BAI

Active

Private limited companyfounded 200223 yrs activePrins Boudewijnlaan 21D, 2550 Kontich, BelgiumKBO/BCE: BE 0478.996.787

The computed 12-month bankruptcy probability of BAI is 1.8% (moderate). The 2024 annual accounts show equity of €163k and a net result of €109k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 9623 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

48 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability70▲+19

Solvency41▲+12

Growth78=

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity short (current ratio 0.93 against 0.95 in 2023; short-term debt: 83.9% and cash: 2.1% of total assets), and 83.9% of the assets are financed with debt.

How do we compute the score and the probability?

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

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9623 sector peers (2024).

NBB · sector comparison

Position among 9623 sector peers

Solvency

better than 23%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 filings

Deviation from the deadline

2025

not confirmed

2024

27 d late

2023

69 d late

2022

70 d late

2021

109 d late

2020

61 d late

2019

53 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Turnover

€2.08M

EBIT margin

-0.5%

Net result

€109k▲ 24.8%

2023 · €88k

2018: €-26k 2019: €33k 2020: €-76k 2021: €-63k 2022: €35k 2023: €88k

2018 → 2024

Working capital

€-56k▲ 4.2%

2023 · €-59k

2018: €-66k 2019: €-22k 2020: €-93k 2021: €-148k 2022: €-130k 2023: €-59k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-6k-€-69k▼ 1,101%€-34k▲ 50.2%€53k€163k▲ 205%

Operating result€-57k-€-36k▲ 37.6%€71k€150k▲ 111%€152k▲ 1.7%

Net result€-76k-€-63k▲ 16.5%€35k€88k▲ 153%€109k▲ 24.8%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2024 is 2% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.01M

21.7%

78.3%

Fixed assets €219k▲ 54.8%

Current assets €789k▼ 29.3%

Equity and liabilities €1.01M

16.1%

83.9%

Equity €163k▲ 205%

Debt €845k▼ 29.8%

The debt ratio falls from 95.8% to 83.9%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€192k▲

2023 · €178k

Cash flow

€150k▲

2023 · €116k

Solvency

16.1%▲

2023 · 4.2%

Current ratio

0.93▼

2023 · 0.95

Quick ratio

0.44▼

2023 · 0.53

Debt / equity

5.20▼

2023 · 22.63

ROE

67.3%▼

2023 · 164.7%

ROA

10.9%▲

2023 · 7.0%

Interest coverage

4.51▲

2023 · 2.82

Debt

€845k▼

2023 · €1.20M

Debt ≤ 1 year

€845k▼

2023 · €1.18M

Income taxes

€4k▲

2023 · €349

Staff costs

€607k▲

2023 · €519k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.26M€1.01M▼

Fixed assets21/28€141k€219k▲

Tangible fixed assets22/27€105k€183k▲

Land and buildings22€4k€3k▼

Plant, machinery and equipment23€94k€173k▲

Furniture and vehicles24€7k€7k▲

Financial fixed assets28€36k€36k=

Current assets29/58€1.12M€789k▼

Stocks and contracts in progress3€490k€415k▼

Stocks30/36€490k€415k▼

Amounts receivable within one year40/41€544k€353k▼

Trade receivables40€507k€305k▼

Other amounts receivable41€37k€48k▲

Cash at bank and in hand54/58€82k€21k▼

Equity and liabilities

Total equity and liabilities10/49€1.26M€1.01M▼

Equity10/15€53k€163k▲

Contributions10/11€69k€69k=

Reserves13€2k€2k=

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€-17k€92k▲

Amounts payable17/49€1.20M€845k▼

Amounts payable within one year42/48€1.18M€845k▼

Current portion of amounts payable after more than one year42€150k€0▼

Financial debts43€92k€230k▲

Credit institutions430/8€92k€230k▲

Trade debts44€586k€438k▼

Suppliers440/4€586k€438k▼

Taxes, remuneration and social security45€127k€126k▼

Taxes450/3€73k€84k▲

Remuneration and social security454/9€54k€41k▼

Other amounts payable47/48€220k€51k▼

Accrued charges and deferred income492/3€29k€0▼

Income statement Code20232024

Remuneration, social security and pensions62€519k€607k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€40k▲

