Docteur E. BAUDUIN
ActiveSummary
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 has been stable since 2019 (±2.2% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-12-2005 Normal situation
- Activity
- “La société a pour objet l'exercice de la médecine par le ou les associés…” (deed in French)From the articles, 7 activitiesNo NACE code in the KBO yet
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Roseline VAN DER MAESENDirector
- BAUDUIN Emmanuel Philippe HenriDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €185,480
- ▲ 5.8%
- Turnover
- ≈ €460,000
- estimated
- Profit
- €122,579
- ▲ 36.1%
- Equity
- €626,202
- ▼ 1.2%
- Total assets
- €760,794
- ▲ 5.6%
Score breakdownraises riskNo registered site in the KBOlowers riskSize: total assets €760,794Equity €626,202 (82.3% of total assets)Liquidity: current ratio 5.02, cash €173,888Show 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 (no NACE code, micro). It does better than 81% of them on solvency, 69% on liquidity, 55% on profitability and 40% on growth.
The bankruptcy probability was computed on 02-11-2026 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. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-12-2025 PDF all 20 filings
Every figure per financial year
The operating result for 2025 is 6% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €37,054 | - | - | €79,392 |
| Depreciation and write-downs of the year | €17,536 | €18,147 | €8,299 | €7,942 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| 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 | - |
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, 20,136 companies had the same profile as Docteur E. BAUDUIN has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Docteur E. BAUDUIN 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 20,136 companies, not a prediction for Docteur E. BAUDUIN. 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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 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 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 24-11-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Roseline VAN DER MAESEN |
|
| BAUDUIN Emmanuel Philippe Henri |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Portée aux frais généraux indépendamment frais représentation voyages déplacements, assemblée générale décide gratuité ou non”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “100, Article 5”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs proportionnellement nombre actions acquises,même en cas refus agrément héritier/légataire, tous cas cessions…”
Articles of association, deed of 24-11-2023 (in French)
Network & group
Docteur E. BAUDUIN shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of Docteur E. BAUDUIN. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-11
Gazette deed
Reappointments: BAUDUIN Emmanuel Philippe Henri (director) and Van der Maesen Roseline Marion Suzanne Juliette Ghislaine (director)Amendment of the articles · Capital conversion · Reserve release10 points ▸
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Director reappointment, BAUDUIN Emmanuel Philippe Henri (director (not named in the articles))
- Director reappointment, Van der Maesen Roseline Marion Suzanne Juliette Ghislaine (director (not named in the articles))
- Registered office clause, “4000 Liège,avenue des Ormes,40” (deed in French)
- Other provision, “site internet et adresse électronique” (deed in French)
- Power of attorney
- Director discharge, BAUDUIN Emmanuel Philippe Henri
- Director discharge, Van der Maesen Roseline Marion Suzanne Juliette Ghislaine
08-11
Gazette deed
Appointment: Roseline VAN DER MAESEN (director)3 points ▸
- Director appointment, Roseline VAN DER MAESEN (director)
- Other provision, “administrateur, acceptation et conformité du mandat” (deed in French)
- General meeting, 04-01-2021
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
7 activities
- La société a pour objet l'exercice de la médecine par le ou les associés qui la composent, lesquels sont exclusivement des médecins inscrits au tableau de l'ordre des médecins ou des sociétés de médecins à personnalité juridique dont les statuts ont été approuvés par le Conseil de l'Ordre des Médecins.
- La médecine est exercée au nom et pour le compte de la société.
- En cas de pluralité d'associés, ceux-ci mettent en commun au sein de la société la partie de leur activité médicale relative à leur spécialité.
- Les honoraires sont perçus par et pour la société.
- L'objet social ne pourra être poursuivi que dans le respect des prescriptions d'ordre déontologique, notamment celles relatives au libre choix du médecin par le patient, à l'indépendance diagnostique et thérapeutique du médecin, au respect du secret médical, à la dignité et à l'indépendance professionnelle du praticien.
- Dans le cadre de cet objet, la société peut accomplir toute opération civile, mobilière ou immobilière.
- La société s'interdit toute exploitation commerciale de la médecine, toute forme de collusion directe ou indirecte, de dichotomie ou de surconsommation.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62078A0431/00S015 | Wallonia | 460 m² | 1 · 148 m² | 13.7 m · 3 |