BART AERTS
ActiveSummary
BART AERTS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215k and a net result of €42k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.85 against 2.6 in 2024; short-term debt: 13.8% and cash: 37.8% of total assets), and 13.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← 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
86.2%
Return on assets
16.9%
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
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
29 d early
2023
29 d early
2022
34 d early
2021
33 d early
2020
32 d early
2019
24 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€215k▲ 12.1%
2024 · €192k
2018: €126k
2019: €141k▲ +11.4% vs 2018
2020: €133k▼ -5.1% vs 2019
2021: €112k▼ -16.2% vs 2020lowest in 8 years
2022: €131k▲ +17.0% vs 2021
2023: €157k▲ +19.9% vs 2022
2024: €192k▲ +22.1% vs 2023
2025: €215k▲ +12.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€249k▲ 6.6%
2024 · €234k
2018: €164klowest in 8 years
2019: €238k▲ +45.1% vs 2018
2020: €252k▲ +5.7% vs 2019highest in 8 years
2021: €226k▼ -10.1% vs 2020
2022: €218k▼ -3.5% vs 2021
2023: €211k▼ -3.4% vs 2022
2024: €234k▲ +10.8% vs 2023
2025: €249k▲ +6.6% vs 2024
2018 → 2025
Net result
€42k▼ 13.2%
2024 · €49k
2018: €3klowest in 8 years
2019: €14k▲ +379% vs 2018
2020: €20k▲ +37.7% vs 2019
2021: €31k▲ +58.4% vs 2020
2022: €41k▲ +30.6% vs 2021
2023: €52k▲ +26.8% vs 2022highest in 8 years
2024: €49k▼ -6.5% vs 2023
2025: €42k▼ -13.2% vs 2024
2018 → 2025
Working capital
€98k▲ 52.0%
2024 · €65k
2018: €82k
2019: €92k▲ +12.1% vs 2018
2020: €73k▼ -21.3% vs 2019
2021: €53k▼ -27.5% vs 2020lowest in 8 years
2022: €62k▲ +18.6% vs 2021
2023: €81k▲ +30.2% vs 2022
2024: €65k▼ -20.6% vs 2023
2025: €98k▲ +52.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€112k-€131k▲ 17.0%€157k▲ 19.9%€192k▲ 22.1%€215k▲ 12.1%
2021: €112klowest in 5 years
2022: €131k▲ +17.0% vs 2021
2023: €157k▲ +19.9% vs 2022
2024: €192k▲ +22.1% vs 2023
2025: €215k▲ +12.1% vs 2024highest in 5 years
Operating result€45k-€58k▲ 28.7%€74k▲ 27.5%€69k▼ 7.0%€60k▼ 13.1%
2021: €45klowest in 5 years
2022: €58k▲ +28.7% vs 2021
2023: €74k▲ +27.5% vs 2022highest in 5 years
2024: €69k▼ -7.0% vs 2023
2025: €60k▼ -13.1% vs 2024
Net result€31k-€41k▲ 30.6%€52k▲ 26.8%€49k▼ 6.5%€42k▼ 13.2%
2021: €31klowest in 5 years
2022: €41k▲ +30.6% vs 2021
2023: €52k▲ +26.8% vs 2022highest in 5 years
2024: €49k▼ -6.5% vs 2023
2025: €42k▼ -13.2% vs 2024
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 has fallen two years in a row; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €249k
Fixed assets
€117k ▼ 9.5%
Current assets
€133k ▲ 26.3%
Equity and liabilities €249k
Equity
€215k ▲ 12.1%
Debt
€34k ▼ 18.6%
Debt's share of the balance-sheet total falls from 18.1% to 13.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100k▼
2024 · €106k
Cash flow
€83k▼
2024 · €86k
Current ratio
3.85▲
2024 · 2.60
Debt to equity
0.16▼
2024 · 0.22
ROE
19.6%▼
2024 · 25.4%
ROA
16.9%▼
2024 · 20.8%
Interest coverage
499.93▼
2024 · 652.73
Debt ≤ 1 year
€34k▼
2024 · €40k
Debt > 1 year
€0▼
2024 · €2k
Income taxes
€18k▼
2024 · €20k
Staff costs
€45k▲
2024 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€234k€249k▲
Fixed assets21/28€129k€117k▼
Tangible fixed assets22/27€129k€117k▼
Plant, machinery and equipment23€34k€38k▲
Furniture and vehicles24€95k€56k▼
Leasing and similar rights25-€23k
Current assets29/58€105k€133k▲
