Henry Bath
ActiveThe file of Henry Bath contains 2 historical bankruptcy publications and 1 administrative flag, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 5.9% (elevated). The 2025 annual accounts show equity of €445,660 and a net result of -€120,445. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 95% of 882 sector peers (NACE 52, fiscal year 2025).
Financials · fiscal year 2025, abbreviated schema
Equity
€445,660▼ 21.3%
2024 · €566,105
Total assets
€450,503▼ 35.8%
2024 · €701,405
Net result
-€120,445▼ 30.8%
2024 · -€92,080
Working capital
€210,760▲ 12.4%
2024 · €187,539
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result stays negative: a loss of €33,964 in 2025 against €305,635 in 2024; the loss shrinks.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result-€0.03m
2025
Net result-€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.5m
2025
Equity€0.4m
2025
Debt€0.005m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-26.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency98.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio44.52
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€1.0m--€0.4m▲ 58.4%€0.4m€0.5m▲ 8.5%-€0.03m-€0.2m▼ 669%-€0.3m▼ 23.6%-€0.03m▲ 88.9%
Net result-€1.0m--€0.5m▲ 52.7%€0.4mabove the sector's middle half€0.5mabove the sector's middle half▲ 27.9%-€0.02mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 1,371%-€0.09mbelow the sector's middle half▲ 69.7%-€0.1mbelow the sector's middle half▼ 30.8%
Equity€0.6m-€0.1m▼ 78.3%€0.5mwithin the sector's middle half▲ 273%€1.0mwithin the sector's middle half▲ 93.6%€1.0mwithin the sector's middle half▼ 2.1%€0.7mwithin the sector's middle half▼ 31.6%€0.6mwithin the sector's middle half▼ 14.0%€0.4mwithin the sector's middle half▼ 21.3%
Total assets€3.1m-€3.6m▲ 15.1%€3.0mabove the sector's middle half▼ 18.2%€3.4mabove the sector's middle half▲ 13.5%€2.4mwithin the sector's middle half▼ 29.1%€1.4mwithin the sector's middle half▼ 42.6%€0.7mwithin the sector's middle half▼ 48.7%€0.5mwithin the sector's middle half▼ 35.8%
Debt€2.5m-€3.5m▲ 38.4%€2.5m▼ 29.5%€2.4m▼ 3.1%€1.4m▼ 40.2%€0.7m▼ 50.1%€0.1m▼ 80.9%€0.005m▼ 96.4%
Working capital-€0.8m--€1.0m▼ 22.2%-€0.5mbelow the sector's middle half▲ 49.0%€0.07mwithin the sector's middle half€0.07mwithin the sector's middle half▼ 6.8%-€0.4mbelow the sector's middle half€0.2mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 12.4%
Solvency20.0%-3.8%▼ 16.2pp17.2%within the sector's middle half▲ 13.4pp29.2%within the sector's middle half▲ 12.1pp40.4%within the sector's middle half▲ 11.1pp48.2%within the sector's middle half▲ 7.8pp80.7%above the sector's middle half▲ 32.6pp98.9%above the sector's middle half▲ 18.2pp
Current ratio0.63-0.64▲ 0.010.73below the sector's middle half▲ 0.101.04within the sector's middle half▲ 0.301.06within the sector's middle half▲ 0.020.37below the sector's middle half▼ 0.692.48within the sector's middle half▲ 2.1144.52above the sector's middle half▲ 42.04
