EL BAYO
ActiveSummary
EL BAYO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 4621 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+25
Solvency36▲+7
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.58 in 2024; short-term debt: 23.7% and cash: 0.3% of total assets), and 88.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
11.2%
Return on assets
6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
19 d late
2023
49 d late
2022
26 d late
2021
26 d late
2020
37 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▲ 118%
2024 · €10k
2018: €26k
2019: €37k
2020: €74k
2021: €78k
2022: €75k
2023: €44k
2024: €10k
2018 → 2025
Total assets
€189k▼ 19.1%
2024 · €234k
2018: €256k
2019: €437k
2020: €489k
2021: €462k
2022: €416k
2023: €333k
2024: €234k
2018 → 2025
Net result
€11k
2024 · €-34k
2018: €3k
2019: €12k
2020: €36k
2021: €4k
2022: €-3k
2023: €-31k
2024: €-34k
2018 → 2025
Working capital
€-29k▼ 13.6%
2024 · €-26k
2018: €-27k
2019: €-47k
2020: €-21k
2021: €-16k
2022: €-23k
2023: €-25k
2024: €-26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€75k▼ 4.2%€44k▼ 41.9%€10k▼ 77.7%€21k▲ 118%
Operating result€8k-€14▼ 99.8%€-25k€-31k▼ 23.9%€13k
Net result€4k-€-3k€-31k▼ 863%€-34k▼ 7.7%€11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €31k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189k
Fixed assets
€173k ▼ 12.7%
Current assets
€16k ▼ 55.2%
Equity and liabilities €189k
Equity
€21k ▲ 118%
Debt
€168k ▼ 25.1%
Debt's share of the balance-sheet total falls from 95.9% to 88.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▲
2024 · €23k
Cash flow
€37k▲
2024 · €20k
Current ratio
0.35▼
2024 · 0.58
Debt to equity
7.95▼
2024 · 23.13
ROE
54.1%▲
2024 · -349.4%
ROA
6.0%▲
2024 · -14.5%
Interest coverage
29.01▲
2024 · 9.61
Debt ≤ 1 year
€45k▼
2024 · €61k
Debt > 1 year
€123k▼
2024 · €163k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€234k€189k▼
Fixed assets21/28€198k€173k▼
Tangible fixed assets22/27€198k€173k▼
Land and buildings22€1k€0▼
Plant, machinery and equipment23€74k€61k▼
Furniture and vehicles24€7k€5k▼
Other tangible fixed assets26€116k€107k▼
Current assets29/58€35k€16k▼
Amounts receivable within one year40/41€35k€15k▼
Trade receivables40-€15k
Other amounts receivable41€35k-
Cash at bank and in hand54/58€464€476▲
Equity and liabilities
Total equity and liabilities10/49€234k€189k▼
Equity10/15€10k€21k▲
Contributions10/11€20k€20k=
Reserves13€3k€3k=
Tax-exempt reserves132€787€787=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-13k€-2k▲
Amounts payable17/49€224k€168k▼
Amounts payable after more than one year17€163k€123k▼
Financial debts170/4€163k€123k▼
Amounts payable within one year42/48€61k€45k▼
Current portion of amounts payable after more than one year42€21k€20k▼
Financial debts43€10k-
Credit institutions430/8€10k-
Trade debts44€4k€692▼
Suppliers440/4€4k€692▼
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€25k€22k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€25k▼
Other operating charges640/8€162€120▼
Gross operating margin9900€23k€38k▲
Operating profit (loss)9901€-31k€13k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-34k€11k▲
Profit (loss) for the period9904€-34k€11k▲
Profit (loss) for the period to be appropriated9905€-34k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-2k▲
Profit (loss) brought forward from the previous period14P€21k€-13k▼
The notes to these accounts (6 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 37 days late
2020
31-12
Financial
Highest result since 2018net €36k ▲208%
Operating result €41k, net result €36k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Ravels · 1 establishment unit since 2009
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.
Koning Albertstraat 1462381 RavelsGround area
1,700 m²
Building footprint
528 m²
Volume, LiDAR
2,470 m³
Parcel 13048A0454/00T004, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
El Bayo
since 20092.183.604.117
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048A0454/00T004 | Flanders | 1,699 m² | 1 · 528 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,710 companies in sector 96230 we hold annual accounts for 628. 463 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.