Equity
€57,535 ▲ 69.4%
BATHCO has made a profit in every financial year since 2023.
BATHCO
Overview
Lifetime
3 annual accounts with figures on one time axispeak €34,886 (2025)
€34,886▲ 3.2%
peak €23,567 (2025)
€23,567▲ 5.4%
peak €57,535 (2025)
€57,535▲ 69.4%
€15,702▼ 34.6%
Board1 name since 2023
1 directorBAETENS,Thomas Stephen Luc
Documentsfilings and deeds
21-04-2026101 days before the deadline
2025micro format
Equity from €33,968 to €57,535Debts from €24,014 to €15,702
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 85% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,104 companies (NACE 69, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025highest value
04-2025: < 0.1%▼ -0.1 percentage points vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
lowers risk
Sector: Legal and accounting activities (NACE 69)
Liquidity: current ratio 4.45, cash €53,977
Equity €57,535 (78.6% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 87% of them on solvency, 86% on liquidity, 82% on profitability and 85% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as BATHCO has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BATHCO itself is lower: < 0.1% within 12 months. It rests on far more data about BATHCO than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for BATHCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.45 (2.13 in 2024), above the usual 1.5. Short-term debt is 21.4% and cash 73.7% of total assets. 21.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-04-2026, 101 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
101 days early
2024
139 days early
2023
33 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 91 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 April (3 of the last 3 accounts filed within 69 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0805639042
Registered office moved from Schoten to Schilde
New registered office: Louis Mariënlaan 9, 2970 Schilde · Previous registered office: Tulpenlaan 1, 2900 Schoten · Board meeting of 15-11-2023 · Gazette deed
Incorporation
Founding capital of €2,500, 1,000 shares · Founder: BAETENS, Thomas Stephen Luc · Appointment: BAETENS, Thomas Stephen Luc (director) · published on 12-09-2023 · Gazette deed
First establishment
Louis Mariënlaan 9, Schilde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BATHCO Schilde | €73,236 | €34,886 | 78.6% | - |
| Iluvatar Antwerp | €77,919 | €34,367 | 60.5% | - |
| FiscFlow Antwerp | €66,434 | €35,388 | 90.9% | - |
| Advocaat Julie Vermeulen Lier | €79,935 | €32,315 | 62.6% | - |
| Tominique Wuustwezel | €79,794 | €32,088 | 14.1% | - |
| EA LEGAL Antwerp | €76,867 | €35,956 | 46.7% | - |
| MAXICO Antwerp | €85,269 | €35,629 | 93.4% | - |
These companies have the same main activity as BATHCO: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €66,400 and €85,300, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 08-09-2023Normal situation
- Activity
- Activities of lawyersNACE 69101
- Establishment unit
- 2.349.563.6922970 Schilde, since 08-09-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 10-11-2025
Annual accounts 2025
- €34,886▲ 3.2%
- €23,567▲ 5.4%
- €57,535▲ 69.4%
- €73,236▲ 26.3%
- Filing
- Filed on 21-04-2026, 101 days before the end of the filing period
Insights on BATHCO
BATHCO files the micro format. That format states no turnover. The gross margin rose from €14,306 in 2023 to €34,886 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 21-04-2026, 101 days before the deadline€34,886
▲ 3.2%
€30,512
▲ 5.5%
€23,567
▲ 5.4%
€54,228
▲ 101%
78.6%
▲ 20.0 percentage points
4.45
▲ 2.33
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €97,000. Estimated: probably between €62,000 and €120,000.
Balance sheet
balance sheet total €73,236 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
78.6%
Higher than 76% of 15,834 companies in 2025.
4.45
Higher than 75% of 15,606 companies in 2025.
32.2%
Higher than 69% of 15,723 companies in 2025.
