Bati
ActiveSummary
Bati has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162,866 and a net result of €26,497. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 94% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+88
Solvency100=
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 18.35 against 11.46 in 2024; short-term debt: 5.4% and cash: 17.8% of total assets), and 5.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
94.6%
Return on assets
15.4%
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
49 d early
2023
8 d early
2022
25 d early
2021
24 d early
2020
19 d early
2019
21 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 29 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#1 oldest company in Merchtem, Real estate sector
Equity
€162,866▲ 19.4%
2024 · €136,369
Total assets
€172,114▲ 15.5%
2024 · €148,990
Net result
€26,497
2024 · -€25,752
Working capital
€160,440▲ 21.5%
2024 · €132,021
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€41,841€38,541€9,917▼ 74.3%-€30,818€26,352
Net result-€42,272€39,082€8,322▼ 78.7%-€25,752€26,497
Equity€114,717▼ 26.9%€153,799▲ 34.1%€162,121▲ 5.4%€136,369▼ 15.9%€162,866▲ 19.4%
Total assets€144,628▼ 20.7%€166,377▲ 15.0%€173,873▲ 4.5%€148,990▼ 14.3%€172,114▲ 15.5%
Debt€29,911▲ 18.2%€12,577▼ 58.0%€11,752▼ 6.6%€12,620▲ 7.4%€9,248▼ 26.7%
Working capital€107,549▼ 30.7%€148,873▲ 38.4%€155,851▲ 4.7%€132,021▼ 15.3%€160,440▲ 21.5%
Staff (FTE)
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: €26,352 after a loss of €30,818 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172,114
Fixed assets
€2,426 ▼ 44.2%
Current assets
€169,688 ▲ 17.3%
Equity and liabilities €172,114
Equity
€162,866 ▲ 19.4%
Debt
€9,248 ▼ 26.7%
Debt's share of the balance-sheet total falls from 8.5% to 5.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,273▲
2024 · -€28,896
Cash flow
€28,419▲
2024 · -€23,830
Current ratio
18.35▲
2024 · 11.46
Debt to equity
0.06▼
2024 · 0.09
ROE
16.3%▲
2024 · -18.9%
ROA
15.4%▲
2024 · -17.3%
Interest coverage
118.72▲
2024 · -96.80
Debt ≤ 1 year
€9,248▼
2024 · €12,620
Income taxes
€5,507▲
2024 · €491
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 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 0.1% 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 497,058 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% | 1.6% |
| 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 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 31,324 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,476 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,230 | €2,242 | €1,741 | €1,922 | €1,922 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €60,950 | €0 | - | -€60,950 | €0 | ▲ 100% |
| Other operating charges640/8 | €459 | €554 | €17,602 | €122,852 | €1,006 | ▼ 99.2% |
| Non-recurring operating charges66A | €1,564 | €0 | - | - | - | - |
| Gross operating margin9900 | €22,362 | €41,336 | €29,260 | €33,006 | €29,279 | ▼ 11.3% |
| Operating profit (loss)9901 | -€41,841 | €38,541 | €9,917 | -€30,818 | €26,352 | ▲ 186% |
| Financial income75/76B | €1,772 | €3,624 | €4,158 | €5,856 | €5,890 | ▲ 0.6% |
| Recurring financial income75 | €1,772 | €3,624 | €4,158 | €5,856 | €5,890 | ▲ 0.6% |
| Financial charges65/66B | €2,202 | €2,168 | €361 | €299 | €238 | ▼ 20.2% |
| Recurring financial charges65 | €2,202 | €2,168 | €361 | €299 | €238 | ▼ 20.2% |
| Profit (loss) for the period before taxes9903 | -€42,272 | €39,996 | €13,714 | -€25,260 | €32,004 | ▲ 227% |
| Income taxes67/77 | €0 | €914 | €5,392 | €491 | €5,507 | ▲ 1,021% |
| Profit (loss) for the period9904 | -€42,272 | €39,082 | €8,322 | -€25,752 | €26,497 | ▲ 203% |
| Profit (loss) for the period to be appropriated9905 | -€42,272 | €39,082 | €8,322 | -€25,752 | €26,497 | ▲ 203% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144,628 | €166,377 | €173,873 | €148,990 | €172,114 | ▲ 15.5% |
