Programmeerwerken Baert
ActiveProgrammeerwerken Baert has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €85k. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 13% of 16932 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
73
/ 100
Healthy▼ -27 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency18▼-82
Growth58▲+6
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 3.18 in 2024), and 92.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
7.9%
Return on assets
34.9%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 16932 sector peers (2025).
NBB · sector comparisonPosition among 16932 sector peers
Solvency
better than 13%
← 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 12-06-2026, 49 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
49 d early
2024
31 d early
2023
57 d early
2022
31 d early
2021
68 d early
2020
43 d early
2019
58 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▼ 83.3%
2024 · €115k
2018: €88k
2019: €151k
2020: €214k
2021: €85k
2022: €115k
2023: €115k
2024: €115k
2018 → 2025
Total assets
€245k▲ 45.1%
2024 · €169k
2018: €138k
2019: €213k
2020: €263k
2021: €275k
2022: €128k
2023: €131k
2024: €169k
2018 → 2025
Net result
€85k▲ 183%
2024 · €30k
2018: €83k
2019: €62k
2020: €57k
2021: €48k
2022: €31k
2023: €-191
2024: €30k
2018 → 2025
Working capital
€18k▼ 84.5%
2024 · €114k
2018: €87k
2019: €150k
2020: €197k
2021: €72k
2022: €106k
2023: €108k
2024: €114k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€115k▲ 36.3%€115k▼ 0.2%€115k▲ 0.2%€19k▼ 83.3%
Operating result€60k-€42k▼ 30.9%€244▼ 99.4%€42k▲ 17,081%€109k▲ 160%
Net result€48k-€31k▼ 35.4%€-191€30k€85k▲ 183%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 160% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €245k
Fixed assets
€3k▲ 13.3%
Current assets
€242k▲ 45.6%
Equity and liabilities €245k
Equity
€19k▼ 83.3%
Debt
€225k▲ 322%
The debt ratio rises from 31.6% to 92.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€111k▲
2024 · €47k
Cash flow
€87k▲
2024 · €35k
Solvency
7.9%▼
2024 · 68.4%
Current ratio
1.08▼
2024 · 3.18
Quick ratio
1.08▼
2024 · 3.18
Debt / equity
11.68▲
2024 · 0.46
ROE
442.2%▲
2024 · 26.2%
ROA
34.9%▲
2024 · 17.9%
Interest coverage
85.17▲
2024 · 45.06
Debt
€225k▲
2024 · €53k
Debt ≤ 1 year
€224k▲
2024 · €52k
Income taxes
€23k▲
2024 · €11k
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€169k€245k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€73▼
Furniture and vehicles24€2k€73▼
Financial fixed assets28€750€3k▲
Current assets29/58€166k€242k▲
Amounts receivable within one year40/41€25k€20k▼
Trade receivables40€24k€20k▼
Other amounts receivable41€813-
Cash at bank and in hand54/58€124k€215k▲
Deferred charges and accrued income490/1€17k€7k▼
Equity and liabilities
Total equity and liabilities10/49€169k€245k▲
Equity10/15€115k€19k▼
Contributions10/11€19k€19k=
Reserves13€97k€755▼
Distributable reserves133€97k€755▼
Amounts payable17/49€53k€225k▲
Amounts payable within one year42/48€52k€224k▲
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€6k€40k▲
Taxes450/3€4k€36k▲
Remuneration and social security454/9€2k€4k▲
Other amounts payable47/48€43k€181k▲
Accrued charges and deferred income492/3€977€993▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€1k▼
Other operating charges640/8€149€346▲
Gross operating margin9900€47k€111k▲
Operating profit (loss)9901€42k€109k▲
Financial income75/76B€110€291▲
Recurring financial income75€110€291▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€41k€108k▲
Income taxes67/77€11k€23k▲
Profit (loss) for the period9904€30k€85k▲
Profit (loss) for the period to be appropriated9905€30k€85k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€85k▲
Profit (loss) brought forward from the previous period14P€-191-
Transfer from equity791/2-€96k
Profit to be distributed694/7€30k€181k▲
Return on contributions (dividend)694€30k€181k▲
The notes to these accounts (6 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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €85k ▲183%
Net result €85k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-191 ▼101%
Net result drops to €-191, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 7current ratio 9.15
Current ratio from 1.38 to 9.15; short-term debt falls from €191k to €13k.
31-12
Financial
Equity above €100kEq €115k ▲36.3%
5 profitable years in a row build equity to €115k.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €214k ▲41.6%
3 profitable years in a row build equity to €214k.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €151k ▲70.6%
2 profitable years in a row build equity to €151k.
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro 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, Sint-Niklaas · 1 establishment unit since 2017
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.
Hendrik Consciencestraat 169100 Sint-NiklaasGround area
333 m²
Building footprint
205 m²
Volume, LiDAR
1,103 m³
Parcel 46021A0981/00R003, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Compass
since 20172.266.916.229
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46021A0981/00R003 | Flanders | 333 m² | 1 · 205 m² | 10.0 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500QARVWKHMYLCE38
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Of 29,884 companies in sector 62200 we hold annual accounts for 18,321. 12,826 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-08-2017
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62010Computer programming, consultancy and related activities
62100Computer programming
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.