BATHI
ActiveSummary
BATHI has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €160,513 and a net result of €17,633. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 55% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-5
Solvency87▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 2.54 against 5.3 in 2024; short-term debt: 32.8% and cash: 38.1% of total assets), and 38.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
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
61.6%
Return on assets
6.8%
Age of the figures
9 mo
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
44 d early
2023
50 d early
2022
77 d early
2021
61 d early
2020
75 d early
2019
79 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 66 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€160,513▼ 4.4%
2024 · €167,879
Total assets
€260,389▲ 20.4%
2024 · €216,325
Net result
€17,633▼ 22.5%
2024 · €22,753
Working capital
€131,572▼ 5.5%
2024 · €139,287
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€32,827▲ 14.4%€43,438▲ 32.3%€39,135▼ 9.9%€31,008▼ 20.8%€23,071▼ 25.6%
Net result€22,994within the sector's middle half▲ 14.1%€31,298within the sector's middle half▲ 36.1%€29,153within the sector's middle half▼ 6.9%€22,753within the sector's middle half▼ 22.0%€17,633within the sector's middle half▼ 22.5%
Equity€94,676within the sector's middle half▲ 25.1%€119,973within the sector's middle half▲ 26.7%€145,127within the sector's middle half▲ 21.0%€167,879within the sector's middle half▲ 15.7%€160,513within the sector's middle half▼ 4.4%
Total assets€155,197within the sector's middle half▲ 13.7%€166,893within the sector's middle half▲ 7.5%€189,999within the sector's middle half▲ 13.8%€216,325within the sector's middle half▲ 13.9%€260,389within the sector's middle half▲ 20.4%
Debt€60,521▼ 0.6%€46,920▼ 22.5%€44,873▼ 4.4%€48,446▲ 8.0%€99,877▲ 106%
Working capital€66,592within the sector's middle half▲ 50.4%€93,719within the sector's middle half▲ 40.7%€117,409within the sector's middle half▲ 25.3%€139,287within the sector's middle half▲ 18.6%€131,572within the sector's middle half▼ 5.5%
Solvency61.0%within the sector's middle half▲ 5.6pp71.9%within the sector's middle half▲ 10.9pp76.4%within the sector's middle half▲ 4.5pp77.6%within the sector's middle half▲ 1.2pp61.6%within the sector's middle half▼ 16.0pp
Current ratio2.70within the sector's middle half▲ 0.364.45within the sector's middle half▲ 1.755.33above the sector's middle half▲ 0.885.30above the sector's middle half▼ 0.032.54within the sector's middle half▼ 2.76
Return on assets (ROA)14.8%within the sector's middle half▲ 0.1pp18.8%within the sector's middle half▲ 3.9pp15.3%within the sector's middle half▼ 3.4pp10.5%within the sector's middle half▼ 4.8pp6.8%within the sector's middle half▼ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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 has fallen three years in a row; 2025 is 26% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260,389
Fixed assets
€43,417 ▼ 2.8%
Current assets
€216,972 ▲ 26.4%
Equity and liabilities €260,389
Equity
€160,513 ▼ 4.4%
Debt
€99,877 ▲ 106%
Debt's share of the balance-sheet total rises from 22.4% to 38.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€28,439▼
2024 · €35,217
Cash flow
€23,001▼
2024 · €26,962
Debt to equity
0.62▲
2024 · 0.29
ROE
11.0%▼
2024 · 13.6%
Interest coverage
35.76▲
2024 · 34.79
Debt ≤ 1 year
€85,400▲
2024 · €32,388
Debt > 1 year
€12,681▼
2024 · €14,737
Income taxes
€8,022▼
2024 · €9,992
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 | €12,764 | €3,439 | €3,898 | €4,209 | €5,368 | ▲ 27.5% |
| Other operating charges640/8 | €3,066 | €3,458 | €6,772 | €2,232 | €2,116 | ▼ 5.2% |
| Gross operating margin9900 | €48,657 | €50,336 | €49,804 | €37,449 | €30,555 | ▼ 18.4% |
| Operating profit (loss)9901 | €32,827 | €43,438 | €39,135 | €31,008 | €23,071 | ▼ 25.6% |
| Financial income75/76B | €1,907 | €2,329 | €2,182 | €2,750 | €3,379 | ▲ 22.9% |
| Recurring financial income75 | €1,907 | €2,329 | €2,182 | €2,750 | €3,379 | ▲ 22.9% |
| Financial charges65/66B | €946 | €1,045 | €1,037 | €1,012 | €795 | ▼ 21.4% |
| Recurring financial charges65 | €946 | €1,045 | €1,037 | €1,012 | €795 | ▼ 21.4% |
| Profit (loss) for the period before taxes9903 | €33,787 | €44,723 | €40,280 | €32,745 | €25,655 | ▼ 21.7% |
| Income taxes67/77 | €10,794 | €13,425 | €11,127 | €9,992 | €8,022 | ▼ 19.7% |
| Profit (loss) for the period9904 | €22,994 | €31,298 | €29,153 | €22,753 | €17,633 | ▼ 22.5% |
| Profit (loss) for the period to be appropriated9905 | €22,994 | €31,298 | €29,153 | €22,753 | €17,633 | ▼ 22.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €155,197 | €166,893 | €189,999 | €216,325 | €260,389 | ▲ 20.4% |
