BASSECO
ActiveSummary
BASSECO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.26M and a net result of €45k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability64▲+30
Solvency90▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days only on tighter terms
Liquidity ample (current ratio 2.28 against 2.77 in 2023; short-term debt: 34.4% and cash: 18.9% of total assets), and 34.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2024Solvency, return and age of the figures
Solvency
65.4%
Return on assets
2.3%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-11-2025, 104 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
104 d late
2023
107 d late
2022
11 d late
2021
29 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2024, full schema
In the rankings
#1 company by total assets in Bassenge, Wholesale and retail trade sector#1 company by equity in Bassenge, Wholesale and retail trade sector#5 employer in Bassenge
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€45k▲ 360%
2023 · €10k
Working capital
€850k▲ 8.1%
2023 · €786k
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
Line20202021202220232024
Operating result€498k▲ 99.4%€357k▼ 28.4%€157k▼ 55.9%€18k▼ 88.8%€88k▲ 399%
Net result€373k▲ 129%€264k▼ 29.1%€111k▼ 58.0%€10k▼ 91.2%€45k▲ 360%
Equity€1.01M▲ 55.7%€1.24M▲ 22.5%€1.20M▼ 2.5%€1.21M▲ 0.8%€1.26M▲ 3.7%
Total assets€1.41M▲ 28.9%€1.63M▲ 15.7%€1.73M▲ 6.1%€1.66M▼ 3.6%€1.92M▲ 15.7%
Debt€397k▼ 10.2%€391k▼ 1.7%€521k▲ 33.2%€449k▼ 13.7%€665k▲ 48.1%
Working capital€786k▲ 74.2%€1.05M▲ 32.9%€1.04M▼ 0.1%€786k▼ 24.7%€850k▲ 8.1%
Staff (FTE)16.2▲ 8.0%15.6▼ 3.7%15.4▼ 1.3%15.9▲ 3.2%17.8▲ 11.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 399% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.92M
Fixed assets
€413k ▼ 4.6%
Current assets
€1.51M ▲ 22.8%
Equity and liabilities €1.92M
Equity
€1.26M ▲ 3.7%
Debt
€665k ▲ 48.1%
Debt's share of the balance-sheet total rises from 27.0% to 34.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€145k▲
2023 · €52k
Cash flow
€102k▲
2023 · €44k
Current ratio
2.28▼
2023 · 2.77
Quick ratio
1.71▼
2023 · 2.02
Debt to equity
0.53▲
2023 · 0.37
ROE
3.6%▲
2023 · 0.8%
ROA
2.3%▲
2023 · 0.6%
Interest coverage
5.03▲
2023 · 1.78
Debt ≤ 1 year
€662k▲
2023 · €445k
Debt > 1 year
€4k=
2023 · €4k
Income taxes
€20k▲
2023 · €153
Staff costs
€644k▲
2023 · €606k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €1k | €17k | ▲ 1,349% |
| Remuneration, social security and pensions62 | - | €453k | €510k | €606k | €644k | ▲ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €44k | €43k | €34k | €57k | ▲ 67.4% |
| Other operating charges640/8 | - | €5k | €24k | €38k | €38k | ▲ 0.8% |
| Non-recurring operating charges66A | - | €369 | €997 | €4k | €25 | ▼ 99.4% |
| Gross operating margin9900 | €983k | €859k | €735k | €700k | €827k | ▲ 18.2% |
| Operating profit (loss)9901 | €498k | €357k | €157k | €18k | €88k | ▲ 399% |
| Financial income75/76B | - | €13k | €16k | €23k | €28k | ▲ 23.7% |
| Recurring financial income75 | €12k | €13k | €16k | €23k | €28k | ▲ 23.7% |
| Financial charges65/66B | - | €22k | €23k | €30k | €51k | ▲ 68.8% |
| Recurring financial charges65 | €24k | €22k | €23k | €29k | €29k | ▼ 1.1% |
| Non-recurring financial charges66B | - | - | €-371 | €1k | €22k | ▲ 2,008% |
| Profit (loss) for the period before taxes9903 | €487k | €348k | €151k | €10k | €65k | ▲ 551% |
| Income taxes67/77 | €115k | €83k | €40k | €153 | €20k | ▲ 12,746% |
| Profit (loss) for the period9904 | €373k | €264k | €111k | €10k | €45k | ▲ 360% |
| Transfer from tax-exempt reserves789 | - | €31k | €36k | €168k | - | - |
| Transfer to tax-exempt reserves689 | - | €84k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €235k | €211k | €147k | €178k | €45k | ▼ 74.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.41M | €1.63M | €1.73M | €1.66M | €1.92M | ▲ 15.7% |
| Fixed assets21/28 | €226k | €195k | €165k | €433k | €413k | ▼ 4.6% |
| Tangible fixed assets22/27 | €212k | €181k | €151k | €414k | €396k | ▼ 4.3% |
| Land and buildings22 | - | €31k | €31k | €178k | €200k | ▲ 12.3% |
| Plant, machinery and equipment23 | - | €132k | €110k | €141k | €121k | ▼ 14.3% |
