CHALETS BAKA
ActiveSummary
CHALETS BAKA has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €668,378 and a net result of €36,283. Equity has been growing by about 28% per year since 2018. Its solvency ranks better than 90% of 661 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-07-1990 Normal situation
- Activity
- Manufacture of other wood products NACE 16281
- Establishment unit
- 2.049.426.589 9300 Aalst, since 07-09-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 25-09-2025
Board and ownership
- DE BACKER Gerrit Leopold MarthaDirector
- DE BACKER Hans Irma JanDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €102,126
- ▼ 47.2%
- Turnover
- ≈ €260,000
- estimated
- Profit
- €36,283
- ▼ 65.7%
- Equity
- €668,378
- ▲ 5.7%
- Total assets
- €785,558
- ▼ 5.6%
- Staff
- ≈ 0.3 FTE
- estimated
Score breakdownraises riskSector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)lowers riskSize: total assets €785,558Founded in 1990Equity €668,378 (85.1% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 16, micro). It does better than 90% of them on solvency, 55% on liquidity, 55% on profitability and 53% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 36 filings
Every figure per financial year
The operating result for 2025 is 64% lower than in 2024. It is the third fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,728 | €7,070 | €3,513 | €19,323 | €46,665 |
| Depreciation and write-downs of the year | €18,329 | €10,817 | €8,350 | €9,016 | €11,033 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €636 paid| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €7,112 | €4,880 | €5,406 | €6,298 | €6,838 | ▲ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,248 | €16,021 | €16,494 | €18,329 | €10,817 | €8,350 | €9,016 | €11,033 | ▲ 22.4% |
| Other operating charges640/8 | - | - | - | €23,822 | €23,879 | €28,695 | €22,928 | €27,961 | ▲ 21.9% |
| Gross operating margin9900 | €116,504 | €119,654 | €158,944 | €66,044 | €219,440 | €217,277 | €193,589 | €102,126 | ▼ 47.2% |
| Operating profit (loss)9901 | -€26,510 | €88,516 | €120,179 | €16,781 | €179,865 | €174,826 | €155,347 | €56,295 | ▼ 63.8% |
| Financial income75/76B | - | - | - | €13 | €4 | €3 | - | €2 | - |
| Recurring financial income75 | €3,274 | - | €171 | €13 | €4 | €3 | - | €2 | - |
| Financial charges65/66B | - | - | - | €1,953 | €4,024 | €3,578 | €2,721 | €2,139 | ▼ 21.4% |
| Recurring financial charges65 | €15,882 | €3,484 | €1,369 | €1,953 | €4,024 | €3,578 | €2,721 | €2,139 | ▼ 21.4% |
| Profit (loss) for the period before taxes9903 | -€39,119 | €85,031 | €118,981 | €14,841 | €175,844 | €171,250 | €152,625 | €54,158 | ▼ 64.5% |
| Income taxes67/77 | - | - | - | €1,962 | €29,925 | €57,252 | €46,924 | €17,875 | ▼ 61.9% |
| Profit (loss) for the period9904 | -€39,119 | €85,031 | €118,981 | €12,879 | €145,919 | €113,998 | €105,701 | €36,283 | ▼ 65.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €12,255 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€39,119 | €85,031 | €118,981 | €25,133 | €145,919 | €113,998 | €105,701 | €36,283 | ▼ 65.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.0m | €1.1m | €0.9m | €1.0m | €0.8m | €0.8m | €0.8m | ▼ 5.6% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 6.5% |
| Tangible fixed assets22/27 | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 6.5% |
| Land and buildings22 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 5.7% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.006m | €0.004m | €0.001m | €0.002m | ▲ 10.0% |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.007m | €0.007m | €0.007m | €0.01m | ▲ 63.5% |
| Financial fixed assets28 | €0.01m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €0.5m | €0.5m | €0.5m | €0.4m | €0.5m | €0.2m | €0.3m | €0.2m | ▼ 29.3% |
| Stocks and contracts in progress3 | €0.03m | €0.3m | €0.2m | €0.06m | - | - | - | - | - |
| Contracts in progress37 | - | - | - | €0.06m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.1m | €0.1m | €0.3m | €0.09m | €0.2m | €0.1m | ▼ 16.2% |
| Trade receivables40 | - | - | - | €0.05m | €0.1m | €0.09m | €0.06m | €0.03m | ▼ 42.0% |
| Other amounts receivable41 | - | - | - | €0.07m | €0.2m | €273 | €0.1m | €0.1m | ▼ 1.0% |
| Cash at bank and in hand54/58 | €0.05m | €0.09m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.06m | ▼ 49.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.007m | - | - | €0.003m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €1.1m | €0.9m | €1.0m | €0.8m | €0.8m | €0.8m | ▼ 5.6% |
| Equity10/15 | €0.05m | €0.1m | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | ▲ 5.7% |
| Contributions10/11 | €0.4m | €0.4m | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.005m | €0.03m | €0.1m | €0.3m | €0.3m | ▲ 14.4% |
| Non-distributable reserves130/1 | - | - | - | €0.005m | €0.005m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.005m | €0.005m | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €0.03m | €0.1m | €0.3m | €0.3m | ▲ 14.4% |
| Profit (loss) carried forward14 | -€0.3m | -€0.3m | -€0.1m | -€0.1m | - | - | - | - | - |
| Amounts payable17/49 | €1.1m | €0.9m | €0.9m | €0.6m | €0.6m | €0.2m | €0.2m | €0.1m | ▼ 41.5% |
| Amounts payable after more than one year17 | - | - | - | €0.2m | €0.2m | €0.1m | €0.06m | - | - |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.1m | €0.06m | - | - |
