BA3RD
ActiveSummary
BA3RD has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €373k and a net result of €145k. Equity is growing by ~81.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▼-2
Solvency85▲+15
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.69 against 2.14 in 2024; short-term debt: 9.5% and cash: 41% of total assets), and 40% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
60%
Return on assets
23.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 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 · 3 filingsDeviation from the deadline
2025
42 d late
2024
30 d early
2023
64 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, micro schema
Equity
€373k▲ 63.6%
2024 · €228k
2023: €-108lowest in 3 years
2024: €228k▲ +210601% vs 2023
2025: €373k▲ +63.6% vs 2024highest in 3 years
2023 → 2025
Total assets
€621k▲ 23.7%
2024 · €502k
2023: €6klowest in 3 years
2024: €502k▲ +8272% vs 2023
2025: €621k▲ +23.7% vs 2024highest in 3 years
2023 → 2025
Net result
€145k▼ 36.4%
2024 · €228k
2023: €-2klowest in 3 years
2024: €228k▲ +14268% vs 2023highest in 3 years
2025: €145k▼ -36.4% vs 2024
2023 → 2025
Working capital
€219k▲ 209%
2024 · €71k
2023: €-1klowest in 3 years
2024: €71k▲ +4870% vs 2023
2025: €219k▲ +209% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-108-€228k€373k▲ 63.6%
2023: €-108lowest in 3 years
2024: €228k▲ +210601% vs 2023
2025: €373k▲ +63.6% vs 2024highest in 3 years
Operating result€-1k-€306k€196k▼ 35.9%
2023: €-1klowest in 3 years
2024: €306k▲ +21839% vs 2023highest in 3 years
2025: €196k▼ -35.9% vs 2024
Net result€-2k-€228k€145k▼ 36.4%
2023: €-2klowest in 3 years
2024: €228k▲ +14268% vs 2023highest in 3 years
2025: €145k▼ -36.4% vs 2024
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 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €621k
Fixed assets
€343k ▼ 7.0%
Current assets
€278k ▲ 109%
Equity and liabilities €621k
Equity
€373k ▲ 63.6%
Debt
€249k ▼ 9.4%
Debt's share of the balance-sheet total falls from 54.6% to 40.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€222k▼
2024 · €338k
Cash flow
€171k▼
2024 · €260k
Current ratio
4.69▲
2024 · 2.14
Debt to equity
0.67▼
2024 · 1.20
ROE
38.9%▼
2024 · 100.0%
ROA
23.3%▼
2024 · 45.4%
Interest coverage
27.64▼
2024 · 36.13
Debt ≤ 1 year
€59k▼
2024 · €62k
Debt > 1 year
€189k▼
2024 · €212k
Income taxes
€43k▼
2024 · €70k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€502k€621k▲
Fixed assets21/28€369k€343k▼
Tangible fixed assets22/27€369k€343k▼
Land and buildings22€314k€302k▼
Furniture and vehicles24€54k€41k▼
Financial fixed assets28€400€400=
Current assets29/58€133k€278k▲
Amounts receivable within one year40/41€6k€19k▲
Trade receivables40€36€2k▲
Other amounts receivable41€6k€17k▲
Cash at bank and in hand54/58€124k€255k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€502k€621k▲
Equity10/15€228k€373k▲
Contributions10/11€2k€2k=
Reserves13€226k€371k▲
Distributable reserves133€226k€371k▲
Amounts payable17/49€274k€249k▼
Amounts payable after more than one year17€212k€189k▼
Financial debts170/4€212k€189k▼
Amounts payable within one year42/48€62k€59k▼
Current portion of amounts payable after more than one year42€23k€23k▲
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€36k€35k▼
Taxes450/3€36k€35k▼
Accrued charges and deferred income492/3-€686
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€26k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€340k€224k▼
Operating profit (loss)9901€306k€196k▼
Financial income75/76B€1k€182▼
Recurring financial income75€1k€182▼
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€298k€188k▼
Income taxes67/77€70k€43k▼
Profit (loss) for the period9904€228k€145k▼
Profit (loss) for the period to be appropriated9905€228k€145k▼
Appropriation of the result
Profit (loss) to be appropriated9906€226k€145k▼
Profit (loss) brought forward from the previous period14P€-2k€0▲
Transfer to equity691/2€226k€145k▼
To other reserves6921€226k€145k▼
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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €32k | €26k | ▼ 20.0% |
