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Den Baes

Active
Private limited companyfounded 198936 years activeTenhovestraat 24, 8700 Tielt, BelgiumKBO/BCE: BE 0438.893.821
Summary

Den Baes has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €555,108. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 73% of 576 sector peers (NACE 33, fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Repair and maintenance of fabricated metal products
NACE 33110
1 site
Size
€2.4mtotal assets 2025
Staff
7.3 FTE
Equity
€1.4m
Profit
€555,108
Turnover not published (abridged schema)
Financial health
95 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.1%
Structure
Holdings
1
Accounts 26 days early0 of 4 deeds read
Why 95+ Founded in 1989+ Liquidity: current ratio 1.67, cash €359,140+ Equity €1.4m (58.0% of total assets)+ Profit of €555,108 (FY 2025)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 57% of its sector peers (NACE 33, micro)
Financial strength · tick = 2024
Strong
Solvency 83+10
equity 58.0% of total assets
Liquidity 50-5
short-term debt 39.8% · cash 15.1%
Profitability 98+4
return on assets 23.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (2,371 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.2%▲ +0.1 percentage points vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024highest value 02-2025: 0.1%▼ -0.1 percentage points vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026lowest value 06-2026: 0.1%● unchanged vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.74 in 2024; short-term debt: 39.8% and cash: 15.1% of total assets), and 42% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 33, micro): better than 66% on solvency, 44% on liquidity, 78% on profitability and 42% on growth.

The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk○neutral
lowers risk · Founded in 1989
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.67, cash €359,140
NBB · annual accounts
lowers risk · Equity €1.4m (58.0% of total assets)
NBB · annual accounts
lowers risk · Profit of €555,108 (FY 2025)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
26 days early
2024
7 days early
2023
22 days early
2022
40 days early
2021
6 days early
2020
3 days early
2019
23 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 9 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close07-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Highest result since 2019net €555,108 ▲1.2%
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Among the best 5% on net resultsector median €44,894 · 575 companies €555,108 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €555,108 7 years View

By topic

Financials

Fiscal year
2025
Total assets
€2.4m
Profit
€555,108
Solvency
58.0%
Total assets▼ 13.7%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-01-2027
  1. 09-01-2024Annual accounts filed
  2. 22-12-2022Annual accounts filed
  3. 30-06-2022Equity above €2m
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Repair and maintenance of fabricated metal productsNACE 33110
Founded
09-11-1989
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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