E. BAILLIEN
ActiveE. BAILLIEN has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.74M and a net result of €-510k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 2029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-50
Solvency100=
Growth46▼-18
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.05M at 30 days acceptable
Liquidity ample (current ratio 4.28 against 5.2 in 2024; short-term debt: 11.4% and cash: 4.7% of total assets), and 16.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.7%
Return on assets
-2.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-07-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
35 d early
2023
35 d early
2022
4 d early
2021
10 d early
2020
30 d early
2019
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€12.71M▼ 8.1%
2024 · €13.83M
2018: €12.82M
2019: €14.29M
2020: €9.37M
2021: €10.72M
2022: €12.58M
2023: €11.57M
2024: €13.83M
2018 → 2025
EBIT margin
-7.0%▼ 8.9pp
2024 · 2.0%
2018: 9.5%
2019: 17.4%
2020: -10.5%
2021: 8.9%
2022: 5.0%
2023: -1.4%
2024: 2.0%
2018 → 2025
Net result
€-510k
2024 · €912k
2018: €805k
2019: €1.75M
2020: €-787k
2021: €1.10M
2022: €173k
2023: €16k
2024: €912k
2018 → 2025
Working capital
€7.52M▼ 0.5%
2024 · €7.55M
2018: €5.69M
2019: €7.34M
2020: €7.61M
2021: €8.94M
2022: €8.06M
2023: €6.76M
2024: €7.55M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€10.72M-€12.58M▲ 17.3%€11.57M▼ 8.0%€13.83M▲ 19.5%€12.71M▼ 8.1%
Equity€16.15M-€16.32M▲ 1.1%€16.34M▲ 0.1%€17.25M▲ 5.6%€16.74M▼ 3.0%
Operating result€958k-€628k▼ 34.4%€-164k€273k€-886k
Net result€1.10M-€173k▼ 84.3%€16k▼ 90.6%€912k▲ 5,519%€-510k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €886k after €273k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.01M
Fixed assets
€10.21M▼ 5.3%
Current assets
€9.81M▲ 4.9%
Equity and liabilities €20.01M
Equity
€16.74M▼ 3.0%
Debt
€3.27M▲ 13.9%
The debt ratio rises from 14.3% to 16.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-410k▼
2024 · €705k
Cash flow
€-34k▼
2024 · €1.34M
Solvency
83.7%▼
2024 · 85.7%
Current ratio
4.28▼
2024 · 5.20
Quick ratio
4.09▼
2024 · 4.97
Debt / equity
0.20▲
2024 · 0.17
ROE
-3.0%▼
2024 · 5.3%
ROA
-2.6%▼
2024 · 4.5%
Interest coverage
-5.59▼
2024 · 8.29
Debt
€3.27M▲
2024 · €2.87M
Debt ≤ 1 year
€2.29M▲
2024 · €1.80M
Debt > 1 year
€939k▼
2024 · €1.02M
Income taxes
€-13k▲
2024 · €-107k
Staff costs
€3.95M▲
2024 · €3.64M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€20.12M€20.01M▼
Fixed assets21/28€10.77M€10.21M▼
Tangible fixed assets22/27€3.90M€4.09M▲
Land and buildings22€3.02M€3.29M▲
Plant, machinery and equipment23€174k€163k▼
Furniture and vehicles24€709k€644k▼
Financial fixed assets28€6.88M€6.11M▼
Affiliated companies280/1€6.87M€6.11M▼
Amounts receivable281€6.87M€6.11M▼
Other financial fixed assets284/8€2k€2k=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€9.35M€9.81M▲
Stocks and contracts in progress3€416k€442k▲
Stocks30/36€416k€442k▲
Goods purchased for resale34€416k€442k▲
Amounts receivable within one year40/41€3.54M€4.03M▲
Trade receivables40€2.66M€3.39M▲
Other amounts receivable41€875k€640k▼
Current investments50/53€2.93M€3.91M▲
Other investments51/53€2.93M€3.91M▲
Cash at bank and in hand54/58€1.99M€937k▼
Deferred charges and accrued income490/1€478k€481k▲
Equity and liabilities
Total equity and liabilities10/49€20.12M€20.01M▼
Equity10/15€17.25M€16.74M▼
Contributions10/11€1.78M€1.78M=
Reserves13€15.47M€14.96M▼
Tax-exempt reserves132€11.38M€11.38M=
Distributable reserves133€4.09M€3.58M▼
Amounts payable17/49€2.87M€3.27M▲
Amounts payable after more than one year17€1.02M€939k▼
Financial debts170/4€324k€239k▼
Credit institutions173€324k€239k▼
Other amounts payable178/9€700k€700k=
Amounts payable within one year42/48€1.80M€2.29M▲
Current portion of amounts payable after more than one year42€683k€985k▲
Financial debts43€84k€84k▼
Credit institutions430/8€84k€84k▼
