2BUILDIT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-03-2026 PDF all 12 filings
Equity
-€30,764
2024 · €6,402
Total assets
€114,519▼ 9.3%
2024 · €126,221
Net result
-€37,166▼ 408%
2024 · -€7,314
Working capital
-€57,345▼ 148%
2024 · -€23,139
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€32,812
▼ 1,507%
2025
20192025
Net result
-€37,166
▼ 408%
2025
lowest quarter of the sector
20192025
Equity
-€30,764
2025
lowest quarter of the sector
20192025
Total assets
€114,519
▼ 9.3%
2025
middle half of the sector
20192025
Debt
€145,283
▲ 21.3%
2025
20192025
Working capital
-€57,345
▼ 148%
2025
lowest quarter of the sector
20192025
Solvency
-26.9%
▼ 31.9pp
2025
lowest quarter of the sector
20192025
Current ratio
0.19
▼ 0.16
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-32.5%
▼ 26.7pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€27,873-€33,180▲ 19.0%€5,861▼ 82.3%-€1,080€6,658-€2,042-€32,812▼ 1,507%
Net result€22,711-€27,305within the sector's middle half▲ 20.2%€988below the sector's middle half▼ 96.4%-€5,012below the sector's middle half€1,231within the sector's middle half-€7,314below the sector's middle half-€37,166below the sector's middle half▼ 408%
Equity€13,204-€16,509below the sector's middle half▲ 25.0%€17,496below the sector's middle half▲ 6.0%€12,484below the sector's middle half▼ 28.6%€13,715below the sector's middle half▲ 9.9%€6,402below the sector's middle half▼ 53.3%-€30,764below the sector's middle half
Total assets€176,218-€156,518within the sector's middle half▼ 11.2%€143,337within the sector's middle half▼ 8.4%€133,414within the sector's middle half▼ 6.9%€130,645within the sector's middle half▼ 2.1%€126,221within the sector's middle half▼ 3.4%€114,519within the sector's middle half▼ 9.3%
Debt€163,014-€140,010▼ 14.1%€125,841▼ 10.1%€120,930▼ 3.9%€116,930▼ 3.3%€119,820▲ 2.5%€145,283▲ 21.3%
Working capital€6,766-€7,206within the sector's middle half▲ 6.5%€5,923below the sector's middle half▼ 17.8%-€1,502below the sector's middle half-€6,846below the sector's middle half▼ 356%-€23,139below the sector's middle half▼ 238%-€57,345below the sector's middle half▼ 148%
Solvency7.5%-10.5%below the sector's middle half▲ 3.1pp12.2%below the sector's middle half▲ 1.7pp9.4%below the sector's middle half▼ 2.8pp10.5%below the sector's middle half▲ 1.1pp5.1%below the sector's middle half▼ 5.4pp-26.9%below the sector's middle half▼ 31.9pp
Current ratio1.23-1.43within the sector's middle half▲ 0.201.45within the sector's middle half▲ 0.020.92below the sector's middle half▼ 0.530.71below the sector's middle half▼ 0.210.35below the sector's middle half▼ 0.360.19below the sector's middle half▼ 0.16
Return on assets (ROA)12.9%-17.4%within the sector's middle half▲ 4.6pp0.7%below the sector's middle half▼ 16.8pp-3.8%below the sector's middle half▼ 4.4pp0.9%below the sector's middle half▲ 4.7pp-5.8%below the sector's middle half▼ 6.7pp-32.5%below the sector's middle half▼ 26.7pp
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €32,812, larger than the loss of €2,042 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114,519
Fixed assets
€101,410 ▼ 10.9%
Current assets
€13,109 ▲ 5.6%
Equity and liabilities
Equity-€30,764
Debt€145,283
Equity is negative. Debt (€145,283) exceeds the balance-sheet total (€114,519).
