VICTOR BARA
ActiveSummary
VICTOR BARA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €249k and a net result of €-203k. Equity is shrinking by ~30.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 12% of 830 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
33
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▲+2
Solvency29▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity tight (current ratio 1.05 against 1.09 in 2024; short-term debt: 95.5% and cash: 0.1% of total assets), and 95.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
2122232425
2021 to 2025 · latest year €-203k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 830 sector peers (2025).
NBB · sector comparisonPosition among 830 sector peers
Solvency
better than 12%
← 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 03-06-2026, 58 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
58 d early
2024
85 d early
2023
93 d early
2022
97 d early
2021
60 d early
2020
95 d early
2019
36 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-203k▲ 23.5%
2024 · €-265k
2021: €-77k
2022: €-99k
2023: €-242k
2024: €-265k
2021 → 2025
Working capital
€249k▼ 44.9%
2024 · €452k
2021: €1.06M
2022: €959k
2023: €717k
2024: €452k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.06M-€959k▼ 9.4%€717k▼ 25.2%€452k▼ 37.0%€249k▼ 44.9%
Operating result€-9k-€-9k▲ 7.0%€-12k▼ 35.0%€-9k▲ 22.1%€-9k▼ 3.6%
Net result€-77k-€-99k▼ 29.2%€-242k▼ 143%€-265k▼ 9.7%€-203k▲ 23.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €9k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €5.55M
Equity
€249k ▼ 44.9%
Debt
€5.30M ▲ 4.0%
Debt's share of the balance-sheet total rises from 91.9% to 95.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.05▼
2024 · 1.09
Quick ratio
0.00▲
2024 · 0.00
Debt to equity
21.33▲
2024 · 11.29
ROE
-81.6%▼
2024 · -58.7%
ROA
-3.7%▲
2024 · -4.8%
Debt ≤ 1 year
€5.30M▲
2024 · €5.10M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.55M€5.55M▲
Current assets29/58€5.55M€5.55M▲
Stocks and contracts in progress3€5.54M€5.54M=
Stocks30/36€5.54M€5.54M=
Amounts receivable within one year40/41€1k€1k▲
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€5.55M€5.55M▲
Equity10/15€452k€249k▼
Contributions10/11€1.42M€1.42M=
Capital10€1.42M€1.42M=
Issued capital100€1.42M€1.42M=
Reserves13€1.96M€1.96M=
Non-distributable reserves130/1€112k€112k=
Legal reserve130€112k€112k=
Distributable reserves133€1.85M€1.85M=
Profit (loss) carried forward14€-2.93M€-3.14M▼
Amounts payable17/49€5.10M€5.30M▲
Amounts payable within one year42/48€5.10M€5.30M▲
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Other amounts payable47/48€5.10M€5.30M▲
Income statement
Code20242025
Other operating charges640/8€248€425▲
Gross operating margin9900€-9k€-9k▼
Operating profit (loss)9901€-9k€-9k▼
Financial charges65/66B€256k€194k▼
Recurring financial charges65€256k€194k▼
Profit (loss) for the period before taxes9903€-265k€-203k▲
Profit (loss) for the period9904€-265k€-203k▲
Profit (loss) for the period to be appropriated9905€-265k€-203k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.93M€-3.14M▼
Profit (loss) brought forward from the previous period14P€-2.67M€-2.93M▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
State Gazette act
Resignation: MSQ SRL (class B director)Appointment: Smilestone SRL (class B director) · Power of attorney · Mandate compensation5 facts ▸
State Gazette act
Resignation: MSQ SRL (class B director)
Appointment: Smilestone SRL (class B director) · Power of attorney · Mandate compensation5 facts ▸
- General meeting, 17/04/2026
- Director resignation, MSQ SRL (class B director)
- Power of attorney, MSQ SRL
- Director appointment, Smilestone SRL (class B director)
- Mandate compensation, Smilestone SRL
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-265k
Net result drops to €-265k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Smilestone sprl
CurrentClass B director · since 17-04-2026 · Legal entity
17-04-2026
Smilestone sprl: Appointed as Class B director
17-04-2026
MSQ SRL: Resigned as Class B director
Location & real-estate footprint
Registered office, Oudergem
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.
Edmond Van Nieuwenhuyselaan 301160 OudergemGround area
5,641 m²
Building footprint
1,517 m²
Volume, LiDAR
16,785 m³
Parcel 21332B0498/00B000, Brussels · tallest building 25.8 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0498/00B000 | Brussels | 5,641 m² | 1 · 1,517 m² | 25.8 m · 5 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.
Structure & network
Connections & network
7 connected companiesLinked via shared directors
Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Show 3 more companies with a shared director
Shared corporate director
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Shared corporate director
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Shared corporate director
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Similar companies · same sector, comparable size
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Of 333 companies in sector 41002 we hold annual accounts for 133. 79 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41002Construction of residential and non-residential buildings
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.