Financials
- Fiscal year
- 2025
- Total assets
- €533,611
- Profit
- €9,195
- Solvency
- 23.8%
Total assets▲ 118%
Net result
20212025
ETS. BAYARD
ActiveSummary
ETS. BAYARD has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126,849 and a net result of €9,195. Equity is growing by ~54.9% per year across the filed fiscal years. Its solvency ranks better than 25% of 30651 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
What they do
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
How big
€533,611total assets 2025
- Equity
- €126,849
- Profit
- €9,195
Turnover not published (abridged schema)
Who decides
Accounts filed 18 d late0 of 3 deeds read
Why 65- Latest accounts 18 days late; 1 of the last 3 late- Founded in 2021- Sector Specialised construction activities (NACE 43)+ Size: total assets €533,611Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 43% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
49-24
equity 23.8% of total assets
Liquidity
60+21
short-term debt 17.0% · cash 11.5%
Profitability
71-19
return on assets 1.7%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
- Latest accounts 18 days late; 1 of the last 3 late raises the probability
- Founded in 2021 raises the probability for this profile
- Size: total assets €533,611 lowers the probability for this profile
- Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 2.39 in 2024; short-term debt: 17% and cash: 11.5% of total assets), but 76.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 25%, liquidity 58%, profitability 40%, growth against the median 51%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 5 filingsDeviation from the deadline
2025
18 d late
2024
41 d late
2023
9 d early
2022
25 d late
2021
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 26 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 25 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet €9,195 ▼77.9%
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 8
- Since
- 2022
- Next accounts
- by 31-07-2027
- 18-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 10-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 28-01-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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