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Complete company report
Generated 15-08-2026
Active BE 0474.672.864Public limited company

BAROFA

Sint-Michielslaan 125 ·1040 Etterbeek, Belgium· 25 yrs active
Conclusion Checked

The KBO register records legal situation 013 for BAROFA (Register: dissolution or liquidation); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €1.37M and a net result of €-1.05M.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €1.37M
Net result €-1.05M
Active 25 yrs
Locations 1
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health3Profitability0Solvency100Growth78Stability32
43 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 3
Profitability 0
Solvency 100
Growth 78
Stability 32
Bankruptcy probability (12 mo) Checked model v1 · free

Dissolution or liquidation

The KBO register records that this company is being wound up. A twelve-month bankruptcy probability no longer says anything in that case, so we show no figure.

Risk Assessment rule-based
3 / 100
High riskRegister: dissolution or liquidation
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 013 for this company; it does not feed the figure above.
Components
· 1 administrative flag (+3)
Trust signals 1 signals
Register: dissolution or liquidation
The KBO register records legal situation 013 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags1 events
Late accounts filing
Health barometer FY 2020 · computed
3 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2020 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 21-12-2021 with the NBB · fiscal year 2020 · micro
€-1.50M€-1.00M€-500k€0Operating result 2018: €-5k€-5kNet result 2018: €-1.06M€-1.06MOperating result 2019: €-3k€-3kNet result 2019: €-1.06M€-1.06MOperating result 2020: €-3k€-3kNet result 2020: €-1.05M€-1.05M201820192020
Operating resultNet result
Net profit
€-1.05M
+0.5% 18-20
Total assets
€1.39M
+0.6% 18-20
Equity
€1.37M
+0.4% 18-20
Working capital
€1.37M
+0.4% 18-20
Debt
€18k
+16.8% 18-20
Debt ≤ 1y
€18k
+16.8% 18-20
Current ratio
77.70
-13.9% 18-20
Quick ratio
77.70
-13.9% 18-20
Solvency
98.7%
-0.2% 18-20
ROE
-76.7%
+0.9% 18-20
ROA
-75.7%
+1.1% 18-20
Figures by fiscal year
Fiscal year2020
Depositmicro
Revenue-
EBITDA-
Net profit€-1.05M
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€1.39M
Equity€1.37M
Debt€18k
of which ≤ 1y€18k
of which > 1y-
Working capital€1.37M
Employees (FTE)-
Ratios (computed)
2020
Current ratio77.70
Quick ratio77.70
Working capital ratio98.7%
Solvency98.7%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-75.7%
ROE-76.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€1.39M
Current assets 29/58€1.39M
Amounts receivable within one year 40/41€1.39M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.39M
Equity 10/15€1.37M
Contributions / capital 10/11€62k
Reserves 13€2.36M
Accumulated profits (losses) 14€-1.05M
Amounts payable 17/49€18k
Amounts payable within one year 42/48€18k
Trade debts payable within one year 44€13k
Income statement
Gross operating margin 9900€-2k
Operating result 9901€-3k
Financial income 75€8k
Result before taxes 9903€6k
Net result for the period 9904€6k
Result to be appropriated 9905€6k
You are seeing the latest fiscal year only. 2 prior years (figures + ratios) are in a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Former directors (3)
  • Cristian Valcárcel Bernal
    Director
    State Gazette act 22084677 (13-07-2022)
    Former
    - → 13-07-2022
  • Javier Calzada Navar
    Director
    State Gazette act 22084677 (13-07-2022)
    Former
    - → 13-07-2022
  • Till Jaspert
    Director
    State Gazette act 22084677 (13-07-2022)
    Former
    - → 13-07-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation25-04-2001
StatusActive
Postal code1040
Establishment units 1 location
Delleurlaan 18, 1170 Watermaal-Bosvoorde
Financiële holdings
since 20012.098.574.511
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21652E0291/00W002 Brussels 1,004 m² 1 · 125 m² 14.3 m · 4 fl.
21362B0294/00W004 Brussels 282 m² 1 · 180 m² 25.1 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
08-09-2025
KBO administration Late accounts filing
2022
13-07-2022
State Gazette act Capital & shares
2021
21-12-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
21-12-2021
NBB filing Annual accounts filed
fiscal year 2019 · micro
21-12-2021
NBB filing Annual accounts filed
fiscal year 2018 · micro
21-12-2021
NBB filing Annual accounts filed
fiscal year 2017 · micro
21-12-2021
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
31-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
23-05-2016
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
03-10-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
2013
15-11-2013
NBB filing Annual accounts filed
fiscal year 2012 · volledig
2012
28-09-2012
NBB filing Annual accounts filed
fiscal year 2011 · volledig
Lifecycle & Insolvency Signals1 events
08-09-2025
KBO administration Late accounts filing
 · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-09-08 · KBO administration · Late accounts filing
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
Capital history · 1
13-07-2022
Capital change
All acts · 1 updated 4 years ago
2022
13-07-2022 Buyback of own shares Capital & shares
Technical details 
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  "events": [
    {
      "kind": "share_buyback",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "share_emission": {
        "agio_eur": null,
        "share_form": null,
        "share_class": null,
        "n_new_shares": null,
        "with_new_shares": false,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": 21.03
      },
      "decrease_purpose": null,
      "contribution_type": "inkoop_eigen_aandelen",
      "paid_up_delta_eur": null,
      "n_shares_destroyed": 27658,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2022-07-13",
    "filing_date": "2021-12-20",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": null,
    "unanimous": null,
    "under_authorized_capital": true,
    "underlying_resolution_date": "2021-12-20"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0474.672.864",
    "name_full": "BAROFA",
    "legal_form": "Soci\u00E9t\u00E9 anonyme",
    "is_foreign_registered": true
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": "Simont Braun",
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Cristian Valc\u00E1rcel Bernal",
      "role": "g\u00E9rant_statutaire",
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Till Jaspert",
      "role": "g\u00E9rant_statutaire",
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Javier Calzada Navar",
      "role": "g\u00E9rant_statutaire",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR BAROFA
Registered office
Sint-Michielslaan 125
1040 Etterbeek, Belgium
Registration history
  1. 08-09-2025 Late accounts filing
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative