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Bazarts

Active
Non-profit associationfounded 201412 yrs activeLummense Kiezel 68B, 3510 Hasselt, BelgiumKBO/BCE: BE 0548.658.328
Summary

Bazarts has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2,924) and a net result of -€2,567. Its solvency ranks better than 15% of 2071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes
Profitability39
Solvency17
Growth-
Track record85
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.05; short-term debt: 76.1% and cash: 29.5% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer 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 2025
Solvency, return and age of the figures
Solvency
-7.7%
Return on assets
-6.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
3 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Bazarts was incorporated on 18 March 2014.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Turnover
€137,751
EBIT margin
-1.9%
Net result
-€2,567
Working capital
€1,451

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €38,023
Fixed assets €7,624
Current assets €30,399
Key figures and ratios
2025 value
EBITDA
€2,304
Cash flow
€2,381
Solvency
-7.7%
Current ratio
1.05
Debt to equity
-14.00
ROA
-6.8%
Interest coverage
4.16
Debt
€40,947
Debt ≤ 1 year
€28,947
Debt > 1 year
€12,000
Staff costs
€50,437

Peer companies

Historical observation

Of the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.8% went bankrupt
5.8% stopped otherwise
91% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: < 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 2,332 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
Filed annual accounts As filed with the NBB · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€38,023
Formation expenses20€0
Fixed assets21/28€7,624
Tangible fixed assets22/27€7,624
Land and buildings22€4,334
Plant, machinery and equipment23€296
Furniture and vehicles24€2,995
Current assets29/58€30,399
Amounts receivable within one year40/41€18,078
Trade receivables40€15,626
Other amounts receivable41€2,452
Cash at bank and in hand54/58€11,213
Deferred charges and accrued income490/1€1,108
Equity and liabilities
Total equity and liabilities10/49€38,023
Equity10/15-€2,924
Profit (loss) carried forward14-€2,924
Amounts payable17/49€40,947
Amounts payable after more than one year17€12,000
Financial debts170/4€12,000
Amounts payable within one year42/48€28,947
Trade debts44€17,889
Suppliers440/4€17,889
Taxes, remuneration and social security45€3,974
Remuneration and social security454/9€3,974
Income statement Code2025
Turnover70€137,751
Non-recurring operating income76A€1,390
Goods, raw materials, services and sundry goods60/61€86,196
Remuneration, social security and pensions62€50,437
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,948
Other operating charges640/8€204
Gross operating margin9900€52,945
Operating profit (loss)9901-€2,644
Financial income75/76B€630
Recurring financial income75€630
Financial charges65/66B€554
Recurring financial charges65€554
Profit (loss) for the period before taxes9903-€2,567
Profit (loss) for the period9904-€2,567
Profit (loss) for the period to be appropriated9905-€2,567
Appropriation of the result
Profit (loss) to be appropriated9906-€2,924
Profit (loss) brought forward from the previous period14P-€357

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Turnover70€137,751
Non-recurring operating income76A€1,390
Goods, raw materials, services and sundry goods60/61€86,196
Remuneration, social security and pensions62€50,437
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,948
Other operating charges640/8€204
Gross operating margin9900€52,945
Operating profit (loss)9901-€2,644
Financial income75/76B€630
Recurring financial income75€630
Financial charges65/66B€554
Recurring financial charges65€554
Profit (loss) for the period before taxes9903-€2,567
Profit (loss) for the period9904-€2,567
Profit (loss) for the period to be appropriated9905-€2,567
Line2025
Assets
Total assets20/58€38,023
Formation expenses20€0
Fixed assets21/28€7,624
Tangible fixed assets22/27€7,624
Land and buildings22€4,334
Plant, machinery and equipment23€296
Furniture and vehicles24€2,995
Current assets29/58€30,399
Amounts receivable within one year40/41€18,078
Trade receivables40€15,626
Other amounts receivable41€2,452
Cash at bank and in hand54/58€11,213
Deferred charges and accrued income490/1€1,108
Equity and liabilities
Total equity and liabilities10/49€38,023
Equity10/15-€2,924
Profit (loss) carried forward14-€2,924
Amounts payable17/49€40,947
Amounts payable after more than one year17€12,000
Financial debts170/4€12,000
Amounts payable within one year42/48€28,947
Trade debts44€17,889
Suppliers440/4€17,889
Taxes, remuneration and social security45€3,974
Remuneration and social security454/9€3,974
Line2025
Profit (loss) for the period9904-€2,567
+ Depreciation and write-downs630€4,948
Operating cash flow (approximation)€2,381

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
03-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
1,118 m²
Building footprint
126 m²
Volume, LiDAR
643 m³
Parcel 71028A0121/00N000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lummense Kiezel 68B, 3510 Hasselt
Other membership organisations
since 20142.228.374.565
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71028A0121/00N000 Flanders 1,118 m² 1 · 126 m² 8.5 m · 2 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.

Public money · subsidies and aid

Flemish government

2022 to 2023 · 2 entries · 7,500 EUR awarded · 7,500 EUR paid
Year Entries awardedpaid
2023 1 0 EUR7,500 EUR
2022 1 7,500 EUR0 EUR
Schemes
2 entries · 7,500 EUR · 7,500 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 997 companies in sector 85593 we hold annual accounts for 129. See the whole sector

Identification & contact

Identification
Legal formNon-profit association
Founded18-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
85593Socio-cultural adult education
94999Other membership organisations
85599Other education
85699Other educational support services
90120Visual arts creation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0548658328
Also 9925:BE0548658328
Registered 19-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.