Return on assets (ROA)-33.0%--13.6%▲ 19.4pp12.5%above the sector's middle half▲ 26.1pp14.1%above the sector's middle half▲ 1.6pp-0.9%below the sector's middle half▼ 15.0pp-22.2%below the sector's middle half▼ 21.3pp-13.1%below the sector's middle half▲ 9.1pp-26.7%below the sector's middle half▼ 13.6pp
Staff (FTE)4within the sector's middle half4.1within the sector's middle half▲ 2.5%2.3below the sector's middle half▼ 43.9%2within the sector's middle half▼ 13.0%0.4below the sector's middle half▼ 80.0%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €450,503
Fixed assets
€234,900 ▼ 39.3%
Current assets
€215,603 ▼ 31.4%
Equity and liabilities €450,503
Equity
€445,660 ▼ 21.3%
Debt
€4,843 ▼ 96.4%
Debt's share of the balance-sheet total falls from 19.3% to 1.1%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.01▼
2024 · 0.24
ROE
-27.0%▼
2024 · -16.3%
Debt ≤ 1 year
€4,843▼
2024 · €126,639
Income taxes
€0▼
2024 · €17
Staff costs
€0▼
2024 · €90,419
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | €0.02m | €0 | €0.04m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €0.2m | €0.2m | - | €0.3m | €0.2m | €0.2m | €0.09m | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | -€0.005m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €0.006m | €0 | €0.02m | €0 | ▼ 100% |
| Other operating charges640/8 | €0 | - | - | €0.001m | €0.001m | €0 | €0.001m | €0 | ▼ 100% |
| Non-recurring operating charges66A | - | €0.001m | - | €154 | €0 | - | - | - | - |
| Gross operating margin9900 | -€0.7m | -€0.07m | €0.9m | €0.9m | €0.3m | €0.04m | -€0.2m | -€0.04m | ▲ 80.1% |
| Operating profit (loss)9901 | -€1.0m | -€0.4m | €0.4m | €0.5m | -€0.03m | -€0.2m | -€0.3m | -€0.03m | ▲ 88.9% |
| Financial income75/76B | €0.004m | €0.001m | - | €0.001m | €0.001m | €0.002m | €0.2m | €0.002m | ▼ 99.0% |
| Recurring financial income75 | €0.004m | €0.001m | €34 | €0.001m | €0.001m | €0.002m | €0.2m | €0.002m | ▼ 99.0% |
| Financial charges65/66B | €0.05m | €0.08m | - | -€0.02m | -€0.01m | €0.06m | €0.005m | €0.09m | ▲ 1,726% |
| Recurring financial charges65 | €0.05m | €0.08m | €0.05m | -€0.02m | -€0.01m | €0.06m | €0.005m | €0.09m | ▲ 1,726% |
| Profit (loss) for the period before taxes9903 | -€1.0m | -€0.5m | €0.4m | €0.5m | -€0.02m | -€0.3m | -€0.09m | -€0.1m | ▼ 30.8% |
| Income taxes67/77 | €32 | €298 | €0 | €480 | €211 | €221 | €17 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€1.0m | -€0.5m | €0.4m | €0.5m | -€0.02m | -€0.3m | -€0.09m | -€0.1m | ▼ 30.8% |
| Profit (loss) for the period to be appropriated9905 | -€1.0m | - | €0.4m | €0.5m | -€0.02m | -€0.3m | -€0.09m | -€0.1m | ▼ 30.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.1m | €3.6m | €3.0m | €3.4m | €2.4m | €1.4m | €0.7m | €0.5m | ▼ 35.8% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €1.7m | €1.8m | €1.5m | €1.4m | €1.2m | €1.1m | €0.4m | €0.2m | ▼ 39.3% |
| Tangible fixed assets22/27 | €0.2m | €0.5m | €0.4m | €0.3m | €0.1m | €0.04m | €0 | - | - |
| Plant, machinery and equipment23 | €0.1m | €0.5m | - | €0.2m | €0.1m | €0.04m | €0 | - | - |