Trade debts44€571k€753k▲
Suppliers440/4€571k€753k▲
Taxes, remuneration and social security45€428k€436k▲
Taxes450/3€56k€59k▲
Remuneration and social security454/9€373k€376k▲
Other amounts payable47/48€30k€31k▲
Accrued charges and deferred income492/3€50k€42k▼
Income statement
Code20242025
Operating income70/76A€14.43M€12.98M▼
Turnover70€13.83M€12.71M▼
Other operating income74€530k€253k▼
Non-recurring operating income76A€67k€19k▼
Operating charges60/66A€14.16M€13.87M▼
Goods for resale, raw materials and consumables60€8.38M€7.79M▼
Purchases600/8€8.30M€7.81M▼
Change in stocks: decrease (increase)609€74k€-26k▼
Services and other goods61€1.49M€1.58M▲
Remuneration, social security and pensions62€3.64M€3.95M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€432k€476k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€173k€21k▼
Other operating charges640/8€51k€55k▲
Operating profit (loss)9901€273k€-886k▼
Financial income75/76B€554k€501k▼
Recurring financial income75€554k€501k▼
Income from financial fixed assets750€21k€54k▲
Income from current assets751€120k€346k▲
Other financial income752/9€412k€101k▼
Financial charges65/66B€23k€138k▲
Recurring financial charges65€23k€138k▲
Debt charges650€85k€73k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-90k€47k▲
Other financial charges652/9€28k€18k▼
Profit (loss) for the period before taxes9903€804k€-523k▼
Income taxes67/77€-107k€-13k▲
Taxes670/3€143k€3k▼
Tax adjustments and reversals of tax provisions77€250k€16k▼
Profit (loss) for the period9904€912k€-510k▼
Profit (loss) for the period to be appropriated9905€912k€-510k▼
Appropriation of the result
Profit (loss) to be appropriated9906€912k€-510k▼
Transfer from equity791/2-€510k
From reserves792-€510k
Transfer to equity691/2€912k-
To other reserves6921€912k-
Social balance
Average headcount (FTE)908769.067.2▼
The notes to these accounts (68 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €1.10M
Net result €1.10M after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-787k ▼145%
Net result drops to €-787k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €1.75M ▲118%
Operating result €2.48M, net result €1.75M, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Maasmechelen · 2 establishment units since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industrielaan(M) 813630 MaasmechelenGround area
7,603 m²
Building footprint
3,165 m²
Volume, LiDAR
21,619 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
E. BAILLIEN
since 19882.039.226.248
E. BAILLIEN
since 20082.170.915.725
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048B0548/00D000 | Flanders | 6,059 m² | 1 · 2,643 m² | 7.6 m · 2 fl. |
| 73060A0076/00C003 | Flanders | 1,545 m² | 1 · 522 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 12 entries · 43,086 EUR awarded · 30,215 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 1,630 EUR | 2,169 EUR |
| 2024 | 3 | 24,243 EUR | 10,370 EUR |
| 2023 | 2 | 9,925 EUR | 10,388 EUR |
| 2022 | 3 | 7,288 EUR | 7,288 EUR |
Schemes
Ecologiepremie+
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
13 categoriesE. BAILLIEN BV18061
Dual-learning approval
6 live approvals · 12 endedDecoratie en schilderwerken duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Fijnschilder (vwo)
Fijnschilder duaal (so)
Schilder-decorateur (vwo)
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DE WAAL
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Of 7,866 companies in sector 43341 we hold annual accounts for 2,664. 35 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-05-1988
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
45441
47530Retail trade
52442
43331Floor and wall tiling
43333Wallpapering and laying of floor and wall coverings in other materials
45433
47552Retail sale of lighting equipment
47592Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.