Herman Baecke
ActiveHerman Baecke has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €594k and a net result of €173k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 62% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency98▲+7
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.17 against 1.78 in 2024), and 41.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
58.3%
Return on assets
17%
Age of the figures
8 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
6 d early
2023
30 d early
2022
17 d late
2021
34 d early
2020
31 d early
2019
9 d early
← 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
€594k▲ 41.3%
2024 · €420k
2018: €217k
2019: €227k
2020: €301k
2021: €491k
2022: €652k
2023: €333k
2024: €420k
2018 → 2025
Total assets
€1.02M▲ 24.1%
2024 · €821k
2018: €298k
2019: €315k
2020: €514k
2021: €736k
2022: €701k
2023: €722k
2024: €821k
2018 → 2025
Net result
€173k▲ 98.3%
2024 · €87k
2018: €108k
2019: €123k
2020: €157k
2021: €340k
2022: €161k
2023: €58k
2024: €87k
2018 → 2025
Working capital
€498k▲ 59.2%
2024 · €312k
2018: €198k
2019: €179k
2020: €266k
2021: €408k
2022: €570k
2023: €266k
2024: €312k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€491k-€652k▲ 32.9%€333k▼ 49.0%€420k▲ 26.3%€594k▲ 41.3%
Operating result€449k-€208k▼ 53.7%€90k▼ 56.7%€131k▲ 44.9%€253k▲ 93.5%
Net result€340k-€161k▼ 52.5%€58k▼ 64.3%€87k▲ 52.0%€173k▲ 98.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 94% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€96k▼ 10.8%
Current assets
€923k▲ 29.3%
Equity and liabilities €1.02M
Equity
€594k▲ 41.3%
Debt
€425k▲ 6.1%
The debt ratio falls from 48.8% to 41.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€272k▲
2024 · €147k
Cash flow
€192k▲
2024 · €104k
Solvency
58.3%▲
2024 · 51.2%
Current ratio
2.17▲
2024 · 1.78
Quick ratio
1.77▲
2024 · 1.46
Debt / equity
0.72▼
2024 · 0.95
ROE
29.2%▲
2024 · 20.8%
ROA
17.0%▲
2024 · 10.7%
Interest coverage
119.94▼
2024 · 144.68
Debt
€425k▲
2024 · €401k
Debt ≤ 1 year
€425k▲
2024 · €401k
Income taxes
€84k▲
2024 · €42k
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€821k€1.02M▲
Fixed assets21/28€108k€96k▼
Tangible fixed assets22/27€108k€96k▼
Plant, machinery and equipment23€11k€14k▲
Furniture and vehicles24€97k€83k▼
Current assets29/58€714k€923k▲
Stocks and contracts in progress3€129k€171k▲
Stocks30/36€129k€171k▲
Amounts receivable within one year40/41€141k€109k▼
Trade receivables40€112k€109k▼
Other amounts receivable41€29k€70▼
Cash at bank and in hand54/58€439k€639k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€821k€1.02M▲
Equity10/15€420k€594k▲
Contributions10/11€19k€19k=
Reserves13€402k€575k▲
Distributable reserves133€402k€575k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€401k€425k▲
Amounts payable within one year42/48€401k€425k▲
Trade debts44€22k€36k▲
Suppliers440/4€22k€36k▲
Advances received on contracts in progress46€47k€69k▲
Taxes, remuneration and social security45€33k€35k▲
Taxes450/3€33k€35k▲
Other amounts payable47/48€298k€286k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€19k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€149k€274k▲
Operating profit (loss)9901€131k€253k▲
Financial income75/76B€342€7k▲
Recurring financial income75€342€7k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€130k€257k▲
Income taxes67/77€42k€84k▲
Profit (loss) for the period9904€87k€173k▲
Profit (loss) for the period to be appropriated9905€87k€173k▲
Appropriation of the result
Profit (loss) to be appropriated9906€87k€173k▲
Transfer from equity791/2€0-
Transfer to equity691/2€87k€173k▲
To other reserves6921€87k€173k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (14 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Equity above €500kEq €594k ▲41.3%
8 profitable years in a row build equity to €594k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €58k ▼64.3%
Net result drops to €58k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
31-12
Financial
Liquidity times 5current ratio 12.67
Current ratio from 2.67 to 12.67; short-term debt falls from €245k to €49k.
31-12
Financial
Equity above €500kEq €652k ▲32.9%
5 profitable years in a row build equity to €652k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €340k ▲116%
Operating result €449k, net result €340k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Maarkedal · 1 establishment unit since 2014
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.
Leideveld (SCHO) 299688 MaarkedalGround area
2,515 m²
Building footprint
144 m²
Volume, LiDAR
610 m³
Parcel 45044A0227/00G000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Herman Baecke
since 20142.231.243.389
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45044A0227/00G000 | Flanders | 2,515 m² | 1 · 144 m² | 7.9 m · 1 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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WECKX Louis en Co
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FITOM
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Of 19,947 companies in sector 43320 we hold annual accounts for 9,084. 5,571 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-06-2014
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43221Plumbing work
43310Plastering work
46130Agents in the wholesale of timber and building materials
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.