BAS
ActiveSummary
BAS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.73M and a net result of €506k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 93% of 4659 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 9.74 against 5.26 in 2024; short-term debt: 3.3% and cash: 3.1% of total assets), and 13.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
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
86.7%
Return on assets
5.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-12-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
25 d early
2023
40 d early
2022
on the day
2021
on the day
2020
1 d late
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
In the rankings
#1 company by total assets in Waregem, Other services sector#1 company by equity in Waregem, Other services sector#7 oldest company in Waregem, Other services sector
Equity
€7.73M▲ 5.5%
2024 · €7.33M
Total assets
€8.92M▼ 0.1%
2024 · €8.93M
Net result
€506k▲ 10.2%
2024 · €459k
Working capital
€2.56M▲ 18.4%
2024 · €2.17M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€491k▲ 2.7%€493k▲ 0.5%€546k▲ 10.6%€518k▼ 5.1%€597k▲ 15.3%
Net result€296k▲ 319%€357k▲ 20.6%€551k▲ 54.5%€459k▼ 16.7%€506k▲ 10.2%
Equity€6.53M▲ 1.8%€6.55M▲ 0.3%€7.11M▲ 8.4%€7.33M▲ 3.1%€7.73M▲ 5.5%
Total assets€9.57M▼ 6.2%€9.07M▼ 5.2%€9.39M▲ 3.5%€8.93M▼ 4.8%€8.92M▼ 0.1%
Debt€2.69M▼ 21.2%€2.19M▼ 18.5%€1.92M▼ 12.1%€1.27M▼ 33.8%€878k▼ 31.1%
Working capital€1.86M▼ 7.9%€1.60M▼ 14.3%€2.11M▲ 32.0%€2.17M▲ 2.6%€2.56M▲ 18.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.92M
Fixed assets
€6.06M ▼ 3.1%
Current assets
€2.86M ▲ 6.8%
Equity and liabilities €8.92M
Equity
€7.73M ▲ 5.5%
Provisions
€312k ▼ 6.5%
Debt
€878k ▼ 31.1%
Debt's share of the balance-sheet total falls from 14.3% to 9.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€835k▲
2024 · €756k
Cash flow
€743k▲
2024 · €697k
Current ratio
9.74▲
2024 · 5.26
Debt to equity
0.11▼
2024 · 0.17
ROE
6.5%▲
2024 · 6.3%
ROA
5.7%▲
2024 · 5.1%
Interest coverage
14.50▼
2024 · 43.21
Debt ≤ 1 year
€293k▼
2024 · €509k
Debt > 1 year
€584k▼
2024 · €764k
Income taxes
€234k▲
2024 · €233k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €257k | €254k | €238k | €238k | €237k | ▼ 0.2% |
| Other operating charges640/8 | - | €37k | €36k | €41k | €36k | ▼ 11.9% |
| Gross operating margin9900 | €755k | €785k | €819k | €797k | €871k | ▲ 9.3% |
| Operating profit (loss)9901 | €491k | €493k | €546k | €518k | €597k | ▲ 15.3% |
| Financial income75/76B | - | €110k | €280k | €170k | €178k | ▲ 4.6% |
| Recurring financial income75 | €58k | €110k | €49k | €170k | €178k | ▲ 4.6% |
| Non-recurring financial income76B | - | - | €231k | €0 | - | - |
| Financial charges65/66B | - | €94k | €35k | €17k | €58k | ▲ 229% |
| Recurring financial charges65 | €108k | €94k | €35k | €17k | €58k | ▲ 229% |
| Profit (loss) for the period before taxes9903 | €441k | €509k | €791k | €671k | €718k | ▲ 7.0% |
| Transfer from deferred taxes780 | - | €22k | €26k | €22k | €22k | = |
| Transfer to deferred taxes680 | - | - | €58k | €0 | - | - |
| Income taxes67/77 | €167k | €174k | €208k | €233k | €234k | ▲ 0.2% |
| Profit (loss) for the period9904 | €296k | €357k | €551k | €459k | €506k | ▲ 10.2% |
| Transfer from tax-exempt reserves789 | - | €66k | €79k | €65k | €65k | = |
| Transfer to tax-exempt reserves689 | - | - | €174k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €363k | €423k | €457k | €525k | €572k | ▲ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.57M | €9.07M | €9.39M | €8.93M | €8.92M | ▼ 0.1% |
| Fixed assets21/28 | €7.13M | €6.91M | €6.50M | €6.26M | €6.06M | ▼ 3.1% |
| Tangible fixed assets22/27 | €7.13M | €6.91M | €6.50M | €6.26M | €6.06M | ▼ 3.1% |
| Land and buildings22 | - | €6.82M | €6.42M | €6.19M | €6.00M | ▼ 3.1% |
| Plant, machinery and equipment23 | - | €37k | €29k | €23k | €26k | ▲ 15.8% |
