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Docteur E. BAUDUIN

Active
Private limited companyfounded 200520 yrs activeAvenue des Ormes 40, 4000 Liège, BelgiumKBO/BCE: BE 0877.904.339
Summary

Docteur E. BAUDUIN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €626,202 and a net result of €122,579. Equity remains stable across the filed fiscal years (±2.2% per year). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability74▲+11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 5.02 against 8.16 in 2024; short-term debt: 17.6% and cash: 22.9% of total assets), and 17.7% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 20 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
82.3%
Return on assets
16.1%
Age of the figures
15 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 09-12-2025, 53 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
53 d early
2024
28 d late
2023
11 d early
2022
4 d early
2021
49 d early
2020
26 d early
2019
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 20 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
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

On 14 December 2005, Docteur E. BAUDUIN was incorporated.1 Total assets went from EUR 570,144 in 2019 to EUR 760,794 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€626,202▼ 1.2%
2024 · €633,623
Total assets
€760,794▲ 5.6%
2024 · €720,279
Net result
€122,579▲ 36.1%
2024 · €90,087
Working capital
€539,241▼ 12.8%
2024 · €618,099
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€198,271▼ 21.2%€204,876▲ 3.3%€212,738▲ 3.8%€165,308▼ 22.3%€176,023▲ 6.5%
Net result€126,382▼ 9.9%€127,080▲ 0.6%€111,726▼ 12.1%€90,087▼ 19.4%€122,579▲ 36.1%
Equity€549,730▼ 9.6%€596,810▲ 8.6%€628,536▲ 5.3%€633,623▲ 0.8%€626,202▼ 1.2%
Total assets€750,932▲ 3.7%€685,858▼ 8.7%€711,952▲ 3.8%€720,279▲ 1.2%€760,794▲ 5.6%
Debt€201,202▲ 73.4%€89,048▼ 55.7%€83,416▼ 6.3%€86,656▲ 3.9%€134,592▲ 55.3%
Working capital€527,239▼ 9.6%€554,801▲ 5.2%€604,815▲ 9.0%€618,099▲ 2.2%€539,241▼ 12.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100,000€200,000Operating result 2021: €198,271€198,271Net result 2021: €126,382€126,382Operating result 2022: €204,876€204,876Net result 2022: €127,080€127,080Operating result 2023: €212,738€212,738Net result 2023: €111,726€111,726Operating result 2024: €165,308€165,308Net result 2024: €90,087€90,087Operating result 2025: €176,023€176,023Net result 2025: €122,579€122,57920212022202320242025€0€100,000€200,000Operating result 2023: €212,738€213,000Net result 2023: €111,726€112,000Operating result 2024: €165,308€165,000Net result 2024: €90,087€90,100Operating result 2025: €176,023€176,000Net result 2025: €122,579€123,000202320242025
The operating result recovers in 2025; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €760,794
Fixed assets €87,360 ▲ 449%
Current assets €673,433 ▼ 4.4%
Equity and liabilities €760,794
Equity €626,202 ▼ 1.2%
Debt €134,592 ▲ 55.3%
Debt's share of the balance-sheet total rises from 12.0% to 17.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€183,966▲
2024 · €173,607
Cash flow
€130,521▲
2024 · €98,387
Current ratio
5.02▼
2024 · 8.16
Debt to equity
0.21▲
2024 · 0.14
ROE
19.6%▲
2024 · 14.2%
ROA
16.1%▲
2024 · 12.5%
Interest coverage
4.18▲
2024 · 3.48
Debt ≤ 1 year
€134,192▲
2024 · €86,269
Income taxes
€50,431▲
2024 · €37,120
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 20,082 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 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€720,279€760,794▲
Fixed assets21/28€15,911€87,360▲
Tangible fixed assets22/27€15,911€87,360▲
Plant, machinery and equipment23€672€5,074▲
Furniture and vehicles24€15,239€82,287▲
Current assets29/58€704,368€673,433▼
Amounts receivable within one year40/41€114,625€158,883▲
Other amounts receivable41€114,625€158,883▲
Current investments50/53€221,812€271,066▲
Cash at bank and in hand54/58€278,551€173,888▼
Deferred charges and accrued income490/1€89,380€69,596▼
Equity and liabilities
Total equity and liabilities10/49€720,279€760,794▲
Equity10/15€633,623€626,202▼
Contributions10/11€12,500€12,500=
Reserves13€597,395€589,395▼
Tax-exempt reserves132€2,221€2,221=
Distributable reserves133€595,174€587,174▼
Profit (loss) carried forward14€23,728€24,308▲
Amounts payable17/49€86,656€134,592▲
Amounts payable within one year42/48€86,269€134,192▲
Trade debts44€1,269€494▼
Suppliers440/4€1,269€494▼
Taxes, remuneration and social security45-€946
Taxes450/3-€946
Other amounts payable47/48€85,000€132,752▲
Accrued charges and deferred income492/3€387€400▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,299€7,942▼
Other operating charges640/8€1,687€1,514▼
Gross operating margin9900€175,294€185,480▲
Operating profit (loss)9901€165,308€176,023▲
Financial income75/76B€11,855€41,018▲
Recurring financial income75€11,855€24,518▲
Non-recurring financial income76B-€16,500
Financial charges65/66B€49,956€44,031▼
Recurring financial charges65€49,956€44,031▼
Profit (loss) for the period before taxes9903€127,207€173,010▲
Income taxes67/77€37,120€50,431▲
Profit (loss) for the period9904€90,087€122,579▲
Profit (loss) for the period to be appropriated9905€90,087€122,579▲
Appropriation of the result
Profit (loss) to be appropriated9906€112,728€146,308▲
Profit (loss) brought forward from the previous period14P€22,641€23,728▲
Transfer from equity791/2€85,000€130,000▲
Transfer to equity691/2€89,000€122,000▲
To other reserves6921€89,000€122,000▲
Profit to be distributed694/7€85,000€130,000▲
Return on contributions (dividend)694€85,000€130,000▲