| Fixed assets21/28 | €49,455 | €46,016 | €45,482 | €44,651 | €43,417 | ▼ 2.8% |
| Tangible fixed assets22/27 | €48,096 | €44,657 | €44,123 | €43,292 | €42,058 | ▼ 2.9% |
| Land and buildings22 | €42,436 | €40,261 | €38,085 | €35,910 | €33,734 | ▼ 6.1% |
| Plant, machinery and equipment23 | - | - | €1,815 | €1,379 | €944 | ▼ 31.6% |
| Furniture and vehicles24 | €4,196 | €3,115 | €3,125 | €5,088 | €6,648 | ▲ 30.7% |
| Other tangible fixed assets26 | €1,464 | €1,281 | €1,098 | €915 | €732 | ▼ 20.0% |
| Financial fixed assets28 | €1,359 | €1,359 | €1,359 | €1,359 | €1,359 | = |
| Current assets29/58 | €105,742 | €120,877 | €144,517 | €171,674 | €216,972 | ▲ 26.4% |
| Amounts receivable within one year40/41 | €60,156 | €65,511 | €69,632 | €102,519 | €109,918 | ▲ 7.2% |
| Trade receivables40 | €28,671 | €30,806 | €30,088 | €55,855 | €59,830 | ▲ 7.1% |
| Other amounts receivable41 | €31,484 | €34,704 | €39,544 | €46,664 | €50,088 | ▲ 7.3% |
| Cash at bank and in hand54/58 | €44,390 | €53,952 | €57,356 | €57,146 | €99,194 | ▲ 73.6% |
| Deferred charges and accrued income490/1 | €1,196 | €1,415 | €17,529 | €12,010 | €7,860 | ▼ 34.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €155,197 | €166,893 | €189,999 | €216,325 | €260,389 | ▲ 20.4% |
| Equity10/15 | €94,676 | €119,973 | €145,127 | €167,879 | €160,513 | ▼ 4.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €59,360 | €84,360 | €109,360 | €131,360 | €123,860 | ▼ 5.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €57,500 | €82,500 | €107,500 | €129,500 | €122,000 | ▼ 5.8% |
| Profit (loss) carried forward14 | €16,716 | €17,013 | €17,167 | €17,919 | €18,053 | ▲ 0.7% |
| Amounts payable17/49 | €60,521 | €46,920 | €44,873 | €48,446 | €99,877 | ▲ 106% |
| Amounts payable after more than one year17 | €20,604 | €18,697 | €16,742 | €14,737 | €12,681 | ▼ 14.0% |
| Financial debts170/4 | €20,604 | €18,697 | €16,742 | €14,737 | €12,681 | ▼ 14.0% |
| Amounts payable within one year42/48 | €39,149 | €27,159 | €27,108 | €32,388 | €85,400 | ▲ 164% |
| Current portion of amounts payable after more than one year42 | €7,344 | €1,907 | €1,955 | €2,005 | €4,264 | ▲ 113% |
| Financial debts43 | - | - | - | €54 | - | - |
| Credit institutions430/8 | - | - | - | €54 | - | - |
| Trade debts44 | €9,836 | €6,749 | €9,015 | €20,089 | €40,975 | ▲ 104% |
| Suppliers440/4 | €9,836 | €6,749 | €9,015 | €20,089 | €40,975 | ▲ 104% |
| Taxes, remuneration and social security45 | €16,369 | €11,803 | €12,338 | €9,239 | €15,412 | ▲ 66.8% |
| Taxes450/3 | €16,362 | €11,803 | €11,785 | €9,172 | €11,158 | ▲ 21.7% |
| Remuneration and social security454/9 | €8 | - | €553 | €67 | €4,254 | ▲ 6,274% |
| Other amounts payable47/48 | €5,600 | €6,700 | €3,800 | €1,000 | €24,750 | ▲ 2,375% |
| Accrued charges and deferred income492/3 | €768 | €1,064 | €1,022 | €1,321 | €1,795 | ▲ 35.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,994 | €31,298 | €29,153 | €22,753 | €17,633 | ▼ 22.5% |
| + Depreciation and write-downs630 | €12,764 | €3,439 | €3,898 | €4,209 | €5,368 | ▲ 27.5% |
| Operating cash flow (approximation) | €35,757 | €34,737 | €33,051 | €26,962 | €23,001 | ▼ 14.7% |
| Investment in fixed assets (approximation) | - | €0 | -€3,364 | -€3,378 | -€4,133 | ▼ 22.4% |
| Change in cash | - | €9,562 | €3,404 | -€210 | €42,049 | ▲ 20,147% |
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
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €167,879 ▲15.7%
7 profitable years in a row build equity to €167,879.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €31,298 ▲36.1%
Operating result €43,438, net result €31,298, both a record.
31-12
Financial
Equity above €100,000Eq €119,973 ▲26.7%
5 profitable years in a row build equity to €119,973.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Etterbeek · 1 establishment unit since 2002
Ground area
570 m²
Building footprint
570 m²
Volume, LiDAR
17,320 m³
Parcel 21005A0423/00G007, Brussels · tallest building 40.9 m, ±10 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BATHI
since 20022.256.643.533
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0423/00G007 | Brussels | 570 m² | 1 · 570 m² | 40.9 m · 10 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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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,512 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
Founded01-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476590494
Also
9925:BE0476590494
Registered
06-08-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.