BAUKUNST
ActiveSummary
BAUKUNST has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.15M and a net result of €12k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 48% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-16
Solvency70▼-30
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 5.92 in 2024; short-term debt: 45.1% and cash: 51.3% of total assets), but 54.9% of the assets are financed with debt.
Credit check for your own amount and term
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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
45.1%
Return on assets
0.5%
Age of the figures
9 mo
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
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
33 d early
2023
30 d late
2022
3 d late
2021
40 d early
2020
25 d early
2019
54 d late
← 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, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12k▼ 94.9%
2024 · €232k
2018: €90k
2019: €59k▼ -34.7% vs 2018
2020: €319k▲ +442% vs 2019highest in 8 years
2021: €166k▼ -47.9% vs 2020
2022: €247k▲ +48.4% vs 2021
2023: €169k▼ -31.5% vs 2022
2024: €232k▲ +37.6% vs 2023
2025: €12k▼ -94.9% vs 2024lowest in 8 years
2018 → 2025
Working capital
€1.38M▲ 0.5%
2024 · €1.37M
2018: €203klowest in 8 years
2019: €281k▲ +38.1% vs 2018
2020: €874k▲ +211% vs 2019
2021: €1.14M▲ +29.9% vs 2020
2022: €1.22M▲ +7.6% vs 2021
2023: €1.50M▲ +22.5% vs 2022highest in 8 years
2024: €1.37M▼ -8.2% vs 2023
2025: €1.38M▲ +0.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€836k-€1.08M▲ 29.5%€1.25M▲ 15.6%€1.48M▲ 18.6%€1.15M▼ 22.8%
2021: €836klowest in 5 years
2022: €1.08M▲ +29.5% vs 2021
2023: €1.25M▲ +15.6% vs 2022
2024: €1.48M▲ +18.6% vs 2023highest in 5 years
2025: €1.15M▼ -22.8% vs 2024
Operating result€237k-€245k▲ 3.2%€268k▲ 9.6%€280k▲ 4.4%€40k▼ 85.9%
2021: €237k
2022: €245k▲ +3.2% vs 2021
2023: €268k▲ +9.6% vs 2022
2024: €280k▲ +4.4% vs 2023highest in 5 years
2025: €40k▼ -85.9% vs 2024lowest in 5 years
Net result€166k-€247k▲ 48.4%€169k▼ 31.5%€232k▲ 37.6%€12k▼ 94.9%
2021: €166k
2022: €247k▲ +48.4% vs 2021highest in 5 years
2023: €169k▼ -31.5% vs 2022
2024: €232k▲ +37.6% vs 2023
2025: €12k▼ -94.9% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 86% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.54M
Fixed assets
€14k ▼ 87.7%
Current assets
€2.53M ▲ 52.9%
Equity and liabilities €2.54M
Equity
€1.15M ▼ 22.8%
Debt
€1.39M ▲ 400%
Debt's share of the balance-sheet total rises from 15.8% to 54.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€42k▼
2024 · €308k
Cash flow
€14k▼
2024 · €261k
Current ratio
2.20▼
2024 · 5.92
Debt to equity
1.22▲
2024 · 0.19
ROE
1.0%▼
2024 · 15.7%
ROA
0.5%▼
2024 · 13.2%
Interest coverage
15.52▼
2024 · 97.11
Debt ≤ 1 year
€1.15M▲
2024 · €279k
Income taxes
€29k▼
2024 · €91k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.76M€2.54M▲
Fixed assets21/28€111k€14k▼
Tangible fixed assets22/27€109k€12k▼
Land and buildings22€290-
Furniture and vehicles24€22k€2k▼
Other tangible fixed assets26€86k€10k▼
Financial fixed assets28€2k€2k=
Current assets29/58€1.65M€2.53M▲
Amounts receivable within one year40/41€570k€724k▲
Trade receivables40€460k€541k▲
Other amounts receivable41€110k€183k▲
Current investments50/53€205k€271k▲
Cash at bank and in hand54/58€876k€1.30M▲
Deferred charges and accrued income490/1€2k€229k▲
Equity and liabilities
Total equity and liabilities10/49€1.76M€2.54M▲
Equity10/15€1.48M€1.15M▼
Contributions10/11€12k-
Reserves13€1.40M€1.15M▼
