Baruche
ActiveSummary
Baruche has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1,500 and a net result of €32,199. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 8113 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+19
Solvency27▼-71
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
1.6%
Return on assets
34.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 8113 sector peers (2024).
NBB · sector comparisonPosition among 8113 sector peers
Solvency
better than 9%
← 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 11-07-2025, 20 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
33 d early
2022
75 d early
2021
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€1,500▼ 97.1%
2023 · €51,437
Total assets
€92,162▲ 31.3%
2023 · €70,168
Net result
€32,199▲ 372%
2023 · €6,815
Working capital
-€426
2023 · €48,450
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line2021202220232024
Operating result€4,178-€155,561▲ 3,623%€10,258▼ 93.4%€42,119▲ 311%
Net result€3,311within the sector's middle half-€119,810within the sector's middle half▲ 3,519%€6,815within the sector's middle half▼ 94.3%€32,199within the sector's middle half▲ 372%
Equity€4,811below the sector's middle half-€124,621within the sector's middle half▲ 2,490%€51,437below the sector's middle half▼ 58.7%€1,500below the sector's middle half▼ 97.1%
Total assets€16,022below the sector's middle half-€183,848below the sector's middle half▲ 1,047%€70,168below the sector's middle half▼ 61.8%€92,162below the sector's middle half▲ 31.3%
Debt€11,211-€59,227▲ 428%€18,732▼ 68.4%€90,662▲ 384%
Working capital€3,836within the sector's middle half-€120,526within the sector's middle half▲ 3,042%€48,450within the sector's middle half▼ 59.8%-€426within the sector's middle half
Solvency30.0%within the sector's middle half-67.8%within the sector's middle half▲ 37.8pp73.3%within the sector's middle half▲ 5.5pp1.6%below the sector's middle half▼ 71.7pp
Current ratio1.34within the sector's middle half-3.03within the sector's middle half▲ 1.693.59within the sector's middle half▲ 0.551.00within the sector's middle half▼ 2.59
Return on assets (ROA)20.7%within the sector's middle half-65.2%above the sector's middle half▲ 44.5pp9.7%within the sector's middle half▼ 55.5pp34.9%above the sector's middle half▲ 25.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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.
Why a figure moved sharply
- 2022 Net result +3,519% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 311% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €92,162
Fixed assets
€1,926 ▼ 35.5%
Current assets
€90,235 ▲ 34.3%
Equity and liabilities €92,162
Equity
€1,500 ▼ 97.1%
Debt
€90,662 ▲ 384%
Debt's share of the balance-sheet total rises from 26.7% to 98.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€43,179▲
2023 · €11,367
Cash flow
€33,259▲
2023 · €7,924
Debt to equity
60.44▲
2023 · 0.36
Interest coverage
35.85▲
2023 · 12.97
Debt ≤ 1 year
€90,662▲
2023 · €18,732
Income taxes
€8,718▲
2023 · €2,600
A ratio outside any meaningful range has been withheld (balance sheet total €92,162, equity €1,500).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,155 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
2.6%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 2,155 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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49 | €717 | €1,109 | €1,060 | ▼ 4.4% |
| Other operating charges640/8 | - | €173 | €667 | €1,027 | ▲ 54.0% |
| Gross operating margin9900 | €4,227 | €156,451 | €12,034 | €44,206 | ▲ 267% |
| Operating profit (loss)9901 | €4,178 | €155,561 | €10,258 | €42,119 | ▲ 311% |
| Financial income75/76B | €0 | €342 | €34 | €3 | ▼ 91.2% |
| Recurring financial income75 | €0 | €342 | €34 | €3 | ▼ 91.2% |
| Financial charges65/66B | - | €844 | €876 | €1,204 | ▲ 37.4% |
| Recurring financial charges65 | - | €844 | €876 | €1,204 | ▲ 37.4% |
| Profit (loss) for the period before taxes9903 | €4,178 | €155,060 | €9,416 | €40,917 | ▲ 335% |