| Fixed assets21/28 | €7,168 | €4,926 | €6,269 | €4,348 | €2,426 | ▼ 44.2% |
| Tangible fixed assets22/27 | €7,168 | €4,926 | €6,269 | €4,348 | €2,426 | ▼ 44.2% |
| Furniture and vehicles24 | €7,168 | €4,926 | €3,621 | €2,316 | €1,012 | ▼ 56.3% |
| Other tangible fixed assets26 | - | - | €2,648 | €2,031 | €1,414 | ▼ 30.4% |
| Current assets29/58 | €137,460 | €161,451 | €167,604 | €144,642 | €169,688 | ▲ 17.3% |
| Amounts receivable within one year40/41 | €137,460 | €161,451 | €166,964 | €112,459 | €133,137 | ▲ 18.4% |
| Trade receivables40 | €95,285 | €95,285 | €75,865 | €16,157 | €17,963 | ▲ 11.2% |
| Other amounts receivable41 | €42,176 | €66,166 | €91,100 | €96,302 | €115,174 | ▲ 19.6% |
| Cash at bank and in hand54/58 | - | - | €639 | €26,327 | €30,661 | ▲ 16.5% |
| Deferred charges and accrued income490/1 | - | - | - | €5,856 | €5,890 | ▲ 0.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144,628 | €166,377 | €173,873 | €148,990 | €172,114 | ▲ 15.5% |
| Equity10/15 | €114,717 | €153,799 | €162,121 | €136,369 | €162,866 | ▲ 19.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €134,484 | €134,484 | €142,806 | €117,769 | €144,266 | ▲ 22.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €132,624 | €132,624 | €142,806 | €117,769 | €144,266 | ▲ 22.5% |
| Profit (loss) carried forward14 | -€38,367 | €715 | €715 | €0 | - | - |
| Amounts payable17/49 | €29,911 | €12,577 | €11,752 | €12,620 | €9,248 | ▼ 26.7% |
| Amounts payable within one year42/48 | €29,911 | €12,577 | €11,752 | €12,620 | €9,248 | ▼ 26.7% |
| Financial debts43 | €18,658 | €1,551 | €0 | - | - | - |
| Credit institutions430/8 | €18,658 | €1,551 | €0 | - | - | - |
| Trade debts44 | €5,096 | €7,261 | €5,233 | €5,239 | €101 | ▼ 98.1% |
| Suppliers440/4 | €5,096 | €7,261 | €5,233 | €5,239 | €101 | ▼ 98.1% |
| Taxes, remuneration and social security45 | €6,157 | €3,766 | €6,519 | €7,382 | €9,147 | ▲ 23.9% |
| Taxes450/3 | €6,157 | €3,766 | €6,519 | €7,382 | €9,147 | ▲ 23.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,272 | €39,082 | €8,322 | -€25,752 | €26,497 | ▲ 203% |
| + Depreciation and write-downs630 | €1,230 | €2,242 | €1,741 | €1,922 | €1,922 | = |
| Operating cash flow (approximation) | -€41,042 | €41,324 | €10,062 | -€23,830 | €28,419 | ▲ 219% |
| Investment in fixed assets (approximation) | - | €0 | -€3,084 | €0 | €0 | - |
| Change in cash | - | - | - | €25,687 | €4,335 | ▼ 83.1% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €26,497
Net result €26,497 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €162,866 ▲19.4%
Equity rises from €136,369 to €162,866.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €39,082
Net result €39,082 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 12.84
Current ratio from 4.60 to 12.84; short-term debt falls from €29,911 to €12,577.
31-12
Financial
Equity above €150,000Eq €153,799 ▲34.1%
Equity rises from €114,717 to €153,799.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€42,272
Net result drops to -€42,272, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Equity above €150,000Eq €156,989 ▲6%
3 profitable years in a row build equity to €156,989.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
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, Merchtem · 1 establishment unit since 1965
Ground area
3,170 m²
Building footprint
100 m²
Volume, LiDAR
562 m³
Parcel 23028A0143/00C003, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heidestraat 18, 1785 Merchtem
since 19652.000.504.442
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23028A0143/00C003 | Flanders | 3,170 m² | 1 · 99 m² | 8.1 m · 2 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 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,341 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
Founded03-02-1965
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400669089
Also
9925:BE0400669089
Registered
13-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.