BAY LAT
ActiveThe computed 12-month bankruptcy probability of BAY LAT is 2.9% (moderate). The 2024 annual accounts show negative equity (€-9k) and a net result of €-14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 725 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
25
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency14▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.54 in 2023; short-term debt: 103.9% and cash: 16.4% of total assets), and equity is negative.
Credit advice 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 53
Relative position
BE, all sectors
reference
Sector 53
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-10.7%
Return on assets
-15.5%
Age of the figures
21 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-9k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
33 d late
2022
50 d late
2021
31 d late
2020
31 d late
2019
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-14k▲ 9.3%
2023 · €-15k
2018: €6k
2019: €5k
2020: €5k
2021: €6k
2022: €13k
2023: €-15k
2018 → 2024
Working capital
€-56k▼ 54.7%
2023 · €-36k
2018: €-35k
2019: €-37k
2020: €-50k
2021: €-33k
2022: €-26k
2023: €-36k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-145-€6k€19k▲ 232%€4k▼ 78.0%€-9k
Operating result€8k-€5k▼ 36.0%€13k▲ 150%€-9k€-6k▲ 34.5%
Net result€5k-€6k▲ 22.7%€13k▲ 126%€-15k€-14k▲ 9.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2024 against €9k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €88k
Fixed assets
€53k▲ 17.0%
Current assets
€35k▼ 19.6%
Key figures and ratios
EBITDA
€154▲
2023 · €-4k
Cash flow
€-8k▲
2023 · €-11k
Solvency
-10.7%▼
2023 · 4.8%
Current ratio
0.38▼
2023 · 0.54
Quick ratio
0.38▼
2023 · 0.54
Debt / equity
-10.38▼
2023 · 19.97
ROA
-15.5%▲
2023 · -16.9%
Interest coverage
0.03▲
2023 · -3.22
Debt
€97k▲
2023 · €84k
Debt ≤ 1 year
€91k▲
2023 · €80k
Debt > 1 year
€6k▲
2023 · €5k
Income taxes
€3k▼
2023 · €5k
Staff costs
€201k▼
2023 · €221k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€89k€88k▼
Fixed assets21/28€45k€53k▲
Tangible fixed assets22/27€15k€22k▲
Furniture and vehicles24€15k€22k▲
Financial fixed assets28€31k€31k=
Current assets29/58€43k€35k▼
Amounts receivable within one year40/41€40k€19k▼
Trade receivables40€40k€17k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€3k€14k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€89k€88k▼
Equity10/15€4k€-9k▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Share premium1100/10€19k-
Profit (loss) carried forward14€-14k€-28k▼
Amounts payable17/49€84k€97k▲
Amounts payable after more than one year17€5k€6k▲
Financial debts170/4€5k€6k▲
Amounts payable within one year42/48€80k€91k▲
Current portion of amounts payable after more than one year42-€4k
Financial debts43€1k-
Credit institutions430/8€1k-
Trade debts44€36k€59k▲
Suppliers440/4€36k€59k▲
Taxes, remuneration and social security45€29k€28k▼
Taxes450/3€19k€10k▼
Remuneration and social security454/9€10k€18k▲
Other amounts payable47/48€14k-
Income statement
Code20232024
Remuneration, social security and pensions62€221k€201k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€340€677▲
Gross operating margin9900€217k€202k▼
Operating profit (loss)9901€-9k€-6k▲
Financial income75/76B-€8
Recurring financial income75-€8
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€-10k€-11k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€-15k€-14k▲
Profit (loss) for the period to be appropriated9905€-15k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-28k▼
Profit (loss) brought forward from the previous period14P€584€-14k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 33 days late
2023
31-12
Financial
Weakest financial yearnet €-15k ▼212%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 50 days late
2022
31-12
Financial
Highest result since 2018net €13k ▲126%
Operating result €13k, net result €13k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Machelen (Brab.) · 1 establishment unit since 2005
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.
Leuvensesteenweg 531830 Machelen (Brab.)Ground area
128 m²
Building footprint
87 m²
Volume, LiDAR
403 m³
Parcel 23047B0080/00L006, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
-
since 20052.148.368.866
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047B0080/00L006 | Flanders | 128 m² | 1 · 87 m² | 8.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
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CADIEL
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BE 0695.571.063
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MBE BELGIUM
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Of 430 companies in sector 53100 we hold annual accounts for 126. 67 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2005
Fiscal year end31-12
Activities, NACEBEL
53100Postal and courier activities
53200Other postal and courier activities
64110
64120
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:baylat_66@hotmail.com