BART ROMBAUT
ActiveSummary
BART ROMBAUT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€3,350) and a net result of €10,815. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 9974 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency16▲+16
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 0.43 in 2023; short-term debt: 109.1% and cash: 28.4% of total assets), and equity is negative.
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Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
-9.1%
Return on assets
29.5%
Age of the figures
21 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9974 sector peers (2024).
NBB · sector comparisonPosition among 9974 sector peers
Solvency
better than 10%
← weakest
strongest →
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 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
30 d early
2022
26 d early
2021
33 d early
2020
31 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 6 accounts on average 28 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€3,350▲ 76.4%
2023 · -€14,165
Total assets
€36,712▲ 1.9%
2023 · €36,037
Net result
€10,815▼ 1.7%
2023 · €11,007
Working capital
-€21,217▲ 25.9%
2023 · -€28,649
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20202021202220232024
Operating result€3,961-€3,341€3,975€11,461▲ 188%€11,580▲ 1.0%
Net result€2,686within the sector's middle half-€3,937below the sector's middle half€2,688within the sector's middle half€11,007within the sector's middle half▲ 309%€10,815within the sector's middle half▼ 1.7%
Equity-€23,923below the sector's middle half▲ 10.1%-€27,860below the sector's middle half▼ 16.5%-€25,172below the sector's middle half▲ 9.6%-€14,165below the sector's middle half▲ 43.7%-€3,350below the sector's middle half▲ 76.4%
Total assets€30,760below the sector's middle half▼ 19.4%€32,939below the sector's middle half▲ 7.1%€28,958below the sector's middle half▼ 12.1%€36,037below the sector's middle half▲ 24.4%€36,712below the sector's middle half▲ 1.9%
Debt€54,683▼ 15.6%€60,799▲ 11.2%€54,129▼ 11.0%€50,203▼ 7.3%€40,062▼ 20.2%
Working capital-€26,387▼ 1.6%-€40,306▼ 52.8%-€38,439▲ 4.6%-€28,649▲ 25.5%-€21,217▲ 25.9%
Solvency-77.8%below the sector's middle half▼ 8.0pp-84.6%below the sector's middle half▼ 6.8pp-86.9%below the sector's middle half▼ 2.3pp-39.3%below the sector's middle half▲ 47.6pp-9.1%below the sector's middle half▲ 30.2pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 1% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36,712
Fixed assets
€17,867 ▲ 23.4%
Current assets
€18,845 ▼ 12.6%
Key figures and ratios
EBITDA
€17,667▲
2023 · €15,320
Cash flow
€16,902▲
2023 · €14,865
Current ratio
0.47▲
2023 · 0.43
Debt to equity
-11.96▼
2023 · -3.54
ROA
29.5%▼
2023 · 30.5%
Interest coverage
65.82▲
2023 · 33.68
Debt ≤ 1 year
€40,062▼
2023 · €50,203
Income taxes
€497
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,639 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,639 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €893 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,908 | €5,775 | €4,896 | €3,858 | €6,086 | ▲ 57.8% |
| Other operating charges640/8 | - | €1,954 | €1,240 | €2,087 | €1,791 | ▼ 14.2% |
| Non-recurring operating charges66A | - | - | €1,047 | - | - | - |
| Gross operating margin9900 | €9,652 | €4,388 | €11,157 | €17,407 | €19,458 | ▲ 11.8% |
| Operating profit (loss)9901 | €3,961 | -€3,341 | €3,975 | €11,461 | €11,580 | ▲ 1.0% |
| Financial income75/76B | - | €5 | - | - | - | - |
| Recurring financial income75 | - | €5 | - | - | - | - |
| Financial charges65/66B | - | €601 | €639 | €455 | €268 | ▼ 41.0% |
| Recurring financial charges65 | €1,275 | €601 | €639 | €455 | €268 | ▼ 41.0% |
| Profit (loss) for the period before taxes9903 | €2,686 | -€3,937 | €3,336 | €11,007 | €11,312 | ▲ 2.8% |
| Income taxes67/77 | - | - | €648 | - | €497 | - |