| Furniture and vehicles24 | €0.005m | €0.003m | - | €0.001m | €0 | - | - | - | - |
| Other tangible fixed assets26 | €0.03m | €0.03m | - | €0.007m | €0.004m | €0.002m | €0 | - | - |
| Financial fixed assets28 | €1.5m | €1.3m | €1.1m | €1.1m | €1.1m | €1.1m | €0.4m | €0.2m | ▼ 39.3% |
| Current assets29/58 | €1.4m | €1.8m | €1.4m | €2.0m | €1.1m | €0.2m | €0.3m | €0.2m | ▼ 31.4% |
| Amounts receivable within one year40/41 | €0.2m | €0.6m | €0.4m | €0.8m | €0.3m | €0.1m | €0.3m | €0.2m | ▼ 29.9% |
| Trade receivables40 | €0.1m | €0.2m | - | €0.8m | €0.2m | €0.1m | €0 | €0.001m | - |
| Other amounts receivable41 | €0.08m | €0.4m | - | €0.07m | €0.06m | €0.04m | €0.3m | €0.2m | ▼ 30.1% |
| Cash at bank and in hand54/58 | €1.1m | €0.5m | €0.2m | €0.4m | €0.2m | €0.06m | €0.02m | €0.01m | ▼ 50.5% |
| Deferred charges and accrued income490/1 | €0.2m | €0.7m | - | €0.7m | €0.6m | €0.01m | €0 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.1m | €3.6m | €3.0m | €3.4m | €2.4m | €1.4m | €0.7m | €0.5m | ▼ 35.8% |
| Equity10/15 | €0.6m | €0.1m | €0.5m | €1.0m | €1.0m | €0.7m | €0.6m | €0.4m | ▼ 21.3% |
| Contributions10/11 | €2.0m | €2.0m | - | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Capital10 | €2.0m | €2.0m | - | - | - | - | - | - | - |
| Issued capital100 | €2.0m | €2.0m | - | - | - | - | - | - | - |
| Profit (loss) carried forward14 | -€1.4m | -€1.9m | -€1.5m | -€1.0m | -€1.0m | -€1.3m | -€1.4m | -€1.6m | ▼ 8.4% |
| Amounts payable17/49 | €2.5m | €3.5m | €2.5m | €2.4m | €1.4m | €0.7m | €0.1m | €0.005m | ▼ 96.4% |
| Amounts payable within one year42/48 | €2.3m | €2.8m | €2.0m | €1.9m | €1.1m | €0.6m | €0.1m | €0.005m | ▼ 96.2% |
| Trade debts44 | €0.1m | €0.1m | €0.05m | €0.007m | €0.04m | €0.02m | €0.1m | €0.005m | ▼ 96.2% |
| Suppliers440/4 | €0.1m | €0.1m | - | €0.007m | €0.04m | €0.02m | €0.1m | €0.005m | ▼ 96.2% |
| Taxes, remuneration and social security45 | €0.02m | €0.03m | - | €0.02m | €0.02m | €0.04m | €97 | €0 | ▼ 100% |
| Taxes450/3 | €0.001m | €0 | - | €16 | €0 | €318 | €97 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €0.02m | €0.03m | - | €0.02m | €0.02m | €0.04m | €0 | - | - |
| Other amounts payable47/48 | €2.1m | €2.7m | - | €1.9m | €1.0m | €0.5m | €0 | - | - |
| Accrued charges and deferred income492/3 | €0.2m | €0.6m | - | €0.5m | €0.3m | €0.1m | €0.009m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.0m | -€0.5m | €0.4m | €0.5m | -€0.02m | -€0.3m | -€0.09m | -€0.1m | ▼ 30.8% |
| + Depreciation and write-downs630 | €0.04m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0 | - | - |
| Operating cash flow (approximation) | -€1.0m | -€0.4m | €0.5m | €0.6m | €0.09m | -€0.2m | -€0.09m | -€0.1m | ▼ 30.8% |
| Investment in fixed assets (approximation) | - | -€0.2m | €0.2m | -€0.01m | €0.06m | -€0.002m | €0.8m | €0.2m | ▼ 80.0% |
| Change in cash | - | -€0.5m | -€0.3m | €0.2m | -€0.2m | -€0.2m | -€0.04m | -€0.01m | ▲ 69.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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