Tax-exempt reserves132€316k€147k▼
Distributable reserves133€1.08M€998k▼
Profit (loss) carried forward14€75k-
Amounts payable17/49€279k€1.39M▲
Amounts payable within one year42/48€279k€1.15M▲
Trade debts44€204k€780k▲
Suppliers440/4€204k€780k▲
Taxes, remuneration and social security45€36k€44k▲
Taxes450/3€36k€44k▲
Other amounts payable47/48€39k€322k▲
Accrued charges and deferred income492/3-€249k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€2k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€14k-
Gross operating margin9900€324k€43k▼
Operating profit (loss)9901€280k€40k▼
Financial income75/76B€47k€4k▼
Recurring financial income75€47k€4k▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€324k€41k▼
Income taxes67/77€91k€29k▼
Profit (loss) for the period9904€232k€12k▼
Transfer from tax-exempt reserves789-€168k
Transfer to tax-exempt reserves689€84k-
Profit (loss) for the period to be appropriated9905€148k€180k▲
Appropriation of the result
Profit (loss) to be appropriated9906€224k€256k▲
Profit (loss) brought forward from the previous period14P€75k€75k=
Transfer from equity791/2-€263k
Transfer to equity691/2€148k€180k▲
To other reserves6921€148k€180k▲
Profit to be distributed694/7-€339k
Return on contributions (dividend)694-€339k
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €26k | €28k | €28k | €2k | ▼ 93.1% |
| Other operating charges640/8 | €868 | €2k | €48k | €2k | €1k | ▼ 28.3% |
| Non-recurring operating charges66A | - | - | - | €14k | - | - |
| Gross operating margin9900 | €259k | €273k | €344k | €324k | €43k | ▼ 86.8% |
| Operating profit (loss)9901 | €237k | €245k | €268k | €280k | €40k | ▼ 85.9% |
| Financial income75/76B | €6k | €76k | €4k | €47k | €4k | ▼ 91.2% |
| Recurring financial income75 | €6k | €76k | €4k | €47k | €4k | ▼ 91.2% |
| Financial charges65/66B | €3k | €7k | €18k | €3k | €3k | ▼ 15.6% |
| Recurring financial charges65 | €3k | €7k | €9k | €3k | €3k | ▼ 15.6% |
| Non-recurring financial charges66B | - | - | €9k | - | - | - |
| Profit (loss) for the period before taxes9903 | €240k | €314k | €254k | €324k | €41k | ▼ 87.3% |
| Income taxes67/77 | €74k | €67k | €85k | €91k | €29k | ▼ 68.0% |
| Profit (loss) for the period9904 | €166k | €247k | €169k | €232k | €12k | ▼ 94.9% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €168k | - |
| Transfer to tax-exempt reserves689 | - | €168k | €63k | €84k | - | - |
| Profit (loss) for the period to be appropriated9905 | €166k | €78k | €106k | €148k | €180k | ▲ 21.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.51M | €1.72M | €1.87M | €1.76M | €2.54M | ▲ 44.0% |
| Fixed assets21/28 | €75k | €102k | €81k | €111k | €14k | ▼ 87.7% |
| Intangible fixed assets21 | €4k | - | - | - | - | - |
| Tangible fixed assets22/27 | €62k | €92k | €81k | €109k | €12k | ▼ 89.4% |
| Land and buildings22 | €1k | €870 | €580 | €290 | - | - |
| Furniture and vehicles24 | €26k | €36k | €35k | €22k | €2k | ▼ 92.1% |
| Other tangible fixed assets26 | €35k | €56k | €46k | €86k | €10k | ▼ 88.7% |
| Financial fixed assets28 | €9k | €9k | €50 | €2k | €2k | = |
| Current assets29/58 | €1.43M | €1.62M | €1.79M | €1.65M | €2.53M | ▲ 52.9% |
| Amounts receivable within one year40/41 | €320k | €508k | €570k | €570k | €724k | ▲ 27.1% |
| Trade receivables40 | €134k | €399k | €463k | €460k | €541k | ▲ 17.6% |
| Other amounts receivable41 | €186k | €109k | €107k | €110k | €183k | ▲ 66.5% |
| Current investments50/53 | €164k | €240k | €264k | €205k | €271k | ▲ 32.3% |
