Bat'Isan
ActiveSummary
Bat'Isan has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €3k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+19
Solvency62▼-33
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.58 against 2.99 in 2024; short-term debt: 52.3% and cash: 1.3% of total assets), and 63.1% 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
36.9%
Return on assets
1.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
45 d early
2023
27 d late
2022
24 d late
2021
29 d late
2020
30 d late
2019
30 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
€67k▲ 4.5%
2024 · €64k
2018: €2klowest in 8 years
2019: €8k▲ +217% vs 2018
2020: €57k▲ +648% vs 2019
2021: €62k▲ +8.6% vs 2020
2022: €70k▲ +12.0% vs 2021
2023: €77k▲ +10.3% vs 2022highest in 8 years
2024: €64k▼ -16.3% vs 2023
2025: €67k▲ +4.5% vs 2024
2018 → 2025
Total assets
€182k▲ 97.5%
2024 · €92k
2018: €53k
2019: €52k▼ -2.4% vs 2018lowest in 8 years
2020: €110k▲ +112% vs 2019
2021: €103k▼ -7.1% vs 2020
2022: €137k▲ +33.2% vs 2021
2023: €126k▼ -7.9% vs 2022
2024: €92k▼ -26.6% vs 2023
2025: €182k▲ +97.5% vs 2024highest in 8 years
2018 → 2025
Net result
€3k
2024 · €-13k
2018: €-6k
2019: €5k▲ +193% vs 2018
2020: €50k▲ +847% vs 2019highest in 8 years
2021: €5k▼ -90.1% vs 2020
2022: €7k▲ +51.1% vs 2021
2023: €7k▼ -3.8% vs 2022
2024: €-13k▼ -275% vs 2023lowest in 8 years
2025: €3k▲ +123% vs 2024
2018 → 2025
Working capital
€-40k
2024 · €35k
2018: €-6k
2019: €690▲ +112% vs 2018
2020: €32k▲ +4497% vs 2019
2021: €10k▼ -68.9% vs 2020
2022: €14k▲ +42.7% vs 2021
2023: €40k▲ +184% vs 2022highest in 8 years
2024: €35k▼ -11.6% vs 2023
2025: €-40k▼ -214% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€70k▲ 12.0%€77k▲ 10.3%€64k▼ 16.3%€67k▲ 4.5%
2021: €62klowest in 5 years
2022: €70k▲ +12.0% vs 2021
2023: €77k▲ +10.3% vs 2022highest in 5 years
2024: €64k▼ -16.3% vs 2023
2025: €67k▲ +4.5% vs 2024
Operating result€10k-€10k▲ 0.6%€13k▲ 30.5%€-11k€4k
2021: €10k
2022: €10k▲ +0.6% vs 2021
2023: €13k▲ +30.5% vs 2022highest in 5 years
2024: €-11k▼ -188% vs 2023lowest in 5 years
2025: €4k▲ +139% vs 2024
Net result€5k-€7k▲ 51.1%€7k▼ 3.8%€-13k€3k
2021: €5k
2022: €7k▲ +51.1% vs 2021highest in 5 years
2023: €7k▼ -3.8% vs 2022
2024: €-13k▼ -275% vs 2023lowest in 5 years
2025: €3k▲ +123% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €11k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €182k
Fixed assets
€127k ▲ 223%
Current assets
€55k ▲ 4.3%
Equity and liabilities €182k
Equity
€67k ▲ 4.5%
Debt
€115k ▲ 311%
Debt's share of the balance-sheet total rises from 30.3% to 63.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35k▲
2024 · €12k
Cash flow
€34k▲
2024 · €11k
Current ratio
0.58▼
2024 · 2.99
Debt to equity
1.71▲
2024 · 0.43
ROE
4.3%▲
2024 · -19.5%
ROA
1.6%▲
2024 · -13.6%
Interest coverage
24.75▲
2024 · 11.82
Debt ≤ 1 year
€95k▲
2024 · €18k
Debt > 1 year
€19k▲
2024 · €7k
Income taxes
€227▼
2024 · €244
Staff costs
€289k▲
2024 · €281k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€92k€182k▲
Fixed assets21/28€39k€127k▲
Tangible fixed assets22/27€38k€126k▲
Plant, machinery and equipment23€7k€7k▲
Furniture and vehicles24€27k€116k▲
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€1k€1k=
Current assets29/58€53k€55k▲
Amounts receivable within one year40/41€25k€46k▲
Trade receivables40€8k€11k▲
Other amounts receivable41€17k€35k▲
Cash at bank and in hand54/58€20k€2k▼
Deferred charges and accrued income490/1€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€92k€182k▲
Equity10/15€64k€67k▲
Contributions10/11€6k€6k=
Reserves13€71k€71k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€69k€69k=
Profit (loss) carried forward14€-13k€-10k▲
Amounts payable17/49€28k€115k▲
Amounts payable after more than one year17€7k€19k▲
Financial debts170/4€7k€19k▲
Amounts payable within one year42/48€18k€95k▲
Current portion of amounts payable after more than one year42€10k€14k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€5k€10k▲
Taxes450/3€1k-
Remuneration and social security454/9€4k€10k▲
Other amounts payable47/48€481€69k▲
Accrued charges and deferred income492/3€3k€708▼
Income statement
Code20242025
Remuneration, social security and pensions62€281k€289k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€31k▲
Other operating charges640/8€781€859▲
Gross operating margin9900€294k€325k▲
Operating profit (loss)9901€-11k€4k▲
Financial income75/76B€71€109▲
Recurring financial income75€71€109▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-12k€3k▲
Income taxes67/77€244€227▼
Profit (loss) for the period9904€-13k€3k▲
Profit (loss) for the period to be appropriated9905€-13k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-10k▲
