b-BIT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 12 filings
Turnover
≈ €660,000
Estimated: probably between €460,000 and €1.1m
Total assets
€310,199▼ 22.4%
2024 · €399,833
Net result
€165,655▼ 5.2%
2024 · €174,765
Working capital
€93,556
2024 · -€12,404
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€224,148
▼ 5.3%
2025
20182025
Net result
€165,655
▼ 5.2%
2025
highest quarter of the sector
20182025
Equity
€144,702
▲ 168%
2025
middle half of the sector
20182025
Total assets
€310,199
▼ 22.4%
2025
highest quarter of the sector
20182025
Debt
€165,497
▼ 52.1%
2025
20182025
Working capital
€93,556
2025
middle half of the sector
20182025
Solvency
46.6%
▲ 33.1pp
2025
middle half of the sector
20182025
Current ratio
1.64
▲ 0.68
2025
middle half of the sector
20182025
Return on assets (ROA)
53.4%
▲ 9.7pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€106,217-€47,761▼ 55.0%-€14,890€121,862€107,434▼ 11.8%€197,893▲ 84.2%€236,682▲ 19.6%€224,148▼ 5.3%
Net result€73,748-€33,375▼ 54.7%-€20,537below the sector's middle half€99,036above the sector's middle half€81,968above the sector's middle half▼ 17.2%€150,451above the sector's middle half▲ 83.5%€174,765above the sector's middle half▲ 16.2%€165,655above the sector's middle half▼ 5.2%
Equity€188,588-€221,963▲ 17.7%€201,426above the sector's middle half▼ 9.3%€186,862above the sector's middle half▼ 7.2%€153,830within the sector's middle half▼ 17.7%€129,282within the sector's middle half▼ 16.0%€54,047within the sector's middle half▼ 58.2%€144,702within the sector's middle half▲ 168%
Total assets€207,578-€242,636▲ 16.9%€210,089within the sector's middle half▼ 13.4%€313,182above the sector's middle half▲ 49.1%€305,120above the sector's middle half▼ 2.6%€415,883above the sector's middle half▲ 36.3%€399,833above the sector's middle half▼ 3.9%€310,199above the sector's middle half▼ 22.4%
Debt€18,990-€20,673▲ 8.9%€8,663▼ 58.1%€126,320▲ 15×€151,290▲ 19.8%€286,601▲ 89.4%€345,786▲ 20.7%€165,497▼ 52.1%
Working capital€182,465-€203,087▲ 11.3%€187,710above the sector's middle half▼ 7.6%€158,340above the sector's middle half▼ 15.6%€133,870above the sector's middle half▼ 15.5%€61,689within the sector's middle half▼ 53.9%-€12,404below the sector's middle half€93,556within the sector's middle half
Solvency90.9%-91.5%▲ 0.6pp95.9%above the sector's middle half▲ 4.4pp59.7%within the sector's middle half▼ 36.2pp50.4%within the sector's middle half▼ 9.2pp31.1%below the sector's middle half▼ 19.3pp13.5%below the sector's middle half▼ 17.6pp46.6%within the sector's middle half▲ 33.1pp
Current ratio10.61-10.82▲ 0.2222.67above the sector's middle half▲ 11.842.25within the sector's middle half▼ 20.411.89within the sector's middle half▼ 0.371.26below the sector's middle half▼ 0.630.96below the sector's middle half▼ 0.301.64within the sector's middle half▲ 0.68
Return on assets (ROA)35.5%-13.8%▼ 21.8pp-9.8%below the sector's middle half▼ 23.5pp31.6%above the sector's middle half▲ 41.4pp26.9%within the sector's middle half▼ 4.8pp36.2%above the sector's middle half▲ 9.3pp43.7%above the sector's middle half▲ 7.5pp53.4%above the sector's middle half▲ 9.7pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 5% 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €310,199
Fixed assets
€71,286 ▼ 26.2%
Current assets
€238,913 ▼ 21.2%
Equity and liabilities €310,199
Equity
€144,702 ▲ 168%
Debt
€165,497 ▼ 52.1%
