | €4k | ▲ 58.9% |
| Accrued charges and deferred income492/3 | - | €645 | €312 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €8k | €-14k | €2k | €8k | ▲ 249% |
| + Depreciation and write-downs630 | €23k | €13k | €12k | €7k | €7k | ▼ 0.9% |
| Operating cash flow (approximation) | €32k | €21k | €-2k | €9k | €15k | ▲ 59.0% |
| Investment in fixed assets (approximation) | - | €42k | €987 | €-10k | €0 | ▲ 100% |
| Change in cash | - | - | - | €-13k | €10k | ▲ 179% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.01
Current ratio from 0.89 to 2.01; short-term debt falls from €16k to €13k.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Rijkevorsel · 1 establishment unit since 2020
Ground area
1,024 m²
Building footprint
121 m²
Volume, LiDAR
803 m³
Parcel 13037H0192/00L002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BAROM
since 20202.299.880.490
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13037H0192/00L002 | Flanders | 1,024 m² | 1 · 121 m² | 9.3 m · 2 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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Of 21,222 companies in sector 81300 we hold annual accounts for 4,363. 3,211 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
Founded03-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
43990Other specialised construction activities
47761Retail sale of flowers, plants, seeds and fertilisers
71113Urban planning and landscape architecture
Contact
Website
www.barom.beRijkevorsel
Scores and ratios are computed by Checked and are not a credit decision.