| Cash at bank and in hand54/58 | €945k | €854k | €934k | €876k | €1.30M | ▲ 48.6% |
| Deferred charges and accrued income490/1 | €3k | €20k | €17k | €2k | €229k | ▲ 10,640% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.51M | €1.72M | €1.87M | €1.76M | €2.54M | ▲ 44.0% |
| Equity10/15 | €836k | €1.08M | €1.25M | €1.48M | €1.15M | ▼ 22.8% |
| Contributions10/11 | €12k | €12k | €12k | €12k | - | - |
| Reserves13 | €748k | €995k | €1.16M | €1.40M | €1.15M | ▼ 18.0% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €168k | €232k | €316k | €147k | ▼ 53.3% |
| Distributable reserves133 | €747k | €825k | €932k | €1.08M | €998k | ▼ 7.7% |
| Profit (loss) carried forward14 | €75k | €75k | €75k | €75k | - | - |
| Amounts payable17/49 | €671k | €641k | €615k | €279k | €1.39M | ▲ 400% |
| Amounts payable within one year42/48 | €296k | €400k | €289k | €279k | €1.15M | ▲ 311% |
| Trade debts44 | €180k | €275k | €156k | €204k | €780k | ▲ 282% |
| Suppliers440/4 | €180k | €275k | €156k | €204k | €780k | ▲ 282% |
| Taxes, remuneration and social security45 | €74k | €51k | €93k | €36k | €44k | ▲ 23.3% |
| Taxes450/3 | €74k | €51k | €93k | €36k | €44k | ▲ 23.3% |
| Other amounts payable47/48 | €42k | €74k | €41k | €39k | €322k | ▲ 724% |
| Accrued charges and deferred income492/3 | €375k | €240k | €325k | - | €249k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €166k | €247k | €169k | €232k | €12k | ▼ 94.9% |
| + Depreciation and write-downs630 | €21k | €26k | €28k | €28k | €2k | ▼ 93.1% |
| Operating cash flow (approximation) | €187k | €273k | €196k | €261k | €14k | ▼ 94.7% |
| Investment in fixed assets (approximation) | - | €-53k | €-7k | €-57k | €95k | ▲ 265% |
| Change in cash | - | €-91k | €80k | €-57k | €426k | ▲ 842% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €12k ▼94.9%
Net result drops to €12k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2022
31-12
Financial
Equity above €1MEq €1.08M ▲29.5%
5 profitable years in a row build equity to €1.08M.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €319k ▲442%
Net result €319k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 4.12
Current ratio from 1.82 to 4.12; short-term debt falls from €343k to €280k.
31-12
Financial
Equity above €500kEq €670k ▲90.9%
3 profitable years in a row build equity to €670k.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
Show earlier events
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Vorst · 1 establishment unit since 2010
Ground area
299 m²
Building footprint
106 m²
Volume, LiDAR
809 m³
Parcel 21007A0069/00N073, Brussels · tallest building 17.1 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Bondgenotenstraat 68, 1190 Vorst
since 20102.188.696.716
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0069/00N073 | Brussels | 299 m² | 1 · 106 m² | 17.1 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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 2 entries · 5,000 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 1 | 2,500 EUR |
| 2023 | 1 | 2,500 EUR |
Budget allocations
Dotation à WBI dans le cadre de la promotion internationale de_x000D_
Bruxelles
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,323. 2,590 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
Founded14-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
Contact
Website
www.bau-kunst.eu
E-mail
office@bau-kunst.eu
Scores and ratios are computed by Checked and are not a credit decision.