DE BAERE
ActiveDE BAERE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.51M and a net result of €-182k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 52% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▲+1
Solvency57▼-27
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity short (current ratio 0.23 against 13.73 in 2024; short-term debt: 30.4% and cash: 0.9% of total assets), and 68.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
31.9%
Return on assets
-3.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-182k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-04-2026, 107 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
107 d early
2024
104 d early
2023
104 d early
2022
115 d early
2021
131 d early
2020
122 d early
2019
116 d early
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.51M▼ 10.8%
2024 · €1.69M
2018: €524k
2019: €514k
2020: €557k
2021: €2.04M
2022: €2.01M
2023: €1.78M
2024: €1.69M
2018 → 2025
Total assets
€4.73M▲ 66.2%
2024 · €2.85M
2018: €1.12M
2019: €978k
2020: €1.04M
2021: €3.97M
2022: €3.63M
2023: €3.00M
2024: €2.85M
2018 → 2025
Net result
€-182k▼ 93.3%
2024 · €-94k
2018: €725k
2019: €-10k
2020: €43k
2021: €1.48M
2022: €-28k
2023: €-79k
2024: €-94k
2018 → 2025
Working capital
€-1.11M
2024 · €1.21M
2018: €453k
2019: €346k
2020: €273k
2021: €2.34M
2022: €1.49M
2023: €1.22M
2024: €1.21M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.04M-€2.01M▼ 1.4%€1.78M▼ 11.2%€1.69M▼ 5.3%€1.51M▼ 10.8%
Operating result€1.90M-€-51k€-109k▼ 114%€-104k▲ 4.4%€-209k▼ 101%
Net result€1.48M-€-28k€-79k▼ 183%€-94k▼ 19.6%€-182k▼ 93.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €209k in 2025 against €104k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.73M
Fixed assets
€4.41M▲ 185%
Current assets
€326k▼ 75.0%
Equity and liabilities €4.73M
Equity
€1.51M▼ 10.8%
Provisions
€593k▼ 3.7%
Debt
€2.63M▲ 385%
The debt ratio rises from 19.0% to 55.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30k▲
2024 · €27k
Cash flow
€57k▲
2024 · €37k
Solvency
31.9%▼
2024 · 59.4%
Current ratio
0.23▼
2024 · 13.73
Quick ratio
0.23▼
2024 · 13.73
Debt / equity
1.74▲
2024 · 0.32
ROE
-12.1%▼
2024 · -5.6%
ROA
-3.9%▼
2024 · -3.3%
Interest coverage
1.87▲
2024 · 1.74
Debt
€2.63M▲
2024 · €542k
Debt ≤ 1 year
€1.44M▲
2024 · €95k
Debt > 1 year
€1.19M▲
2024 · €447k
Income taxes
€9k▼
2024 · €28k
Staff costs
€0▼
2024 · €175
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.85M€4.73M▲
Fixed assets21/28€1.54M€4.41M▲
Tangible fixed assets22/27€1.54M€4.41M▲
Land and buildings22€1.44M€4.25M▲
Plant, machinery and equipment23€21k€79k▲
Furniture and vehicles24€82k€75k▼
Current assets29/58€1.30M€326k▼
Amounts receivable after more than one year29€1.25M€250k▼
Other amounts receivable291€1.25M€250k▼
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40€2k€3k▲
Cash at bank and in hand54/58€17k€42k▲
Deferred charges and accrued income490/1€35k€32k▼
Equity and liabilities
Total equity and liabilities10/49€2.85M€4.73M▲
Equity10/15€1.69M€1.51M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.85M€1.78M▼
Non-distributable reserves130/1€193€193=
Legal reserve130€193€193=
Tax-exempt reserves132€1.85M€1.78M▼
Profit (loss) carried forward14€-218k€-333k▼
Provisions and deferred taxes16€616k€593k▼
Deferred taxes168€616k€593k▼
Amounts payable17/49€542k€2.63M▲
Amounts payable after more than one year17€447k€1.19M▲
Financial debts170/4€442k€1.19M▲
Other amounts payable178/9€5k€5k=
Amounts payable within one year42/48€95k€1.44M▲
Current portion of amounts payable after more than one year42€25k€55k▲
Financial debts43-€1.20M
Credit institutions430/8-€1.20M
Trade debts44€5k€10k▲
Suppliers440/4€5k€10k▲
Advances received on contracts in progress46€2k€138▼
Taxes, remuneration and social security45€32k€40k▲
Taxes450/3€32k€40k▲
Other amounts payable47/48€30k€135k▲
Income statement
Code20242025
Remuneration, social security and pensions62€175€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€240k▲
Other operating charges640/8€30k€24k▼
Gross operating margin9900€57k€55k▼
Operating profit (loss)9901€-104k€-209k▼
Financial income75/76B€33k€30k▼
Recurring financial income75€33k€30k▼
Financial charges65/66B€15k€16k▲
Recurring financial charges65€15k€16k▲
Profit (loss) for the period before taxes9903€-87k€-196k▼
Transfer from deferred taxes780€21k€22k▲
Income taxes67/77€28k€9k▼
Profit (loss) for the period9904€-94k€-182k▼
Transfer from tax-exempt reserves789€62k€67k▲
Profit (loss) for the period to be appropriated9905€-32k€-115k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-218k€-333k▼
Profit (loss) brought forward from the previous period14P€-186k€-218k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-182k
Net result drops to €-182k, the lowest in the series.
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 12.94
Current ratio from 4.28 to 12.94; short-term debt falls from €456k to €103k.
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €1.48M ▲3316%
Operating result €1.90M, net result €1.48M, both a record.
31-12
Financial
Equity above €2MEq €2.04M ▲266%
2 profitable years in a row build equity to €2.04M.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Knokke-Heist · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zeedijk-Knokke 8008300 Knokke-HeistGround area
3,619 m²
Building footprint
3,148 m²
Volume, LiDAR
70,079 m³
Parcel 31013A0767/00G000, Flanders · tallest building 43.4 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
DE BAERE
since 19872.216.470.487
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0767/00G000 | Flanders | 3,619 m² | 1 · 3,148 m² | 43.4 m · 7 fl. |
Linked by address, not proof of ownership
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.
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,567 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-11-1987
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.