Basec
ActiveSummary
Basec has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €3k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▲+11
Solvency93▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.48 against 3.0 in 2024; short-term debt: 27.9% and cash: 1.9% of total assets), and 31.6% 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 · 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
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
68.4%
Return on assets
1.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-03-2026, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
55 d early
2024
40 d late
2023
132 d early
2022
39 d early
2021
144 d early
2020
100 d early
2019
159 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€122k▲ 2.1%
2024 · €120k
2018: €83klowest in 8 years
2019: €103k▲ +23.7% vs 2018
2020: €108k▲ +5.4% vs 2019
2021: €130k▲ +20.7% vs 2020
2022: €131k▲ +0.2% vs 2021
2023: €133k▲ +1.5% vs 2022highest in 8 years
2024: €120k▼ -9.7% vs 2023
2025: €122k▲ +2.1% vs 2024
2018 → 2025
Total assets
€179k▼ 9.5%
2024 · €198k
2018: €154k
2019: €172k▲ +11.7% vs 2018
2020: €152k▼ -11.3% vs 2019lowest in 8 years
2021: €203k▲ +33.3% vs 2020highest in 8 years
2022: €190k▼ -6.3% vs 2021
2023: €182k▼ -4.3% vs 2022
2024: €198k▲ +8.5% vs 2023
2025: €179k▼ -9.5% vs 2024
2018 → 2025
Net result
€3k
2024 · €-4k
2018: €9k
2019: €24k▲ +154% vs 2018
2020: €7k▼ -69.9% vs 2019
2021: €53k▲ +648% vs 2020highest in 8 years
2022: €1k▼ -98.0% vs 2021
2023: €3k▲ +158% vs 2022
2024: €-4k▼ -230% vs 2023lowest in 8 years
2025: €3k▲ +171% vs 2024
2018 → 2025
Working capital
€124k▼ 4.2%
2024 · €129k
2018: €80k
2019: €99k▲ +23.1% vs 2018
2020: €-5k▼ -105% vs 2019lowest in 8 years
2021: €41k▲ +936% vs 2020
2022: €124k▲ +205% vs 2021
2023: €129k▲ +3.8% vs 2022
2024: €129k▲ +0.3% vs 2023highest in 8 years
2025: €124k▼ -4.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€130k-€131k▲ 0.2%€133k▲ 1.5%€120k▼ 9.7%€122k▲ 2.1%
2021: €130k
2022: €131k▲ +0.2% vs 2021
2023: €133k▲ +1.5% vs 2022highest in 5 years
2024: €120k▼ -9.7% vs 2023lowest in 5 years
2025: €122k▲ +2.1% vs 2024
Operating result€63k-€650▼ 99.0%€4k▲ 490%€2k▼ 36.3%€9k▲ 286%
2021: €63khighest in 5 years
2022: €650▼ -99.0% vs 2021lowest in 5 years
2023: €4k▲ +490% vs 2022
2024: €2k▼ -36.3% vs 2023
2025: €9k▲ +286% vs 2024
Net result€53k-€1k▼ 98.0%€3k▲ 158%€-4k€3k
2021: €53khighest in 5 years
2022: €1k▼ -98.0% vs 2021
2023: €3k▲ +158% vs 2022
2024: €-4k▼ -230% vs 2023lowest in 5 years
2025: €3k▲ +171% vs 2024
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 recovers in 2025; 2025 is 286% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179k
Fixed assets
€5k ▲ 30.5%
Current assets
€173k ▼ 10.4%
Equity and liabilities €179k
Equity
€122k ▲ 2.1%
Debt
€56k ▼ 27.5%
Debt's share of the balance-sheet total falls from 39.4% to 31.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12k▲
2024 · €5k
Cash flow
€5k▲
2024 · €-939
Current ratio
3.48▲
2024 · 3.00
Quick ratio
3.29▲
2024 · 2.80
Debt to equity
0.46▼
2024 · 0.65
ROE
2.1%▲
2024 · -3.0%
ROA
1.4%▲
2024 · -1.8%
Interest coverage
1.71▲
2024 · 0.84
Debt ≤ 1 year
€50k▼
2024 · €64k
Debt > 1 year
€7k▼
2024 · €13k
Staff costs
€0▼
2024 · €236
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€198k€179k▼
Fixed assets21/28€4k€5k▲
Tangible fixed assets22/27€4k€5k▲
Plant, machinery and equipment23€173€3k▲