| Profit (loss) for the period9904 | €2,686 | -€3,937 | €2,688 | €11,007 | €10,815 | ▼ 1.7% |
| Profit (loss) for the period to be appropriated9905 | €2,686 | -€3,937 | €2,688 | €11,007 | €10,815 | ▼ 1.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,760 | €32,939 | €28,958 | €36,037 | €36,712 | ▲ 1.9% |
| Fixed assets21/28 | €7,768 | €12,446 | €13,267 | €14,484 | €17,867 | ▲ 23.4% |
| Tangible fixed assets22/27 | €7,728 | €8,656 | €11,392 | €12,609 | €15,992 | ▲ 26.8% |
| Plant, machinery and equipment23 | - | €7,302 | €2,930 | €6,531 | €10,596 | ▲ 62.2% |
| Furniture and vehicles24 | - | €1,354 | €8,462 | €6,078 | €5,396 | ▼ 11.2% |
| Financial fixed assets28 | €40 | €3,790 | €1,875 | €1,875 | €1,875 | = |
| Current assets29/58 | €22,992 | €20,493 | €15,691 | €21,553 | €18,845 | ▼ 12.6% |
| Amounts receivable within one year40/41 | €19,174 | €10,206 | €10,326 | €7,503 | €8,090 | ▲ 7.8% |
| Trade receivables40 | - | €10,206 | €10,326 | €7,503 | €8,090 | ▲ 7.8% |
| Cash at bank and in hand54/58 | €3,818 | €9,965 | €4,875 | €14,050 | €10,436 | ▼ 25.7% |
| Deferred charges and accrued income490/1 | - | €322 | €490 | - | €320 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,760 | €32,939 | €28,958 | €36,037 | €36,712 | ▲ 1.9% |
| Equity10/15 | -€23,923 | -€27,860 | -€25,172 | -€14,165 | -€3,350 | ▲ 76.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€31,983 | -€35,920 | -€33,232 | -€22,225 | -€11,410 | ▲ 48.7% |
| Amounts payable17/49 | €54,683 | €60,799 | €54,129 | €50,203 | €40,062 | ▼ 20.2% |
| Amounts payable after more than one year17 | €5,304 | - | - | - | - | - |
| Amounts payable within one year42/48 | €49,379 | €60,799 | €54,129 | €50,203 | €40,062 | ▼ 20.2% |
| Current portion of amounts payable after more than one year42 | - | €5,304 | - | - | - | - |
| Trade debts44 | €1,275 | €13,512 | €1,884 | €1,397 | €491 | ▼ 64.8% |
| Suppliers440/4 | - | €13,512 | €1,884 | €1,397 | €491 | ▼ 64.8% |
| Taxes, remuneration and social security45 | - | €2,306 | €4,961 | €5,251 | €5,231 | ▼ 0.4% |
| Taxes450/3 | - | €306 | €2,961 | €3,251 | €3,231 | ▼ 0.6% |
| Remuneration and social security454/9 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Other amounts payable47/48 | - | €39,677 | €47,284 | €43,555 | €34,340 | ▼ 21.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,686 | -€3,937 | €2,688 | €11,007 | €10,815 | ▼ 1.7% |
| + Depreciation and write-downs630 | €4,908 | €5,775 | €4,896 | €3,858 | €6,086 | ▲ 57.8% |
| Operating cash flow (approximation) | €7,594 | €1,838 | €7,584 | €14,865 | €16,902 | ▲ 13.7% |
| Investment in fixed assets (approximation) | - | -€10,454 | -€5,717 | -€5,076 | -€9,469 | ▼ 86.6% |
| Change in cash | - | €6,147 | -€5,090 | €9,175 | -€3,614 | ▼ 139% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €11,007 ▲309%
Net result €11,007, the highest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2,688
Net result €2,688 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2,686
Net result €2,686 after 2 loss-making years.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€25,703
Net result drops to -€25,703, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Waasmunster · 1 establishment unit since 2011
Ground area
613 m²
Building footprint
154 m²
Volume, LiDAR
610 m³
Parcel 42023B1262/00G000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BART ROMBAUT
since 20112.199.069.974
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B1262/00G000 | Flanders | 613 m² | 1 · 154 m² | 5.5 m · 1 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
2025 · 1 entry · 1,333 EUR awarded · 1,333 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,333 EUR | 1,333 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0835310055
Also
9925:BE0835310055
Registered
24-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.