BAY-TEC
ActiveSummary
BAY-TEC has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €83,513 and a net result of €22,083. Equity is growing by ~12.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+11
Solvency70▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.56 in 2023; short-term debt: 54.7% and cash: 24.2% of total assets), but 54.7% of the assets are financed with debt.
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Signals
Three 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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← 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
45.3%
Return on assets
12%
Age of the figures
21 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 22-06-2026, 39 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
39 d early
2024
21 d early
2023
30 d early
2022
19 d early
2021
12 d early
2020
9 d early
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€83,513▲ 35.9%
2023 · €61,430
Total assets
€184,401▲ 44.8%
2023 · €127,377
Net result
€22,083▲ 439%
2023 · €4,099
Working capital
€64,418▲ 73.1%
2023 · €37,205
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€14,649▲ 70.1%€16,337▲ 11.5%€6,724▼ 58.8%€8,801▲ 30.9%€35,998▲ 309%
Net result€8,662within the sector's middle half▲ 73.1%€8,107within the sector's middle half▼ 6.4%€2,661within the sector's middle half▼ 67.2%€4,099within the sector's middle half▲ 54.1%€22,083within the sector's middle half▲ 439%
Equity€46,563within the sector's middle half▲ 22.9%€54,669within the sector's middle half▲ 17.4%€57,330within the sector's middle half▲ 4.9%€61,430within the sector's middle half▲ 7.2%€83,513within the sector's middle half▲ 35.9%
Total assets€142,036within the sector's middle half▲ 88.5%€97,297within the sector's middle half▼ 31.5%€126,835within the sector's middle half▲ 30.4%€127,377within the sector's middle half▲ 0.4%€184,401within the sector's middle half▲ 44.8%
Debt€95,474▲ 155%€42,628▼ 55.4%€69,505▲ 63.0%€65,948▼ 5.1%€100,888▲ 53.0%
Working capital€5,446within the sector's middle half€12,552within the sector's middle half▲ 130%€24,121within the sector's middle half▲ 92.2%€37,205within the sector's middle half▲ 54.2%€64,418within the sector's middle half▲ 73.1%
Solvency32.8%within the sector's middle half▼ 17.5pp56.2%within the sector's middle half▲ 23.4pp45.2%within the sector's middle half▼ 11.0pp48.2%within the sector's middle half▲ 3.0pp45.3%within the sector's middle half▼ 2.9pp
Current ratio1.06within the sector's middle half▲ 0.241.29within the sector's middle half▲ 0.231.35within the sector's middle half▲ 0.051.56within the sector's middle half▲ 0.221.64within the sector's middle half▲ 0.07
Return on assets (ROA)6.1%within the sector's middle half▼ 0.5pp8.3%within the sector's middle half▲ 2.2pp2.1%within the sector's middle half▼ 6.2pp3.2%within the sector's middle half▲ 1.1pp12.0%within the sector's middle half▲ 8.8pp
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 309% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €184,401
Fixed assets
€19,095 ▼ 21.2%
Current assets
€165,306 ▲ 60.3%
Equity and liabilities €184,401
Equity
€83,513 ▲ 35.9%
Debt
€100,888 ▲ 53.0%
Debt's share of the balance-sheet total rises from 51.8% to 54.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,128▲
2023 · €19,106
Cash flow
€27,213▲
2023 · €14,405
Debt to equity
1.21▲
2023 · 1.07
ROE
26.4%▲
2023 · 6.7%
Interest coverage
8.21▼
2023 · 8.23
Debt ≤ 1 year
€100,888▲
2023 · €65,948
Income taxes
€10,734▲
2023 · €2,596
Staff costs
€107,185▲
2023 · €99,110
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €86,392 | €70,237 | €99,110 | €107,185 | ▲ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,143 | €8,950 | €10,961 | €10,305 | €5,130 | ▼ 50.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €38,579 | - | - |
| Other operating charges640/8 | - | €883 | €1,258 | €988 | €12,524 | ▲ 1,167% |
| Gross operating margin9900 | €69,445 | €112,562 | €89,180 | €157,783 | €160,837 | ▲ 1.9% |
| Operating profit (loss)9901 | €14,649 | €16,337 | €6,724 | €8,801 | €35,998 | ▲ 309% |
| Financial income75/76B | - | €105 | €1,560 | €215 | €1,826 | ▲ 750% |
