BAT-EAU
ActiveBAT-EAU has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €904 and a net result of €-664. Equity is shrinking by ~25.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 14% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability21▲+21
Solvency34▼-8
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.1 against 1.2 in 2024; short-term debt: 90.9% of total assets), and 90.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 43
higher
← 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
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 2025Solvency, return and age of the figures
Solvency
9.1%
Return on assets
-6.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
43 d early
2023
20 d late
2022
5 d early
2021
31 d late
2020
118 d late
2019
91 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€904▼ 42.3%
2024 · €2k
2018: €7k
2019: €33k
2020: €5k
2021: €11k
2022: €5k
2023: €3k
2024: €2k
2018 → 2025
Total assets
€10k▲ 6.7%
2024 · €9k
2018: €45k
2019: €56k
2020: €16k
2021: €19k
2022: €20k
2023: €19k
2024: €9k
2018 → 2025
Net result
€-664▲ 64.2%
2024 · €-2k
2018: €-15k
2019: €26k
2020: €-28k
2021: €6k
2022: €-6k
2023: €-1k
2024: €-2k
2018 → 2025
Working capital
€904▼ 42.3%
2024 · €2k
2018: €7k
2019: €33k
2020: €5k
2021: €11k
2022: €5k
2023: €3k
2024: €2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€5k▼ 57.0%€3k▼ 28.0%€2k▼ 54.2%€904▼ 42.3%
Operating result€6k-€-6k€-1k▲ 81.6%€-1k▼ 23.0%€-131▲ 90.6%
Net result€6k-€-6k€-1k▲ 78.9%€-2k▼ 39.6%€-664▲ 64.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €131 in 2025 against €1k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €10k
Equity
€904▼ 42.3%
Debt
€9k▲ 16.6%
The debt ratio rises from 83.2% to 90.9%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
9.1%▼
2024 · 16.8%
Current ratio
1.10▼
2024 · 1.20
Quick ratio
1.10▼
2024 · 1.20
ROA
-6.7%▲
2024 · -19.8%
Debt
€9k▲
2024 · €8k
Debt ≤ 1 year
€9k▲
2024 · €8k
Equity ratios withheld: equity of €904 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9k€10k▲
Current assets29/58€9k€10k▲
Amounts receivable within one year40/41€9k€10k▲
Trade receivables40€9k€10k▲
Other amounts receivable41-€95
Equity and liabilities
Total equity and liabilities10/49€9k€10k▲
Equity10/15€2k€904▼
Contributions10/11€20k€20k=
Reserves13€3k€3k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€500€500=
Profit (loss) carried forward14€-21k€-22k▼
Amounts payable17/49€8k€9k▲
Amounts payable within one year42/48€8k€9k▲
Financial debts43€3k€4k▲
Credit institutions430/8€3k€4k▲
Trade debts44€100€400▲
Suppliers440/4€100€400▲
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Other amounts payable47/48€4k€5k▲
Income statement
Code20242025
Other operating charges640/8€149€149=
Gross operating margin9900€-1k€18▲
Operating profit (loss)9901€-1k€-131▲
Financial charges65/66B€456€533▲
Recurring financial charges65€456€533▲
Profit (loss) for the period before taxes9903€-2k€-664▲
Profit (loss) for the period9904€-2k€-664▲
Profit (loss) for the period to be appropriated9905€-2k€-664▲
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-22k▼
Profit (loss) brought forward from the previous period14P€-19k€-21k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 118 days late
2020
31-12
Financial
Weakest financial yearnet €-28k ▼206%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.90
Current ratio from 1.25 to 2.90; short-term debt falls from €27k to €17k.
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Rebecq · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chemin du Gibet 111430 RebecqGround area
244 m²
Building footprint
86 m²
Volume, LiDAR
432 m³
Parcel 25090F0117/00B002, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BAT-EAU SPRL
since 19982.088.671.405
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25090F0117/00B002 | Wallonia | 244 m² | 1 · 86 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Ionut Construct
BE 0761.882.342
Sint-Pieters-Leeuw · Eq €902
BASSIN
BE 0754.416.807
Merelbeke-Melle · Eq €906
ROUFFA
BE 0784.587.369
Lanaken · Eq €912
AGN Construct
BE 0779.423.605
Sint-Lievens-Houtem · Eq €912
AXG SERVICES
BE 0838.281.423
Seneffe · Eq €877
Of 15,542 companies in sector 43990 we hold annual accounts for 7,421. 610 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-09-1998
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.