BIAF TECHNICS

Active

Private limited companyfounded 20224 yrs activeFortsesteenweg 34, 2860 Sint-Katelijne-Waver, BelgiumKBO/BCE: BE 0786.588.044

The computed 12-month bankruptcy probability of BIAF TECHNICS is 2.7% (moderate). The 2024 annual accounts show equity of €72k and a net result of €44k. Its solvency ranks better than 32% of 36375 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability84▲+7

Solvency56▲+14

Growth85

Track record94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3.5k at 30 days acceptable

Liquidity short (current ratio 0.71 against 0.63 in 2023; short-term debt: 69.5% and cash: 9.2% of total assets), and 69.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

30.5%

Return on assets

18.5%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

9 d early

2023

on the day

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€805k▲ 22.3%

2023 · €659k

2023: €659k

2023 → 2024

EBIT margin

7.2%▲ 1.8pp

2023 · 5.4%

2023: 5.4%

2023 → 2024

Net result

€44k▲ 56.1%

2023 · €28k

2023: €28k

2023 → 2024

Working capital

€-48k▲ 6.1%

2023 · €-51k

2023: €-51k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Turnover€659k-€805k▲ 22.3%

Equity€28k-€72k▲ 154%

Operating result€35k-€58k▲ 63.6%

Net result€28k-€44k▲ 56.1%

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

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 64% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €237k

50.7%

49.3%

Fixed assets €120k▲ 51.2%

Current assets €117k▲ 33.5%

Equity and liabilities €237k

30.5%

69.5%

Equity €72k▲ 154%

Debt €164k▲ 18.9%

The debt ratio falls from 82.9% to 69.5%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€94k▲

2023 · €52k

Cash flow

€80k▲

2023 · €44k

Solvency

30.5%▲

2023 · 17.1%

Current ratio

0.71▲

2023 · 0.63

Quick ratio

0.71▲

2023 · 0.63

Debt / equity

2.28▼

2023 · 4.86

ROE

60.6%▼

2023 · 98.6%

ROA

18.5%▲

2023 · 16.8%

Interest coverage

272.34▲

2023 · 69.83

Debt

€164k▲

2023 · €138k

Debt ≤ 1 year

€164k▲

2023 · €138k

Income taxes

€14k▲

2023 · €7k

Staff costs

€211k▲

2023 · €178k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€167k€237k▲

Fixed assets21/28€79k€120k▲

Intangible fixed assets21€8k€8k=

Tangible fixed assets22/27€68k€108k▲

Plant, machinery and equipment23€7k€12k▲

Furniture and vehicles24€60k€96k▲

Other tangible fixed assets26€948€582▼

Financial fixed assets28€3k€4k▲

Current assets29/58€87k€117k▲

Amounts receivable within one year40/41€59k€95k▲

Trade receivables40€57k€80k▲

Other amounts receivable41€2k€15k▲

Cash at bank and in hand54/58€29k€22k▼

Equity and liabilities

Total equity and liabilities10/49€167k€237k▲

Equity10/15€28k€72k▲

Contributions10/11€1k€1k=

Outside capital11€1k€1k=

Other1109/19€1k€1k=

Profit (loss) carried forward14€27k€71k▲

Amounts payable17/49€138k€164k▲

Amounts payable within one year42/48€138k€164k▲

Trade debts44€68k€90k▲

Suppliers440/4€68k€90k▲

Taxes, remuneration and social security45€64k€27k▼

Taxes450/3€26k€8k▼

Remuneration and social security454/9€38k€19k▼

Other amounts payable47/48€6k€47k▲

Income statement Code20232024

Turnover70€659k€805k▲

Goods, raw materials, services and sundry goods60/61€430k€519k▲

Remuneration, social security and pensions62€178k€211k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€36k▲

Other operating charges640/8€3k€10k▲

Non-recurring operating charges66A-€500

Gross operating margin9900€233k€315k▲

Operating profit (loss)9901€35k€58k▲

Financial income75/76B€169-

Recurring financial income75€169-

Financial charges65/66B€739€347▼

Recurring financial charges65€739€347▼

Profit (loss) for the period before taxes9903€35k€58k▲

Income taxes67/77€7k€14k▲

Profit (loss) for the period9904€28k€44k▲

Profit (loss) for the period to be appropriated9905€28k€44k▲

Appropriation of the result

Profit (loss) to be appropriated9906€28k€71k▲

Profit (loss) brought forward from the previous period14P-€27k

Profit to be distributed694/7€609-

Other beneficiaries697€609-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

22-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

NBB filing

Directors · office · real estate

Directors

3 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, Sint-Katelijne-Waver · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Fortsesteenweg 342860 Sint-Katelijne-Waver

Ground area

3.5 ha

Building footprint

1.0 ha

Volume, LiDAR

94,179 m³

Parcel 12422D0096/00F000, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

BIAF TECHNICS

Fortsesteenweg 34, 2860 Sint-Katelijne-WaverPrinting and reproduction of recorded media

since 20222.332.172.483

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12422D0096/00F000	Flanders	3.5 ha	1 · 1.0 ha	13.6 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

2023 to 2024 · 2 entries · 671 EUR awarded · 671 EUR paid

Year	Entries	awarded	paid
2024	1	563 EUR	563 EUR
2023	1	108 EUR	108 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 671 EUR · 671 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

2 categories

BIAF TECHNICS BV42216

category C2, class 1 · category P1, class 1

decision 13-09-2022

Similar companies · same sector, comparable size

TOM CONSTRUCTION

BE 0503.973.297

Kapelle-op-den-Bos · Eq €72k

Sint-Truiden · Eq €71k

Of 1,362 companies in sector 43110 we hold annual accounts for 632. 492 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded25-05-2022

Fiscal year end31-12

Activities, NACEBEL

43110Demolition

43211General electrical installation work

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.