| Recurring financial income75 | €1 | €105 | €1,560 | €215 | €1,826 | ▲ 750% |
| Financial charges65/66B | - | €4,934 | €2,685 | €2,321 | €5,007 | ▲ 116% |
| Recurring financial charges65 | €2,803 | €4,934 | €2,685 | €2,321 | €5,007 | ▲ 116% |
| Profit (loss) for the period before taxes9903 | €11,738 | €11,509 | €5,599 | €6,696 | €32,817 | ▲ 390% |
| Income taxes67/77 | €3,076 | €3,402 | €2,937 | €2,596 | €10,734 | ▲ 313% |
| Profit (loss) for the period9904 | €8,662 | €8,107 | €2,661 | €4,099 | €22,083 | ▲ 439% |
| Profit (loss) for the period to be appropriated9905 | €8,662 | €8,107 | €2,661 | €4,099 | €22,083 | ▲ 439% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €142,036 | €97,297 | €126,835 | €127,377 | €184,401 | ▲ 44.8% |
| Fixed assets21/28 | €50,967 | €42,118 | €33,209 | €24,225 | €19,095 | ▼ 21.2% |
| Tangible fixed assets22/27 | €50,967 | €42,118 | €33,209 | €24,225 | €19,095 | ▼ 21.2% |
| Land and buildings22 | - | €34,375 | €29,280 | €24,184 | €19,089 | ▼ 21.1% |
| Furniture and vehicles24 | - | €7,743 | €3,930 | €40 | €6 | ▼ 86.1% |
| Current assets29/58 | €91,069 | €55,180 | €93,626 | €103,152 | €165,306 | ▲ 60.3% |
| Amounts receivable within one year40/41 | €63,407 | €45,394 | €85,903 | €89,254 | €120,673 | ▲ 35.2% |
| Trade receivables40 | - | €35,115 | €67,524 | €55,003 | €86,989 | ▲ 58.2% |
| Other amounts receivable41 | - | €10,279 | €18,379 | €34,250 | €33,683 | ▼ 1.7% |
| Cash at bank and in hand54/58 | €27,663 | €9,786 | €7,723 | €13,899 | €44,633 | ▲ 221% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €142,036 | €97,297 | €126,835 | €127,377 | €184,401 | ▲ 44.8% |
| Equity10/15 | €46,563 | €54,669 | €57,330 | €61,430 | €83,513 | ▲ 35.9% |
| Contributions10/11 | - | €18,690 | €18,690 | €18,690 | €18,690 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €26,013 | €34,119 | €36,780 | €40,880 | €62,963 | ▲ 54.0% |
| Amounts payable17/49 | €95,474 | €42,628 | €69,505 | €65,948 | €100,888 | ▲ 53.0% |
| Amounts payable within one year42/48 | €85,624 | €42,628 | €69,505 | €65,948 | €100,888 | ▲ 53.0% |
| Trade debts44 | €75,350 | €29,577 | €52,723 | €28,888 | €59,682 | ▲ 107% |
| Suppliers440/4 | - | €29,577 | €52,723 | €28,888 | €59,682 | ▲ 107% |
| Taxes, remuneration and social security45 | - | €9,718 | €16,782 | €37,060 | €41,206 | ▲ 11.2% |
| Taxes450/3 | - | €9,718 | €16,782 | €24,843 | €33,703 | ▲ 35.7% |
| Remuneration and social security454/9 | - | - | - | €12,217 | €7,503 | ▼ 38.6% |
| Other amounts payable47/48 | - | €3,333 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,662 | €8,107 | €2,661 | €4,099 | €22,083 | ▲ 439% |
| + Depreciation and write-downs630 | €6,143 | €8,950 | €10,961 | €10,305 | €5,130 | ▼ 50.2% |
| Operating cash flow (approximation) | €14,806 | €17,056 | €13,622 | €14,405 | €27,213 | ▲ 88.9% |
| Investment in fixed assets (approximation) | - | -€100 | -€2,053 | -€1,321 | €0 | ▲ 100% |
| Change in cash | - | -€17,877 | -€2,063 | €6,176 | €30,735 | ▲ 398% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €22,083 ▲439%
Operating result €35,998, net result €22,083, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €2,661 ▼67.2%
Net result drops to €2,661, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Beringen · 1 establishment unit since 2016
Ground area
372 m²
Building footprint
119 m²
Volume, LiDAR
870 m³
Parcel 71004A0575/25G002, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BAY-TEC
since 20162.258.051.617
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004A0575/25G002 | Flanders | 372 m² | 1 · 119 m² | 10.8 m · 3 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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesBAY-TEC BV44718
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,347. 1,112 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
Founded16-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
43211General electrical installation work
33200Installation of industrial machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0648821617
Registered
09-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.