TOM BAERVOETS
ActiveTOM BAERVOETS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €255k. Equity is shrinking by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 13% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency33▼-67
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 9.5 in 2024; short-term debt: 82% and cash: 73% of total assets), and 92.4% 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
7.6%
Return on assets
37.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
26 d early
2022
38 d early
2021
31 d late
2020
19 d early
2019
31 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€52k▼ 83.7%
2024 · €316k
2018: €370k
2019: €376k
2020: €158k
2021: €289k
2022: €114k
2023: €72k
2024: €316k
2018 → 2025
Total assets
€683k▲ 64.9%
2024 · €414k
2018: €580k
2019: €706k
2020: €542k
2021: €404k
2022: €512k
2023: €402k
2024: €414k
2018 → 2025
Net result
€255k▲ 4.4%
2024 · €244k
2018: €132k
2019: €160k
2020: €137k
2021: €125k
2022: €197k
2023: €227k
2024: €244k
2018 → 2025
Working capital
€72k▼ 75.7%
2024 · €297k
2018: €301k
2019: €334k
2020: €17k
2021: €279k
2022: €6k
2023: €9k
2024: €297k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€289k-€114k▼ 60.5%€72k▼ 37.0%€316k▲ 340%€52k▼ 83.7%
Operating result€160k-€255k▲ 59.2%€298k▲ 16.9%€319k▲ 7.1%€332k▲ 3.9%
Net result€125k-€197k▲ 57.4%€227k▲ 15.5%€244k▲ 7.5%€255k▲ 4.4%
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 has risen four years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €683k
Fixed assets
€50k▼ 39.0%
Current assets
€633k▲ 90.8%
Equity and liabilities €683k
Equity
€52k▼ 83.7%
Debt
€631k▲ 545%
The debt ratio rises from 23.6% to 92.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€364k▲
2024 · €349k
Cash flow
€288k▲
2024 · €274k
Solvency
7.6%▼
2024 · 76.4%
Current ratio
1.13▼
2024 · 9.50
Quick ratio
1.12▼
2024 · 9.35
Debt / equity
12.24▲
2024 · 0.31
ROE
494.8%▲
2024 · 77.3%
ROA
37.4%▼
2024 · 59.0%
Interest coverage
2477.30▲
2024 · 2201.25
Debt
€631k▲
2024 · €98k
Debt ≤ 1 year
€560k▲
2024 · €35k
Debt > 1 year
€71k▲
2024 · €63k
Income taxes
€80k▲
2024 · €76k
Staff costs
€166k▼
2024 · €175k
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€414k€683k▲
Fixed assets21/28€83k€50k▼
Intangible fixed assets21€43k€22k▼
Tangible fixed assets22/27€40k€29k▼
Plant, machinery and equipment23€233€121▼
Furniture and vehicles24€40k€29k▼
Current assets29/58€332k€633k▲
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€153k€127k▼
Trade receivables40€39k€19k▼
Other amounts receivable41€115k€108k▼
Cash at bank and in hand54/58€167k€499k▲
Deferred charges and accrued income490/1€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€414k€683k▲
Equity10/15€316k€52k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€296k€31k▼
Amounts payable17/49€98k€631k▲
Amounts payable after more than one year17€63k€71k▲
Financial debts170/4€63k€71k▲
Amounts payable within one year42/48€35k€560k▲
Trade debts44€6k€30k▲
Suppliers440/4€6k€30k▲
Taxes, remuneration and social security45€29k€88k▲
Taxes450/3€21k€84k▲
Remuneration and social security454/9€8k€5k▼
Other amounts payable47/48-€442k
Income statement
Code20242025
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€175k€166k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€32k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€526k€533k▲
Operating profit (loss)9901€319k€332k▲
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€158€147▼
Recurring financial charges65€158€147▼
Profit (loss) for the period before taxes9903€320k€335k▲
Income taxes67/77€76k€80k▲
Profit (loss) for the period9904€244k€255k▲
Profit (loss) for the period to be appropriated9905€244k€255k▲
Appropriation of the result
Profit (loss) to be appropriated9906€296k€551k▲
Profit (loss) brought forward from the previous period14P€52k€296k▲
Profit to be distributed694/7-€520k
Return on contributions (dividend)694-€520k
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €255k ▲4.4%
Operating result €332k, net result €255k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 9current ratio 9.50
Current ratio from 1.03 to 9.50; short-term debt falls from €309k to €35k.
31-12
Financial
Equity above €200kEq €316k ▲340%
7 profitable years in a row build equity to €316k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €125k ▼8.9%
Net result drops to €125k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 43current ratio 45.42
Current ratio from 1.05 to 45.42; short-term debt falls from €374k to €6k.
31-12
Financial
Equity above €200kEq €289k ▲83%
4 profitable years in a row build equity to €289k.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
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
5 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, Knokke-Heist · 1 establishment unit since 2015
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.
Smedenstraat 1368300 Knokke-HeistGround area
170 m²
Building footprint
115 m²
Volume, LiDAR
523 m³
Parcel 31039A0140/00T009, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TOM BAERVOETS
since 20152.241.507.375
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039A0140/00T009 | Flanders | 170 m² | 1 · 115 m² | 8.4 m · 2 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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Of 7,861 companies in sector 43341 we hold annual accounts for 2,664. 2,321 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-04-2015
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.