VAN BADEN
ActiveSummary
VAN BADEN has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100,647 and a net result of -€3,741. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 353 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▲+13
Solvency94▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 3.09 against 3.14 in 2024; short-term debt: 31.3% and cash: 66.9% of total assets), and 31.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Manufacture of other non-metallic mineral products (NACE 23)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 -€3,741
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
29 d late
2023
14 d late
2022
8 d late
2021
30 d late
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% of the sector filed late.
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. Usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€100,647▼ 3.6%
2024 · €104,388
Total assets
€146,439▼ 1.9%
2024 · €149,284
Net result
-€3,741▲ 65.9%
2024 · -€10,975
Working capital
€95,596▼ 0.3%
2024 · €95,892
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€13,058-€4,474▲ 65.7%-€5,760▼ 28.8%-€9,681▼ 68.1%-€2,162▲ 77.7%
Net result-€11,518below the sector's middle half-€5,148below the sector's middle half▲ 55.3%-€6,779below the sector's middle half▼ 31.7%-€10,975below the sector's middle half▼ 61.9%-€3,741below the sector's middle half▲ 65.9%
Equity€251,816above the sector's middle half▼ 4.4%€122,143within the sector's middle half▼ 51.5%€115,363within the sector's middle half▼ 5.6%€104,388within the sector's middle half▼ 9.5%€100,647within the sector's middle half▼ 3.6%
Total assets€273,707within the sector's middle half▼ 7.5%€189,245within the sector's middle half▼ 30.9%€198,192within the sector's middle half▲ 4.7%€149,284within the sector's middle half▼ 24.7%€146,439within the sector's middle half▼ 1.9%
Debt€21,891▼ 32.9%€67,103▲ 207%€82,829▲ 23.4%€44,896▼ 45.8%€45,792▲ 2.0%
Working capital€243,070above the sector's middle half▼ 4.3%€111,208within the sector's middle half▼ 54.2%€103,187within the sector's middle half▼ 7.2%€95,892within the sector's middle half▼ 7.1%€95,596within the sector's middle half▼ 0.3%
Solvency92.0%above the sector's middle half▲ 3.0pp64.5%within the sector's middle half▼ 27.5pp58.2%within the sector's middle half▼ 6.3pp69.9%within the sector's middle half▲ 11.7pp68.7%within the sector's middle half▼ 1.2pp
Current ratio12.10above the sector's middle half▲ 3.322.66within the sector's middle half▼ 9.452.25within the sector's middle half▼ 0.413.14within the sector's middle half▲ 0.893.09within the sector's middle half▼ 0.05
Return on assets (ROA)-4.2%below the sector's middle half▼ 15.5pp-2.7%below the sector's middle half▲ 1.5pp-3.4%below the sector's middle half▼ 0.7pp-7.4%below the sector's middle half▼ 3.9pp-2.6%below the sector's middle half▲ 4.8pp
above
within
below
the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,162 in 2025 against €9,681 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €146,439
Fixed assets
€5,051 ▼ 40.6%
Current assets
€141,388 ▲ 0.4%
Equity and liabilities €146,439
Equity
€100,647 ▼ 3.6%
Debt
€45,792 ▲ 2.0%
Debt's share of the balance-sheet total rises from 30.1% to 31.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,284▲
2024 · -€6,000
Cash flow
-€296▲
2024 · -€7,295
Quick ratio
3.08▼
2024 · 3.12
Debt to equity
0.45▲
2024 · 0.43
ROE
-3.7%▲
2024 · -10.5%
Interest coverage
0.89▲
2024 · -4.69
Debt ≤ 1 year
€45,792▲
2024 · €44,896
Income taxes
€132▼
2024 · €329
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,834 | - | - | - |
| Remuneration, social security and pensions62 | €71 | €48 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,980 | €2,206 | €3,245 | €3,681 | €3,445 | ▼ 6.4% |
| Other operating charges640/8 | €1,324 | €1,888 | €1,649 | €632 | €1,347 | ▲ 113% |
| Gross operating margin9900 | -€9,683 | -€331 | -€867 | -€5,368 | €2,630 | ▲ 149% |
| Operating profit (loss)9901 | -€13,058 | -€4,474 | -€5,760 | -€9,681 | -€2,162 | ▲ 77.7% |
| Financial income75/76B | €2,310 | €0 | - | €314 | - | - |
| Recurring financial income75 | €2,310 | €0 | - | €314 | - | - |
| Financial charges65/66B | €526 | €429 | €806 | €1,280 | €1,447 | ▲ 13.1% |
| Recurring financial charges65 | €526 | €429 | €806 | €1,280 | €1,447 | ▲ 13.1% |
| Profit (loss) for the period before taxes9903 | -€11,273 | -€4,903 | -€6,566 | -€10,647 | -€3,609 | ▲ 66.1% |
| Income taxes67/77 | €244 | €246 | €213 | €329 | €132 | ▼ 59.8% |
| Profit (loss) for the period9904 | -€11,518 | -€5,148 | -€6,779 | -€10,975 | -€3,741 | ▲ 65.9% |
