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 has been shrinking by about 29% per year since 2018. 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.

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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

Board and ownership

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

Financial position

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 filed 52 days before the deadline

Filed on 09-06-2026PDF

Financials

Score breakdownraises 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 stronger than 13% of micro companies in waste collection and treatment (NACE 38)

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 within 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 is insufficient, with a current ratio of 0.18 (0.72 in 2024), below 1. Short-term debt is 102.2% and cash 0% of total assets. Equity is negative.

Calculation

The band follows from the bankruptcy probability. 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). It does better than 14% of them 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is 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

The company filed its last 7 accounts on average 43 days before the deadline. In the sector (NACE 38), the median for financial year 2024 was 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

That holds for every publication since 2021.

KBO publications

Key points

Risk: Negative equitydebts exceed assets in financial year 2025 -€49,118 View
Risk: 3 loss-making years in a rowloss in financial year 2025 -€161,183 View
Caution: Result fell in 2025from -€31,392 to -€161,183 ▼ 413% View
Caution: Less equity than 90% of companies in waste collection and treatmentsector 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?: The company number of BARDOEL is 0422.198.141. The VAT number is the same 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?: The legal form of BARDOEL is Public limited company (NV).
When was BARDOEL founded?: BARDOEL was 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?: BARDOEL had an average of 3.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of BARDOEL?: The turnover in financial year 2025 is ≈ €840,000. This figure is estimated from the gross margin of €354,109 and 2,285 comparable companies of the same size. It probably lies between €500,000 and €1.4m. It is 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?: BARDOEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Companies linked to BARDOEL

Parent and group

VALTECH100%

Comparable companies

These companies have the same main activity as BARDOEL: materials recovery from waste (NACE 38210). They are comparable in size and age: total assets between €1m and €1.7m, founded between 1970 and 1993.

Company	Total assets	Gross margin
BARDOEL Menen	€1.7m	€0.4m
WYFFELS SERVICES Waregem	€1.4m	€0.5m
Autobedrijf Hubert Waregem	€1.7m	€0.4m
MONSEU Braine-le-Château	€1.5m	€0.6m
CONTAINERVERHURING TERGA Ieper	€1.4m	€0.4m
ROMETA Westerlo	€1.4m	€0.6m
SOMALOUE INFRA Châtelet	€1.0m	€0.3m

Full comparison

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Overview