Other operating charges640/8€1k€3k▲

Gross operating margin9900€699k€803k▲

Operating profit (loss)9901€150k€152k▲

Financial income75/76B€2k€4k▲

Recurring financial income75€2k€4k▲

Financial charges65/66B€63k€43k▼

Recurring financial charges65€63k€43k▼

Profit (loss) for the period before taxes9903€88k€113k▲

Income taxes67/77€349€4k▲

Profit (loss) for the period9904€88k€109k▲

Profit (loss) for the period to be appropriated9905€88k€109k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-17k€92k▲

Profit (loss) brought forward from the previous period14P€-105k€-17k▲

Social balance

Average headcount (FTE)908710.812.9▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 17Financial 5Gazette 2Filings 10

2026

16-07

State Gazette act General meeting · Demerger

Accounting effect · Capital decrease

22-05

State Gazette act Capital · Corporate purpose

Board composition · Permanent representative

2025

27-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 27 days late

2024

31-12

Financial Highest result since 2018net €109k ▲24.8%

Operating result €152k, net result €109k, both a record.

31-12

Financial Equity above €150kEq €163k ▲205%

3 profitable years in a row build equity to €163k.

08-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 69 days late

2023

09-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 70 days late

2022

31-12

Financial Back to profitnet €35k

Net result €35k after 2 loss-making years.

17-11

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 109 days late

2021

30-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 61 days late

2020

31-12

Financial Weakest financial yearnet €-76k ▼333%

Net result drops to €-76k, the lowest in the series; recovery starts the following year.

22-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 53 days late

2019

31-12

Financial Back to profitnet €33k

Net result €33k after one loss-making year.

22-10

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 83 days late

2018

27-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

28-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 59 days late

2016

29-01

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Kontich · 7 establishment units since 2003

establishment approximate All 7 establishment units on the map

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.

Prins Boudewijnlaan 21D2550 Kontich

Ground area

2.0 ha

Building footprint

1.3 ha

Volume, LiDAR

156,108 m³

7 parcels, Brussels, Flanders · tallest building 29.0 m, ±7 floors. Linked by address, not a title deed.

7 establishment units

Prins Boudewijnlaan 21D, 2550 Kontich

NACE 22150

since 20032.114.826.068

BAI Antwerp

Hoogstraat 62-64, 2000 AntwerpenRetail trade

since 20112.251.931.709

Antwerp Fly Shop

Luchthavenlei 1, 2100 AntwerpenRetail trade

since 20162.251.931.808

Africashop

Leuvensesteenweg 13, 3080 TervurenRetail sale of souvenirs and religious articles

since 20182.300.952.539

KMSKA shop/coffeebar

Plaatsnijdersstraat 2, 2000 AntwerpenRetail trade

since 20222.334.597.681

koffiebar Hof Van Busleyden

Frederik de Merodestraat 63, 2800 MechelenRetail trade

since 20242.356.099.712

Show 1 more locations

Flandersshop by Bai

Grasmarkt 61, 1000 BrusselRetail trade

since 20242.359.525.889

7 parcels

Flanders 6 (85.7%) Brussels 1 (14.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24104C0055/00B000 ProtectedCultural-historical landscape · MonumentPark van TervurenSource ↗	Flanders	1.4 ha	1 · 7,485 m²	29.0 m · 5 fl.
11346B0773/00T004	Flanders	3,899 m²	1 · 4,663 m²	19.3 m · 2 fl.
21004A0421/00C000	Brussels	772 m²	1 · 665 m²	24.2 m · 7 fl.
11811L3613/00Y003	Flanders	562 m²	1 · 280 m²	17.6 m · 5 fl.
11024B0072/00V002	Flanders	402 m²	-	-
11804D0150/00F000 ProtectedMonumentHuis den PeerboomSource ↗	Flanders	245 m²	1 · 53 m²	-
12025B0124/00A000 ProtectedMonument · Townscape or village viewGoswin de Stassartstraat en aanpalende stratenSource ↗	Flanders	83 m²	1 · 83 m²	13.7 m · 3 fl.