Wim De Baets
ActiveWim De Baets has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100k and a net result of €25k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 11257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-6
Solvency44▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.74 in 2024; short-term debt: 19.1% and cash: 6.4% of total assets), and 81.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-10-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
1 d early
2023
33 d early
2022
10 d early
2021
5 d early
2020
16 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€100k▲ 32.8%
2024 · €75k
2019: €50k
2020: €55k
2021: €59k
2022: €79k
2023: €75k
2024: €75k
2019 → 2025
Total assets
€535k▲ 10.6%
2024 · €484k
2019: €159k
2020: €178k
2021: €259k
2022: €250k
2023: €430k
2024: €484k
2019 → 2025
Net result
€25k▼ 48.1%
2024 · €48k
2019: €5k
2020: €5k
2021: €5k
2022: €20k
2023: €23k
2024: €48k
2019 → 2025
Working capital
€-11k▲ 51.5%
2024 · €-23k
2019: €44k
2020: €48k
2021: €11k
2022: €22k
2023: €-4k
2024: €-23k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€79k▲ 33.1%€75k▼ 5.6%€75k▲ 1.0%€100k▲ 32.8%
Operating result€7k-€27k▲ 261%€33k▲ 22.1%€62k▲ 88.4%€35k▼ 43.1%
Net result€5k-€20k▲ 330%€23k▲ 18.2%€48k▲ 105%€25k▼ 48.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €535k
Fixed assets
€444k▲ 6.1%
Current assets
€91k▲ 39.1%
Equity and liabilities €535k
Equity
€100k▲ 32.8%
Debt
€435k▲ 6.5%
The debt ratio falls from 84.4% to 81.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€52k▼
2024 · €77k
Cash flow
€41k▼
2024 · €62k
Solvency
18.7%▲
2024 · 15.6%
Current ratio
0.89▲
2024 · 0.74
Quick ratio
0.89▲
2024 · 0.74
Debt / equity
4.34▼
2024 · 5.42
ROE
24.7%▼
2024 · 63.3%
ROA
4.6%▼
2024 · 9.9%
Interest coverage
8.50▼
2024 · 13.32
Debt
€435k▲
2024 · €408k
Debt ≤ 1 year
€102k▲
2024 · €88k
Debt > 1 year
€332k▲
2024 · €320k
Income taxes
€6k▼
2024 · €10k
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€484k€535k▲
Fixed assets21/28€418k€444k▲
Tangible fixed assets22/27€418k€444k▲
Land and buildings22€417k€443k▲
Other tangible fixed assets26€2k€1k▼
Current assets29/58€65k€91k▲
Amounts receivable within one year40/41€34k€55k▲
Trade receivables40€7k€50k▲
Other amounts receivable41€27k€5k▼
Cash at bank and in hand54/58€31k€34k▲
Deferred charges and accrued income490/1€862€2k▲
Equity and liabilities
Total equity and liabilities10/49€484k€535k▲
Equity10/15€75k€100k▲
Contributions10/11€19k€19k=
Reserves13€57k€82k▲
Non-distributable reserves130/1€2k€0▼
Other1319€2k€0▼
Distributable reserves133€55k€82k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€408k€435k▲
Amounts payable after more than one year17€320k€332k▲
Financial debts170/4€320k€332k▲
Amounts payable within one year42/48€88k€102k▲
Current portion of amounts payable after more than one year42€30k€37k▲
Trade debts44€2k€48k▲
Suppliers440/4€2k€48k▲
Taxes, remuneration and social security45€9k€12k▲
Taxes450/3€9k€12k▲
Other amounts payable47/48€47k€5k▼
Accrued charges and deferred income492/3€119€313▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€80k€54k▼
Operating profit (loss)9901€62k€35k▼
Financial income75/76B€1k€928▼
Recurring financial income75€1k€928▼
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€57k€30k▼
Income taxes67/77€10k€6k▼
Profit (loss) for the period9904€48k€25k▼
Profit (loss) for the period to be appropriated9905€48k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€25k▼
Transfer from equity791/2€0-
Transfer to equity691/2€742€25k▲
To other reserves6921€742€25k▲
Profit to be distributed694/7€47k€0▼
Return on contributions (dividend)694€40k€0▼
Directors or managers695€7k€0▼
The notes to these accounts (6 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
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €100kEq €100k ▲32.8%
7 profitable years in a row build equity to €100k.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €48k ▲105%
Operating result €62k, net result €48k, both a record.
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €5k ▼4%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zulte
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.
Dorpsstraat 6b9870 ZulteGround area
697 m²
Building footprint
109 m²
Volume, LiDAR
742 m³
Parcel 44037A0839/00P002, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44037A0839/00P002 | Flanders | 697 m² | 1 · 109 m² | 9.7 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.
Similar companies · same sector, comparable size
A.R.O. DISTRIBUTIONS
BE 0437.430.507
Herstal · Eq €100k
FOOD MADE IN ITALY
BE 0733.649.008
Brussel · Eq €100k
LinkK
BE 0645.875.290
Brugge · Eq €101k
SIRIS
BE 0760.307.081
Schoten · Eq €100k
GRIND24
BE 0760.515.731
Maasmechelen · Eq €100k
Of 1,640 companies in sector 46170 we hold annual accounts for 671. 466 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-04-2014
Fiscal year end31-03
Trade name NL
't Machels Bierzolderke
Activities, NACEBEL
46170Agents in the wholesale of food, beverages and tobacco
46349Wholesale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.