802
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 15-06-2026 at the NBB all 21 filings
Every figure per financial year
The operating result for 2025 is 62% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €691 | €245 | €245 | €245 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €685 | €268 | €624 | €327 | €449 | ▲ 37.3% |
| Gross operating margin9900 | -€2,984 | -€3,187 | €5,965 | -€4,705 | -€1,038 | €2,924 | €1,602 | €932 | ▼ 41.8% |
| Operating profit (loss)9901 | -€3,842 | -€3,824 | €4,377 | -€5,635 | -€1,306 | €2,300 | €1,275 | €483 | ▼ 62.1% |
| Recurring financial income75 | €54 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €568 | €699 | €635 | €474 | €667 | ▲ 40.7% |
| Recurring financial charges65 | €853 | €531 | €917 | €568 | €699 | €635 | €474 | €667 | ▲ 40.7% |
| Profit (loss) for the period before taxes9903 | -€4,641 | -€4,355 | €3,460 | -€6,203 | -€2,005 | €1,665 | €801 | -€184 | - |
| Income taxes67/77 | - | €233 | €72 | - | - | €159 | €164 | €169 | ▲ 3.0% |
| Profit (loss) for the period9904 | -€4,641 | -€4,588 | €3,388 | -€6,203 | -€2,005 | €1,506 | €637 | -€353 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,641 | -€4,588 | €3,388 | -€6,203 | -€2,005 | €1,506 | €637 | -€353 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €29,811 | €25,331 | €25,010 | €14,884 | €12,182 | €12,901 | €13,534 | €13,493 | ▼ 0.3% |
| Fixed assets21/28 | €840 | €595 | €350 | €105 | €105 | €105 | €105 | €105 | = |
| Tangible fixed assets22/27 | €735 | €490 | €245 | - | - | - | - | - | - |
| Financial fixed assets28 | €105 | €105 | €105 | €105 | €105 | €105 | €105 | €105 | = |
| Current assets29/58 | €28,971 | €24,736 | €24,660 | €14,779 | €12,077 | €12,796 | €13,429 | €13,388 | ▼ 0.3% |
| Amounts receivable within one year40/41 | €21,931 | €21,060 | €21,646 | €12,195 | €11,449 | €12,249 | €13,001 | €12,960 | ▼ 0.3% |
| Trade receivables40 | - | - | - | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Other amounts receivable41 | - | - | - | €8,695 | €7,949 | €8,749 | €9,501 | €9,460 | ▼ 0.4% |
| Cash at bank and in hand54/58 | €7,040 | €3,466 | €3,014 | €2,584 | €628 | €176 | €235 | €235 | = |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €371 | €193 | €193 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €29,811 | €25,331 | €25,010 | €14,884 | €12,182 | €12,901 | €13,534 | €13,493 | ▼ 0.3% |
| Equity10/15 | €21,844 | €17,256 | €19,444 | €13,241 | €11,236 | €12,742 | €13,379 | €13,026 | ▼ 2.6% |
| Contributions10/11 | €10,400 | €10,400 | €10,400 | €10,400 | €10,400 | €10,400 | €10,400 | €10,400 | = |
| Contributions outside capital11 | - | - | - | €10,400 | €10,400 | €10,400 | €10,400 | - | - |
| Other1109/19 | - | - | - | €10,400 | €10,400 | €10,400 | €10,400 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| 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 | = |
| Profit (loss) carried forward14 | €9,584 | €4,996 | €7,184 | €981 | -€1,024 | €482 | €1,119 | €766 | ▼ 31.5% |
| Amounts payable17/49 | €7,967 | €8,075 | €5,566 | €1,643 | €946 | €159 | €155 | €467 | ▲ 201% |
| Amounts payable after more than one year17 | €3,085 | €448 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €4,882 | €5,077 | €5,566 | €1,643 | €946 | €159 | €155 | €467 | ▲ 201% |
| Trade debts44 | €256 | €1,801 | €798 | €499 | €526 | - | - | €313 | - |
| Suppliers440/4 | - | - | - | €499 | €526 | - | - | €313 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,144 | €420 | €159 | €155 | €154 | ▼ 0.6% |
| Taxes450/3 | - | - | - | €1,144 | €420 | €159 | €155 | €154 | ▼ 0.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,641 | -€4,588 | €3,388 | -€6,203 | -€2,005 | €1,506 | €637 | -€353 | - |
| + Depreciation and write-downs630 | €691 | €245 | €245 | €245 | - | - | - | - | - |
| Operating cash flow (approximation) | -€3,950 | -€4,343 | €3,633 | -€5,958 | -€2,005 | €1,506 | €637 | -€353 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,574 | -€452 | -€430 | -€1,956 | -€452 | €59 | €0 | ▼ 100% |
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, 12,322 companies had the same profile as 802 has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of 802 itself: 0.4% within 12 months.
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 12,322 companies, not a prediction for 802. 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 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-06-2026 | 2026-00161366 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00353566 | |
| 31-12-2023 | micro format | 11-06-2024 | 2024-00125622 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00148077 | |
| 31-12-2021 | micro format | 07-08-2022 | 2022-20274364 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59700521 | |
| 31-12-2019 | micro format | 05-07-2020 | 2020-26500373 | |
| 31-12-2018 | micro format | 16-06-2019 | 2019-18900454 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-56900383 | |
| 31-12-2016 | micro format | 23-06-2017 | 2017-21400593 |