BATHCO
Middle half of the sector
80% of the sector
Micro accounts in legal and accounting (NACE 69)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
73,236 | 57,982 | 31,137 | |
21/28 |
3,307 | 6,940 | 9,604 | |
22/27 |
3,307 | 6,940 | 9,604 | |
24 |
3,307 | 6,940 | 9,604 | |
29/58 |
69,929 | 51,043 | 21,533 | |
40/41 |
15,406 | 0 | 9,105 | |
40 |
15,406 | 0 | 9,105 | |
54/58 |
53,977 | 50,161 | 12,427 | |
490/1 |
547 | 881 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
73,236 | 57,982 | 31,137 | |
10/15 |
57,535 | 33,968 | 11,599 | |
10/11 |
2,500 | 2,500 | 2,500 | |
14 |
55,035 | 31,468 | 9,099 | |
17/49 |
15,702 | 24,014 | 19,538 | |
42/48 |
15,702 | 24,014 | 19,538 | |
45 |
13,478 | 16,226 | 14,590 | |
450/3 |
13,478 | 16,226 | 14,590 | |
47/48 |
2,223 | 7,788 | 4,948 | |
| Income statement | ||||
9900 |
34,886 | 33,813 | 14,306 | |
62 |
175 | - | - | |
630 |
3,632 | 3,518 | 440 | |
640/8 |
566 | 1,375 | 356 | |
9901 |
30,512 | 28,921 | 13,509 | |
75/76B |
189 | 24 | - | |
75 |
189 | 24 | - | |
65/66B |
242 | 3 | 500 | |
65 |
242 | 3 | 500 | |
9903 |
30,459 | 28,942 | 13,009 | |
67/77 |
6,892 | 6,573 | 3,910 | |
9904 |
23,567 | 22,369 | 9,099 | |
9905 |
23,567 | 22,369 | 9,099 | |
| Appropriation of the result | ||||
9906 |
55,035 | 31,468 | 9,099 | |
14P |
31,468 | 9,099 | - | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 21-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 34,145 | 32,438 | 13,950 | ||
| 27,199 | 25,886 | 9,539 | ||
| 0 | 853 | 10,045 | ||
| 3,815 | 37,734 | - | ||
| 54,228 | 27,028 | 1,995 | ||
| 78.6% | 58.6% | 37.3% | ||
| 4.45 | 2.13 | 1.10 | ||
| 0.27 | 0.71 | 1.68 | ||
| 41.0% | 65.9% | 78.4% | ||
| 32.2% | 38.6% | 29.2% | ||
| over 100 | over 100 | 27.90 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €853 | €10,045 |
| €3,632 | €3,518 | €440 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on BATHCO
The operating result for 2025 is 6% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 41.4% to 21.4%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 06-09-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 21-04-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- The sole directordeed of 12-09-2023
Mandates through the years
1 name, the dashed line is todayBAETENS,Thomas Stephen Luc
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- BAETENS,Thomas Stephen Luc
- Director (not named in the articles), from 06-09-2023 to date
Control
Capital
- Contribution
- €2,500
- Shares
- 1,000
- Contribution per share
- €2.50
- Equity per share
- €57.53 in 2025
- Source
- deed of 12-09-2023
Articles of association
deed of 12-09-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 12-09-2023 ↗
- BAETENS,Thomas Stephen Luc 1,000 shares (100%) · in cash
Network & group
No group
BATHCO has no parent and no holdings in its annual accounts. BAETENS,Thomas Stephen Luc is the only director. BATHCO shares no director with another company.
At the same address
Louis Mariënlaan 9, 2970 Schilde · 1 other company| Dr. CYNTHIA LEYSEN
registered office since 22-09-2022 · founded in 2022 |
total assets €228,068 (2025) 0791.292.445 |
Timeline
Timeline
9 events since 2023Filings
Financial
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 101 days before the deadline
2025
Highest result from 2023 to 2025 net €23,567 ▲5.4% The operating result of €30,512 and the net result of €23,567 are both a record.
Liquidity more than doubled current ratio 4.45 The current ratio rises from 2.13 to 4.45. Short-term debt falls from €24,014 to €15,702.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0805639042
Annual accounts 2024 filed PDFmicro format · 139 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 33 days before the deadline
Registered office moved from Schoten to SchildeNew registered office: Louis Mariënlaan 9, 2970 Schilde · Previous registered office: Tulpenlaan 1, 2900 Schoten · Board meeting of 15-11-20232 points ▸
- Board meeting, 15-11-2023
- Registered-office move, Louis Mariënlaan 9, 2970 Schilde
2023
IncorporationFounding capital of €2,500, 1,000 shares · Founder: BAETENS, Thomas Stephen Luc · Appointment: BAETENS, Thomas Stephen Luc (director) · published on 12-09-20235 points ▸
- Founder, BAETENS, Thomas Stephen Luc
- Founding capital, €2,500, 1,000 shares
- Registered office clause, Tulpenlaan 1, 2900 Schoten
- Board rule, 1
- Director appointment, BAETENS, Thomas Stephen Luc (director (not named in the articles))
- The deed holds 3 more points.
