BARDOEL

Active

Public limited companyfounded 1981active for 44 yearsKrommebeekstraat 41, 8930 Menen, Belgium11 active companies are registered at this addressKBO/BCE: BE 0422.198.141

From the official registers: KBO 44 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of BARDOEL is 10.5% (high). The 2025 annual accounts show negative equity (-€49,118) and a net result of -€161,183. Equity is shrinking by about 29% per year across the filed financial years. Its solvency ranks better than 11% of 256 sector peers (NACE 38, financial year 2025). The company has been active since 1981 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

BARDOELActiveChecked score 29/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 11-12-1981 Normal situation
Legal form: Public limited company
Registered office: Krommebeekstraat 41, 8930 Menen
Activity: Materials recovery from waste NACE 38210and 1 other
Establishment unit: 2.019.711.333 8710 Wielsbeke, since 01-01-1982
Financial year end: 31 December
Peppol: Reachable

Company details

Who decides

Board

VALTECHChair · permanent representative VANDEPUTTE Peter Maurits Paul Maria
THE COACHING LOOPManaging director · permanent representative VANDEPUTTE Frank Herman Dominiek

Shareholders

VALTECH100%act of 07-10-2026

Board & ownership

How it is doing

29 Weak Checked score 2025

Bankruptcy probabilitywithin 12 months: 10.5%

Annual accounts 2025

Gross margin: €354,109; ▲ 110%
Turnover: ≈ €840,000; estimated
Loss: €161,183; ▲ 413%
Equity: -€49,118
Total assets: €1.7m; ▲ 44.3%
Staff: 3.8 FTE

2025 accounts 52 days early

Filed on 09-06-2026PDF

Financials

Why 29raises riskNegative equity -€49,1182 changes of registered office in 24 monthsLoss of €161,183, the second in a row (financial year 2025)Sector: Waste collection, recovery and disposal activities (NACE 38)Show the evidence

Checked score

Score 2025

29 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 13% of its sector peers (NACE 38, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 22-13

equity -3.0% of total assets

Liquidity 0-16

short-term debt 102.2% · cash 0.0%

Profitability 43-12

return on assets -9.7%

Bankruptcy probability, 12 months

10.5% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (519 companies, NACE 38, micro)

Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 1.3%▲ +0.6 percentage points vs 01-2025 03-2025: 1.3%● unchanged vs 02-2025 04-2025: 1.3%● unchanged vs 03-2025 05-2025: 1.4%▲ +0.1 percentage points vs 04-2025 06-2025: 1.3%▼ -0.1 percentage points vs 05-2025 07-2025: 0.7%▼ -0.6 percentage points vs 06-2025lowest value 08-2025: 0.7%● unchanged vs 07-2025lowest value 09-2025: 0.7%● unchanged vs 08-2025lowest value 10-2025: 2.4%▲ +1.7 percentage points vs 09-2025 11-2025: 2.4%● unchanged vs 10-2025 12-2025: 2.4%● unchanged vs 11-2025 01-2026: 2.4%● unchanged vs 12-2025 02-2026: 2.5%▲ +0.1 percentage points vs 01-2026 03-2026: 2.5%● unchanged vs 02-2026 04-2026: 2.6%▲ +0.1 percentage points vs 03-2026 05-2026: 2.7%▲ +0.1 percentage points vs 04-2026 06-2026: 2.7%● unchanged vs 05-2026 07-2026: 10.5%▲ +7.8 percentage points vs 06-2026highest value 08-2026: 10.5%● unchanged vs 07-2026highest value 09-2026: 10.5%● unchanged vs 08-2026highest value 10-2026: 10.5%● unchanged vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.18, compared with 0.72 in 2024, below 1; short-term debt: 102.2% and cash: 0% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, micro): better than 14% on solvency, 1% on liquidity, 30% on profitability and 6% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

raises riskneutral

Negative equity -€49,118

NBB · annual accounts

2 changes of registered office in 24 months

Belgian Official Gazette

Loss of €161,183, the second in a row (financial year 2025)

NBB · annual accounts

Sector: Waste collection, recovery and disposal activities (NACE 38)

KBO

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€49,118

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

52 days early

2024

50 days early

2023

33 days early

2022

46 days early

2021

27 days early

2020

44 days early

2019

51 days early

← 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 43 days before the deadline; the sector median (NACE 38) for financial year 2024 is 8 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€49,118 View
Risk: 3 loss-making years in a rowloss financial year 2025 -€161,183 View
Caution: Result fell in 2025from -€31,392 to -€161,183 ▼ 413% View
Caution: Among the weakest 10% on equitysector median €623,562 · 256 companies -€49,118 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Documents

Key facts about BARDOEL

What is the company number of BARDOEL?: 0422.198.141. In Belgium the VAT number is the company number with BE in front: BE 0422.198.141.
Where is BARDOEL based?: The registered office is at Krommebeekstraat 41, 8930 Menen.Company details
What does BARDOEL do?: According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
What is the legal form of BARDOEL?: Public limited company (NV).
When was BARDOEL founded?: On 11-12-1981.
Is BARDOEL still active?: Yes, BARDOEL is an active enterprise in the KBO register.
How many employees does BARDOEL have?: On average 3.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of BARDOEL?: ≈ €840,000 in financial year 2025. Estimated from the gross margin of €354,109: probably between €500,000 and €1.4m, based on 2,285 comparable companies of the same size. A rough estimate.
Is BARDOEL profitable?: In financial year 2025, BARDOEL made a loss of €161,183.
Where can I find the annual accounts of BARDOEL?: BARDOEL filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of BARDOEL due?: By 31-07-2027, for financial year 2026.Timeline