BART BINA
ActiveSummary
BART BINA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116,576 and a net result of -€3,082. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-73
Solvency79▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.06 against 2.42 in 2024; short-term debt: 46.1% and cash: 6.8% of total assets), and 46.1% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
110 d late
2023
65 d late
2022
21 d late
2021
45 d early
2020
40 d early
2019
16 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 10 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 21 August (4 of the last 5 filed years within 66 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
2023 · €0
Total assets
€216,321▲ 7.0%
2024 · €202,164
Net result
-€3,082
2024 · €35,702
Working capital
€105,465▼ 9.8%
2024 · €116,884
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Turnover€0€0
Operating result€3,809▼ 90.7%€7,543▲ 98.0%€4,801▼ 36.3%€51,883▲ 981%-€3,025
Net result€3,470within the sector's middle half▼ 86.9%€5,688within the sector's middle half▲ 63.9%€549within the sector's middle half▼ 90.3%€35,702above the sector's middle half▲ 6,401%-€3,082below the sector's middle half
Equity€77,719within the sector's middle half▲ 4.7%€83,407within the sector's middle half▲ 7.3%€83,956within the sector's middle half▲ 0.7%€119,658within the sector's middle half▲ 42.5%€116,576within the sector's middle half▼ 2.6%
Total assets€107,194within the sector's middle half▼ 5.8%€119,391within the sector's middle half▲ 11.4%€267,923within the sector's middle half▲ 124%€202,164within the sector's middle half▼ 24.5%€216,321within the sector's middle half▲ 7.0%
Debt€29,475▼ 25.5%€35,984▲ 22.1%€183,967▲ 411%€82,507▼ 55.2%€99,744▲ 20.9%
Working capital€55,178within the sector's middle half▲ 21.2%€72,701within the sector's middle half▲ 31.8%€78,352within the sector's middle half▲ 7.8%€116,884above the sector's middle half▲ 49.2%€105,465above the sector's middle half▼ 9.8%
Solvency72.5%above the sector's middle half▲ 7.3pp69.9%above the sector's middle half▼ 2.6pp31.3%within the sector's middle half▼ 38.5pp59.2%within the sector's middle half▲ 27.9pp53.9%within the sector's middle half▼ 5.3pp
Current ratio2.87within the sector's middle half▲ 0.693.02within the sector's middle half▲ 0.151.43within the sector's middle half▼ 1.592.42within the sector's middle half▲ 0.992.06within the sector's middle half▼ 0.36
Return on assets (ROA)3.2%within the sector's middle half▼ 20.0pp4.8%within the sector's middle half▲ 1.5pp0.2%below the sector's middle half▼ 4.6pp17.7%above the sector's middle half▲ 17.5pp-1.4%below the sector's middle half▼ 19.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
The operating result turns negative in 2025: a loss of €3,025 after €51,883 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216,321
Fixed assets
€11,111 ▲ 301%
Current assets
€205,210 ▲ 2.9%
Equity and liabilities €216,321
Equity
€116,576 ▼ 2.6%
Debt
€99,744 ▲ 20.9%
Debt's share of the balance-sheet total rises from 40.8% to 46.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€83▼
2024 · €54,713
Cash flow
€26▼
2024 · €38,532
Quick ratio
1.69▼
2024 · 1.93
Debt to equity
0.86▲
2024 · 0.69
ROE
-2.6%▼
2024 · 29.8%
Interest coverage
0.08▼
2024 · 38.26
Debt ≤ 1 year
€99,744▲
2024 · €82,507
Income taxes
€2▼
2024 · €14,765
Staff costs
€0=
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
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 6,910 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0 | - | €0 | - |
| Remuneration, social security and pensions62 | - | - | - | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,364 | €11,835 | €6,836 | €2,831 | €3,108 | ▲ 9.8% |
| Other operating charges640/8 | €5,399 | €3,409 | €4,087 | €2,182 | €1,945 | ▼ 10.8% |
| Gross operating margin9900 | €24,572 | €22,788 | €15,724 | €56,895 | €2,028 | ▼ 96.4% |
| Operating profit (loss)9901 | €3,809 | €7,543 | €4,801 | €51,883 | -€3,025 | ▼ 106% |
| Financial income75/76B | €153 | €265 | €76 | €14 | €965 | ▲ 6,768% |
| Recurring financial income75 | €153 | €265 | €76 | €14 | €965 | ▲ 6,768% |
| Financial charges65/66B | €420 | €577 | €1,264 | €1,430 | €1,019 | ▼ 28.7% |
| Recurring financial charges65 | €420 | €577 | €1,264 | €1,430 | €1,019 | ▼ 28.7% |
| Profit (loss) for the period before taxes9903 | €3,542 | €7,230 | €3,614 | €50,467 | -€3,079 | ▼ 106% |
| Income taxes67/77 | €73 | €1,542 | €3,065 | €14,765 | €2 | ▼ 100.0% |