| Income taxes67/77 | €868 | €35,249 | €2,600 | €8,718 | ▲ 235% |
| Profit (loss) for the period9904 | €3,311 | €119,810 | €6,815 | €32,199 | ▲ 372% |
| Profit (loss) for the period to be appropriated9905 | €3,311 | €119,810 | €6,815 | €32,199 | ▲ 372% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €16,022 | €183,848 | €70,168 | €92,162 | ▲ 31.3% |
| Fixed assets21/28 | €974 | €4,095 | €2,987 | €1,926 | ▼ 35.5% |
| Tangible fixed assets22/27 | €974 | €4,095 | €2,987 | €1,926 | ▼ 35.5% |
| Furniture and vehicles24 | €974 | €4,095 | €2,987 | €1,926 | ▼ 35.5% |
| Current assets29/58 | €15,048 | €179,753 | €67,182 | €90,235 | ▲ 34.3% |
| Amounts receivable after more than one year29 | - | €27,500 | €0 | - | - |
| Other amounts receivable291 | - | €27,500 | €0 | - | - |
| Amounts receivable within one year40/41 | €7,100 | €24,130 | €59,348 | €72,621 | ▲ 22.4% |
| Trade receivables40 | €6,050 | €19,663 | €59,334 | €71,211 | ▲ 20.0% |
| Other amounts receivable41 | €1,050 | €4,468 | €14 | €1,410 | ▲ 10,087% |
| Cash at bank and in hand54/58 | €7,948 | €127,780 | €4,065 | €17,152 | ▲ 322% |
| Deferred charges and accrued income490/1 | - | €342 | €3,769 | €462 | ▼ 87.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €16,022 | €183,848 | €70,168 | €92,162 | ▲ 31.3% |
| Equity10/15 | €4,811 | €124,621 | €51,437 | €1,500 | ▼ 97.1% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €3,311 | €123,121 | €49,937 | €0 | ▼ 100% |
| Distributable reserves133 | €3,311 | €123,121 | €49,937 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €11,211 | €59,227 | €18,732 | €90,662 | ▲ 384% |
| Amounts payable within one year42/48 | €11,211 | €59,227 | €18,732 | €90,662 | ▲ 384% |
| Financial debts43 | €48 | €68 | €37 | €6,001 | ▲ 16,011% |
| Credit institutions430/8 | €48 | €68 | €37 | €116 | ▲ 211% |
| Other loans439 | - | - | - | €5,885 | - |
| Trade debts44 | €9,577 | €2,378 | €506 | €2,069 | ▲ 309% |
| Suppliers440/4 | €9,577 | €2,378 | €506 | €2,069 | ▲ 309% |
| Taxes, remuneration and social security45 | €1,586 | €56,781 | €8,366 | €13,039 | ▲ 55.9% |
| Taxes450/3 | €1,586 | €54,539 | €8,366 | €10,797 | ▲ 29.1% |
| Remuneration and social security454/9 | - | €2,242 | €0 | €2,242 | - |
| Other amounts payable47/48 | - | - | €9,823 | €69,552 | ▲ 608% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,311 | €119,810 | €6,815 | €32,199 | ▲ 372% |
| + Depreciation and write-downs630 | €49 | €717 | €1,109 | €1,060 | ▼ 4.4% |
| Operating cash flow (approximation) | €3,359 | €120,528 | €7,924 | €33,259 | ▲ 320% |
| Investment in fixed assets (approximation) | - | -€3,838 | €0 | €0 | - |
| Change in cash | - | €119,833 | -€123,715 | €13,087 | ▲ 111% |
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
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2021net €119,810 ▲3,519%
Operating result €155,561, net result €119,810, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.03
Current ratio from 1.34 to 3.03.
31-12
Financial
Equity above €100,000Eq €124,621 ▲2,490%
2 profitable years in a row build equity to €124,621.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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.
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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, De Haan · 1 establishment unit since 2021
Ground area
518 m²
Building footprint
120 m²
Volume, LiDAR
625 m³
Parcel 35007A0002/00C013, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Baruche
since 20212.323.737.047
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007A0002/00C013 ProtectedTownscape or village viewDe Haan Concessie: uitbreiding tot hele vroegere ConcessieSource ↗ |
Flanders | 518 m² | 1 · 120 m² | 9.3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 6,489 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
Founded04-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0776814701
Also
9925:BE0776814701
Registered
20-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.