BAY LEAF
ActiveSummary
BAY LEAF has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €48k and a net result of €-5k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability11▼-20
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 84.41; short-term debt: 1.2% and cash: 99.8% of total assets), and 1.2% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
98.8%
Return on assets
-10.6%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year €-5k
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 24-07-2025, 7 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
15 d early
2022
24 d early
2021
31 d late
2020
40 d early
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€48k▼ 9.7%
2023 · €54k
2019: €64k
2020: €61k
2021: €58k
2022: €55k
2023: €54k
2019 → 2024
Total assets
€49k▼ 8.7%
2023 · €54k
2019: €116k
2020: €62k
2021: €58k
2022: €56k
2023: €54k
2019 → 2024
Net result
€-5k▼ 248%
2023 · €-1k
2019: €1k
2020: €-2k
2021: €-3k
2022: €-3k
2023: €-1k
2019 → 2024
Working capital
€48k▼ 9.7%
2023 · €54k
2019: €48k
2020: €61k
2021: €58k
2022: €55k
2023: €54k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€61k-€58k▼ 5.3%€55k▼ 4.8%€54k▼ 2.7%€48k▼ 9.7%
Operating result€-2k-€-3k▼ 54.8%€-3k▲ 17.0%€-1k▲ 48.6%€-5k▼ 276%
Net result€-2k-€-3k▼ 33.8%€-3k▲ 15.5%€-1k▲ 45.9%€-5k▼ 248%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2024 against €1k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €49k
Equity
€48k ▼ 9.7%
Debt
€580 ▲ 1,036%
Debt's share of the balance-sheet total rises from 0.1% to 1.2%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
84.41
Debt to equity
0.01▲
2023 · 0.00
ROE
-10.7%▼
2023 · -2.8%
ROA
-10.6%▼
2023 · -2.8%
Debt ≤ 1 year
€580▲
2023 · €51
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 · 2024 against 2023 · 29 lines
Balance sheet
Code20232024
Assets
Total assets20/58€54k€49k▼
Current assets29/58€54k€49k▼
Amounts receivable within one year40/41€9€101▲
Other amounts receivable41€9€101▲
Cash at bank and in hand54/58€53k€49k▼
Deferred charges and accrued income490/1€384-
Equity and liabilities
Total equity and liabilities10/49€54k€49k▼
Equity10/15€54k€48k▼
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€53€53=
Non-distributable reserves130/1€53€53=
Legal reserve130€53€53=
Profit (loss) carried forward14€-9k€-14k▼
Amounts payable17/49€51€580▲
Amounts payable within one year42/48€51€580▲
Trade debts44€51€580▲
Suppliers440/4€51€580▲
Income statement
Code20232024
Other operating charges640/8€469€85▼
Gross operating margin9900€-873€-5k▼
Operating profit (loss)9901€-1k€-5k▼
Financial charges65/66B€150€150=
Recurring financial charges65€150€150=
Profit (loss) for the period before taxes9903€-1k€-5k▼
Profit (loss) for the period9904€-1k€-5k▼
Profit (loss) for the period to be appropriated9905€-1k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-14k▼
Profit (loss) brought forward from the previous period14P€-7k€-9k▼
Timeline · acts, filings and financial milestones
2026
27-03
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Wim Van Gasse3 facts ▸
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Wim Van Gasse3 facts ▸
- General meeting, 8 oktober 2025
- Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Wim Van Gasse
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 17current ratio 1049.86
Current ratio from 60.91 to 1049.86; short-term debt falls from €920 to €51.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 68.99
Current ratio from 16.07 to 68.99; short-term debt falls from €3k to €899.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2018
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.
Boechoutlaan 2211853 GrimbergenGround area
9.3 ha
Building footprint
328 m²
Volume, LiDAR
3,625 m³
Parcel 23084B0194/00G000, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BAY LEAF
since 20182.281.016.465
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084B0194/00G000 | Flanders | 9.3 ha | 1 · 328 m² | 13.9 m · 4 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.
Statutory auditor
1 auditor| Ernst et Young Reviseurs d'EntreprisesCurrent Statutory auditor · represented by Wim Van Gasse | 27-03-2026 → present |
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,248 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.