Le Baron
ActiveSummary
Le Baron has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €-36k. Equity is shrinking by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 536 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▲+10
Solvency53▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.13 in 2024; short-term debt: 54.3% and cash: 0% of total assets), and 72.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← 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
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 2025Solvency, return and age of the figures
Solvency
27.6%
Return on assets
-9.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-36k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
9 d early
2022
31 d late
2021
29 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€101k▼ 26.1%
2024 · €137k
2018: €91klowest in 8 years
2019: €283k▲ +211% vs 2018highest in 8 years
2020: €252k▼ -11.0% vs 2019
2021: €231k▼ -8.6% vs 2020
2022: €202k▼ -12.4% vs 2021
2023: €231k▲ +14.3% vs 2022
2024: €137k▼ -40.8% vs 2023
2025: €101k▼ -26.1% vs 2024
2018 → 2025
Total assets
€366k▼ 6.3%
2024 · €390k
2018: €333klowest in 8 years
2019: €643k▲ +92.8% vs 2018highest in 8 years
2020: €521k▼ -18.9% vs 2019
2021: €490k▼ -6.0% vs 2020
2022: €456k▼ -7.0% vs 2021
2023: €416k▼ -8.7% vs 2022
2024: €390k▼ -6.2% vs 2023
2025: €366k▼ -6.3% vs 2024
2018 → 2025
Net result
€-36k▲ 62.3%
2024 · €-94k
2018: €-3k
2019: €192k▲ +7700% vs 2018highest in 8 years
2020: €-31k▼ -116% vs 2019
2021: €-22k▲ +30.6% vs 2020
2022: €-29k▼ -32.4% vs 2021
2023: €29k▲ +201% vs 2022
2024: €-94k▼ -427% vs 2023lowest in 8 years
2025: €-36k▲ +62.3% vs 2024
2018 → 2025
Working capital
€-180k▼ 14.6%
2024 · €-157k
2018: €-148k
2019: €217k▲ +247% vs 2018highest in 8 years
2020: €32k▼ -85.2% vs 2019
2021: €13k▼ -60.7% vs 2020
2022: €-6k▼ -149% vs 2021
2023: €-27k▼ -333% vs 2022
2024: €-157k▼ -483% vs 2023
2025: €-180k▼ -14.6% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€231k-€202k▼ 12.4%€231k▲ 14.3%€137k▼ 40.8%€101k▼ 26.1%
2021: €231k
2022: €202k▼ -12.4% vs 2021
2023: €231k▲ +14.3% vs 2022highest in 5 years
2024: €137k▼ -40.8% vs 2023
2025: €101k▼ -26.1% vs 2024lowest in 5 years
Operating result€-24k-€-32k▼ 34.3%€-33k▼ 2.4%€-34k▼ 3.9%€-16k▲ 53.6%
2021: €-24k
2022: €-32k▼ -34.3% vs 2021
2023: €-33k▼ -2.4% vs 2022
2024: €-34k▼ -3.9% vs 2023lowest in 5 years
2025: €-16k▲ +53.6% vs 2024highest in 5 years
Net result€-22k-€-29k▼ 32.4%€29k€-94k€-36k▲ 62.3%
2021: €-22k
2022: €-29k▼ -32.4% vs 2021
2023: €29k▲ +201% vs 2022highest in 5 years
2024: €-94k▼ -427% vs 2023lowest in 5 years
2025: €-36k▲ +62.3% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €34k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €366k
Fixed assets
€347k ▼ 5.1%
Current assets
€19k ▼ 23.9%
Equity and liabilities €366k
Equity
€101k ▼ 26.1%
Debt
€265k ▲ 4.4%
Debt's share of the balance-sheet total rises from 65.0% to 72.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▲
2024 · €-16k
Cash flow
€-17k▲
2024 · €-76k
Current ratio
0.09▼
2024 · 0.13
Debt to equity
2.62▲
2024 · 1.86
ROE
-35.2%▲
2024 · -69.1%
ROA
-9.7%▲
2024 · -24.2%
Interest coverage
0.39▲
2024 · -7.36
Debt ≤ 1 year
€199k▲
2024 · €181k
Debt > 1 year
€65k▼
2024 · €72k
Income taxes
€12k▼
2024 · €58k
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 · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€390k€366k▼
Fixed assets21/28€366k€347k▼
Intangible fixed assets21€33k€29k▼
Tangible fixed assets22/27€332k€317k▼
Land and buildings22€315k€304k▼
Furniture and vehicles24€14k€10k▼
Other tangible fixed assets26€3k€3k=
Financial fixed assets28€957€957=
