Baron Engineering
ActiveBaron Engineering has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €54k. Equity is growing by ~57.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 12989 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 4.37 against 7.95 in 2024), and 20.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
79.9%
Return on assets
35.5%
Age of the figures
8 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
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
31 d early
2023
19 d early
2022
39 d early
2021
37 d early
2020
29 d early
2019
15 d early
← before the deadline
after the deadline →
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
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€122k▲ 79.9%
2024 · €68k
2018: €-10k
2019: €-4k
2020: €12k
2021: €20k
2022: €30k
2023: €50k
2024: €68k
2018 → 2025
Total assets
€153k▲ 96.9%
2024 · €78k
2018: €9k
2019: €19k
2020: €27k
2021: €34k
2022: €45k
2023: €78k
2024: €78k
2018 → 2025
Net result
€54k▲ 201%
2024 · €18k
2018: €357
2019: €6k
2020: €16k
2021: €8k
2022: €11k
2023: €7k
2024: €18k
2018 → 2025
Working capital
€103k▲ 52.8%
2024 · €68k
2018: €-10k
2019: €-1k
2020: €11k
2021: €12k
2022: €23k
2023: €49k
2024: €68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€30k▲ 54.2%€50k▲ 64.9%€68k▲ 36.1%€122k▲ 79.9%
Operating result€9k-€15k▲ 71.9%€9k▼ 38.8%€22k▲ 138%€79k▲ 253%
Net result€8k-€11k▲ 34.2%€7k▼ 32.0%€18k▲ 149%€54k▲ 201%
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 253% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153k
Fixed assets
€19k▲ 7,410%
Current assets
€134k▲ 73.2%
Equity and liabilities €153k
Equity
€122k▲ 79.9%
Debt
€31k▲ 215%
The debt ratio rises from 12.5% to 20.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€81k▲
2024 · €23k
Cash flow
€57k▲
2024 · €18k
Solvency
79.9%▼
2024 · 87.5%
Current ratio
4.37▼
2024 · 7.95
Quick ratio
3.85▼
2024 · 6.52
Debt / equity
0.25▲
2024 · 0.14
ROE
44.4%▲
2024 · 26.5%
ROA
35.5%▲
2024 · 23.2%
Interest coverage
31.07▲
2024 · 10.35
Debt
€31k▲
2024 · €10k
Debt ≤ 1 year
€31k▲
2024 · €10k
Income taxes
€20k▲
2024 · €5k
Staff costs
€1k▲
2024 · €734
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€78k€153k▲
Fixed assets21/28€250€19k▲
Tangible fixed assets22/27-€19k
Plant, machinery and equipment23-€853
Furniture and vehicles24-€18k
Financial fixed assets28€250€250=
Current assets29/58€77k€134k▲
Stocks and contracts in progress3€14k€16k▲
Stocks30/36€14k€16k▲
Amounts receivable within one year40/41-€68k
Trade receivables40-€2k
Other amounts receivable41-€67k
Cash at bank and in hand54/58€63k€50k▼
Equity and liabilities
Total equity and liabilities10/49€78k€153k▲
Equity10/15€68k€122k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€47k€102k▲
Amounts payable17/49€10k€31k▲
Amounts payable within one year42/48€10k€31k▲
Trade debts44€1k€6k▲
Suppliers440/4€1k€6k▲
Taxes, remuneration and social security45€8k€24k▲
Taxes450/3€8k€24k▲
Income statement
Code20242025
Remuneration, social security and pensions62€734€1k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€230€2k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€28k€88k▲
Operating profit (loss)9901€22k€79k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€3k▲
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€23k€75k▲
Income taxes67/77€5k€20k▲
Profit (loss) for the period9904€18k€54k▲
Profit (loss) for the period to be appropriated9905€18k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€102k▲
Profit (loss) brought forward from the previous period14P€29k€47k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €54k ▲201%
Operating result €79k, net result €54k, both a record.
31-12
Financial
Equity above €100kEq €122k ▲79.9%
8 profitable years in a row build equity to €122k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 7.95
Current ratio from 2.74 to 7.95; short-term debt falls from €28k to €10k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 35 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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
1 director, last change in 2024
KORKMAZ Fevzi
CurrentDirector · since 02-01-2024
02-01-2024
Resigned as Director
02-01-2024
Appointed as Director
Not every act has been read: a resignation may be missing here
3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2017
Ground area
296 m²
Building footprint
123 m²
Volume, LiDAR
805 m³
Parcel 11383B0333/00G000, Flanders · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nello's
since 20172.264.059.380
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11383B0333/00G000 | Flanders | 296 m² | 1 · 123 m² | 13.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 20,235 companies in sector 56111 we hold annual accounts for 11,309. 9,233 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-2015
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.