BATI-KAR
ActiveSummary
The computed 12-month bankruptcy probability of BATI-KAR is 1.7% (moderate). The 2025 annual accounts show equity of €37k and a net result of €-15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 27965 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-2
Solvency100▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.19 against 3.16 in 2024; short-term debt: 21.3% of total assets), and 21.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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 2025Solvency, return and age of the figures
Solvency
78.5%
Return on assets
-31.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-15k
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
31 d early
2023
62 d early
2022
60 d late
2021
51 d early
2020
61 d late
2019
21 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€37k▼ 28.9%
2024 · €52k
2018: €21k
2019: €35k▲ +71.3% vs 2018
2020: €-9k▼ -124% vs 2019lowest in 8 years
2021: €8k▲ +196% vs 2020
2022: €64k▲ +678% vs 2021
2023: €71k▲ +10.1% vs 2022highest in 8 years
2024: €52k▼ -27.2% vs 2023
2025: €37k▼ -28.9% vs 2024
2018 → 2025
Total assets
€47k▼ 41.1%
2024 · €79k
2018: €31k
2019: €36k▲ +15.0% vs 2018
2020: €11k▼ -68.6% vs 2019lowest in 8 years
2021: €31k▲ +179% vs 2020
2022: €87k▲ +176% vs 2021
2023: €187k▲ +115% vs 2022highest in 8 years
2024: €79k▼ -57.5% vs 2023
2025: €47k▼ -41.1% vs 2024
2018 → 2025
Net result
€-15k▼ 4.7%
2024 · €-14k
2018: €-2k
2019: €15k▲ +826% vs 2018
2020: €-44k▼ -399% vs 2019lowest in 8 years
2021: €17k▲ +139% vs 2020
2022: €56k▲ +233% vs 2021highest in 8 years
2023: €7k▼ -88.4% vs 2022
2024: €-14k▼ -319% vs 2023
2025: €-15k▼ -4.7% vs 2024
2018 → 2025
Working capital
€22k▼ 39.2%
2024 · €36k
2018: €19k
2019: €31k▲ +67.8% vs 2018
2020: €-11k▼ -136% vs 2019lowest in 8 years
2021: €27k▲ +337% vs 2020
2022: €12k▼ -55.7% vs 2021
2023: €51k▲ +329% vs 2022highest in 8 years
2024: €36k▼ -29.3% vs 2023
2025: €22k▼ -39.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€64k▲ 678%€71k▲ 10.1%€52k▼ 27.2%€37k▼ 28.9%
2021: €8klowest in 5 years
2022: €64k▲ +678% vs 2021
2023: €71k▲ +10.1% vs 2022highest in 5 years
2024: €52k▼ -27.2% vs 2023
2025: €37k▼ -28.9% vs 2024
Operating result€18k-€66k▲ 273%€10k▼ 84.7%€-13k€-14k▼ 5.7%
2021: €18k
2022: €66k▲ +273% vs 2021highest in 5 years
2023: €10k▼ -84.7% vs 2022
2024: €-13k▼ -228% vs 2023
2025: €-14k▼ -5.7% vs 2024lowest in 5 years
Net result€17k-€56k▲ 233%€7k▼ 88.4%€-14k€-15k▼ 4.7%
2021: €17k
2022: €56k▲ +233% vs 2021highest in 5 years
2023: €7k▼ -88.4% vs 2022
2024: €-14k▼ -319% vs 2023
2025: €-15k▼ -4.7% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €13k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€15k ▼ 44.4%
Current assets
€32k ▼ 39.5%
Equity and liabilities €47k
Equity
€37k ▼ 28.9%
Debt
€10k ▼ 63.8%
Debt's share of the balance-sheet total falls from 35.0% to 21.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-613▼
2024 · €329
Cash flow
€-2k▼
2024 · €-970
Current ratio
3.19▲
2024 · 3.16
Quick ratio
2.54▲
2024 · 2.49
Debt to equity
0.27▼
2024 · 0.54
ROE
-40.7%▼
2024 · -27.6%
ROA
-31.9%▼
2024 · -18.0%
Interest coverage
-0.38▼
2024 · 0.19
Debt ≤ 1 year
€10k▼
2024 · €17k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€79k€47k▼
Fixed assets21/28€27k€15k▼
Tangible fixed assets22/27€26k€14k▼
Plant, machinery and equipment23€790€2k▲
Furniture and vehicles24€25k€12k▼
Financial fixed assets28€900€900=
Current assets29/58€53k€32k▼
Stocks and contracts in progress3€11k€7k▼
Stocks30/36€11k€7k▼
Amounts receivable within one year40/41€16k€24k▲
Trade receivables40€8k€19k▲
Other amounts receivable41€8k€5k▼
Cash at bank and in hand54/58€24k-
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€79k€47k▼
Equity10/15€52k€37k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€31k€16k▼
Amounts payable17/49€28k€10k▼
Amounts payable after more than one year17€11k-
Financial debts170/4€11k-
Amounts payable within one year42/48€17k€10k▼
Current portion of amounts payable after more than one year42€8k€6k▼
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Other amounts payable47/48€5k-
Accrued charges and deferred income492/3-€87
Income statement
Code20242025
Non-recurring operating income76A€600-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€387€527▲
Gross operating margin9900€716€-86▼
Operating profit (loss)9901€-13k€-14k▼
Financial income75/76B€1€393▲
Recurring financial income75€1€393▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-15k€-15k▼
Income taxes67/77€-435-
Profit (loss) for the period9904€-14k€-15k▼
Profit (loss) for the period to be appropriated9905€-14k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€16k▼
Profit (loss) brought forward from the previous period14P€50k€31k▼
Profit to be distributed694/7€5k-
Return on contributions (dividend)694€5k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €600 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €7k | €13k | €13k | €13k | ▼ 1.5% |