Debt's share of the balance-sheet total falls from 86.5% to 53.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€250,369▼
2024 · €261,620
Cash flow
€191,876▼
2024 · €199,703
Debt to equity
1.14▼
2024 · 6.40
ROE
114.5%▼
2024 · 323.4%
Interest coverage
43.47▲
2024 · 42.27
Debt ≤ 1 year
€145,357▼
2024 · €315,599
Debt > 1 year
€19,583▼
2024 · €29,637
Income taxes
€52,733▼
2024 · €55,728
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €24,293 | €4,174 | €114,910 | €20,000 | €869 |
| Depreciation and write-downs of the year | €9,406 | €12,461 | €9,225 | €24,937 | €26,221 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,818 | €5,159 | €5,159 | €9,406 | €12,461 | €9,225 | €24,937 | €26,221 | ▲ 5.1% |
| Other operating charges640/8 | - | - | - | €1,609 | €2,183 | €1,757 | €2,255 | €2,175 | ▼ 3.6% |
| Gross operating margin9900 | €109,597 | €54,144 | -€8,361 | €132,877 | €122,078 | €208,875 | €263,875 | €252,544 | ▼ 4.3% |
| Operating profit (loss)9901 | €106,217 | €47,761 | -€14,890 | €121,862 | €107,434 | €197,893 | €236,682 | €224,148 | ▼ 5.3% |
| Financial income75/76B | - | - | - | €2,914 | €0 | €0 | €0 | €0 | ▲ 900% |
| Recurring financial income75 | €38 | €60 | €936 | €2,914 | €0 | €0 | €0 | €0 | ▲ 900% |
| Financial charges65/66B | - | - | - | -€670 | €583 | €993 | €6,189 | €5,760 | ▼ 6.9% |
| Recurring financial charges65 | €1,226 | €1,059 | €6,199 | -€670 | €583 | €993 | €6,189 | €5,760 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €105,028 | €46,763 | -€20,152 | €125,445 | €106,851 | €196,900 | €230,493 | €218,388 | ▼ 5.3% |
| Income taxes67/77 | €31,281 | €13,388 | €385 | €26,409 | €24,883 | €46,449 | €55,728 | €52,733 | ▼ 5.4% |
| Profit (loss) for the period9904 | €73,748 | €33,375 | -€20,537 | €99,036 | €81,968 | €150,451 | €174,765 | €165,655 | ▼ 5.2% |
| Profit (loss) for the period to be appropriated9905 | €73,748 | €33,375 | -€20,537 | €99,036 | €81,968 | €150,451 | €174,765 | €165,655 | ▼ 5.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €207,578 | €242,636 | €210,089 | €313,182 | €305,120 | €415,883 | €399,833 | €310,199 | ▼ 22.4% |
| Fixed assets21/28 | €6,123 | €18,876 | €13,717 | €28,604 | €20,318 | €115,171 | €96,638 | €71,286 | ▼ 26.2% |
| Tangible fixed assets22/27 | €6,123 | €18,876 | €13,717 | €28,604 | €20,318 | €115,171 | €96,638 | €71,286 | ▼ 26.2% |
| Plant, machinery and equipment23 | - | - | - | - | - | €2,697 | €2,427 | €2,157 | ▼ 11.1% |
| Furniture and vehicles24 | - | - | - | €24,095 | €17,785 | €111,917 | €93,933 | €69,128 | ▼ 26.4% |
| Other tangible fixed assets26 | - | - | - | €4,509 | €2,533 | €556 | €278 | - | - |
| Current assets29/58 | €201,455 | €223,760 | €196,373 | €284,578 | €284,802 | €300,712 | €303,195 | €238,913 | ▼ 21.2% |
| Amounts receivable within one year40/41 | €76,921 | €34,365 | €11,435 | €45,869 | €66,460 | €93,105 | €40,601 | €125,900 | ▲ 210% |
| Trade receivables40 | - | - | - | €42,169 | €62,643 | €90,779 | €26,146 | €109,174 | ▲ 318% |
| Other amounts receivable41 | - | - | - | €3,700 | €3,817 | €2,326 | €14,455 | €16,725 | ▲ 15.7% |
| Current investments50/53 | - | - | €16,746 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €123,344 | €188,182 | €156,456 | €227,772 | €210,070 | €199,926 | €256,926 | €109,794 | ▼ 57.3% |
