Frank Baert
ActiveSummary
The computed 12-month bankruptcy probability of Frank Baert is 2.6% (moderate). The 2024 annual accounts show equity of €22k and a net result of €19k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 36% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+9
Solvency59▼-41
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 4.89 in 2023; short-term debt: 66.2% and cash: 40% of total assets), and 66.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
33.8%
Return on assets
29.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
37 d early
2022
25 d early
2021
17 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€22k▼ 69.8%
2023 · €73k
2021: €33k
2022: €57k
2023: €73k
2021 → 2024
Total assets
€65k▼ 25.9%
2023 · €87k
2021: €54k
2022: €81k
2023: €87k
2021 → 2024
Net result
€19k▲ 24.3%
2023 · €16k
2021: €31k
2022: €24k
2023: €16k
2021 → 2024
Working capital
€7k▼ 87.4%
2023 · €58k
2021: €32k
2022: €43k
2023: €58k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€33k-€57k▲ 70.9%€73k▲ 27.4%€22k▼ 69.8%
Operating result€39k-€32k▼ 18.3%€22k▼ 32.8%€28k▲ 29.3%
Net result€31k-€24k▼ 23.4%€16k▼ 34.0%€19k▲ 24.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 29% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €65k
Fixed assets
€15k ▼ 1.1%
Current assets
€50k ▼ 30.9%
Equity and liabilities €65k
Equity
€22k ▼ 69.8%
Debt
€43k ▲ 188%
Debt's share of the balance-sheet total rises from 17.0% to 66.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32k▲
2023 · €24k
Cash flow
€24k▲
2023 · €18k
Current ratio
1.17▼
2023 · 4.89
Debt to equity
1.96▲
2023 · 0.21
ROE
88.4%▲
2023 · 21.5%
ROA
29.9%▲
2023 · 17.8%
Interest coverage
10.53▼
2023 · 11.61
Debt ≤ 1 year
€43k▲
2023 · €15k
Income taxes
€6k▲
2023 · €5k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€87k€65k▼
Fixed assets21/28€15k€15k▼
Tangible fixed assets22/27€15k€15k▼
Furniture and vehicles24€15k€15k▼
Current assets29/58€73k€50k▼
Amounts receivable within one year40/41€41k€20k▼
Trade receivables40€23k€16k▼
Other amounts receivable41€18k€4k▼
Cash at bank and in hand54/58€29k€26k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€87k€65k▼
Equity10/15€73k€22k▼
Contributions10/11€3k€3k=
Reserves13€70k€19k▼
Distributable reserves133€70k€19k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€15k€43k▲
Amounts payable within one year42/48€15k€43k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€12k€9k▼
Taxes450/3€12k€9k▼
Other amounts payable47/48-€30k
Accrued charges and deferred income492/3€46€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€2k€9k▲
Gross operating margin9900€26k€41k▲
Operating profit (loss)9901€22k€28k▲
Financial income75/76B€780€633▼
Recurring financial income75€780€633▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€20k€26k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€16k€19k▲
Profit (loss) for the period to be appropriated9905€16k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€19k▲
Transfer from equity791/2-€70k
Transfer to equity691/2€16k€19k▲
To other reserves6921€16k€19k▲
Profit to be distributed694/7-€70k
Return on contributions (dividend)694-€70k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €16k ▼34%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Gent · 1 establishment unit since 2021
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.
Bernmaaieplein 49000 GentGround area
602 m²
Building footprint
352 m²
Volume, LiDAR
33 m³
Parcel 44812M0194/00W005, Flanders · tallest building 10.1 m. Linked by address, not a title deed.
1 establishment unit
Frank Baert
since 20212.313.513.643
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44812M0194/00W005 | Flanders | 602 m² | 1 · 352 m² | 10.1 m |
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 9,530 companies in sector 43222 we hold annual accounts for 5,662. 3,653 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
Founded15-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:frankb_1@icloud.com