Checked.be
Active
BE 0847.173.353Private limited company
BART BINA
Rue des Moulins 39 ·4000 Liège, Belgium· 14 yrs active
Sector: Plastering work
(43310)
Conclusion
BART BINA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €-3k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 57% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €117k |
| Net result | €-3k |
| Better than sector | 57% |
| Active | 14 yrs |
Financial profile
60
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
97
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
52
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€6k
estimate, not credit advice
Score history
86
2022
71
2023
100
2024
52
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.06 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.69 (≥ 1.0)
+5
Leverage
Debt/equity 0.86 (< 1.0)
+10
Profitability
Negatieve ROE -3%
-10
Interest coverage
Interest coverage 0.1× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 03-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~14.8%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.9% | 47.4% | |
| Net result | €-3k | €10k | |
| Equity | €117k | €60k | |
| Gross operating margin | €2k | €39k | |
| Staff costs | €0 | €40k |
€0
-
22-25
€83
-99.8%
22-25
€-3k
-
22-25
€26
-99.9%
22-25
€216k
+7.0%
22-25
€117k
-2.6%
22-25
€105k
-9.8%
22-25
€0
-
22-25
€2
-100.0%
22-25
€100k
+20.9%
22-25
€100k
+20.9%
22-25
2.06
-14.9%
22-25
1.69
-12.3%
22-25
53.9%
-9.0%
22-25
0.86
+24.1%
22-25
-2.6%
-
22-25
-1.4%
-
22-25
0.08
-99.8%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | €0 | - | €0 | - |
| EBITDA | €83 | €55k | €12k | €19k |
| Net profit | €-3k | €36k | €549 | €6k |
| Cash flow | €26 | €39k | €7k | €18k |
| Staff costs | €0 | €0 | - | - |
| Income taxes | €2 | €15k | €3k | €2k |
| Dividends | - | - | - | - |
| Total assets | €216k | €202k | €268k | €119k |
| Equity | €117k | €120k | €84k | €83k |
| Debt | €100k | €83k | €184k | €36k |
| of which ≤ 1y | €100k | €83k | €184k | €36k |
| of which > 1y | - | - | - | - |
| Working capital | €105k | €117k | €78k | €73k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 2.06 | 2.42 | 1.43 | 3.02 |
| Quick ratio | 1.69 | 1.93 | 1.12 | 2.53 |
| Working capital ratio | 48.8% | 57.8% | 29.2% | 60.9% |
| Solvency | 53.9% | 59.2% | 31.3% | 69.9% |
| Debt / equity | 0.86 | 0.69 | 2.19 | 0.43 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 0.08 | 38.26 | 9.21 | 33.56 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -1.4% | 17.7% | 0.2% | 4.8% |
| ROE | -2.6% | 29.8% | 0.7% | 6.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | 0.00 | - | 0.00 | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €216k | €202k | €268k | €119k |
| Fixed assets | 21/28 | €11k | €3k | €6k | €11k |
| Formation expenses | 20 | €0 | €0 | €0 | €0 |
| Tangible fixed assets | 22/27 | €11k | €3k | €6k | €11k |
| Financial fixed assets | 28 | €0 | - | - | - |
| Current assets | 29/58 | €205k | €199k | €262k | €109k |
| Stocks & contracts in progress | 3 | €36k | €40k | €57k | €18k |
| Amounts receivable within one year | 40/41 | €152k | €132k | €185k | €72k |
| Cash & bank | 54/58 | €15k | €25k | €18k | €17k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €216k | €202k | €268k | €119k |
| Equity | 10/15 | €117k | €120k | €84k | €83k |
| Contributions / capital | 10/11 | €7k | €7k | €7k | €7k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €108k | €111k | €76k | €75k |
| Amounts payable | 17/49 | €100k | €83k | €184k | €36k |
| Amounts payable within one year | 42/48 | €100k | €83k | €184k | €36k |
| Trade debts payable within one year | 44 | €74k | €56k | €180k | €33k |
| Income statement | |||||
| Turnover | 70 | €0 | - | €0 | - |
| Gross operating margin | 9900 | €2k | €57k | €16k | €23k |
| Operating result | 9901 | €-3k | €52k | €5k | €8k |
| Financial income | 75 | €965 | €14 | €76 | €265 |
| Financial charges | 65 | €1k | €1k | €1k | €577 |
| Result before taxes | 9903 | €-3k | €50k | €4k | €7k |
| Income taxes | 67/77 | €2 | €15k | €3k | €2k |
| Net result for the period | 9904 | €-3k | €36k | €549 | €6k |
| Result to be appropriated | 9905 | €-3k | €36k | €549 | €6k |
Legal Structure
| NACE primary | Plastering work(43310) |
| Legal form | Private limited company(610) |
| Incorporation | 05-07-2012 |
| Status | Active |
| Postal code | 4000 |
Establishment units
Rue des Moulins 39, 4000 Liège
since 20122.229.650.908
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62818G0460/00T006 | Wallonia | 172 m² | 1 · 76 m² | 10.9 m · 3 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-3k ▼109%
Net result drops to €-3k, the lowest in the series.
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 110 days late
2024
31-12
Financial
Highest result since 2022net €36k ▲6401%
Operating result €52k, net result €36k, both a record.
31-12
Financial
Equity above €100kEq €120k ▲42.5%
3 profitable years in a row build equity to €120k.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Plastering work43310Other building finishing work43350
Names & trade names
| Legal nameFR | BART BINA |
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