BAERT G.E.
ActiveBAERT G.E. has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.92M and a net result of €326k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 90% of 396 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+13
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 6.39 against 4.07 in 2024), and 14.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
85.1%
Return on assets
14.5%
Age of the figures
11 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
55 d early
2023
53 d early
2022
51 d early
2021
36 d early
2020
66 d early
2019
59 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.92M▲ 13.4%
2024 · €1.69M
2018: €945k
2019: €1.04M
2020: €818k
2021: €1.02M
2022: €1.33M
2023: €1.52M
2024: €1.69M
2018 → 2025
Total assets
€2.25M▲ 2.0%
2024 · €2.21M
2018: €1.30M
2019: €1.31M
2020: €1.53M
2021: €1.56M
2022: €1.96M
2023: €2.00M
2024: €2.21M
2018 → 2025
Net result
€326k▲ 34.5%
2024 · €242k
2018: €71k
2019: €99k
2020: €134k
2021: €202k
2022: €310k
2023: €263k
2024: €242k
2018 → 2025
Working capital
€1.80M▲ 17.8%
2024 · €1.53M
2018: €628k
2019: €784k
2020: €569k
2021: €726k
2022: €1.07M
2023: €1.28M
2024: €1.53M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.02M-€1.33M▲ 30.4%€1.52M▲ 14.3%€1.69M▲ 11.2%€1.92M▲ 13.4%
Operating result€249k-€432k▲ 73.7%€361k▼ 16.3%€335k▼ 7.3%€440k▲ 31.2%
Net result€202k-€310k▲ 53.2%€263k▼ 15.2%€242k▼ 7.9%€326k▲ 34.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 31% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.25M
Fixed assets
€115k▼ 35.6%
Current assets
€2.14M▲ 5.3%
Equity and liabilities €2.25M
Equity
€1.92M▲ 13.4%
Debt
€335k▼ 35.2%
The debt ratio falls from 23.4% to 14.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€548k▲
2024 · €452k
Cash flow
€434k▲
2024 · €359k
Solvency
85.1%▲
2024 · 76.6%
Current ratio
6.39▲
2024 · 4.07
Quick ratio
5.89▲
2024 · 3.75
Debt / equity
0.17▼
2024 · 0.31
ROE
17.0%▲
2024 · 14.3%
ROA
14.5%▲
2024 · 11.0%
Interest coverage
53.53▼
2024 · 81.21
Debt
€335k▼
2024 · €516k
Debt ≤ 1 year
€335k▼
2024 · €499k
Income taxes
€150k▲
2024 · €112k
Staff costs
€1.10M▲
2024 · €870k
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€2.21M€2.25M▲
Fixed assets21/28€178k€115k▼
Tangible fixed assets22/27€178k€115k▼
Plant, machinery and equipment23€92k€36k▼
Furniture and vehicles24€69k€71k▲
Other tangible fixed assets26€17k€8k▼
Financial fixed assets28€120€120=
Current assets29/58€2.03M€2.14M▲
Stocks and contracts in progress3€157k€166k▲
Stocks30/36€40k€44k▲
Contracts in progress37€118k€122k▲
Amounts receivable within one year40/41€811k€822k▲
Trade receivables40€633k€676k▲
Other amounts receivable41€179k€146k▼
Cash at bank and in hand54/58€1.04M€1.11M▲
Deferred charges and accrued income490/1€21k€37k▲
Equity and liabilities
Total equity and liabilities10/49€2.21M€2.25M▲
Equity10/15€1.69M€1.92M▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€1.63M€1.85M▲
Non-distributable reserves130/1€31k€18k▼
Legal reserve130€31k-
Reserves not available under the articles1311€0€18k▲
Distributable reserves133€1.60M€1.83M▲
Amounts payable17/49€516k€335k▼
Amounts payable after more than one year17€17k-
Financial debts170/4€17k-
Amounts payable within one year42/48€499k€335k▼
Current portion of amounts payable after more than one year42€99k€75k▼
Trade debts44€357k€173k▼
Suppliers440/4€357k€173k▼
Taxes, remuneration and social security45€43k€86k▲
Taxes450/3€11k€46k▲
Remuneration and social security454/9€32k€40k▲
Income statement
Code20242025
Remuneration, social security and pensions62€870k€1.10M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117k€108k▼
Other operating charges640/8€10k€27k▲
Gross operating margin9900€1.33M€1.68M▲
Operating profit (loss)9901€335k€440k▲
Financial income75/76B€24k€46k▲
Recurring financial income75€24k€46k▲
Financial charges65/66B€6k€10k▲
Recurring financial charges65€6k€10k▲
Profit (loss) for the period before taxes9903€354k€475k▲
Income taxes67/77€112k€150k▲
Profit (loss) for the period9904€242k€326k▲
Profit (loss) for the period to be appropriated9905€242k€326k▲
Appropriation of the result
Profit (loss) to be appropriated9906€242k€326k▲
Transfer from equity791/2€71k€99k▲
Transfer to equity691/2€242k€326k▲
To other reserves6921€242k€326k▲
Profit to be distributed694/7€71k€99k▲
Return on contributions (dividend)694€71k€99k▲
Social balance
Average headcount (FTE)908718.419.9▲
The notes to these accounts (9 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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €326k ▲34.5%
Operating result €440k, net result €326k, both a record.
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €1MEq €1.02M ▲24.7%
4 profitable years in a row build equity to €1.02M.
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €1MEq €1.04M ▲10.5%
2 profitable years in a row build equity to €1.04M.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-03
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
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, Sint-Gillis-Waas · 1 establishment unit since 2004
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.
Zandstraat(SP) 599170 Sint-Gillis-WaasGround area
1,429 m²
Building footprint
1,099 m²
Volume, LiDAR
7,897 m³
Parcel 46022A0093/00G000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BAERT G.E.
since 20042.137.277.709
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46022A0093/00G000 | Flanders | 1,429 m² | 1 · 1,099 m² | 10.6 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 4,362 EUR awarded · 4,362 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 739 EUR | 1,052 EUR |
| 2024 | 1 | 638 EUR | 325 EUR |
| 2023 | 2 | 837 EUR | 895 EUR |
| 2022 | 2 | 2,148 EUR | 2,090 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Stagebonus (stopgezet)
Recognitions · licences · registrations
Recognised contractor
5 categoriesBAERT G.E. NV33659
Dual-learning approval
1 live approval · 3 endedMonteur sanitaire en verwarmingsinstallaties duaal (so)
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Of 1,805 companies in sector 42220 we hold annual accounts for 948. 301 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-05-2004
Fiscal year end30-09
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43221Plumbing work
45215
45332
43410Roofing work
45220
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.