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Bâti M

Active
Private limited companyfounded 20214 yrs activeRue Aviateur Huens 22, 1330 Rixensart, BelgiumKBO/BCE: BE 0777.987.609
Summary

The computed 12-month bankruptcy probability of Bâti M is 2.9% (moderate). The 2024 annual accounts show equity of €66,092 and a net result of €7,126. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 36370 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability66=
Solvency54▲+4
Growth52=
Track record94
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 3.13 against 1.85 in 2023; short-term debt: 6.1% and cash: 13.3% of total assets), but 71.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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
highest failure risk from 2 to 8 years 4 years 0 10 y
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 →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
28.5%
Return on assets
3.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
7 d late
2023
29 d late
2022
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 2 December 2021, Bâti M was incorporated as a Private limited company.1 Total assets went from EUR 272,764 in 2022 to EUR 231,800 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€66,092▲ 12.1%
2023 · €58,966
Total assets
€231,800▼ 1.7%
2023 · €235,848
Net result
€7,126▼ 37.3%
2023 · €11,363
Working capital
€30,082▲ 94.4%
2023 · €15,472
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€57,106-€25,179▼ 55.9%€14,483▼ 42.5%
Net result€45,103above the sector's middle half-€11,363within the sector's middle half▼ 74.8%€7,126within the sector's middle half▼ 37.3%
Equity€47,603within the sector's middle half-€58,966within the sector's middle half▲ 23.9%€66,092within the sector's middle half▲ 12.1%
Total assets€272,764within the sector's middle half-€235,848within the sector's middle half▼ 13.5%€231,800within the sector's middle half▼ 1.7%
Debt€225,160-€176,881▼ 21.4%€165,708▼ 6.3%
Working capital-€10,557below the sector's middle half-€15,472within the sector's middle half€30,082within the sector's middle half▲ 94.4%
Solvency17.5%below the sector's middle half-25.0%within the sector's middle half▲ 7.5pp28.5%within the sector's middle half▲ 3.5pp
Current ratio0.84below the sector's middle half-1.85within the sector's middle half▲ 1.013.13within the sector's middle half▲ 1.27
Return on assets (ROA)16.5%within the sector's middle half-4.8%within the sector's middle half▼ 11.7pp3.1%within the sector's middle half▼ 1.7pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction 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
€0€20,000€40,000€60,000Operating result 2022: €57,106€57,106Net result 2022: €45,103€45,103Operating result 2023: €25,179€25,179Net result 2023: €11,363€11,363Operating result 2024: €14,483€14,483Net result 2024: €7,126€7,126202220232024€0€20,000€40,000€60,000Operating result 2022: €57,106€57,100Net result 2022: €45,103€45,100Operating result 2023: €25,179€25,200Net result 2023: €11,363€11,400Operating result 2024: €14,483€14,500Net result 2024: €7,126€7,130202220232024
The operating result has fallen two years in a row; 2024 is 42% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €231,800
Fixed assets €187,566 ▼ 7.3%
Current assets €44,234 ▲ 31.6%
Equity and liabilities €231,800
Equity €66,092 ▲ 12.1%
Debt €165,708 ▼ 6.3%
Debt's share of the balance-sheet total falls from 75.0% to 71.5%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€29,150▼
2023 · €39,846
Cash flow
€21,792▼
2023 · €26,030
Debt to equity
2.51▼
2023 · 3.00
ROE
10.8%▼
2023 · 19.3%
Interest coverage
5.23▲
2023 · 4.90
Debt ≤ 1 year
€14,152▼
2023 · €18,143
Debt > 1 year
€151,556▼
2023 · €158,738
Income taxes
€1,781▼
2023 · €5,686
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 2,542 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€235,848€231,800▼
Fixed assets21/28€202,232€187,566▼
Tangible fixed assets22/27€202,159€187,492▼
Land and buildings22€202,159€187,492▼
Financial fixed assets28€74€74=
Current assets29/58€33,615€44,234▲
Amounts receivable within one year40/41€13,430€13,430=
Trade receivables40€4,840€4,840=
Other amounts receivable41€8,590€8,590=
Cash at bank and in hand54/58€20,185€30,804▲
Equity and liabilities
Total equity and liabilities10/49€235,848€231,800▼
Equity10/15€58,966€66,092▲
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14€56,466€63,592▲
Amounts payable17/49€176,881€165,708▼
Amounts payable after more than one year17€158,738€151,556▼