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

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,983€17,536€18,147€8,299€7,942▼ 4.3%
Other operating charges640/8-€1,569€3,469€1,687€1,514▼ 10.3%
Gross operating margin9900€210,665€223,981€234,354€175,294€185,480▲ 5.8%
Operating profit (loss)9901€198,271€204,876€212,738€165,308€176,023▲ 6.5%
Financial income75/76B-€26,085€13,233€11,855€41,018▲ 246%
Recurring financial income75€25,466€26,085€13,233€11,855€24,518▲ 107%
Non-recurring financial income76B----€16,500-
Financial charges65/66B-€49,269€64,430€49,956€44,031▼ 11.9%
Recurring financial charges65€43,408€49,269€64,430€49,956€44,031▼ 11.9%
Profit (loss) for the period before taxes9903€180,330€181,692€161,541€127,207€173,010▲ 36.0%
Income taxes67/77€53,947€54,611€49,815€37,120€50,431▲ 35.9%
Profit (loss) for the period9904€126,382€127,080€111,726€90,087€122,579▲ 36.1%
Profit (loss) for the period to be appropriated9905€126,382€127,080€111,726€90,087€122,579▲ 36.1%
Line20212022202320242025Change
Assets
Total assets20/58€750,932€685,858€711,952€720,279€760,794▲ 5.6%
Fixed assets21/28€22,839€42,357€24,210€15,911€87,360▲ 449%
Tangible fixed assets22/27€22,839€42,357€24,210€15,911€87,360▲ 449%
Plant, machinery and equipment23-€1,731€1,191€672€5,074▲ 655%
Furniture and vehicles24-€40,626€23,019€15,239€82,287▲ 440%
Current assets29/58€728,093€643,501€687,742€704,368€673,433▼ 4.4%
Amounts receivable within one year40/41€151,850€191,350€153,062€114,625€158,883▲ 38.6%
Other amounts receivable41-€191,350€153,062€114,625€158,883▲ 38.6%
Current investments50/53€199,947€55,745€243,293€221,812€271,066▲ 22.2%
Cash at bank and in hand54/58€279,225€293,277€175,458€278,551€173,888▼ 37.6%
Deferred charges and accrued income490/1-€103,129€115,930€89,380€69,596▼ 22.1%
Equity and liabilities
Total equity and liabilities10/49€750,932€685,858€711,952€720,279€760,794▲ 5.6%
Equity10/15€549,730€596,810€628,536€633,623€626,202▼ 1.2%
Contributions10/11-€12,500€12,500€12,500€12,500=
Reserves13€516,695€561,695€593,395€597,395€589,395▼ 1.3%
Non-distributable reserves130/1-€14,474€14,474---
Reserves not available under the articles1311-€14,474€14,474---
Tax-exempt reserves132-€2,221€2,221€2,221€2,221=
Distributable reserves133-€545,000€576,700€595,174€587,174▼ 1.3%
Profit (loss) carried forward14€20,535€22,615€22,641€23,728€24,308▲ 2.4%
Amounts payable17/49€201,202€89,048€83,416€86,656€134,592▲ 55.3%
Amounts payable within one year42/48€200,854€88,701€82,927€86,269€134,192▲ 55.6%
Trade debts44€1,020€6,851€2,927€1,269€494▼ 61.0%
Suppliers440/4-€6,851€2,927€1,269€494▼ 61.0%
Taxes, remuneration and social security45-€1,850--€946-
Taxes450/3-€1,850--€946-
Other amounts payable47/48-€80,000€80,000€85,000€132,752▲ 56.2%
Accrued charges and deferred income492/3-€348€490€387€400▲ 3.2%
Line20212022202320242025Change
Profit (loss) for the period9904€126,382€127,080€111,726€90,087€122,579▲ 36.1%
+ Depreciation and write-downs630€10,983€17,536€18,147€8,299€7,942▼ 4.3%
Operating cash flow (approximation)€137,365€144,616€129,872€98,387€130,521▲ 32.7%
Investment in fixed assets (approximation)--€37,054€0€0-€79,392-
Change in cash-€14,053-€117,820€103,094-€104,664▼ 202%

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

Next filing, fiscal year 2026, expected by 31-01-2027
2025
09-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
28-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
20-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial Liquidity doublescurrent ratio 7.25
Current ratio from 3.62 to 7.25; short-term debt falls from €200,854 to €88,701.
2021
13-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
05-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial Highest result since 2019net €140,288 ▲62.2%
Operating result €251,534, net result €140,288, both a record.
07-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
14-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
05-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
7 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, Liège
exact location from the address register On OpenStreetMap
Ground area
460 m²
Building footprint
148 m²
Volume, LiDAR
1,457 m³
Parcel 62078A0431/00S015, Wallonia · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62078A0431/00S015 Wallonia 460 m² 1 · 148 m² 13.7 m · 3 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.

Recognitions · licences · registrations

Legal Entity Identifier

549300TKXBC1LH980F25
live in the LEI register

Identification & contact

Identification
Legal formPrivate limited company
Founded14-12-2005
Fiscal year end30-06
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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