Profit (loss) brought forward from the previous period14P-€-13k
The notes to these accounts (9 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 | €178k | €223k | €275k | €281k | €289k | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €20k | €23k | €23k | €31k | ▲ 32.4% |
| Other operating charges640/8 | €1k | €756 | €772 | €781 | €859 | ▲ 10.0% |
| Gross operating margin9900 | €205k | €254k | €312k | €294k | €325k | ▲ 10.4% |
| Operating profit (loss)9901 | €10k | €10k | €13k | €-11k | €4k | ▲ 139% |
| Financial income75/76B | €34 | €104 | €66 | €71 | €109 | ▲ 53.3% |
| Recurring financial income75 | €34 | €104 | €66 | €71 | €109 | ▲ 53.3% |
| Financial charges65/66B | €773 | €1k | €1k | €1k | €1k | ▲ 40.7% |
| Recurring financial charges65 | €773 | €1k | €1k | €1k | €1k | ▲ 40.7% |
| Profit (loss) for the period before taxes9903 | €9k | €9k | €12k | €-12k | €3k | ▲ 125% |
| Income taxes67/77 | €4k | €1k | €5k | €244 | €227 | ▼ 7.1% |
| Profit (loss) for the period9904 | €5k | €7k | €7k | €-13k | €3k | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €5k | €7k | €7k | €-13k | €3k | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103k | €137k | €126k | €92k | €182k | ▲ 97.5% |
| Fixed assets21/28 | €62k | €77k | €54k | €39k | €127k | ▲ 223% |
| Tangible fixed assets22/27 | €61k | €76k | €53k | €38k | €126k | ▲ 229% |
| Plant, machinery and equipment23 | €9k | €9k | €6k | €7k | €7k | ▲ 6.3% |
| Furniture and vehicles24 | €52k | €67k | €47k | €27k | €116k | ▲ 325% |
| Other tangible fixed assets26 | - | - | - | €4k | €3k | ▼ 23.9% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €41k | €60k | €72k | €53k | €55k | ▲ 4.3% |
| Amounts receivable within one year40/41 | €22k | €40k | €32k | €25k | €46k | ▲ 81.7% |
| Trade receivables40 | €11k | €28k | €19k | €8k | €11k | ▲ 34.4% |
| Other amounts receivable41 | €11k | €12k | €13k | €17k | €35k | ▲ 105% |
| Cash at bank and in hand54/58 | €9k | €14k | €32k | €20k | €2k | ▼ 88.2% |
| Deferred charges and accrued income490/1 | €9k | €6k | €8k | €8k | €7k | ▼ 14.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103k | €137k | €126k | €92k | €182k | ▲ 97.5% |
| Equity10/15 | €62k | €70k | €77k | €64k | €67k | ▲ 4.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €56k | €64k | €71k | €71k | €71k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €54k | €62k | €69k | €69k | €69k | = |
| Profit (loss) carried forward14 | - | - | - | €-13k | €-10k | ▲ 22.9% |
| Amounts payable17/49 | €40k | €67k | €49k | €28k | €115k | ▲ 311% |
| Amounts payable after more than one year17 | €8k | €20k | €12k | €7k | €19k | ▲ 179% |
| Financial debts170/4 | €8k | €20k | €12k | €7k | €19k | ▲ 179% |
| Amounts payable within one year42/48 | €31k | €46k | €32k | €18k | €95k | ▲ 438% |
| Current portion of amounts payable after more than one year42 | €7k | €13k | €13k | €10k | €14k | ▲ 41.8% |
| Trade debts44 | €5k | €10k | €5k | €2k | €2k | ▼ 6.6% |
| Suppliers440/4 | €5k | €10k | €5k | €2k | €2k | ▼ 6.6% |
| Taxes, remuneration and social security45 | €10k | €17k | €10k | €5k | €10k | ▲ 93.2% |
| Taxes450/3 | €9k | €37 | €771 | €1k | - | - |
| Remuneration and social security454/9 | €472 | €17k | €9k | €4k | €10k | ▲ 140% |
| Other amounts payable47/48 | €9k | €6k | €5k | €481 | €69k | ▲ 14,275% |
| Accrued charges and deferred income492/3 | €1k | €977 | €5k | €3k | €708 | ▼ 79.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €7k | €7k | €-13k | €3k | ▲ 123% |
| + Depreciation and write-downs630 | €16k | €20k | €23k | €23k | €31k | ▲ 32.4% |
| Operating cash flow (approximation) | €21k | €28k | €30k | €11k | €34k | ▲ 213% |
| Investment in fixed assets (approximation) | - | €-35k | €0 | €-9k | €-119k | ▼ 1,199% |
| Change in cash | - | €5k | €19k | €-13k | €-17k | ▼ 36.0% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €50k ▲847%
Operating result €74k, net result €50k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Remicourt · 1 establishment unit since 2016
Ground area
1,143 m²
Building footprint
114 m²
Parcel 64050B0278/00P000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Bat'lsan
since 20162.255.771.820
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64050B0278/00P000 | Wallonia | 1,143 m² | 1 · 114 m² | - |
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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,222 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 (pre-2019)
Founded24-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43222Installation of electric heating, air conditioning, cooling and ventilation
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43341Painting of buildings
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.