BAS PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of BAS PROJECT is 2.0% (moderate). The 2025 annual accounts show equity of €70k and a net result of €5k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 27965 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-6
Solvency70▼-1
Growth52=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.89 in 2024; short-term debt: 49.2% and cash: 16.6% of total assets), and 54.8% 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 · 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 · 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 · 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
45.2%
Return on assets
3.1%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
70 d early
2023
21 d early
2022
3 d early
2021
16 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
€70k▲ 7.3%
2024 · €65k
Total assets
€156k▲ 10.4%
2024 · €141k
Net result
€5k▼ 48.2%
2024 · €9k
Working capital
€33k▼ 24.6%
2024 · €44k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14k-€37k▲ 153%€12k▼ 66.5%€21k▲ 70.5%€9k▼ 56.5%
Net result€11k-€30k▲ 167%€8k▼ 74.5%€9k▲ 22.1%€5k▼ 48.2%
Equity€19k-€49k▲ 155%€56k▲ 15.5%€65k▲ 16.4%€70k▲ 7.3%
Total assets€63k-€240k▲ 278%€243k▲ 1.3%€141k▼ 42.0%€156k▲ 10.4%
Debt€44k-€191k▲ 331%€187k▼ 2.3%€75k▼ 59.6%€85k▲ 13.1%
Working capital€16k-€109k▲ 564%€111k▲ 2.2%€44k▼ 60.0%€33k▼ 24.6%
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156k
Fixed assets
€46k ▼ 2.8%
Current assets
€110k ▲ 17.0%
Equity and liabilities €156k
Equity
€70k ▲ 7.3%
Debt
€85k ▲ 13.1%
Debt's share of the balance-sheet total rises from 53.5% to 54.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10k▼
2024 · €37k
Cash flow
€6k▼
2024 · €26k
Current ratio
1.44▼
2024 · 1.89
Quick ratio
0.92▼
2024 · 1.35
Debt to equity
1.21▲
2024 · 1.15
ROE
6.8%▼
2024 · 14.1%
ROA
3.1%▼
2024 · 6.5%
Interest coverage
4.02▼
2024 · 4.25
Debt ≤ 1 year
€76k▲
2024 · €50k
Debt > 1 year
€9k▼
2024 · €26k
Income taxes
€3k▼
2024 · €4k
Staff costs
€31k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €7k | €31k | ▲ 331% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €487 | €7k | €17k | €17k | €1k | ▼ 91.9% |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €913 | ▼ 31.0% |
| Gross operating margin9900 | €16k | €45k | €30k | €46k | €43k | ▼ 7.2% |
| Operating profit (loss)9901 | €14k | €37k | €12k | €21k | €9k | ▼ 56.5% |
| Financial income75/76B | €2k | €962 | €1k | €856 | €1k | ▲ 50.9% |
| Recurring financial income75 | €2k | €962 | €1k | €856 | €1k | ▲ 50.9% |
| Financial charges65/66B | €1k | €2k | €3k | €9k | €3k | ▼ 70.5% |
| Recurring financial charges65 | €1k | €2k | €3k | €9k | €3k | ▼ 70.5% |
| Profit (loss) for the period before taxes9903 | €15k | €36k | €10k | €13k | €8k | ▼ 39.8% |
| Income taxes67/77 | €4k | €6k | €3k | €4k | €3k | ▼ 18.9% |
| Profit (loss) for the period9904 | €11k | €30k | €8k | €9k | €5k | ▼ 48.2% |
| Profit (loss) for the period to be appropriated9905 | €11k | €30k | €8k | €9k | €5k | ▼ 48.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63k | €240k | €243k | €141k | €156k | ▲ 10.4% |
| Fixed assets21/28 | €3k | €80k | €64k | €47k | €46k | ▼ 2.8% |
| Tangible fixed assets22/27 | €3k | €80k | €64k | €47k | €46k | ▼ 2.8% |
| Land and buildings22 | - | €8k | €7k | €6k | €5k | ▼ 13.4% |
| Plant, machinery and equipment23 | €522 | €158 | - | - | €0 | - |
| Furniture and vehicles24 | €2k | €2k | €1k | €718 | €218 | ▼ 69.7% |