Furniture and vehicles24€4k€2k▼
Current assets29/58€194k€173k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€13k€10k▼
Stocks30/36€13k€10k▼
Amounts receivable within one year40/41€180k€160k▼
Trade receivables40€94k€88k▼
Other amounts receivable41€86k€72k▼
Cash at bank and in hand54/58€90€3k▲
Equity and liabilities
Total equity and liabilities10/49€198k€179k▼
Equity10/15€120k€122k▲
Contributions10/11€12k€12k=
Reserves13€111k€111k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€109k€109k=
Profit (loss) carried forward14€-4k€-1k▲
Amounts payable17/49€78k€56k▼
Amounts payable after more than one year17€13k€7k▼
Financial debts170/4€13k€7k▼
Amounts payable within one year42/48€64k€50k▼
Current portion of amounts payable after more than one year42€6k€7k▲
Financial debts43€22k€20k▼
Credit institutions430/8€22k€20k▼
Trade debts44€28k€21k▼
Suppliers440/4€28k€21k▼
Taxes, remuneration and social security45€8k€2k▼
Taxes450/3€8k€2k▼
Other amounts payable47/48€0-
Income statement
Code20242025
Remuneration, social security and pensions62€236€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€7k€13k▲
Operating profit (loss)9901€2k€9k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€-4k€3k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-4k€3k▲
Profit (loss) for the period to be appropriated9905€-4k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-1k▲
Profit (loss) brought forward from the previous period14P-€-4k
Transfer from equity791/2€9k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€9k€0▼
Return on contributions (dividend)694€9k€0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €42k | €-856 | €236 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €4k | €3k | €3k | €2k | ▼ 10.3% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €1k | ▼ 30.6% |
| Gross operating margin9900 | €86k | €49k | €8k | €7k | €13k | ▲ 78.6% |
| Operating profit (loss)9901 | €63k | €650 | €4k | €2k | €9k | ▲ 286% |
| Financial income75/76B | - | €2k | €3k | €0 | - | - |
| Recurring financial income75 | €3k | €2k | €3k | €0 | - | - |
| Financial charges65/66B | - | €1k | €3k | €6k | €7k | ▲ 14.2% |
| Recurring financial charges65 | €801 | €1k | €3k | €6k | €7k | ▲ 14.2% |
| Profit (loss) for the period before taxes9903 | €65k | €1k | €4k | €-4k | €3k | ▲ 171% |
| Income taxes67/77 | €12k | €245 | €846 | €0 | - | - |
| Profit (loss) for the period9904 | €53k | €1k | €3k | €-4k | €3k | ▲ 171% |
| Profit (loss) for the period to be appropriated9905 | €53k | €1k | €3k | €-4k | €3k | ▲ 171% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €203k | €190k | €182k | €198k | €179k | ▼ 9.5% |
| Fixed assets21/28 | €90k | €7k | €4k | €4k | €5k | ▲ 30.5% |
| Intangible fixed assets21 | €341 | €61 | €0 | - | - | - |
| Tangible fixed assets22/27 | €10k | €7k | €4k | €4k | €5k | ▲ 30.5% |
| Plant, machinery and equipment23 | - | €998 | €490 | €173 | €3k | ▲ 1,907% |
| Furniture and vehicles24 | - | €6k | €4k | €4k | €2k | ▼ 53.3% |
| Financial fixed assets28 | €79k | €0 | - | - | - | - |
| Current assets29/58 | €113k | €183k | €178k | €194k | €173k | ▼ 10.4% |
| Amounts receivable after more than one year29 | - | €54k | €28k | €0 | - | - |
| Other amounts receivable291 | - | €54k | €28k | €0 | - | - |
| Stocks and contracts in progress3 | €2k | €19k | €10k | €13k | €10k | ▼ 25.0% |
| Stocks30/36 | - | €19k | €10k | €13k | €10k | ▼ 25.0% |
