BAUMAL ASSURANCES · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

BAUMAL ASSURANCES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €40k and a net result of €290k. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 34 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 34 sector peers (2025).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-04-2026, 92 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	30-04-2026	92 d early	2026-00098339
31-12-2024	31-07-2025	08-07-2025	23 d early	2025-00250295
31-12-2023	31-07-2024	19-06-2024	42 d early	2024-00150431
31-12-2022	31-07-2023	24-08-2023	24 d late	2023-00364207

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€40k-81.2%

Net result€290k+31.7%

Total assets€755k+6.7%

Solvency5.3%-24.7pp

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 30-04-2026 with the NBB · fiscal year 2025 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~5.8%/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 66 · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	5.3%	42.8%	better than 16% of 34 sector peers
Net result	€290k	€34k	better than 85% of 34 sector peers
Equity	€40k	€384k	better than 22% of 34 sector peers
Total assets	€755k	€1.22M	better than 33% of 34 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P16

Weakening position over 2022-2025 · n=34-100

Net result P85

Stable position over 2022-2025 · n=34-99

Equity P22

Stable position over 2022-2025 · n=34-100

Gross operating margin P65

Stable position over 2022-2024 · n=65-90

Describes the position versus peers, not a forecast.

Net profit

€290k

+31.7% 22-25

Total assets

€755k

+6.7% 22-25

Equity

€40k

-81.2% 22-25

Employees (FTE)

5

+2.0% 22-25

Staff costs

€285k

+3.8% 22-25

Income taxes

€98k

+32.3% 22-25

Dividends

€453k

+138.4% 22-25

Debt

€715k

+44.3% 22-25

Show 5 other metrics

Debt ≤ 1y

€534k

+88.8% 22-25

Debt > 1y

€182k

-14.1% 22-25

Solvency

5.3%

-82.3% 22-25

ROE

725.1%

+598.5% 22-25

ROA

38.5%

+23.4% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	n/a
EBITDA	n/a
Net profit	€290k
Cash flow	n/a
Staff costs	€285k
Income taxes	€98k
Dividends	€453k
Total assets	€755k
Equity	€40k
Debt	€715k
of which ≤ 1y	€534k
of which > 1y	€182k
Working capital	n/a
Employees (FTE)	5.2

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	5.3%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	38.5%
ROE	725.1%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €212k · 28.1% Current assets €543k · 71.9%

Equity & liabilities

Equity €40k · 5.3% Debt €715k · 94.7%

Full annual accounts (27 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€755k
Fixed assets	21/28	€212k
Formation expenses	20	€207
Intangible fixed assets	21	€191k
Tangible fixed assets	22/27	€21k
Financial fixed assets	28	€100
Current assets	29/58	€543k
Amounts receivable within one year	40/41	€75k
Investments	50/53	€122k
Cash & bank	54/58	€340k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€755k
Equity	10/15	€40k
Contributions / capital	10/11	€12k
Reserves	13	€13k
Accumulated profits (losses)	14	€14k
Amounts payable	17/49	€715k
Amounts payable after one year	17	€182k
Amounts payable within one year	42/48	€534k
Trade debts payable within one year	44	€6k
Income statement
Gross operating margin	9900	€729k
Operating result	9901	€386k
Financial income	75	€6k
Financial charges	65	€3k
Result before taxes	9903	€388k
Income taxes	67/77	€98k
Net result for the period	9904	€290k
Result to be appropriated	9905	€290k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

4 companies at this address See who is registered here

Establishment units

1 location

BAUMAL ASSURANCES

Grand-Rue 58, 6200 ChâteletOverige dienstverlenende activiteiten op het gebied van informatie, n.e. g.

since 20212.323.911.251

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area191 m²

Buildings1

Building footprint101 m²

Volume (LiDAR)940 m³

Tallest building12.0 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Wallonia 1 (100%)