Amounts receivable within one year40/41€46k€33k▼
Trade receivables40€35k€17k▼
Other amounts receivable41€11k€16k▲
Cash at bank and in hand54/58€54k€94k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€234k€249k▲
Equity10/15€192k€215k▲
Reserves13€192k€215k▲
Distributable reserves133€192k€215k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€42k€34k▼
Amounts payable after more than one year17€2k€0▼
Other amounts payable178/9€2k€0▼
Amounts payable within one year42/48€40k€34k▼
Trade debts44€18k€5k▼
Suppliers440/4€18k€5k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€6k€8k▲
Other amounts payable47/48€14k€19k▲
Accrued charges and deferred income492/3€315€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€43k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€41k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€153k€150k▼
Operating profit (loss)9901€69k€60k▼
Financial income75/76B€118€505▲
Recurring financial income75€118€505▲
Financial charges65/66B€162€201▲
Recurring financial charges65€162€201▲
Profit (loss) for the period before taxes9903€69k€60k▼
Income taxes67/77€20k€18k▼
Profit (loss) for the period9904€49k€42k▼
Profit (loss) for the period to be appropriated9905€49k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€42k▼
Transfer from equity791/2€14k€19k▲
Transfer to equity691/2€49k€42k▼
To other reserves6921€49k€42k▼
Profit to be distributed694/7€14k€19k▲
Return on contributions (dividend)694€14k€19k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €34k | €36k | €41k | €43k | €45k | ▲ 6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €32k | €34k | €37k | €41k | ▲ 9.7% |
| Other operating charges640/8 | €4k | €6k | €3k | €5k | €4k | ▼ 18.7% |
| Gross operating margin9900 | €114k | €131k | €153k | €153k | €150k | ▼ 2.3% |
| Operating profit (loss)9901 | €45k | €58k | €74k | €69k | €60k | ▼ 13.1% |
| Financial income75/76B | - | €29 | €0 | €118 | €505 | ▲ 327% |
| Recurring financial income75 | - | €29 | €0 | €118 | €505 | ▲ 327% |
| Financial charges65/66B | €531 | €377 | €223 | €162 | €201 | ▲ 23.9% |
| Recurring financial charges65 | €531 | €377 | €223 | €162 | €201 | ▲ 23.9% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €45k | €58k | €74k | €69k | €60k | ▼ 12.6% |
| Income taxes67/77 | €13k | €17k | €22k | €20k | €18k | ▼ 11.1% |
| Profit (loss) for the period9904 | €31k | €41k | €52k | €49k | €42k | ▼ 13.2% |
| Profit (loss) for the period to be appropriated9905 | €31k | €41k | €52k | €49k | €42k | ▼ 13.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €226k | €218k | €211k | €234k | €249k | ▲ 6.6% |
| Fixed assets21/28 | €75k | €69k | €78k | €129k | €117k | ▼ 9.5% |
| Tangible fixed assets22/27 | €75k | €69k | €78k | €129k | €117k | ▼ 9.5% |
| Plant, machinery and equipment23 | €25k | €19k | €12k | €34k | €38k | ▲ 11.1% |
| Furniture and vehicles24 | €50k | €49k | €67k | €95k | €56k | ▼ 41.3% |
| Leasing and similar rights25 | - | - | - | - | €23k | - |
| Current assets29/58 | €152k | €150k | €133k | €105k | €133k | ▲ 26.3% |
| Amounts receivable within one year40/41 | €42k | €46k | €29k | €46k | €33k | ▼ 28.1% |
| Trade receivables40 | €35k | €37k | €22k | €35k | €17k | ▼ 50.9% |
| Other amounts receivable41 | €7k | €9k | €7k | €11k | €16k | ▲ 45.7% |
| Cash at bank and in hand54/58 | €106k | €99k | €99k | €54k | €94k | ▲ 74.1% |
| Deferred charges and accrued income490/1 | €4k | €4k | €5k | €5k | €5k | ▲ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €226k | €218k | €211k | €234k | €249k | ▲ 6.6% |
