Equity
€3.1m ▲ 13.6%
BAVAR has made a profit in every financial year since 2007.
BAVAR
Lifetime
18 annual accounts with figures on one time axis, 21 filings since 2005peak €589,360 (2025)
€589,360unchanged
peak €648,581 (2023)
€367,165▲ 1.0%
peak €3.1m (2025)
€3.1m▲ 13.6%
€131,554▼ 8.4%
peak 0 FTE (2022)
0 FTE
Board2 names since 2004
2 directorsVAN REETH Roosmarijke and 1 other
Owners
Documentsfilings and deeds
01-07-202630 days before the deadline
2025abbreviated format
Equity from €2.8m to €3.1mCash from €78,241 to €35,796
Key points
from the 2025 annual accountsFilings
21 annual accounts since 2005
Five of the last ten came late. The 2019 accounts came latest: 47 days after the end of the period.
Position in the sector
95.0%
Higher solvency than 91% of companies in head offices and management consultancy. Sector median 52.4% · 10,857 companies.
Checked score
97
Excellent
Financially stronger than 73% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: 0.1%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.2 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 13.66, cash €35,796, halved
lowers risk
Size: total assets €3.3m
Figures for financial year 2025 (filed on 01-07-2026)
Equity €3.1m (95.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 85% of them on solvency, 56% on liquidity, 82% on profitability and 69% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as BAVAR has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of BAVAR itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for BAVAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €300,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 13.66 (14.27 in 2024), above the usual 1.5. Short-term debt is 4% and cash 1.1% of total assets. 5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 days early
2024
28 days late
2023
13 days early
2022
10 days late
2021
34 days early
2020
11 days early
2019
47 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Korneel Baekelandt 100%annual accounts 2024
Shares in 1 company, MARO RECYCLING
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0865443896
2 managers resigning, 2 directors reappointed
Resignations: INBV (manager) and VAN REETH Roosmarijke (manager) · Reappointments: INBV (director) and VAN REETH Roosmarijke (director) · Permanent representative: BAEKELANDT Korneel Marcel · General meeting of 25-04-2023 · Gazette deed
Permanent representative: Korneel Baekelanat
General meeting of 24-04-2020 · Gazette deed
New establishment in Tournai
BAVAR SPRL, Rue du Mont des Carliers 30
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BAVAR Tournai | €3.3m | €589,360 | 95.0% | 0 |
| EDOUARD JACMIN CONSULTANT Tournai | €3.5m | €528,688 | 59.8% | 0 |
| POMS Knokke-Heist | €3.1m | €597,483 | 35.0% | 0 |
| PIETERS MANAGEMENT Stekene | €3.1m | €692,653 | 70.5% | 0 |
| BALTO Wortegem-Petegem | €3.8m | €530,445 | 54.6% | 0 |
| CHRISINVENT Kruisem | €3.4m | €492,443 | 42.8% | 0 |
| IMMO DE BRUWAAN Oudenaarde | €3.3m | €731,149 | 55.9% | 0 |
These companies have the same main activity as BAVAR: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €3.1m and €3.8m, founded between 2002 and 2006.
Official details
Source: KBO- Status
- Active since 25-05-2004Normal situation
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Establishment units
- 2.162.864.5278880 Ledegem, since 25-05-2004
- 2.242.112.2407522 Tournai, since 18-05-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- ≈ €890,000estimated
- €3.3m▲ 12.4%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on BAVAR
BAVAR files the abbreviated format. That format states no turnover. The gross margin rose from €109,323 in 2007 to €589,360 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BAVAR
- What is the company number of BAVAR?
- The company number of BAVAR is 0865.443.896. The VAT number is the same number with BE in front: BE 0865.443.896.
- Where is BAVAR based?
- The registered office is at Rue du Mont des Carliers 30, 7522 Tournai.Company details
- What does BAVAR do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of BAVAR?
- BAVAR is a private limited company (BV).
- When was BAVAR founded?
- BAVAR was founded on 25-05-2004.
- Is BAVAR still active?
- Yes, BAVAR is an active enterprise in the KBO register.
- What is the turnover of BAVAR?
- The turnover in financial year 2025 is ≈ €890,000. This figure is estimated from the gross margin of €589,360 and 74 comparable companies (NACE 70200). It probably lies between €700,000 and €1.6m.Financials
- Is BAVAR profitable?
- In financial year 2025, BAVAR made a profit of €367,165.
- Where can I find the annual accounts of BAVAR?
- BAVAR filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BAVAR due?
- BAVAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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