BATHAD
ActiveSummary
The computed 12-month bankruptcy probability of BATHAD is 3.5% (moderate). The 2024 annual accounts show equity of €65k and a net result of €-33k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 86% of 6720 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The bankruptcy probability (3.5%) is taken into account and brings the score to 59. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-81
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity ample (current ratio 7.34 against 4.45 in 2023; short-term debt: 10.2% of total assets), and 21.1% 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.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
78.9%
Return on assets
-39.8%
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 25-05-2026, 298 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
298 d late
2023
108 d late
2022
182 d late
2021
112 d late
2020
132 d late
2019
108 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€103k▼ 21.8%
2023 · €132k
2018: €226k
2019: €305k▲ +34.8% vs 2018highest in 7 years
2020: €137k▼ -55.0% vs 2019
2021: €232k▲ +69.1% vs 2020
2022: €176k▼ -24.2% vs 2021
2023: €132k▼ -25.0% vs 2022
2024: €103k▼ -21.8% vs 2023lowest in 7 years
2018 → 2024
EBIT margin
-30.5%▼ 37.5pp
2023 · 7.0%
2018: 8.0%highest in 7 years
2019: 7.0%▼ -12.7% vs 2018
2020: 7.7%▲ +10.5% vs 2019
2021: 4.4%▼ -43.0% vs 2020
2022: 4.1%▼ -7.4% vs 2021
2023: 7.0%▲ +70.7% vs 2022
2024: -30.5%▼ -537% vs 2023lowest in 7 years
2018 → 2024
Net result
€-33k
2023 · €8k
2018: €18khighest in 7 years
2019: €14k▼ -23.2% vs 2018
2020: €10k▼ -24.4% vs 2019
2021: €9k▼ -8.7% vs 2020
2022: €7k▼ -29.8% vs 2021
2023: €8k▲ +22.1% vs 2022
2024: €-33k▼ -505% vs 2023lowest in 7 years
2018 → 2024
Working capital
€53k▼ 26.7%
2023 · €73k
2018: €-42klowest in 7 years
2019: €11k▲ +127% vs 2018
2020: €26k▲ +130% vs 2019
2021: €63k▲ +141% vs 2020
2022: €60k▼ -4.8% vs 2021
2023: €73k▲ +21.1% vs 2022highest in 7 years
2024: €53k▼ -26.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€137k-€232k▲ 69.1%€176k▼ 24.2%€132k▼ 25.0%€103k▼ 21.8%
2020: €137k
2021: €232k▲ +69.1% vs 2020highest in 5 years
2022: €176k▼ -24.2% vs 2021
2023: €132k▼ -25.0% vs 2022
2024: €103k▼ -21.8% vs 2023lowest in 5 years
Equity€74k-€83k▲ 12.8%€90k▲ 8.0%€98k▲ 9.0%€65k▼ 33.5%
2020: €74k
2021: €83k▲ +12.8% vs 2020
2022: €90k▲ +8.0% vs 2021
2023: €98k▲ +9.0% vs 2022highest in 5 years
2024: €65k▼ -33.5% vs 2023lowest in 5 years
Operating result€11k-€10k▼ 3.6%€7k▼ 29.8%€9k▲ 28.1%€-32k
2020: €11khighest in 5 years
2021: €10k▼ -3.6% vs 2020
2022: €7k▼ -29.8% vs 2021
2023: €9k▲ +28.1% vs 2022
2024: €-32k▼ -442% vs 2023lowest in 5 years
Net result€10k-€9k▼ 8.7%€7k▼ 29.8%€8k▲ 22.1%€-33k
2020: €10khighest in 5 years
2021: €9k▼ -8.7% vs 2020
2022: €7k▼ -29.8% vs 2021
2023: €8k▲ +22.1% vs 2022
2024: €-33k▼ -505% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €32k after €9k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €83k
Fixed assets
€21k ▼ 39.2%
Current assets
€62k ▼ 34.2%
Equity and liabilities €83k
Equity
€65k ▼ 33.5%
Debt
€17k ▼ 42.2%
Debt's share of the balance-sheet total falls from 23.5% to 21.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-18k▼
2023 · €23k
Cash flow
€-19k▼
2023 · €22k
Current ratio
7.34▲
2023 · 4.45
Debt to equity
0.27▼
2023 · 0.31
ROE
-50.4%▼
2023 · 8.3%
ROA
-39.8%▼
2023 · 6.3%
Interest coverage
-13.69▼
2023 · 20.38
Debt ≤ 1 year
€8k▼
2023 · €21k
Debt > 1 year
€9k=
2023 · €9k
Staff costs
€23k▼
2023 · €35k
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€128k€83k▼
Fixed assets21/28€34k€21k▼
Tangible fixed assets22/27€34k€21k▼
Furniture and vehicles24€34k€21k▼
Current assets29/58€94k€62k▼
Amounts receivable within one year40/41€63k€62k▼
Trade receivables40€2k€31k▲
Other amounts receivable41€61k€30k▼
Deferred charges and accrued income490/1€31k-
Equity and liabilities
Total equity and liabilities10/49€128k€83k▼
Equity10/15€98k€65k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€84k€51k▼
Amounts payable17/49€30k€17k▼
Amounts payable after more than one year17€9k€9k=
Financial debts170/4€9k€9k=
Amounts payable within one year42/48€21k€8k▼
Financial debts43€5k€4k▼
Credit institutions430/8€5k€4k▼
Trade debts44€756€4k▲
Suppliers440/4€756€4k▲
Taxes, remuneration and social security45€15k-
Taxes450/3€15k-
Income statement
Code20232024
Turnover70€132k€103k▼
Goods, raw materials, services and sundry goods60/61€95k€67k▼
Remuneration, social security and pensions62€35k€23k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€1k€31k▲
Gross operating margin9900€59k€36k▼
Operating profit (loss)9901€9k€-32k▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€8k€-33k▼
