AB-BREW
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 27% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2024 annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €387 | - | - |
| Gross operating margin9900 | €605,915 | €441,797 | ▼ 27.1% |
| Operating profit (loss)9901 | €605,527 | €441,797 | ▼ 27.0% |
| Financial income75/76B | - | €1,885 | - |
| Recurring financial income75 | - | €1,885 | - |
| Financial charges65/66B | - | €427 | - |
| Recurring financial charges65 | - | €427 | - |
| Profit (loss) for the period before taxes9903 | €605,527 | €443,255 | ▼ 26.8% |
| Income taxes67/77 | €146,382 | €105,438 | ▼ 28.0% |
| Profit (loss) for the period9904 | €459,145 | €337,817 | ▼ 26.4% |
| Profit (loss) for the period to be appropriated9905 | €459,145 | €337,817 | ▼ 26.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €0.7m | €1.1m | ▲ 52.6% |
| Current assets29/58 | €0.7m | €1.1m | ▲ 52.6% |
| Amounts receivable within one year40/41 | €0.7m | €0.4m | ▼ 40.7% |
| Trade receivables40 | €0.7m | €0.4m | ▼ 40.7% |
| Current investments50/53 | - | €0.7m | - |
| Cash at bank and in hand54/58 | €0.03m | €0.05m | ▲ 40.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €0.7m | €1.1m | ▲ 52.6% |
| Equity10/15 | €0.5m | €0.8m | ▲ 72.9% |
| Contributions10/11 | €0.004m | €0.004m | = |
| Reserves13 | €0.5m | €0.8m | ▲ 73.6% |
| Distributable reserves133 | €0.5m | €0.8m | ▲ 73.6% |
| Amounts payable17/49 | €0.3m | €0.3m | ▲ 19.5% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | ▲ 19.5% |
| Trade debts44 | €0.007m | €0.004m | ▼ 42.0% |
| Suppliers440/4 | €0.007m | €0.004m | ▼ 42.0% |
| Taxes, remuneration and social security45 | €0.3m | €0.3m | ▲ 21.0% |
| Taxes450/3 | €0.3m | €0.3m | ▲ 21.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €459,145 | €337,817 | ▼ 26.4% |
| Operating cash flow (approximation) | €459,145 | €337,817 | ▼ 26.4% |
| Change in cash | - | €13,401 | - |
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, 144 companies had the same profile as AB-BREW has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Small
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of AB-BREW itself: 0.1% 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 144 companies, not a prediction for AB-BREW. 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.