Current assets29/58€24k€19k▼
Amounts receivable within one year40/41€6k€5k▼
Trade receivables40€6k€4k▼
Other amounts receivable41€0€1k▲
Cash at bank and in hand54/58€2k€10▼
Deferred charges and accrued income490/1€16k€13k▼
Equity and liabilities
Total equity and liabilities10/49€390k€366k▼
Equity10/15€137k€101k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€160k€160k=
Uncalled capital101€98k€98k=
Reserves13€27k€27k=
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€48k€12k▼
Amounts payable17/49€254k€265k▲
Amounts payable after more than one year17€72k€65k▼
Financial debts170/4€72k€65k▼
Amounts payable within one year42/48€181k€199k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Financial debts43€16€19k▲
Credit institutions430/8€16€19k▲
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Other amounts payable47/48€164k€166k▲
Accrued charges and deferred income492/3-€810
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Other operating charges640/8€608€1k▲
Gross operating margin9900€-16k€4k▲
Operating profit (loss)9901€-34k€-16k▲
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€2k€7k▲
Recurring financial charges65€2k€7k▲
Profit (loss) for the period before taxes9903€-36k€-23k▲
Transfer from deferred taxes780€0-
Income taxes67/77€58k€12k▼
Profit (loss) for the period9904€-94k€-36k▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€-94k€-36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€48k€12k▼
Profit (loss) brought forward from the previous period14P€142k€48k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €17k | €17k | €18k | €19k | ▲ 4.8% |
| Other operating charges640/8 | €348 | €523 | €516 | €608 | €1k | ▲ 136% |
| Gross operating margin9900 | €-7k | €-14k | €-15k | €-16k | €4k | ▲ 128% |
| Operating profit (loss)9901 | €-24k | €-32k | €-33k | €-34k | €-16k | ▲ 53.6% |
| Financial income75/76B | €3k | €4k | €3k | €0 | €3 | - |
| Recurring financial income75 | €3k | €4k | €3k | €0 | €3 | - |
| Financial charges65/66B | €2k | €2k | €1k | €2k | €7k | ▲ 236% |
| Recurring financial charges65 | €2k | €2k | €1k | €2k | €7k | ▲ 236% |
| Profit (loss) for the period before taxes9903 | €-23k | €-30k | €-31k | €-36k | €-23k | ▲ 36.0% |
| Transfer from deferred taxes780 | €1k | €1k | €60k | €0 | - | - |
| Income taxes67/77 | - | - | - | €58k | €12k | ▼ 78.7% |
| Profit (loss) for the period9904 | €-22k | €-29k | €29k | €-94k | €-36k | ▲ 62.3% |
| Transfer from tax-exempt reserves789 | €3k | €3k | €179k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €-19k | €-25k | €208k | €-94k | €-36k | ▲ 62.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €490k | €456k | €416k | €390k | €366k | ▼ 6.3% |
| Fixed assets21/28 | €372k | €354k | €336k | €366k | €347k | ▼ 5.1% |
| Intangible fixed assets21 | - | - | - | €33k | €29k | ▼ 10.1% |
| Tangible fixed assets22/27 | €372k | €354k | €336k | €332k | €317k | ▼ 4.6% |
| Land and buildings22 | €351k | €339k | €327k | €315k | €304k | ▼ 3.7% |
| Furniture and vehicles24 | €21k | €15k | €9k | €14k | €10k | ▼ 26.8% |
| Other tangible fixed assets26 | - | - | - | €3k | €3k | = |
| Financial fixed assets28 | €250 | €250 | €250 | €957 | €957 | = |
| Current assets29/58 | €118k | €102k | €80k | €24k | €19k | ▼ 23.9% |
| Amounts receivable within one year40/41 | €97k | €101k | €77k | €6k | €5k | ▼ 10.2% |
| Trade receivables40 | €976 | €9k | - | €6k | €4k | ▼ 33.4% |
| Other amounts receivable41 | €96k | €93k | €77k | €0 | €1k | - |
| Cash at bank and in hand54/58 | €21k | €426 | €2k | €2k | €10 | ▼ 99.5% |
