BATI IWAN

Active

Private limited companyfounded 20215 yrs activeHarensesteenweg 194, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0765.476.191

Summary

The computed 12-month bankruptcy probability of BATI IWAN is 1.8% (moderate). The 2025 annual accounts show equity of €88k and a net result of €12k. Equity is growing by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 7453 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

77 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability69▼-6

Solvency100▲+24

Growth85=

Track record94

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity ample (current ratio 4.09 against 1.98 in 2024; short-term debt: 24.5% and cash: 55.8% of total assets), and 24.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

75.5%

Return on assets

10.1%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-08-2026, 15 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 · 5 filings

Deviation from the deadline

2025

15 d late

2024

52 d late

2023

26 d late

2022

61 d late

2021

30 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€370k▲ 33.1%

2024 · €278k

2021: €62k 2024: €278k

2021 → 2025

EBIT margin

5.3%▼ 1.5pp

2024 · 6.7%

2021: -1.5% 2024: 6.7%

2021 → 2025

Net result

€12k▼ 37.7%

2024 · €19k

2021: €-956 2022: €29k 2023: €19k 2024: €19k

2021 → 2025

Working capital

€88k▲ 32.6%

2024 · €66k

2021: €3k 2022: €19k 2023: €42k 2024: €66k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€62k-€278k€370k▲ 33.1%

Equity€4k-€33k▲ 714%€52k▲ 56.4%€70k▲ 36.4%€88k▲ 24.7%

Operating result€-937-€28k€19k▼ 34.0%€19k▲ 0.2%€19k▲ 3.7%

Net result€-956-€29k€19k▼ 35.7%€19k▲ 0.8%€12k▼ 37.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €116k

75.5%

24.5%

Equity €88k ▲ 24.7%

Debt €28k ▼ 57.9%

Debt's share of the balance-sheet total falls from 48.9% to 24.5%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€24k▼

2024 · €24k

Cash flow

€16k▼

2024 · €24k

Current ratio

4.09▲

2024 · 1.98

Debt to equity

0.32▼

2024 · 0.96

ROE

13.3%▼

2024 · 26.7%

ROA

10.1%▼

2024 · 13.6%

Interest coverage

13.13▼

2024 · 623.39

Debt ≤ 1 year

€28k▼

2024 · €67k

Income taxes

€6k

Staff costs

€149k▲

2024 · €56k

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 · 39 lines

Balance sheet Code20242025

Assets

Total assets20/58€138k€116k▼

Fixed assets21/28€4k-

Tangible fixed assets22/27€4k-

Furniture and vehicles24€4k-

Financial fixed assets28€78-

Current assets29/58€133k€116k▼

Amounts receivable within one year40/41€59k€51k▼

Trade receivables40€47k€35k▼

Other amounts receivable41€12k€16k▲

Cash at bank and in hand54/58€74k€65k▼

Equity and liabilities

Total equity and liabilities10/49€138k€116k▼

Equity10/15€70k€88k▲

Contributions10/11€5k€5k=

Profit (loss) carried forward14€65k€83k▲

Amounts payable17/49€67k€28k▼

Amounts payable within one year42/48€67k€28k▼

Current portion of amounts payable after more than one year42-€9k

Trade debts44€11k-

Suppliers440/4€11k-

Advances received on contracts in progress46€24k-

Taxes, remuneration and social security45€25k€19k▼

Taxes450/3€3k€5k▲

Remuneration and social security454/9€22k€15k▼

Other amounts payable47/48€7k-

Income statement Code20242025

Turnover70€278k€370k▲

Goods, raw materials, services and sundry goods60/61€197k€195k▼

Remuneration, social security and pensions62€56k€149k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼

Other operating charges640/8€998€3k▲

Gross operating margin9900€81k€175k▲

Operating profit (loss)9901€19k€19k▲

Financial charges65/66B€38€2k▲

Recurring financial charges65€38€2k▲

Profit (loss) for the period before taxes9903€19k€18k▼

Income taxes67/77-€6k

Profit (loss) for the period9904€19k€12k▼

Profit (loss) for the period to be appropriated9905€19k€12k▼

Appropriation of the result

Profit (loss) to be appropriated9906€65k€83k▲

Profit (loss) brought forward from the previous period14P€47k€71k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

15-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 15 days late

2025

31-12

Financial Liquidity doublescurrent ratio 4.09

Current ratio from 1.98 to 4.09; short-term debt falls from €67k to €28k.

21-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 52 days late

2024

26-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 26 days late

2023

30-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 61 days late

2022

31-12

Financial Back to profitnet €29k

Net result €29k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Vilvoorde · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Harensesteenweg 1941800 Vilvoorde

Ground area

129 m²

Building footprint

114 m²

Volume, LiDAR

1,010 m³

Parcel 23644H0226/00C000, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

BATI IWAN

Harensesteenweg 194, 1800 VilvoordeRepair, maintenance and installation of machinery and equipment

since 20212.315.094.644

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23644H0226/00C000	Flanders	129 m²	1 · 114 m²	12.9 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

RENOJANS

BE 0872.578.742

Nijlen · Eq €87,607

LAURENT OLIVIER CONSTRUCTION

BE 0713.772.124

Frasnes-lez-Anvaing · Eq €87,636

J.T.BATI

BE 0894.699.096

Erquelinnes · Eq €87,645

Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 13,176 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-03-2021

Fiscal year end31-12

Activities, NACEBEL 2025

41001General construction of residential buildings

42220Construction of utility projects for electricity and telecommunications

43211General electrical installation work

43230Insulation installation

43331Floor and wall tiling

43341Painting of buildings

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.