Equity
-€15,410
Debts exceed assets in financial year 2024.
BAYER PROJECTEN
Lifetime
5 annual accounts with figures on one time axispeak €401,899 (2022)
€159,524▼ 10.7%
lowest -€15,565 (2024)
-€15,565▼ €13,106
peak €135,923 (2022)
-€15,410▼ €15,565
€353,043▲ 14.6%
peak 11.3 FTE (2022)
-not published
Board1 name since 2020
1 directorBayer Osman
Documentsfilings and deeds
15-10-202576 days late
2024micro format
Loss of €15,565Registered office moved from Sint-Niklaas to Temse 12-02Equity from €155 to -€15,410
Key points
from the 2024 annual accountsLosses
-€18,023 in two years
The 2023 and 2024 financial years closed with a loss. 2024 was the heaviest.
Debts
€353,043 105% of the balance sheet
Financial debts 18%Suppliers 8%Taxes and wages 25%Other 49%
Of this, €306,441 falls due within a year.
Staff
7 employees on 31-12-2024
In 2024, 10 people joined and 4 left.
Filings
5 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€15,410
Less equity than 95% of companies in specialised construction. Sector median €58,287 · 35,973 companies.
Checked score
13
Critical
Financially stronger than 6% of micro companies in specialised construction (NACE 43)
Probability in this band: over 15.0%
Bankruptcy probability within 12 months
15.8% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 13.9%
01-2025: 16.0%▲ +2.1 percentage points vs 12-2024
02-2025: 16.0%● unchanged vs 01-2025
03-2025: 13.2%▼ -2.8 percentage points vs 02-2025
04-2025: 14.1%▲ +0.9 percentage points vs 03-2025
05-2025: 14.0%▼ -0.1 percentage points vs 04-2025
06-2025: 13.9%▼ -0.1 percentage points vs 05-2025
07-2025: 13.3%▼ -0.6 percentage points vs 06-2025
08-2025: 13.5%▲ +0.2 percentage points vs 07-2025
09-2025: 14.5%▲ +1.0 percentage point vs 08-2025
10-2025: 18.3%▲ +3.8 percentage points vs 09-2025highest value
11-2025: 8.7%▼ -9.6 percentage points vs 10-2025
12-2025: 8.8%▲ +0.1 percentage points vs 11-2025
01-2026: 14.8%▲ +6.0 percentage points vs 12-2025
02-2026: 14.8%● unchanged vs 01-2026
03-2026: 8.7%▼ -6.1 percentage points vs 02-2026lowest value
04-2026: 8.9%▲ +0.2 percentage points vs 03-2026
05-2026: 9.0%▲ +0.1 percentage points vs 04-2026
06-2026: 10.6%▲ +1.6 percentage points vs 05-2026
07-2026: 10.1%▼ -0.5 percentage points vs 06-2026
08-2026: 11.0%▲ +0.9 percentage points vs 07-2026
09-2026: 12.0%▲ +1.0 percentage point vs 08-2026
10-2026: 15.8%▲ +3.8 percentage points vs 09-2026
11-2026: 15.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
1 financial year not filed after the legal deadline; last filed accounts filed 76 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 15-10-2025)
Liquidity: current ratio 0.70
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 7% of them on solvency, 1% on liquidity, 16% on profitability and 0% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,564 companies had the same profile as BAYER PROJECTEN has now. Each dot stands for 4 companies, two years later.
88.9%
were still trading
5.4%
stopped another way
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BAYER PROJECTEN itself is higher: 15.8% within 12 months. It rests on far more data about BAYER PROJECTEN than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,564 companies, not a prediction for BAYER PROJECTEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.7 (0.63 in 2023), below 1. Short-term debt is 90.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Eight signals.
raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€15,410
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 76 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
76 days late
2023
203 days late
2022
185 days late
2021
52 days early
2020
33 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 76 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Provisional administrator
Enterprise Court of Ghent · Kenny Marien · Interim measure
Registered office moved from Temse to Sint-Niklaas
New registered office: Kardinaal Cardijnlaan 49, 9100 Sint-Niklaas · Previous registered office: Spoorweglaan 36, 9140 Temse · General meeting of 14-11-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0742989910
Registered office moved from Sint-Niklaas to Temse
New registered office: Spoorweglaan 36 te 9140 Temse · Previous registered office: Kardinaal Cardijnlaan 49 te 9100 Sint-Niklaas · Board meeting of 15-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BAYER PROJECTEN Sint-Niklaas | €337,633 | €159,524 | -4.6% | - |
| JRDECO Waterloo | €350,748 | €182,360 | 2.9% | - |
| RS TEAM Wemmel | €368,815 | €180,771 | 58.3% | - |
| AM PEINTURE Saint-Nicolas | €313,102 | €136,660 | -12.4% | - |
| Steven Van Goethem Sint-Niklaas | €264,316 | €106,964 | 38.8% | - |
| DECO-OOST Merelbeke-Melle | €430,387 | €157,669 | 33.9% | - |
| Martygroep Lokeren | €293,595 | €153,407 | 26.4% | - |
These companies have the same main activity as BAYER PROJECTEN: painting of buildings (NACE 43341). They are comparable in size and age: total assets between €264,000 and €430,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 06-02-2020Interim administrator appointed on 15-05-2026 · normal situation in the KBO register
- Activity
- Painting of buildingsNACE 43341and 13 others
- Joint committees
- 111Metal, mechanical and electrical engineering
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.299.214.1609100 Sint-Niklaas, since 06-02-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Annual accounts 2024
- ≈ €540,000estimated
- €337,633▲ 9.5%
- Employeeson 31-12-2024
- 7
- Filing
- Filed on 15-10-2025
Insights on BAYER PROJECTEN
BAYER PROJECTEN files the micro format. That format states no turnover. The gross margin rose from €6,748 in 2020 to €159,524 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BAYER PROJECTEN
- What is the company number of BAYER PROJECTEN?
- The company number of BAYER PROJECTEN is 0742.989.910. The VAT number is the same number with BE in front: BE 0742.989.910.
- Where is BAYER PROJECTEN based?
- The registered office is at Kardinaal Cardijnlaan 49, 9100 Sint-Niklaas.Company details
- What does BAYER PROJECTEN do?
- According to the KBO register, the main activity is painting of buildings (NACE 43341).
- What is the legal form of BAYER PROJECTEN?
- BAYER PROJECTEN is a private limited company (BV).
- When was BAYER PROJECTEN founded?
- BAYER PROJECTEN was founded on 06-02-2020.
- Is BAYER PROJECTEN still active?
- Yes, BAYER PROJECTEN is an active enterprise in the KBO register.
- How many employees does BAYER PROJECTEN have?
- BAYER PROJECTEN had an average of 3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does BAYER PROJECTEN fall under?
- In its 2024 annual accounts, BAYER PROJECTEN states joint committees 111 (Metal, mechanical and electrical engineering), 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of BAYER PROJECTEN?
- The turnover in financial year 2024 is ≈ €540,000. This figure is estimated from the gross margin of €159,524 and 61 comparable companies (NACE 433). It probably lies between €370,000 and €790,000. In financial year 2022 turnover was €955,428.
- Is BAYER PROJECTEN profitable?
- In financial year 2024, BAYER PROJECTEN made a loss of €15,565.
- Where can I find the annual accounts of BAYER PROJECTEN?
- BAYER PROJECTEN filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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