De Baets Mechaniek
ActiveThe computed 12-month bankruptcy probability of De Baets Mechaniek is 2.4% (moderate). The 2025 annual accounts show equity of €154k and a net result of €22k. Equity is growing by ~50.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 478 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-10
Solvency39▲+2
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.82 against 1.2 in 2024; short-term debt: 18.9% and cash: 1.5% of total assets), and 86.5% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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
13.5%
Return on assets
2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 478 sector peers (2025).
NBB · sector comparisonPosition among 478 sector peers
Solvency
better than 20%
← weakest
strongest →
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 05-06-2026, 56 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
56 d early
2024
35 d early
2023
26 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€678k▼ 26.8%
2024 · €926k
2024: €926k
2024 → 2025
EBIT margin
7.9%▼ 9.8pp
2024 · 17.7%
2024: 17.7%
2024 → 2025
Net result
€22k▼ 79.5%
2024 · €110k
2023: €11k
2024: €110k
2023 → 2025
Working capital
€-39k
2024 · €34k
2023: €-92k
2024: €34k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€926k€678k▼ 26.8%
Equity€21k-€131k▲ 516%€154k▲ 17.1%
Operating result€37k-€164k▲ 340%€54k▼ 67.2%
Net result€11k-€110k▲ 873%€22k▼ 79.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.14M
Fixed assets
€961k▲ 8.9%
Current assets
€176k▼ 13.9%
Equity and liabilities €1.14M
Equity
€154k▲ 17.1%
Debt
€983k▲ 2.9%
The debt ratio falls from 87.9% to 86.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€142k▼
2024 · €231k
Cash flow
€110k▼
2024 · €177k
Solvency
13.5%▲
2024 · 12.1%
Current ratio
0.82▼
2024 · 1.20
Quick ratio
0.78▼
2024 · 1.15
Debt / equity
6.40▼
2024 · 7.28
ROE
14.6%▼
2024 · 83.8%
ROA
2.0%▼
2024 · 10.1%
Interest coverage
5.43▼
2024 · 9.24
Debt
€983k▲
2024 · €956k
Debt ≤ 1 year
€215k▲
2024 · €170k
Debt > 1 year
€767k▼
2024 · €785k
Income taxes
€5k▼
2024 · €29k
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€1.09M€1.14M▲
Fixed assets21/28€883k€961k▲
Intangible fixed assets21€733€633▼
Tangible fixed assets22/27€882k€961k▲
Land and buildings22€741k€730k▼
Plant, machinery and equipment23€96k€138k▲
Furniture and vehicles24€44k€93k▲
Current assets29/58€204k€176k▼
Stocks and contracts in progress3€8k€9k▲
Stocks30/36€8k€9k▲
Amounts receivable within one year40/41€122k€145k▲
Trade receivables40€121k€128k▲
Other amounts receivable41€697€16k▲
Cash at bank and in hand54/58€66k€17k▼
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.14M▲
Equity10/15€131k€154k▲
Contributions10/11€10k€10k=
Reserves13€121k€144k▲
Distributable reserves133€121k€144k▲
Amounts payable17/49€956k€983k▲
Amounts payable after more than one year17€785k€767k▼
Financial debts170/4€785k€767k▼
Amounts payable within one year42/48€170k€215k▲
Current portion of amounts payable after more than one year42€65k€90k▲
Financial debts43-€7k
Credit institutions430/8-€7k
Trade debts44€42k€43k▲
Suppliers440/4€42k€43k▲
Taxes, remuneration and social security45€49k€11k▼
Taxes450/3€49k€11k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€15k€63k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Turnover70€926k€678k▼
Non-recurring operating income76A€0-
Goods, raw materials, services and sundry goods60/61€692k€532k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€88k▲
Other operating charges640/8€8k€10k▲
Gross operating margin9900€240k€152k▼
Operating profit (loss)9901€164k€54k▼
Financial income75/76B€82€60▼
Recurring financial income75€82€60▼
Financial charges65/66B€25k€26k▲
Recurring financial charges65€25k€26k▲
Profit (loss) for the period before taxes9903€139k€28k▼
Income taxes67/77€29k€5k▼
Profit (loss) for the period9904€110k€22k▼
Profit (loss) for the period to be appropriated9905€110k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€110k€22k▼
Transfer to equity691/2€110k€22k▼
To other reserves6921€110k€22k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (28 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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150kEq €154k ▲17.1%
3 profitable years in a row build equity to €154k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2023net €110k ▲873%
Operating result €164k, net result €110k, both a record.
31-12
Financial
Equity above €100kEq €131k ▲516%
2 profitable years in a row build equity to €131k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Evergem · 2 establishment units since 2022
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.
Wittemoer 209940 EvergemGround area
6.6 ha
Building footprint
3,871 m²
Volume, LiDAR
786 m³
2 parcels, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
De Baets Mechaniek
since 20222.331.482.003
De Baets Mechaniek
since 20232.356.143.064
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44066D2599/00A000 | Flanders | 6.5 ha | 1 · 3,712 m² | - |
| 44072C1310/00H000 | Flanders | 839 m² | 1 · 160 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 207 EUR awarded · 207 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 207 EUR | 207 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Putseys
BE 0730.760.188
Sint-Truiden · Eq €154k
VAMAREIN
BE 0440.447.207
Pittem · Eq €154k
Frigro Services
BE 0675.916.982
Wevelgem · Eq €153k
Bremi Technicks
BE 1000.341.006
Londerzeel · Eq €155k
Mechanicus
BE 1009.914.906
Aalst · Eq €153k
Of 3,714 companies in sector 33120 we hold annual accounts for 1,341. 1,136 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-04-2022
Fiscal year end31-12
Activities, NACEBEL
33120Repair and maintenance of machinery
25110Manufacture of metal structures and parts of structures
25530Machining of metals
43990Other specialised construction activities
43999Specialised construction activities
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.