| Profit (loss) for the period9904 | €3,470 | €5,688 | €549 | €35,702 | -€3,082 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | €3,470 | €5,688 | €549 | €35,702 | -€3,082 | ▼ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,194 | €119,391 | €267,923 | €202,164 | €216,321 | ▲ 7.0% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €22,541 | €10,706 | €5,604 | €2,773 | €11,111 | ▲ 301% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €22,541 | €10,706 | €5,604 | €2,773 | €11,111 | ▲ 301% |
| Plant, machinery and equipment23 | €10,164 | €6,544 | €5,561 | €2,773 | €728 | ▼ 73.7% |
| Furniture and vehicles24 | €12,377 | €4,161 | €43 | €0 | €10,383 | - |
| Financial fixed assets28 | - | - | - | - | €0 | - |
| Current assets29/58 | €84,653 | €108,685 | €262,319 | €199,391 | €205,210 | ▲ 2.9% |
| Stocks and contracts in progress3 | €35,774 | €17,551 | €56,543 | €40,223 | €36,407 | ▼ 9.5% |
| Stocks30/36 | €4,442 | €0 | €6,552 | €900 | €15,407 | ▲ 1,612% |
| Contracts in progress37 | €31,332 | €17,551 | €49,991 | €39,323 | €21,000 | ▼ 46.6% |
| Amounts receivable within one year40/41 | €44,750 | €71,842 | €185,097 | €131,804 | €152,082 | ▲ 15.4% |
| Trade receivables40 | €35,359 | €58,982 | €168,648 | €96,782 | €146,697 | ▲ 51.6% |
| Other amounts receivable41 | €9,391 | €12,860 | €16,449 | €35,022 | €5,385 | ▼ 84.6% |
| Cash at bank and in hand54/58 | €2,177 | €17,084 | €17,825 | €24,879 | €14,685 | ▼ 41.0% |
| Deferred charges and accrued income490/1 | €1,952 | €2,208 | €2,854 | €2,486 | €2,035 | ▼ 18.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,194 | €119,391 | €267,923 | €202,164 | €216,321 | ▲ 7.0% |
| Equity10/15 | €77,719 | €83,407 | €83,956 | €119,658 | €116,576 | ▼ 2.6% |
| Contributions10/11 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €69,359 | €75,047 | €75,596 | €111,298 | €108,216 | ▼ 2.8% |
| Amounts payable17/49 | €29,475 | €35,984 | €183,967 | €82,507 | €99,744 | ▲ 20.9% |
| Amounts payable within one year42/48 | €29,475 | €35,984 | €183,967 | €82,507 | €99,744 | ▲ 20.9% |
| Trade debts44 | €16,122 | €32,791 | €179,984 | €56,383 | €73,773 | ▲ 30.8% |
| Suppliers440/4 | €16,122 | €32,791 | €179,984 | €56,383 | €73,773 | ▲ 30.8% |
| Taxes, remuneration and social security45 | €12,000 | €2,400 | €3,982 | €24,687 | €24,165 | ▼ 2.1% |
| Taxes450/3 | €12,000 | €2,400 | €3,982 | €16,287 | €14,765 | ▼ 9.3% |
| Remuneration and social security454/9 | - | €0 | €0 | €8,400 | €9,400 | ▲ 11.9% |
| Other amounts payable47/48 | €1,353 | €793 | €0 | €1,436 | €1,806 | ▲ 25.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,470 | €5,688 | €549 | €35,702 | -€3,082 | ▼ 109% |
| + Depreciation and write-downs630 | €15,364 | €11,835 | €6,836 | €2,831 | €3,108 | ▲ 9.8% |
| Operating cash flow (approximation) | €18,834 | €17,523 | €7,385 | €38,532 | €26 | ▼ 99.9% |
| Investment in fixed assets (approximation) | - | €0 | -€1,734 | €0 | -€11,445 | - |
| Change in cash | - | €14,907 | €741 | €7,053 | -€10,193 | ▼ 245% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€3,082
Net result drops to -€3,082, the lowest in the series.
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 110 days late
2024
31-12
Financial
Highest result since 2018net €35,702 ▲6,401%
Operating result €51,883, net result €35,702, both a record.
31-12
Financial
Equity above €100,000Eq €119,658 ▲42.5%
7 profitable years in a row build equity to €119,658.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
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 4 acts read
About the unread acts
We know of 4 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
4 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, Liège · 1 establishment unit since 2012
Ground area
172 m²
Building footprint
77 m²
Volume, LiDAR
725 m³
Parcel 62818G0460/00T006, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue des Moulins 39, 4000 Liège
since 20122.229.650.908
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62818G0460/00T006 | Wallonia | 172 m² | 1 · 76 m² | 10.9 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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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,492 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
Founded05-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43350Other building finishing work
Contact
E-mail
info@bartbina.beLiège
E-mail
sd@batiments.beLiège
Phone
0484188889Liège
Phone
0488/188.889Liège
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847173353
Also
9925:BE0847173353
Registered
17-09-2025
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.