Profit (loss) for the period9904€8k€-33k▼
Profit (loss) for the period to be appropriated9905€8k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€51k▼
Profit (loss) brought forward from the previous period14P€76k€84k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €137k | €232k | €176k | €132k | €103k | ▼ 21.8% |
| Goods, raw materials, services and sundry goods60/61 | - | €209k | €120k | €95k | €67k | ▼ 29.9% |
| Remuneration, social security and pensions62 | - | €13k | €51k | €35k | €23k | ▼ 33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | - | - | €13k | €13k | = |
| Other operating charges640/8 | - | €60 | €30 | €1k | €31k | ▲ 2,121% |
| Gross operating margin9900 | €47k | €23k | €58k | €59k | €36k | ▼ 38.3% |
| Operating profit (loss)9901 | €11k | €10k | €7k | €9k | €-32k | ▼ 442% |
| Financial charges65/66B | - | €795 | €557 | €1k | €1k | ▲ 19.1% |
| Recurring financial charges65 | €278 | €795 | €557 | €1k | €1k | ▲ 19.1% |
| Profit (loss) for the period before taxes9903 | €10k | €9k | €7k | €8k | €-33k | ▼ 505% |
| Profit (loss) for the period9904 | €10k | €9k | €7k | €8k | €-33k | ▼ 505% |
| Profit (loss) for the period to be appropriated9905 | €10k | €9k | €7k | €8k | €-33k | ▼ 505% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100k | €119k | €129k | €128k | €83k | ▼ 35.5% |
| Fixed assets21/28 | €48k | €48k | €48k | €34k | €21k | ▼ 39.2% |
| Tangible fixed assets22/27 | €48k | €48k | €48k | €34k | €21k | ▼ 39.2% |
| Furniture and vehicles24 | - | €48k | €48k | €34k | €21k | ▼ 39.2% |
| Current assets29/58 | €52k | €72k | €81k | €94k | €62k | ▼ 34.2% |
| Amounts receivable within one year40/41 | €24k | €70k | €76k | €63k | €62k | ▼ 1.3% |
| Trade receivables40 | - | €362 | €14k | €2k | €31k | ▲ 1,683% |
| Other amounts receivable41 | - | €70k | €62k | €61k | €30k | ▼ 50.1% |
| Cash at bank and in hand54/58 | €29k | €1k | €3k | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €2k | €31k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100k | €119k | €129k | €128k | €83k | ▼ 35.5% |
| Equity10/15 | €74k | €83k | €90k | €98k | €65k | ▼ 33.5% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €60k | €69k | €76k | €84k | €51k | ▼ 39.2% |
| Amounts payable17/49 | €26k | €36k | €39k | €30k | €17k | ▼ 42.2% |
| Amounts payable after more than one year17 | - | €27k | €18k | €9k | €9k | = |
| Financial debts170/4 | - | €27k | €18k | €9k | €9k | = |
| Amounts payable within one year42/48 | €26k | €9k | €21k | €21k | €8k | ▼ 60.1% |
| Financial debts43 | - | €4k | €4k | €5k | €4k | ▼ 8.9% |
| Credit institutions430/8 | - | €4k | €4k | €5k | €4k | ▼ 8.9% |
| Trade debts44 | €1k | €4k | €13k | €756 | €4k | ▲ 424% |
| Suppliers440/4 | - | €4k | €13k | €756 | €4k | ▲ 424% |
| Taxes, remuneration and social security45 | - | €553 | €4k | €15k | - | - |
| Taxes450/3 | - | €553 | €4k | €15k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €9k | €7k | €8k | €-33k | ▼ 505% |
| + Depreciation and write-downs630 | €13k | - | - | €13k | €13k | = |
| Operating cash flow (approximation) | €24k | €9k | €7k | €22k | €-19k | ▼ 190% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-28k | €2k | - | - | - |
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
2026
25-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 298 days late
2024
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series.
16-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 108 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 182 days late
2022
20-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 112 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 8.34
Current ratio from 1.99 to 8.34; short-term debt falls from €26k to €9k.
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 132 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 108 days late
2019
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 100 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 169 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2017
Ground area
2,473 m²
Building footprint
792 m²
Volume, LiDAR
11,987 m³
2 parcels, Brussels · tallest building 20.0 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BATHAD
since 20172.265.811.122
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0344/00A000 | Brussels | 2,361 m² | 1 · 687 m² | 17.3 m · 5 fl. |
| 21012A0112/00T002 | Brussels | 112 m² | 1 · 104 m² | 20.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,168 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)
Founded12-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
Scores and ratios are computed by Checked and are not a credit decision.