| Furniture and vehicles24 | - | €18k | €10k | €95k | €76k | ▼ 20.6% |
| Financial fixed assets28 | €14k | €15k | €14k | €20k | €18k | ▼ 10.3% |
| Current assets29/58 | €1.18M | €1.43M | €1.56M | €1.23M | €1.51M | ▲ 22.8% |
| Stocks and contracts in progress3 | €319k | €320k | €376k | €331k | €382k | ▲ 15.4% |
| Stocks30/36 | - | €320k | €376k | €331k | €382k | ▲ 15.4% |
| Amounts receivable within one year40/41 | €95k | €88k | €110k | €186k | €447k | ▲ 140% |
| Trade receivables40 | - | €53k | €55k | €82k | €134k | ▲ 62.4% |
| Other amounts receivable41 | - | €35k | €55k | €104k | €313k | ▲ 202% |
| Current investments50/53 | - | - | €400k | €500k | €300k | ▼ 40.0% |
| Cash at bank and in hand54/58 | €613k | €931k | €631k | €204k | €363k | ▲ 77.9% |
| Deferred charges and accrued income490/1 | - | €91k | €44k | €10k | €20k | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.41M | €1.63M | €1.73M | €1.66M | €1.92M | ▲ 15.7% |
| Equity10/15 | €1.01M | €1.24M | €1.20M | €1.21M | €1.26M | ▲ 3.7% |
| Contributions10/11 | €125k | €125k | €125k | €125k | €125k | = |
| Capital10 | - | €125k | €125k | €125k | €125k | = |
| Issued capital100 | - | €125k | €125k | €125k | €125k | = |
| Reserves13 | €684k | €731k | €731k | €731k | €731k | = |
| Non-distributable reserves130/1 | - | €13k | €13k | €13k | €13k | = |
| Legal reserve130 | - | €13k | €13k | €13k | €13k | = |
| Tax-exempt reserves132 | - | €288k | €253k | €84k | €84k | = |
| Distributable reserves133 | - | €430k | €465k | €634k | €634k | = |
| Profit (loss) carried forward14 | €200k | €380k | €349k | €359k | €404k | ▲ 12.5% |
| Amounts payable17/49 | €397k | €391k | €521k | €449k | €665k | ▲ 48.1% |
| Amounts payable after more than one year17 | €4k | €4k | €4k | €4k | €4k | = |
| Other amounts payable178/9 | - | €4k | €4k | €4k | €4k | = |
| Amounts payable within one year42/48 | €393k | €386k | €516k | €445k | €662k | ▲ 48.7% |
| Trade debts44 | €274k | €258k | €309k | €381k | €584k | ▲ 53.3% |
| Suppliers440/4 | - | €258k | €309k | €381k | €584k | ▲ 53.3% |
| Taxes, remuneration and social security45 | - | €70k | €66k | €62k | €71k | ▲ 14.7% |
| Taxes450/3 | - | €16k | €7k | €55 | €10k | ▲ 17,612% |
| Remuneration and social security454/9 | - | €55k | €59k | €62k | €62k | ▼ 0.7% |
| Other amounts payable47/48 | - | €57k | €141k | €1k | €6k | ▲ 334% |
| Accrued charges and deferred income492/3 | - | €1k | €537 | €754 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €373k | €264k | €111k | €10k | €45k | ▲ 360% |
| + Depreciation and write-downs630 | €41k | €44k | €43k | €34k | €57k | ▲ 67.4% |
| Operating cash flow (approximation) | €414k | €308k | €154k | €44k | €102k | ▲ 132% |
| Investment in fixed assets (approximation) | - | €-13k | €-12k | €-303k | €-38k | ▲ 87.6% |
| Change in cash | - | €318k | €-301k | €-426k | €159k | ▲ 137% |
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
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 104 days late
2024
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 107 days late
2023
31-12
Financial
Weakest financial yearnet €10k ▼91.2%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 11 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €373k ▲129%
Operating result €498k, net result €373k, both a record.
31-12
Financial
Equity above €1MEq €1.01M ▲55.7%
3 profitable years in a row build equity to €1.01M.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Equity above €500kEq €648k ▲33.5%
2 profitable years in a row build equity to €648k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 46 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Bassenge · 1 establishment unit since 2002
Ground area
5,808 m²
Building footprint
1,043 m²
Volume, LiDAR
5,049 m³
Parcel 62044A0721/00N000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
INTERMARCHE
since 20022.093.432.125
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62044A0721/00N000 | Wallonia | 5,808 m² | 1 · 1,043 m² | 7.9 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBassenge2.093.432.125
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Of 10,506 companies in sector 47110 we hold annual accounts for 5,849. 2,001 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.