| Other operating charges640/8 | - | €2k | €2k | ▼ 18.4% |
| Gross operating margin9900 | €-1k | €340k | €224k | ▼ 34.3% |
| Operating profit (loss)9901 | €-1k | €306k | €196k | ▼ 35.9% |
| Financial income75/76B | €8 | €1k | €182 | ▼ 87.3% |
| Recurring financial income75 | €8 | €1k | €182 | ▼ 87.3% |
| Financial charges65/66B | €209 | €9k | €8k | ▼ 14.3% |
| Recurring financial charges65 | €209 | €9k | €8k | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | €-2k | €298k | €188k | ▼ 36.8% |
| Income taxes67/77 | - | €70k | €43k | ▼ 38.2% |
| Profit (loss) for the period9904 | €-2k | €228k | €145k | ▼ 36.4% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €228k | €145k | ▼ 36.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €6k | €502k | €621k | ▲ 23.7% |
| Fixed assets21/28 | €1k | €369k | €343k | ▼ 7.0% |
| Tangible fixed assets22/27 | €1k | €369k | €343k | ▼ 7.0% |
| Land and buildings22 | - | €314k | €302k | ▼ 4.0% |
| Furniture and vehicles24 | €1k | €54k | €41k | ▼ 24.6% |
| Financial fixed assets28 | - | €400 | €400 | = |
| Current assets29/58 | €5k | €133k | €278k | ▲ 109% |
| Amounts receivable within one year40/41 | €3k | €6k | €19k | ▲ 235% |
| Trade receivables40 | €3k | €36 | €2k | ▲ 6,294% |
| Other amounts receivable41 | €274 | €6k | €17k | ▲ 197% |
| Cash at bank and in hand54/58 | €222 | €124k | €255k | ▲ 105% |
| Deferred charges and accrued income490/1 | €1k | €3k | €4k | ▲ 37.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €6k | €502k | €621k | ▲ 23.7% |
| Equity10/15 | €-108 | €228k | €373k | ▲ 63.6% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | - | €226k | €371k | ▲ 64.0% |
| Distributable reserves133 | - | €226k | €371k | ▲ 64.0% |
| Profit (loss) carried forward14 | €-2k | - | - | - |
| Amounts payable17/49 | €6k | €274k | €249k | ▼ 9.4% |
| Amounts payable after more than one year17 | - | €212k | €189k | ▼ 11.0% |
| Financial debts170/4 | - | €212k | €189k | ▼ 11.0% |
| Amounts payable within one year42/48 | €6k | €62k | €59k | ▼ 4.9% |
| Current portion of amounts payable after more than one year42 | - | €23k | €23k | ▲ 1.7% |
| Trade debts44 | €1k | €4k | €1k | ▼ 70.9% |
| Suppliers440/4 | €1k | €4k | €1k | ▼ 70.9% |
| Taxes, remuneration and social security45 | - | €36k | €35k | ▼ 2.6% |
| Taxes450/3 | - | €36k | €35k | ▼ 2.6% |
| Other amounts payable47/48 | €5k | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €686 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €228k | €145k | ▼ 36.4% |
| + Depreciation and write-downs630 | - | €32k | €26k | ▼ 20.0% |
| Operating cash flow (approximation) | €-2k | €260k | €171k | ▼ 34.4% |
| Investment in fixed assets (approximation) | - | €-400k | €0 | ▲ 100% |
| Change in cash | - | €124k | €130k | ▲ 5.1% |
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
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 42 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 4.69
Current ratio from 2.14 to 4.69; short-term debt falls from €62k to €59k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €228k
Net result €228k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.14
Current ratio from 0.76 to 2.14.
31-12
Financial
Equity above €200kEq €228k
Equity rises from €-108 to €228k.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Koksijde · 1 establishment unit since 2023
Ground area
1,045 m²
Building footprint
161 m²
Volume, LiDAR
808 m³
Parcel 38018A0198/00L000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BA3RD
since 20232.345.008.553
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018A0198/00L000 | Flanders | 1,045 m² | 1 · 161 m² | 8.0 m · 2 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
Fingry
BE 0808.487.476
Koksijde · Eq €372,694
RION
BE 0802.094.384
Dentergem · Eq €372,050
Cool-Cuyvers
BE 0412.847.836
Turnhout · Eq €371,983
Medo Management
BE 0761.958.457
Maaseik · Eq €371,947
VAN HERCK
BE 0556.924.312
Diest · Eq €373,675
Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 2,280 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
Founded11-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.