BAT-GIER
ActiveSummary
BAT-GIER has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€73,755) and a net result of €5,301. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 10% of 11693 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▲+39
Solvency0=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 0.91 in 2024; short-term debt: 100.6% and cash: 6.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-78.3%
Return on assets
5.6%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 11693 sector peers (2025).
NBB · sector comparisonPosition among 11693 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
4 d early
2022
14 d early
2021
33 d early
2020
17 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 25 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close01-10-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€73,755▲ 6.7%
2024 · -€79,056
Total assets
€94,179▲ 4.3%
2024 · €90,275
Net result
€5,301
2024 · -€1,563
Working capital
-€1,742▲ 79.5%
2024 · -€8,479
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,138€4,180▼ 62.5%€1,862▼ 55.5%€384▼ 79.3%€7,235▲ 1,782%
Net result€9,504within the sector's middle half€1,656within the sector's middle half▼ 82.6%-€258within the sector's middle half-€1,563within the sector's middle half▼ 506%€5,301within the sector's middle half
Equity-€78,891below the sector's middle half▲ 10.8%-€77,235below the sector's middle half▲ 2.1%-€77,493below the sector's middle half▼ 0.3%-€79,056below the sector's middle half▼ 2.0%-€73,755below the sector's middle half▲ 6.7%
Total assets€100,182within the sector's middle half▲ 1.3%€97,991within the sector's middle half▼ 2.2%€90,223within the sector's middle half▼ 7.9%€90,275within the sector's middle half▲ 0.1%€94,179within the sector's middle half▲ 4.3%
Debt€179,073▼ 4.4%€175,226▼ 2.1%€167,715▼ 4.3%€169,331▲ 1.0%€167,934▼ 0.8%
Working capital-€11,562below the sector's middle half▲ 49.6%-€7,202below the sector's middle half▲ 37.7%-€6,293within the sector's middle half▲ 12.6%-€8,479below the sector's middle half▼ 34.7%-€1,742within the sector's middle half▲ 79.5%
Solvency-78.7%below the sector's middle half▲ 10.6pp-78.8%below the sector's middle half▼ 0.1pp-85.9%below the sector's middle half▼ 7.1pp-87.6%below the sector's middle half▼ 1.7pp-78.3%below the sector's middle half▲ 9.3pp
Current ratio0.90below the sector's middle half▲ 0.080.93within the sector's middle half▲ 0.040.93within the sector's middle half=0.91within the sector's middle half▼ 0.020.98within the sector's middle half▲ 0.07
Return on assets (ROA)9.5%within the sector's middle half▲ 20.2pp1.7%within the sector's middle half▼ 7.8pp-0.3%within the sector's middle half▼ 2.0pp-1.7%within the sector's middle half▼ 1.4pp5.6%within the sector's middle half▲ 7.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,782% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94,179
Fixed assets
€1,174 ▼ 23.8%
Current assets
€93,005 ▲ 4.8%
Equity and liabilities
Equity-€73,755
Debt€167,934
Equity is negative: debt (€167,934) exceeds the balance-sheet total (€94,179).
Key figures and ratios
EBITDA
€7,602▲
2024 · €678
Cash flow
€5,668▲
2024 · -€1,270
Quick ratio
0.10▲
2024 · 0.09
Interest coverage
3.95▲
2024 · 0.36
Debt ≤ 1 year
€94,747▼
2024 · €97,214
Debt > 1 year
€50,000=
2024 · €50,000
Income taxes
€390=
2024 · €390
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,632 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €120 | €120 | - | €294 | €367 | ▲ 24.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,135 | €2,609 | €2,841 | €4,390 | ▲ 54.5% |
| Other operating charges640/8 | - | €1,551 | €1,974 | €1,745 | €1,772 | ▲ 1.5% |
| Gross operating margin9900 | €22,788 | €9,986 | €6,444 | €5,264 | €13,764 | ▲ 161% |
| Operating profit (loss)9901 | €11,138 | €4,180 | €1,862 | €384 | €7,235 | ▲ 1,782% |
| Financial income75/76B | - | €45 | €208 | €331 | €379 | ▲ 14.4% |
| Recurring financial income75 | €7 | €45 | €208 | €331 | €379 | ▲ 14.4% |
| Financial charges65/66B | - | €2,178 | €1,938 | €1,889 | €1,923 | ▲ 1.8% |
| Recurring financial charges65 | €1,585 | €2,178 | €1,938 | €1,889 | €1,923 | ▲ 1.8% |