| Equity10/15 | €112k | €131k | €157k | €192k | €215k | ▲ 12.1% |
| Contributions10/11 | €12k | €12k | €0 | - | - | - |
| Reserves13 | €99k | €119k | €157k | €192k | €215k | ▲ 12.1% |
| Non-distributable reserves130/1 | €2k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €0 | - | - | - | - |
| Distributable reserves133 | €98k | €119k | €157k | €192k | €215k | ▲ 12.1% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €115k | €88k | €54k | €42k | €34k | ▼ 18.6% |
| Amounts payable after more than one year17 | €15k | €0 | €2k | €2k | €0 | ▼ 100% |
| Financial debts170/4 | €15k | €0 | - | - | - | - |
| Other amounts payable178/9 | - | - | €2k | €2k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €99k | €87k | €51k | €40k | €34k | ▼ 14.8% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | €0 | - | - | - |
| Trade debts44 | €16k | €37k | €17k | €18k | €5k | ▼ 73.5% |
| Suppliers440/4 | €16k | €37k | €17k | €18k | €5k | ▼ 73.5% |
| Advances received on contracts in progress46 | - | - | €540 | €0 | - | - |
| Taxes, remuneration and social security45 | €7k | €8k | €7k | €9k | €11k | ▲ 24.7% |
| Taxes450/3 | €2k | €2k | €2k | €2k | €3k | ▲ 31.4% |
| Remuneration and social security454/9 | €5k | €6k | €5k | €6k | €8k | ▲ 22.5% |
| Other amounts payable47/48 | €61k | €27k | €27k | €14k | €19k | ▲ 35.7% |
| Accrued charges and deferred income492/3 | €285 | €285 | €315 | €315 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €41k | €52k | €49k | €42k | ▼ 13.2% |
| + Depreciation and write-downs630 | €31k | €32k | €34k | €37k | €41k | ▲ 9.7% |
| Operating cash flow (approximation) | €63k | €73k | €86k | €86k | €83k | ▼ 3.3% |
| Investment in fixed assets (approximation) | - | €-26k | €-44k | €-88k | €-28k | ▲ 67.6% |
| Change in cash | - | €-7k | €-162 | €-45k | €40k | ▲ 190% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Equity above €200kEq €215k ▲12.1%
8 profitable years in a row build equity to €215k.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €52k ▲26.8%
Operating result €74k, net result €52k, both a record.
31-12
Financial
Equity above €150kEq €157k ▲19.9%
6 profitable years in a row build equity to €157k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Ravels · 1 establishment unit since 2013
Ground area
1,117 m²
Building footprint
155 m²
Volume, LiDAR
765 m³
Parcel 13035B0304/00W002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BART AERTS
since 20132.215.923.329
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13035B0304/00W002 | Flanders | 1,117 m² | 1 · 155 m² | 9.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 14,811 EUR awarded · 14,922 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 1,774 EUR | 1,774 EUR |
| 2023 | 2 | 6,959 EUR | 7,070 EUR |
| 2022 | 1 | 6,078 EUR | 6,078 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
TKZ DROOMTUINEN
BE 0889.820.491
Tessenderlo-Ham · Eq €214,903
Tuinen Goovaerts
BE 0459.056.458
Bornem · Eq €214,790
BOS- EN TUINWERKEN SCHEPENS
BE 0804.439.410
Bree · Eq €214,715
Kristof Vanderheyden Tuin Design
BE 0723.603.568
Oudenaarde · Eq €215,019
Tuinconcept-Mertens
BE 0745.479.147
Kortenaken · Eq €215,086
Of 21,222 companies in sector 81300 we hold annual accounts for 4,363. 3,354 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
Founded11-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.