| Amounts receivable within one year40/41 | €106k | €108k | €140k | €180k | €160k | ▼ 11.1% |
| Trade receivables40 | - | €72k | €57k | €94k | €88k | ▼ 6.9% |
| Other amounts receivable41 | - | €35k | €82k | €86k | €72k | ▼ 15.8% |
| Cash at bank and in hand54/58 | €3k | €968 | €57 | €90 | €3k | ▲ 3,594% |
| Deferred charges and accrued income490/1 | - | €2k | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €203k | €190k | €182k | €198k | €179k | ▼ 9.5% |
| Equity10/15 | €130k | €131k | €133k | €120k | €122k | ▲ 2.1% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €118k | €118k | €120k | €111k | €111k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €116k | €118k | €109k | €109k | = |
| Profit (loss) carried forward14 | - | €0 | €0 | €-4k | €-1k | ▲ 70.7% |
| Amounts payable17/49 | €72k | €59k | €49k | €78k | €56k | ▼ 27.5% |
| Amounts payable after more than one year17 | - | - | - | €13k | €7k | ▼ 50.3% |
| Financial debts170/4 | - | - | - | €13k | €7k | ▼ 50.3% |
| Amounts payable within one year42/48 | €72k | €59k | €49k | €64k | €50k | ▼ 22.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6k | €7k | ▲ 8.0% |
| Financial debts43 | - | €13k | €21k | €22k | €20k | ▼ 10.2% |
| Credit institutions430/8 | - | €13k | €21k | €22k | €20k | ▼ 10.2% |
| Trade debts44 | €24k | €22k | €22k | €28k | €21k | ▼ 25.6% |
| Suppliers440/4 | - | €22k | €22k | €28k | €21k | ▼ 25.6% |
| Taxes, remuneration and social security45 | - | €23k | €6k | €8k | €2k | ▼ 71.7% |
| Taxes450/3 | - | €11k | €6k | €8k | €2k | ▼ 71.7% |
| Remuneration and social security454/9 | - | €12k | €0 | - | - | - |
| Other amounts payable47/48 | - | €800 | €800 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €1k | €3k | €-4k | €3k | ▲ 171% |
| + Depreciation and write-downs630 | €7k | €4k | €3k | €3k | €2k | ▼ 10.3% |
| Operating cash flow (approximation) | €60k | €5k | €6k | €-939 | €5k | ▲ 624% |
| Investment in fixed assets (approximation) | - | €79k | €0 | €-3k | €-4k | ▼ 35.3% |
| Change in cash | - | €-2k | €-911 | €33 | €3k | ▲ 9,606% |
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
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
30-09
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-09
Financial
Highest result since 2018net €53k ▲648%
Operating result €63k, net result €53k, both a record.
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 159 days late
2019
30-09
Financial
Equity above €100kEq €103k ▲23.7%
2 profitable years in a row build equity to €103k.
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 45 days late
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, Aalst · 1 establishment unit since 2009
Ground area
380 m²
Building footprint
142 m²
Volume, LiDAR
664 m³
Parcel 41042B0496/00H000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BASEC
since 20092.183.288.371
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41042B0496/00H000 | Flanders | 380 m² | 1 · 142 m² | 6.8 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.
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 3,041 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
Founded08-10-2009
Fiscal year end30-09
Activities, NACEBEL 2025
43221Plumbing work
16230Manufacture of other builders' carpentry and joinery
Scores and ratios are computed by Checked and are not a credit decision.