| Furniture and vehicles24 | - | €9k | €6k | €3k | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €40k | €44k | €43k | €41k | ▼ 3.2% |
| Current assets29/58 | €2.44M | €2.16M | €2.89M | €2.67M | €2.86M | ▲ 6.8% |
| Amounts receivable after more than one year29 | - | €269k | €128k | €8k | €2k | ▼ 75.8% |
| Other amounts receivable291 | - | €269k | €128k | €8k | €2k | ▼ 75.8% |
| Amounts receivable within one year40/41 | €68k | €79k | €86k | €38k | €167k | ▲ 345% |
| Trade receivables40 | - | €43k | €32k | €27k | €27k | = |
| Other amounts receivable41 | - | €35k | €54k | €11k | €140k | ▲ 1,224% |
| Current investments50/53 | €1.76M | €1.62M | €1.95M | €1.91M | €2.41M | ▲ 26.0% |
| Cash at bank and in hand54/58 | €348k | €181k | €725k | €713k | €275k | ▼ 61.4% |
| Deferred charges and accrued income490/1 | - | €8k | €4k | €6k | €5k | ▼ 8.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.57M | €9.07M | €9.39M | €8.93M | €8.92M | ▼ 0.1% |
| Equity10/15 | €6.53M | €6.55M | €7.11M | €7.33M | €7.73M | ▲ 5.5% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6.47M | €6.49M | €7.04M | €7.26M | €7.67M | ▲ 5.6% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €973k | €1.07M | €1.00M | €937k | ▼ 6.5% |
| Distributable reserves133 | - | €5.51M | €5.97M | €6.25M | €6.73M | ▲ 7.5% |
| Profit (loss) carried forward14 | €749 | €749 | €749 | €749 | €749 | = |
| Provisions and deferred taxes16 | €346k | €324k | €356k | €334k | €312k | ▼ 6.5% |
| Deferred taxes168 | - | €324k | €356k | €334k | €312k | ▼ 6.5% |
| Amounts payable17/49 | €2.69M | €2.19M | €1.92M | €1.27M | €878k | ▼ 31.1% |
| Amounts payable after more than one year17 | €2.11M | €1.63M | €1.15M | €764k | €584k | ▼ 23.5% |
| Financial debts170/4 | - | €1.63M | €1.15M | €764k | €584k | ▼ 23.5% |
| Amounts payable within one year42/48 | €573k | €563k | €779k | €509k | €293k | ▼ 42.4% |
| Current portion of amounts payable after more than one year42 | - | €481k | €482k | €382k | €180k | ▼ 52.8% |
| Trade debts44 | €9k | €3k | €211k | €16k | €31k | ▲ 88.8% |
| Suppliers440/4 | - | €3k | €211k | €16k | €31k | ▲ 88.8% |
| Taxes, remuneration and social security45 | - | €48k | €84k | €110k | €81k | ▼ 25.9% |
| Taxes450/3 | - | €48k | €84k | €110k | €81k | ▼ 25.9% |
| Other amounts payable47/48 | - | €32k | €945 | €945 | €945 | = |
| Accrued charges and deferred income492/3 | - | €150 | €0 | €670 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €296k | €357k | €551k | €459k | €506k | ▲ 10.2% |
| + Depreciation and write-downs630 | €257k | €254k | €238k | €238k | €237k | ▼ 0.2% |
| Operating cash flow (approximation) | €553k | €611k | €789k | €697k | €743k | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | €-31k | €172k | €0 | €-42k | - |
| Change in cash | - | €-166k | €543k | €-12k | €-438k | ▼ 3,667% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €551k ▲54.5%
Net result €551k, the highest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
30-06
Financial
Weakest financial yearnet €71k ▼61.8%
Net result drops to €71k, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
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.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Waregem · 1 establishment unit since 1997
Ground area
2,938 m²
Building footprint
1,097 m²
Volume, LiDAR
13,208 m³
2 parcels, Flanders · tallest building 29.5 m, ±9 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BAS
since 19972.044.215.018
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0680/00V000 | Flanders | 2,222 m² | 1 · 756 m² | 11.1 m · 2 fl. |
| 31332E0955/00_000 | Flanders | 717 m² | 1 · 341 m² | 29.5 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600LV7NHD5Q9R9G91
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Of 6,999 companies in sector 96999 we hold annual accounts for 602. 82 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-06-1989
Fiscal year end30-06
Activities, NACEBEL 2025
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.