| Profit (loss) for the period to be appropriated9905 | -€11,518 | -€5,148 | -€6,779 | -€10,975 | -€3,741 | ▲ 65.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €273,707 | €189,245 | €198,192 | €149,284 | €146,439 | ▼ 1.9% |
| Fixed assets21/28 | €8,746 | €10,934 | €12,177 | €8,496 | €5,051 | ▼ 40.6% |
| Tangible fixed assets22/27 | €8,746 | €10,934 | €12,177 | €8,496 | €5,051 | ▼ 40.6% |
| Land and buildings22 | €1,868 | €1,635 | €3,464 | €2,769 | €2,074 | ▼ 25.1% |
| Plant, machinery and equipment23 | €542 | €3,624 | €4,957 | €3,893 | €2,970 | ▼ 23.7% |
| Furniture and vehicles24 | €1,086 | €1,739 | €1,130 | €522 | €7 | ▼ 98.7% |
| Other tangible fixed assets26 | €5,249 | €3,937 | €2,625 | €1,312 | €0 | ▼ 100% |
| Current assets29/58 | €264,962 | €178,311 | €186,015 | €140,788 | €141,388 | ▲ 0.4% |
| Stocks and contracts in progress3 | €757 | €1,472 | €723 | €754 | €437 | ▼ 42.0% |
| Stocks30/36 | €757 | €1,472 | €723 | €754 | €437 | ▼ 42.0% |
| Amounts receivable within one year40/41 | €103,946 | €33,717 | €42,210 | €43,040 | €42,161 | ▼ 2.0% |
| Trade receivables40 | €23,884 | €31,207 | €38,800 | €37,112 | €37,509 | ▲ 1.1% |
| Other amounts receivable41 | €80,062 | €2,510 | €3,410 | €5,927 | €4,652 | ▼ 21.5% |
| Cash at bank and in hand54/58 | €157,949 | €142,983 | €140,758 | €96,585 | €97,978 | ▲ 1.4% |
| Deferred charges and accrued income490/1 | €2,310 | €139 | €2,325 | €409 | €811 | ▲ 98.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €273,707 | €189,245 | €198,192 | €149,284 | €146,439 | ▼ 1.9% |
| Equity10/15 | €251,816 | €122,143 | €115,363 | €104,388 | €100,647 | ▼ 3.6% |
| Contributions10/11 | €163,005 | €38,480 | €38,480 | €38,480 | €38,480 | = |
| Reserves13 | €88,811 | €83,663 | €76,883 | €65,908 | €62,167 | ▼ 5.7% |
| Non-distributable reserves130/1 | €9,250 | - | - | - | - | - |
| Reserves not available under the articles1311 | €9,250 | - | - | - | - | - |
| Distributable reserves133 | €79,561 | €83,663 | €76,883 | €65,908 | €62,167 | ▼ 5.7% |
| Amounts payable17/49 | €21,891 | €67,103 | €82,829 | €44,896 | €45,792 | ▲ 2.0% |
| Amounts payable within one year42/48 | €21,891 | €67,103 | €82,829 | €44,896 | €45,792 | ▲ 2.0% |
| Trade debts44 | €6,656 | €7,027 | €23,034 | €13,192 | €17,518 | ▲ 32.8% |
| Suppliers440/4 | €6,656 | €7,027 | €23,034 | €13,192 | €17,518 | ▲ 32.8% |
| Taxes, remuneration and social security45 | €14,345 | €5,399 | €1,662 | €1,254 | €794 | ▼ 36.7% |
| Taxes450/3 | €14,345 | €2,899 | €1,662 | €859 | €794 | ▼ 7.5% |
| Remuneration and social security454/9 | - | €2,500 | - | €395 | - | - |
| Other amounts payable47/48 | €890 | €54,676 | €58,133 | €30,451 | €27,479 | ▼ 9.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,518 | -€5,148 | -€6,779 | -€10,975 | -€3,741 | ▲ 65.9% |
| + Depreciation and write-downs630 | €1,980 | €2,206 | €3,245 | €3,681 | €3,445 | ▼ 6.4% |
| Operating cash flow (approximation) | -€9,538 | -€2,943 | -€3,534 | -€7,295 | -€296 | ▲ 95.9% |
| Investment in fixed assets (approximation) | - | -€4,394 | -€4,488 | €0 | €0 | - |
| Change in cash | - | -€14,966 | -€2,225 | -€44,173 | €1,393 | ▲ 103% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€11,518
Net result drops to -€11,518, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €33,366 ▲965%
Operating result €37,198, net result €33,366, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €3,134
Net result €3,134 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 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 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Schelle
Ground area
997 m²
Building footprint
73 m²
Volume, LiDAR
644 m³
Parcel 11038B0170/00W002, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11038B0170/00W002 | Flanders | 997 m² | 1 · 73 m² | 11.4 m · 3 fl. |
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.
Similar companies · same sector, comparable size
Rousseau Didier
BE 0439.050.209
Rixensart · Eq €100,263
NAUWELAERTS
BE 0424.473.384
Putte · Eq €101,101
DANDRENO
BE 0765.861.421
Knokke-Heist · Eq €98,771
Grafzerken Aerts
BE 0764.306.055
Beerse · Eq €98,661
ABSK Van Roye
BE 0773.938.848
Oostkamp · Eq €98,578
Of 737 companies in sector 23700 we hold annual accounts for 489. 400 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-08-1985
Fiscal year end31-12
Activities, NACEBEL 2025
23700Cutting, shaping and finishing of stone
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427733178
Also
9925:BE0427733178
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.