| Profit (loss) for the period before taxes9903 | €9,560 | €2,046 | €132 | -€1,173 | €5,691 | ▲ 585% |
| Income taxes67/77 | €57 | €390 | €390 | €390 | €390 | = |
| Profit (loss) for the period9904 | €9,504 | €1,656 | -€258 | -€1,563 | €5,301 | ▲ 439% |
| Profit (loss) for the period to be appropriated9905 | €9,504 | €1,656 | -€258 | -€1,563 | €5,301 | ▲ 439% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100,182 | €97,991 | €90,223 | €90,275 | €94,179 | ▲ 4.3% |
| Fixed assets21/28 | €120 | - | - | €1,540 | €1,174 | ▼ 23.8% |
| Tangible fixed assets22/27 | €120 | - | - | €1,540 | €1,174 | ▼ 23.8% |
| Other tangible fixed assets26 | - | - | - | €1,540 | €1,174 | ▼ 23.8% |
| Current assets29/58 | €100,062 | €97,991 | €90,223 | €88,735 | €93,005 | ▲ 4.8% |
| Stocks and contracts in progress3 | €77,369 | €68,539 | €83,579 | €80,405 | €83,986 | ▲ 4.5% |
| Stocks30/36 | - | €68,539 | €83,579 | €80,405 | €83,986 | ▲ 4.5% |
| Amounts receivable within one year40/41 | €2,407 | €16,342 | €1,939 | €2,357 | €946 | ▼ 59.9% |
| Trade receivables40 | - | €15,423 | €1,341 | €1,590 | - | - |
| Other amounts receivable41 | - | €919 | €598 | €768 | €946 | ▲ 23.1% |
| Cash at bank and in hand54/58 | €18,577 | €12,762 | €4,320 | €3,378 | €6,212 | ▲ 83.9% |
| Deferred charges and accrued income490/1 | - | €348 | €385 | €2,594 | €1,861 | ▼ 28.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100,182 | €97,991 | €90,223 | €90,275 | €94,179 | ▲ 4.3% |
| Equity10/15 | -€78,891 | -€77,235 | -€77,493 | -€79,056 | -€73,755 | ▲ 6.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€85,091 | -€83,435 | -€83,693 | -€85,256 | -€79,955 | ▲ 6.2% |
| Amounts payable17/49 | €179,073 | €175,226 | €167,715 | €169,331 | €167,934 | ▼ 0.8% |
| Amounts payable after more than one year17 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Financial debts170/4 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Amounts payable within one year42/48 | €111,625 | €105,193 | €96,516 | €97,214 | €94,747 | ▼ 2.5% |
| Trade debts44 | €20,129 | €18,228 | €13,040 | €11,657 | €7,841 | ▼ 32.7% |
| Suppliers440/4 | - | €18,228 | €13,040 | €11,657 | €7,841 | ▼ 32.7% |
| Taxes, remuneration and social security45 | - | €8,455 | €4,737 | €5,726 | €5,666 | ▼ 1.0% |
| Taxes450/3 | - | €8,455 | €4,737 | €5,726 | €5,666 | ▼ 1.0% |
| Other amounts payable47/48 | - | €78,509 | €78,740 | €79,832 | €81,239 | ▲ 1.8% |
| Accrued charges and deferred income492/3 | - | €20,033 | €21,199 | €22,117 | €23,187 | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,504 | €1,656 | -€258 | -€1,563 | €5,301 | ▲ 439% |
| + Depreciation and write-downs630 | €120 | €120 | - | €294 | €367 | ▲ 24.9% |
| Operating cash flow (approximation) | €9,624 | €1,776 | -€258 | -€1,270 | €5,668 | ▲ 546% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | -€5,815 | -€8,443 | -€941 | €2,833 | ▲ 401% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €5,301
Net result €5,301 after 2 loss-making years.
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €9,504
Net result €9,504 after 2 loss-making years.
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet -€10,582
Net result drops to -€10,582, the lowest in the series; recovery starts the following year.
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
16-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Destelbergen · 1 establishment unit since 2013
Ground area
428 m²
Building footprint
428 m²
Volume, LiDAR
2,143 m³
Parcel 44013B0282/00C000, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Paper Planes
since 20132.215.229.580
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013B0282/00C000 | Flanders | 428 m² | 1 · 428 m² | 9.2 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,277 companies in this sector we hold annual accounts for 687. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded19-12-2012
Fiscal year end31-03
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47721Retail sale of footwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0508716894
Also
9925:BE0508716894
Registered
30-09-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.