| Deferred charges and accrued income490/1 | - | - | - | €10,937 | €8,273 | €7,681 | €5,668 | €3,219 | ▼ 43.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €207,578 | €242,636 | €210,089 | €313,182 | €305,120 | €415,883 | €399,833 | €310,199 | ▼ 22.4% |
| Equity10/15 | €188,588 | €221,963 | €201,426 | €186,862 | €153,830 | €129,282 | €54,047 | €144,702 | ▲ 168% |
| Contributions10/11 | €6,200 | €6,200 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €156,560 | €189,910 | €189,910 | €163,910 | €132,910 | €108,910 | €35,210 | €125,710 | ▲ 257% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €162,050 | €131,050 | €108,910 | €35,210 | €125,710 | ▲ 257% |
| Profit (loss) carried forward14 | €25,828 | €25,853 | €5,316 | €4,352 | €2,320 | €1,772 | €237 | €392 | ▲ 65.2% |
| Amounts payable17/49 | €18,990 | €20,673 | €8,663 | €126,320 | €151,290 | €286,601 | €345,786 | €165,497 | ▼ 52.1% |
| Amounts payable after more than one year17 | - | - | - | - | - | €39,272 | €29,637 | €19,583 | ▼ 33.9% |
| Financial debts170/4 | - | - | - | - | - | €39,272 | €29,637 | €19,583 | ▼ 33.9% |
| Amounts payable within one year42/48 | €18,990 | €20,673 | €8,663 | €126,238 | €150,933 | €239,023 | €315,599 | €145,357 | ▼ 53.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €9,228 | €9,635 | €10,055 | ▲ 4.4% |
| Trade debts44 | €1,470 | €3,648 | €3,037 | €3,788 | €14,937 | €17,666 | €7,635 | €23,616 | ▲ 209% |
| Suppliers440/4 | - | - | - | €3,788 | €14,937 | €17,666 | €7,635 | €23,616 | ▲ 209% |
| Taxes, remuneration and social security45 | - | - | - | €21,985 | €20,499 | €36,617 | €47,734 | €36,235 | ▼ 24.1% |
| Taxes450/3 | - | - | - | €21,985 | €20,499 | €36,617 | €47,734 | €36,235 | ▼ 24.1% |
| Other amounts payable47/48 | - | - | - | €100,465 | €115,497 | €175,513 | €250,594 | €75,451 | ▼ 69.9% |
| Accrued charges and deferred income492/3 | - | - | - | €82 | €357 | €8,306 | €550 | €557 | ▲ 1.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,748 | €33,375 | -€20,537 | €99,036 | €81,968 | €150,451 | €174,765 | €165,655 | ▼ 5.2% |
| + Depreciation and write-downs630 | €1,818 | €5,159 | €5,159 | €9,406 | €12,461 | €9,225 | €24,937 | €26,221 | ▲ 5.1% |
| Operating cash flow (approximation) | €75,566 | €38,534 | -€15,378 | €108,442 | €94,429 | €159,676 | €199,703 | €191,876 | ▼ 3.9% |
| Investment in fixed assets (approximation) | - | -€17,912 | €0 | -€24,293 | -€4,174 | -€104,078 | -€6,405 | -€869 | ▲ 86.4% |
| Change in cash | - | €64,838 | -€31,726 | €71,316 | -€17,702 | -€10,144 | €57,000 | -€147,131 | - |
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, 34,693 companies had the same profile as b-BIT has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of b-BIT 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 34,693 companies, not a prediction for b-BIT. 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 |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00357033 | |
| 31-12-2024 | micro format | 08-07-2025 | 2025-00241594 | |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00132471 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00172017 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20093640 | |
| 31-12-2020 | micro format | 04-06-2021 | 2021-17300361 | |
| 31-12-2019 | micro format | 18-06-2020 | 2020-18300213 | |
| 31-12-2018 | micro format | 23-07-2019 | 2019-38100304 | |
| 31-12-2017 | micro format | 04-07-2018 | 2018-30100234 | |
| 31-12-2016 | micro format | 19-06-2017 | 2017-19100088 |