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Docteur E. BAUDUIN

Active
Private limited companyfounded 2005active for 20 yearsAvenue des Ormes 40, 4000 Liège, BelgiumKBO/BCE: BE 0877.904.339
Summary

Docteur E. BAUDUIN has been active since 2005 and the Belgian Official 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 financial years (±2.2% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

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

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result recovers in 2025; 2025 is 6% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€176,023 2025 Net result€122,579 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€198,969-€251,534▲ 26.4%€198,271▼ 21.2%€204,876▲ 3.3%€212,738▲ 3.8%€165,308▼ 22.3%€176,023▲ 6.5%
Net result€86,464-€140,288▲ 62.2%€126,382▼ 9.9%€127,080▲ 0.6%€111,726▼ 12.1%€90,087▼ 19.4%€122,579▲ 36.1%
Equity€550,059-€608,347▲ 10.6%€549,730▼ 9.6%€596,810▲ 8.6%€628,536▲ 5.3%€633,623▲ 0.8%€626,202▼ 1.2%
Total assets€570,144-€724,351▲ 27.0%€750,932▲ 3.7%€685,858▼ 8.7%€711,952▲ 3.8%€720,279▲ 1.2%€760,794▲ 5.6%
Debt€20,086-€116,004▲ 478%€201,202▲ 73.4%€89,048▼ 55.7%€83,416▼ 6.3%€86,656▲ 3.9%€134,592▲ 55.3%
Working capital€530,635-€583,209▲ 9.9%€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 format does not require them.
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 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% 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
95.0% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,139 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.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,880€8,654€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€213,151€261,594€210,665€223,981€234,354€175,294€185,480▲ 5.8%
Operating profit (loss)9901€198,969€251,534€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€14,426€14,527€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€106,792€59,982€43,408€49,269€64,430€49,956€44,031▼ 11.9%
Profit (loss) for the period before taxes9903€122,353€206,078€180,330€181,692€161,541€127,207€173,010▲ 36.0%
Income taxes67/77€35,888€65,790€53,947€54,611€49,815€37,120€50,431▲ 35.9%
Profit (loss) for the period9904€86,464€140,288€126,382€127,080€111,726€90,087€122,579▲ 36.1%
Profit (loss) for the period to be appropriated9905€86,464€140,288€126,382€127,080€111,726€90,087€122,579▲ 36.1%
Line2019202020212022202320242025Change
Assets
Total assets20/58€570,144€724,351€750,932€685,858€711,952€720,279€760,794▲ 5.6%
Fixed assets21/28€31,019€29,574€22,839€42,357€24,210€15,911€87,360▲ 449%
Tangible fixed assets22/27€31,019€29,574€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€539,125€694,778€728,093€643,501€687,742€704,368€673,433▼ 4.4%
Amounts receivable within one year40/41€155,498€168,899€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€39,733€59,885€199,947€55,745€243,293€221,812€271,066▲ 22.2%
Cash at bank and in hand54/58€287,365€394,530€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€570,144€724,351€750,932€685,858€711,952€720,279€760,794▲ 5.6%
Equity10/15€550,059€608,347€549,730€596,810€628,536€633,623€626,202▼ 1.2%
Contributions10/11€12,500--€12,500€12,500€12,500€12,500=
Reserves13€528,695€576,695€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€8,864€19,153€20,535€22,615€22,641€23,728€24,308▲ 2.4%
Amounts payable17/49€20,086€116,004€201,202€89,048€83,416€86,656€134,592▲ 55.3%
Amounts payable after more than one year17€11,595€4,088------
Amounts payable within one year42/48€8,490€111,569€200,854€88,701€82,927€86,269€134,192▲ 55.6%
Trade debts44€231€388€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%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€86,464€140,288€126,382€127,080€111,726€90,087€122,579▲ 36.1%
+ Depreciation and write-downs630€8,880€8,654€10,983€17,536€18,147€8,299€7,942▼ 4.3%
Operating cash flow (approximation)€95,344€148,942€137,365€144,616€129,872€98,387€130,521▲ 32.7%
Investment in fixed assets (approximation)--€7,208-€4,248-€37,054€0€0-€79,392-
Change in cash-€107,165-€115,305€14,053-€117,820€103,094-€104,664-

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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Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference
30-06-2025 micro format 09-12-2025 2025-00578092
30-06-2024 micro format 28-02-2025 2025-00040951
30-06-2023 micro format 20-01-2024 2024-00004032
30-06-2022 micro format 27-01-2023 2023-00006170
30-06-2021 micro format 13-12-2021 2021-79800389
30-06-2020 micro format 05-01-2021 2021-00100481
30-06-2019 micro format 07-01-2020 2020-00300041
30-06-2018 micro format 14-12-2018 2018-74200317
30-06-2017 micro format 05-01-2018 2018-00200482
30-06-2016 full format 22-12-2016 2016-70800601

Show all 20 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.