Equity
DE BAERDEMAECKER has made a profit without a break since 2014.
DE BAERDEMAECKER has made a profit without a break since 2014.
The result fell in 2025 from €404,067 to €198,359.
The accounts state no turnover.
Debts rose by €686,845 in 2025.
In 2025, 4 people joined and 3 left.
The last five annual accounts were filed 14 to 44 days before the end of the period.
The dashed line is the sector median: 0.9% across 2,306 companies (NACE 52, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 52, micro). It does better than 60% of them on solvency, 38% on liquidity, 55% on profitability and 49% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
In July 2024, 17,041 companies had the same profile as DE BAERDEMAECKER has now. Each dot stands for 43 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DE BAERDEMAECKER itself: 0.1% within 12 months.
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 17,041 companies, not a prediction for DE BAERDEMAECKER. 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.
Liquidity is ample, with a current ratio of 2.1 (2.53 in 2024), above the usual 1.5. Short-term debt is 46.6% and cash 13.7% of total assets. 48.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DE BAERDEMAECKER Ghent | €4.1m | €0.8m | 51.8% | 5.4 |
| NORMED BELGIUM Antwerp | €2.9m | €0.5m | 65.2% | 3 |
| FERTAGRO HANDLING Wevelgem | €1.4m | €0.6m | 87.3% | 6.7 |
| DE RYCKE Z&G Beveren-Kruibeke-Zwijndrecht | €4.3m | €0.4m | 24.4% | 6.9 |
| Export Services Antwerp Beveren-Kruibeke-Zwijndrecht | €1.8m | €0.8m | 85.1% | 3.6 |
| ZEEBRUGGE A.C.S. Bruges | €1.6m | €1.2m | 20.7% | 15.4 |
| GAC Belgium Antwerp | €2.8m | €0.5m | -31.8% | 5 |
These companies have the same main activity as DE BAERDEMAECKER: warehousing and support activities for transportation (NACE 52241). They are comparable in size and age: total assets between €1.4m and €4.3m, founded between 1985 and 2014.
DE BAERDEMAECKER has existed since 2001. Turnover fell from €7.9m in 2011 to €1.5m in 2013.
Solvency fell in 2025 from 61.1% to 51.8% because of the dividend and higher debts to suppliers.
DR-Hold holds 54.84% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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