Baxal
ActiveThe computed 12-month bankruptcy probability of Baxal is 6.7% (elevated). The 2025 annual accounts show equity of €9k and a net result of €-2k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 72% of 4575 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-66
Solvency87▲+11
Growth52=
Track record94
Bankruptcy probability, 12 months
6.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 2.58 against 1.99 in 2024; short-term debt: 38.4% and cash: 10% of total assets), and 38.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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 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
61.6%
Return on assets
-13.7%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
3 d early
2024
29 d late
2023
30 d late
2022
31 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€9k▼ 18.2%
2024 · €11k
2022: €7k
2023: €11k
2024: €11k
2022 → 2025
Total assets
€14k▼ 32.2%
2024 · €21k
2022: €74k
2023: €35k
2024: €21k
2022 → 2025
Net result
€-2k
2024 · €4
2022: €1k
2023: €4k
2024: €4
2022 → 2025
Working capital
€9k▼ 15.2%
2024 · €10k
2022: €5k
2023: €9k
2024: €10k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€7k-€11k▲ 53.0%€11k=€9k▼ 18.2%
Operating result€2k-€5k▲ 119%€159▼ 96.6%€-2k
Net result€1k-€4k▲ 255%€4▼ 99.9%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €159 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14k
Fixed assets
€127▼ 76.2%
Current assets
€14k▼ 31.1%
Equity and liabilities €14k
Equity
€9k▼ 18.2%
Debt
€6k▼ 46.8%
The debt ratio falls from 48.9% to 38.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-1k▼
2024 · €1k
Cash flow
€-2k▼
2024 · €1k
Solvency
61.6%▲
2024 · 51.1%
Current ratio
2.58▲
2024 · 1.99
Quick ratio
2.58▲
2024 · 1.99
Debt / equity
0.62▼
2024 · 0.96
ROE
-22.3%▼
2024 · 0.0%
ROA
-13.7%▼
2024 · 0.0%
Interest coverage
-7.31▼
2024 · 5.85
Debt
€6k▼
2024 · €10k
Debt ≤ 1 year
€6k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€21k€14k▼
Fixed assets21/28€533€127▼
Tangible fixed assets22/27€533€127▼
Plant, machinery and equipment23€423€127▼
Furniture and vehicles24€110-
Current assets29/58€21k€14k▼
Amounts receivable within one year40/41€16k€13k▼
Trade receivables40€9k€6k▼
Other amounts receivable41€7k€7k▼
Cash at bank and in hand54/58€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€21k€14k▼
Equity10/15€11k€9k▼
Contributions10/11€6k€6k=
Reserves13€5k€3k▼
Distributable reserves133€5k€3k▼
Amounts payable17/49€10k€6k▼
Amounts payable within one year42/48€10k€6k▼
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Other amounts payable47/48€5k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€76-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€406▼
Gross operating margin9900€1k€-1k▼
Operating profit (loss)9901€159€-2k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€238€188▼
Recurring financial charges65€238€188▼
Profit (loss) for the period before taxes9903€-79€-2k▼
Income taxes67/77€-83-
Profit (loss) for the period9904€4€-2k▼
Profit (loss) for the period to be appropriated9905€4€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-2k▼
Profit (loss) brought forward from the previous period14P€5k-
Transfer from equity791/2-€2k
Transfer to equity691/2€5k-
To other reserves6921€5k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-2k ▼56155%
Net result drops to €-2k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €4k ▲255%
Operating result €5k, net result €4k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2022
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.
Romeinsesteenweg 7731020 BrusselGround area
897 m²
Building footprint
333 m²
Volume, LiDAR
2,227 m³
2 parcels, Brussels, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Baxal
since 20222.332.099.041
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23352F0023/02T006 | Flanders | 534 m² | 1 · 200 m² | 7.9 m · 2 fl. |
| 21816G0043/00E004 | Brussels | 363 m² | 1 · 134 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
LEON COMPANY
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RASIKH INTERNATIONAL
BE 0787.477.177
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NASAFA
BE 0759.574.138
Asse · Eq €9k
JIT TRANSPORT
BE 0681.538.034
Antwerpen · Eq €9k
BAELE- CHERPADVI
BE 0438.272.229
Aalst · Eq €9k
Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 3,689 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-2022
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
41001General construction of residential buildings
43240Other construction installation
43299Specialised construction activities
49420Removal services
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.