Key figures and ratios
EBITDA
-€20,418▼
2024 · €8,180
Cash flow
-€24,772▼
2024 · €2,909
Interest coverage
-4.64▼
2024 · 1.69
Debt ≤ 1 year
€70,454▲
2024 · €35,556
Debt > 1 year
€74,830▼
2024 · €84,264
Income taxes
-€36▼
2024 · €438
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,750 | - | €5,927 | €10,210 | - |
| Depreciation and write-downs of the year | €9,890 | €8,006 | €8,438 | €10,222 | €12,394 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,476 | €9,690 | €9,890 | €8,006 | €8,438 | €10,222 | €12,394 | ▲ 21.3% |
| Other operating charges640/8 | - | - | €2,578 | €1,258 | €1,701 | €2,011 | €1,466 | ▼ 27.1% |
| Gross operating margin9900 | €40,221 | €43,662 | €18,329 | €8,185 | €16,796 | €10,191 | -€18,952 | - |
| Operating profit (loss)9901 | €27,873 | €33,180 | €5,861 | -€1,080 | €6,658 | -€2,042 | -€32,812 | ▼ 1,507% |
| Financial income75/76B | - | - | €127 | €5 | €11 | €11 | €9 | ▼ 25.2% |
| Recurring financial income75 | €1 | €2 | €127 | €5 | €11 | €11 | €9 | ▼ 25.2% |
| Financial charges65/66B | - | - | €3,736 | €3,504 | €4,205 | €4,845 | €4,398 | ▼ 9.2% |
| Recurring financial charges65 | €4,244 | €4,026 | €3,736 | €3,504 | €4,205 | €4,845 | €4,398 | ▼ 9.2% |
| Profit (loss) for the period before taxes9903 | €23,630 | €29,155 | €2,252 | -€4,579 | €2,464 | -€6,875 | -€37,202 | ▼ 441% |
| Income taxes67/77 | €918 | €1,851 | €1,265 | €433 | €1,233 | €438 | -€36 | - |
| Profit (loss) for the period9904 | €22,711 | €27,305 | €988 | -€5,012 | €1,231 | -€7,314 | -€37,166 | ▼ 408% |
| Profit (loss) for the period to be appropriated9905 | €22,711 | €27,305 | €988 | -€5,012 | €1,231 | -€7,314 | -€37,166 | ▼ 408% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €176,218 | €156,518 | €143,337 | €133,414 | €130,645 | €126,221 | €114,519 | ▼ 9.3% |
| Fixed assets21/28 | €139,747 | €132,474 | €124,334 | €116,328 | €113,817 | €113,804 | €101,410 | ▼ 10.9% |
| Tangible fixed assets22/27 | €139,747 | €132,474 | €124,334 | €116,328 | €113,817 | €113,804 | €101,410 | ▼ 10.9% |
| Land and buildings22 | - | - | €1,332 | €1,102 | €967 | €3,826 | €3,391 | ▼ 11.4% |
| Plant, machinery and equipment23 | - | - | €2,155 | €1,913 | €1,672 | €1,430 | €1,188 | ▼ 16.9% |
| Furniture and vehicles24 | - | - | €463 | €298 | €5,535 | €10,275 | €5,928 | ▼ 42.3% |
| Other tangible fixed assets26 | - | - | €120,385 | €113,014 | €105,644 | €98,273 | €90,903 | ▼ 7.5% |
| Current assets29/58 | €36,471 | €24,044 | €19,003 | €17,087 | €16,828 | €12,417 | €13,109 | ▲ 5.6% |
| Amounts receivable within one year40/41 | €29,441 | €8,436 | €13,042 | €10,748 | €10,155 | €4,438 | €8,755 | ▲ 97.3% |
| Trade receivables40 | - | - | €10,665 | €9,175 | €10,149 | €4,438 | €8,750 | ▲ 97.2% |
| Other amounts receivable41 | - | - | €2,377 | €1,573 | €6 | - | €6 | - |
| Cash at bank and in hand54/58 | €6,055 | €13,648 | €3,972 | €4,313 | €3,980 | €5,862 | €3,477 | ▼ 40.7% |
| Deferred charges and accrued income490/1 | - | - | €1,989 | €2,025 | €2,693 | €2,118 | €876 | ▼ 58.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €176,218 | €156,518 | €143,337 | €133,414 | €130,645 | €126,221 | €114,519 | ▼ 9.3% |
