Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BART from Ninove, company number BE0455874858, closed financial year 2025 with a result of € -107,616 after tax. For that financial year BART recorded a gross margin of € -79,456 and equity of € -68,135. Compared with financial year 2024, the result moved from € -6,400 to € -107,616. 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 January 29, 2026.
€ -68,135
▼ € 107,616 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -107,616
▼ 1581 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -105,335.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 216
▼ 88% vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 12,538
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 23,898
▲ € 20,939 vs 2024
Loans from banks and other lenders, long and short.
€ 89,827
▲ 207% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -37,311 | € -11,013 | € -12,215 | € -79,456 | ▼ € 67,241 |
| Profit after taxes | € -69,730 | € -31,119 | € -6,400 | € -107,616 | ▼ € 101,216 |
| Equity | € 77,001 | € 45,882 | € 39,482 | € -68,135 | ▼ € 107,616 |
| Total debts | € 388,562 | € 99,828 | € 69,463 | € 167,114 | ▲ 141% |
| Land & buildings | € 2,902 | € 2,565 | € 2,228 | € 1,892 | ▼ 15% |
| Retained profit | € 39,801 | € 8,682 | € 2,282 | € -105,335 | ▼ € 107,616 |
| Bank debt | € 243,722 | € 24,644 | € 2,959 | € 23,898 | ▲ € 20,939 |
| Balance sheet total | € 465,563 | € 145,710 | € 108,945 | € 98,979 | ▼ 9% |
Key figures of BART, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to BART?
What happened at BART in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 107,616. Source: NBB ↗
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 69,730 loss in 2022 to € 107,616 loss in 2025.
Management
Behind BART is Johan Van Mulders.
Directors
According to the 2025 annual accounts
Johan Van Mulders
Director
Establishments
Establishment units
Physical locations of this company
Elisabethlaan 151
9400 Ninove
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0455.874.858
- VAT number
- BE 0455.874.858
- Registered office
- Elisabethlaan 151, 9400 Ninove
- Names & denominations
- BART
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 August 1995
- Peppol
- Active · Active since 7 Jan 2026
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