| Deferred charges and accrued income490/1 | €116 | €199 | €650 | €16k | €13k | ▼ 18.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €490k | €456k | €416k | €390k | €366k | ▼ 6.3% |
| Equity10/15 | €231k | €202k | €231k | €137k | €101k | ▼ 26.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €160k | €160k | €160k | €160k | €160k | = |
| Uncalled capital101 | €98k | €98k | €98k | €98k | €98k | = |
| Reserves13 | €209k | €206k | €27k | €27k | €27k | = |
| Non-distributable reserves130/1 | €16k | €16k | €16k | €16k | €16k | = |
| Legal reserve130 | €16k | €16k | €16k | €16k | €16k | = |
| Tax-exempt reserves132 | €182k | €179k | - | - | - | - |
| Distributable reserves133 | €11k | €11k | €11k | €11k | €11k | = |
| Profit (loss) carried forward14 | €-40k | €-66k | €142k | €48k | €12k | ▼ 74.8% |
| Provisions and deferred taxes16 | €61k | €60k | - | - | - | - |
| Deferred taxes168 | €61k | €60k | - | - | - | - |
| Amounts payable17/49 | €199k | €194k | €185k | €254k | €265k | ▲ 4.4% |
| Amounts payable after more than one year17 | €93k | €86k | €79k | €72k | €65k | ▼ 9.6% |
| Financial debts170/4 | €93k | €86k | €79k | €72k | €65k | ▼ 9.6% |
| Amounts payable within one year42/48 | €106k | €108k | €107k | €181k | €199k | ▲ 9.5% |
| Current portion of amounts payable after more than one year42 | €7k | €7k | €7k | €7k | €7k | ▲ 4.1% |
| Financial debts43 | - | - | - | €16 | €19k | ▲ 115,740% |
| Credit institutions430/8 | - | - | - | €16 | €19k | ▲ 115,740% |
| Trade debts44 | €150 | €4k | €3k | €6k | €4k | ▼ 27.1% |
| Suppliers440/4 | €150 | €4k | €3k | €6k | €4k | ▼ 27.1% |
| Advances received on contracts in progress46 | €725 | €725 | - | - | - | - |
| Taxes, remuneration and social security45 | €1k | €73 | €146 | €5k | €3k | ▼ 38.3% |
| Taxes450/3 | - | €73 | €146 | €5k | €3k | ▼ 38.3% |
| Remuneration and social security454/9 | €1k | - | - | - | - | - |
| Other amounts payable47/48 | €97k | €97k | €97k | €164k | €166k | ▲ 0.9% |
| Accrued charges and deferred income492/3 | €149 | - | - | - | €810 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €-29k | €29k | €-94k | €-36k | ▲ 62.3% |
| + Depreciation and write-downs630 | €17k | €17k | €17k | €18k | €19k | ▲ 4.8% |
| Operating cash flow (approximation) | €-5k | €-11k | €46k | €-76k | €-17k | ▲ 77.9% |
| Investment in fixed assets (approximation) | - | €645 | €0 | €-47k | €0 | ▲ 100% |
| Change in cash | - | €-21k | €2k | €347 | €-2k | ▼ 768% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-94k
Net result drops to €-94k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €29k
Net result €29k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Back to profitnet €192k
Net result €192k after one loss-making year.
31-12
Financial
Liquidity times 19current ratio 2.15
Current ratio from 0.11 to 2.15.
31-12
Financial
Equity above €200kEq €283k ▲211%
Equity rises from €91k to €283k.
Show earlier events
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Boechout · 1 establishment unit since 2004
Ground area
527 m²
Building footprint
426 m²
Volume, LiDAR
1 m³
Parcel 11004D0405/00Z003, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Le Baron
since 20042.142.067.529
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0405/00Z003 | Flanders | 527 m² | 1 · 426 m² | 0.1 m |
Linked by address, not proof of ownership
Good to know
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 8,300 companies in sector 90201 we hold annual accounts for 602. 489 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-07-2004
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
90202Performing arts by artistic ensembles
Scores and ratios are computed by Checked and are not a credit decision.