| Leasing and similar rights25 | - | €70k | €55k | €40k | €40k | = |
| Current assets29/58 | €61k | €159k | €179k | €94k | €110k | ▲ 17.0% |
| Stocks and contracts in progress3 | €13k | €103k | €125k | €27k | €39k | ▲ 45.3% |
| Stocks30/36 | €5k | €103k | €125k | €13k | €39k | ▲ 207% |
| Contracts in progress37 | €8k | - | - | €14k | - | - |
| Amounts receivable within one year40/41 | €25k | €44k | €43k | €34k | €45k | ▲ 30.1% |
| Trade receivables40 | €23k | €39k | €36k | €23k | €38k | ▲ 69.2% |
| Other amounts receivable41 | €2k | €5k | €7k | €12k | €6k | ▼ 44.8% |
| Cash at bank and in hand54/58 | €22k | €13k | €11k | €32k | €26k | ▼ 20.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63k | €240k | €243k | €141k | €156k | ▲ 10.4% |
| Equity10/15 | €19k | €49k | €56k | €65k | €70k | ▲ 7.3% |
| Contributions10/11 | €8k | €8k | €8k | €8k | €8k | = |
| Reserves13 | €11k | €41k | €48k | €57k | €62k | ▲ 8.3% |
| Distributable reserves133 | €11k | €41k | €48k | €57k | €62k | ▲ 8.3% |
| Amounts payable17/49 | €44k | €191k | €187k | €75k | €85k | ▲ 13.1% |
| Amounts payable after more than one year17 | - | €140k | €118k | €26k | €9k | ▼ 65.8% |
| Financial debts170/4 | - | €140k | €118k | €26k | €9k | ▼ 65.8% |
| Amounts payable within one year42/48 | €44k | €51k | €68k | €50k | €76k | ▲ 54.3% |
| Current portion of amounts payable after more than one year42 | - | €7k | €8k | €8k | €13k | ▲ 54.7% |
| Trade debts44 | €6k | €2k | €11k | €5k | €24k | ▲ 387% |
| Suppliers440/4 | €6k | €2k | €11k | €5k | €24k | ▲ 387% |
| Taxes, remuneration and social security45 | €4k | €8k | €11k | €3k | €6k | ▲ 64.9% |
| Taxes450/3 | €4k | €8k | €9k | €0 | - | - |
| Remuneration and social security454/9 | - | - | €3k | €3k | €6k | ▲ 64.9% |
| Other amounts payable47/48 | €34k | €33k | €38k | €33k | €33k | ▲ 2.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €30k | €8k | €9k | €5k | ▼ 48.2% |
| + Depreciation and write-downs630 | €487 | €7k | €17k | €17k | €1k | ▼ 91.9% |
| Operating cash flow (approximation) | €12k | €37k | €24k | €26k | €6k | ▼ 76.3% |
| Investment in fixed assets (approximation) | - | €-84k | €0 | €0 | €0 | - |
| Change in cash | - | €-9k | €-2k | €21k | €-7k | ▼ 131% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €5k ▼48.2%
Net result drops to €5k, the lowest in the series.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €30k ▲167%
Operating result €37k, net result €30k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.13
Current ratio from 1.37 to 3.13.
15-07
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 3 acts read
About the unread acts
We know of 3 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
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, Bonheiden · 1 establishment unit since 2021
Ground area
1,427 m²
Building footprint
134 m²
Volume, LiDAR
474 m³
Parcel 12031C0036/00D002, Flanders · tallest building 4.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BAS PROJECT
since 20212.315.969.822
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031C0036/00D002 | Flanders | 1,427 m² | 1 · 134 m² | 4.1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBonheiden2.315.969.822
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,472. 3,043 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
Founded22-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
68121Development of residential building projects
43320Joinery installation
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.