| Equity10/15 | €13,204 | €16,509 | €17,496 | €12,484 | €13,715 | €6,402 | -€30,764 | - |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €4,660 | €7,160 | €8,060 | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €2,344 | €3,149 | €3,236 | -€1,776 | -€545 | -€7,858 | -€45,024 | ▼ 473% |
| Amounts payable17/49 | €163,014 | €140,010 | €125,841 | €120,930 | €116,930 | €119,820 | €145,283 | ▲ 21.3% |
| Amounts payable after more than one year17 | €132,359 | €122,221 | €111,811 | €101,392 | €93,255 | €84,264 | €74,830 | ▼ 11.2% |
| Financial debts170/4 | - | - | €111,811 | €101,392 | €93,255 | €84,264 | €74,830 | ▼ 11.2% |
| Amounts payable within one year42/48 | €29,705 | €16,838 | €13,080 | €18,588 | €23,675 | €35,556 | €70,454 | ▲ 98.1% |
| Current portion of amounts payable after more than one year42 | - | - | €10,411 | €10,419 | €8,570 | €8,992 | €9,434 | ▲ 4.9% |
| Trade debts44 | €916 | €2,042 | €2,095 | €1,988 | €1,671 | €1,967 | €1,239 | ▼ 37.0% |
| Suppliers440/4 | - | - | €2,095 | €1,988 | €1,671 | €1,967 | €1,239 | ▼ 37.0% |
| Taxes, remuneration and social security45 | - | - | €348 | €31 | €1,211 | €1,043 | €1,111 | ▲ 6.4% |
| Taxes450/3 | - | - | €348 | €31 | €1,211 | €1,043 | €1,111 | ▲ 6.4% |
| Other amounts payable47/48 | - | - | €227 | €6,150 | €12,224 | €23,554 | €58,669 | ▲ 149% |
| Accrued charges and deferred income492/3 | - | - | €950 | €950 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,711 | €27,305 | €988 | -€5,012 | €1,231 | -€7,314 | -€37,166 | ▼ 408% |
| + Depreciation and write-downs630 | €10,476 | €9,690 | €9,890 | €8,006 | €8,438 | €10,222 | €12,394 | ▲ 21.3% |
| Operating cash flow (approximation) | €33,187 | €36,995 | €10,877 | €2,994 | €9,669 | €2,909 | -€24,772 | - |
| Investment in fixed assets (approximation) | - | -€2,417 | -€1,750 | €0 | -€5,927 | -€10,210 | €0 | - |
| Change in cash | - | €7,593 | -€9,676 | €341 | -€333 | €1,881 | -€2,385 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as 2BUILDIT has now. Two years later, 85.4% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
85.4%
was still going
8.1%
stopped otherwise
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of 2BUILDIT itself is lower: 0.8% within 12 months. It rests on far more data about 2BUILDIT than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for 2BUILDIT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 23-03-2026 | 2026-00059921 | |
| 30-09-2024 | micro format | 20-03-2025 | 2025-00051175 | |
| 30-09-2023 | micro format | 19-03-2024 | 2024-00045852 | |
| 30-09-2022 | micro format | 05-04-2023 | 2023-00054348 | |
| 30-09-2021 | micro format | 27-04-2022 | 2022-20010028 | |
| 30-09-2020 | micro format | 27-04-2021 | 2021-11400398 | |
| 30-09-2019 | micro format | 27-04-2020 | 2020-09900422 | |
| 30-09-2018 | micro format | 30-04-2019 | 2019-11700195 | |
| 30-09-2017 | micro format | 25-04-2018 | 2018-10700450 | |
| 30-09-2016 | abbreviated format | 07-04-2017 | 2017-09100391 |