First establishment Louis Mariënlaan 9, Schilde
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
BATHCO was incorporated on 8 September 2023 as a private limited company by one natural person, with a starting capital of €2,500.12 The registered office was moved to Schilde in 2024.3 Since 2023, BAETENS,Thomas Stephen Luc has served as director.4 Total assets rose from €31,137 in 2023 to €73,236 in 2025.5
Company details
Identity
- Enterprise number
- 0805.639.042
- VAT number
- BE 0805.639.042
- Peppol ID
- 0208:0805639042
- Other Peppol ID
- 9925:BE0805639042
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 08-09-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00deed of 12-09-2023 (in Dutch)
- Peppol
- Reachable since 10-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- BATHCO in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-09-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 12-09-2023 (in Dutch)
Activities
NACEBEL 202569101
Activities of lawyers main activity
Codes under NACEBEL 2008
69101
Activities of lawyers main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het uitoefenen van het beroep van advocaat door een persoon ingeschreven op het tableau van de Orde van advocaten; Alle andere activiteiten…”deed of 12-09-2023 (in Dutch)
13 activities
- Het uitoefenen van het beroep van advocaat door een persoon ingeschreven op het tableau van de Orde van advocaten.
- Alle andere activiteiten die verenigbaar zijn met het beroep van advocaat,voor zover toegelaten door de deontologische beginselen,de Codex Deontologie voor Advocaten en de reglementen van de Orden van Advocaten waarvan de aandeelhouder-bestuurder deel van uitmaakt.
- De vennootschap kan deelnemen in associaties of vennootschappen die hetzelfde voorwerp nastreven
- Zij mag,hetzij alleen,hetzij met anderen,rechtstreeks of onrechtstreeks,voor haar rekening of voor rekening van derden,alle roerende,onroerende of financiële handelingen verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die kunnen bijdragen tot de ontwikkeling ervan.
- De vennootschap kan haar geldmiddelen beleggen in roerende of onroerende goederen,met uitsluiting van iedere activiteit die onverenigbaar is met het beroep van advocaat.
- Het aan- en verkopen,huren en verhuren,beheren en renoveren van onroerende goederen voor eigen beheer.
- De vennootschap kan zich ten gunste van derden borg stellen of hen aval verlenen,hypothecaire of andere zekerheden verstrekken
- De vennootschap zal bij de uitoefening van haar activiteit de regels eigen aan het beroep van advocaat,zoals bepaald door de bevoegde overheden,eerbiedigen.
- Zij heeft in het algemeen de volle rechtsbekwaamheid om alle (burgerlijke-,commerciële-,industriële,financiële-,roerende en onroerende) handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp,rechtstreeks of onrechtstreeks,geheel of ten dele vergemakkelijken.
- Zij kan belangen nemen door associatie,inbreng,fusie,financiële tussenkomst of op gelijk welke andere wijze,in alle vennootschappen,verenigingen of ondernemingen met een identiek,gelijklopend of samenhangend voorwerp met het hare of die van aard kunnen zijn de ontwikkeling van haar onderneming te begunstigen of een bron van afzetten te vormen.
- Zij kan de functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen.
- De vennootschap mag zich borgstellen of zakelijke zekerheden verlenen ten voordele van vennootschappen of particulieren,in de meest ruime zin.
- In het geval de verrichting van bepaalde handelingen zou onderworpen zijn aan voorafgaande voorwaarden inzake toegang tot het beroep,zal de vennootschap haar optreden,wat betreft de verrichting van deze handelingen,aan de vervulling van deze voorwaarden ondergeschikt maken.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Louis Mariënlaan 9 registered office 2970 Schilde | 08-09-2023 | 2.349.563.692 |
1 former office
- Tulpenlaan 1, 2900 Schoten until 15-11-2023 · deed of 19-02-2024
Buildings and parcels at the address
- Ground area
- 142 m²
- Buildings
- 142 m²
- Volume, LiDAR
- 861 m³
- Tallest building
- 9.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11922B0466/00A006 | 142 m² | 1 · 142 m² | 9.6 m · 2 |