Bart en Olaf
ActiveThe computed 12-month bankruptcy probability of Bart en Olaf is 1.5% (moderate). The 2025 annual accounts show negative equity (€-382k) and a net result of €-43k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8592 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
15
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▼-43
Solvency35▼-3
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.69 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-139.9%
Return on assets
-15.9%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
18192021222425
2018 to 2025 · latest year -€382k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
68 d late
2022
31 d late
2021
2 d early
2020
on the day
2019
1 d early
2018
on the day
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-382k▼ 12.8%
2024 · €-339k
2018: €-118k
2019: €11k
2020: €13k
2021: €11k
2022: €34k
2024: €-339k
2018 → 2025
Total assets
€273k▼ 19.4%
2024 · €339k
2018: €40k
2019: €62k
2020: €14k
2021: €12k
2022: €416k
2024: €339k
2018 → 2025
Net result
€-43k▲ 80.7%
2024 · €-224k
2018: €-73k
2019: €116k
2020: €2k
2021: €-2k
2022: €23k
2024: €-224k
2018 → 2025
Working capital
€-182k▼ 28.9%
2024 · €-141k
2018: €-92k
2019: €9k
2020: €11k
2021: €9k
2022: €112k
2024: €-141k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€13k-€11k▼ 13.9%€34k▲ 209%€-339k€-382k▼ 12.8%
Operating result€2k-€-2k€32k€-213k€-31k▲ 85.6%
Net result€2k-€-2k€23k€-224k€-43k▲ 80.7%
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 stays negative: a loss of €31k in 2025 against €213k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €273k
Fixed assets
€15k▼ 14.8%
Current assets
€259k▼ 19.7%
Key figures and ratios
EBITDA
€-28k▲
2024 · €-207k
Cash flow
€-41k▲
2024 · €-218k
Solvency
-139.9%▼
2024 · -100.0%
Current ratio
0.59▼
2024 · 0.69
Quick ratio
0.33▼
2024 · 0.36
Debt / equity
-1.71▲
2024 · -2.00
ROE
11.3%▼
2024 · 66.1%
ROA
-15.9%▲
2024 · -66.1%
Interest coverage
-2.71▲
2024 · -23.28
Debt
€656k▼
2024 · €678k
Debt ≤ 1 year
€441k▼
2024 · €463k
Debt > 1 year
€215k=
2024 · €215k
Income taxes
€2k▲
2024 · €40
Staff costs
€72k▼
2024 · €137k
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€339k€273k▼
Fixed assets21/28€17k€15k▼
Intangible fixed assets21€145€3▼
Tangible fixed assets22/27€14k€11k▼
Furniture and vehicles24€505-
Other tangible fixed assets26€13k€11k▼
Financial fixed assets28€4k€4k=
Current assets29/58€322k€259k▼
Stocks and contracts in progress3€157k€114k▼
Stocks30/36€157k€114k▼
Amounts receivable within one year40/41€152k€121k▼
Trade receivables40€124k€83k▼
Other amounts receivable41€27k€39k▲
Cash at bank and in hand54/58€13k€23k▲
Equity and liabilities
Total equity and liabilities10/49€339k€273k▼
Equity10/15€-339k€-382k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-358k€-401k▼
Amounts payable17/49€678k€656k▼
Amounts payable after more than one year17€215k€215k=
Other amounts payable178/9€215k€215k=
Amounts payable within one year42/48€463k€441k▼
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€286k€276k▼
Suppliers440/4€286k€276k▼
Taxes, remuneration and social security45€43k€30k▼
Taxes450/3€29k€12k▼
Remuneration and social security454/9€14k€17k▲
Other amounts payable47/48€34k€35k▲
Income statement
Code20242025
Remuneration, social security and pensions62€137k€72k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Other operating charges640/8€889€5k▲
Gross operating margin9900€-69k€49k▲
Operating profit (loss)9901€-213k€-31k▲
Financial income75/76B€7-
Recurring financial income75€7-
Financial charges65/66B€11k€10k▼
Recurring financial charges65€9k€10k▲
Non-recurring financial charges66B€2k-
Profit (loss) for the period before taxes9903€-224k€-41k▲
Income taxes67/77€40€2k▲
Profit (loss) for the period9904€-224k€-43k▲
Profit (loss) for the period to be appropriated9905€-224k€-43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-358k€-401k▼
Profit (loss) brought forward from the previous period14P€-134k€-358k▼
Social balance
Average headcount (FTE)90872.2-
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 68 days late
2024
31-12
Financial
Weakest financial yearnet €-224k ▼1069%
Net result drops to €-224k, the lowest in the series; recovery starts the following year.
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 11current ratio 13.25
Current ratio from 1.17 to 13.25; short-term debt falls from €51k to €891.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €116k
Net result €116k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.17
Current ratio from 0.29 to 1.17; short-term debt falls from €130k to €51k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
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.
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, Laarne · 2 establishment units since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koffiestraat 259270 LaarneGround area
5.1 ha
Building footprint
817 m²
Volume, LiDAR
716 m³
2 parcels, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Auton Energy
since 20162.252.308.326
Auton Energy
since 20222.328.544.881
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42017D1321/00M002 | Flanders | 5.1 ha | 1 · 708 m² | 0.9 m |
| 42009C1067/02L000 | Flanders | 305 m² | 1 · 109 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 2025 · 5 entries · 88,546 EUR awarded · 88,546 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 9,000 EUR | 24,962 EUR |
| 2024 | 1 | 77,962 EUR | 62,000 EUR |
| 2022 | 1 | 1,584 EUR | 1,584 EUR |
Schemes
Ontwikkelingsproject
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,238 companies in sector 46643 we hold annual accounts for 945. 394 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-04-2016
Fiscal year end31-12
Activities, NACEBEL
46643Wholesale of electrical equipment, including installation materials
70200Business and other management consultancy
70220Business consulting
46150Agents in the wholesale of furniture, household goods and hardware
46842Wholesale trade
47527Retail trade
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.