Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BAERT from Menen, company number BE0416791974, closed financial year 2025 with a result of € -92,265 after tax. For that financial year BAERT recorded a gross margin of € -7,306 and equity of € -581,828. Compared with financial year 2024, the result moved from € -148,867 to € -92,265. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ -581,828
▼ € 92,265 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -92,265
▲ 38 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,595
▲ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -644,328.
People and assets in 2025
€ 2,066
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 121,819
▼ 27% vs 2024
€ 47,519 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 15,893
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 18,422 | € 120,040 | € -63,604 | € -7,306 | ▲ € 56,298 |
| Profit after taxes | € -88,636 | € 13,516 | € -148,867 | € -92,265 | ▲ € 56,602 |
| Equity | € -354,211 | € -340,696 | € -489,563 | € -581,828 | ▼ € 92,265 |
| Total debts | € 1,419,952 | € 1,488,779 | € 1,588,528 | € 1,617,729 | ▲ 2% |
| Cash | € 1,548 | € 4,653 | € 4,721 | € 5,595 | ▲ 19% |
| Land & buildings | € 863,164 | € 838,946 | € 817,660 | € 768,684 | ▼ 6% |
| Retained profit | € -416,711 | € -403,196 | € -552,063 | € -644,328 | ▼ € 92,265 |
| Bank debt | € 255,271 | € 212,255 | € 167,787 | € 121,819 | ▼ 27% |
| Balance sheet total | € 1,065,740 | € 1,148,083 | € 1,098,966 | € 1,035,901 | ▼ 6% |
Key figures of BAERT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BAERT?
What happened at BAERT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 92,265. Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 88,636 loss in 2022 to € 92,265 loss in 2025.
Best year ever: 2023, with € 13,516 profit.
Management
Behind BAERT is Steve BAERT. Steve BAERT is also behind Apotheek Baert S..
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Oude Leielaan 90 box 1
8930 Menen
Wollestraat 7
8000 Brugge
Active since 1 November 1981
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0416.791.974
- VAT number
- BE 0416.791.974
- Registered office
- Oude Leielaan 90 bus 1, 8930 Menen
- Names & denominations
- BAERT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1977
- Peppol
- Active · Active since 19 Oct 2026
- Activities · NACE
Gastenkamers