EMMANUEL BAERT PROJECTS
ActiveEMMANUEL BAERT PROJECTS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 53% of 13908 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
79
/ 100
Excellent▼ -12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▼-81
Solvency75▲+8
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 2.28 in 2024), but 66.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
33.5%
Return on assets
1.2%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €36k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
28 d late
2023
29 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
70 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▲ 3.9%
2024 · €34k
2018: €129k
2019: €129k
2020: €103k
2021: €19k
2022: €17k
2023: €25k
2024: €34k
2018 → 2025
Total assets
€107k▼ 10.7%
2024 · €119k
2018: €172k
2019: €211k
2020: €179k
2021: €106k
2022: €117k
2023: €100k
2024: €119k
2018 → 2025
Net result
€1k▼ 85.9%
2024 · €9k
2018: €7k
2019: €20k
2020: €-25k
2021: €-84k
2022: €-2k
2023: €8k
2024: €9k
2018 → 2025
Working capital
€58k▼ 5.0%
2024 · €61k
2018: €136k
2019: €128k
2020: €110k
2021: €31k
2022: €22k
2023: €38k
2024: €61k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€17k▼ 10.1%€25k▲ 48.6%€34k▲ 38.1%€36k▲ 3.9%
Operating result€-82k-€265€10k▲ 3,770%€11k▲ 12.1%€4k▼ 69.4%
Net result€-84k-€-2k▲ 97.8%€8k€9k▲ 16.5%€1k▼ 85.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€7k▼ 39.1%
Current assets
€100k▼ 7.8%
Equity and liabilities €107k
Equity
€36k▲ 3.9%
Debt
€71k▼ 16.6%
The debt ratio falls from 71.2% to 66.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€8k▼
2024 · €18k
Cash flow
€6k▼
2024 · €16k
Solvency
33.5%▲
2024 · 28.8%
Current ratio
2.37▲
2024 · 2.28
Quick ratio
2.37▲
2024 · 2.28
Debt / equity
1.99▼
2024 · 2.48
ROE
3.7%▼
2024 · 27.6%
ROA
1.2%▼
2024 · 7.9%
Interest coverage
4.97▼
2024 · 12.69
Debt
€71k▼
2024 · €85k
Debt ≤ 1 year
€42k▼
2024 · €48k
Debt > 1 year
€28k▼
2024 · €37k
Income taxes
€604▲
2024 · €590
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€119k€107k▼
Fixed assets21/28€11k€7k▼
Tangible fixed assets22/27€11k€7k▼
Land and buildings22€5k€3k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€994€209▼
Financial fixed assets28€19€19=
Current assets29/58€108k€100k▼
Amounts receivable within one year40/41€48k€50k▲
Trade receivables40€48k€49k▲
Other amounts receivable41€819€424▼
Cash at bank and in hand54/58€13k€2k▼
Deferred charges and accrued income490/1€47k€48k▲
Equity and liabilities
Total equity and liabilities10/49€119k€107k▼
Equity10/15€34k€36k▲
Contributions10/11€19k€19k=
Reserves13€84k€84k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€39k€39k=
Distributable reserves133€43k€43k=
Profit (loss) carried forward14€-68k€-67k▲
Amounts payable17/49€85k€71k▼
Amounts payable after more than one year17€37k€28k▼
Financial debts170/4€37k€28k▼
Amounts payable within one year42/48€48k€42k▼
Current portion of amounts payable after more than one year42€8k€9k▲
Trade debts44€23k€4k▼
Suppliers440/4€23k€4k▼
Taxes, remuneration and social security45€9k€8k▼
Taxes450/3€9k€8k▼
Remuneration and social security454/9€195€0▼
Other amounts payable47/48€8k€22k▲
Accrued charges and deferred income492/3€212€980▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€21k€11k▼
Operating profit (loss)9901€11k€4k▼
Financial income75/76B€16€3▼
Recurring financial income75€16€3▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€10k€2k▼
Income taxes67/77€590€604▲
Profit (loss) for the period9904€9k€1k▼
Profit (loss) for the period to be appropriated9905€9k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-68k€-67k▲
Profit (loss) brought forward from the previous period14P€-78k€-68k▲
The notes to these accounts (13 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after 3 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-84k
Net result drops to €-84k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Highest result since 2018net €20k ▲184%
Operating result €33k, net result €20k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2003
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.
Vaderlandstraat 479000 GentGround area
580 m²
Building footprint
150 m²
Volume, LiDAR
1,026 m³
Parcel 44808H0114/00H003, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EBA PROJECTS
since 20032.133.072.758
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0114/00H003 | Flanders | 580 m² | 1 · 150 m² | 9.0 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
KEYSIDE
BE 1014.921.292
Overijse · Eq €36k
VERSTRAETE BOUWONDERNEMING
BE 0630.959.561
Sint-Pieters-Woluwe · Eq €36k
LSLiving
BE 0747.707.573
Duffel · Eq €36k
BC Building Cons
BE 0779.532.976
Roeselare · Eq €36k
VD-VASTGOED
BE 0753.402.562
Hélécine · Eq €36k
Of 9,633 companies in sector 68121 we hold annual accounts for 7,327. 4,644 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-2003
Fiscal year end31-12
Abbreviation NL
EBA PROJECTS
Activities, NACEBEL
68121Development of residential building projects
70111
71112Activities of interior architects
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.