Financial debts170/4€158,738€151,556▼
Amounts payable within one year42/48€18,143€14,152▼
Current portion of amounts payable after more than one year42€10,759€7,182▼
Trade debts44€4€499▲
Suppliers440/4€4€499▲
Taxes, remuneration and social security45€7,380€6,470▼
Taxes450/3€5,080€4,170▼
Remuneration and social security454/9€2,300€2,300=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,667€14,667=
Other operating charges640/8€932€967▲
Gross operating margin9900€40,777€30,117▼
Operating profit (loss)9901€25,179€14,483▼
Financial charges65/66B€8,131€5,576▼
Recurring financial charges65€8,131€5,576▼
Profit (loss) for the period before taxes9903€17,048€8,907▼
Income taxes67/77€5,686€1,781▼
Profit (loss) for the period9904€11,363€7,126▼
Profit (loss) for the period to be appropriated9905€11,363€7,126▼
Appropriation of the result
Profit (loss) to be appropriated9906€56,466€63,592▲
Profit (loss) brought forward from the previous period14P€45,103€56,466▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40,531€14,667€14,667=
Other operating charges640/8€325€932€967▲ 3.8%
Gross operating margin9900€97,962€40,777€30,117▼ 26.1%
Operating profit (loss)9901€57,106€25,179€14,483▼ 42.5%
Financial charges65/66B€3€8,131€5,576▼ 31.4%
Recurring financial charges65€3€8,131€5,576▼ 31.4%
Profit (loss) for the period before taxes9903€57,103€17,048€8,907▼ 47.8%
Income taxes67/77€12,000€5,686€1,781▼ 68.7%
Profit (loss) for the period9904€45,103€11,363€7,126▼ 37.3%
Profit (loss) for the period to be appropriated9905€45,103€11,363€7,126▼ 37.3%
Line202220232024Change
Assets
Total assets20/58€272,764€235,848€231,800▼ 1.7%
Fixed assets21/28€216,899€202,232€187,566▼ 7.3%
Tangible fixed assets22/27€216,826€202,159€187,492▼ 7.3%
Land and buildings22€216,826€202,159€187,492▼ 7.3%
Financial fixed assets28€74€74€74=
Current assets29/58€55,864€33,615€44,234▲ 31.6%
Amounts receivable within one year40/41€16,840€13,430€13,430=
Trade receivables40€4,840€4,840€4,840=
Other amounts receivable41€12,000€8,590€8,590=
Cash at bank and in hand54/58€39,024€20,185€30,804▲ 52.6%
Equity and liabilities
Total equity and liabilities10/49€272,764€235,848€231,800▼ 1.7%
Equity10/15€47,603€58,966€66,092▲ 12.1%
Contributions10/11€2,500€2,500€2,500=
Profit (loss) carried forward14€45,103€56,466€63,592▲ 12.6%
Amounts payable17/49€225,160€176,881€165,708▼ 6.3%
Amounts payable after more than one year17€158,738€158,738€151,556▼ 4.5%
Financial debts170/4€158,738€158,738€151,556▼ 4.5%
Amounts payable within one year42/48€66,422€18,143€14,152▼ 22.0%
Current portion of amounts payable after more than one year42€19,626€10,759€7,182▼ 33.2%
Financial debts43€24,000---
Other loans439€24,000---
Trade debts44€235€4€499▲ 12,832%
Suppliers440/4€235€4€499▲ 12,832%
Taxes, remuneration and social security45€22,561€7,380€6,470▼ 12.3%
Taxes450/3€20,261€5,080€4,170▼ 17.9%
Remuneration and social security454/9€2,300€2,300€2,300=
Line202220232024Change
Profit (loss) for the period9904€45,103€11,363€7,126▼ 37.3%
+ Depreciation and write-downs630€40,531€14,667€14,667=
Operating cash flow (approximation)€85,635€26,030€21,792▼ 16.3%
Investment in fixed assets (approximation)-€0€0-
Change in cash--€18,840€10,619▲ 156%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
07-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
31-12
Financial Weakest financial yearnet €7,126 ▼37.3%
Net result drops to €7,126, the lowest in the series.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial Liquidity doublescurrent ratio 1.85
Current ratio from 0.84 to 1.85; short-term debt falls from €66,422 to €18,143.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Rixensart · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
653 m²
Building footprint
57 m²
Volume, LiDAR
502 m³
Parcel 25091C0881/00B000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Bâti M
Rue Aviateur Huens 22, 1330 RixensartRepair and maintenance of fabricated metal products
since 20212.325.549.165
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25091C0881/00B000 Wallonia 653 m² 1 · 57 m² 10.2 m · 3 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.

Similar companies · same sector, comparable size

Of 15,518 companies in this sector we hold annual accounts for 7,427. 6,216 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded02-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0777987609
Also 9925:BE0777987609
Registered 06-07-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

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