| Other operating charges640/8 | €418 | €348 | €384 | €387 | €527 | ▲ 35.9% |
| Gross operating margin9900 | €20k | €74k | €24k | €716 | €-86 | ▼ 112% |
| Operating profit (loss)9901 | €18k | €66k | €10k | €-13k | €-14k | ▼ 5.7% |
| Financial income75/76B | €66 | €7 | €245 | €1 | €393 | ▲ 33,504% |
| Recurring financial income75 | €66 | €7 | €245 | €1 | €393 | ▲ 33,504% |
| Financial charges65/66B | €945 | €843 | €2k | €2k | €2k | ▼ 6.5% |
| Recurring financial charges65 | €945 | €843 | €2k | €2k | €2k | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | €17k | €65k | €9k | €-15k | €-15k | ▼ 1.6% |
| Income taxes67/77 | - | €9k | €2k | €-435 | - | - |
| Profit (loss) for the period9904 | €17k | €56k | €7k | €-14k | €-15k | ▼ 4.7% |
| Profit (loss) for the period to be appropriated9905 | €17k | €56k | €7k | €-14k | €-15k | ▼ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31k | €87k | €187k | €79k | €47k | ▼ 41.1% |
| Fixed assets21/28 | €1k | €53k | €39k | €27k | €15k | ▼ 44.4% |
| Tangible fixed assets22/27 | €563 | €52k | €38k | €26k | €14k | ▼ 45.9% |
| Plant, machinery and equipment23 | €146 | €63 | - | €790 | €2k | ▲ 92.1% |
| Furniture and vehicles24 | €417 | €52k | €38k | €25k | €12k | ▼ 50.2% |
| Financial fixed assets28 | €900 | €900 | €900 | €900 | €900 | = |
| Current assets29/58 | €30k | €34k | €148k | €53k | €32k | ▼ 39.5% |
| Stocks and contracts in progress3 | €6k | €5k | €14k | €11k | €7k | ▼ 42.0% |
| Stocks30/36 | €6k | €5k | €14k | €11k | €7k | ▼ 42.0% |
| Amounts receivable within one year40/41 | €23k | €14k | €97k | €16k | €24k | ▲ 49.5% |
| Trade receivables40 | €20k | €3k | €88k | €8k | €19k | ▲ 131% |
| Other amounts receivable41 | €2k | €11k | €9k | €8k | €5k | ▼ 38.2% |
| Cash at bank and in hand54/58 | €675 | €15k | €34k | €24k | - | - |
| Deferred charges and accrued income490/1 | €499 | €1k | €2k | €1k | €2k | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31k | €87k | €187k | €79k | €47k | ▼ 41.1% |
| Equity10/15 | €8k | €64k | €71k | €52k | €37k | ▼ 28.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €-12k | €44k | €50k | €31k | €16k | ▼ 47.8% |
| Amounts payable17/49 | €23k | €23k | €116k | €28k | €10k | ▼ 63.8% |
| Amounts payable after more than one year17 | €20k | - | €19k | €11k | - | - |
| Financial debts170/4 | - | - | €19k | €11k | - | - |
| Other amounts payable178/9 | €20k | - | - | - | - | - |
| Amounts payable within one year42/48 | €3k | €23k | €97k | €17k | €10k | ▼ 40.0% |
| Current portion of amounts payable after more than one year42 | - | - | €8k | €8k | €6k | ▼ 26.3% |
| Financial debts43 | - | - | - | - | €1k | - |
| Credit institutions430/8 | - | - | - | - | €1k | - |
| Trade debts44 | €897 | €13k | €79k | €2k | €3k | ▲ 20.1% |
| Suppliers440/4 | €897 | €13k | €79k | €2k | €3k | ▲ 20.1% |
| Taxes, remuneration and social security45 | - | €10k | €10k | €1k | - | - |
| Taxes450/3 | - | €10k | €10k | €1k | - | - |
| Other amounts payable47/48 | €2k | - | - | €5k | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €87 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €56k | €7k | €-14k | €-15k | ▼ 4.7% |
| + Depreciation and write-downs630 | €2k | €7k | €13k | €13k | €13k | ▼ 1.5% |
| Operating cash flow (approximation) | €19k | €63k | €20k | €-970 | €-2k | ▼ 90.0% |
| Investment in fixed assets (approximation) | - | €-58k | €0 | €-919 | €-1k | ▼ 30.8% |
| Change in cash | - | €14k | €19k | €-10k | - | - |
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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.16
Current ratio from 1.53 to 3.16; short-term debt falls from €97k to €17k.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Highest result since 2018net €56k ▲233%
Operating result €66k, net result €56k, both a record.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Liquidity times 22current ratio 9.48
Current ratio from 0.42 to 9.48; short-term debt falls from €20k to €3k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Liquidity times 37current ratio 102.87
Current ratio from 2.80 to 102.87; short-term debt falls from €10k to €305.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-06
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 2007
Ground area
199 m²
Parcel 21363B0354/00R008, Brussels. Linked by address, not a title deed.
1 establishment unit
Baron Dhanisstraat 72, 1040 Etterbeek
since 20072.159.846.144
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0354/00R008 | Brussels | 199 m² | - | - |
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 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,870 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
Founded19-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
43120Site preparation
Scores and ratios are computed by Checked and are not a credit decision.