| Amounts payable within one year42/48 | €1.1m | €0.9m | €0.9m | €0.4m | €0.4m | €0.1m | €0.1m | €0.1m | ▼ 17.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | ▼ 7.4% |
| Trade debts44 | €0.05m | €0.02m | €0.01m | €0.02m | €0.01m | €0.01m | €0.01m | €0.007m | ▼ 45.9% |
| Suppliers440/4 | - | - | - | €0.02m | €0.01m | €0.01m | €0.01m | €0.007m | ▼ 45.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | €0.03m | €0.03m | €0.05m | €0.04m | ▼ 21.2% |
| Taxes450/3 | - | - | - | €0.006m | €0.03m | €0.03m | €0.05m | €0.04m | ▼ 21.2% |
| Remuneration and social security454/9 | - | - | - | €0.002m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.01m | €0.01m | €0.01m | ▼ 18.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,119 | €85,031 | €118,981 | €12,879 | €145,919 | €113,998 | €105,701 | €36,283 | ▼ 65.7% |
| + Depreciation and write-downs630 | €16,248 | €16,021 | €16,494 | €18,329 | €10,817 | €8,350 | €9,016 | €11,033 | ▲ 22.4% |
| Operating cash flow (approximation) | -€22,871 | €101,052 | €135,475 | €31,208 | €156,736 | €122,349 | €114,717 | €47,316 | ▼ 58.8% |
| Investment in fixed assets (approximation) | - | €6,406 | -€9,195 | -€1,728 | -€7,070 | -€3,513 | -€19,323 | -€46,665 | ▼ 142% |
| Change in cash | - | €41,013 | €95,946 | -€26,078 | -€9,858 | -€14,184 | -€13,511 | -€59,779 | ▼ 342% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as CHALETS BAKA has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CHALETS BAKA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 14,766 companies, not a prediction for CHALETS BAKA. 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.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00241603 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00209951 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00178762 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00192903 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20103365 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-25500067 | |
| 31-12-2019 | abbreviated format | 24-09-2020 | 2020-55600199 | |
| 31-12-2018 | abbreviated format | 01-07-2019 | 2019-26100422 | |
| 31-12-2017 | abbreviated format | 01-07-2018 | 2018-26400303 | |
| 31-12-2016 | abbreviated format | 29-06-2017 | 2017-23500256 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 10-01-2024 Converted to unavailable equity
- 10-01-2024 Converted to uncalled contributions
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DE BACKER Gerrit Leopold Martha |
|
| DE BACKER Hans Irma Jan |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Iedere bestuurder kan bijzondere machten toekennen aan elke mandataris, iedere bestuurder vertegenwoordigt de vennootschap jegens derden en…”“Het bestuursorgaan bepaalt of zij alleen, dan wel gezamenlijk optreden, de gedelegeerden voor het dagelijks bestuur kunnen in het kader van…”
Capital, shares and profit
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Tenzij het bevoegde orgaan er anders over beslist, het bestuursorgaan bepaalt vrij, naargelang de behoeften van de vennootschap en op door…”“Dag van de openstelling van de intekening, 15”
Audit, dissolution and liquidation
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Benoemd voor een hernieuwbare termijn van drie jaar, wanneer het door de wet vereist is en binnen de wettelijke grenzen, wordt het toezicht…”
Articles of association, deed of 10-01-2024 (in Dutch)
Network & group
Companies at the same address
2 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
10-01
Gazette deed
Changes of role: De Backer Gerrit (director) and De Backer Hans (director)Legal-form conversion · Capital conversion · Reserve release16 points ▸
- General meeting, 27-12-2023
- Legal-form conversion, “besloten vennootschap met beperkte aansprakelijkheid” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Reserve release, “geldig voor eventuele toekomstige bijstortingen van het deel van het in het verleden geplaatste kapitaal dat op heden nog niet werd gestort, opheffen” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “Opdracht aan notaris, de algemene vergadering besluit de opdracht te geven aan de ondergetekende notaris om de coördinatie van de statuten op te maken en te ond…” (deed in Dutch)
- Director resignation, De Backer Gerrit (manager)
- Director resignation, De Backer Hans (manager)
- Director appointment, De Backer Gerrit (director (not named in the articles))
- Director appointment, De Backer Hans (director (not named in the articles))
- The act holds 4 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
7 activities
- Onderneming voor het fabriceren, leveren en plaatsen van chalets, tuinhuisjes, duivenhokken en garages in hout
- Onderneming voor het waterdicht maken van gebouwen, asfalt en teer
- Het fabriceren en de handel, zowel in het groot als in het klein, van niet metalen meubelen
- De uitviering van alle schrijn- en timmerwerk
- Onderneming voor het plaatsen van afsluitingen en reinigen en voegen van gevels
- Om het even welke commerciële, industriële immobiliën of financiële verrichtingen doen die rechtstreeks of onrechtstreeks in verband staan met dit voorwerp
- Deel mogen nemen aan de bedrijvigheden van andere vennootschappen met hetzelfde, gelijkaardige of aanverwant voorwerp, en dit voor inbreng-, versmelting, borgstelling of hoe dan ook
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41303D0125/00C000 | Flanders | 1.2 ha | 1 · 5,891 m² | 9.5 m · 2 |