BAYART
ActiveBAYART has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.22M and a net result of €670k. Equity is shrinking by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 61% of 670 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+3
Solvency81▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.56 in 2024; short-term debt: 27.6% and cash: 3.9% of total assets), and 44.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.7%
Return on assets
11.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.22M
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
11 d early
2021
2 d early
2020
2 d early
2019
1 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€670k▲ 51.6%
2024 · €442k
2018: €926k
2019: €549k
2020: €86k
2021: €343k
2022: €476k
2023: €771k
2024: €442k
2018 → 2025
Working capital
€1.09M▼ 7.4%
2024 · €1.17M
2018: €4.28M
2019: €3.45M
2020: €3.44M
2021: €3.94M
2022: €901k
2023: €1.18M
2024: €1.17M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.71M-€1.43M▼ 69.6%€2.17M▲ 51.7%€2.62M▲ 20.4%€3.22M▲ 23.0%
Operating result€454k-€632k▲ 39.2%€1.01M▲ 60.0%€577k▼ 43.0%€571k▼ 1.1%
Net result€343k-€476k▲ 38.7%€771k▲ 62.1%€442k▼ 42.6%€670k▲ 51.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.77M
Fixed assets
€3.09M▲ 88.5%
Current assets
€2.68M▼ 18.3%
Equity and liabilities €5.77M
Equity
€3.22M▲ 23.0%
Debt
€2.55M▲ 10.9%
The debt ratio falls from 46.8% to 44.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.08M▲
2024 · €938k
Cash flow
€1.18M▲
2024 · €803k
Solvency
55.7%▲
2024 · 53.2%
Current ratio
1.68▲
2024 · 1.56
Quick ratio
1.63▲
2024 · 1.52
Debt / equity
0.79▼
2024 · 0.88
ROE
20.8%▲
2024 · 16.9%
ROA
11.6%▲
2024 · 9.0%
Interest coverage
41.06▲
2024 · 36.88
Debt
€2.55M▲
2024 · €2.30M
Debt ≤ 1 year
€1.59M▼
2024 · €2.11M
Debt > 1 year
€920k▲
2024 · €182k
Income taxes
€128k▼
2024 · €152k
Staff costs
€2.17M▲
2024 · €1.96M
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€4.92M€5.77M▲
Fixed assets21/28€1.64M€3.09M▲
Intangible fixed assets21€38k€15k▼
Tangible fixed assets22/27€1.60M€3.07M▲
Land and buildings22€357k€1.51M▲
Plant, machinery and equipment23€1.07M€1.37M▲
Furniture and vehicles24€171k€196k▲
Financial fixed assets28€486€486=
Current assets29/58€3.28M€2.68M▼
Stocks and contracts in progress3€84k€78k▼
Stocks30/36€84k€78k▼
Amounts receivable within one year40/41€1.69M€1.96M▲
Trade receivables40€1.50M€1.49M▼
Other amounts receivable41€182k€471k▲
Current investments50/53€1.26M€400k▼
Cash at bank and in hand54/58€221k€228k▲
Deferred charges and accrued income490/1€32k€16k▼
Equity and liabilities
Total equity and liabilities10/49€4.92M€5.77M▲
Equity10/15€2.62M€3.22M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.55M€3.15M▲
Non-distributable reserves130/1€20k€20k=
Legal reserve130€6k€6k=
Reserves not available under the articles1311€14k€14k=
Distributable reserves133€2.53M€3.13M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.30M€2.55M▲
Amounts payable after more than one year17€182k€920k▲
Financial debts170/4€182k€920k▲
Amounts payable within one year42/48€2.11M€1.59M▼
Current portion of amounts payable after more than one year42€88k€88k=
Trade debts44€914k€618k▼
Suppliers440/4€914k€618k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€325k€257k▼
Taxes450/3€46k€38k▼
Remuneration and social security454/9€279k€219k▼
Other amounts payable47/48€782k€633k▼
Accrued charges and deferred income492/3€14k€40k▲
Income statement
Code20242025
Non-recurring operating income76A€620€10k▲
Remuneration, social security and pensions62€1.96M€2.17M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€361k€505k▲
Other operating charges640/8€46k€47k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€2.94M€3.30M▲
Operating profit (loss)9901€577k€571k▼
Financial income75/76B€43k€254k▲
Recurring financial income75€43k€254k▲
Financial charges65/66B€25k€26k▲
Recurring financial charges65€25k€26k▲
Profit (loss) for the period before taxes9903€594k€798k▲
Income taxes67/77€152k€128k▼
Profit (loss) for the period9904€442k€670k▲
Profit (loss) for the period to be appropriated9905€442k€670k▲
Appropriation of the result
Profit (loss) to be appropriated9906€442k€670k▲
Transfer to equity691/2€442k€600k▲
To other reserves6921€442k€600k▲
Profit to be distributed694/7€0€70k▲
Directors or managers695€0€70k▲
Social balance
Average headcount (FTE)908728.231.2▲
The notes to these accounts (26 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2MEq €2.17M ▲51.7%
6 profitable years in a row build equity to €2.17M.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €86k ▼84.4%
Net result drops to €86k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Kortrijk · 1 establishment unit since 1994
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.
Oudenaardsesteenweg(Kor) 3678500 KortrijkGround area
1.5 ha
Building footprint
7,197 m²
Volume, LiDAR
60,883 m³
Parcel 34353B0311/00H004, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BAYART NV
since 19942.065.271.243
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0311/00H004 | Flanders | 1.5 ha | 1 · 7,197 m² | 10.4 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,485 EUR awarded · 3,539 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 934 EUR | 934 EUR |
| 2024 | 1 | 1,824 EUR | 1,824 EUR |
| 2023 | 1 | 106 EUR | 160 EUR |
| 2022 | 1 | 621 EUR | 621 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 4 endedHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
Legal Entity Identifier
984500C3QCF99CA4DJ21
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Of 3,463 companies in sector 25530 we hold annual accounts for 1,658. 727 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-12-1993
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25530Machining of metals
28110
28520
43990Other specialised construction activities
43999Specialised construction activities
45250
74700
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 32 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.